Sou Hu Cai Jing·2026-01-22 18:56Group 1 - The stock price of ST Lingnan (002717) closed at 1.62 yuan on January 22, 2026, down by 0.61%, with a turnover rate of 1.57% and a trading volume of 253,200 shares, amounting to a transaction value of 40.97 million yuan [1] - On January 22, 2026, the net outflow of main funds was 4.45 million yuan, while retail investors saw a net inflow of 3.15 million yuan [3] - The company has reported a total of approximately 131.41 million yuan in new litigation and arbitration cases over the past twelve months, which accounts for 12.34% of the latest audited net assets [1][3] Group 2 - The "Lingnan Convertible Bonds" have been downgraded to a C rating due to the company's insufficient cash flow, which has led to an inability to pay interest and principal on time [1][3] - The company is facing significant liquidity pressure and ongoing operational risks, with a substantial decline in revenue and continued net losses projected for 2024 [1] - There is a risk of the company's stock being delisted if the share price falls below 1 yuan [1]