Bankruptcy or Restructuring 破产重整
The badges are our classification; the headline is the filing's own title.
标签为本站分类，标题为公告原文。
What This Means 这类披露的含义
These notes describe the category of disclosure in general.
Bankruptcy, reorganisation (重整) or liquidation proceedings have been applied for, accepted or planned.
In a reorganisation, equity ranks behind creditors, so existing holders are typically diluted heavily or wiped out. The outcome turns on the plan the court approves.
The exchange has flagged the shares for delisting risk (退市风险警示), or the company warns that removal from listing is possible.
A flagged stock carries the ST or *ST marker and trades under tighter daily price limits. A forced delisting ends exchange liquidity altogether.
A scheduled annual, interim or quarterly report.
The periodic report is the main window on a company's fundamentals. The figures inside it drive the market's reaction.