Shanghai Lingyun Industries Development (SH:900957) Zheng Quan Zhi Xing·2025-05-15 11:25Core Viewpoint - Shanghai Lingyun Industrial Development Co., Ltd. is at risk of being delisted due to its stock market performance, with a total market capitalization falling below RMB 3 billion and stock prices consistently below RMB 1 [1][2][3]. Group 1: Reasons for Potential Delisting - The company's stock closed at a total market value of RMB 2.94 billion on May 15, 2025, which is the first time it has fallen below RMB 3 billion [1]. - The stock price was reported at USD 0.117 per share, equivalent to RMB 0.8424 per share, and has been below RMB 1 for four consecutive trading days [2][3]. - According to the Shanghai Stock Exchange's listing rules, if a company’s stock price remains below RMB 1 for 20 consecutive trading days, it may face delisting [2][3]. Group 2: Disclosure of Delisting Risk - The company is required to disclose a risk warning if its stock price falls below RMB 1 for the first time, and must continue to disclose this risk for each trading day until the situation is resolved or delisting occurs [3][4]. - The company issued its first risk warning on May 13, 2025, after its stock price fell below RMB 1 [3][4]. - The company must also disclose if its total market capitalization falls below RMB 3 billion for the first time, and continue to do so for each trading day until the situation changes [3][4]. Group 3: Other Matters - The company has confirmed that its production and operational conditions remain normal, with no significant changes in the internal and external business environment [4]. - The board of directors is closely monitoring the stock's performance and will fulfill its information disclosure obligations as required by regulations [4].