Yuancheng(SH:603388) Shang Hai Zheng Quan Bao·2025-07-30 18:03Core Viewpoint - The company is facing significant risks of forced delisting due to alleged financial data misrepresentation in its annual reports, leading to an investigation by the China Securities Regulatory Commission (CSRC) [2] Group 1: Judicial Auction of Shares - The company's controlling shareholder, Zhu Changren, has had 7,800,000 shares auctioned, representing 17.30% of his holdings and 2.39% of the company's total shares [2][3] - The auction concluded with a total transaction amount of RMB 16,080,000, and the final results depend on the court's ruling [2][6][7] - If the shares are successfully transferred, Zhu's total holdings will decrease from 45,075,520 shares to 37,275,520 shares, reducing his ownership percentage from 13.84% to 11.44% [3][9] Group 2: Company Operations and Contracts - From April 1 to June 30, 2025, the company signed 6 new project contracts with a total value of RMB 2.2185 million, including 4 planning and design contracts [13] - For the year 2025, the company has cumulatively signed 35 contracts worth RMB 39.7555 million, all of which are currently in execution [13]