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].

6月9日晚间，*ST凌云B（900957）公告称，公司股票收盘价连续20个交易日均低于人民币1元，已触及 交易类强制退市指标，可能被上交所终止上市交易。 据*ST凌云B披露，2025年1—4月，公司上网电量为4766万千瓦时，同比增长27%，电费收入(含税)为 3887万元，同比增长27%。 今年4月23日，*ST凌云B发布公告称，因2024年度经审计的利润总额、净利润、扣除非经常性损益后的 净利润均为负值，且营业收入低于3亿元，公司股票于4月24日停牌，4月25日起实施，实施后公司股票 简称改为*ST凌云B。 *ST凌云B年报显示，2024年公司营业收入为8814.72万元，同比减少28.2%，净利润为-401.65万元，扣 除非经常性损益后的净利润为-787.75万元。 而在此之前，*ST凌云B曾于1月23日发布公告，预计2024年年度净利润为1200万元到1600万元，同比下 降2828万元到2428万元，降幅为70%到60%。扣除非经常性损益后的净利润预计为845万元到1245万 元。 公司股票自2025年6月10日起停牌，上交所将在公司触及交易类强制退市情形后5个交易日内发出终止上 市事先告知书。 ...