Core Viewpoint - The company *ST Lingyun B is facing potential delisting due to its stock price being below 1 yuan for 20 consecutive trading days, marking it as the first B-share to potentially delist for this reason in 2025 [2][4][6]. Group 1: Company Announcement - On June 9, 2025, *ST Lingyun B received a notice from the Shanghai Stock Exchange regarding the proposed termination of its stock listing [4][6]. - The company will suspend trading of its stock starting June 10, 2025, following the receipt of the delisting notice [6][7]. - The company has the right to request a hearing and make statements regarding the delisting decision [6][7]. Group 2: Historical Context - Historically, B-share delistings are rare, and instances of delisting due to a stock price falling below 1 yuan for 20 consecutive trading days are even less common [8][9]. - The last recorded B-share to be delisted for similar reasons was ST Dongxu B, which was delisted on October 11, 2024 [9]. - Another B-share, Jianche B, was delisted due to market value regulations on August 22, 2024 [10].

Core Viewpoint - The company *ST Lingyun B is facing potential delisting due to its stock price being below 1 yuan for 20 consecutive trading days, marking it as the first B-share to potentially delist for this reason in 2025 [1][8]. Summary by Sections - **Delisting Announcement**: On June 9, *ST Lingyun B received a notice from the Shanghai Stock Exchange regarding the potential termination of its stock listing due to the stock price falling below 1 yuan for 20 consecutive trading days [4][6]. - **Historical Context**: Historically, B-share delistings are rare, and instances of delistings due to a stock price below 1 yuan are even less common [2][10]. - **Company Background**: Established in December 1998, *ST Lingyun B primarily engages in photovoltaic power generation and commercial property management, with electricity revenue being its main income source [7]. - **Next Steps**: Following the notice, the company can request a hearing or make statements regarding the delisting. The Shanghai Stock Exchange will review the case and make a final decision within 15 trading days after the hearing process [6][4].

Core Viewpoint - *ST Lingyun B has announced that its stock price has been below RMB 1 for 20 consecutive trading days, triggering a mandatory delisting warning from the Shanghai Stock Exchange [1][3]. Group 1: Stock Performance and Delisting Risk - The stock price of *ST Lingyun B closed at 0.086 USD per share, equivalent to RMB 0.6179 per share, as of June 9, indicating a continuous decline [3]. - The company will be suspended from trading starting June 10, 2025, and the Shanghai Stock Exchange will issue a delisting notice within five trading days after the delisting criteria are met [3]. - As of March 31, the company had 20,300 registered shareholders [3]. Group 2: Financial Performance - For the period of January to April 2025, *ST Lingyun B reported an electricity generation of 47.66 million kWh, a year-on-year increase of 27%, with electricity revenue (including tax) of RMB 38.87 million, also up 27% [4]. - The annual report for 2024 indicated a revenue of RMB 88.15 million, a decrease of 28.2%, and a net loss of RMB 4.02 million, with a net loss of RMB 7.88 million after excluding non-recurring items [5]. - The decline in performance was attributed to reduced electricity generation and settlement volumes, influenced by weather conditions and insufficient absorption capacity, along with a decrease in electricity prices [5].