another company announced delisting, and the metabolism of A-Shares is accelerating
On April 20, Northeast Electric Development Company Limited(000585) ( Northeast Electric Development Company Limited(000585) ) and Egls Co.Ltd(002619) ( Egls Co.Ltd(002619) ) both disclosed the delisting news.
Experts said that since the implementation of the “strictest delisting new regulations in history” for more than a year, the expectation of normalized delisting has increased. It is expected that under the expectation of fully implementing the stock issuance registration system, the clearing of venture companies will be further accelerated.
The share price was less than 1 yuan before the suspension
Northeast Electric Development Company Limited(000585) mainly engaged in the R & D, design, production and sales of products related to power transmission and transformation equipment and hotel catering and accommodation business. The company’s main products are enclosed buses, and its main business also includes hotel catering and accommodation business.
Northeast Electric Development Company Limited(000585) april 20 announcement, the Shenzhen Stock Exchange decided to terminate the listing of the company’s a shares, the company’s A-Shares entered the delisting consolidation period on April 28, and the company’s A-Shares will be delisted 15 trading days after the delisting consolidation period. The Shenzhen Stock Exchange announced the delisting decision on the same day
Specifically, since the audited net profit after deducting non recurring profits and losses in Northeast Electric Development Company Limited(000585) 2020 was negative, the operating income was less than 100 million yuan and the net assets at the end of the period were negative, the company’s stock trading was warned of delisting risk since March 30, 2021.
The first annual report of Northeast Electric Development Company Limited(000585) stock trading after delisting risk warning shows that the audited net profit after deduction in Northeast Electric Development Company Limited(000585) 2021 is negative, the operating income is less than 100 million yuan, and the net assets at the end of the period are negative. According to the relevant provisions of the stock listing rules (revised in 2022) and the review opinions of the listing committee, it is decided to terminate the listing of Northeast Electric Development Company Limited(000585) shares. At the same time, the company’s shares will enter the delisting and consolidation period from April 28, 2022. On the trading day next to the expiration of the delisting and consolidation period, the Shenzhen Stock Exchange will delist the company’s shares.
at present, Northeast Electric Development Company Limited(000585) has been suspended. Before the suspension, the share price also experienced free fall movement, falling for five consecutive times, and the share price was only 0.98 yuan
The first face value delisting this year
also disclosed the delisting of Egls Co.Ltd(002619) , which also became the first company to delist at par this year
Egls Co.Ltd(002619) 4 announced on April 20 that the decision letter issued by the Shenzhen Stock Exchange was received on the same day, and the Shenzhen Stock Exchange decided to terminate the listing of the company’s shares, which also became the first company with par value delisting this year. According to the Shenzhen Stock Exchange, from March 4 to March 31 this year, the closing price of Egls Co.Ltd(002619) shares per day for 20 consecutive trading days was lower than 1 yuan, touching the situation of termination of listing of shares as stipulated in article 9.2.1 (4) of the stock listing rules (revised in 2022).
In accordance with relevant regulations and the review opinions of the Listing Committee of Shenzhen Stock Exchange, it is decided to terminate the listing of Egls Co.Ltd(002619) shares because it touches the compulsory delisting index of trading, the bourse has decided to terminate the listing, and there is no delisting consolidation period , and the company’s shares will be delisted within 15 trading days after the Shenzhen stock exchange makes the decision to terminate the listing. After the listing of the company’s shares is terminated, it will be transferred to the national small and medium-sized enterprise share transfer system for share transfer.
Egls Co.Ltd(002619) since March 7, the share price has been “stable” below 1 yuan. At present, its share price is 0.56 yuan / share, and the total market value of the company is only 1.033 billion, of which the circulating market value is 802 million. As of October 29, 2021, there are still about 54700 registered shareholders of Egls Co.Ltd(002619) company. In 2019 and 2020, Egls Co.Ltd(002619) realized net profit attributable to the parent company was in a loss state, about -2.555 billion yuan and -1.247 billion yuan respectively.
According to the data, Egls Co.Ltd(002619) formerly known as Julong pipe industry, was founded in June 2001 and listed on the Shenzhen Stock Exchange in September 2011.
In July 2017, Julong Pipe Co., Ltd. issued an announcement to change its full name and securities abbreviation. After the sale of the company’s original concrete water pipeline business and its related assets, its main business has been changed to Internet information service, software service and cultural industry, and the securities abbreviation has been changed to “glass”. At present, Egls Co.Ltd(002619) is the core business of mobile game development, operation and agent. However, this time did not bring a bright performance in operating performance, and the performance continued to suffer losses. Eventually fell into a delisting situation.
It is worth noting that the speculation risk of companies entering the delisting consolidation period is very high, and investors need to be vigilant.
has entered the delisting consolidation period, and the delisting Xinyi will usher in the last moment in the A-share market on the 21st. According to the announcement, April 21, 2022 is the last trading day of the 15 trading days of delisting Xinyi delisting consolidation period
delisting Xinyi closed higher on the 20th, at 0.34 yuan on the same day, the Shanghai Stock Exchange issued a circular on the abnormal trading of “delisting Xinyi” stocks. According to the circular, the company has repeatedly issued risk warning announcements for the trading of delisted Xinyi shares entering the delisting consolidation period. On the morning of April 20, some investors had abnormal trading behaviors that affected the normal trading order of the market and misled the trading decisions of small and medium-sized investors, such as raising the stock price in the process of trading the stock. The Shanghai Stock Exchange took regulatory measures to continuously suspend account trading for relevant investors in accordance with regulations. The Shanghai Stock Exchange once again reminded investors to pay attention to risks and comply with transactions.
