*ST Jiayuan (002951.SZ) has received a warning from the Shenzhen Stock Exchange regarding its stock trading status. Starting from May 23, 2025, the stock will be marked with a warning due to the company’s failure to meet financial criteria. The abbreviation for the stock will change from *ST Jiayuan to Jin Jiayuan, and the trading code will remain 002951. Additionally, the daily limit for the stock’s trading price will increase from 5% to 10%.
Since its designation as a special treatment stock, *ST Jiayuan has been working on various strategies to improve its financial situation. The company has focused on self-developed technologies, which include energy storage solutions and new energy applications, aiming to establish itself as a competitive player in the new energy sector. It has initiated projects for energy storage systems and aims to enhance its production capabilities.
As of March 2024, *ST Jiayuan has reported a significant increase in its operational timeline, showing an improvement in its business performance. The company has been under scrutiny due to its financial instability and has been striving to stabilize its operations following the warning it received from the stock exchange.
The warning was prompted by the company’s inability to maintain its stock performance for three consecutive months, as outlined in the Shenzhen Stock Exchange regulations. Starting from July 19, 2023, the stock faced additional restrictions due to its financial performance, which has been classified as a significant concern.
In the first quarter of 2024, *ST Jiayuan reported revenues of 3.76 billion yuan, reflecting a substantial increase of 1008.39% compared to the same period the previous year. However, it is also facing challenges, as it anticipates a revenue decrease in the subsequent quarters.
Looking ahead to 2025, the company expects to generate revenues of 0.40 billion yuan in the first quarter, indicating a potential decline. This situation requires continuous monitoring as *ST Jiayuan aims to overcome its financial difficulties and stabilize its position in the market.
The company has acknowledged the need for transparency and has committed to disclosing its financial status and operational strategies to investors. It remains focused on enhancing its energy solutions and expanding its market presence in the new energy sector.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/stj-holdings-to-transition-to-jinshi-energy-amidst-warning-of-stock-delisting/
