Down 99.75%! the decline record of the A-share market has been refreshed again.

The stock that set this record is Qianshan yam machine (note: the securities are now referred to as Qianshan retreat).

This is a bad decline for many investors.

By the end of the first quarter of this year, the number of shareholders of the company was 48000. Due to the rare transactions during the delisting period, the number of shareholders is expected to change little at present.

Plummeted 99.75%! Qianshan medicine machine fell to a record A-share.

Market data show that Qianshan yam share price once again blocked the limit on the 14th, the share price was only 0.19 yuan, a record low. After considering the right and interest factor, the stock has fallen by 99.75% since its all-time high, the biggest drop in A-share history!

Qianshan Pharmaceutical Machine has entered the delisting period since August 5, 2020, and the company's share price has fallen by the limit for 29 consecutive times, and the decline is very ferocious. After today, the delisting period of the company will expire, and then it will face the fate of being delisted from the A-share market.

It is sad that the thousand yam machine has been reduced to this point.

According to the data, Qianshan Pharmaceutical Machine was listed in May 2011, and the company is one of the main suppliers of injection production equipment in China. mainly engaged in pharmaceutical machinery and other packaging machinery and other intelligent equipment, medical devices, pharmaceutical packaging products research and development, production and sales, as well as around the accurate management of chronic diseases to carry out a series of medical services.

According to the information disclosed by the company, at the initial stage of listing, the revenue and profit of Qianshan Pharmaceutical Machine still increased to a certain extent, but in recent years, the company's revenue and profit began to decline.

According to the notice of investigation issued by the China Securities Regulatory Commission (No. 0528) issued by the China Securities Regulatory Commission on January 16, 2018, the CSRC placed a case on file and investigated the company because the company was suspected of violating the law and regulations in information disclosure. On November 29th, 2019, the company received the "advance notice of Administrative punishment and Market ban of China Securities Regulatory Commission" issued by the Securities Regulatory Commission (penalty word [2019] No. 149). According to the facts determined by the "advance notice", the company's net profit for four consecutive years from 2015 to 2018 is actually negative.

As the company's net assets were negative at the end of 2018, the financial and accounting reports of 2017 and 2018 were issued by certified public accountants with audit reports that could not express their opinions. Qianshan Pharmaceutical shares were suspended from listing on May 13, 2019.

Since then, as the company's audited net profit belonging to the shareholders of the listed company in 2019, net profit after deducting non-recurring profits and losses, and net assets at the end of the period are all negative, and the financial and accounting report was issued by Lianda accounting firm (special general partnership), on July 14, 2020, the Shenzhen Stock Exchange decided to terminate the listing of Qianshan Pharmaceutical shares.

In addition, it is worth noting that Qianshan Pharmaceutical Machine has not yet disclosed its 2020 semi-annual report, making it one of the few companies that have not yet disclosed its 2020 semi-annual report.

With regard to the delay in disclosing the semi-annual report, the company said that on August 26, 2020, Qianshan Pharmaceutical held the 17th meeting of the sixth board of directors and failed to consider and pass the "bill on the semi-annual report and its summary for 2020". Among them, Chairman Liu Xianghua, directors Liu Yan, Deng Tieshan, Fu Huilong and Li Jie abstained from voting on the motion on the 2020 semi-annual report and its summary. The reason for abstaining is that it is uncertain whether the amount of funds occupied by related parties in the company's 2020 semi-annual report is accurate and disclosed, and cannot guarantee the truthfulness, accuracy and completeness of the company's 2020 semi-annual report. Do not bear individual and joint and several legal liability. In addition, directors Jin Yiping, Shi Qinghui, Yang Chunping and Wang Guohua voted against the above-mentioned motion.

Will a 99% drop in delisted stocks become the starting price?

It is worth noting that with the strengthening of delisting in the A-share market in recent years, the decline of delisted stocks has become larger and larger, and if they unfortunately step on delisted stocks, the extent of losses may become more and more astonishing, which reminds investors to stay away from problem stocks from another side. don't take chestnuts from the fire with a speculative mentality.

According to Wind, delisted stocks have generally fallen sharply in history, with most falling more than 90% since their highs, but the decline of delisted stocks has increased in recent years.

The data show that the vast majority of stocks that have been delisted since 2019 have fallen more than 98% since their highs. Recently, among the delisted stocks, many have fallen by more than 99%, such as Baoqianli, Jinya Technology, Shengyun Environmental Protection, Leeco, and Shenwu Environmental Protection.

Before Qianshan Pharmaceutical Machine, Leeco had the largest drop in A-share history with a decline of 99.62%, but then this record was quickly broken by Shenwu Environmental Protection (down 99.68%). Now it is broken by Qianshan yam machine (down 99.75%).

It is worth noting that after Qianshan Pharmaceutical Machine, it is expected that new stocks will break the above record soon.

According to the data, the listing of Storm Group was terminated on August 28, 2020. So far, the largest decline of the stock since its all-time high has reached 98.92%. The stock is currently trading at 1.48 yuan, and it only needs less than seven falls to the limit. It will break the current record of decline created by Qianshan yam machine.

Storm Group will enter a 30-day delisting period on September 21, 2020, when its price will be limited to 20%.