Sou Hu Cai Jing·2026-01-14 14:50Core 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 14, 2026, *ST Changyao's stock closed at 0.78 yuan, down 1.27% from the previous trading day [1] - The stock opened at 0.79 yuan, reached a high of 0.82 yuan, and a low of 0.77 yuan, with a trading volume of 33.24 million yuan and a turnover rate of 11.98% [1] Group 2: Risk of Delisting - The company issued its seventh 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 ten consecutive trading days, and the market capitalization has been below 300 million yuan for four days [1] - The estimated net assets for the end of 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 its annual reports from 2021 to 2023, which may lead to mandatory delisting [1] - A subsidiary of the company has also been declared bankrupt, and related risk warnings have been issued multiple times [1]