40 consecutive down limits! Delisted, suspended today! The alarm sounded, and many penny stocks rushed to save themselves

Securities Times E Company

2024-07-02 08:39The official account of "Company E" under Securities Times

Under the shadow of delisting at par value, penny stocks have accelerated their downward spiral, and some companies are facing delisting.

ST Changkang (002435) announced on the evening of July 1 that as of July 1, 2024, the closing price of the company's shares has been lower than 1 yuan for 20 consecutive trading days, and the company's shares will be terminated from listing and trading on the Shenzhen Stock Exchange. Trading in the Company's shares will be suspended from the market open on Tuesday, July 2, 2024.

40 consecutive down limits! Delisted, suspended today! The alarm sounded, and many penny stocks rushed to save themselves

At the same time, on the evening of July 1, *ST Zhongrun (000506) and *ST Jiyao (300108) both announced that for the first time, the closing price of the stock was less than 1 yuan, and there was a risk of terminating the listing. In addition, there are also penny stocks that have made every effort to save themselves by increasing their holdings and buybacks.

In addition, it is worth noting that the market value of more than 26 billion yuan of Yongtai Energy's share price is also approaching 1 yuan, on the evening of July 1, Yongtai Energy announced that it intends to repurchase the company's shares with 150 million yuan to 300 million yuan.

Facing delisting at face value

ST Changkang, which has been below 1 yuan for 20 consecutive trading days, will be terminated from listing and trading on the Shenzhen Stock Exchange.

According to public information, ST Changkang is mainly engaged in the research and development, production and sales of pharmaceutical products, providing specialized medical services in obstetrics and gynecology, as well as the sales of mechanical products such as elevator guide rails. The company's various industries are independently operated by its subsidiaries, and its production and operation are mainly distributed in Zhangjiagang, Haikou, Shanghai, Zhengzhou, Shandong and other places.

Looking back, ST Changkang was issued a negative opinion due to the occupation of controlling shareholders' funds, illegal guarantees and internal control audit reports, and ST Changkang was subject to other risk warnings. After the resumption of trading on May 6, ST Changkang started the road of continuous falling limit, and as of July 1, it has fallen for 40 consecutive trading days until the final face value is delisted.

At the same time, *ST Zhongrun and *ST Jiyao are both facing the danger of delisting at face value.

*ST Zhongrun announced that the closing price of the company's shares on July 1, 2024 was 0.96 yuan, which was lower than 1 yuan for the first time. According to the stock listing rules of the Shenzhen Stock Exchange, if the daily closing price is lower than 1 yuan for 20 consecutive trading days, the company's shares will be terminated from listing. The company has issued the first termination of the listing risk warning announcement, reminding investors to pay attention to investment risks. The board of directors and management of the company will pay close attention to the stock price trend and fulfill the information disclosure obligation in a timely manner.

The pressure on the stock price stems from the pressure on performance. Since 2021, *ST Zhongrun has had negative net profit before and after deducting non-recurring gains and losses for three consecutive fiscal years, and Lixin Certified Public Accountants has issued an audit report on the company in 2023 with a paragraph of material uncertainty about continuing operations, and an internal control audit report that cannot express an opinion, and *ST Zhongrun's stock trading has touched the delisting risk warning and other risk warning situations.

In addition, *ST Zhongrun announced in May this year that due to the freezing of the main bank accounts, the company's stock trading was superimposed with other risk warnings.

*ST Jiyao, which is also in a bad situation, announced on the evening of July 1 that the closing price of the company's shares on July 1 was 0.93 yuan, the first time that the closing price of the stock was lower than 1 yuan. If the closing price of the company's shares is lower than 1 yuan for 20 consecutive trading days, the company's shares are at risk of being terminated.

It is worth noting that *ST Jiyao had a closing price of less than 1 yuan for the first time on June 27. *ST Jiyao announced on the evening of the same day that Ren Wenan, chairman of the board of supervisors of the company, and Zhang Liyun, supervisor, plan to increase their holdings of the company's shares within 3 months, with a total increase of not less than 4 million yuan and no more than 7 million yuan. On June 27, Ren Wenan and Zhang Liyun have respectively increased their holdings of 500,000 shares of the company in the secondary market, which are not included in the shareholding increase plan. On June 28, *ST Jiyao closed with a daily limit, and the stock price returned to above the face value of 1 yuan, closing at 1.02 yuan.

After a brief rise in one trading day, *ST Jiyao fell sharply on July 1, and the stock price fell below the face value of 1 yuan again.

Take multiple measures to save yourself

From the observation of the market trend, the current one-yuan stocks have increased significantly, the two-yuan stocks are rapidly moving closer to the one-yuan stocks, and the three-yuan stocks are magnetically attracted into two-yuan stocks. In the face of the "1 yuan delisting" rule, once the company's stock price falls to a low level of 2 yuan, it is easy to cause panic and lead to "irrational killing" in the market. Judging from the current market situation, there are not a few stocks on the verge of delisting at face value. Since the beginning of this year, 20 A-share listed companies have completed delisting, of which the proportion of companies that triggered the delisting at par value is not small.

In view of this, some penny stocks have gone all out to save themselves.

On the evening of July 1, Yongtai Energy announced that it intends to repurchase the company's shares with 150 million yuan to 300 million yuan, and the repurchase price does not exceed 189 million yuan.

From the point of view of the purpose of the repurchase, Yongtai Energy said that it is based on the confidence in the company's future development and the high recognition of the company's value, in order to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's employees, improve cohesion, effectively combine the interests of shareholders, the company and the interests of employees, promote the company's stable, healthy and sustainable development, enhance the confidence of public investors in the company, promote the reasonable return of the company's stock value, and effectively protect the legitimate rights and interests of all shareholders. Decisions made in combination with factors such as the company's operating conditions and financial situation.

Shortly before that, Yongtai Energy released an announcement on the expected increase in interim results in 2024, and the company expects to achieve a net profit of 1.16 billion to 1.26 billion yuan in the first half of 2024, a year-on-year increase of 14.54% to 24.41%. For the expected increase in performance, Yongtai Energy said that it was mainly due to the year-on-year increase in power generation capacity of the power business, the year-on-year decline in thermal coal procurement costs, and the good profit margin of the coal business during the reporting period. In the secondary market, Yongtai Energy's share price has recently approached the "1 yuan warning line". As of July 1, the closing price was 1.18 yuan, and the latest total market value was 26.2 billion yuan.

The situation is similar to Pingtan Development (000592), announced on the evening of June 30 that the company intends to repurchase shares with 80 million yuan to 160 million yuan to maintain the company's value and shareholders' equity, and the repurchase price does not exceed 2.52 yuan. As of July 1, the closing price was 1.39 yuan, and the latest total market value was 2.685 billion yuan.

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