2026 年 3 月 股票代码：600421 股票简称：*ST 华嵘 湖北华嵘控股股份有限公司 2026 年第二次临时股东会会议资料 湖北华嵘控股股份有限公司 2026 年第二次临时股东会须知 为维护股东的合法权益，确保股东会的正常秩序和议事效率，保证股东会的 顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司股东会规范意见》以及公司章程、公司股东会议事规则的有关规定，特制订本 须知如下： 一、董事会以维护全体股东的合法权益、确保会议正常秩序和议事效率为原 则，认真履行《公司章程》中规定的职责。 600421 *ST 华嵘 2026 年第二次临时股东会资料 * [15] M. C. Gonzalez-Garcia, M. C. Gonzalez-Garcia, M. | 2026 | 年第二次临时股东会须知………………………………………………………… | 3 | | --- | --- | --- | | 2026 | 年第二次临时股东会议程………………………………………………………… | 4 | | 1、 | 2026 年度预计日常关联交易的议案…………………………………………… | ...

Group 1 - The core viewpoint of the article highlights that *ST Huaron (600421.SH) has increased its stake in Zhejiang Zhuangchen Construction Technology to 85%, aiming for a net profit turnaround to between 6.5 million and 8 million by 2025 [1] - The subsidiary Zhejiang Zhuangchen has achieved a 30% year-on-year revenue growth, contributing significantly to the overall profit [1] - Although the total revenue is projected to be between 185 million and 195 million, falling short of the 300 million standard, the company is expected to avoid delisting by achieving a positive net profit excluding non-recurring items [1] Group 2 - This case marks the first instance of a company meeting both net asset and net profit standards through mergers and acquisitions under the new "National Nine Articles" policy, serving as a precedent for similar future cases [1]

Core Viewpoint - The company is facing a delisting risk due to negative net profits and insufficient operating revenue, which may lead to termination of its stock listing if financial conditions do not improve [1][3][4]. Group 1: Delisting Risk Announcement - The company disclosed a risk warning regarding delisting on April 26, 2025, due to negative net profits and operating revenue below 300 million yuan for the fiscal year 2024 [1][3]. - The stock was placed under delisting risk warning starting April 29, 2025, as it met the criteria outlined in the Shanghai Stock Exchange Listing Rules [1][3]. - A second risk warning announcement was made on January 29, 2026, reiterating the potential for delisting if the 2025 annual report shows similar negative financial results [2][6]. Group 2: Financial Performance and Reporting - The company reported that its 2025 preliminary earnings estimate indicates a potential continuation of negative net profits and revenue below 300 million yuan, which could trigger financial delisting [1][7]. - The company is required to disclose risk warning announcements every 10 trading days until the annual report is released, following the initial risk warning [2][5][6]. - The financial data provided in the earnings estimate is preliminary and unaudited, emphasizing the uncertainty surrounding the company's financial health [7]. Group 3: Compliance and Investor Communication - The company has committed to timely and accurate information disclosure as per legal requirements, urging investors to pay attention to the risks associated with their investments [7][8]. - The designated media for information disclosure includes the Securities Times, China Securities Journal, and the Shanghai Stock Exchange website [7].

证券代码：600421 证券简称：*ST 华嵘 公告编号：临 2026-011 湖北华嵘控股股份有限公司 关于公司股票可能被终止上市的第二次风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 若触及以下情形，公司股票将被终止上市： （一）经审计的财务会计报告存在《上市规则》第9.3. 2 条第一款第（一） 项、第（二）项规定的任一情形； 公司于2025年4月26日披露了《关于公司股票被实施退市风险警示暨停牌 的公告》（公告编号：临2025-025），因公司2024年度经审计的扣除非经常性损益 前后的净利润均为负值，且扣除与主营业务无关的业务收入和不具备商业实质的 收入后的营业收入低于3亿元,根据《上海证券交易所股票上市规则》（以下简称 "《上市规则》"）规定，公司股票于2025年4月29日起被实施退市风险警示。若公 司2025年年度报告出现《上市规则》第9.3.7条规定的情形，公司股票可能被上 海证券交易所终止上市，请广大投资者注意投资风险。 公司于2026年1月29日披露了《2025年年度业绩预盈公 ...

Core Viewpoint - Huaron Holdings announced that due to negative audited net profits for the fiscal year 2024 and revenue below 300 million yuan after deducting related income, the company's stock will be subject to delisting risk warning starting April 29, 2025 [1] Financial Performance - The company reported that both the audited net profit and the net profit after deductions for the fiscal year 2024 are negative [1] - Revenue is projected to be below 300 million yuan, which is a critical threshold for maintaining listing status [1] Delisting Risk - If the 2025 annual report shows revenue below 300 million yuan and negative net profit, it will trigger financial delisting conditions as per listing rules [1] - This announcement marks the second risk warning issued by the company [1]

Core Viewpoint - The A-share market is experiencing a critical phase where companies are engaging in various actions to avoid delisting due to financial indicators, particularly focusing on achieving revenue above 300 million yuan or turning losses into profits, as well as correcting negative net assets [1][2]. Group 1: Financial Indicators and Delisting Risks - The new "National Nine Articles" implemented in January 2025 raised the revenue threshold for delisting from 100 million yuan to 300 million yuan, allowing companies that can exceed this revenue to avoid delisting risks [5]. - Companies like *ST Jinglun and *ST Dongjing are attempting to cross the delisting threshold through various strategies, including revenue boosts, mergers, and asset disposals [2][6]. Group 2: Company Strategies for Survival - *ST Jinglun is trying to incorporate new business lines into its main revenue streams, but faced challenges with revenue recognition for its new server business, leading to a significant reduction in reported revenue [7][8]. - *ST Dongjing reported an expected revenue increase to between 340 million and 370 million yuan, aided by new business ventures, although it still anticipates losses [9][10]. Group 3: Mergers and Acquisitions - Mergers and acquisitions are being utilized by companies like *ST Huazhong and *ST Huike to surpass financial thresholds, with *ST Huazhong projecting a turnaround in profitability due to its acquisition of a controlling stake in Zhejiang Zhuangchen [12][13]. - *ST Huike's acquisition of a 51% stake in Nanjing Yizhengtong is also noted as a strategy to meet revenue requirements, despite market skepticism regarding its financial health [13]. Group 4: Asset Restructuring and Debt Relief - Several companies are opting for asset disposals to improve their financial standings, with *ST Zhongdi successfully turning its net assets positive through significant asset restructuring [16][17]. - Companies like *ST Nanzhi and *ST Lvkang have also engaged in asset sales to achieve similar outcomes, with *ST Nanzhi transferring real estate assets to improve its equity position [17]. Group 5: Bankruptcy and Debt Waivers - Bankruptcy restructuring has emerged as a key strategy for survival, with companies like *ST Dongyi successfully completing their restructuring plans and improving their financial positions [18]. - Debt waivers from major shareholders or creditors have been reported by several companies, allowing them to quickly enhance their net asset status [18].

Core Viewpoint - The A-share market is witnessing a critical "survival race" as companies face delisting risks due to financial indicators set by the new "National Nine Articles," which include negative profit totals, net profits, and insufficient revenue [2][4]. Group 1: Companies Facing Delisting Risks - *ST Jinglun is experiencing a severe decline, with nine consecutive trading days of limit-down, and a significant drop in trading volume to less than 5 million yuan, as it faces delisting expectations [2]. - Other companies like *ST Dongjing and *ST Huarong are attempting various strategies such as asset restructuring and debt waivers to avoid delisting, focusing on key financial indicators like revenue exceeding 300 million yuan or turning net assets positive [2][4]. Group 2: Financial Performance and Strategies - The new regulations increased the revenue threshold for delisting from 100 million yuan to 300 million yuan, prompting companies to strive for this new target to avoid delisting risks [4]. - *ST Jinglun is attempting to incorporate new business lines into its main revenue stream, while *ST Dongjing is projecting a revenue increase to between 340 million and 370 million yuan, surpassing the 300 million yuan threshold [6][8]. Group 3: Specific Company Actions - *ST Jinglun's revenue forecast for 2025 is approximately 338 million yuan, but after excluding non-core business income, the adjusted revenue is only about 86.22 million yuan, indicating a failure to turn a profit [6][7]. - *ST Huarong expects to achieve a net profit of between 6.5 million and 8 million yuan for 2025, aided by a 30% increase in revenue from its subsidiary, which it acquired a larger stake in [10]. Group 4: Market Reactions and Future Outlook - The market is closely monitoring companies that have narrowly met the revenue thresholds, with concerns about the sustainability of these figures and the potential for revenue adjustments post-audit [11][12]. - Companies are increasingly resorting to mergers and acquisitions as a strategy to enhance their financial performance and meet the new revenue requirements [10][15].

证券代码：600421 证券简称：*ST 华嵘 公告编号：临 2026-008 湖北华嵘控股股份有限公司 关于 2026 年度预计日常关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 公司独立董事于 2026 年 2 月 1 日召开第一次独立董事专门会议对公司《2026 年度预计日常关联交易的议案》进行了审议，公司独立董事本着独立客观判断和 关联交易的公平、公正、公允的原则，认为：1、公司预计 2026 年度内发生的日 常关联交易系公司持股 85%的子公司浙江庄辰建筑科技有限公司因经营的需要， 与本公司实际控制人控制的公司之间发生的模具、模台、桁架筋、楼承板等销售 及加工费、技术服务费；厂房、设备租赁；水、电、原材料采购等，交易价格系 双方根据市场价格原则确定；2、该等交易系公司日常经营行为，对公司持续经 营能力、盈利能力及资产独立性等无不利影响，公司不会对该等日常关联交易产 生依赖，不存在损害公司及其股东特别是中、小股东利益的情形 ...

股票代码：600421 股票简称：*ST华嵘 公告编号：临 2026-007 湖北华嵘控股股份有限公司 第九届董事会第十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 湖北华嵘控股股份有限公司第九届董事会第十次临时会议于 2026 年 2 月 2 日上午 10：30 在公司会议室以通讯方式召开，会议通知于 2026 年 1 月 29 日以 电子邮件、通讯等方式通知全体董事及与会人员。会议应参与表决董事 7 人，实 际参与表决董事 7 人，公司部分高管人员列席了会议，会议由董事长周梁辉先生 主持。本次董事会会议的召开及程序符合《中华人民共和国公司法》和《公司章 程》的有关规定，会议合法有效。经与会董事以记名投票表决的方式，审议并通 过了如下议案： 一、审议并通过了《2026年度预计日常关联交易的议案》。 该议案已经公司董事会2026年第一次独立董事专门会议审议通过，并同意提 交公司董事会审议。 表决结果：6 票同意、0 票反对、0 票弃权。关联董事方兴华回避表决。 特此公告。 湖北华嵘控股股份有限公司董事会 20 ...

股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 股票代码：600421 股票简称：*ST华嵘 公告编号：临 2026-010 湖北华嵘控股股份有限公司 ● 湖北华嵘控股股份有限公司（以下简称"公司"）股票于 2026 年 1 月 29 日、1 月 30 日、2 月 2 日连续三个交易日内日收盘价格涨幅偏离值累计达到 12%。根据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动情 形。 ●公司 2024 年度经审计的扣除非经常性损益后的净利润为负值，且扣除与 主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，触 及《上海证券交易所股票上市规则》第 9.3.2 条第一款第（一）项规定，公司股 票于 2025 年 4 月 29 日起实施退市风险警示。 ●2026 年 1 月 28 日，公司披露 2025 年年度报告业绩预告。相关财务数据 只是公司初步估算，尚未经审计。如最终披露的 2025 年年报显示，公司营业收 人低于 3 亿元且净利润为负，公司将触及财务类退市 ...