ST Yuan Cheng: Stock price experiencing abnormal fluctuations, facing multiple delisting and operational risks.

ST Yuancheng announced that the company's stock price fell by more than 12% for three consecutive trading days from October 29th to 31st, which is considered abnormal fluctuation. The company faces multiple risks, including the risk of being delisted due to trading violations. As of October 31st, the total market value was 254 million yuan, which has been below 500 million yuan for 14 consecutive days, with a closing price of 0.78 yuan, which has been below 1 yuan for 5 consecutive days. In terms of serious violations leading to mandatory delisting, the annual reports from 2020 to 2022 contain false information, and false information was fabricated in the documents for non-public offerings in 2022. In terms of financial risks leading to delisting, the company's revenue in the first half of 2025 was 82.3393 million yuan, with a net loss of 126.795 million yuan. In addition, there are also ongoing operational risks, fundraising risks, and risks related to stock pledges.