Ji Yao Holding(SZ:300108) 证券时报·2025-04-21 15:48Core Viewpoint - The number of companies facing delisting due to their stock prices falling below par value has significantly increased in the A-share market, with specific cases highlighting the trend [1][8]. Group 1: Company Specifics - *ST Jiyuan (300108.SZ) has seen its stock price drop to 0.30 yuan, marking the 18th consecutive trading day below 1 yuan, indicating a potential early lock on par value delisting [2][4]. - The company has reported continuous losses in recent years, with a projected net loss of 500 million to 850 million yuan for the fiscal year 2024, and an expected negative net asset value of -1.18 billion to -830 million yuan [6][10]. - As of April 21, 2023, *ST Jiyuan's market capitalization was less than 300 million yuan, posing a risk of delisting based on market value as well [7]. Group 2: Industry Trends - Recent statistics indicate a rise in A-share companies that have received notices for potential delisting due to their stock prices remaining below 1 yuan for 20 consecutive trading days, including *ST Xulan, *ST Jiayu, *ST Dongfang, and *ST Furun [9]. - *ST Furun has been flagged for both par value and market value delisting, having received a notice from the Shanghai Stock Exchange on April 10, 2025, due to its stock price and market capitalization falling below the required thresholds [9]. - Companies like *ST Jiayu are facing significant operational challenges, with a reported 59.94% decline in sales revenue to 482 million yuan, and a net loss of 356 million yuan for 2024 [10].