Renrenle (i.e. *ST Renle, 002336.SZ), once known as the "first stock in private supermarkets", ushered in the countdown to delisting.
On the evening of June 5, *ST Renle (002336) announced that the company received the "Decision on the Delisting of the Stock List of Renrenle Chain Commercial Group Co., Ltd." delivered by the Shenzhen Stock Exchange on the same day, and the Shenzhen Stock Exchange decided to terminate the listing of the company's stock.
The announcement shows that *ST Renle stock will resume trading on June 13 and enter the delisting settlement period. The delisting settlement period is fifteen trading days, and the expected last trading date is July 3. The date of termination is July 4.
*ST people are happy to suspend trading on April 30. At the close of April 29, *ST Renle Daily reported 3.69 yuan per share, with a total market value of 1.62 billion yuan.
Photo source: Wind
The termination of listing
The announcement shows that on April 22, 2024, the company's stock transactions were delisted because *ST Renle's audited net assets in 2023 were -387 million yuan. On April 30, 2025, *ST Renle disclosed its first annual report after the delisting risk warning of stock trading showed that the company's audited end-of-period net assets in 2024 were -404 million yuan, the financial accounting report was issued an audit report that could not express an opinion, and the internal control of the financial report was issued an audit report with a negative opinion, which touched the termination of the Shenzhen Stock Exchange stock listing.
*ST Renle stated in the announcement that stocks were trading on the risk warning board during the delisting and consolidation period. On the first trading day of the delisting settlement period, the company's stock price had no limit on the rise and fall, and the daily limit on the rise and fall was 10% thereafter.
*ST Renle shares will be transferred to the delisting sector managed by the National Equities Exchange and Quotation Company for share transfer. The company will hire a securities company in a timely manner and entrust it to provide share transfer services to the company after the company's shares are delisted, and authorize it to handle share registration, share reconfirmation, and share transfer services in the delisting sector managed by the National Equities Exchange Company on behalf of the stock exchange market registration and settlement system.
Sustained loss in performance
*ST Renle's 2024 annual report shows that the company's main business is commodity retail chain operations. The company mainly conducts business through direct chain stores, and physical stores are mainly leasing; in terms of business model, it mainly adopts a multi-business development model that combines physical formats such as hypermarket, boutique supermarket, community life supermarket, and department stores with "Everyone Le Home" mini program and APP services.
In 2024, the company achieved operating income of 1.43 billion yuan, a year-on-year decrease of 49.86%; the net profit attributable to shareholders of listed companies was -17 million yuan, with a loss of 498 million yuan in the same period last year.
The announcement shows that as of the end of 2024, the company had 32 stores, all of which were direct-operated stores. In 2024, the company opened 1 new store, closed 45 stores, and transferred 15 stores.
*ST Renle's first quarter report shows that in the first quarter of 2025, the company achieved operating income of 129 million yuan, a year-on-year decrease of 77.81%; net profit attributable to shareholders was a loss of 79.6167 million yuan, a loss of 132 million yuan in the same period last year.
Previous news
The chairman has resigned
It is worth noting that the performance forecast released by Renrenle mentioned that the company's expected profit of 410 million yuan to 460 million yuan in 2024. However, after the annual report was released, the performance changed drastically, from a forecast profit of over 400 million yuan to a loss of over 17 million yuan.
Renrenle gave two explanations for the reasons for the performance changes:
First, according to the latest information obtained by the accountant, the company's sale of Xi'an Renrenle Commodity Distribution Co., Ltd. and Xi'an Gaolongsheng Commercial Operations Management Co., Ltd. and it does not meet the conditions for confirming the equity transfer income on December 31, 2024.
Secondly, based on the latest repayment of advances for 13 equity transfer subsidiaries in 2024, based on the latest situation obtained by the company, the 111 million yuan advance payment that had not been returned as of the date of the announcement is at risk of being unrecovered, and a full provision of bad debts of 111 million yuan was set aside for the unrecovered advance payments.
As the performance in 2024 changes, Renrenle has suffered losses for the fourth consecutive year.
In addition, in the storm, Hou Yankui, chairman of Renrenle, suddenly resigned on the spot. On the evening of March 19, 2025, Renrenle suddenly announced that Chairman Hou Yankui, who had only been in office for one and a half years, applied to resign due to health reasons and resigned from all positions including directors, chairman and legal representatives.
Trend news source: China Securities Journal, Interface News, etc.
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