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*ST Jinglun: The company's stock may be delisted due to a market value below 500 million yuan
On March 9th, ST Jinglun (600355.SH) announced that the company’s closing stock price was 1.01 yuan, with a total market value of 497 million yuan, marking the first time it has fallen below 500 million yuan. According to the Shanghai Stock Exchange Listing Rules, if the company’s daily total market value remains below 500 million yuan for 20 consecutive trading days, the SSE will decide to delist the company’s stock.
Additionally, the company expects a net profit loss for 2025, and after excluding non-core business income, operating revenue will be below 300 million yuan. Following the annual report disclosure, the company will also meet the delisting criteria. The company reminds investors to be aware of the associated risks.