On the evening of August 27, ST Jinglan and ST Weihai simultaneously announced the removal of their other risk warnings. Trading will be suspended for one day on August 28 and resume on August 31, with their abbreviations changed to Jinglan Technology and Weihai Corporation respectively. The risk warnings for both companies stemmed from historical financial irregularities and internal control issues. ST Jinglan was placed under risk warning due to false records in its 2020 annual report and uncertainty over its ability to continue as a going concern, and has now completed rectification. ST Weihai had long been under risk warning due to issues such as irregular guarantees and capital occupation, and has now completed retrospective restatement of its financial statements. The latest semi-annual report shows that ST Jinglan's first-half revenue was 445 million yuan, up 98.07 percent year on year, with net profit attributable to the parent company of 74 million yuan, up 213.11 percent year on year. ST Weihai's revenue was 612 million yuan, down 26.26 percent year on year, with net profit attributable to the parent company of 7.44 million yuan, down 10.6 percent year on year. In the secondary market, ST Jinglan's maximum gain this year reached 315 percent, while ST Weihai's maximum gain since May 2024 reached 333.88 percent.
HeiLongJiang Kingland Technology Co LtdRemoval of risk warning due to rectification of financial irregularities
Zhejiang Reclaim Construction Group Co LtdRemoval of risk warning after completing retrospective restatement
