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*ST Tianlong (300029.SZ): Submits Hearing Application to Shenzhen Stock Exchange
Gelonghui, May 15th: *ST Tianlong (300029.SZ) announced that the company has submitted a hearing application to the Shenzhen Stock Exchange within the prescribed deadline for applying for a hearing. If the company participates in the hearing but the Shenzhen Stock Exchange ultimately decides to delist the company, its shares will be terminated from listing. Investors are advised to be mindful of investment risks.
Tianlong (300029.SZ): Receives Prior Notice of Delisting
Gelonghui reported on May 7 that *ST Tianlong (300029.SZ) announced it had received a 'Prior Notice' issued by the Shenzhen Stock Exchange (referred to as 'SZSE'). On April 22, 2025, due to your company's audited net assets at the end of the 2024 fiscal year being negative, your company’s stock trading was subject to delisting risk warnings. On April 30, 2026, the first annual financial report following the implementation of the delisting risk warning showed that your company’s audited net assets at the end of the 2025 fiscal year remained negative, and the internal control over financial reporting received an adverse audit opinion. Your company has triggered the SZSE’s...
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ST Tianlong's revenue in 2025 reached 320 million yuan, increasing by 98.61% year-on-year, while its non-recurring net loss amounted to 18.49 million yuan, reflecting a year-on-year improvement of 31.71%.
The company's revenue for 2025 surged by 98.61% year-on-year to RMB 320 million, but its attributable net loss to shareholders still amounted to RMB 18.8824 million. The revenue focus has fully shifted to new energy (accounting for 95.44%), with Central China contributing 77.85% of total revenue, reflecting a highly concentrated regional and business structure. The asset-liability ratio exceeded 106%, and net assets have been negative for two consecutive years, triggering delisting standards.
*ST Tianlong: First Quarter Report for 2026
*ST Tianlong: 2025 Annual Report