La capitalización de mercado cae por debajo de 500 millones de yuanes por primera vez, *ST Wanfang advierte del riesgo de terminación de cotización

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Beijing Business Daily (Reporter Ma Huanhuan, Li Jiaxue) reported that on the evening of March 16, *ST Wanfang (000638) disclosed an announcement stating that the company’s stock closing price was 1.56 yuan per share, with a total market value of 486 million yuan, marking the first time it fell below 500 million yuan. According to regulations, if the company’s stock closes for twenty consecutive trading days with a total market value below 500 million yuan, the Shenzhen Stock Exchange will terminate its listing.

The announcement also indicated that *ST Wanfang expects that in 2025, after deducting operating income before and after, the revenue will be less than 3 billion yuan, and the net profit before and after deducting non-recurring gains and losses will both be negative, potentially triggering a financial-related termination of listing.

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