Core Viewpoint - Shenzhen Zhongzhuang Construction Group Co., Ltd. (referred to as "ST Zhongzhuang") anticipates a significant net loss for the year 2025, projecting losses between 2.98 billion to 3.38 billion yuan, alongside a non-recurring net loss forecasted between 1.21 billion to 1.61 billion yuan [1] Financial Performance - The company is undergoing a restructuring phase, which has severely impacted its creditworthiness and ability to undertake engineering projects, leading to a decline in operating revenue [1] - The necessity to maintain fixed operating expenses and ongoing financial burdens has resulted in operational losses for the company [1]

Core Insights - The article discusses the performance of ST stocks in the Chinese capital market, highlighting a significant number of companies facing delisting risks due to poor financial results [2][3]. Group 1: Performance of ST Stocks - As of February 2, 178 ST stocks were under risk warnings, with 176 having released earnings forecasts, indicating a trend of companies struggling to meet performance expectations [2][3]. - Only 24% of ST stocks reported improved performance, with 118 continuing to incur losses, while 93 stocks under delisting risk showed that 58 were expected to continue losing money [3][4]. Group 2: Major Losses and Financial Indicators - ST晨鸣 (000488.SZ) is projected to incur the largest loss, estimated between 8.2 billion to 8.8 billion yuan, marking its third consecutive year of losses totaling 16.9 billion yuan [3][4]. - ST柯利达 (603828.SH) anticipates a net loss of 160 million to 200 million yuan, a drastic decline of 1964.13% to 2430.16% compared to the previous year [4]. Group 3: Delisting Risks - Companies like *ST岩石 and *ST精伦 are at risk of delisting due to failing to meet financial criteria, with *ST岩石 expected to have an operating income below 300 million yuan [5][6]. - Several ST stocks are likely to receive non-standard audit opinions, which could further jeopardize their listing status, such as *ST观典 and *ST太和 [5][6]. Group 4: Recovery Efforts - Some ST stocks are attempting to turn around their fortunes through restructuring and asset sales, with *ST金科 (000656.SZ) projecting a net profit of 30 billion to 35 billion yuan for 2025 after a significant debt restructuring [7][8]. - *ST松发 is also expected to achieve a net profit of 2.4 billion to 2.7 billion yuan, following a major asset restructuring that shifted its business focus [8][9].

2026.02. 03 本文字数：2303，阅读时长大约4分钟 作者 | 第一财经 安卓 每当年报过后，就会有一批因业绩再度不达标的风险警示股黯然挥手资本市场，而业绩预告，往往成为市场观察这些公司命运走向的重要风向标。 Wind数据显示，截至2月2日，178只风险警示股中，已有176只发布了业绩预告，其中。93只退市风险警示股已全部发布业绩预告。 这是一场保壳的极速狂奔，仅24%的ST股业绩向好，多只ST股拉响了退市警报，如*ST岩石（600696.SH）、*ST精伦（600355.SH）、*ST观典 （688287.SH）等均称，公司股票可能被终止上市。这些公司大多存在被出具非标年报、利润亏损、扣除后营业收入为负值、期末净资产为负值等情 况，部分公司遭立案调查或被处罚。 退市制度是市场新陈代谢的重要一环，自退市新规发布实施以来，资本市场正加速形成"应退尽退、及时出清"的常态化退市格局。 仅24%ST股业绩向好 Wind数据显示，在178只ST股中，118只续亏、33只扭亏、12只首亏、7只预增、3只预减、1只续盈、1只略增、1只略减，业绩向好的仅占比24%左右。 在其中的93只退市风险警示股中，58只预告续 ...

Core Insights - The article highlights the significant number of companies facing delisting risks due to poor financial performance, with only 24% of ST stocks showing positive results [1][2] - A total of 178 ST stocks were analyzed, with 118 continuing to incur losses, indicating a concerning trend in the market [2][3] Group 1: Financial Performance of ST Stocks - Among the 178 ST stocks, 118 reported continued losses, while only 33 managed to turn a profit, and 12 reported first-time losses [2] - The largest projected loss comes from ST Chenming, with an estimated loss of 8.2 billion to 8.8 billion yuan, marking its third consecutive year of losses totaling 16.9 billion yuan [2][3] - ST Keli Da expects a net loss of 160 million to 200 million yuan for 2025, a drastic decline of 1964.13% to 2430.16% compared to the previous year [3] Group 2: Delisting Risks - Several companies, including ST Yanshi and ST Jinglun, have triggered financial delisting indicators, with ST Yanshi expected to have an operating income below 300 million yuan for 2025 [4] - ST Jinglun anticipates a negative net profit for 2025, with its stock facing potential delisting risks due to financial performance [4][5] - Audit firms have indicated that some ST stocks may receive non-standard audit opinions, further increasing delisting risks [4] Group 3: Recovery Efforts - Some ST stocks are attempting to recover through restructuring and asset sales, with ST Jinke projecting a turnaround with a net profit of 30 billion to 35 billion yuan for 2025 after completing a restructuring plan [6] - ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, following a significant asset restructuring that shifted its business focus [6][7] - ST Weir has also seen positive impacts on its performance through strategic asset acquisitions and divestitures, projecting a net profit of 19 million to 22 million yuan [7]

Core Viewpoint - The Shenzhen Intermediate Court has ruled in favor of investors in the ST Zhongzhuang compensation case, ordering Zhongzhuang Construction to compensate shareholders for investment losses due to false financial reporting [1][5]. Case Background - Zhongzhuang Construction and its subsidiary were found to have misreported financial data from 2017 to 2021 by misclassifying internal contracting projects, leading to understated costs and inflated profits [5][6]. - The company received an administrative penalty notice from the Shenzhen Securities Regulatory Bureau on April 19, 2025, confirming these violations of the Securities Law [2][6]. Compensation Details - Investors who purchased ST Zhongzhuang shares between April 16, 2018, and December 15, 2023, and continued to hold or sell at a loss after December 16, 2023, are eligible to claim compensation [3][7]. - Required documentation for claims includes stock transaction statements and a copy of the investor's ID [7]. - Legal fees for representation in these cases are typically contingent on winning the case, with no upfront costs required [7].

根据会计准则并基于谨慎性原则，公司对应收款项、合同资产及长期股权投资等相关资产计提了较大金 额的信用减值损失和资产减值损失，对当期利润产生较大影响。 2025年度，公司处于重整阶段，信用受损，无法承接工程业务导致营业收入下降，同时公司需维持日常 经营的固定支出及持续的财务费用压力，致使公司经营利润出现亏损。 2025年12月18日，广东省深圳市中级人民法院作出(2025)粤03破652号之一《民事裁定书》，裁定确认 《深圳市中装建设集团股份有限公司重整计划》执行完毕，并终结公司重整程序。通过实施重整计划， 公司以部分现金、资本公积金转增的股票及信托受益权的组合方式完成债务清偿，并剥离非核心资产， 根据企业会计准则的相关规定，该事项预计确认大额债务重组损失，属于非经常性损益，将减少当期净 利润。 格隆汇1月30日丨ST中装（维权）(002822.SZ)公布2025年度业绩预告，预计2025年度净亏损298,000万 元–338,000万元，上年同期亏损178,718.54万元；预计2025年度扣非净亏损121,000万元–161,000万元， 上年同期亏损180,352.95万元。 ...

（记者 曾健辉） 每经AI快讯，ST中装1月30日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润亏损29.8亿 元~33.8亿元。基本每股收益亏损1.68元~1.9元。上年同期归属于上市公司股东的净利润亏损约17.87亿 元。基本每股收益亏损1.05元。业绩变动主要原因是，2025年度，公司处于重整阶段，信用受损，无法 承接工程业务导致营业收入下降，同时公司需维持日常经营的固定支出及持续的财务费用压力，致使公 司经营利润出现亏损。根据会计准则并基于谨慎性原则，公司对应收款项、合同资产及长期股权投资等 相关资产计提了较大金额的信用减值损失和资产减值损失，对当期利润产生较大影响。2025年12月18 日，广东省深圳市中级人民法院作出（2025）粤03破652号之一《民事裁定书》，裁定确认《深圳市中 装建设集团股份有限公司重整计划》执行完毕，并终结公司重整程序。通过实施重整计划，公司以部分 现金、资本公积金转增的股票及信托受益权的组合方式完成债务清偿，并剥离非核心资产，该事项预计 确认大额债务重组损失，属于非经常性损益，将减少当期净利润。 每经头条（nbdtoutiao）——中国无人驾驶"军团"，"武装 ...

南财智讯1月30日电，ST中装发布2025年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 亏损29.80亿元—33.80亿元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为亏损 12.10亿元—16.10亿元。业绩变动原因说明：1、2025年度，公司处于重整阶段，信用受损，无法承接工 程业务导致营业收入下降，同时公司需维持日常经营的固定支出及持续的财务费用压力，致使公司经营 利润出现亏损；2、根据会计准则并基于谨慎性原则，公司对应收款项、合同资产及长期股权投资等相 关资产计提了较大金额的信用减值损失和资产减值损失，对当期利润产生较大影响；3、2025年12月18 日，广东省深圳市中级人民法院作出（2025）粤03破652号之一《民事裁定书》，裁定确认《深圳市中 装建设集团股份有限公司重整计划》执行完毕，并终结公司重整程序。通过实施重整计划，公司以部分 现金、资本公积金转增的股票及信托受益权的组合方式完成债务清偿，并剥离非核心资产，根据企业会 计准则的相关规定，该事项预计确认大额债务重组损失，属于非经常性损益，将减少当期净利润。 ...

一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日。 2、业绩预告情况：预计净利润为负值。 | 证券代码：002822 | 证券简称：ST | 中装 | 公告编号：2026-014 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转 | 2 | | 深圳市中装建设集团股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 | 项 | 目 | | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东 的净利润 | | 亏损：298,000 | 万元–338,000 | 万元 | 亏损：178,718.54 | 万元 | | 扣除非经常性损益后 的净利润 | | 亏损：121,000 | 万元–161,000 | 万元 | 亏损：180,352.95 | 万元 | | 基本每股收益 | | 亏损：1.68 | 元/股–1.90 | 元/股 | 亏损：1.05 | ...

受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我 2026年1月28日，上海久诚律师事务所股票索赔律师许峰代理的立方数科（300344）投资者索赔再向合 肥市中级人民法院提交一次立案，此前已多次提交立案，目前正在等待法院的下一步安排，律师团队还 在继续推进后续案件的立案工作，还在继续接受其他投资者的索赔委托。（许峰律师专栏） 2025年11月28日，立方数科公告于2025年11月28日收到证监会安徽监管局下发的《行政处罚及市场禁入 事先告知书》。根据《告知书》认定的事实，立方数科公司2021年、2022年、2023年年度报告存在虚假 记载，同时，2021、2022年虚假记载的营业收入金额合计达591，582，002.31元，且占该2年披露的年 度营业收入合计金额的50.91%；公司可能触及《深圳证券交易所创业板股票上市规则》规定的重大违 法强制退市情形，公司股票可能被实施重大违法强制退市。 许峰律师认为，综合以上违法事实，根据证券法规定，在2022年 ...