*ST Huawei Issues Fourth Delisting Risk Warning as Shareholders Launch Claims Over Prior Information Disclosure Violations

How does AI · delisting risk affect the development of a company’s semiconductor business?

Radar Finance Text | Feng Xiuyu Editor | Li Yihui

On March 20, *ST Huawi (Stock Code: 600360) issued its fourth risk warning announcement regarding the possible delisting of the company’s stock. The announcement shows that due to the 2024 financial accounting report being issued with an audit opinion of “unable to express an opinion,” according to the relevant provisions of the Shanghai Stock Exchange Stock Listing Rules, the company’s stock will be subject to delisting risk warning starting from May 6, 2025, and will continue to be under other risk warnings.

If the company still does not meet the conditions to apply for the removal of the delisting warning in 2025, or fails to apply for removal within the specified period, its stock will face the risk of being delisted.

Currently, Zhongxing Huayi Certified Public Accountants has been engaged to conduct the 2025 audit, and the audit work is progressing in an orderly manner. In addition, the company’s production and operation activities are normal, and it will continue to fulfill its information disclosure obligations.

It is worth noting that *ST Huawi is currently facing shareholder claims due to violations of information disclosure laws.

In this regard, Lawyer Zhang Yanwei, director of Shanghai Renying Law Firm, told Radar Finance that according to the Securities Law and related regulations, if listed companies’ misconduct causes losses to investors, the affected investors can claim compensation according to law. Investors who bought *ST Huawi shares between April 23, 2016, and April 29, 2024, and held them as of the close on April 29, 2024, can register through the public account “LeiZhuBa” (LeiZhu Code: 88) to participate in free compensation claims. There are no fees before receiving compensation.

Tianyancha data shows that *ST Huawi was established on October 21, 1999, with a registered capital of 960.295304 million RMB. The legal representative is Yu Shengdong, and the registered address is No. 99, Shenzhen Street, High-tech Zone, Jilin City. Its main business involves the design, processing, packaging, testing, and marketing of power semiconductor chips.

Currently, the company’s chairman is Yu Shengdong, the secretary of the board is Li Juanjuan, with 2,637 employees. The actual controller is the State-owned Assets Supervision and Administration Commission of Jilin Province.

The company has stakes in six subsidiaries, including Hong Kong Huaruida Technology Co., Ltd., Jilin Maijike Semiconductor Co., Ltd., Jilin Huwei Spark Electric Co., Ltd., Shenzhen Spark Electric Motor Co., Ltd., Shenzhen Jihua Microelectronics Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 1.953 billion yuan, 1.742 billion yuan, and 2.058 billion yuan, respectively, with year-on-year changes of -11.62%, -10.82%, and +18.13%. Net profit attributable to the parent was 57.75 million yuan, 36.87 million yuan, and 128 million yuan, with year-on-year growth of -50.09%, -36.16%, and +246.45%. During the same period, the company’s asset-liability ratio was 52.99%, 51.11%, and 47.45%.

Regarding risks, Tianyancha information shows the company has 238 internal Tianyan risks, 40 surrounding risks, 136 historical risks, and 131 warning alert risks.