Disclosure Ratings of Listed Companies from 2022 to 2024: 47 Firms Including Huilong New Materials Rise Two Tiers, 52 Including Erdos and Asiacom Drop Two Tiers, Keda Manufacturing Falls Three Tiers

Deep News2025-11-05

The Shanghai and Shenzhen stock exchanges recently disclosed the 2024-2025 annual information disclosure evaluation results for listed companies. Data shows that among 5,095 listed companies assessed for the 2024 evaluation period (July 1, 2024, to June 30, 2025), 953 companies (18.70%) received an "A" (excellent) rating, 3,386 (66.46%) were rated "B" (good), 622 (12.21%) received a "C" (qualified), and 134 (2.63%) were rated "D" (fail).

**Year-on-Year Changes (2024 vs. 2023):** - **26 companies improved by two tiers**, including Longyuan Power, which rose from "C" to "A," and firms like Ganfeng Lithium, Haomei New Materials, and Jinguang Technology, which moved from "D" to "B." - **24 companies dropped two tiers**, such as Quanyin High-Tech, State Grid Information & Communication, Inner Mongolia Erdos Resources, and Zhongjin Gold, which fell from "A" to "C." Others, including Keda Industrial Group, *ST Baoying, and ST Changyuan, declined from "B" to "D."

**Two-Year Comparison (2024 vs. 2022):** - **47 companies climbed two tiers**, including Zhejiang Huilong New Materials, Jintuo Technology, Sichuan Changhong, 360 Security Technology, and Dongwei Technology, which advanced from "C" to "A." Another group, including Aolian Electronics, Hongmian, and Jinzi Ham, rose from "D" to "B." - **52 companies dropped two tiers**, while **Keda Industrial Group saw the steepest decline—falling three tiers from "A" in 2022 to "D" in 2024.** Other notable downgrades included Beijing Asiacom Information Technology, Zhongjian Technology, and Pingmei Shenma Group, which fell from "B" to "D."

**Trends Over 2022-2024:** - **18 companies improved for two consecutive years**, such as Zhejiang Huilong New Materials and Jintuo Technology (from "C" to "A"), and Ankong Technology and Hailunzhe (from "D" to "B"). - **26 companies declined for two straight years**, led by Keda Industrial Group (from "A" to "D"). Others, including Beijing Asiacom Information Technology and Zhongjian Technology, dropped from "A" to "C," while *ST Aowei and *ST Dongtong fell from "B" to "D."

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