ST公司为什么要剔除

中文版

ST公司，即特别处理公司，通常是指那些在财务状况或其他方面存在问题的上市公司。这些公司因为连续亏损、净资产为负或其他违规行为，被证券交易所进行特别处理，股票名称前会加上“ST”的标识。对于投资者来说，ST公司往往伴随着较高的风险，因此，有些投资者会选择剔除这些公司，避免投资风险。

一、风险较高

ST公司往往因为连续亏损或净资产为负，其经营状况并不稳定，未来的发展前景也存在不确定性。此外，一些ST公司可能存在违规行为，如财务造假、信息披露不真实等，这些都会增加投资风险。因此，为了避免投资风险，一些投资者会选择剔除ST公司。

二、投资回报较低

由于ST公司的经营状况不稳定，其股价往往表现不佳，投资者很难从中获得较高的投资回报。而且，一些ST公司可能会因为连续亏损而被退市，这会导致投资者的投资损失。因此，从投资回报的角度来看，剔除ST公司也是一个明智的选择。

英文版

Why Are ST Companies Excluded?

ST companies, or specially treated companies, typically refer to listed companies with financial or other issues. Due to consecutive losses, negative net assets, or other violations, these companies are subject to special treatment by stock exchanges, and their stock names are prefixed with "ST". For investors, ST companies often carry higher risks, which is why some investors choose to exclude these companies to avoid investment risks.

I. High Risks

ST companies often have unstable operating conditions due to consecutive losses or negative net assets, and there is uncertainty about their future development prospects. Additionally, some ST companies may have violations such as financial fraud or inaccurate information disclosure, which can increase investment risks. Therefore, to avoid these risks, some investors choose to exclude ST companies.

II. Low Investment Returns

Due to the unstable operating conditions of ST companies, their stock prices often perform poorly, making it difficult for investors to obtain high returns on their investments. Moreover, some ST companies may be delisted due to consecutive losses, leading to investment losses for investors. Therefore, from the perspective of investment returns, excluding ST companies is also a wise choice.