Core Viewpoint - A total of 178 companies in the Shanghai and Shenzhen stock markets are at risk of triggering financial delisting indicators based on their Q3 reports, indicating a potential for delisting risk warnings if their Q4 performance does not improve [2][3]. Financial Indicators - Among the 178 companies, 145 are from the main board with "net profit loss + revenue below 300 million" criteria, while 33 are from the Sci-Tech Innovation Board and Growth Enterprise Market with "net profit loss + revenue below 100 million" [3]. - Specific companies like Shahe Co., China High-Tech, and Renzhi Co. reported revenues of 20.86 million, 62.97 million, and 68.54 million respectively, indicating significant shortfalls from the 300 million revenue threshold [3][4]. Company Actions - Companies are taking various measures to "self-rescue," including mergers, asset sales, and restructuring efforts to improve their financial standings [6]. - Shahe Co. is planning a major asset restructuring to acquire 70% of Shenzhen Jinghua Display Electronics Co., which has shown strong profitability in recent years [6]. - ST Lingda is attempting to undergo bankruptcy restructuring, having reported a revenue of 89.09 million, which is close to the 100 million target for the year [7]. Regulatory Environment - The new delisting regulations stipulate that companies failing to meet specific financial criteria will face delisting risk warnings, with the potential for mandatory delisting if conditions do not improve [2][4]. - The regulatory environment has become stricter, prompting companies to adopt more standardized approaches to maintain their listings [2]. Market Trends - As companies approach the end of the fiscal year, there is an increased urgency to secure large contracts, as seen with Hopu Co. signing a 520 million contract for energy storage systems [8][9].