The New Delisting System Will Make It Difficult To Turn Over.

< p > < strong > many strands break out of the situation. < /strong > < /p >

< p > the SFC announced in July 4th that the new round of delisting system reform started. Most of the ST shares suffered a blocking in the game delisting reform, because of the risk of delisting, the plate almost suffered the overall fall.

However, in the most unfavorable situation of the most stringent policy of delisting in the past, last week, many st stocks broke through in this game.

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< p > disk information shows that the shares of *ST Zhongfu, *ST changal, *ST steel and *ST Chang nine have been reversed successfully in last week, of which *ST constant aluminum sealed the a href= "http:// www.sjfzxm.com/news/index_c.asp" in July 10th, "limit up plate" < /a >, "Zhongfu", "Chang Chang nine" and "Gang steel" took over in July 11th.

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< p > in addition, *ST Haihua and *ST Dongan share prices are also rising in recent days. The rest, such as *ST famine, *ST Print-Rite and many other ST shares, have also won the market.

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< p > < strong > performance improvement to pave the way < /strong > /p >

< p > reporter noted that the recent trading limit < a href= "http:// www.sjfzxm.com/news/index_c.asp" > ST shares < /a > performance reversing.

Among them, *ST constant aluminum Bulletin shows that as of March 31, 2014, *ST constant aluminum business income of 518 million 330 thousand yuan, net profit of 5 million 451 thousand and 856 yuan, an increase of 137.1357% over the same period, the basic earnings per share of 0.016 yuan.

As of March 31, 2014, *ST had a 569 million 890 thousand yuan net income and a net profit of 67 million 53 thousand and 198 yuan, an increase of 210.8831% over last year's year and a basic earnings of 0.05 yuan per share.

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< p > < strong > pause < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Listing /a > life line hanging < /strong > /p >

Less than P, there are many companies that are in the breach of the situation, and there are many ST companies.

At present, the closest ones to the market are listed stocks that have been suspended, including *ST Phoenix, *ST wok B, *ST super day and *ST double.

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< p > in accordance with the new regulations of the SFC, after the suspension of listing, the company can not rely on the non recurring gains and losses to subsidize and sell assets, so it is not difficult for these ST companies to return to Shanghai and Shenzhen two cities.

According to the performance forecast issued by *ST Phoenix in July 10th, the company expects to turn around the deficit in the first half of the year.

*ST wok B also announced that the first half of this year is expected to yield 3 million 210 thousand yuan to 13 million 210 thousand yuan.

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< p > < strong > short term < a href= "http:// www.sjfzxm.com/news/index_c.asp" > ST shares < /a > forming pressure < /strong > /p >

< p > Pi Haizhou, a well-known financial commentator, thinks that the new delisting system is related to the new listing rules of the delisting companies, which basically converged with IPO.

Once the listed companies withdraw from the market, it will be more difficult to return to Shanghai and Shenzhen two cities.

Therefore, for the st stock market is undoubtedly a big test, whether the performance of the two tier market can become a flash in the pan remains to be seen.

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< p > Sun Xudong, chief analyst of Yun Xiang Oriental asset, said that unless ST has strong performance support, investors will not be advised to intervene in such stocks.

At present, among the st share companies that disclose performance forecasts, those who can really achieve a big turnaround are among the few.

Therefore, we can not rule out the short-term pressure on the stock market and the performance of the delisting stocks.

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< p > up to now, there are 78 companies in Shanghai and Shenzhen Stock Exchange delisting.

The first quarter financial data show that there are 39 listed companies with large risk of delisting or suspension of listing risk.

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