The stock price fell by 99% at the highest, and the "most expensive ST shares" bid farewell to A shares!

After the end of trading during the delisting period, the former "most expensive ST shares" will bid farewell to the A-share market.

On the evening of July 16, Zuojiang retired (the stock abbreviation was *ST Zuojiang, Zuojiang Technology) announced that the company's shares had been terminated by the Shenzhen Stock Exchange and would be delisted on July 29.

During the delisting period, Zuojiang's share price fell from 6.94 yuan to the current 1.08 yuan, a decline of more than 80%; From the highest price of 299.8 yuan in the history of the stock to the current 1.08 yuan, a decline of more than 99%.

Zuo Jiang will be delisted

Zuojiang retired from the announcement that the company's shares have been decided by the Shenzhen Stock Exchange to terminate the listing, the company's shares entered the delisting period on July 8, trading in the delisting period for 15 trading days, and the last trading day was July 26. The company's shares will be delisted on July 29.

The company's audited net profit before and after deducting non-recurring gains and losses in 2022 is negative and the operating income is less than 100 million yuan, and the company's stock trading will be subject to delisting risk warning from May 4, 2023.

On April 29 this year, the company disclosed that the first annual financial and accounting report after the implementation of the delisting risk warning showed that the audited net profit before and after deducting non-recurring gains and losses in 2023 was -223 million yuan, and the operating income after deducting business income unrelated to the main business and income without commercial substance was 52.1727 million yuan; The company has touched the termination of the listing of the shares as stipulated in the GEM stock listing rules.

On June 28 this year, the company received the decision to terminate the listing of shares on the Shenzhen Stock Exchange, and the company's shares entered the delisting period on July 8.

After the company's shares are terminated from listing, they will be transferred to the delisting section managed by the National Small and Medium-sized Enterprises Share Transfer System Co., Ltd. for share transfer.

It is worth noting that on the eve of the delisting, the number of shareholders of the company increased significantly, and with the blessing of the DPU (data processor) concept, the strong performance of the company's stock price attracted the attention of many investors. According to the data, as of the end of September 2023, the number of shareholders of the company was 2,803, which increased to 16,107 by the end of 2023, and in the fourth quarter of 2023, the strong performance of the company's share price attracted 13,300 investors to buy. At the end of the first quarter of this year, the number of shareholders of the company decreased by 3,960 to 12,147.

The "most expensive ST stock" in the past

According to the data, Zuo Jianghui is mainly engaged in the design, development, production and sales of software and hardware platforms, boards and chips related to the field of information security. The main products sold by the company are intelligent hardware hosts in the field of network security, self-developed security series software and related products developed based on programmable data processing chips.

The company landed in the capital market in 2019, and as a national high-tech enterprise, since 2021, the company has continuously disclosed the research and development of "programmable network data processing chips".

As the wave of artificial intelligence led by ChatGPT has swept the world, AI technology is regarded as a revolutionary force across the era, and related stocks are highly sought after by the market. As a scarce DPU concept stock, Zuo Jianghui is also targeted by capital, even in the case of the company's stock wearing a star and a hat, the stock price has risen all the way, rising to nearly 300 yuan.

However, the stellar share price performance did not mask the company's declining performance. Wind data shows that since reaching a profit high of 94 million yuan in 2020, the company's profitability has declined year by year. In 2021, the company's performance fell by 93.95%, and the net profit attributable to the parent company decreased to 60 million yuan, in 2022, the company's performance fell into a loss, with a loss of 147 million yuan that year, and in 2023, the company's performance continued to lose, and the loss expanded to 220 million yuan. In the first quarter of this year, the company's revenue fell 78.96% year-on-year to 30 million yuan, accompanied by a loss of 39 million yuan.

More seriously, in November 2023, the China Securities Regulatory Commission announced an investigation against ST Zuojiang, and in January of the following year, it notified the preliminary investigation results, pointing out that the financial information disclosed by the company in 2023 was seriously untrue and suspected of major financial fraud.

Due to the net profit loss for two consecutive years and the revenue of less than 100 million yuan, coupled with the audit report that the financial report was issued without an opinion, Zuojiang Technology finally touched the relevant regulations on the termination of the listing of GEM stocks and went to the fate of delisting.

Editor-in-charge: Zhu Yumeng

Proofreading: Wang Jincheng

Copyright Notice

All original content on the platforms of the Securities Times shall not be reproduced by any unit or individual without written authorization. Our company reserves the right to pursue the legal responsibility of relevant actors.

转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes

END

Click on a keyword to view it

Periscope Series In-depth Report丨Stock Council Column丨Investment Xiaohongshu丨E Company Investigation丨Times Meeting Room丨Top Ten Celebrity Private Equity Interviews丨The latest release of the Central Bank and the State Administration of Foreign Exchange! 丨Hot search! China Securities Construction Investment intern leaks IPO materials? The company's response丨 The China Securities Regulatory Commission held a blockbuster meeting! Wu Qing spoke丨plummeted by more than 23%! Yu Minhong spoke again: It's a pity! 丨Li Daxiao retires! once proposed "baby bottom" and "earth top"丨Oriental selection plummeted! Walking with Hui rose by 120,000 fans overnight, and 200,000 people poured into the live broadcast room丨Late at night, important data United States announced! The Nasdaq once crashed and fell, and gold and silver dived! 丨Another company is about to be delisted, and trading will be suspended from tomorrow! 丨Suddenly! Dong Yuhui resigned丨Just now, the RMB suddenly pulled wildly! 丨Just now! The central bank unexpectedly "cut interest rates"丨The world fell sharply! Asia-Pacific stock markets tumbled