Ge Long Hui A P P·2025-11-17 10:43Core Viewpoint - *ST Xin Yan (300159.SZ) has received a court ruling to accept its restructuring application, indicating significant financial distress and potential delisting risks [1] Group 1: Court Ruling and Restructuring - Xin Yan and its subsidiary Sichuan Xin Hang Titanium Technology Co., Ltd. have received a civil ruling from the Urumqi Intermediate People's Court to accept their restructuring applications [1] - The court has appointed Beijing Jindu Law Firm and Xinjiang Jucheng Law Firm as joint administrators, with Dou Ganggui as the responsible person [1] Group 2: Financial Status and Stock Trading - As of the end of the audited period for 2024, Xin Yan's net assets attributable to the parent company are negative, leading to a delisting risk warning from the Shenzhen Stock Exchange [1] - Following the court's acceptance of the restructuring, Xin Yan's stock will receive an additional delisting risk warning effective November 18, 2025, with a daily price fluctuation limit of 20% [1]