*ST Lingnan announced that the company's “Lingnan Convertible Bonds” was unable to pay principal and interest on schedule, and that the credit ratings of the principal and debt were downgraded to C, and there were many risks such as continued operation, credit enhancement and monetization of pledged assets, stock delisting, and litigation. In 2025, the company's revenue was 112 million yuan, down 86.99% year on year; net loss was 2,336 million yuan, and loss increased by 137.29% year on year. Revenue for the first quarter of 2026 was 39.7025 million yuan, down 41.27% year on year; net loss was 134 million yuan, and loss increased by 101.10% year on year. As of August 19, 2026, the company added a total of 181 million yuan in undisclosed lawsuits and arbitration cases over 12 consecutive months, totaling 13.38% of the absolute value of net assets attributable to the mother in the most recent audit. There is a risk that the listing of the company's shares will be terminated because the share price is below face value.
智通財經·08/21/2026 13:01:15
語音播報
*ST Lingnan announced that the company's “Lingnan Convertible Bonds” was unable to pay principal and interest on schedule, and that the credit ratings of the principal and debt were downgraded to C, and there were many risks such as continued operation, credit enhancement and monetization of pledged assets, stock delisting, and litigation. In 2025, the company's revenue was 112 million yuan, down 86.99% year on year; net loss was 2,336 million yuan, and loss increased by 137.29% year on year. Revenue for the first quarter of 2026 was 39.7025 million yuan, down 41.27% year on year; net loss was 134 million yuan, and loss increased by 101.10% year on year. As of August 19, 2026, the company added a total of 181 million yuan in undisclosed lawsuits and arbitration cases over 12 consecutive months, totaling 13.38% of the absolute value of net assets attributable to the mother in the most recent audit. There is a risk that the listing of the company's shares will be terminated because the share price is below face value.