Core Points - *ST Yuancheng has announced that its stock has been below a total market capitalization of 500 million yuan for 20 consecutive trading days, triggering mandatory delisting indicators [1] - The stock will be suspended from trading starting November 11, 2025, and the Shanghai Stock Exchange will issue a notice of proposed termination of listing within five trading days after the delisting condition is met [1] Group 1 - The stock price of *ST Yuancheng hit the daily limit down today, closing at 0.58 yuan, with a total market capitalization of 189 million yuan [4]

Core Viewpoint - *ST Yuancheng's stock has fallen below the delisting threshold, with a market capitalization of 1.89 billion RMB as of November 10, 2025, leading to a potential suspension of trading [1] Company Summary - As of November 10, 2025, *ST Yuancheng's total market capitalization is 1.89 billion RMB, having been below 5 billion RMB for 20 consecutive trading days, which triggers delisting conditions [1] - The company's stock will be suspended from trading starting November 11, 2025 [1] - For the first half of 2025, the revenue composition of *ST Yuancheng is as follows: 97.39% from engineering construction and greening maintenance, 2.04% from landscape design, 0.41% from information services and others, and 0.16% from other sources [1] - The current market capitalization of *ST Yuancheng is reported to be 2 billion RMB [1]

证券代码：603388 证券简称：*ST 元成 公告编号：2025-141 元成环境股份有限公司 关于公司股票触及交易类强制退市的风险提示 暨公司股票停牌的公告 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： 证券停复牌情况：适用 因元成环境股份有限公司（以下简称"公司"）股票出现连续 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，已 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》）规定的交易 类退市指标，根据《股票上市规则》的相关规定，本公司的相关证券停复牌情况 如下： | 证券代码 | 证券简称 | | 停复牌类型 | | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 期间 | | | | 603388 | *ST | 元成 | A 股 | 停牌 | 2025/11/11 | | | | 公司股票 20 ...

根据《股票上市规则》的规定，公司股票自2025年11月11日(周二)开市起停牌。上交所上市委员会在公 司提出听证、陈述和申辩的有关期限届满或者听证程序结束后15个交易日内，就是否终止公司股票上市 事宜进行审议，作出独立的专业判断并形成审议意见。上交所根据上市委员会的审议意见，作出是否终 止股票上市的决定。上交所在公告上市公司股票终止上市决定之日后5个交易日内对其予以摘牌，公司 股票终止上市。 智通财经APP讯，*ST元成(603388.SH)发布公告，公司股票2025年11月10日收盘总市值为1.89亿元，已 连续20个交易日低于人民币5亿元。根据《股票上市规则》第9.2.1条第一款第五项规定，公司股票触及 终止上市条件，可能被上交所终止上市交易。 ...

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 November 7, there are 907 stocks with a circulating market value below 3 billion yuan, and 352 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,635 stocks have a total market value below 5 billion yuan, with 508 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST Yuan Cheng: 199 million yuan - *ST Gao Hong: 430 million yuan - Kuntai Co., Ltd.: 669 million yuan [1] - The three stocks with the smallest total market values are: - *ST Yuan Cheng: 199 million yuan - *ST Gao Hong: 440 million yuan - *ST Su Wu: 697 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 1 billion yuan includes: - *ST Yuan Cheng: 199 million yuan, PE ratio not available, industry: Construction Decoration - *ST Gao Hong: 430 million yuan, PE ratio not available, industry: Communication - Kuntai Co., Ltd.: 669 million yuan, PE ratio 48.66, industry: Automotive - *ST Su Wu: 697 million yuan, PE ratio not available, industry: Pharmaceutical Biology - Kangliyuan: 702 million yuan, PE ratio 36.35, industry: Light Industry Manufacturing [1] - Additional stocks include: - Hongming Co., Ltd.: 739 million yuan, PE ratio not available, industry: Machinery Equipment - Kereisi: 740 million yuan, PE ratio 180.87, industry: Communication - Southeast Electronics: 746 million yuan, PE ratio 63.31, industry: Electronics [1] Additional Stocks Listed - Other notable stocks with low market capitalization include: - Zhenhe Ecology: 897 million yuan, PE ratio not available, industry: Environmental Protection - Sentai Co., Ltd.: 901 million yuan, PE ratio 41.84, industry: Building Materials - Lian Technology: 903 million yuan, PE ratio 52.12, industry: Electronics [2]

截至2025年11月7日收盘，*ST元成(603388)报收于0.61元，下跌4.69%，换手率0.54%，成交量1.74万 手，成交额106.4万元。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 来自交易信息汇总：11月7日主力资金净流出66.52万元，占总成交额62.52%。 来自交易信息汇总：*ST元成当日发生1笔大宗交易，成交金额18.32万元。 来自公司公告汇总：公司股票已连续19个交易日总市值低于5亿元，即使后续1个交易日涨停也将 触及交易类强制退市。 来自公司公告汇总：公司股票已连续10个交易日收盘价低于1元，后续即使连续10个交易日涨停仍 将触及面值退市标准。 来自公司公告汇总：公司因2020年至2022年年报虚假记载，可能被实施重大违法强制退市。 大宗交易 11月7日*ST元成发生1笔大宗交易，成交金额18.32万元。 公司公告汇总 元成环境股份有限公司股票2025年11月7日收盘总市值为1.99亿元，已连续19个交易日低于5亿元，即使 后续1个交易日涨停，也将因连续20个交易日市值低于5亿元而触及交易类强制退 ...

Core Viewpoint - *ST Yuancheng is facing potential delisting due to its market capitalization falling below 500 million yuan and stock price below 1 yuan per share, with a current stock price of 0.61 yuan and a total market value of only 199 million yuan after 20 consecutive trading days of a "limit down" [2][6]. Financial Performance - In the first three quarters of this year, *ST Yuancheng reported revenue of 102 million yuan, a slight increase of 0.1% year-on-year, but continued to incur losses with a net profit attributable to shareholders of -143 million yuan [8]. - For the first half of the year, the company had an operating income of 82.34 million yuan and a net profit of -126.80 million yuan, indicating ongoing financial distress [7]. Regulatory Issues - The company has been issued a notice of administrative penalty by the China Securities Regulatory Commission (CSRC) for false reporting in its annual reports from 2020 to 2022, which included inflated project costs and revenues [8][9]. - The CSRC's findings may lead to a significant violation that could trigger mandatory delisting under stock listing rules, with potential penalties including fines totaling 37.45 million yuan for the company and 42 million yuan for responsible individuals, including a 28 million yuan fine for the actual controller [9]. Future Risks - *ST Yuancheng has been under a risk warning for its stock since October 13, 2025, and if it fails to meet the delisting criteria after the 2025 annual report, it may face termination of its listing [9].

Core Viewpoint - *ST Yuancheng is facing multiple delisting risks due to its market capitalization falling below 500 million yuan and stock price dropping below 1 yuan, which could lead to forced delisting from the stock exchange [1][2][3] Financial Performance - In the first three quarters of the year, the company reported revenue of 102 million yuan and a net loss attributable to shareholders of 143 million yuan [7] - For the third quarter alone, revenue was 20.14 million yuan, a year-on-year decrease of 54.70%, with a net loss of 16.34 million yuan [7] - Revenue figures for the years 2022 to 2024 were 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 [7] Delisting Risks - As of November 7, the company's total market capitalization was 199 million yuan, having been below 500 million yuan for 19 consecutive trading days, which will trigger forced delisting after 20 days [2][3] - The stock price closed at 0.61 yuan on November 7, having been below 1 yuan for 10 consecutive trading days, which also contributes to the delisting risk [3] - The company has received multiple warnings regarding delisting, including a notice from the China Securities Regulatory Commission about significant violations leading to potential forced delisting [9][10] Regulatory Issues - The company has been found to have false records in its annual reports from 2020 to 2022, which included inflated project costs and revenues [9][10] - The company is facing penalties totaling 37.45 million yuan and potential market bans for key personnel due to these violations [10] Operational Challenges - The company has been experiencing a continuous decline in business performance and has been in a state of loss for several years [8] - There are concerns regarding the company's ability to continue as a going concern, with issues such as overdue fundraising and liquidity risks [10]

Core Viewpoint - *ST Yuancheng (603388) has issued multiple risk warnings regarding potential delisting due to its market capitalization falling below the required thresholds and ongoing financial losses [1][2][4][9]. Financial Performance - As of November 7, the company's total market capitalization was 199 million yuan, having been below 500 million yuan for 19 consecutive trading days [2][4]. - The stock price closed at 0.61 yuan on November 7, remaining below 1 yuan for 10 consecutive trading days [4]. - For the first three quarters of the year, the company reported revenue of 102 million yuan and a net loss of 143 million yuan [7]. - Revenue figures for the years 2022 to 2024 were 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 [7][9]. Delisting Risks - The company is at risk of being delisted due to trading-related issues, as it will trigger mandatory delisting after 20 consecutive trading days with a market capitalization below 500 million yuan [2][7]. - Additionally, the company faces risks of major illegal delisting and financial delisting due to identified violations in its financial reports from 2020 to 2022 [9][10]. - The company received a notice from the China Securities Regulatory Commission regarding administrative penalties for false reporting and other violations, which could lead to major illegal delisting [9]. Operational Challenges - The company has been experiencing a continuous decline in business performance and has been in a state of loss for several years [7][8]. - There are concerns regarding the company's ability to continue as a going concern, with uncertainties highlighted in the 2024 audit report [8][11]. - The company is also facing liquidity issues, including overdue fundraising, stock pledges, freezes, and judicial auctions [11].

Core Viewpoint - *ST Yuancheng (603388) is facing imminent delisting risks due to multiple violations, with a total market value of 199 million yuan, which has been below 500 million yuan for 19 consecutive trading days, and the stock price has been below 1 yuan for 10 consecutive trading days [2][3][6] Group 1: Delisting Risks - The company has issued multiple announcements regarding delisting risks, indicating it may face mandatory delisting due to significant violations [2][6] - As of November 7, 2025, the company's market value was 199 million yuan, which is below the 500 million yuan threshold for 20 consecutive trading days, triggering trading-type mandatory delisting [3][6] - The stock price closed at 0.61 yuan on November 7, 2025, and has been below 1 yuan for 10 consecutive trading days, which also contributes to the delisting risk [3][6] Group 2: Regulatory Actions - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding administrative penalties, citing false records in annual reports from 2020 to 2022, which could lead to significant legal consequences [7] - The company has been warned of potential mandatory delisting due to major violations as per the stock listing rules [7] Group 3: Financial Performance - For the third quarter of 2025, the company reported revenues of 102.48 million yuan and a net loss attributable to shareholders of 143.14 million yuan, indicating ongoing financial distress [8] - The company faces uncertainties regarding its ability to continue as a going concern, with overdue fundraising and multiple liquidity risks [8]