①Caijing Network has compiled a list of listed companies with a total market capitalization of less than 500 million yuan as of the close of trading today. ②Today, Chongqing Jianshe Vehicle System once again closed at the limit down, with a closing price of HKD 1.68/share. Even if it rises for three consecutive days in the following three trading days, its total market value cannot reach more than 300 million yuan.
Following the 'face value retreat', 'market value retreat' will also become a major weapon to promote market competition. With the closing market value of Chongqing Jianshe Vehicle System (JianCheB) being below 300 million yuan for 17 consecutive trading days, it has become the first stock to retreat from market value with no suspense.
After the market closed today, JianCheB issued its ninth risk warning announcement, stating that according to Article 9.2.1(7) of the Shenzhen Stock Exchange Listing Rules, if the closing market value of a company that only issues B shares on the Shenzhen Stock Exchange is below 300 million yuan for 20 consecutive trading days, its stock will be terminated and listed for trade. According to the closing market rate of 100 Hong Kong dollars to 91.037 yuan against the exchange rate published by the State Administration of Foreign Exchange on June 7, 2024, calculated by the SZSE composite index, the closing market value of the company's stock as of June 11, 2024 was 183 million yuan. The stock has been on the market for 17 consecutive trading days with a daily closing market value below 300 million yuan, and there is a risk of being delisted due to a market value below 300 million yuan for its shares.
Looking at the stock price performance, JianCheB once again closed at a daily price limit of HKD1.68 per share today. Even if the stock rose by the daily limit for the following three trading days, the company's total market value would still not exceed 300 million yuan, and the delisting of its stock is inevitable. It is noteworthy that the stock will also become the first stock to retreat from the market due to market capitalization.
In addition to JianCheB, many listed companies in the market are facing the risk of de-listing due to market value retreat.
On the A-share side, Shenzhen Universe Technology (*STShenTian) and Gome Telecom Equipment (*STMeiXun) all issued delisting risk warning announcements due to a market value below 300 million yuan on **** and 5th, stating that if the total market value of their shares closes below 300 million yuan for 20 consecutive trading days, they may be delisted due to compulsory delisting conditions for traded stocks.
On the B-share side, Shanghai Huili Building Materials (HuiLiB) and Nanjing Putian Telecommunications (NingTongXinB) both issued delisting risk warning notices due to a market value below 300 million yuan on June 3rd and 6th, stating that if the total market value of their shares closes below 300 million yuan for 20 consecutive trading days, they may be delisted due to compulsory delisting conditions for traded stocks.
It is worth noting that currently, many listed companies are on the brink of de-listing due to a market value retreat. According to a survey by the Cailian Press, there are as many as 14 listed companies in the market whose total market value is less than 500 million yuan, excluding those in the reorganization period or suspended stocks. The list is as follows:
According to the current situation, there are 9 listed companies in the Shanghai and Shenzhen markets whose market values range from 300-500 million yuan and are still traded, including two B-share companies, Shanghai Lingyun Industries Development (LingYunB) and Shandong Zhonglu Oceanic Fisheries (ZhongLuB). A-share companies are all *ST or ST companies, Among them, *ST Meiji, *ST Yilian, and Zhejiang Furun Digital Technology (*STFuRun) have issued warning notices separately due to a face value below 1 yuan, while another four listed companies including *ST Zhongdi, Suzhou Goldengreen Technologies (*STHengJiu), *ST Henglite, and *ST Boxin are on the verge of a market value retreat, similarly hiding the risk of delisting.