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Since 2020, Zhiyun Co., Ltd. has gradually grown after acquiring Shenzhen Jiutian Zhongchuang Automation Equipment Co., Ltd., but all this has been returned to its original shape because of false confirmation of sales revenue. In the financial report of 2022, Jiutian Zhongchuang falsely confirmed the sales revenue with Jiangxi Mizan Technology Co., Ltd., which seriously affected the authenticity of Zhiyun's annual report. This dramatic turn has caught many optimistic investors off guard.Further, Tianrui Instruments, which was also recently ST, also experienced a significant decline after its resumption of trading, because of the false record of financial indicators. There are indications that the risk brought by ST is not isolated, but a universal market phenomenon.Today, with the ups and downs of the A-share market, the sudden ST of Zhiyun shares has aroused widespread concern among investors. The stock of this technology company has been subject to other risk warnings since December 12, because the company has false records in its 2022 annual report. As soon as the news came out, it directly fell to the limit on the day of resumption of trading, with a drop of 20%. This incident is not only amazing, but also leads to deeper thinking on ST stock.

Zhiyun shares: due to financial fraud, it was suspended by ST and resumed trading.Tianrui Instrument: Also affected by financial problems, it dropped significantly after the resumption of trading.Investment is risky, especially in the ever-changing capital market, which may face sudden risks at any time. Only by establishing a good investment mentality and choosing carefully can we move forward steadily.

Further, Tianrui Instruments, which was also recently ST, also experienced a significant decline after its resumption of trading, because of the false record of financial indicators. There are indications that the risk brought by ST is not isolated, but a universal market phenomenon.Investment is risky, especially in the ever-changing capital market, which may face sudden risks at any time. Only by establishing a good investment mentality and choosing carefully can we move forward steadily.*ST Zhuo Lang: Touching a major violation of the law, facing mandatory delisting.