Mei Ri Jing Ji Xin Wen·2025-12-24 03:54Core Viewpoint - *ST Dongyi has announced a risk warning regarding the downward adjustment of its stock price due to a capital reserve increase, with an average price of 5.89 yuan per share for the stock increase, making the adjustment inevitable based on the share registration date [1][7]. Group 1: Stock Adjustment Details - The company will implement a capital reserve increase of 12.7 shares for every 10 shares based on its total share capital of 420 million shares, resulting in a new total of 950 million shares [5]. - The stock registration date for the capital reserve increase is set for December 29, 2025, and the current stock price is 10.42 yuan per share, indicating that the adjustment is imminent [7]. Group 2: Market Reactions and Historical Context - Previous cases such as *ST Mingjia and *ST Ningke have shown that stocks can experience a premium recovery after adjustment, raising questions about whether *ST Dongyi can replicate this effect [4][11]. - The stock price of *ST Dongyi increased by 250% from September 25 to November 19 due to expectations surrounding the restructuring, but it has since declined following the announcement of the restructuring plan [7][9]. - The adjustment effect has caused investor concerns, as existing shareholders will not receive additional shares, leading to a direct loss in account assets [9]. Group 3: Future Expectations - The potential for a price recovery post-adjustment will depend on market perceptions of the restructuring's success and improvements in the company's operations, rather than the adjustment itself [12]. - Similar restructuring plans have been announced by other companies, such as *ST Yatai, which also faces stock price adjustments based on its registration date [12].