Core Viewpoint - *ST Yuancheng's stock price has significantly declined, with a current market value of 2.54 billion yuan, raising concerns about potential delisting risks due to continuous low trading prices and market capitalization [1][5][6] Trading Information Summary - *ST Yuancheng's stock was listed on the "Dragon and Tiger List" twice due to a cumulative price drop of 12% over three consecutive trading days [2][6] - The company experienced significant block trades from October 27 to October 31, with total transaction amounts reaching 233.54 million yuan [2][6] Shareholder Changes - As of September 30, 2025, the number of shareholders increased to 12,600, representing a growth of 23.65% since June 30, 2025 [3][6] - The average number of shares held per shareholder decreased from 32,100 to 25,900, with an average holding value of 46,700 yuan [3] Performance Disclosure Highlights - For the first three quarters of 2025, *ST Yuancheng reported a main revenue of 102 million yuan, a slight increase of 0.1% year-on-year, but a net profit attributable to shareholders of -143 million yuan, down 72.59% year-on-year [4][6] - The third quarter alone saw a main revenue of 20.14 million yuan, a decline of 54.7% year-on-year, with a net profit of -16.34 million yuan, an increase of 7.94% compared to the previous quarter [4] Company Announcement Summary - *ST Yuancheng's stock price fell below 1 yuan for the first time on October 27, 2025, leading to multiple risk warnings regarding potential delisting due to market capitalization falling below 5 billion yuan for 14 consecutive trading days [5][6] - The company has faced regulatory scrutiny due to false reporting in annual reports from 2020 to 2022, which may lead to mandatory delisting [5][6]

Core Viewpoint - *ST Yuancheng is at risk of being delisted due to its market capitalization falling below 500 million yuan and continuous losses over the past years [1][2][3] Financial Performance - In the first three quarters of the year, the company achieved revenue of 102 million yuan and a net loss attributable to shareholders of 143 million yuan [2] - For Q3 alone, revenue was 20.14 million yuan, a year-on-year decrease of 54.70%, with a net loss of 16.34 million yuan [2] - Revenue figures for 2022 to 2024 are projected at 294 million yuan, 274 million yuan, and 146 million yuan respectively, with net losses of 65.48 million yuan, 162 million yuan, and 325 million yuan [2] Market Capitalization and Listing Risk - As of October 31, the company's market capitalization was 254 million yuan, having been below 500 million yuan for 14 consecutive trading days [1] - The stock price closed at 0.78 yuan, remaining below 1 yuan for five consecutive trading days, which could lead to mandatory delisting if the situation persists [1] Legal and Compliance Issues - The company faces the possibility of mandatory delisting due to significant legal violations, as indicated by a notice from the China Securities Regulatory Commission [3] - The company was found to have falsified financial records over three years, leading to a proposed fine of 37.45 million yuan and penalties for responsible individuals totaling 42 million yuan [3] - The controlling shareholder, Zhu Changren, faces a 10-year ban from the securities market due to these violations [3]

Group 1 - The average stock price of A-shares is 13.84 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1] - Among the low-priced stocks, 9 are ST stocks, accounting for 34.62% of the total [1] - The Shanghai Composite Index closed at 3954.79 points as of October 31 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with Jin Zheng Da, Rong Sheng Development, and Ya Bo Shares leading with increases of 2.79%, 2.55%, and 2.31% respectively [1] - Conversely, 9 stocks decreased, with *ST Yuan Cheng, Liao Gang Shares, and Shan Ying International showing declines of 4.88%, 4.47%, and 2.21% respectively [1] - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, and industry classifications [1][2]

元成环境股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 元成环境股份有限公司（以下简称"公司"）股票于 2025 年 10 月 29 日、 2025 年 10 月 30 日、2025 年 10 月 31 日连续三个交易日内收盘价格跌幅偏离值 累计超过 12%，属于《上海证券交易所交易规则》规定的股票交易异常波动情形。 证券代码：603388 证券简称：*ST 元成 公告编号：2025-132 ● 交易类强制退市风险。公司股票 2025 年 10 月 31 日收盘总市值为 2.54 亿元，已连续 14 个交易日总市值低于 5 亿元，即使后续 6 个交易日（不包含公 司股票全天停牌日）连续涨停，也将因连续 20 个交易日收盘总市值低于 5 亿元 而触及交易类强制退市。根据《股票上市规则》第 9.2.1 条第一款第（五）项 的规定，上市公司出现连续 20 个交易日在上海证券交易所（以下简称"上交所"） 的每日股票收盘总市值均低于 5 亿元情形的，上交所将决定终止公司股票上市， ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-131 元成环境股份有限公司关于公司股票 可能被实施重大违法强制退市的第四次风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要风险提示： ● 元成环境股份有限公司(以下简称"公司") 因涉嫌年报等定期报告财务 数据虚假披露，被中国证券监督管理委员会（以下简称"中国证监会"）立案 调查。2025 年 10 月 10 日，公司收到中国证监会下发的《行政处罚事先告知书》 （浙处罚字[2025]14 号）。认定：1、公司 2020 年至 2022 年年报存在虚假记载： （一）通过虚增越龙山项目成本和产值，虚增公司 2020 年至 2022 年年报营业 收入和利润总额；（二）未及时将淮阴项目价审差异入账处理，虚增公司 2022 年年报营业收入和利润总额；2、公司 2022 年非公开发行股票文件编造重大虚 假内容。 ● 如根据正式的处罚决定书结论，公司触及重大违法强制退市情形，公司 股票将被终止上市。根据《上海证券交易所股票上市规则》第 9.5.7 条、第 ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-130 元成环境股份有限公司 关于公司股票可能存在因市值低于5亿元而终止上市 的第六次风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 元成环境股份有限公司（以下简称"公司"） 股票 2025 年 10 月 31 日 收盘总市值为 2.54 亿元，已连续 14 个交易日总市值低于 5 亿元，即使后续 6 个交易日（不包含公司股票全天停牌日）连续涨停，也将因连续 20 个交易日收 盘总市值低于 5 亿元而触及交易类强制退市。根据《上海证券交易所股票上市 规则》（以下简称"《股票上市规则》"）第 9.2.1 条第一款第（五）项的规 定，上市公司出现连续 20 个交易日在上海证券交易所（以下简称"上交所"） 的每日股票收盘总市值均低于 5 亿元情形的，上交所将决定终止公司股票上市， 属于交易类强制退市。敬请广大投资者注意投资风险。 ● 公司股票 2025 年 10 月 31 日收盘价为 0.78 元，已连续 5 个交易日低于 1 元。 ...

Summary of Key Points Core Viewpoint - On October 31, *ST Yuancheng executed a block trade of 1.4975 million shares, with a transaction value of 1.168 million yuan, accounting for 63.58% of the total trading volume for the day, at a price of 0.78 yuan, which remained unchanged from the market closing price of 0.78 yuan [1]. Group 1: Trading Details - The block trade involved a total of 1.4975 million shares at a price of 0.78 yuan per share [1]. - The total transaction amount for the block trade was 1.168 million yuan [1]. - The block trade represented 63.58% of the total trading volume on that day [1]. Group 2: Additional Trading Data - The trading date for the block transaction was October 31, 2025 [2]. - The stock code for *ST Yuancheng is 603388 [2]. - The transaction price remained consistent with the market closing price, indicating stability in trading activity [1][2].

Core Viewpoint - *ST Yuancheng announced that its stock price experienced a significant decline, indicating potential risks related to forced delisting and financial instability [1] Group 1: Stock Performance - The company's stock price fell over 12% in total over three consecutive trading days from October 29 to 31, indicating abnormal volatility [1] - As of October 31, the total market value was 254 million yuan, which has been below 500 million yuan for 14 consecutive days [1] - The closing price was 0.78 yuan, remaining below 1 yuan for five consecutive days [1] Group 2: Delisting Risks - The company faces multiple risks related to forced delisting, including trading-related and major legal violations [1] - There were false records in the annual reports from 2020 to 2022, and fabricated content in the 2022 non-public issuance documents [1] Group 3: Financial Performance - For the first half of 2025, the company reported revenue of 82.34 million yuan and a net loss of 126.80 million yuan [1] - Additional risks include concerns over ongoing operations, fundraising, and stock pledges [1]

Group 1: New Stock Issuances - Multiple new stock issuances are scheduled for October 31, 2025, including Jiangbolong (301308) and Shikong Technology (605178) [1] - A total of 30 companies have announcements related to stock issuance or trading on this date [1] Group 2: Trading Alerts - Jiangbolong (301308) reported severe abnormal fluctuations in trading [1] - Other companies such as ST Wanfang (000638) and Yashichuangneng (603378) also have trading alerts on the same date [1] Group 3: Recent Announcements - Recent announcements include companies like Tianpu Co. (605255) and Kangsheng Co. (002418) with updates on October 31, 2025 [1] - The announcements cover various sectors, indicating a broad market activity [1]

Core Insights - *ST Yuancheng (603388.SH) released its Q3 2025 report on October 31, 2025, indicating the current status of institutional ownership and shareholding structure [1] Institutional Ownership - As of October 30, 2025, there are 2 institutional investors disclosing their holdings in *ST Yuancheng A-shares, with a total holding of 22.957 million shares, representing 7.05% of the total share capital [1] - The institutional investors include Northeast Securities Co., Ltd. and Hangzhou Beijia Investment Co., Ltd., maintaining a combined holding ratio of 7.05% [1]