As of the close on March 12, 2026, ST Lingnan (002717) closed at 1.78 yuan, up 2.3%, with a turnover rate of 4.34%, a trading volume of 700,500 hands, and a turnover of 124 million yuan.
Focus of the day
Transaction information summary
Fund flow
On March 12, the net inflow of main funds was 9.4066 million yuan; the net outflow of hot money was 4.1979 million yuan; the net outflow of retail funds was 5.2088 million yuan.
Changes in equity shareholders
The company's shares held by shareholder Yin Hongwei have added 32,393,320 shares that are waiting to be frozen, accounting for 42.46% of the shares held by him and 1.78% of the company's total share capital. As of March 10, 2026, a total of 76,291,617 shares of Yin Hongwei's shares have been frozen by the judiciary, accounting for 100% of his shareholding ratio and 4.19% of the company's total share capital; a total of 615,282,424 shares have been frozen, accounting for 806.49% of his shareholding ratio. Among them, 45 million shares have been transferred through judicial auction. This freeze was implemented by the Shenzhen Futian District People's Court due to the judicial waiting list freeze.
70 million company shares held by Yin Hongwei, a shareholder of Lingnan Ecological Culture and Tourism Co., Ltd., were judicially auctioned, of which 45 million shares were transferred on March 11, 2026. After the transfer, Yin Hongwei's shareholding dropped from 76.2916 million shares to 31.2916 million shares, the shareholding ratio dropped from 4.19% to 1.72%, and the change in equity reached an integral multiple of 1%. Due to the voting rights entrustment relationship, the proportion of voting rights owned by Huaying Industrial Investment and its persons acting in concert dropped from 9.81% to 7.34%, which also touched an integer multiple of 1%. This change did not result in a change of control of the company.
Summary of company announcements
The "Lingnan Convertible Bonds" issued by Lingnan Ecological Culture and Tourism Co., Ltd. were unable to pay principal and interest on time due to insufficient monetary funds of the company, which constituted a substantial breach of contract. The credit rating of the company's main body and bonds was lowered to C level. The 2024 annual audit report was issued with a qualified opinion. In the first half and first three quarters of 2025, revenue fell sharply, and net profit continued to suffer losses. The company has overdue debts, increased litigation, frozen bank accounts, etc., and there is significant uncertainty in its ability to continue operating. The company's stocks may be terminated from listing because the financial indicators do not meet the standards or the stock price falls below 1 yuan. There is uncertainty in the realization of related asset pledges in credit enhancement measures.
The above content is compiled by Securities Star based on public information and generated by an AI algorithm (Network Information No. 310104345710301240019) and does not constitute investment advice.
