In the "2023 Top Ten Blacklist Listed Companies" selection activity held by the "Public ** Daily", *ST Huayi (600290), which was rated as a blacklist company due to false records in the annual report, became the first A-share delisted stock in 2024, and the company's ** price for 20 consecutive trading days was lower than 1 yuan shares, touching the trading delisting index, *ST Huayi will stop listing and delisting on January 16, 2024, after the company has been suspended from December 26, 2023. Before the suspension, the company's stock price accumulated more than 65%, and when it was locked in and delisted, the company's stock price was only 0$37 shares.
At the beginning of the year, delisted stocks with par value will be queued up for delisting.
The reporter of "Volkswagen ** Daily" combed and found that there are still a number of companies in A-shares that have locked in the face value and delisted. Among them, *ST Oceanwide received the "Prior Notice" issued by the Shenzhen Stock Exchange on December 28, 2023, and the Shenzhen Stock Exchange pointed out that the company's ** daily ** price was lower than 1 yuan per share through the Shenzhen Stock Exchange trading system for 20 consecutive trading days from November 30, 2023 to December 27, 2023, touching the termination of listing, and the Shenzhen Stock Exchange intends to decide to terminate the listing of the company**. *ST Oceanwide has been suspended from market open on 28 December 2023.
ST Bolong touched the Listing Rules due to the fact that the ** price of ** was below $1 for 20 consecutive trading days from November 29 to December 26, 2023. The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of *ST Bolong**.
As of the 10th, the *ST Aidi ** price has been below 1 yuan for 13 consecutive trading days, because its 10-day ** price is only 053 yuan shares, therefore, the par value delisting is a foregone conclusion.
In addition, as of the 10th, the ST Hongda *** price was lower than 1 yuan share for 14 consecutive trading days, but its 10-day ** price was 079 yuan shares, the next 6 trading days in a row, it is still possible to return to above 1 yuan shares.
The value of shell resources has fallen sharply".
Since 2023, with the continuous promotion of the comprehensive registration system and the strict implementation of the new delisting regulations, the value of shell resources has dropped sharply, and the trend of shell speculation in the market has been significantly curbed.
For the domestic delisting system, Yinhe ** believes: "The delisting system started late in China, and an effective delisting system was established in 2001, and after more than 20 years of reform and improvement, the problem of 'difficult delisting' has been well solved. ”
The design of the '1 yuan delisting' rule can make those listed companies whose fundamentals continue to deteriorate through investors' voting with their feet to keep their stock prices below 1 yuan shares, and even for some companies with very low stock prices, they can lock in delisting in advance 20 trading days before helping investors make investment judgments in advance. Therefore, since 2023, 'RMB 1 delisting' has become an important means for A-shares to implement a market-oriented delisting mechanism. The open source ** small and medium-cap team expects that the number of listed companies that will be "delisted for 1 yuan" will gradually increase in the future.
In addition to the above-mentioned companies, the share price of ST Xinhai has been below the par value of 1 yuan for two consecutive days. *ST Xinhai not only faces the risk of delisting at face value, but the company may also be forced to delist due to material violations. Specifically, the company's annual reports from 2014 to 2019 and the semi-annual report of 2019 contained false records, and the company's actual net profit attributable to the parent company from 2016 to 2018 was negative.
In this regard, a researcher from the Open Source ** Research Institute said that the regulator has continuously strengthened the supervision of the disclosure of annual reports of delisting risk companies, and improper "shell" transactions or abnormal financial treatment have become the focus of delisting supervision.
Reporter Zhang Cao.