格隆汇10月10日丨*ST元成(603388.SH)公布，中国证监会2025年10月10日下发的《行政处罚事先告知 书》查明，认定公司虚增2020年至2022年年报营业收入和利润总额，公司2020年至2022年年报存在虚假 记载。上述事项将触及《上海证券交易所股票上市规则》第9.5.1条第（一）项和第9.5.2条第一款第 （六）项规定的重大违法强制退市情形，可能被实施重大违法强制退市。公司股票自2025年10月13日起 将被上海证券交易所叠加实施退市风险警示。 ...

*ST元成公告，收到证监会《行政处罚事先告知书》，公司股票自2025年10月13日起将被叠加实施退市 风险警示。 ...

Core Insights - 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 9, there are 1,020 stocks with a circulating market value below 3 billion yuan, and 413 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,684 stocks have a total market value below 5 billion yuan, with 617 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - Zitian Tui: 0.61 million yuan - *ST Gao Hong: 4.30 million yuan - *ST Yuan Cheng: 5.60 million yuan [1] - The three stocks with the smallest total market values are: - Zitian Tui: 0.62 million yuan - *ST Gao Hong: 4.40 million yuan - *ST Yuan Cheng: 5.60 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - Kun Tai Co., Ltd.: 6.29 million yuan, PE ratio: 51.71, Industry: Automotive - Kang Li Yuan: 6.62 million yuan, PE ratio: 44.27, Industry: Light Manufacturing - Ke Rui Si: 6.72 million yuan, PE ratio: 186.98, Industry: Communication - Yangzhou Jinquan: 6.79 million yuan, PE ratio: 20.66, Industry: Textile and Apparel - Hong Ming Co., Ltd.: 6.85 million yuan, Industry: Machinery Equipment [1][2]

Core Points - The stock of *ST Yuancheng (603388) closed at 1.72 yuan on October 9, 2025, down 4.44% from the previous trading day, with a total market value of 560 million yuan [1] - The company is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false disclosures in its annual reports, which could lead to mandatory delisting if deemed a major violation [2] - The company reported a half-year revenue of 82.34 million yuan and a net loss of 126.80 million yuan for 2025, continuing a trend of losses over the past three years [2] Company Investigation - The company received a notice from the CSRC on July 1, 2025, regarding the investigation into financial data misrepresentation [2] - If the CSRC confirms the violations, the company may face mandatory delisting under the stock listing rules [2] - The company has multiple bank accounts frozen, totaling approximately 330.52 million yuan, which is 39.02% of its latest audited net assets [2] Financial Performance - The company has reported continuous losses for three consecutive years, raising concerns about its ability to continue as a going concern [2] - The 2024 annual audit report has already indicated uncertainties regarding the company's ongoing viability [2] - The stock has been under risk warning since the disclosure of the 2024 annual report [2]

Core Points - *ST Yuancheng (sh603388) hit the daily limit down on October 9, 2025, with a closing price of 1.71 yuan, a decline of 5%, and a total market capitalization of 557 million yuan [1] - The stock's performance is influenced by poor earnings expectations, capital outflows, and uncertainty regarding executive changes [2] Summary by Categories Earnings Expectations - The company is expected to release its capital flow and Q3 report on October 31, 2025. Given previous financial performance and industry trends, poor earnings could negatively impact the stock [2] Capital Flow - On September 10, the stock saw significant capital outflows, with a net sell of 954.49 million yuan against a total buy of 772.28 million yuan, indicating a negative market sentiment towards the stock [2] Executive Changes - The recent appointment of independent director Liao Hong on September 27 may have potential long-term benefits, but the immediate impact remains uncertain. The market is more focused on the company's actual operations and earnings rather than short-term concepts like "yesterday's limit up" [2] Technical Analysis - The stock's recent volatility, influenced by net selling from retail and institutional investors, has led to negative technical signals, such as MACD crossovers, which may trigger further sell-offs and exacerbate the price decline [2]

重要风险提示： ● 重大违法强制退市风险。2025 年 7 月 1 日收到中国证券监督管理委员会 （以下简称"中国证监会"）《立案告知书》（编号：证监立案字 01120250019 号）因公司涉嫌年报等定期报告财务数据虚假披露，根据《中华人民共和国证 券法》《中华人民共和国行政处罚法》等法律法规，决定对公司立案，同时公 司控股股东、实际控制人祝昌人先生也被同步立案（编号：证监立案字 01120250020 号）。若后续经中国证监会行政处罚认定的事实，触及《上海证券 交易所股票上市规则》（以下简称《股票上市规则》）规定的重大违法强制退 市情形，公司股票将被实施重大违法强制退市。 ● 财务类退市风险。公司 2025 年半年度（未经注册会计师审计），营业收 入为 8,233.93 万元，归属于母公司股东的净利润为-12,679.50 万元，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 9.3.2 条第（一） 项规定，2024 年年度报告披露后，公司股票已被实施退市风险警示，如公司 2025 年年报披露后不符合《股票上市规则》第 9.3.7 条等规定的撤销要件，公司股 票将被终止上市。 ● 持续 ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-110 元成环境股份有限公司 关于股票交易风险提示公告 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： 公司股票价格近期存在波动幅度较大的情形，敬请广大投资者审慎决策，注 意二级市场交易风险。现提示重要内容如下： 1 一、退市风险 重大违法强制退市风险。2025 年 7 月 1 日收到中国证券监督管理委员会下 发的《立案告知书》（编号：证监立案字 01120250019 号）：因公司涉嫌年报等 定期报告财务数据虚假披露，根据《中华人民共和国证券法》《中华人民共和国 行政处罚法》等法律法规，决定对公司立案，同时公司控股股东、实际控制人祝 昌人先生也被同步立案。若后续经中国证监会行政处罚认定的事实，触及《上海 证券交易所股票上市规则》规定的重大违法强制退市情形，公司股票将被实施重 大违法强制退市。敬请投资者注意投资风险。 财务类退市风险。公司 2025 年半年度（未经注册会计师审计），营业收 入为 8,233.93 万元，归属于母公司股东的净利润为 ...

重要内容提示： ● 杭州北嘉投资有限公司持股的基本情况 元成环境股份有限公司（以下简称"公司"）控股股东一致行动人杭州北嘉 投资有限公司（以下简称"北嘉投资")持有公司 6,872,194 股无限售条件流通 股票，占公司总股份的 2.11%。 ● 2025 年 10 月 15 日 10 时至 2025 年 10 月 16 日 10 时止（延时除外）。 在长春净月高新技术产业开发区人民法院京东网司法拍卖网络平台上第二次公 开拍卖北嘉投资所持有的公司 6,872,194 股无限售条件流通股票，占公司总股 份的 2.11%。本次拍卖事项尚处于公示阶段，后续涉及竞拍、缴款、股权变更过 户等环节，拍卖的结果具有不确定性，公司将密切关注上述事项的进展情况， 并根据相关法律法规的要求及时履行信息披露义务。敬请广大投资者注意风险。 证券代码：603388 证券简称：*ST 元成 公告编号：2025-109 元成环境股份有限公司 关于控股股东一致行动人（杭州北嘉投资有限公司）所持公司部分股份 将被第二次司法拍卖的提示性公告 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 ...

Core Viewpoint - *ST Yuancheng has experienced a significant stock price increase, achieving a two-day cumulative rise of 10.53% [2] Company Summary - On September 29, *ST Yuancheng's stock reached the daily limit, marking its second consecutive trading day of gains [2]

Core Points - The company held its sixth board meeting on September 26, 2025, where it approved the election of new members to the specialized committees of the board [1][2] - The board meeting was legally convened with all seven directors present, and the voting process complied with relevant laws and regulations [1][3] Group 1: Board Meeting Details - The meeting was chaired by Chairman Zhu Changren and took place at the company's office in Hangzhou [1] - All seven directors participated in the voting, with unanimous approval for the election of committee members [1][2] Group 2: Committee Composition - The Audit Committee now includes Liao Hong, Wang Jianjun, and Ni Hailu, with Liao Hong serving as the chairperson [2] - The Strategy and Development Committee consists of Zhu Changren, Zhou Jinhai, and Liu Zhi, with Zhu Changren as the chairperson [2] - The Nomination Committee is made up of Wang Jianjun, Ni Hailu, and Zhu Changren, with Wang Jianjun as the chairperson [2] - The Compensation and Assessment Committee includes Ni Hailu, Liao Hong, and Zhou Jinhai, with Ni Hailu as the chairperson [2]