今日终止上市摘牌，8万股东无奈共赴退市结局！

Core Points - A state-owned telecommunications company has been delisted after its stock price plummeted from 19.8 yuan to 0.38 yuan, resulting in over 90% losses for investors [1][4] - The company faced a record 34 consecutive trading halts, with the last trading day seeing no price recovery [1][4] - The firm was found to have inflated its revenue by 20 billion yuan and engaged in fraudulent issuance over a nine-year period, leading to severe penalties from regulatory authorities [1][4] Financial Performance - The company's stock price experienced a dramatic decline, with a 99% drop compared to the average 80% decline seen in other delisted A-share companies [7] - The total market value of the company fell to 440 million yuan, while it reported a loss of 22.37 billion yuan for the year 2024, equivalent to losing five times its market value [7] - The company also reported a loss of 4.32 billion yuan in its third-quarter report, indicating ongoing financial distress [7] Investor Impact - Approximately 83,850 investors suffered significant losses, with some losing up to 94% of their investments made last year [3][7] - The allure of investing in a state-owned enterprise led many investors to overlook the risks, resulting in substantial financial losses [7] - The delisting incident highlights the low cost of financial fraud and the need for investors to be more vigilant and informed about financial reports [7]