*ST Aowei's market capitalization has continuously fallen below 500 million, leading to delisting, and it may also face claims due to information disclosure issues.

Ask AI · Does the company’s disclosure of information issues expose internal management risks?

Radar Finance | by Feng Xiuyu, edited by Li Yihui

On March 20, *ST Ouwei’s stock closing total market value remained below 500 million yuan for 20 consecutive trading days between December 31, 2025 and January 29, 2026, triggering the delisting circumstances for stocks under Item 6 of the first paragraph of Article 9.2.1 of the “Stock Listing Rules (2025 Revised)” of the Shenzhen Stock Exchange. According to the relevant provisions, the Shenzhen Stock Exchange decided to terminate the company’s stock listing, and the stock will not enter the delisting整理 period. The company’s stock will be delisted within 15 trading days after the delisting decision.

What’s worth noting is that *ST Ouwei may also face claims for compensation due to disclosure issues.

Song Lianmin, the chief of Jiangsu Shengheng Law Firm, which has handled many stock compensation claims and obtained awards, told Radar Finance that if the improper conduct of a listed company causes losses to investors, affected investors can claim compensation according to law. Investors who bought *ST Ouwei shares between April 26, 2024 and April 21, 2025, and who were still holding *ST Ouwei shares at the close on April 21, 2025, may apply to participate in the claims. To apply, please follow the official account “Lei Shouba” (Lei Shou Code: 99) to participate. There are no fees before receiving compensation.

According to Tianyancha, *ST Ouwei was established on December 21, 2000. Its registered capital is 34685.0017 million yuan RMB. The legal representative is Du Fang. Its registered address is No. 6 Gaoge Road, Hunnan New District, Shenyang. Its main business includes services such as military electronic information systems, audio/video command systems, and network communications, and it provides professional solutions.

At present, the company’s chairman is Du Fang, its secretary to the board of directors is Bai Lihai, the company has 110 employees, and the actual controller is Du Fang.

The company holds equity stakes in 2 companies, including Shenyang Aowei Communication Co., Ltd. and Donghexin New Materials Industry (Wuxi) Co., Ltd., among others.

In terms of performance, the company’s operating revenue in 2022, 2023, and 2024 was 191 million yuan, 172 million yuan, and 291 million yuan, respectively, with year-on-year changes of -66.05%, 23.38%, and 68.93%, respectively. The net profit attributable to the parent company was -53.1820 million yuan, -34.2048 million yuan, and -46.1147 million yuan, respectively, and the year-on-year growth in net profit attributable to the parent company was -327.96%, 41.80%, and -34.82%, respectively. In the same period, the company’s asset-liability ratio was 39.69%, 40.97%, and 36.55%, respectively.

In terms of risk, Tianyancha information shows that the company itself has 115 Tianyancha risk entries, 105 risk entries around it, 198 historical Tianyancha risk entries, and 54 risk warning and reminder entries.