1On April 22, 1998, the Shanghai and Shenzhen Stock Exchanges announced that according to the Stock Listing Rules implemented by 1998, the stock trading of listed companies with abnormal financial status or other circumstances will be subject to special treatment.

Don't deal with it, because the English word for "special treatment" is "ST", so these stocks are called ST shares for short.

Abnormal financial situation refers to:

1, and the audit results of the last two fiscal years show that the net profit is negative;

2. The audit results of the latest fiscal year show that the shareholders' equity is lower than the registered capital, that is, the net assets per share are lower than the face value of the stock;

3. Certified public accountants issue audit reports that cannot express opinions or negative opinions on the financial reports of the latest fiscal year;

4. The audited shareholders' equity in the latest fiscal year, after deducting the part that has not been confirmed by certified public accountants and relevant departments, is less than the registered capital;

5. The latest audited financial report adjusted the profit of the previous year, resulting in losses for two consecutive fiscal years;

6. It is determined by the Exchange or China Securities Regulatory Commission that the financial situation is abnormal.

Other anomalies refer to:

1, due to natural disasters, major accidents and other reasons. The main business facilities of listed companies suffered losses, and the company's production and business activities were basically suspended and could not be resumed within three months;

2. If the company is involved in litigation or arbitration cases that are liable for compensation, according to the legal documents of the court or arbitration institution, the compensation amount exceeds 50% of the latest audited net asset value of the listed company;

3. The company's main bank accounts are frozen, which affects the normal business activities of listed companies;

4. There are other abnormal situations in the company, and the board of directors considers it necessary to implement special treatment for stock trading;

5. When the people's court accepts the bankruptcy case of a company, it may declare the listed company bankrupt according to law;

6. The board of directors of the company cannot hold a meeting normally and form a resolution of the board of directors;

7. The company's main debtor is declared bankrupt by the court, but the company's corresponding creditor's rights have not been fully accrued for bad debts, and the company faces major financial risks;

8. Other circumstances identified as abnormal by the China Securities Regulatory Commission or the Exchange.

During the period when the stock trading of a listed company is specially handled, its stock trading shall follow the following rules:

(1) The daily increase and decrease of stock quotation shall be limited to 5%;

(2) Add "ST" before changing the stock name to the original stock name, such as "ST Yinguangxia (000557)";

(3) The interim reports of listed companies must be audited.

2. The abbreviation of Seagate, the world's largest hard disk manufacturer.

Seagate, founded in 1979, is the first company to manufacture 5.25-inch hard disks for desktop computers. Although Seagate seemed to be only a small step at that time, in fact, the appearance of Seagate's hard disk promoted the transformation of the entire PC industry, and the world has changed greatly since then. Suddenly, people can access data quickly and conveniently in an unprecedented way, get a lot of information, and finally promote the development of many things such as the Internet. The prospect of the whole computer has changed greatly, so that computers and digital information have become a part of our daily life today. In the past 25 years, Seagate has been developing technology and manufacturing products, making all this a reality.

The world we know today is based on information. Whenever you surf the Internet, press "Send", conduct online stock trading, use ATMs, watch TV or even enjoy Hollywood movies with computer special effects, you are creating, acquiring and/or sharing a lot of digital information. This is the storage technology and the core of Seagate's career, making all dreams come true.

"extreme sports" in the technical field

As the world's largest manufacturer of hard disks, magnetic disks and read-write heads, Seagate is at the center of the information world. Throughout history, Seagate has successfully relied on the vertical integration strategy-designing, developing and applying the core technologies of storage products, rather than simply relying on other suppliers. This is not easy, because manufacturing storage hard disks is recognized as an "extreme sport" in the technical field, which requires many professional knowledge such as physics, wear, aerodynamics, fluid mechanics, information theory, magnetism, processing technology and so on. This is why Seagate has the best brains in the technical field to ensure that the company is always in the leading position. At the same time, Seagate's technological advantages enable it to produce the highest performance hard disk in the industry.

With these technical expertise, Seagate can continuously introduce more easy-to-use serial interfaces, higher magnetic recording density, brand-new platforms and advanced products in size and shape to meet the endless storage needs of the market in terms of application scope and large capacity.

Looking back on the past achievements, Seagate has made a vision for the next few years. Seagate has the technology and resources to develop these future technologies, from laptops and Internet phones to intelligent storage that can know when you need what information, to home networks that can provide entertainment, education and services on demand. Seagate is committed to developing new solutions and technologies in data storage, and promoted the storage technology to an unimaginable height when the company was founded more than 20 years ago.

Strategic vision

Seagate's greatest advantage lies in its ability to quickly and accurately respond to changes in the industry. Seagate attributed its success to its perfect business strategy and unique advantages in technical competition, which provided flexibility to meet the rapidly growing storage demand in the world.

Developing business based on these beliefs has enabled Seagate to successfully combine talents with a broad technical base and continuously strengthen its leading position. Seagate is a visionary and innovative company, and it is also one of the companies with the largest R&D investment in the storage industry today.

product

The key to Seagate's success lies in the continuous development of advanced hard disk products. Is 1 inch, 2.5-inch, 3-inch and other different sizes and specifications of domestic and foreign products in the field of market leaders. The storage capacity of products ranges from 2.5GD to 500GB, and their applications range from price-sensitive desktop computers, consumer electronic products (from handheld devices to home audio-visual devices), portable storage, notebook computers, enterprise network servers, etc.

Magnetic heads and rotating recording media are very important for advanced storage devices. Seagate is very strong in this field and can produce almost all the main components by itself. Seagate's recording head department produces and sells advanced hard disk and tape read/write heads, and is considered as the largest supplier of magnetic recording heads in the world.

Production and manufacturing plants

Seagate International Technology has R&D and manufacturing facilities in Silicon Valley, California, Pittsburgh, Pennsylvania, Longmore, Colorado, Bloomington and Shakopi, Minnesota, Northern Ireland and Singapore. Production and customer service departments are located in California, Colorado, Minnesota, Oklahoma, Northern Ireland, China, Indonesia, Malaysia, Singapore and Thailand.