Disclosure topic / 09
Delisting risk disclosures identify circumstances that may lead to trading risk warnings, major illegal forced delisting, financial delisting, trading based delisting, or termination of listing.
The stage matters. Possible risk, risk warning, formal decision, and completed delisting are different things.
Connected evidence
Shenzhen Guangdao Digital Technology Co., Ltd. · 920680.BJ (formerly 839680)
A final penalty, major-illegal forced delisting, auditor enforcement and advance compensation show why apparently consistent documents still require independent verification.
Read recordDongxu Optoelectronic Technology Co., Ltd. · 000413.SZ / 200413.SZ
Final decisions connect false financial reporting, related-party fund occupation, securities issuance and gatekeeper failures, while the company’s earlier delisting followed a separate trading-based route.
Read recordLingnan Eco & Culture-Tourism Co., Ltd. · 002717.SZ
Positive operating cash flow sits beside collapsing revenue, a large loss, negative equity, overdue debt, a disclaimer audit opinion and adverse internal-control findings.
Read recordQingyue Technology and Yuandao Communication · 688496.SH / 301139.SZ
Two CSRC prior-notice cases show why IPO-period financial information, post-listing disclosure, procedural status, and major illegal forced-delisting risk must be read carefully and separately.
Read recordChina Fortune Land Development Co., Ltd. · 600340.SH
Debt settlements have improved reported results in some periods without restoring operating cash generation. Large contract assets, guarantees, and the unfinished restructuring leave the timing of recovery open.
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