Jiangsu Huasheng Tianlong faces delisting risk amid ongoing financial and operational issues
Jiangsu Huasheng Tianlong Photoelectric Co., Ltd. announced a series of ongoing risk warnings for its stock. Major shareholder Dayou Holdings Co., Ltd.'s 25,598,494 shares are currently frozen following a dispute and property preservation order. This judicial freezing, coupled with a previous auction withdrawal, raises the risk of judicial disposal, potentially altering the company's control.
Furthermore, the company's subsidiary, Sichuan Zhongshu Shilian Construction Engineering Co., Ltd., has faced bank account freezes due to project subcontracting disputes. While some accounts have been unfrozen, other litigation-related freezes persist, affecting the company's ability to conduct its new energy engineering business effectively.
Financially, the company reported a net loss attributable to shareholders of yuan -27,303,694.80 for 2024 and yuan -14,302,956.58 for the first half of 2025. With negative net assets and ongoing audit concerns regarding its ability to continue as a going concern, the company's stock was placed under delisting risk warning on April 22, 2025. These factors, alongside severe disruptions to production and operations since December 2018, underscore the company's precarious financial position.
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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