At the beginning of 2024, the first A-share delisting stock surfaced.
On the evening of January 9, *ST Huayi (**600290) announced that the Shanghai Stock Exchange decided to terminate the company's listing. The company** will terminate its listing and delisting on January 16.
An established wind power enterprise
The curtain call is about to come to an end
On the evening of January 9, *ST Huayi announced that the company received the "Decision on the Termination of the Listing of Huayi Electric Shares" from the Shanghai Stock Exchange on January 9, 2024, and the Shanghai Stock Exchange decided to terminate the company's listing. The company** will not enter the delisting period and will terminate its listing and delisting on January 16, 2024.
ST Huayi has locked in the face value and delisted at the end of last year.
According to the data, *ST Huayi has been suspended since December 26, 2023, and the stock price was 037 yuan shares, with a market capitalization of 2$8.1 billion. From November 28, 2023 to December 25, 2023, the ** price of *ST Huayi was lower than 1 yuan for 20 consecutive trading days, which touched the conditions for termination of listing, which is a transactional forced delisting.
After deliberation by the Listing Review Committee of the Shanghai ** Stock Exchange, it was decided to terminate its ** listing. Trading companies that are compulsorily delisted** will not enter the delisting period for trading.
According to public information, *ST Huayi is a core subsidiary of Huayi Group, which was listed in February 2007, mainly focusing on the two main businesses of power transmission and distribution and wind power, and developing international **, engineering general contracting and other businesses related to the main business, and is a veteran wind power enterprise.
During the bull market in 2015, the company's market value was as high as more than 15 billion yuan. As of September 30, 2023, *ST Huayi has a total of 2350,000 shareholders.
False financial statements for 6 consecutive years
*stHuayi has a lot of problems
It is worth noting that in addition to the delisting at face value, the problematic *ST Huayi may have previously been delisted in the financial category and forced delisting in major violations.
ST Huayi previously announced that due to the negative audited net assets at the end of the period in 2022, the company's ** will be subject to a delisting risk alert from May 4, 2023. As of September 30, 2023, the company's net assets attributable to the parent company were -21.3 billion yuan. If the relevant situation fails to improve, the company's 2023 annual report will hit the financial delisting index, and the company** will face termination of listing.
In November 2023, *ST Huayi received the "Advance Notice of Administrative Punishment" from the Zhejiang Securities Regulatory Bureau, and the company's annual reports from 2017 to 2022 contained false records, and after calculation and adjustment, the company's net profit attributable to the parent company from 2016 to 2019 was negative, which may touch the situation of forced delisting of major violations, and the company may be forced to delist due to major violations.
In addition, *ST Huayi is also entangled in multiple lawsuits, and some of the company's equity in subsidiaries has been frozen. According to the previous announcement, as of December 22, 2023, the balance of funds occupied by *ST Huayi Group (the original controlling shareholder of *ST Huayi) and its affiliates was 193.4 billion yuan, and the balance of illegal guarantees is 1$8.1 billion.
According to the relevant regulations, *ST Huayi shall, after the listing of ** is terminated, immediately arrange for the transfer of ** to the national small and medium-sized enterprise share transfer system for listing and transfer, so as to ensure that the company can be listed and transferred within 45 trading days from the date of delisting.
A number of companies are at risk of delisting
2023 is the "first year" of the full registration system, and the number of delisted companies will continue to grow as the registration system continues to advance. Among them, "1 yuan delisting" has become an important means for A-shares to implement the market-oriented delisting mechanism.
Recently, a number of listed companies have successively issued announcements that the company's listing may be terminated, reminding investors to invest rationally and pay attention to investment risks.
As of January 9, the share price of ST Hongda and ST Xinhai in the A** field has been lower than 1 yuan, sounding the delisting alarm.
On January 9, *ST Eddie announced that the company's price has been below 1 yuan for 12 consecutive trading days. According to the relevant regulations, if the company's price is lower than 1 yuan for 20 consecutive trading days, the company will be terminated by the Shenzhen Exchange.
On the same day, ST Hongda issued an announcement saying that the company and the actual controller were investigated by the China Securities Regulatory Commission on suspicion of illegal information disclosure, and the company may have the risk of being forced to delist due to major violations. In addition, as of January 9, 2024, the company's *** price has been below 1 yuan for 13 consecutive trading days. According to the relevant regulations, if the company's price is lower than 1 yuan for 20 consecutive trading days, the company will be terminated by the Shenzhen Exchange.
On January 4, *ST Xinhai also announced that the company and the company's actual controller Zhang Yibin were investigated by the China Securities Regulatory Commission on suspicion of illegal information disclosure. On January 16, 2023, the company received the "Prior Notice of Administrative Penalty and Market Prohibition" issued by the China Securities Regulatory Commission, and the company may be subject to major violations of the law and forced delisting. 
Business Daily reporter Fang Wei.
Announcements of some comprehensive listed companies and China's ** newspaper.
Duty Editor: Shi Zhuoni.
Review: **Shi Ying, Wu Wei.