Core Viewpoint - *ST Yuancheng has experienced a significant decline, with a total drop of 29.7% over the past seven trading days, culminating in a trading halt due to reaching the daily limit down [2] Company Summary - *ST Yuancheng has faced a continuous downward trend, marked by seven consecutive trading days of losses [2] - The cumulative decline of 29.7% indicates substantial market volatility and investor concern regarding the company's performance [2]

Summary of Key Points Core Viewpoint - *ST Yuancheng (603388) has experienced a significant decline in stock price, raising concerns about its financial stability and potential delisting risks due to continuous losses and regulatory issues [1][3]. Trading Information - On October 20, 2025, *ST Yuancheng closed at 1.22 yuan, down 4.69%, with a trading volume of 22.8 million yuan [1][3]. - The stock has fallen for nine consecutive days, with a cumulative decline of 47.95% in 2025 [1]. - In the first ten trading days, the net outflow of main funds reached 23.09 million yuan, with a stock price drop of 29.05% during this period [1]. Fund Flow - On October 20, the net outflow of main funds was 23.51 thousand yuan, accounting for 84.51% of the total trading volume [1]. - Retail investors contributed a net inflow of 19.68 thousand yuan, representing 70.74% of the total trading volume [1]. Regulatory and Company Announcements - The stock has been placed under a delisting risk warning since October 13, 2025, due to a market capitalization below 5 billion yuan for five consecutive trading days [1][3]. - If the market capitalization remains below 5 billion yuan for 20 consecutive trading days, it will trigger mandatory delisting [1]. - The company received a notice from the China Securities Regulatory Commission regarding potential administrative penalties due to false disclosures in annual reports from 2020 to 2022 [1][3]. - The company reported a net loss of 126.80 million yuan in the first half of 2025, indicating ongoing financial difficulties [1]. - The controlling shareholder's shares are fully pledged, with some shares subject to judicial freezing and auction [1].

Core Points - The stock of Yuan Cheng Environment Co., Ltd. (ST Yuan Cheng) has experienced significant price volatility, with a cumulative decline of over 12% in the closing prices over three consecutive trading days [1] - The company is under a delisting risk warning due to its market capitalization falling below 5 billion yuan for five consecutive trading days, with a potential forced delisting if this continues for 20 days [1] - The company has received a notice from the China Securities Regulatory Commission regarding administrative penalties for false disclosures in annual reports from 2020 to 2022, which may lead to significant legal consequences [1] Financial Performance - For the first half of 2025, the company reported a net loss of 126.795 million yuan, indicating ongoing financial difficulties and a risk of delisting due to financial issues [1] - The company's total market capitalization as of October 20, 2025, was 397 million yuan, reflecting a significant decline in value [1] Shareholder Situation - The controlling shareholder's shares are fully pledged, with some shares subject to judicial freezing, and related shares are undergoing judicial auction or sale [1] - The company is facing liquidity issues, with some idle raised funds not being returned on time [1] Operational Status - Despite the financial challenges, the company's production and operations are reported to be normal, with no undisclosed significant matters [1]

| 成交量 （万 | 成交金额 | 成交价 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万元） | 格 | 折溢价（%） | | | | 股） | | （元） | | | | | 50.00 | 61.00 | 1.22 | 0.00 | 德邦证券股份有限公司常 | 东海证券股份有限公司南 | | | | | | 州太湖东路证券营业部 | 京分公司 | | 30.03 | 36.64 | 1.22 | 0.00 | 中国银河证券股份有限公 | 开源证券股份有限公司杭 | | | | | | 司杭州东宁路证券营业部 | 州婺江路证券营业部 | | 30.00 | 36.60 | 1.22 | 0.00 | 德邦证券股份有限公司常 | 浙商证券股份有限公司永 | | | | | | 州太湖东路证券营业部 | 康望春西路证券营业部 | （文章来源：证券时报网） 证券时报·数据宝统计显示，*ST元成今日收盘价为1.22元，下跌4.69%，日换手率为0.07%，成交额为 27.82万元，全天主力资金净流出27.15万元，近5 ...

Core Viewpoint - *ST Yuancheng experienced a decline of 4.69% on October 20, closing at 1.22 yuan, with significant block trades occurring during the day [1] Trading Activity - A total of three block trades were executed, with a combined volume of 1,100,300 shares and a total transaction value of 1.3424 million yuan [1] - The first trade involved 500,000 shares at a price of 1.22 yuan, with a transaction value of 610,000 yuan and a premium rate of 0.00% [1] - The second trade involved 300,300 shares at the same price of 1.22 yuan, with a transaction value of 366,400 yuan and a premium rate of 0.00% [1] - The third trade involved 300,000 shares at 1.22 yuan, with a transaction value of 366,000 yuan and a premium rate of 0.00% [1] Recent Performance - Over the past three months, *ST Yuancheng has recorded a total of 25 block trades, with a cumulative transaction value of 14.3115 million yuan [1] - In the last five trading days, the stock has seen a cumulative decline of 22.29%, while the net inflow of main funds amounted to 282,700 yuan [1]

证券代码：603388 证券简称：*ST 元成 公告编号：2025-121 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 16 日、 2025 年 10 月 17 日、2025 年 10 月 20 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。 ● 市值退市风险。公司股票 2025 年 10 月 14 日收盘价为 1.49 元，市值为 4.85 亿元，首日低于 5 亿元。截至 10 月 20 日收盘，已连续 5 个交易日总市值 低于 5 亿。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，属于交 易类强制退市。 ● 重大违法强制退市风险。2025 年 10 月 10 日，公司收到中国证监会下发 的《行政处罚事 ...

Group 1 - The trading date for the securities is October 20, 2025, with the stock name being *ST元成 and the stock code 603388 [1] - The transaction price for *ST元成 is 1.22 yuan, with a total transaction amount of 61 million yuan and a trading volume of 50 thousand shares [1] - The major buying institutions include 德邦证券股份有限 and 中国银河证券股份, while the selling institutions are 东海证券股份有限公司南京分公司 and 浙商证券股份有限公司 [1] Group 2 - A total of three transactions for *ST元成 were recorded on the same date, all at the same price of 1.22 yuan [1] - The second transaction had a transaction amount of 36.64 million yuan and a trading volume of 30.03 thousand shares [1] - The third transaction recorded a transaction amount of 36.6 million yuan with a trading volume of 30 thousand shares [1]

Core Points - The average stock price of A-shares is 13.43 yuan, with 31 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1] - As of October 20, the Shanghai Composite Index closed at 3863.89 points, indicating a relatively small proportion of both high-priced and low-priced stocks in the A-share market [1] Low-Priced Stocks Overview - Among the 31 low-priced stocks, 14 are ST stocks, accounting for 45.16% of this group [1] - In terms of market performance, 25 of the low-priced stocks increased in price, with notable gains from Yingxin Development (9.76%), ST Lingnan (5.16%), and HNA Holding (3.57%) [1] - The two stocks that declined were *ST Yuan Cheng and *ST Jin Ke, with decreases of 4.69% and 0.72%, respectively [1] Detailed Low-Priced Stocks Data - The table lists various low-priced stocks, including their latest closing prices, daily price changes, turnover rates, price-to-book ratios, and industries [1][2] - For example, *ST Gao Hong has a closing price of 0.38 yuan and a price-to-book ratio of 0.99, while *ST Su Wu is priced at 0.97 yuan with a price-to-book ratio of 0.39 [1][2]

Core Viewpoint - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of October 17, there are 1,031 stocks with a circulating market value below 3 billion yuan, and 428 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,746 stocks have a total market value below 5 billion yuan, with 641 stocks below 3 billion yuan [1] Smallest Stocks by Circulating Market Value - The three stocks with the smallest circulating market values are: - *ST Yuan Cheng: 417 million yuan - *ST Gao Hong: 430 million yuan - Kuntai Co., Ltd.: 622 million yuan [1] Smallest Stocks by Total Market Value - The three stocks with the smallest total market values are: - *ST Yuan Cheng: 417 million yuan - *ST Gao Hong: 440 million yuan - *ST Su Wu: 690 million yuan [1] Selected Stocks with Low Market Values - A list of stocks with circulating market values below 2 billion yuan includes: - *ST Yuan Cheng: Circulating market value 417 million yuan, total market value 417 million yuan, PE ratio not applicable, industry: Construction Decoration - *ST Gao Hong: Circulating market value 430 million yuan, total market value 440 million yuan, PE ratio not applicable, industry: Communication - Kuntai Co., Ltd.: Circulating market value 622 million yuan, total market value 2.254 billion yuan, PE ratio 51.19, industry: Automotive - Kangliyuan: Circulating market value 656 million yuan, total market value 2.569 billion yuan, PE ratio 43.86, industry: Light Industry Manufacturing - Keri Si: Circulating market value 659 million yuan, total market value 2.242 billion yuan, PE ratio 183.45, industry: Communication [1][2]

Core Points - *ST Yuancheng's stock price has dropped significantly, closing at 1.28 yuan on October 17, 2025, a decrease of 22.42% from the previous week, reaching its lowest point in nearly a year [1] - The company has a total market capitalization of 4.17 billion yuan, ranking last in the infrastructure sector and overall in the A-share market [1] - The company is facing potential delisting risks due to its market capitalization falling below 5 billion yuan for the first time [2][4] Trading Information Summary - *ST Yuancheng has appeared on the trading alert list twice in the past five trading days due to a cumulative price drop of over 12% [1][3] - The company experienced significant block trades from October 13 to 17, with a total transaction amount of 12.97 million yuan [4] Shareholder Changes - The controlling shareholder, Zhu Changren, has seen a reduction in his shareholding from 32,775,520 shares to 31,800,000 shares due to a judicial transfer related to a private lending dispute, decreasing his ownership percentage from 10.06% to 9.76% [2][5] - The combined shareholding of Zhu and his concerted actors has decreased from 12.17% to 11.87% [2] Company Announcements - The company received a notice from the China Securities Regulatory Commission regarding administrative penalties for inflating revenue and profits from 2020 to 2022, which could lead to significant legal consequences and potential delisting [2][4] - The company reported an unaudited net loss of 126.8 million yuan for the first half of 2025, raising concerns about its ongoing viability [3]