ChiNext delisting rules refers to 14 firms

Apr.23, 2012

ChiNext delisting rules refers to 14 firms.Who will be the first delisted firms?

Shenzhen Stock Exchange published ChiNext delisting rules last week, according to the ChiNext delisting criteria, it mainly refers to 14 firms.

Till the date of April 22th this year,there are 69 listed ChiNext firms unveiled there Q1 report.Total Net Profit of these companies is 1.166 billion Yuan,just 1% up to last year.

In the 69 firms, 16 companies’ Net Profit down, nearly 23.2% of them.Some firms got losed:
Beijing Jiaxun Feihong Electrical CO.,LTD.(300213) -9.09m
Xi’an Qiyuan Mechanical And Electrical Equipment Co.,Ltd.(300140) -5.66m
Henan Xindaxin Materials Co.,Ltd.(300080) -12.95m

Although none of the 273 companies listed on the ChiNext Board has ever posted full year a loss at the end of 2011, 14 firms suffered two straight years of net profit declines:

Jiangxi Huawu Brake Co.,Ltd.(300095)
Dalian Zhiyun Automation Co.,Ltd(300097)
Shenzhen Zhongqingbao Interaction Network Co., Ltd.(300052)
Jiangsu Xinning Modern Logistics Co.,Ltd.(300013)
Bode Energy Equipment Co., Ltd(300023)
Winall Hi-Tech Seed Co.,Ltd.(300087)
Hengxin Mobile Business Co.,Ltd.(300081)
Guangdong Sky Dragon Printing Ink Group Co.,Ltd.(300063)
Guangdong Gosun Telecommunications Co.,Ltd.(300098)
Sichuan Kexin Mechanical and Electrical Equipment Co.,Ltd.
Wuxi Boton Belt Co.,Ltd.
Wuhan Zhongyuan Huadian Science & Technology Co.,Ltd.
Zhejiang Narada Power Source Co.,Ltd.
Hunan Zhongke Electric Co.,Ltd.