Market Overview - A total of 87 stocks reached the daily limit up, while 13 stocks hit the daily limit down in the A-share market on February 24 [1] - The precious metals sector was active, with silver-related stocks such as Hunan Silver hitting the limit up [1] Sector Performance - The MLCC (Multi-Layer Ceramic Capacitor) concept stocks strengthened, with Fenghua Hi-Tech and Yunzhu Technology reaching the limit up [1] - The fiberglass sector saw gains, with Honghe Technology and Shandong Fiberglass achieving limit up for three out of four days [1] Continuous Limit Up Stocks - ST Jinglan achieved 12 limit ups in 16 days, while ST Jinhong and *ST Wanfang recorded five consecutive limit ups [1] - Jin Niu Chemical had four limit ups in seven days, and other stocks like YN Energy and Meibang Shares had four consecutive limit ups [1] - Jiangxi Tungsten Equipment and Hanlan Shares recorded three consecutive limit ups, while Jin Zhengda had two limit ups in three days [1] Continuous Limit Down Stocks - *ST Jinglun and *ST Xiongmao faced three consecutive limit downs, while Decai Shares had two consecutive limit downs [1] - Other stocks such as *ST Guohua, Bona Film, and *ST Yuanshang also hit the limit down [1]

Group 1 - A-shares experienced significant movement with 39 stocks hitting the daily limit up and 8 stocks hitting the limit down on February 13 [1] - The autonomous driving and smart cockpit sectors saw a simultaneous rise, with Zhejiang Shibao, Xingmin Zhitong, and Qianli Technology reaching the limit up [1] - The advanced packaging concept also strengthened, with Yitian Co., Ltd. hitting the limit up [1] Group 2 - ST Cuihua faced a continuous decline with 4 consecutive limit down days, while *ST Jinglun and *ST Xiongmao experienced 2 consecutive limit down days [2] - Other companies such as Yabo Co. and Zhuolang Intelligent also hit the limit down [2]

（文章来源：每日经济新闻） 每经AI快讯， *ST万方涨停走出4连板，4天累计涨幅达22.1%。 ...

Core Viewpoint - The company is facing significant financial challenges, including potential delisting risks due to negative profit forecasts and ongoing regulatory investigations, which may impact investor sentiment and stock performance [3][8][10]. Financial Performance - The company has projected its 2025 financial results, estimating revenue between 200 million and 250 million, with a net loss expected between 50 million and 35 million [3][8]. - The anticipated financial results indicate that both total profit and net profit attributable to shareholders will be negative, with revenues below 300 million [3][8]. Regulatory and Compliance Issues - The company has been under investigation by the China Securities Regulatory Commission (CSRC) since July 25, 2025, for suspected violations of information disclosure laws, with no conclusive findings reported as of the announcement date [10]. - The company received a qualified audit opinion from Zhongxing Caiguanghua Accounting Firm regarding the recoverability of investments, which poses a risk of receiving a similar opinion in the 2025 audit report, potentially leading to delisting [4][9]. Market Activity and Stock Performance - The company's stock experienced a continuous decline, hitting the limit down for 20 trading days from January 13 to February 9, 2026, followed by a surge with three consecutive limit-up days starting February 10, 2026 [5][2]. - The trading volume significantly increased, with a turnover rate reaching 36% over two days, indicating heightened market activity and potential speculative trading [5]. Risk Warnings - The company has been under delisting risk warning since April 30, 2025, with its stock name changed to "*ST WanFang" and a daily trading limit of 5% imposed [2][7]. - The company has issued multiple risk warning announcements regarding the potential for delisting due to financial performance and ongoing investigations [11].

证券代码：000638 证券简称：*ST 万方 公告编号：2026-027 万方城镇投资发展股份有限公司 关于股票交易风险提示性公告 本公司及其董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、公司股票自 2026 年 2 月 10 日起连续 3 个交易日涨停，剔除大盘整体因 素后，公司股价实际波动幅度较大，存在市场情绪过热、非理性炒作的风险。公 司已在近期多次披露股票交易异常波动公告、股票可能被终止上市的风险提示公 告及立案调查进展暨风险提示公告，敬请广大投资者理性投资，审慎决策，避免 二级市场交易面临较大投资风险。 1 / 4 上述不确定性情况尚未消除，公司 2025 年度审计报告仍存在被出具保留意见审 计报告的风险。若公司 2025 年度被出具保留意见审计报告，根据《深圳交易所 股票上市规则》，公司股票将因触及财务类退市情形被终止上市。敬请投资者关 注公司相关风险，理性决策，注意投资风险。 5、公司于 2025 年 7 月 25 日收到中国证监会下发的《中国证券监督管理委 员会立案告知书》，截至本公告披露日，中国证监会的调查尚在进行中，公司尚 ...

证券代码：000638 证券简称：*ST 万方 公告编号：2026-026 万方城镇投资发展股份有限公司 关于股票交易异常波动的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、公司自 2025 年 4 月 30 日起被实施退市风险警示，证券简称由"万方发 展"变更为"*ST 万方"，证券代码仍为"000638"，股票交易的日涨跌幅比例限 制为 5%。具体详见公司于 2025 年 4 月 29 日披露的《关于公司股票交易被实施 退市风险警示暨停牌的公告》（2025-031）。 2、公司于 2026 年 1 月 31 日披露了《2025 年度业绩预告》，预计 2025 年度 主要财务指标区间为：营业收入 20,000 万元至 25,000 万元,扣除后营业收入 15,000 万元至 20,000 万元；利润总额-5,500 万元至-4,000 万元；归属于上市公司股东的 净利润-5,000 万元至-3,500 万元；扣除非经常性损益后的净利润-2,200 万元至 -1,500 万元。公司预计 2025 年度利润总额、归属于上市公司股东的 ...

Group 1 - The company *ST WanFang experienced a trading halt with a "limit-up" performance on February 10, indicating strong market interest [1] - The trading volume exceeded 61 million yuan, reflecting significant investor activity [1]

Core Viewpoint - The company, WanFang Urban Investment Development Co., Ltd., has decided to change its accounting firm to Beijing Guofu Jiaying Accounting Firm for the 2025 fiscal year, pending approval from the shareholders' meeting [6][7][19]. Group 1: Board Meeting Resolutions - The company's board meeting was held on February 9, 2026, with all 9 directors present, and the decision to change the accounting firm was unanimously approved [1][19]. - The board also approved the proposal to convene the first extraordinary shareholders' meeting of 2026 [2][19]. Group 2: Accounting Firm Change Details - The current accounting firm, Zhongxing Cai Guanghua, has provided audit services for the company for five consecutive years and issued a qualified opinion for the 2024 fiscal year [15]. - The new accounting firm, Beijing Guofu Jiaying, was established on August 18, 2020, and has 42 partners and 224 registered accountants as of the end of 2025 [7][8]. - The audit fee for the 2025 fiscal year is set at 800,000 yuan, which represents a 33.33% decrease compared to the previous year [14]. Group 3: Shareholders' Meeting Information - The first extraordinary shareholders' meeting is scheduled for February 25, 2026, at 14:45, and will include both on-site and online voting options [23][25]. - The record date for shareholders to participate in the meeting is February 11, 2026 [26].

每经头条（nbdtoutiao）——美国名校毕业刚回国，26岁"金少"空降成董事长和总经理，父母隐退！A股 多位"00后"执掌要职，"不负投资者"成重大考验 每经AI快讯，*ST万方2月9日晚间发布公告称，公司第十届第八次董事会会议于2026年2月9日在北京市 朝阳区裕民路12号中国国际科技会展中心B座12A公司会议室以通讯的方式召开。会议审议了《关于召 开2026年第一次临时股东会的议案》等文件。 （记者 曾健辉） ...

证券代码：000638 证券简称：*ST万方 公告编号：2026-022 万方城镇投资发展股份有限公司 关于拟变更会计师事务所的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 4、改聘会计师事务所的原因及前任会计师的异议情况：结合公司业务发展 情况和整体审计工作的需求，根据财政部、国务院国资委、证监会印发的《国有 企业、上市公司选聘会计师事务所管理办法》等相关规定，公司拟改聘国府嘉盈 为 2025 年度财务报告及内部控制审计机构。公司已就本事项与前后任会计师事 务所进行充分沟通，各方均对本次变更事项无异议。 2026年2月9日，万方城镇投资发展股份有限公司（以下简称"公司"）召开第 十届董事会第八次会议，审议通过了《关于改聘会计师事务所的议案》。拟改聘 北京国府嘉盈会计师事务所（特殊普通合伙）（以下简称"国府嘉盈"）为公司2025 年度财务审计与内部控制审计机构。该议案尚需提交公司股东会审议，现将有关 情况公告如下： 一、拟改聘会计师事务所的基本情况 （一）机构信息 1、基本信息 会计师事务所名称：北京国府嘉盈会计师事务所（特殊普通合伙 ...