Group 1 - The company *ST Huifeng announced an earnings forecast on January 30, expecting a net profit loss attributable to shareholders of the listed company between 170 million yuan and 220 million yuan for 2025 [1] - In the same period last year, the net profit loss attributable to shareholders was approximately 155 million yuan [1]

证券代码： 002496 证券简称： *ST 辉丰 公告编号： 2026-002 江苏辉丰生物农业股份有限公司 关于公司股票可能被终止上市的风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记 载、误导性陈述或重大遗漏。 1. 公司于2025年4月22日披露了《关于公司股票交易被实施退市风险警示叠 加其他风险警示暨股票停牌的公告》(公告编号：2025-022)，因公司2024年度归 属于上市公司股东的净利润为负值且扣除后营业收入低于3亿元，根据《深圳证券 交易所股票上市规则》相关规定，公司股票于2025年4月23日起被实施退市风险 警示。若公司2025年度出现《深圳证券交易所股票上市规则》(2025年修订) 第 9.3.12 条规定的情形，公司股票存在被终止上市的风险。 2. 根据《深圳证券交易所股票上市规则》(2025年修订)第 9.3.6 条的规定 ，公司应当在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。 ，敬请广大投资者理性投资，注意投资风险。 ...

Financial Performance Expectations - The company expects a net profit attributable to shareholders to be in the range of a loss of 17,000 to 22,000 million yuan, representing an increase in loss of 9.61% to 41.85% compared to the previous year [4]. - Total profit is projected to be a loss of 18,000 to 23,000 million yuan, which is an increase in loss of 29.01% to 64.84% year-over-year [4]. - Operating revenue is estimated to be between 38,000 and 42,000 million yuan, compared to 28,001.05 million yuan in the same period last year [4]. - The company anticipates a loss of 13,000 to 17,000 million yuan for net profit after deducting non-recurring gains and losses, which is a reduction in loss of 27.30% to 44.41% compared to the previous year [4]. - The basic earnings per share are expected to be a loss of 0.11 to 0.15 yuan per share, compared to a loss of 0.10 yuan per share in the previous year [4]. Financial Position and Equity - The company’s total equity attributable to shareholders is projected to be between 110,000 and 115,000 million yuan, down from 132,837.69 million yuan at the end of the previous year [4]. Risks and Uncertainties - The company attributes the expected losses to fair value changes in financial assets, impairment losses on fixed assets, and unfulfilled operational expectations during its transformation phase [7]. - The company has been under financial risk warning since April 23, 2025, due to consecutive years of negative net profit and uncertainty regarding its ability to continue as a going concern [9]. - Investors are advised to be aware of risks related to potential adjustments in financial indicators due to revenue deductions and the ongoing audit process [8]. - The revenue figures provided are preliminary and unaudited, with potential adjustments expected in the final annual report [8].

Market Overview - The agricultural chemical sector experienced a decline of 1.56% on January 29, with Nongda Technology leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable gainers in the agricultural chemical sector included: - Guangxin Co., Ltd. (Code: 6655209) with a closing price of 15.50, up 10.01% and a trading volume of 779,400 shares, totaling 1.156 billion yuan [1] - Limin Co., Ltd. (Code: 002734) closed at 20.99, up 6.98% with a trading volume of 835,600 shares, totaling 1.696 billion yuan [1] - Major decliners included: - Nongda Technology (Code: 920159) with a closing price of 46.05, down 12.93% and a trading volume of 81,600 shares, totaling 3.81 billion yuan [2] - Zhongnong United (Code: 003042) closed at 22.87, down 10.00% with a trading volume of 455,700 shares [2] Capital Flow - The agricultural chemical sector saw a net outflow of 1.974 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.463 billion yuan [2] - The capital flow for specific stocks showed: - Limin Co., Ltd. had a net inflow of 1.89 billion yuan from institutional investors, but a net outflow of 819.96 million yuan from retail investors [3] - Guangxin Co., Ltd. experienced a net inflow of 139 million yuan from institutional investors, with a net outflow of 668.65 million yuan from retail investors [3]

Core Viewpoint - *ST Huifeng (sz002496) experienced a limit down on January 28, 2026, with a price of 1.88 yuan, a decline of 5.05%, and a total market value of 2.834 billion yuan, attributed to performance losses, governance adjustment controversies, and subsidiary operational issues [1] Group 1: Company Performance - The company reported a 42.70% year-on-year increase in operating revenue, but net profit losses expanded by 347.45% [1] - Operating costs increased by 70.34% year-on-year, outpacing revenue growth, leading to a negative net cash flow from operating activities of -18.11 million yuan [1] - The bankruptcy liquidation of a subsidiary indicates poor operational performance in certain business segments, lowering market expectations for future profitability [1] Group 2: Governance Issues - Recent governance structure adjustments, including the cancellation of the supervisory board, have raised concerns about the effectiveness of oversight mechanisms, potentially impacting investor confidence [1] - While these changes may enhance decision-making efficiency and operational standards in the long term, short-term market reactions have been negative [1] Group 3: Market Sentiment and Risks - The company carries a *ST designation, indicating a risk of delisting, which has made investors more cautious and may lead to capital outflows, further pressuring the stock price [1] - The combination of performance issues and governance concerns has resulted in a significant drop in investor sentiment, contributing to the stock's limit down [1]

Recent Stock Performance - The stock has shown a mixed performance over the past few trading days, with a total of three limit-up days within five trading sessions, resulting in a cumulative increase of 14.86% [2] - The stock's turnover rate during this period reached 19.37%, indicating significant trading activity [2] - As of the latest data, the stock's total market capitalization is approximately 3.03 billion yuan, with a circulating market value of about 2.24 billion yuan [2] Daily Trading Data - On January 7, 2026, the stock remained unchanged with a turnover rate of 3.38% and a net outflow of approximately 530.35 thousand yuan [1] - On January 6, 2026, the stock decreased by 1.04% with a higher turnover rate of 5.70% and a net outflow of about 1,299.33 thousand yuan [1] - The stock experienced a notable increase of 4.89% on January 5, 2026, with a turnover rate of 3.83% and a small net inflow of 15.11 thousand yuan [1]

Group 1 - The average stock price of A-shares is 14.43 yuan, with 33 stocks priced below 2 yuan, the lowest being *ST Changyao at 0.88 yuan [1] - Among the low-priced stocks, 9 are ST stocks, accounting for 27.27% of the total [1] - In terms of market performance, 25 of the low-priced stocks increased in price, with Yongtai Energy, Dongtong Tui, and *ST Aowei leading the gains at 5.70%, 5.51%, and 5.26% respectively [1] Group 2 - The lowest priced stock, *ST Changyao, has a closing price of 0.88 yuan and a daily turnover rate of 15.68% [1] - Other notable low-priced stocks include *ST Lifan at 1.04 yuan and Dongtong Tui at 1.34 yuan, with daily price changes of 0.00% and 5.51% respectively [1] - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, and industry classifications [2]

Group 1 - The agricultural chemical sector increased by 0.97% on December 22, with Hongda Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3917.36, up 0.69%, while the Shenzhen Component Index closed at 13332.73, up 1.47% [1] - Key stocks in the agricultural chemical sector showed various performance metrics, with Hongda Co., Ltd. closing at 12.21, up 5.35%, and Salt Lake Co., Ltd. at 28.17, up 4.22% [1] Group 2 - The main funds in the agricultural chemical sector experienced a net outflow of 139 million yuan, while retail investors saw a net inflow of 332 million yuan [1] - The trading volume for Hongda Co., Ltd. was 940,800 shares, with a transaction value of 1.137 billion yuan [1] - The overall trading activity in the agricultural chemical sector indicates a mixed sentiment among institutional and retail investors [1]

Core Viewpoint - *ST Huifeng (002496) is facing delisting and other risk warnings due to continuous losses and negative cash flow in the first three quarters of 2025, alongside high debt levels and weak short-term repayment capacity [1] Group 1 - The company reported over 40% year-on-year growth in both the first half and the first three quarters of the year [1] - The company is actively working on various management initiatives to improve operations [1] - The final operating results for 2025 will require an audit report from an accounting firm [1]

2．公司第九届董事会第十二次会议决议公告、第十三次临时会议决议公告； 江苏涤非律师事务所 关于江苏辉丰生物农业股份有限公司 2025 年第三次临时股东会的 法 律 意 见 书 〔2025〕苏涤证券字第 05 号 致：江苏辉丰生物农业股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、中国证券监督管理委员会《上市公司股东会规则》（2025 年 修订，以下简称"《股东会规则》"）及《深圳证券交易所上市公司股东会网络投票实施 细则(2025 年修订)》（以下简称"《网络投票实施细则》"）等法律、法规及规范性文件的 规定，江苏涤非律师事务所（以下简称 "本所"）指派孙俐律师、潘春香律师出席了江 苏辉丰生物农业股份有限公司（以下简称"公司"）2025 年第三次临时股东会（以下简 称"本次股东会"），并对本次股东会的相关事项进行见证。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》《律师事 务所证券法律业务执业规则（试行）》等法律法规和规范性文件的规定，以及本法律意 见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循勤 ...