*ST Cuihua saw unusual intraday price action on July 15 after hitting the daily limit-down for 15 straight trading sessions. The stock opened at its limit-down price of 2.08 yuan, staged several sharp rallies in the morning but failed to turn positive, then plunged again in the afternoon to close at 2.09 yuan, just one fen above the limit-down level. Full-day turnover rate soared to 38.61%, with trading volume reaching 189 million yuan, and the latest market capitalization stood at roughly 535 million yuan. The company had previously been placed under investigation twice by the China Securities Regulatory Commission for suspected illegal information disclosure and failure to disclose periodic reports as required, and it failed to release its 2025 annual report within the statutory deadline. After a two-month trading suspension starting May 6, 2026, it still could not publish the report and was immediately given a delisting risk warning. Under Shenzhen Stock Exchange rules, if the annual report is still not disclosed within two months of the delisting risk warning, the exchange will decide to terminate listing. The company said the periodic report compilation has not been completed due to heavy and unfinished verification work on inventory and revenue. In addition, the company and its subsidiaries have accumulated overdue loan principal exceeding 900 million yuan, major bank accounts have been frozen, gold-related business has largely ground to a halt, and a number of key employees have resigned since May. As of the end of the first quarter, the number of shareholders stood at 23,755.
Shenyang Cuihua Gold and Silver Jewelry Co LtdCompany faces delisting risk due to failure to disclose annual report and CSRC investigations.