8 consecutive daily limits! 600599, latest announcement: suspension for verification starting tomorrow!

MaticHoleFiller · 2026-03-25T07:18:16+00:00

*ST Panda will enter trading halt for inspection on March 20, with an expected duration not exceeding 5 trading days. The company's self-inspection indicates normal operations with no undisclosed material matters. Due to negative internal control audit opinions, the stock faces risk warnings, with remediation efforts ongoing.

MaticHoleFiller

2026-03-25 07:18:16

Abstract generation in progress

When it comes to stock trading, rely on Golden Kylin Analyst Reports—authoritative, professional, timely, comprehensive—helping you discover potential thematic opportunities!

After hitting the eighth consecutive limit-up, *ST Panda (rights protection) (600599) will suspend trading for inspection starting March 20, with an expected suspension period of no more than five trading days.

*ST Panda stated that, after self-examination, as of the announcement disclosure date, the company’s production and operation activities are normal, and there have been no significant changes in the internal or external business environment. The company has no undisclosed matters that should be disclosed.

Since March, *ST Panda’s stock price has shown a “V” shape, falling limit-down for five consecutive trading days, then hitting the limit-up for eight consecutive days. Over 13 trading days, *ST Panda’s total transaction volume was only 163 million yuan, and the sources of funds trading *ST Panda are highly dispersed. During the three trading days from March 13 to 17, the top buying seat at the Yejia Securities trading desk on Aidan Road in Yanji only bought 1.0495 million yuan.

Currently, *ST Panda remains in a “shell protection” stage with an unclear outcome.

Because *ST Panda’s 2024 internal control received a negative opinion in the audit report, the company’s stock continues to be subject to other risk warnings.

LianDa, the accounting firm for *ST Panda’s financial statements, recently clarified that as of the date of this reply, based on the audit evidence collected so far, there has been no substantial progress in resolving previous non-standard issues. “The matters related to the previous internal control negative opinion are still under rectification; additionally, the company is also working on rectifying internal control deficiencies related to the capital increase and reduction in the subsidiary Guangzhou Panda Internet Microloan Co., Ltd., and related-party withdrawal of shares, as well as related-party transactions and information disclosure issues,” LianDa stated.

Meanwhile, due to suspected illegal disclosure of information, the China Securities Regulatory Commission has decided to file a case against *ST Panda on December 30, 2025.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.