证券代码：600608 证券简称：*ST 沪科 公告编号：临 2026-006 上海宽频科技股份有限公司 关于股票可能被终止上市的风险提示公告 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个别及连带责任。 重要内容提示： 公司于 2025 年 4 月 29 日披露了《关于公司股票被实施退市风险警示并 继续被实施其他风险警示暨停牌的公告》，公司股票于 2025 年 4 月 30 日起被实 施退市风险警示。若公司出现《股票上市规则》第 9.3.1 条规定的情形，公司股 票将被上海证券交易所终止上市，请广大投资者注意投资风险。 年审会计师仍需对本期开展的花卉类业务的商业实质、独立性及可持续 性进一步穿透验证，年审会计师尚无法确定公司扣非净利润为正。公司 2025 年 度归属于母公司所有者的扣除非经常性损益后的净利润为 28 万元到 42 万元，年 审会计师仍需对本期开展的花卉类业务的商业实质、独立性及可持续性进一步穿 透验证。截至本公告披露日，年审会计师尚不能完全确定公司利润总额、归属于 母公司所有者的净利润或者归属于母公司所有者的扣除非经 ...

经济观察网ST沪科(600608)因2024年营业收入低于1亿元且利润为负值，自2025年4月30日起被实施退市 风险警示。若2025年经审计的利润总额、净利润或扣非净利润孰低者为负值且营业收入低于3亿元，公 司股票可能被终止上市。 违规披露情况 2026年2月10日，上交所就公司2025年业绩预告相关事项下发监管工作函，涉及对花卉类业务商业实质 的验证，年审会计师尚不能完全确认财务数据是否消除退市指标影响。公司历史遗留的原控股股东资金 占用问题未解决，余额占净资产比例较高。同时，公司正在推进发行股份购买资产等重大资产重组事 项。 以上内容基于公开资料整理，不构成投资建议。 公司因涉嫌信息披露违法违规于2025年12月收到中国证监会《立案告知书》，目前调查仍在进行中，可 能面临100万元以上1000万元以下行政处罚。 公司状况 ...

Core Insights - The "Shanghai Science and Technology Museum Station - National Science Popularization Station" has been newly launched, with public trial opening set for February 17, 2026 [1][3]. Group 1: Project Overview - The renovation of the science popularization station took six months and features a 20-square-meter immersive science space themed "Chinese Dragon in Major National Instruments" [3]. - The station is designed as a cultural demonstration site among over 500 subway stations in the city, promoting the idea that "science is everywhere" [3]. Group 2: Content and Features - The station showcases major national instruments such as the "Snow Dragon 2" polar research icebreaker, "Dragon" series fighter jets, "Silver Dragon" shield tunneling machine, and nuclear technologies like "Hualong One" and "Linglong One" [5]. - It employs lightweight visual design and incorporates science videos and interactive games to enhance citizen engagement and experience [5]. Group 3: Educational Impact - The station aims to connect "technological innovation" with "science popularization," serving as a key project in the science popularization efforts of the Pudong New Area [5]. - The renovation is seen as an innovative practice extending the functions of the Shanghai Science and Technology Museum, establishing a model for science popularization in public spaces [5].

Core Viewpoint - The "Qiji Bunteng - Year of the Horse Science and Culture Special Exhibition" at the Shanghai Science and Technology Museum, co-hosted by the Palace Museum, aims to blend technology and culture through the theme of horses, offering an immersive cultural experience to visitors starting from February 17, 2026 [1][4][10]. Group 1: Exhibition Overview - The exhibition features a narrative centered around horses, structured into four chapters: "The Emergence of Qiji," "The Wild of Life," "The Gallant Shadows of a Thousand Years," and "The Language of Horses" [4]. - It integrates artifacts, specimens, and digital interactive technology to showcase the evolution of horses from ancient times to modernity, creating an immersive experience that is visually engaging and educational [4][6]. Group 2: Featured Artifacts and Technology - The exhibition includes over 20 precious horse-themed artifacts from the Palace Museum, marking their first appearance in Shanghai, and spans various historical periods, showcasing the multifaceted role of horses in history [6]. - Advanced technologies such as immersive interaction, AI recognition, and 3D printing are employed to enhance visitor engagement, allowing for unique interactive experiences [10]. Group 3: Duration and Visitor Engagement - The "Qiji Bunteng" exhibition will run until August 16, 2026, inviting visitors to explore the rich cultural heritage and innovative technology associated with horses during the Spring Festival [13].

Core Viewpoint - Shanghai Science and Technology Museum will begin trial operations on February 17, coinciding with the Lunar New Year, and will feature a special exhibition on horse-themed cultural artifacts in collaboration with the Palace Museum [1] Group 1: Opening Details - The museum will be open from February 17 to February 22, 9:00 AM to 6:00 PM, and from February 23 onwards, the hours will be Tuesday to Sunday, 9:00 AM to 5:00 PM [1] - Tickets for the museum will be available for purchase online starting at 10:00 AM on the opening day, with movie and theater tickets available from 10:30 AM [1] Group 2: Ticketing Information - To manage visitor flow, there will be a ticket purchase limit: one admission ticket and two movie/theater tickets per account or ID during the Spring Festival period [1] Group 3: Special Exhibition - The exhibition titled "Galloping Steeds: Technology and Culture in the Year of the Horse" will showcase over 20 precious horse-themed artifacts from the Palace Museum, marking their first collective display in Shanghai [1]

Core Viewpoint - The company *ST HuKe (600608) is under regulatory scrutiny due to its 2025 performance forecast, which raises concerns about the accuracy and reliability of its financial data [1] Group 1: Regulatory Actions - The Shanghai Stock Exchange issued a regulatory work letter to *ST HuKe regarding the performance forecast for 2025, involving the company, its directors, senior management, and related intermediaries [1] - The company is currently under investigation and may face administrative penalties ranging from 1 million to 10 million yuan [1] Group 2: Financial Forecast and Risks - *ST HuKe forecasts a net profit attributable to shareholders after deducting non-recurring gains and losses of between 280,000 to 420,000 yuan for 2025 [1] - The annual audit accountant has not yet confirmed whether the total profit, net profit, or net profit after deducting non-recurring gains and losses will be positive, which could affect the company's delisting indicators [1] - If the investigation concludes that the company has engaged in information disclosure violations or other significant misconduct, the authenticity and fairness of the 2025 financial data may be questioned [1]

Core Insights - Shanghai aims for a GDP growth of approximately 5% in 2025, with a focus on enhancing its international economic center and supporting key industries such as smart connected vehicles, marine economy, low-altitude economy, aerospace, and satellite internet [2][4] Industry Development Goals - The report emphasizes the importance of integrating technology and industry innovation to cultivate new productive forces, including accelerating the application of major technological achievements and promoting intelligent, green, and integrated industrial development [3] - Shanghai plans to increase its R&D expenditure to 4.6% of GDP, with significant growth in the integrated circuit, biomedicine, and artificial intelligence sectors, which have collectively surpassed 2 trillion yuan [3][4] Specific Industry Initiatives - The city has outlined specific initiatives for smart connected vehicles, including the "Mosu Zhixing" action plan, which aims for large-scale implementation of high-level autonomous driving by 2027, targeting over 90% of new vehicles to have L2 and L3 capabilities [4] - In the low-altitude economy sector, Shanghai aims for a core industry scale of approximately 80 billion yuan by 2028, with plans to establish itself as a global hub for eVTOL (electric vertical takeoff and landing) technology [5] Recommendations and Challenges - Industry representatives suggest leveraging Shanghai's strengths in high-end manufacturing and technology innovation to advance low-altitude economy sectors, while also addressing challenges in key technologies such as autonomous flight control and low-altitude communication [6] - Recommendations include accelerating the establishment of standards and applications in low-altitude communication, navigation, and safety operations, as well as fostering collaboration among leading enterprises, research institutions, and universities [6]

Core Viewpoint - *ST HuKe (600608) is facing significant financial challenges, with a projected net profit range for 2025 indicating potential losses and risks related to delisting due to financial indicators [1] Financial Performance Summary - The company expects a total profit for 2025 between 3.8 million to 5.6 million yuan, with net profit attributable to shareholders ranging from 3.9 million to 5.8 million yuan [1] - The projected operating revenue is estimated to be between 7.5 million to 11 million yuan, and net assets are expected to be between 38 million to 45.6 million yuan [1] Risk Factors Summary - The company will be subject to delisting risk warnings starting April 29, 2025, as the annual audit has not confirmed a positive net profit after deducting non-recurring gains and losses [1] - There are ongoing investigations by the China Securities Regulatory Commission regarding potential violations of information disclosure, which may lead to administrative penalties [1] - The audit work is incomplete, indicating that final financial data may differ from the projections, and there is a risk of net profit turning negative [1]

Core Viewpoint - *ST HuKe is facing significant financial challenges, including potential delisting risks due to negative net profit and low revenue projections for 2025, alongside ongoing investigations for information disclosure violations [2][4]. Trading Information Summary - On January 30, *ST HuKe closed at 4.01 yuan, up 4.97%, with a turnover rate of 2.25% and a trading volume of 71,700 shares, amounting to a transaction value of 27.91 million yuan [1]. - The net inflow of main funds was 1.0611 million yuan, accounting for 3.8% of the total transaction value, while retail investors saw a net outflow of 727,200 yuan, representing 2.61% of the total [1]. Performance Disclosure Highlights - *ST HuKe forecasts a net profit of 390,000 to 580,000 yuan for 2025, with a non-recurring net profit expected to be between 28,000 and 42,000 yuan, and total revenue projected at 750,000 to 1,100,000 yuan [1][4]. - The company is under scrutiny for historical non-operational fund occupation amounting to 348.61 million yuan, which is 921.63% of the latest audited net assets, a legacy issue from 2000 to 2007 that remains unresolved [1][4]. Company Announcement Summary - The company has been placed under delisting risk warning since April 30, 2025, due to anticipated negative net profit and revenue below 300 million yuan for the fiscal year [2]. - The annual audit for 2025 has not been completed, and the auditor has not confirmed whether the non-recurring net profit will be positive, raising concerns about the viability of the flower business and potential administrative penalties from the regulatory authority [2].

Core Viewpoint - A number of listed companies are raising alarms about delisting risks as they release their 2025 performance forecasts, with several *ST companies already indicating they may not meet financial standards necessary to remain listed [1][2]. Group 1: Financial Performance and Delisting Risks - Several *ST companies, including *ST Guandian, *ST Yanshi, *ST Jinglun, and *ST Chuntian, have issued warnings about delisting risks due to poor financial performance [1]. - *ST Yanshi and *ST Jinglun have explicitly reached financial delisting indicators, with both companies expected to report revenues below 300 million yuan and losses in 2025 [2]. - *ST Yanshi forecasts revenues between 48 million to 60 million yuan and net losses between 180 million to 250 million yuan, indicating a significant deterioration in operational conditions [2][3]. Group 2: Audit Opinions and Compliance Issues - Companies like *ST Chun Tian and *ST Mu Bang are facing dual delisting risks due to both financial indicators and non-standard audit opinions, with auditors unable to confirm if their adjusted revenues will exceed 300 million yuan [4]. - *ST Jinglun's revenue is projected at 86.22 million yuan, which is below the 300 million yuan threshold, and the company is also facing scrutiny due to reliance on a single client for its new business [3]. - Non-standard audit opinions often indicate issues such as financial misreporting or severe doubts about a company's ability to continue as a going concern, which can trigger delisting [3][6]. Group 3: Regulatory Environment and Market Reactions - The tightening of delisting regulations has increased pressure on underperforming companies, with the revenue threshold for main board loss-making companies raised from 10 million to 30 million yuan [2]. - Regulatory authorities maintain a strict stance against "shell company" behaviors, as evidenced by the investigation into *ST Changyao for financial data misrepresentation, which could lead to severe penalties and delisting [8]. - The market is witnessing a trend of orderly and timely exits for underperforming companies, reflecting a shift towards a more stringent delisting mechanism [1][2].