ST Zhongli stock fluctuates, warns of delisting risks

Jiangsu Zhongli Group (SZSE:002309) has issued an announcement regarding recent abnormal fluctuations in its stock price. The company emphasizes that while its restructuring plan is complete, significant financial challenges persist. These include a negative net asset value at the end of 2023, an adverse internal control audit report, and sustained losses over the past three years. Additionally, the audit report from Suya Jin Cheng included concerns about the company's ability to continue as a going concern. The company is also dealing with an administrative penalty notice from the China Securities Regulatory Commission. Due to these factors, Zhongli's stock remains under delisting risk warnings and other risk alerts. The company advises investors to exercise caution and consult official disclosures for accurate information.