news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the first a-share stock to be delisted by market value is about to be delisted.

on the evening of september 1, *st shentian announced that the company's shares have been decided to be delisted by the shenzhen stock exchange and will be delisted on september 2, 2024.

the announcement shows that from june 27 to july 24, the closing market value of *st shentian's stock through the shenzhen stock exchange trading system was less than 300 million yuan for 20 consecutive trading days, triggering the termination of stock listing stipulated in article 9.2.1, paragraph 1, item 6 of the shenzhen stock exchange's "stock listing rules (revised in august 2023)". in accordance with article 9.2.7 of the shenzhen stock exchange's "stock listing rules (revised in 2024)" and the review opinions of the shenzhen stock exchange's listing review committee, the shenzhen stock exchange decided to terminate the company's stock listing. at the same time, according to relevant regulations, the company's stock was delisted due to the triggering of a trading-related mandatory delisting situation, and it will not enter the delisting settlement period.

it is worth noting that the delisting of *st shentian is the first delisting of an a-share company due to market value, creating new history in the a-share market.

according to the regulations that are still in effect, if the closing market value of a company's shares on the shenzhen stock exchange is less than rmb 300 million for 20 consecutive trading days, the shenzhen stock exchange will terminate its stock listing. according to the shenzhen stock exchange's previously released "shenzhen stock exchange stock listing rules (revised in 2024)", if an a-share company's "closing total market value of its shares on the exchange is less than rmb 500 million for 20 consecutive trading days", it will be delisted. the revision of the market value delisting situation will start from october 30, 2024, which means that the probability of listed companies reaching market value delisting in the future will be higher.

according to the information, *st shentian company is the full name of shenzhen tiandi (group) co., ltd. it is a listed company with commercial concrete as its main business and real estate as its pillar industry. its main industries include the production and sales of commercial concrete, real estate development and property management. the company's concrete business is concentrated in shenzhen and zhuzhou; real estate development is mainly in shenzhen, xi'an and lianyungang; property management is mainly in shenzhen. the company stated in its 2023 annual report that the company's concrete business was affected by unfavorable factors such as insufficient market demand and increased financial pressure in the industry. the unit operating cost of concrete has increased, and the difficulty of enterprise operation has continued to increase.

judging from the financial data disclosed by *st shentian, the company's operating income has shrunk significantly in recent years, from 1.783 billion yuan in 2020 to 178 million yuan in 2023, and it has been in the red for many consecutive years.

the semi-annual performance report for 2024 released by *st shentian not long ago showed that the company's net profit attributable to shareholders of listed companies in the first half of 2024 was a loss of 70.3284 million yuan, compared with a loss of 50.0959 million yuan in the same period last year.