Yishan, a reporter from China Fund News
After falling by the limit for 9 consecutive days, on May 16, the price of * ST Insurance rose by 0%.Blackoutbingo.11 yuan to close, completed the A-share curtain call performance. In the evening of the same day, the company announced that the stock listing would be terminated and trading would be suspended.BlackoutbingoThe risk alert announcement of.
It is worth noting that, as a former star company in the field of new energy, * ST Premium has been losing money in recent years. After wearing a hat at the end of April this year, it fell sharply for many days, and fell to 0.09 yuan on May 15, becoming the first stock in A-share history whose share price was less than 10 cents. At the same time, although the limit closed on May 16, it is still the cheapest A-share delisted stock at present.
The listing will be terminated and trading will be suspended from May 17.
On the evening of May 16, * ST Insurance announced that the company's shares would be terminated by the Shenzhen Stock Exchange because the company's shares closed below 1 yuan for 20 consecutive trading days, touching the situation of compulsory delisting of the trading class.
According to the relevant regulations, * ST Insurance will be suspended from the opening of the market on May 17. The Shenzhen Stock Exchange will, within five trading days from the date of suspension of the company's shares, issue to the company a prior notice of its intention to terminate the listing of its shares.
The daily limit rose today, becoming the cheapest delisted stock in history.
From the perspective of stock price performance, * ST Insurance began to decline since April, and then began to fall sharply after falling below 1 yuan for the first time on April 15. By the close of trading on May 15, the closing share price was only 0.09 yuan, becoming the first stock in A-share history whose share price was less than 10 cents.
Although it rose by the limit on May 16th, it rose by 22.22%. However, there is only 0.11 yuan per share, breaking the previous record of 0.12 yuan per share for Shengyun retreat and Shenwu retreat, becoming the cheapest A-share delisted stock at present.
It is worth noting that the stock has been very active this week, with turnover rates of 16.99%, 10.01% and 10.75% respectively since May 14. The retail stronghold "Lhasa Tiantuan" has also been on the list of dragons and tigers in succession, making it into the top four seats on the buying list on May 14 and May 15.
In the stock bar, some investors said they wanted to bet on "re-listing" and rose after being on the third board, and some even revealed that they had bought 100,000 shares.
The former star enterprises of new energy have been losing money in recent years.
Data show that * ST Premium, formerly known as Jianrui Fire, was listed in September 2010. In 2016, the company spent 5.2 billion yuan to acquire a stake in Watma, the then new energy battery giant, and entered the field of new energy vehicles, which attracted wide attention in the market.
According to the financial report, after the acquisition in the early years, the company's performance soared and made a profit of 425 million yuan in 2016, an 11-fold increase over the same period last year. However, the performance has fluctuated since then, and after restructuring, the company changed its name to "Baolixin" in 2020.
However, the company's performance in recent years is still poor, with a total net loss of more than 670 million yuan in the four years from 2020 to 2023 and a net loss of 24.5063 million yuan in the first quarter of this year.
Fund Jun noticed that in late April, when the company's stock price continued to be less than 1 yuan, * ST Insurance suddenly issued a revised announcement of the performance forecast three days before the annual report was disclosed, and said bluntly that the net profit belonging to shareholders of listed companies in 2023 was expected to be negative and the operating income after deduction was less than 100 million yuan.
According to the relevant regulations, the company has been implemented "delisting risk warning" and "other risk warning" since April 29th, and the stock abbreviation has been changed from "Baolixin" to "* ST Insurance".
After the official disclosure of the annual report, * ST Poly shares were "broken through" again, falling by the limit on April 30 and closing on May 15 for nine consecutive trading days. After the daily limit closed on May 16, the share price is still down more than 90% since April, and the company's market capitalization is only 490 million yuan, down more than 96% from the previous all-time high of more than 13.5 billion yuan.
Changes in the number of shareholders, Wind data show that despite the decline, but as of the end of the first quarter of this year, the total number of shareholders is still about 119000.
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