What is the delisting risk warning?

The stock market is performing every day, and risks and opportunities exist. At this time, we must avoid risks and seize opportunities. Let me tell you what is the delisting risk warning?

Under what circumstances will there be a delisting risk warning?

Companies that are at risk of delisting their stocks under one of the following circumstances:

(1) Recently The audited net profit for two fiscal years has been negative continuously or has been negative continuously after being restated retrospectively;

(2) The audited net assets at the end of the most recent fiscal year have been negative or have been restated retrospectively It will be a negative value after the restatement;

(3) The audited operating income in the most recent fiscal year is less than 10 million yuan or it is less than 10 million yuan after being restated retrospectively;

(4) The financial accounting report of the most recent fiscal year was issued an audit report with a disclaimer or negative opinion by an accounting firm;

(5) The financial accounting report was audited by China due to major accounting errors or false records. The China Securities Regulatory Commission ordered corrections but failed to make corrections within the prescribed period, and the company's stocks have been suspended from trading for two months;

(6) Failure to disclose the annual report or interim report within the statutory period, and the company's stocks have been suspended from trading for two months month;

(7) The company may be dissolved;

(8) The court accepts the company's application for reorganization, reconciliation or bankruptcy liquidation in accordance with the law;

(9) Since the equity distribution in Article 12.14 does not meet the conditions for listing, the company submitted a plan to solve the equity distribution problem to the Exchange within the prescribed 20 working days, and obtained the Exchange’s approval;

(10) The Exchange determined that Other circumstances.

After the situation in which a delisting risk warning is imposed on a stock transaction is eliminated, the listed company shall apply to the stock exchange to cancel the special treatment, and shall follow the requirements of the exchange in the transaction immediately preceding the cancellation of the delisting risk warning. On the day of the announcement, trading of its stocks and derivatives was suspended for one day. From the date of resumption of trading, the exchange removed the "*ST" in its stock abbreviation.

Listed companies should issue an announcement one trading day before the delisting risk warning is implemented for stock trading.

The audit results of the company listed on the Small and Medium Enterprise Board in the most recent fiscal year show that the company’s external guarantee balance (excluding companies within the scope of consolidated statements) exceeds 100 million yuan and accounts for more than 100% of the net asset value (the main business is (Except companies with guarantees), the Shenzhen Stock Exchange will issue a delisting risk warning for their stock transactions.

If a company listed on the Small and Medium Enterprise Board receives public condemnation from the Shenzhen Stock Exchange and is publicly condemned again by the Shenzhen Stock Exchange within 24 months, the Shenzhen Stock Exchange will issue a delisting risk warning for its stock transactions. .

In fact, many of the stocks that are being delisted come from ST stocks. Except for a very small number of stocks that are directly delisted due to illegal activities, stocks that are generally delisted due to operational problems will be delisted in the future. If the conditions for re-listing can be met, you can still apply for re-listing.