FilingReader Intelligence

ST Hanma warns of potential delisting

February 24, 2025 at 12:58 PM UTCBy FilingReader AI

Hualing Xingma Automobile Group (SSE:600375), trading as *ST Hanma, has issued its third risk warning regarding the potential delisting of its shares. This follows the company's placement under delisting risk alert on April 1, 2024, due to a negative net asset value attributable to shareholders at the end of fiscal year 2023. The company projects a net profit attributable to shareholders in 2024 of between RMB 155 million and RMB 185 million, with operating revenue between RMB 4.15 billion and RMB 4.35 billion. However, the estimated net assets attributable to shareholders at the end of 2024 are projected to be between RMB 3.257 billion and RMB 3.287 billion. These figures are preliminary and subject to final audit. If *ST Hanma fails to meet the conditions for removing the delisting risk alert or fails to apply for its removal within the prescribed period, its shares will be terminated from listing.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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