ST Qingyue shares have fallen below 1 yuan, prompting the company to issue an urgent warning that it may trigger trading-related mandatory delisting. On July 30, ST Qingyue shares closed at 0.9 yuan, down 13.46 percent, with a total market value of just 405 million yuan. Under Shanghai Stock Exchange rules, if a company's stock closes below 1 yuan for 20 consecutive trading days, it will be delisted without entering a delisting review period. In addition, the company is under investigation by the China Securities Regulatory Commission for suspected false financial data in periodic reports, and received an advance notice of administrative penalty in May 2026, proposing a fine of 173 million yuan. If it is ultimately determined that the company meets the criteria for mandatory delisting due to major violations, the stock will also be delisted. As of the announcement date, the company has not yet received a formal penalty decision.
Suzhou QingYue Optoelectronics Technology Co. Ltd. AShares fell below 1 yuan, triggering delisting risk; also under CSRC investigation for false financial data.