Newsletter summary
Shenzhen Stock Exchange sent a letter of inquiry to Ruize, Hainan.Ctrps1Focus on the company's sustainable operating ability and liquidity risk, and require the company to explain the relevant situation.
Text of news flash
[Shenzhen Stock Exchange issued an annual report to Hainan Ruize (002596) focusing on the company's operating capacity and liquidity risk] the Shenzhen Stock Exchange recently raised a question on Hainan Ruize's 2023 annual report, requiring the company to explain whether there is significant uncertainty about its sustainable operating capacity. The Shenzhen Stock Exchange also asked Hainan Ruize to clarify whether the company has touched No. 9 of the Stock listing rules.Ctrps1.8.1 other risk warnings, as well as the basis and reasonableness of the company's annual report based on the continuing operation hypothesis. In addition, the Shenzhen Stock Exchange further requested Hainan Ruize to provide the improvement of the company's sustainable operating capacity in 2023, and to conduct an in-depth analysis of the liquidity risks that the company may face. This series of stringent requirements are designed to ensure that investors have access to sufficient and accurate information to make informed investment decisions. After receiving the inquiry from the Shenzhen Stock Exchange, Hainan Ruize must respond within the specified time and provide a detailed explanation of the relevant issues. The move by the Shenzhen Stock Exchange once again highlights the strict control by regulators over the quality of information disclosure of listed companies, aimed at maintaining the fairness, impartiality and transparency of the capital market. Investors are highly concerned about the operating status and financial health of Ruize in Hainan, and the inquiry of the Shenzhen Stock Exchange will undoubtedly provide more critical information for the market. After receiving the inquiry letter from Shenzhen Stock Exchange, Hainan Ruize has the responsibility to disclose relevant information to the market in a timely and accurate manner, so as to allay investors' doubts and maintain the company's reputation. The regulatory measures of the Shenzhen Stock Exchange reflect its comprehensive supervision of listed companies and the protection of the interests of investors. Hainan Ruize's response will further affect the market's view of the company, investors need to pay close attention to its follow-up developments.
