IPO日报·2025-05-22 09:16Core Viewpoint - The article discusses the recent delisting of two companies, Yulong Co. and AVIC Capital, from the Shanghai Stock Exchange due to significant operational challenges and declining financial performance [1][3][5]. Group 1: Delisting Process - AVIC Capital announced its stock would be delisted on May 27, 2025, following a decision by the Shanghai Stock Exchange on May 20, 2025, without entering a trading period for delisting [1][4]. - Yulong Co. also faced a similar fate, with its stock set to be delisted on the same date, having initiated the delisting process on March 21, 2025, due to poor financial conditions [3][5]. Group 2: Financial Performance - AVIC Capital's financial performance has deteriorated significantly, with total revenues dropping from 183.41 billion in 2020 to 169.39 billion in 2023, and net profits plummeting from 32.74 billion to 2.90 billion in the same period [6]. - The company failed to disclose its 2024 annual report and Q1 2025 report, citing major uncertainties in operations that could have significant impacts [7]. - The latest forecast indicates a projected net loss of 48 million for 2024, with a significant decline in revenue and fees due to business restructuring and adverse macroeconomic conditions [7].