Shares of *ST Cuihua hit their 13th consecutive trading day of limit-down. As of the midday close on July 10, *ST Cuihua traded at 2.86 yuan per share, down 10.06 percent, with sell orders exceeding 500,000 lots, leaving its market capitalization at just 733 million yuan. The company and its subsidiaries have accumulated overdue loan principal of approximately 950 million yuan. Affected by the freezing of major bank accounts, its gold-related business has largely ground to a halt. Because it failed to disclose its 2025 annual report within the statutory deadline, trading in *ST Cuihua shares was suspended for two months starting May 6, 2026, and the stock resumed its streak of limit-downs after trading recommenced. If the annual report is still not disclosed within two months from the date the delisting risk warning was imposed, the Shenzhen Stock Exchange will decide to terminate the listing of the company's shares. In addition, in February and May of this year, *ST Cuihua was placed under investigation by the China Securities Regulatory Commission twice, on suspicion of illegal information disclosure and failure to disclose periodic reports as required. The investigations are still ongoing.
Shenyang Cuihua Gold and Silver Jewelry Co LtdCompany faces debt crisis, overdue loans, frozen bank accounts, halted gold business, and risk of delisting due to failure to disclose annual report.