Shen Zhen Shang Bao·2025-12-18 17:23Core Viewpoint - A total of 9 companies have voluntarily delisted this year, with 5 due to absorption mergers and 4 through privatization methods such as tender offers, indicating a trend towards more companies opting for voluntary delisting as regulatory channels for delisting diversify [1][2] Group 1: Company Delisting Trends - 9 companies have voluntarily delisted this year, with 5 involved in absorption mergers and 4 through privatization [1] - Companies that have announced or completed voluntary delisting include Yulong Co., Ltd., AVIC Capital, Tianmao Co., Ltd., Hangzhou Steam Turbine B, Dongxing Securities, and others [1] - The delisting of companies like Hangzhou Steam Turbine B and Dongxing Securities is attributed to absorption mergers, while Yulong Co., Ltd. and others have chosen voluntary delisting due to poor performance or financial difficulties [1] Group 2: Reasons for Delisting - Yulong Co., Ltd. faced severe operational stagnation and cash flow issues, leading to a lack of self-sustaining capability [2] - AVIC Capital, the first financial holding company listed in A-shares, cited significant operational uncertainties that could have major impacts [2] - Industry insiders suggest that voluntary delisting is a strategic choice for controlling shareholders to mitigate greater risks, allowing for better planning and reduced compliance costs [2]