Yuancheng(SH:603388) Xin Lang Cai Jing·2025-10-31 09:32Core Viewpoint - *ST Yuancheng announced that its stock price experienced a significant decline, indicating potential risks related to forced delisting and financial instability [1] Group 1: Stock Performance - The company's stock price fell over 12% in total over three consecutive trading days from October 29 to 31, indicating abnormal volatility [1] - As of October 31, the total market value was 254 million yuan, which has been below 500 million yuan for 14 consecutive days [1] - The closing price was 0.78 yuan, remaining below 1 yuan for five consecutive days [1] Group 2: Delisting Risks - The company faces multiple risks related to forced delisting, including trading-related and major legal violations [1] - There were false records in the annual reports from 2020 to 2022, and fabricated content in the 2022 non-public issuance documents [1] Group 3: Financial Performance - For the first half of 2025, the company reported revenue of 82.34 million yuan and a net loss of 126.80 million yuan [1] - Additional risks include concerns over ongoing operations, fundraising, and stock pledges [1]