Sou Hu Cai Jing·2026-01-13 14:47Core Viewpoint - *ST Changyao's stock is at risk of being delisted due to continuous low trading prices and potential financial irregularities [1] Group 1: Stock Performance - As of January 13, 2026, *ST Changyao's stock closed at 0.79 yuan, down 2.47% from the previous trading day [1] - The stock opened at 0.80 yuan, reached a high of 0.83 yuan, and a low of 0.76 yuan, with a trading volume of 45.203 million yuan and a turnover rate of 16.39% [1] Group 2: Risk of Delisting - The company issued a risk warning regarding the potential termination of its stock listing due to trading, financial issues, and significant legal violations [1] - The stock price has been below 1 yuan for nine consecutive trading days, and the market capitalization has been below 300 million yuan for three days [1] - The projected net assets for 2025 are expected to be negative, and the financial report may receive a non-standard opinion [1] - The company has received a preliminary notice of administrative punishment from the CSRC for false records in annual reports from 2021 to 2023, which may lead to mandatory delisting due to significant legal violations [1] - A subsidiary of the company has been declared bankrupt, and a manager has been appointed [1]