ST Qingyue issued a risk warning on August 14, stating that its stock closed at 0.92 yuan that day, with a total market value of 414 million yuan. The daily closing price fell below 1 yuan for the first time, triggering trading-related mandatory delisting risk. Combined with the major illegal mandatory delisting risk arising from suspected false financial data records, the company now faces dual delisting pressure. The company was placed on file by the China Securities Regulatory Commission on October 31, 2025, for suspected false records in periodic reports and other financial data, and received a prior notice of administrative penalty on May 8, 2026. It may trigger the STAR Market's major illegal mandatory delisting circumstances, and the stock has been subject to a delisting risk warning since May 12. As of the announcement date, the company has not yet received a formal penalty decision. If it is ultimately confirmed to meet the major illegal delisting criteria, the stock will be suspended from trading and terminated from listing starting from the date the penalty decision is disclosed. The company's stock price had already fallen below 1 yuan at the close on July 7, and as of August 12, it had closed below 1 yuan for 10 consecutive trading days. According to STAR Market rules, if the closing price remains below 1 yuan for 20 consecutive trading days, the stock will be terminated from listing without entering the delisting consolidation period. ST Qingyue mainly engages in PMOLED, electronic paper modules, and silicon-based OLED products. In 2025, its operating revenue was 669 million yuan, down 11.16 percent year on year, with a net loss attributable to the parent company of 98.8434 million yuan, and the loss widened year on year. In the first quarter of 2026, operating revenue was 140 million yuan, down 18.57 percent year on year, with a net loss attributable to the parent company of 32.4486 million yuan, and the loss continued to expand.
Suzhou QingYue Optoelectronics Technology Co. Ltd. ACompany faces dual delisting risk due to suspected false financial records and stock price below 1 yuan, leading to potential termination.
