Total market cap drops below 500 million yuan for the first time, *ST Wanfang warns of delisting risk

NightAirdropper · 2026-03-18T08:34:08+00:00

*ST Wanfang announced on March 16 that the company's stock closing price was 1.56 yuan, with total market value falling below 500 million yuan for the first time, facing the risk of delisting. It is expected that operating revenue and net profit for 2025 will continue to be negative, which may trigger financial reasons for delisting.

NightAirdropper

2026-03-18 08:34:08

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Beijing Business Daily (Reporter Ma Huanhuan, Li Jiaxue) reported that on the evening of March 16, *ST Wanfang (000638) announced that its closing stock price was 1.56 yuan per share, with a total market value of 486 million yuan, marking the first time the total market value 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 delist the stock.

The announcement also states that *ST Wanfang expects that in 2025, its revenue after deducting non-recurring gains and losses will be less than 300 million yuan, and both pre- and post-deduction net profits will be negative, potentially triggering delisting due to financial reasons.

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