Another A-share company has touched the par value delisting condition, this company is *ST Huatie, and the closing price of the company's shares has been below 1 yuan for 20 consecutive trading days.
Recently, there are still a lot of delistings at face value, and new faces have also appeared in the camp of stocks below 1 yuan, and stocks such as ST Xudian and Shanzi Hi-Tech have also begun to fall below 1 yuan recently.
*ST Huatie touches the par value delisting conditions: trading will be suspended from tomorrow
On the evening of July 25, *ST Huatie announced that on July 25, 2024, the closing price of the company's shares has been lower than 1 yuan for 20 consecutive trading days, and in accordance with the provisions of Article 9.2.1, Paragraph 1 (4) of the Shenzhen Stock Exchange Stock Listing Rules (2024 Revision) (hereinafter referred to as the "Listing Rules"), companies that only issue A shares or B shares on the Shenzhen Stock Exchange (hereinafter referred to as the "Shenzhen Stock Exchange") If the daily closing price of the stock is lower than 1 yuan for 20 consecutive trading days through the Shenzhen Stock Exchange trading system, the Shenzhen Stock Exchange will terminate the listing and trading of its shares.
It is worth noting that, according to Rule 9.1.15 of the Listing Rules, if the listing of the company's shares is terminated due to the mandatory delisting of trading classes, the company's shares will not enter the delisting period.
Pursuant to Rule 9.2.6 of the Listing Rules, trading in the Company's shares will be suspended from the market open on Friday, 26 July 2024 (i.e. tomorrow).
*ST Huatie's stock price has continued to fall recently, and it fell again on July 25, with the latest stock price of 0.41 yuan. The company's stock price has fallen by more than 70% since the beginning of this year. According to Wind data, the company's stock price has fallen by more than 97% from its all-time high.
*Before the implementation of the risk warning, ST Huatie's securities were referred to as Huatie shares. According to the official website of China Railway Co., Ltd., Huatie Co., Ltd. is a global rail transit parts manufacturing enterprise and one of the important suppliers of core components of China's rail transit vehicles, and is committed to "building a large platform for rail transit parts industry" on a global scale. At present, the main business scope of Huatie Co., Ltd. covers the research and development, production, sales and service of more than 10 kinds of products in various categories, such as water supply and drainage and sanitation systems of rail transit vehicles, auxiliary electrical systems, body and vehicle end connection systems, air conditioning systems, braking systems, in-vehicle facilities, large-scale road maintenance machinery, etc., and is an important supplier of China Railway Group and CRRC.
On the evening of July 23, *ST Huatie announced that as of the date of the announcement, the company's overdue debts and debts notified by financial institutions to mature in advance totaled about 1.391 billion yuan, accounting for 45.06% of the company's latest audited net assets; Among them, the amount of debts notified by financial institutions to mature in advance totaled 1.235 billion yuan, accounting for 40.01% of the company's latest audited net assets. As of the disclosure date of the announcement, the company's overdue guarantee amount totaled about 618 million yuan, accounting for 20.03% of the company's latest audited net assets.
*ST Huatie recently announced that the company was still unable to disclose the 2023 annual report within two months of the suspension of trading, and the company's stock trading has been delisted by the Shenzhen Stock Exchange since the market opened on July 9, 2024. In addition, due to the occupation of non-operating funds by the controlling shareholder and other related parties, the company's internal control audit report in 2022 was issued a negative opinion, and the company's shares have been put on other risk warnings by the Shenzhen Stock Exchange from May 5, 2023. On May 10, 2024, the company received the Administrative Penalty Decision ([2024] No. 11) issued by the Guangdong Supervision Bureau of the China Securities Regulatory Commission, according to the content of the Administrative Penalty Decision and in accordance with the provisions of Article 9.8.1 (8) of the Stock Listing Rules of the Shenzhen Stock Exchange, the company's shares were superimposed with other risk warnings.
In recent years, the number of shareholders of the company has exceeded 30,000 for a long time, and as of the end of 2023, the number of shareholders is 37,200.
Recently, there are still many delistings at face value, and the stock price of some companies has fallen below 1 yuan
There are still a lot of delistings in face value recently.
For example, not long ago, *ST Tiancheng announced that as of July 19, 2024, the closing price of the company's shares was 0.73 yuan per share, which has been lower than 1 yuan for 20 consecutive trading days, and has touched the trading delisting index stipulated in the "Shanghai Stock Exchange Stock Listing Rules". On the evening of July 21, *ST Tiancheng announced that it received the "Prior Notice on the Proposed Termination of the Listing of Guizhou Long March Tiancheng Holding Co., Ltd." issued by the Shanghai Stock Exchange on July 21, 2024.
According to the data, the full name of ST Tiancheng's company is Guizhou Long March Tiancheng Holding Co., Ltd., and according to the 2023 annual report, the company's business includes electrical equipment manufacturing and other businesses. Among them, in the electrical equipment manufacturing industry, we provide complete solutions according to the different needs of customers, and mainly promote 12kV environmentally friendly gas-insulated ring main units that meet the national environmental protection requirements to power grid customers; 40.5kV ring main unit and C-GIS products are mainly positioned in rail transit, power generation and distribution sites and wind and solar energy storage in the field of new energy; Conventional switch complete sets of equipment products continue to obtain orders for highway power distribution equipment with the characteristics of stable quality, good performance and high-quality service.
Guanghui Automobile also recently announced that the company received the "Prior Notice on the Proposed Termination of the Listing of Shares and Convertible Corporate Bonds of Guanghui Automobile Service Group Co., Ltd." issued by the Shanghai Stock Exchange on July 21, 2024, because from June 20, 2024 to July 17, 2024, the daily stock closing price of the company's shares for 20 consecutive trading days was less than 1 yuan, according to the "Shanghai Stock Exchange Stock Listing Rules (Revised in April 2024)", The company's shares and convertible corporate bonds have reached the conditions for termination of listing.
According to the official website of Guanghui Automobile, Guanghui Automobile is a leading passenger car dealership and service group in China, the largest luxury passenger car dealership and service group in China, a leading second-hand car dealership and trading agency service entity group in China, and the largest financial leasing provider among passenger car dealers. The company has an industry-leading business scale and outstanding innovation capabilities, and is a leading enterprise in China's passenger car distribution and service industry.
In addition, ST Xudian, Shanzi Hi-Tech and other stocks have also begun to fall below 1 yuan recently, and if the duration of the trading day below 1 yuan is longer, they will also face a certain face value delisting risk.
Editor-in-charge: Zhu Yumeng
Proofreading: Zhu Tianting
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