Shanghai Lingyun Industries Development (SH:900957) Zheng Quan Zhi Xing·2025-05-28 09:22Core 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 for an extended period [1][2][3]. Group 1: Stock Price and Market Capitalization - As of May 28, 2025, the company's stock closed at 0.110 USD per share, equivalent to 0.7911 CNY per share, which has been below 1 CNY for 13 consecutive trading days [1][3]. - The total market capitalization on May 28, 2025, was 276 million CNY, which has been below 300 million CNY for 10 consecutive trading days [2][3]. Group 2: Regulatory Framework - According to the Shanghai Stock Exchange Listing Rules, if a company's stock price remains below 1 CNY for 20 consecutive trading days, it may face delisting [2][3]. - The same rules state that if a company's market capitalization is below 300 million CNY for 20 consecutive trading days, it may also be subject to delisting [2][3]. Group 3: Disclosure Requirements - The company is required to disclose risk warning announcements upon the first occurrence of its stock price falling below 1 CNY and subsequently for every 10 trading days it remains below this threshold [3][5]. - The company has issued multiple risk warning announcements regarding the potential for delisting, with the latest being the sixth warning [5][6].