In 2022, the first “1 yuan delisting” company, that is, the previously called “face value delisting” company, is coming. This company is Egls Co.Ltd(002619) .
On March 24, Egls Co.Ltd(002619) closed at 0.72 yuan. The closing price has been lower than 1 yuan for 15 consecutive trading days. According to the calculation, even if the daily limit rises for the next five trading days, the share price will still be lower than 1 yuan, thus touching the delisting rule that the closing price is lower than 1 yuan for 20 consecutive trading days.
Companies that touch the “1 yuan delisting” standard will no longer have a delisting consolidation period, which means that Egls Co.Ltd(002619) there will be only five trading days left in the A-share market.
year’s first “RMB 1 delisting” company came
According to the market data, at the closing on March 24, Egls Co.Ltd(002619) ( Egls Co.Ltd(002619) . SZ) was reported at 0.72 yuan, which is the 15th consecutive trading day when the closing price of the company is less than 1 yuan.
According to the daily limit range of ST shares, even if the limit is increased every day for the next five trading days, the closing price of Egls Co.Ltd(002619) will be lower than 1 yuan, which means that the closing price will be lower than 1 yuan for 20 consecutive trading days, touching the “1 yuan delisting” provision.
The closing price of the company’s shares listed on the Shenzhen stock exchange is only RMB 2021.2 per day, or the company’s shares are only listed on the Shenzhen stock exchange for 20 consecutive days through the revised rules of 2021.2.
It is worth noting that, according to the provisions of the Shenzhen Stock Exchange Stock Listing Rules (revised in 2022), after the shares of listed companies are forcibly delisted by the exchange, they enter the delisting consolidation period, except for those whose listing is terminated due to the transaction type compulsory delisting. This means that there will be no delisting consolidation period after the trading compulsory delisting company has made the decision to terminate the listing.
This means that Egls Co.Ltd(002619) will only have five trading days left in the trading time of a shares.
According to the data, the corresponding securities code of Egls Co.Ltd(002619) , formerly known as Julong management, was listed on A-Shares in September 2011.
In July 2017, Julong Pipe Co., Ltd. issued an announcement to change its full name and securities abbreviation.
According to the above announcement, after the sale of the company’s original concrete water pipeline business and its related assets, the company’s main business has been changed to Internet information services, software services and cultural industry. The company is committed to becoming an international mobile entertainment content provider and operator service provider based on new media big data. The original company name mainly reflects the business attribute of concrete water pipeline business, It cannot accurately reflect the current business structure of the company. In order to better reflect the characteristics of the main business and publicize the company’s business brand, the management of the company plans to change the company’s full name and securities abbreviation, and the securities code remains unchanged.
According to the above announcement, as of December 31, 2016, the total operating revenue of the company was 56297899685 yuan, of which the total revenue of non-metallic mineral products industry was 21747694840 yuan, accounting for 38.63% of the company’s operating revenue; The total revenue of mobile terminal game industry is 34275178868 yuan, accounting for 60.88% of the company’s operating revenue. The company’s business structure has undergone significant changes and has formed a profit structure focusing on mobile game development, operation and agency business. The business attribute of concrete water pipeline under the company’s current name can no longer fully cover the company’s current business development scope. Therefore, in order to make the company’s name accurately reflect the company’s current business structure and better reflect the company’s strategic layout and development power, the company plans to change its full name and securities abbreviation and keep the securities code unchanged.
On August 15, 2017, Julong management announced that the change of the company’s full name, securities abbreviation and business scope was completed, and the changed securities abbreviation was Agras.
The share price of glass has fallen by more than 50% since 2022, while the biggest adjustment since the highest price in history has exceeded 95%.
Statistics show that in recent years, the number of shareholders of glass is more than 50000.
previously revised the performance forecast for 2021 twice
On January 25, 2021, Egls Co.Ltd(002619) issued the performance forecast for 2021. According to the performance forecast announcement, the company expects the net profit attributable to the shareholders of the listed company in 2021 to be a loss of 756688 million yuan – 1135032 million yuan, and the net profit after deducting non recurring profits and losses to be a loss of 742175 million yuan – 927718 million yuan.
Subsequently, on February 15, 2021, the company issued the revised announcement of 2021 annual performance forecast. The revised announcement of the performance forecast shows that the company expects the net profit attributable to the shareholders of the listed company in 2021 to be a loss of 4597447 million yuan – 5619102 million yuan, and the net profit after deducting non recurring profits and losses to be a loss of 1031274 million yuan – 1260446 million yuan.
On March 15, 2022, the company revised the previously disclosed performance forecast again and issued the second revision announcement of 2021 annual performance forecast. The announcement shows that the company expects the net profit attributable to shareholders of Listed Companies in 2021 to be 730171600 yuan – 892431900 yuan, the net profit after deducting non recurring profits and losses to be 753676400 yuan – 921160100 yuan, the operating income to be 13184700 yuan – 16114600 yuan, and the operating income after deducting 128694 million yuan – 157292 million yuan.
The company also said in the prompt announcement on the risk of termination of listing disclosed recently that after the company communicated with the annual audit accountant again, it was confirmed that:
(1) in 2021, the net profit of the listed company after the second correction is still negative, and the operating income is still less than 100 million yuan;
(2) the matters that cannot be expressed in the company’s 2020 annual audit report cannot be eliminated. At the same time, the company’s 2021 annual financial report will issue non-standard audit opinions on operating income, accounts receivable, equity transfer, foreign investment, capital occupation and other matters. The company will be issued with non-standard audit opinions by the annual audit accountant in 2020 and 2021.
In addition, the company’s announcement also said that the company had the risk of business stagnation. In June 2021, the listed company no longer operates the original game business, and the relevant game R & D department has been dissolved; At present, the new trading business has also been suspended, and all businesses of the company are at a standstill.
there are many A-share companies facing delisting risk
In addition to Egls Co.Ltd(002619) , many A-share companies are also facing delisting risks this year.
According to the announcement query, it can be roughly found that since this year, dozens of companies have issued the announcement of termination of listing risk, suggesting that there are relevant risks. The delisting risks faced by the above companies vary, including financial reasons, transaction reasons, etc.
On March 22 not long ago, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) issued an announcement on the termination of the listing of the company’s shares, becoming the first stock to be forcibly terminated in 2022.
The announcement said that according to the facts identified in the decision on administrative punishment (No. [2022] 4) of China Securities Regulatory Commission, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) had falsely increased operating income in 2018 and 2019. After deducting the falsely increased operating income, the actual operating income of the company for three consecutive fiscal years in 2018, 2019 and 2020 was less than RMB 10 million, and the financial and accounting report of 2020 was issued with qualified audit report Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) the above-mentioned financial fraud has led to the fact that the company’s financial indicators from 2018 to 2020 have actually touched the situation of major illegal compulsory delisting stipulated in Article 4 (3) of the original measures for the implementation of major illegal compulsory delisting of listed companies on Shanghai Stock Exchange (hereinafter referred to as the implementation measures). According to the stock listing rules of Shanghai Stock Exchange (revised in January 2022) (hereinafter referred to as the stock listing rules) Notice of Shanghai Stock Exchange on Issuing Shanghai Stock Exchange
According to the stock listing rules of the exchange (revised in December 2020) the notice of the, the company’s shares shall be subject to major illegal compulsory delisting. After deliberation by the Listing Committee of Shanghai Stock Exchange, Shanghai Stock Exchange decided to terminate the listing of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares.
From the perspective of mandatory delisting for trading, there are only Egls Co.Ltd(002619) and Xin Jiang Ready Health Industry Co.Ltd(600090) A-share companies with a share price of less than 1 yuan.
Xin Jiang Ready Health Industry Co.Ltd(600090) recently issued a risk warning announcement that the listing may be terminated. The announcement shows that the company is concerned about the situation that the closing price is lower than RMB 1, and the board of directors and management of the company attach great importance to and pay close attention to it. Up to now, the operation of the company is normal, and all parties of the company are actively working to strengthen the operation fundamentals of the company and provide favorable guarantee for subsequent operation. The board of directors of the company will pay close attention to the current stock price trend of the company and timely perform the obligation of information disclosure in accordance with relevant regulations.
However, there are many companies with low share prices. At present, there are 54 companies with a share price of less than 2 yuan in the A-share market, including 5 companies with a share price of less than 1.1 yuan.
