603388，锁定退市！

Core Viewpoint - *ST Yuancheng is facing imminent delisting risks due to its market capitalization falling below 500 million yuan and stock price remaining below 1 yuan for consecutive trading days [1][2][4]. Group 1: Delisting Risks - As of November 7, the total market capitalization of *ST Yuancheng was 199 million yuan, having been below 500 million yuan for 19 consecutive trading days [2][4]. - The stock price closed at 0.61 yuan on November 7, remaining below 1 yuan for 10 consecutive trading days [2][4]. - The company is set to face trading-type mandatory delisting after November 10 due to these conditions [4]. Group 2: Regulatory Actions - On October 10, the company received a notice from the China Securities Regulatory Commission regarding administrative penalties for false reporting in its annual reports from 2020 to 2022 [5]. - The company is at risk of being subjected to mandatory delisting due to significant violations of regulations, including fabricating major false content in its non-public stock issuance documents [5]. Group 3: Financial Performance - For the third quarter of 2025, the company reported revenues of 102.48 million yuan and a net loss attributable to shareholders of 143.14 million yuan [6]. - The company faces uncertainties regarding its ability to continue operations, overdue fundraising, and multiple liquidity risks [6].