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Jinglun Electronics Co., Ltd. Risk Disclosure Notice Regarding Possible Delisting Risk Due to Market Capitalization Falling Below 500 Million Yuan and Initial Warning of Stock Price Falling Below 1 Yuan
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Stock Code: 600355 Stock Abbreviation: *ST Jinlun Announcement No.: Lin 2026-017
Jinlun Electronics Co., Ltd.
Risk Warning Regarding Possible Delisting of the Company’s Shares Due to Market Value Falling Below 500 Million Yuan and the Risk of First-Time Share Price Falling Below 1 Yuan
The company’s board of directors and all directors guarantee that the contents of this announcement are free from any false records, misleading statements, or major omissions, and bear legal responsibility for their truthfulness, accuracy, and completeness.
Important Content Highlights:
● Jinlun Electronics Co., Ltd. (hereinafter referred to as “the Company”) had a total market value of 472 million yuan on March 12, 2026, and has been below 500 million yuan for four consecutive days. According to Article 9.2.1, Item (5) of the Shanghai Stock Exchange (hereinafter “SSE”) Stock Listing Rules (“the Listing Rules”), if a listed company’s daily total market value remains below 500 million yuan for 20 consecutive trading days on the SSE, the SSE will decide to delist the company’s shares. Investors are advised to be aware of investment risks.
● The closing price of the company’s stock on March 12, 2026, was 0.96 yuan, again falling below 1 yuan on the first day. According to Article 9.2.1, Item (1) of the Listing Rules, if a listed company’s stock closes below 1 yuan for 20 consecutive trading days, the SSE will decide to delist the company’s shares. Investors are advised to be aware of investment risks.
● According to Article 9.1.16 of the Listing Rules, if a listed company faces more than two delisting circumstances, the delisting will be implemented based on the earliest applicable condition.
● According to Article 9.6.1, Item 2 of the Listing Rules, stocks of companies subject to mandatory delisting due to trading violations will not enter the delisting restructuring period. Investors are advised to be aware of investment risks.
According to Article 9.2.1, Item (1) and (5) of the Listing Rules, if a listed company’s stock closes below 1 yuan for 20 consecutive trading days or its total daily market value remains below 500 million yuan for 20 consecutive trading days on the SSE, the SSE will decide to delist the shares, which constitutes mandatory trading delisting.
The stock closed at 0.96 yuan on March 12, 2026, again below 1 yuan on the first day, with a total market value of 472 million yuan, and has been below 500 million yuan for four days. The stock faces the risk of being delisted due to market value below 500 million yuan or share price below 1 yuan.
According to Article 9.2.5, Item 1 of the Listing Rules, if the total market value of the company’s stock on the SSE first falls below 500 million yuan, the company must disclose a delisting risk warning announcement on the next trading day; if the total market value remains below 500 million yuan for 10 consecutive trading days (excluding trading halt days), the company must disclose the warning on the next trading day, and continue to do so daily until the market value recovers or delisting occurs (whichever happens first).
On March 9, 2026, the stock closed at 1.01 yuan, with a total market value of 497 million yuan, first falling below 500 million yuan. On March 10, 2026, the company disclosed the “Jinlun Electronics First Risk Warning Announcement Regarding Possible Delisting Due to Market Value Below 500 Million Yuan” (Announcement No.: Lin 2026-014).
According to Article 9.2.3, Item 1 of the Listing Rules, if the stock’s closing price first falls below 1 yuan, the company must disclose a delisting risk warning on the next trading day; if the stock closes below 1 yuan for 10 consecutive trading days (excluding trading halt days), the company must disclose the warning daily until the stock price recovers or delisting occurs (whichever happens first).
On March 10, 2026, the stock closed at 0.96 yuan, first falling below 1 yuan; the total market value was 472 million yuan, and it remained below 500 million yuan for two days. On March 11, 2026, the company disclosed the “Jinlun Electronics Risk Warning Regarding Possible Delisting Due to Market Value Below 500 Million Yuan and First Share Price Below 1 Yuan” (Announcement No.: Lin 2026-015).
This announcement is the first delisting risk warning due to potential trigger of face value delisting.
Other Matters
Financial Delisting Risk
The company expects a net profit loss for 2025, and after excluding non-core business income and non-substantial revenue, operating income will be below 3 billion yuan. After the annual report is disclosed, the company will meet the conditions for delisting under Article 9.3.7 of the SSE Listing Rules, and its shares will be delisted.
According to Article 9.2.6 of the Listing Rules, if the company’s total market value remains below 500 million yuan for 20 consecutive trading days, the stock will be suspended from trading the next day. The SSE will issue a pre-delisting notice within five trading days of suspension, and then decide whether to delist the stock based on relevant regulations. Stocks subject to mandatory trading delisting will not enter the restructuring period. Investors are advised to be aware of risks.
The company will closely monitor the stock price trends and the progress of the above matters, and will fulfill disclosure obligations in a timely manner according to relevant laws and regulations. Investors are reminded to be cautious.
The company specifically reminds investors that the SSE’s official website (www.sse.com.cn) is the designated disclosure platform, and “Shanghai Securities News” is the designated disclosure newspaper. All information is based on disclosures published through these designated channels. Investors are advised to invest rationally and be aware of risks.
This announcement is made accordingly.
Jinlun Electronics Co., Ltd. Board of Directors
March 13, 2026