Financial Associated Press, May 11 (editor Shen Chao) Annual report quarterFreetripleplayvideopokerThe A-share market is doomed to "several joys and sorrows".FreetripleplayvideopokerWith the disclosure of the annual report of 2023 and the quarterly report of 2024, a number of listed companies have been delisted by ST. But at the same time, there are also some * ST companies, ST companies (hereinafter collectively referred to as "ST companies") due to the improvement of fundamentals, apply to withdraw the risk warning, is expected to complete "star pick", "hat off".

As of May 11, more than 40 ST companies have applied to remove delisting risk warnings and other risk warnings, according to the Financial Associated Press. Among them. 12 * ST companies have applied for complete "star removal", 19 companies have applied to withdraw the delisting risk warning (star removal), and 11 companies have applied for the withdrawal of other risk warnings (cap removal).

Judging from the progress of applications, a total of 12 companies have approved the withdrawal of risk warnings so far this year. In addition to the recent application of ST Xigang, ST Quanzhu and ST Intercontinental which passed the application in January, the remaining 9 companies include * ST Rongtai (rights protection), * ST Mingcheng (rights protection), * ST Xinlian (rights protection), * ST Toyo (rights protection), * ST Caesar (rights protection), * ST Zhongjie, * ST bean god, * ST Guangtian, * ST Jinglan (rights protection) all passed the application in January this year, but did not complete the star extraction.

It is worth noting that nine companies once again applied for the withdrawal of risk warnings in March and April this year. In addition, among the companies that applied to revoke other risk warnings, ST Shengda voluntarily withdrew its application because of the revision of the listing rules.

According to the audit opinion, the audit opinion of 31 companies' 2023 annual report is "standard unqualified opinion", accounting for more than 70%, compared with 7 the previous year. The audit opinions of the five companies continued to be "standard unqualified opinions" in the past five years (2019-2023), including * St Huitian, * ST Western region, * ST Mogao, * ST and * ST Fuji. Although the net assets of the five companies changed from negative to positive in 2023, only the first two companies turned from losses to profits in 2023.

The number of companies with "unqualified opinions with emphasis" is 9, namely * ST Xifa (rights protection), * ST red phase (rights protection), * ST brand new, * ST eye medicine, * ST Meigu (rights protection), * ST Tianshan (rights protection), * ST Jiawo, ST Shengda (withdrawn), and ST Zhongjia.

The number of "reservation" companies fell to two, namely ST Tianyu (activist) and ST Shihua, the former continuing to make a profit from 2022 to 2023, while the latter continued to lose money.

In general, "standard unqualified opinion" is the most ideal type of audit opinion, which indicates that the company's financial reporting is of high quality and transparency. On the other hand, investors need to be vigilant when the audit opinions of financial statements are "unqualified opinions with emphasized items" and "qualified opinions".

From a fundamental point of view, the operating capacity of 42 companies has been greatly improved, with operating income exceeding 100 million yuan in 2023. 23 companies made profits in 2023, of which 21 companies reversed losses, 9 companies made a net profit of more than 1 billion yuan, and all their net assets returned to positive values in 2023. * ST Zhengbang's net profit reached 85% in 2023.FreetripleplayvideopokerThe company lost more than 32 billion yuan in the past two years, and its net assets in 2022 were-87.Freetripleplayvideopoker31 million yuan, nearly 10 billion yuan in 2023. * ST Zhengbang previously announced that the surge in performance was mainly due to the completion of the company's restructuring plan.

In terms of stock price performance, after applying for "star removal and hat removal", some companies showed a strong trend, and some "waiting guests" share prices took the lead to take off.

After applying for the withdrawal of the risk warning on April 30th, ST Zhongjia completed five consecutive boards at one point, up nearly 30 per cent so far.

On the other hand, the share price of * ST Mingcheng, which submitted its application on the same day, was more obvious first, with seven consecutive boards at one point since April 23. It hit a high on May 10 and fell back to close down 2.91%.

The share price is also led by * ST Huitian, which has risen by more than 50% since April 22, with a recent pullback. In addition, * ST West hair, * ST eye medicine, * ST Meigu and other stocks also showed a similar trend.

The statistics of Tianfeng Securities show that the profitability of the cap removal event is mainly concentrated before taking off the hat, and the sample shows a large negative relative return after taking off the hat. Therefore, the prediction and latency of stocks that may be uncapped is the key to the investment strategy of ST shares.

On the other hand, after the delisting risk warning was lifted, ST Quanzhu and ST Xigang rose by the daily limit on the day of renaming, but opened high and left low the next day. ST Quanzhu closed up 2.12% and St Xigang closed down 3.41%.

It can be seen that St shares "take off the star and take off the hat" is usually seen as a positive sign of the company's performance, which may have a positive impact on the company's share price and enhance investor confidence. However, investors still need to carefully analyze the company's financial situation, market prospects and industry conditions when making investment decisions, and should not be based solely on the event of "taking off the stars and taking off the hat".