Guo Ruiming, director of the Securities Regulatory Commission's listed company supervision department, said that according to estimates, the number of companies in the Shanghai and Shenzhen markets applying the combined financial indicators next year is expected to be around 30; there are about 100 companies that may touch this indicator and implement delisting risk warnings next year. These companies still have more than a year and a half to improve operations and quality, and will not meet the standards until the end of 2025. In terms of market capitalization indicators, only 4 main board companies currently have market capitalization below 500 million yuan in the Shanghai and Shenzhen markets, and none of the companies on the Science and Technology Innovation Board or GEM are close to the market capitalization delisting target of 300 million yuan.