Yuancheng(SH:603388) Xin Hua Cai Jing·2025-11-10 14:13Core Viewpoint - *ST Yuancheng has triggered the mandatory delisting criteria due to its stock market capitalization falling below 500 million yuan for 20 consecutive trading days, leading to a suspension of trading starting November 11, 2025 [1][3]. Group 1: Stock Performance and Market Capitalization - As of November 10, the company's stock price was 0.58 yuan, with a total market capitalization of 1.89 million yuan [5]. - The company has experienced a continuous decline, with 21 consecutive trading days of a locked-down stock price since October 13 [5]. Group 2: Regulatory Actions and Financial Issues - The company faced administrative penalties from the China Securities Regulatory Commission (CSRC) due to false reporting in its annual reports from 2020 to 2022 and fabricating significant false content in its 2022 non-public stock issuance documents, with a proposed fine of 37.45 million yuan [5]. - The Shanghai Stock Exchange has issued a notice indicating that *ST Yuancheng's stock has met the conditions for termination of listing [3]. Group 3: Company Background - Founded in 1999 and headquartered in Hangzhou, Zhejiang, *ST Yuancheng operates in project planning, design, and construction within the ecological landscape, green environmental protection, and leisure tourism sectors [5]. - As of the end of the third quarter of 2025, the company had approximately 12,600 shareholders [6].