The liquidation price of shares refers to the actual value of each share when a joint-stock company goes bankrupt or goes into liquidation after its collapse. Theoretically, the liquidation price per share of a stock should be consistent with the book value of the stock. However, when an enterprise goes bankrupt and liquidates, its property value is calculated according to the actual sales price, while when disposing of the property, its sales price is generally lower than the actual value.

Therefore, the closing price of the stock will be inconsistent with the net value of the stock. The liquidation price of stocks is only used as the basis for determining the stock price when a joint-stock company loses its legal personality due to bankruptcy or other reasons, and it has no significance in the process of stock issuance and circulation. Personally, I don't want to pay too much attention to the closing price of stocks in stock trading based on my experience in Kunshan Sales Department of GF Securities, because the closing price of stocks will only appear when the company goes bankrupt or can't continue to operate!