The A-share market ushered in the first delisting share in 2022.
On March 22, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) ( Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) . SH) announced that the listing of the company’s shares was terminated by the Shanghai Stock Exchange and will enter the delisting and consolidation period on March 30. If the whole day suspension factor is not considered, the final trading date is expected to be April 21.
At the beginning of March, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) received the supervision letter on matters related to the suspension and termination of listing of the company’s shares issued by the Shanghai Stock Exchange. The reason why Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) was terminated from listing was that its financial fraud falsely increased its revenue, which was less than 10 million yuan for three consecutive years after retroactive adjustment.
According to the regulatory work letter, after retroactive adjustment, the operating income of the company in two consecutive fiscal years in 2018 and 2019 was less than 10 million yuan, and the operating income of the company in 2020 was also less than 10 million yuan, and the accounting firm issued a qualified audit report. The above facts show that the financial indicators from Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) 2018 to 2020 have actually touched the situation of major illegal compulsory delisting stipulated in the original measures for the implementation of major illegal compulsory delisting of listed companies of Shanghai Stock Exchange.
In fact, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) has long been struggling with the “shell protection” line. Before the adjustment, the revenue in 2018 and 2019 was just over 10 million yuan, and the main business was “chicken feather in one place”.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) 1999 was listed on the Shanghai Stock Exchange. Initially, the securities were referred to as Siwei porcelain, known as “the first listed company of professional sanitary ware in China”. However, in 2010, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) was condemned by Shanghai stock exchange for violation of letter phi, and “delisting risk warning” was implemented by Shanghai stock exchange for two consecutive years of losses in 2008 and 2009. In the ten years since then, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) has been warned of delisting risks for several times.
