Core Viewpoint - *ST Lingyun B has announced that its stock price has been below RMB 1 for 20 consecutive trading days, triggering a mandatory delisting warning from the Shanghai Stock Exchange [1][3]. Group 1: Stock Performance and Delisting Risk - The stock price of *ST Lingyun B closed at 0.086 USD per share, equivalent to RMB 0.6179 per share, as of June 9, indicating a continuous decline [3]. - The company will be suspended from trading starting June 10, 2025, and the Shanghai Stock Exchange will issue a delisting notice within five trading days after the delisting criteria are met [3]. - As of March 31, the company had 20,300 registered shareholders [3]. Group 2: Financial Performance - For the period of January to April 2025, *ST Lingyun B reported an electricity generation of 47.66 million kWh, a year-on-year increase of 27%, with electricity revenue (including tax) of RMB 38.87 million, also up 27% [4]. - The annual report for 2024 indicated a revenue of RMB 88.15 million, a decrease of 28.2%, and a net loss of RMB 4.02 million, with a net loss of RMB 7.88 million after excluding non-recurring items [5]. - The decline in performance was attributed to reduced electricity generation and settlement volumes, influenced by weather conditions and insufficient absorption capacity, along with a decrease in electricity prices [5].
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