Group 1 - A-shares saw 49 stocks hitting the daily limit up and 14 stocks hitting the daily limit down during the first half of the trading day on January 29 [1] - The precious metals sector was active, with silver-related stocks achieving an 8-day consecutive limit up, and Western Gold reaching 4 limit ups in 7 days [1] - The short drama concept gained strength, with Tian Di Online achieving 5 limit ups in 9 days, and Hengdian Film and Television, Guangdong Media also hitting the limit up [1] Group 2 - Among the consecutive limit up stocks, China Gold achieved 5 consecutive limit ups, Zhejiang Wenhu Interconnection reached 4 limit ups in 8 days, and Jinchen Co. had 3 limit ups in 5 days [1] - Several stocks faced consecutive limit downs, including *ST Aowei with 15 consecutive limit downs, *ST Wanfang with 13 consecutive limit downs, and *ST Yanshi with 4 consecutive limit downs [1] - Other stocks like *ST Dongjing and ST Yingfeitop experienced 3 consecutive limit downs, while *ST Sailong and others faced 2 consecutive limit downs [1]

Core Viewpoint - The company, WanFang Urban Investment Development Co., Ltd., is facing significant financial challenges, including a risk of delisting due to expected poor performance in 2025, with projected revenue below 300 million RMB and potential negative net profits [2][11]. Group 1: Stock Trading Abnormalities - The company's stock experienced a cumulative price drop of 13.18% over three consecutive trading days from January 26 to January 28, 2026, indicating abnormal trading activity [3]. - The stock has shown severe abnormal trading fluctuations, with four instances of similar trading behavior within ten consecutive trading days [3]. Group 2: Company Financial Performance - The company anticipates a revenue of less than 300 million RMB for the fiscal year 2025, with net profit or total profit expected to be negative [11]. - The company received a qualified audit report for 2024, raising uncertainties regarding the recoverability of investments, which may affect the 2025 audit report [12]. Group 3: Regulatory and Compliance Issues - The company is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, with no conclusive findings reported as of the announcement date [13]. - The company received a tax notification requiring the payment of late fees amounting to 30.45 million RMB, which will impact the 2025 net profit [17][18].

证券代码：000638 证券简称：*ST 万方 公告编号：2026-016 万方城镇投资发展股份有限公司 关于股票交易严重异常波动的公告 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 14 日披露的《关于 2025 年度业绩预亏暨公司股票可 能被终止上市的提示性公告》，经公司财务部门初步测算结果，预计公司 2025 年度营业收入低于 3 亿元，且利润总额、净利润或者扣除非经常性损益后的净利 润孰低者为负值；2024 年公司审计报告保留意见所涉事项能否消除存在重大不确 定性。 根据《深圳证券交易所股票上市规则》的相关规定，公司股票将因触及财 务类退市情形被终止上市。 3、公司于 2025 年 7 月 25 ...

证券代码：000638 证券简称：*ST万方 公告编号：2026-017 万方城镇投资发展股份有限公司 关于收到《税务事项通知书》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。 2026 年 1 月 28 日，万方城镇投资发展股份有限公司（以下简称"公司"） 收到税务机关出具的《税务事项通知书》，现将有关情况公告如下： 万方城镇投资发展股份有限公司 董 事 会 二〇二六年一月二十八日 一、基本情况 依据《中华人民共和国税收征收管理法》(主席令(2001)第 49 号)第三十二条、 第三十八条第一款、第四十条第一款、第六十八条《中华人民共和国税收征收管 理法实施细则》(中华人民共和国国务院令(2002)第 362 号)第七十三条的相关规 定，公司应限期缴纳滞纳金人民币 3,045.11 万元。 因应纳税款已于 2025 年度缴纳完毕，公司根据《税务事项通知书》在 2025 年度对滞纳金进行财务处理，本次限期缴滞纳金事项不涉及税务行政处罚。 二、对公司的影响和风险提示 根据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》， 上述滞纳金事项 ...

万方城镇投资发展股份有限公司 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。 特别提示： 证券代码：000638 证券简称：*ST 万方 公告编号：2026-015 1、万方城镇投资发展股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了《关于公司股票交易被实行退市风险警示暨停牌的公告》（公告编号： 2025-031），公司股票于 2025 年 4 月 30 日开市起被实施退市风险警示。若公司 2025 年度出现《深圳证券交易所股票上市规则》第 9.3.12 条规定情形之一，公司 股票将存在被终止上市的风险。 2、根据《股票上市规则》第 9.3.6 条规定："上市公司因触及本规则第 9.3.1 条第一款第一项至第三项情形，其股票交易被实施退市风险警示后，应当在其股 票交易被实施退市风险警示当年会计年度结束后一个月内，披露股票可能被终止 上市的风险提示公告，在首次风险提示公告披露后至年度报告披露前，每十个交 易日披露一次风险提示公告。"公司应当披露股票可能被终止上市的风险提示公 告。敬请广大 ...

Core Viewpoint - The company *ST WanFang is facing delisting risk due to anticipated financial difficulties, including projected revenue below 300 million yuan for 2025 and negative net profits, which may lead to a financial termination of listing situation [1] Financial Performance - The company expects revenue for the fiscal year 2025 to be less than 300 million yuan [1] - Both the pre-tax and post-tax net profits are projected to be negative for 2025, potentially triggering financial delisting conditions [1] - The 2024 annual financial report has been issued with a qualified opinion, indicating ongoing uncertainties regarding the company's financial status [1] Regulatory Issues - The company is under investigation for suspected information disclosure violations, which could lead to mandatory delisting if significant legal violations are confirmed [1] - There is a possibility that the 2025 audit report may also receive a qualified opinion, further complicating the company's financial outlook [1]

Trading Information Summary - The stock price of *ST WanFang (000638) closed at 3.17 yuan on January 23, 2026, down 5.09%, with a trading volume of 2.41 million shares and a turnover of 7.65 million yuan [1] - The stock has experienced a continuous decline for 9 days, with 5 out of the last 5 trading days showing a drop of over 5%, resulting in a cumulative decline of 32.29% for the year [1][3] - In the first 10 trading days, the net outflow of main funds reached 16.81 million yuan, with a cumulative drop of 34.24% in stock price [1] Fund Flow Analysis - On January 23, the net outflow of main funds was 5.33 million yuan, while speculative funds saw a net inflow of 1.84 million yuan, and retail investors had a net inflow of 3.49 million yuan [1] Stock Performance and Regulatory Issues - *ST WanFang was listed on the "Dragon and Tiger List" due to a cumulative price drop deviation of 12% over three consecutive trading days, marking the second time it has appeared on the list in the last 5 trading days [2][3] - The company announced that it expects its 2025 annual revenue to be below 300 million yuan, with a negative net profit, potentially leading to financial delisting scenarios [2][3] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, and the investigation is ongoing [2][3]

Core Viewpoint - The company *ST WanFang announced that its stock price experienced an abnormal fluctuation, with a cumulative decline of 17.11% over three consecutive trading days from January 21 to January 23, 2026, but confirmed that there are no undisclosed significant impacts on its operations [1] Group 1 - The company verified that previously disclosed information does not require correction or supplementation, and no undisclosed significant information was found [1] - The operating environment remains unchanged, and there are no undisclosed matters that need to be reported [1] Group 2 - The company faces multiple delisting risks, with projected revenue for 2025 expected to be below 300 million and profits anticipated to be negative, which may trigger financial delisting [1] - The audit for 2024 has not resolved the reserved opinion issues, and the 2025 audit may still receive a reserved opinion [1] - The company is under investigation by the China Securities Regulatory Commission since July 2025, with the outcome pending, which may lead to mandatory delisting due to significant violations [1]

证券代码：000638 证券简称：*ST 万方 公告编号：2026-014 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 2、公司于 2026 年 1 月 14 日披露的《关于 2025 年度业绩预亏暨公司股票可 能被终止上市的提示性公告》，经公司财务部门初步测算结果，预计公司 2025 年度营业收入低于 3 亿元，且利润总额、净利润或者扣除非经常性损益后的净利 润孰低者为负值；2024 年公司审计报告保留意见所涉事项能否消除存在重大不确 定性。 根据《深圳证券交易所股票上市规则》的相关规定，公司股票将因触及财 务类退市情形被终止上市。 3、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 未收到就上述立案事项的结论性意见或决定。若后续经中国证监会行政处罚且相 关认定的事实触及《深圳证券交易所股票上市规则》规定的重大违法强制退市情 形时，公司股票可能被实施重大违法强制退市。 一、股票交易异常波动情况 万方城镇投资发展股份有限公司（以下简称"公司"）股票连续三个交易日 （2026 年 1 月 21 ...

Group 1 - As of January 23, a total of 410 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more [1] - Qin'an Co., Ltd. has the longest streak of net outflows, with 23 consecutive days [1] - Aerospace Development has the largest total net outflow amount, with a cumulative outflow of 7.516 billion yuan over 12 days [1] Group 2 - The stock with the highest percentage of net outflow relative to trading volume is *ST Wanfang, which has seen a 37.35% decline over the past nine days [1] - Other notable stocks with significant net outflows include Sannuo Technology and BYD, with net outflows of 5.734 billion yuan and 3.355 billion yuan respectively [1] - The data indicates a trend of significant capital withdrawal from certain sectors, reflecting potential investor concerns [1][2]