Core Viewpoint - *ST Yuancheng (603388) is facing significant risks of forced delisting due to continuous stock price declines and allegations of financial misconduct, including inflated revenues and profits over the past three years [2][5][6]. Group 1: Stock Performance and Market Capitalization - On October 28, *ST Yuancheng announced that its stock price had deviated significantly, with a cumulative decline of over 12% in three consecutive trading days [2]. - The stock closed at 0.90 yuan per share on October 28, with a total market capitalization of 293 million yuan, remaining below 500 million yuan for 11 consecutive trading days [2]. - If the stock continues to close below 1 yuan for 20 consecutive trading days, it will trigger forced delisting [2]. Group 2: Regulatory Actions and Financial Misconduct - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on *ST Yuancheng for suspected false reporting of financial data [5]. - The company has been found to have inflated revenues and profits through various means, including overstating project costs and revenues from 2020 to 2022, resulting in a total inflated revenue of 209 million yuan and profit of 50.46 million yuan [6]. - The company also failed to adjust financial records in a timely manner, leading to further inflation of 2022 revenues and profits by 14.16 million yuan and 13.45 million yuan, respectively [7]. Group 3: Financial Penalties - The CSRC plans to impose a fine of 37.45 million yuan on the company, with an additional 42 million yuan in penalties for five responsible individuals [7].

10月28日，*ST元成大宗交易成交38万股，成交额34.96万元，占当日总成交额的49.34%，成交价0.92 元，较市场收盘价0.9元溢价2.22%。 | 股票基金信息 | | --- | | 交易日期 | | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 025-10-28 | *ST元成 | 603388 | 0.92 34.96 | 38 | 泰海攝愛劈毀有限 | 型普曼和雙與東醫 ка | ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-125 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 的第三次风险提示公告 根据《股票上市规则》第 9.2.1 条第一款第（一）、第（五）项的规定，上 市公司出现连续 20 个交易日在上交所的每日股票收盘价均低于 1 元的或上市公 司出现连续 20 个交易日在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。 公司股票 2025 年 10 月 28 日收盘价为 0.90 元，已连续 2 个交易日低于 1 1 元，市值为 2.93 亿元，已连续 11 个交易日总市值低于 5 亿元，即使后续 9 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。公司股票存在可能因市值低于 5 亿元、 收盘价低于 1 元被终止上市的风险。 二、终止上市风险提示公告的披露情况 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： ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-126 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 24 日、 2025 年 10 月 27 日、2025 年 10 月 28 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。 ● 交易类强制退市风险。公司股票 2025 年 10 月 28 日收盘总市值为 2.93 亿元，已连续 11 个交易日总市值低于 5 亿元，即使后续 9 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， ...

Market Overview - The infrastructure sector experienced a decline of 0.93% on October 28, with *ST Yuan Cheng leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the infrastructure sector included: - Jiangjian Co., Ltd. (603815) with a closing price of 13.80, up 7.31% [1] - *ST IF Ping (603843) at 6.79, up 4.95% [1] - ST Lingnan (002717) at 1.94, up 4.86% [1] - Major decliners included: - *ST Yuan Cheng (603388) at 0.90, down 5.26% [2] - China Nuclear Engineering (601611) at 13.38, down 3.95% [2] - Wenke Co., Ltd. (002775) at 4.58, down 2.35% [2] Capital Flow - The infrastructure sector saw a net outflow of 610 million yuan from institutional investors, while retail investors contributed a net inflow of 500 million yuan [2] - The net inflow from speculative funds was 109 million yuan [2] Individual Stock Capital Flow - ST Lingnan (002717) had a net inflow of 49.46 million yuan from institutional investors, but a net outflow of 28.88 million yuan from retail investors [3] - Hongrun Construction (002062) saw a net inflow of 46.19 million yuan from institutional investors, with retail investors experiencing a net outflow of 18.97 million yuan [3] - Jiangjian Co., Ltd. (603815) had a net inflow of 28.99 million yuan from institutional investors, while retail investors faced a net outflow of 12.05 million yuan [3]

New Stock Issuance - Fengbei Bio (证券代码: 732334) issued at a price of 24.49 on 2025/10/27[1] - The offer period for the acquisition of Shangwei New Materials (证券代码: 688585) is from 2025/09/29 to 2025/10/28[1] Market Alerts - Significant abnormal fluctuations reported for *ST Yuancheng (证券代码: 603388) on 2025/10/24[1] - Other companies with abnormal fluctuations include *ST Wanfang (证券代码: 000638) and ST Lingnan (证券代码: 002717) on 2025/10/27[1] Recent Announcements - Multiple companies including Tianpu Co. (证券代码: 605255) and Chang Aluminum (证券代码: 002160) have recent announcements dated 2025/10/27[1] - The latest announcements can be accessed through the provided links for detailed information[1]

证券代码：603388 证券简称：*ST 元成 公告编号：2025-124 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二次风险提示 暨首次股价低于1元的风险提示公告 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 27 日 收盘总市值为 3.09 亿元，已连续 10 个交易日总市值低于 5 亿元。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 27 日收盘价为 0.95 元，首次低于 1 元。根据《股 票上市规则》第 9.2.1 条第一款第（一）项的规定，上市公司出现连续 20 个交 易日在上交所的每日股票收盘价 ...

Core Viewpoint - *ST Yuancheng's stock hit the daily limit down, reflecting significant investor concerns due to financial misconduct allegations and overall market conditions [2]. Group 1: Company Issues - *ST Yuancheng faced severe penalties for false disclosures in annual reports and fraudulent issuance, damaging its reputation and investor confidence [2]. - The upcoming Q3 report on October 31 raises concerns about its authenticity and the company's actual operational status, making it difficult for investors to assess potential benefits [2]. Group 2: Industry and Market Environment - The landscaping engineering industry is experiencing intense competition and sluggish growth, impacting demand for *ST Yuancheng's services [2]. - The overall market environment is uncertain, leading to reduced capital inflow and affecting business demand in the landscaping sector [2]. Group 3: Market Sentiment and Technical Analysis - The stock price reached a historical low on October 24, with a decline of 4.76%, indicating a severe lack of market confidence and significant sell-offs by investors [2]. - On October 23, the trading data showed that total sell-offs far exceeded buy-ins, indicating substantial capital outflow and a weak technical outlook for the stock [2].

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of October 24, there are 955 stocks with a circulating market value below 3 billion yuan, and 380 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,681 stocks have a total market value below 5 billion yuan, with 542 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Yuan Cheng at 326 million yuan, *ST Gao Hong at 430 million yuan, and Kuntai Co., Ltd. at 661 million yuan [1] - The three stocks with the smallest total market values are also *ST Yuan Cheng at 326 million yuan, *ST Gao Hong at 440 million yuan, and *ST Su Wu at 754 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as construction decoration, communication, automotive, and more [1][2]

Group 1 - The article lists several companies under monitoring for stock price fluctuations, indicating potential investment opportunities or risks [1] - The monitoring periods for the companies vary, with some starting as early as October 22, 2025, and ending as late as November 7, 2025 [1] - Specific companies mentioned include 香农芯创, *ST元成, *ST东易, 大有能源, and 华建集团, each with designated monitoring dates [1]