Shanghai Lingyun Industries Development (SH:900957) Zheng Quan Zhi Xing·2025-05-23 08:22Core Viewpoint - Shanghai Lingyun Industrial Development Co., Ltd. is at risk of being delisted due to its stock price and market capitalization falling below regulatory thresholds [1][2][3] Summary by Sections Stock Price and Market Capitalization - As of May 23, 2025, the company's stock closed at 0.095 USD per share, equivalent to 0.6834 RMB per share, which has been below 1 RMB for 10 consecutive trading days [1][3] - The total market capitalization on the same date was 2.38 billion RMB, which has been below 3 billion RMB for 7 consecutive trading days [2][3] Regulatory Framework - According to the Shanghai Stock Exchange Listing Rules, if a company’s stock price remains below 1 RMB for 20 consecutive trading days, it may face delisting [1][2] - The same rules state that if a company's total market capitalization is below 3 billion RMB for 20 consecutive trading days, it may also be subject to delisting [2][3] Disclosure Requirements - The company is required to disclose risk warning announcements when its stock price first falls below 1 RMB and subsequently if it remains below this threshold for 10 consecutive trading days [3][4] - The company has issued multiple risk warning announcements, with the first on May 13, 2025, and the second on May 16, 2025 [4] Other Matters - The company plans to implement a share buyback to enhance shareholder value and investor confidence, adhering to relevant regulations [4][5]