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The three companies disclosed delisting announcements on the same day. The reason for the termination of listing was delisting at par value, involving about 440,000 shareholders.

On August 11, ST Futong (000836), ST Aikang (002610), and Zhongyin Wool Industry (000982) successively announced that their stocks had been delisted and would be delisted on August 12. The stocks of these three companies have all reached the mandatory delisting conditions due to trading, and the closing price has been below 1 yuan for 20 consecutive trading days.

ST Aikang

ST Aikang announced in an announcement on the delisting of its shares that the company's shares have been delisted by the Shenzhen Stock Exchange and will be delisted on August 12. Prior to this, the daily closing price of the company's shares was less than 1 yuan for 20 consecutive trading days from May 21 to June 18.

ST Aikon was once a "photovoltaic star stock" and was listed on the main board of the Shenzhen Stock Exchange in 2011. It is mainly engaged in the research and development of new energy technologies, manufacturing and sales of photovoltaic equipment and components, etc.

From 2019 to 2023, the company's net profit attributable to the parent company was -1.612 billion yuan, 17 million yuan, -406 million yuan, -833 million yuan, and -826 million yuan, respectively. In the first quarter of 2024, the company's operating performance has not improved. During the period, ST Aikang achieved revenue of 634 million yuan, a year-on-year decrease of 49%; the net profit attributable to the parent company was a loss of 213 million yuan.

ST Aikang has been suspended since June 19 this year. Before the suspension, the stock price was 0.37 yuan per share, and it has been hitting the limit for 31 consecutive trading days, with a market value of 1.7 billion yuan. As of late May this year, the number of ST Aikang shareholders exceeded 276,800.

ST Futong

ST Futong is also one of the companies that were delisted today. The company went public in 1997 and is mainly engaged in the research, development, production and sales of optical fiber preforms, optical fibers and optical cables.

In 2023, the company achieved a total operating income of approximately RMB 298 million, a year-on-year decrease of 77.61%; the net profit attributable to shareholders of the listed company was a loss of approximately RMB 228 million, a year-on-year decrease of 1895.13%.

ST Futong has been suspended since June 18. Before the suspension, its share price was 0.37 yuan per share. It has been hitting the daily limit for 30 consecutive trading days, with a market value of 450 million yuan.

As of the end of April 2024, the number of ST Futong shareholders exceeded 54,600.

Zhongyin Wool Industry

Among the three companies delisted today, China Bank Wool Industry is the only one that was not subject to ST treatment when it was delisted, but it was still "invested" out of the main board market by market funds.

On the evening of August 11, Zhongyin Wool Industry issued an "Announcement on the Termination of Listing and Delisting of Stocks", stating that the company's stocks had been decided to be delisted by the Shenzhen Stock Exchange and would be delisted on August 12. Prior to this, the company's stock closed below 1 yuan for 20 consecutive trading days from May 24 to June 21.

At present, the company has signed the "Entrusted Stock Transfer Agreement" with Pacific Securities, hiring Pacific Securities as the company's lead underwriter, entrusting it to provide the company with share listing and transfer services, and authorizing it to handle the stock exchange market registration and settlement system share withdrawal registration, handle stock reconfirmation and delisting segment share registration and settlement, share transfer services and other matters.

Zhongyin Wool Industry was established in 1998 and listed in July 2000. Its main business is the development, design, production and sales of cashmere and its products, wool textiles, cotton textiles, blended textiles of various fibers and other textiles.

In 2023, the company achieved operating income of 500 million yuan, a year-on-year decrease of 20.47%; the net profit attributable to shareholders of the listed company was a loss of 135 million yuan.

Since 2015, China Bank Wool Industry's non-GAAP net profit has been in the red for many years and it has been delisted many times. During this period, it relied on selling assets, bankruptcy reorganization and other means to maintain its listing, and was called the "Phoenix of A-shares."

Zhongyin Wool Industry has been suspended since June 24. Before the suspension (June 21), the stock price closed at 0.18 yuan per share, with a market value of 770 million yuan.

Before delisting, the company also carried out a repurchase operation. As of early August this year, the company's share repurchase plan has been implemented. The actual repurchase period is from May 8, 2024 to May 16, 2024. The cumulative number of repurchased shares is 36.61 million shares, accounting for 0.86% of the company's total share capital. The highest transaction price is 1.14 yuan/share, the lowest transaction price is 1.00 yuan/share, and the cumulative repurchase amount exceeds 39.41 million yuan.

However, the repurchase operation did not change the company's fate of delisting. As of March this year, the number of shareholders of Zhongyin Wool Industry exceeded 116,000.

According to preliminary statistics, the total number of shareholders of ST Futong, ST Aikang and Zhongyin Wool Industry is about 440,000. Because there is no arrangement for the consolidation period for the delisting of the three companies at par value, these shareholders will bring their investment funds and directly switch to the "old third board" trading in the future.

Source: e Company

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: He Yu

Proofreading: Wang Jincheng

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