On April 14, the third "National Nine Articles" was grandly launched, which clearly proposed to increase the supervision of delisting, deepen the reform of the delisting system, and accelerate the formation of a normalized delisting pattern that should be withdrawn and cleared in a timely manner. In the face of the approaching delisting "life-seeking charm", poor performance companies and problem companies are in danger, and the long-awaited "blue sky" of the majority of investors is really coming?
Only one week after the introduction of the new "National Nine Articles", which listed companies are involved in related risks this week?
According to incomplete statistics from Lanfu Financial Network, since the beginning of this week, although it has only been two days, 11 listed companies have been warned of delisting risk for different reasons, and 3 listed companies are facing the risk of being terminated.
As of today, a total of 10 listed companies involved in delisting risks this week may touch the financial delisting indicators. It is worth noting that among them, *ST Weihai (002586) and *ST Zhongjie (002021), the 2022 financial reports were issued audit reports that could not express an opinion.
Investors need to be especially cautious when it comes to these two companies. Because from the perspective of the inability to obtain audit basis, such listed companies may often face many problems such as tight capital chains, account freezing, major litigation, complex related party transactions, internal control confusion, lack of basis for asset provision, and regulatory investigation.
It should be noted that there is a listed company that is at risk of delisting for other reasons this week. On the evening of April 22, Jinke Co., Ltd. (000656) announced that the Chongqing No. 5 Intermediate People's Court ruled to accept the reorganization application of Jinke Co., Ltd. Due to the court's ruling to accept the reorganization, the company has been put on delisting risk alert since the resumption of trading on April 24, 2024.
For this reorganization, the court held that Jinke Co., Ltd., as a well-known listed real estate company in China, has sustainable operating value in its main real estate development and construction business. Therefore, Jinke shares have the value of reorganization and the necessity of reorganization. At the same time, combined with the reorganization plan and feasibility analysis report submitted by Jinke shares, the overall debt resolution plan proposed by Jinke shares has a certain feasibility. On the whole, Jinke shares have the possibility of reorganization value and rescue.
In addition, another 3 listed companies are at risk of being terminated this week because their stock prices continue to be below par value.
Such a dense risk warning is not without warning. Since the release of the mainland's "Government Work Report" this year, "enhancing internal stability" has become the main tone of the reform and development of the mainland's capital market. Improving the quality of listed companies is precisely the inherent requirement for the steady development of the capital market. Therefore, many industry experts have said that continuing to deepen the delisting mechanism and accelerate the survival of the fittest will be the key direction of reform and development.
Lanfu Finance also noted that just yesterday, the national level once again emphasized the need to continue to accelerate the improvement of the basic system of the capital market, improve the issuance, trading, delisting and other key systems, and promote the virtuous cycle of investment and financing and the dynamic balance of listing and delisting.