Zheng Quan Shi Bao·2025-03-28 14:57Core Viewpoint - Two A-share listed companies, *ST Dongfang and *ST Jiayu, are likely to face delisting due to their stock prices falling below the par value of 1 yuan for an extended period [2][9]. Group 1: *ST Dongfang - *ST Dongfang's stock price closed at 0.58 yuan per share on March 28, marking the tenth consecutive trading day below 1 yuan [2][6]. - Even if *ST Dongfang experiences a series of daily price increases, it is projected that the stock price will not exceed 1 yuan, thus triggering the delisting rule [4][6]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, which could lead to mandatory delisting [8]. Group 2: *ST Jiayu - *ST Jiayu's stock price was reported at 0.54 yuan per share on March 28, having closed below 1 yuan for 19 consecutive trading days [9]. - According to the Shenzhen Stock Exchange's rules, if *ST Jiayu's stock price remains below 1 yuan for 20 consecutive trading days, it will face delisting [9]. - The company has also indicated potential risks of delisting due to projected negative net assets for the fiscal year 2024, estimated between -2.106 billion yuan and -1.956 billion yuan [11]. - The company is undergoing a change in its auditing firm due to previous issues, which may affect the timely completion of its financial audits [12].