Jiayu (SZ:300117) 21世纪经济报道·2025-04-01 00:06Core Viewpoint - *ST Jiayu faces delisting risk due to its stock price falling below 1 yuan for twenty consecutive trading days, leading to a potential suspension of trading starting April 1, 2025 [1][4]. Group 1: Stock Price and Delisting Risk - On March 31, *ST Jiayu announced that its stock price had closed below 1 yuan for twenty consecutive trading days, triggering delisting regulations [1]. - The stock price first fell below 1 yuan on February 11, 2025, when it closed at 0.97 yuan per share [4]. - Throughout January and February 2025, *ST Jiayu's stock price fluctuated, dipping below 1 yuan on multiple occasions but recovering above 1 yuan shortly after [6][7]. Group 2: Financial Health - *ST Jiayu is projected to have a negative net asset value between -2.106 billion yuan and -1.956 billion yuan by the end of the 2024 fiscal year, which could also lead to delisting if confirmed by an audit [8]. - The company has previously managed to avoid delisting by experiencing temporary stock price recoveries, but the ongoing financial instability raises concerns [6]. Group 3: Company Background - *ST Jiayu, known as Jiayu Holdings Co., Ltd., is recognized as the first publicly listed company in China specializing in energy-saving doors and windows [5]. - The company integrates research and development, design, production, and construction in the fields of building energy efficiency, smart technology, and photovoltaic systems [5].