Summary · why it matters
Since 2026, the delisting landscape in the A-share market has become more diversified and routine. As of August 31, 21 companies had been delisted from the domestic stock market, with reasons covering financial delisting, mandatory delisting for major violations, trading-related delisting, and voluntary delisting. Among them, three were voluntary delistings. Veteran home appliance maker ST Konka A announced on the evening of August 27 that it plans to voluntarily withdraw its A-share and B-share listings from the Shenzhen Stock Exchange through a shareholders' meeting resolution. Trading in the company's shares has been suspended since the market opened on September 4, and a second extraordinary general meeting for 2026 will be held on September 14 to consider the matter. Konka Group said that after the termination of listing, it will maintain stable operations, has no current plans for major asset restructuring, and has no specific timetable for relisting after the voluntary delisting. Konka Group's predecessor was Guangdong Guangming Overseas Chinese Electronics Industry Company, founded in 1980. In 1992, Konka A and B shares listed on the Shenzhen Stock Exchange, earning it the title of the first color TV stock. In 1998, its domestic market share in color TVs topped the industry. In 2017, net profit attributable to the parent company once peaked at 5.057 billion yuan. From 2022 through the first half of 2026, the company accumulated losses exceeding 20 billion yuan, including a loss of 12.582 billion yuan in 2025. In the first half of 2026, it achieved operating revenue of 3.852 billion yuan, down 26.60 percent year on year, with net profit attributable to the parent company of negative 173 million yuan, compared with negative 383 million yuan in the same period last year. As of the end of June 2026, net assets attributable to the parent company stood at negative 6.227 billion yuan, and the asset-liability ratio reached 133.01 percent. According to Wind data, after excluding restructuring-related delistings, 21 companies had been delisted in the first eight months of this year. Among them, four involved mandatory delisting for major violations, 13 involved financial delisting, and one was a voluntary delisting, with financial delistings accounting for 60 percent. By industry, computer, defense and military, and building decoration sectors had the most delisted companies, with the computer industry alone accounting for six.
Konka Group Co Ltd
Shenzhen CAU Technology Co Ltd
Shanghai Prosolar Resources Development Co Ltd
Hube Yangfan Holding Co Ltd