Sou Hu Cai Jing·2026-01-20 09:43Group 1 - The stock of *ST Changyao (300391) closed at 0.53 yuan on January 20, 2026, marking a 20.45% increase from the previous trading day, with a total market capitalization of 186 million yuan [1] - The stock has experienced a trading range between 0.44 yuan and 0.53 yuan on the same day, with a trading volume of 26.81 million yuan and a turnover rate of 15.09% [1] - Changjiang Pharmaceutical Holdings Co., Ltd. issued its tenth risk warning regarding the potential delisting of its stock, indicating that the stock price has been below 1 yuan for thirteen consecutive trading days and the market value has been below 300 million yuan for seven consecutive trading days [1] Group 2 - The company is projected to have negative net assets by the end of 2024 and is expected to continue this trend into 2025 [1] - The annual reports from 2021 to 2023 have been found to contain false records, leading to an investigation by the China Securities Regulatory Commission and the receipt of an administrative penalty notice [1] - The company faces significant risks including overdue debts, frozen bank accounts, and bankruptcy of subsidiaries [1]