21个跌停板，603388，触及强制退市

Core Viewpoint - *ST Yuancheng has received a notice from the Shanghai Stock Exchange regarding the proposed termination of its stock listing due to its market capitalization falling below 500 million yuan for 20 consecutive trading days [1][5]. Group 1: Stock Performance - On November 10, *ST Yuancheng's stock opened at a limit down, marking its 21st consecutive day of decline, with the share price dropping to 0.58 yuan per share and the market capitalization falling to 190 million yuan [3]. - The company has been under scrutiny due to its financial performance, with a reported net loss exceeding 500 million yuan over the past three years [8]. Group 2: Regulatory Actions - The company received a regulatory letter from the Shanghai Stock Exchange requiring it to disclose risks and manage the termination of its stock listing appropriately [5]. - Earlier, *ST Yuancheng was issued an administrative penalty notice by the China Securities Regulatory Commission for false reporting in its annual reports and significant falsifications in its non-public stock issuance documents, with a proposed fine of 37.4546 million yuan [8]. Group 3: Business Overview - Founded in 1999, *ST Yuancheng focuses on environmental services, leisure tourism, and green environmental protection, while also exploring the semiconductor sector to diversify its revenue streams [8]. - For the first three quarters of this year, the company reported revenue of 102 million yuan, a year-on-year increase of 0.1%, but incurred a net loss of 143 million yuan [8].