Starting from October 30th, the market cap delisting criteria for A-share companies on the Shanghai and Shenzhen main boards has been adjusted from 0.3 billion yuan to 0.5 billion yuan. Which other main board listed companies are on the verge of being 'at risk'?
Caixin Financial News reported on November 4th that after the market cap delisting criteria for the Shanghai and Shenzhen main boards was raised to 0.5 billion, two companies recently touched the 'red line' and successively issued delisting risk warnings.
Tonight, Gome Telecom Equipment announced that the company's stock closing price on November 4, 2024, was 1.68 yuan, with a market cap of only 0.479 billion yuan, which is below 0.5 billion yuan. According to relevant regulations, if the company's stock has a daily closing total market cap below 0.5 billion yuan for 20 consecutive trading days, it will be delisted by the Shanghai Stock Exchange as a trade-based mandatory delisting.
In addition, the company also warned of financial delisting risks in the announcement. The announcement stated that on October 31, 2024, the company released the '2024 Third Quarter Report'. The company's revenue for the first three quarters of 2024 was 8.1683 million yuan, the net income attributable to shareholders of the listed company was -31.1639 million yuan, and the net assets attributable to shareholders of the listed company was -114.2889 million yuan. If the company encounters situations specified in relevant provisions such as Article 9.3.2, 9.3.7, and 9.3.11 of the 'Stock Listing Rules' in 2024, stock trading may be terminated.
Looking at the stock price performance, Gome Telecom Equipment has experienced three consecutive limit down trading days in the last 3 days. As of today's close, there are still over 0.029 million lots of sell orders locking the stock price at the limit down.
It is worth mentioning that Gome Telecom Equipment is the second listed company recently to touch the 0.5 billion delisting 'red line'.
On the evening of November 1st, Special Treat Boxin announced that the company's stock closing price on November 1, 2024, was 2.17 yuan per share, with a market cap of 0.499 billion yuan, which is below 0.5 billion yuan. According to relevant regulations, if a listed company has a total market cap lower than 0.5 billion yuan for 20 consecutive trading days, it will be delisted by the Shanghai Stock Exchange as a trade-based mandatory delisting. The company's stock faces the risk of being delisted due to a market cap lower than 0.5 billion yuan.
Today, Special Treat Boxin's stock price once again hit the limit down, and as of the closing, the stock price closed at 2.06 yuan per share, with a total market cap of 0.474 billion yuan.
According to the revised delisting rules for listed companies issued by the Shanghai and Shenzhen Stock Exchanges in April 2024, starting from October 30, 2024, the market cap delisting standard for A-share companies on the Shanghai and Shenzhen main boards officially adjusted from 0.3 billion yuan to 0.5 billion yuan.
According to statistics, as of today's close, there are currently a total of 10 listed companies on the Shanghai and Shenzhen main boards with a total market cap below 1 billion yuan. Apart from the above *Gome Telecom Equipment and *ST Boxin, whose total market cap has fallen below 0.5 billion yuan, *ST Dawayao and *ST Zhongdi currently have a total market cap of less than 0.7 billion yuan. In addition, there are 6 main board listed companies such as *ST Yuancheng and suzhou goldengreen technologies, whose current total market cap is between 0.7 and 1 billion yuan.