In the face of thousands of announcements from listed companies every day, what should I read? Announcements of important matters are often tens of pages or hundreds of pages, what is the point? I don't know if a bunch of jargon in the announcement is good or bad? Please take a look at the “Speed Reading Notice” section of the press department of the Financial Association. Our national reporters will bring you an accurate, fast, and professional interpretation on the night of the announcement.

Financial Services Association, July 24 (Reporter Liu Yue) Following the late-night announcement of Haiyin Co., Ltd. (000861.SZ), whose stock price fell to 0.86 yuan last week, temporarily suspended trading of plans to issue shares and purchase assets, today's intraday market hit Yongtai Energy (600157.SH), which fell to 1.01 yuan, “saved itself ahead of time”. The announcement was that it plans important matters and will be suspended from tomorrow.

Yongtai Energy announced this evening that the company is planning to purchase controlling interests in assets such as energy storage companies and high-quality coal resources by issuing shares and paying cash. Due to uncertainty about related matters, trading of the company's shares will be suspended from July 25, 2024, and is expected to be suspended for no more than 10 trading days.

Judging from the performance of the secondary market, Yongtai Energy's stock price trend has been sluggish in recent years, fluctuating above the face value delisting warning line. Today, Yongtai Energy hit a halt this morning, and the lowest price was 1.01 yuan. The company announced at noon that it intends to adjust the repurchase amount from “not less than RMB 0.15 billion (inclusive), not more than RMB 0.3 billion (inclusive)” to “not less than RMB 0.5 billion (inclusive), not more than RMB 1 billion (inclusive)”, and change the use of the repurchased shares to cancel. The company's stock price rose sharply in the afternoon, and the decline narrowed to less than 1%. Today's turnover exceeded 1.8 billion yuan.

Yongtai Energy issued the “Notice on Maintaining the Company's Stock Price Letter to All Shareholders” this evening. The company is implementing a share repurchase plan of 0.5 billion yuan to 1 billion yuan for cancellation. In the future, depending on market conditions, the repurchase amount will be increased to bring the company's stock price back to a reasonable level. Meanwhile, the company's directors, supervisors, executives and other core managers completed the sixth increase in stock holdings on June 21. The company attaches great importance to stock price maintenance, and will make every effort to take various measures to maintain the company's stock price and promote the continuous increase in the company's stock price.

Yongtai Energy's performance growth was not recognized by the market, and its stock price continued to be sluggish. Thanks to the complementary operating advantages of the coal and power business, Yongtai Energy is expected to achieve year-on-year growth in the first half of the year, and the net profit is expected to be 1.16 billion to 1.26 billion yuan.

A week ago last Wednesday, Haiyin Co., Ltd., whose stock price was less than 1 yuan for 17 consecutive trading days, suddenly announced late at night that it intended to acquire 51% of the shares of Jiangsu Judian New Energy Co., Ltd., and applied for suspension of trading from the opening of the market on July 18.

It is worth noting that unlike Haiyin shares (total market capitalization over 2 billion yuan), Yongtai Energy's total market value exceeds 20 billion yuan. In addition to Yongtai Energy, many companies with a market capitalization of 10 billion dollars, such as Baogang Co., Ltd., HNA Holdings, and Liaogang Co., Ltd. are facing the risk of “face value delisting.”

Earlier, in an interview with a reporter from the Financial Services Association, a relevant company executive believed that the factors that caused the company's stock price to fall below 1 yuan may also include mistaken killings due to fluctuations in market sentiment, and within the 20-day trading day window, it is often too late to implement capital operations such as asset restructuring and refinancing that can fundamentally improve the current state of the enterprise. (For details, see the Financial Services Association's previous report

(The old rules of “face value delisting” meet a new phenomenon: intensive warning from non-ST companies, experts suggest timely optimization)