Yuancheng(SH:603388) Sou Hu Cai Jing·2025-11-09 19:29Summary of Key Points Core Viewpoint - *ST Yuan Cheng (603388) is facing significant financial distress, with potential risks of forced delisting due to continuous low market capitalization and stock price below regulatory thresholds [3][4]. Trading Information - On November 7, 2025, *ST Yuan Cheng closed at 0.61 yuan, down 4.69%, with a turnover rate of 0.54% and a trading volume of 17,400 shares, amounting to a total transaction value of 1.064 million yuan [1]. - The net outflow of main funds was 665,200 yuan, accounting for 62.52% of the total transaction value, while retail investors saw a net inflow of 459,500 yuan, representing 43.19% of the total [1][4]. - A block trade occurred on November 7, with a transaction amount of 183,200 yuan [2][4]. Company Announcements - The total market capitalization of Yuan Cheng Environment Co., Ltd. was 199 million yuan as of November 7, 2025, having been below 500 million yuan for 19 consecutive trading days, which could lead to forced delisting if it continues [3][4]. - The stock price has been below 1 yuan for 10 consecutive trading days, which also risks triggering delisting standards [3][4]. - The company received a notice from the China Securities Regulatory Commission regarding administrative penalties due to false records in annual reports from 2020 to 2022, which may result in significant legal consequences and forced delisting [3][4]. - The net profit for the first half of 2025 was reported at -126.795 million yuan, indicating ongoing uncertainty in the company's ability to continue operations [3].