11月17日，节能铁汉涨1.38%，成交额1.23亿元。两融数据显示，当日节能铁汉获融资买入额849.99万 元，融资偿还2472.20万元，融资净买入-1622.21万元。截至11月17日，节能铁汉融资融券余额合计2.03 亿元。 责任编辑：小浪快报 融资方面，节能铁汉当日融资买入849.99万元。当前融资余额2.03亿元，占流通市值的3.11%，融资余 额低于近一年10%分位水平，处于低位。 截至10月31日，节能铁汉股东户数5.32万，较上期增加0.61%；人均流通股55699股，较上期减少 0.60%。2025年1月-9月，节能铁汉实现营业收入6.06亿元，同比减少37.09%；归母净利润-8.78亿元，同 比减少38.61%。 分红方面，节能铁汉A股上市后累计派现4.28亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，节能铁汉十大流通股东中，香港中央结算有限公司退出十大流通 股东之列。 融券方面，节能铁汉11月17日融券偿还0.00股，融券卖出900.00股，按当日收盘价计算，卖出金额 1980.00元；融券余量2600.00股，融券余额5720.00元，低于近一年40% ...

Core Viewpoint - *ST Yuancheng has triggered the mandatory delisting criteria due to its stock market capitalization falling below 500 million yuan for 20 consecutive trading days, leading to a suspension of trading starting November 11, 2025 [1][3]. Group 1: Stock Performance and Market Capitalization - As of November 10, the company's stock price was 0.58 yuan, with a total market capitalization of 1.89 million yuan [5]. - The company has experienced a continuous decline, with 21 consecutive trading days of a locked-down stock price since October 13 [5]. Group 2: Regulatory Actions and Financial Issues - The company faced administrative penalties from the China Securities Regulatory Commission (CSRC) due to false reporting in its annual reports from 2020 to 2022 and fabricating significant false content in its 2022 non-public stock issuance documents, with a proposed fine of 37.45 million yuan [5]. - The Shanghai Stock Exchange has issued a notice indicating that *ST Yuancheng's stock has met the conditions for termination of listing [3]. Group 3: Company Background - Founded in 1999 and headquartered in Hangzhou, Zhejiang, *ST Yuancheng operates in project planning, design, and construction within the ecological landscape, green environmental protection, and leisure tourism sectors [5]. - As of the end of the third quarter of 2025, the company had approximately 12,600 shareholders [6].

Core Viewpoint - *ST Yuancheng (603388) is facing the risk of "market value delisting" due to its stock closing below 500 million yuan for 20 consecutive trading days, triggering mandatory delisting indicators [3][4]. Group 1: Delisting Risk - The company announced that its stock will be suspended from trading starting November 11, 2025, pending a review by the Shanghai Stock Exchange on whether to terminate its listing [4]. - As of October 14, the company's market value was 485 million yuan, marking the first time it fell below the 500 million yuan threshold [5]. - The stock has experienced a continuous decline, with a recent price of 0.58 yuan per share and a market value of 190 million yuan, alongside 11 consecutive trading days below par value [5]. Group 2: Legal and Compliance Issues - In addition to market value delisting, *ST Yuancheng faces risks of mandatory delisting due to significant legal violations, as the China Securities Regulatory Commission issued a notice regarding false records in annual reports from 2020 to 2022 [5]. - If the subsequent administrative penalty confirms these violations, the company's stock will be terminated from listing [5]. Group 3: Financial Performance - The company has been under risk warnings and has reported a continuous decline in revenue, with a 0.1% year-on-year increase in revenue to 102 million yuan for the first three quarters of this year, while net profit remained at a loss of 143 million yuan [7]. - The company has faced three consecutive years of losses, raising concerns about its ability to continue as a going concern [6].

Core Viewpoint - The company,节能铁汉, is experiencing a decline in revenue and net profit, with significant changes in financing and shareholder structure, indicating potential challenges in its operational performance and market position [1][2][3]. Financing Summary - On October 9,节能铁汉 had a financing buy-in amount of 12.51 million yuan, with a net financing outflow of -2.63 million yuan, indicating a higher level of financing activity [1]. - The total financing balance as of October 9 is 269 million yuan, accounting for 4.07% of the circulating market value, which is above the 70th percentile of the past year [1]. - The company had no short-selling activity on October 9, with a short-selling balance of 9,143 yuan and a remaining short-selling volume of 4,100 shares, also above the 70th percentile of the past year [1]. Operational Performance - For the first half of 2025,节能铁汉 reported an operating income of 516 million yuan, a year-on-year decrease of 20.90%, and a net profit attributable to shareholders of -583 million yuan, down 41.89% year-on-year [2]. - The company has not distributed any dividends in the past three years, with a total payout of 428 million yuan since its A-share listing [3]. Shareholder Structure - As of September 30,节能铁汉 had 53,400 shareholders, a decrease of 1.24% from the previous period, with an average of 55,492 circulating shares per shareholder, an increase of 1.26% [2]. - Hong Kong Central Clearing Limited is the ninth largest circulating shareholder, having newly acquired 12.37 million shares [3].

Group 1 - The company, Jieneng Ironman, stated that its main business covers four major areas: ecological restoration, ecological environmental protection, ecological landscape, and ecological technology [2]