On April 3, *ST Jinglun announced its intention to terminate its listing, while four other A-share listed companies successively issued delisting risk warnings.

*ST Jinglun Plans to Delist On the evening of April 3, *ST Jinglun disclosed that its total market capitalization at the close on April 3 was 285 million yuan. The stock had recorded a total market capitalization below 500 million yuan for 20 consecutive trading days from March 9 to April 3, triggering a mandatory delisting scenario under the Stock Listing Rules due to trading indicators. On the same day, the company also announced it had received a regulatory work letter from the Shanghai Stock Exchange regarding the termination of its listing.

Wind data shows that on April 3, *ST Jinglun's share price closed at 0.58 yuan per share, down 4.92%. Since the beginning of the year, the stock has accumulated a decline of 74.11%.

Trading in the company's shares will be suspended starting from the market open on Tuesday, April 7. The Shanghai Stock Exchange will delist the shares within five trading days after announcing the decision to terminate the listing. According to relevant regulations, companies subject to mandatory delisting for trading rule violations do not enter a delisting consolidation period.

*ST Jinglun's recently disclosed 2025 performance forecast indicates the company expects a net profit attributable to parent company owners to be between -39.5 million yuan and -45.5 million yuan. After deducting non-recurring gains and losses, the net profit is projected to be between -40 million yuan and -46 million yuan. Estimated operating revenue for 2025 is approximately 338 million yuan, with revenue after excluding business income unrelated to the main operations and income lacking commercial substance amounting to approximately 86.22 million yuan. The estimated net assets at the end of 2025 are around 89 million yuan.

Four Stocks Issue Delisting Risk Warnings On April 3, Chunxing Precision announced that, based on preliminary calculations by its finance department, it expects its net assets at the end of 2025 to be negative. According to Article 9.3.1, Item (2) of the Shenzhen Stock Exchange Stock Listing Rules, if a listed company's audited net assets at the end of the most recent fiscal year are negative, the Shenzhen Stock Exchange will implement a delisting risk warning for its stock trading, indicated by the prefix "*ST" added to the stock's abbreviation.

On April 3, Bangjie Shares announced that, according to preliminary calculations by its finance department, it expects the net assets attributable to shareholders of the listed company at the end of 2025 to be between -900.1551 million yuan and -600.1551 million yuan. Per Article 9.3.1, Section 1, Item 2 of the Shenzhen Stock Exchange Stock Listing Rules, if the company's audited net assets at the end of 2025 are negative, its stock will be subject to a delisting risk warning following the disclosure of the 2025 annual report, marked with the "*ST" prefix.

The company had previously issued risk warning announcements on January 31, 2026, March 4, and again with this latest disclosure. The audit for the 2025 annual report is still ongoing. Whether the delisting risk warning criteria are ultimately triggered will be determined based on the formal audit report issued by Lixin Certified Public Accountants.

On the evening of April 3, Yihualu issued a warning, stating it expects its net assets at the end of 2025 to be negative, which may lead to a delisting risk warning for its stock trading.

On April 3, 365 Net also announced that it expects its 2025 operating revenue may fall below 100 million yuan, marking the second time it has issued a warning about the potential imposition of a delisting risk warning on its stock trading.