经济观察网根据最新公开信息，ST天喻(300205)有以下值得关注的事件： 公司结构与治理 控股股东武汉同喻投资合伙企业破产清算申请被法院驳回，不影响公司日常经营。 股票近期走势 公司因2024年度财务报表被出具无法表示意见的审计报告，股票自2025年4月30日起被实施退市风险警 示。若2025年度报告出现《深圳证券交易所创业板股票上市规则》第10.3.11条规定的情形(如净利润或 净资产为负、审计报告被出具否定意见等)，公司股票可能被终止上市。公司已于2026年2月12日发布第 二次风险提示公告。 公司状况 由于2024年度内部控制被出具否定意见的审计报告，且此前因违规担保实施的其他风险警示尚未撤销， 公司股票自2025年4月30日起被叠加实施其他风险警示。深交所是否同意撤销相关警示仍需关注后续进 展。 公司于2025年12月29日召开临时股东大会，通过了变更会计师事务所、取消监事会等议案。 2025年12月30日，公司收到债权转让款4,443.91万元，涉及红茶世家和锦瑞通债权。 以上内容基于公开资料整理，不构成投资建议。 ...

武汉天喻信息产业股份有限公司 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。 特别提示： 证券代码：300205 证券简称：*ST天喻 公告编号：2026-005 1.武汉天喻信息产业股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了《关于股票交易被实施退市风险警示并叠加实施其他风险警示及股票停 牌的公告》（公告编号：2025-021），公司股票自 2025 年 4 月 30 日开市起被实 施退市风险警示并叠加实施其他风险警示。若公司 2025 年度出现《深圳证券交 易所创业板股票上市规则》（以下简称"《上市规则》"）第 10.3.11 条规定的 情形，公司股票存在被终止上市的风险。 2.根据《上市规则》第 10.3.5 条的相关规定，公司披露股票可能被终止上 市的第二次风险提示公告。敬请投资者注意投资风险。 3.截至本公告披露日，公司可能触及的财务类终止上市情形如下表所示： | 具体情形 | 是否适用 （对可能触及的打勾） | | --- | --- | | 经审计的利润总额、净利润、扣除 ...

Core Viewpoint - *ST Tianyu (300205.SZ) is expected to report a loss of between 275 million to 550 million yuan for 2025, with a non-recurring loss of 287 million to 359 million yuan, and operating revenue projected between 160 million to 173 million yuan [1] Financial Performance - The company continues to experience net profit losses attributable to shareholders, primarily due to being on the U.S. SDN sanctions list and facing delisting risk warnings [1] - Significant declines in product sales and revenue have been reported, leading to increased asset impairment losses year-on-year [1] Legal and Operational Challenges - Major litigation has resulted in increased provisions for expected liabilities [1] - The company has recognized asset impairment losses related to its liquidated subsidiary, Shenzhen Changyu Investment Partnership (Limited Partnership) [1]

Core Viewpoint - Company *ST Tianyu (300205)* expects to report a revenue of between 160 million to 173 million yuan for the year 2025, with a projected net loss attributable to shareholders ranging from 275 million to 550 million yuan, compared to a loss of 364 million yuan in the same period last year [3]. Financial Performance - The company anticipates a non-recurring loss for 2025 between -191 million to 12 million yuan, primarily due to uncertainties related to significant litigation matters affecting performance [14]. - The projected net profit loss for 2025 is expected to be between -287 million to -359 million yuan, compared to a loss of 297 million yuan in the previous year [3]. Business Impact Factors - The company's performance is significantly impacted by its continued presence on the U.S. SDN sanctions list, which has led to a substantial decline in product sales and revenue [13]. - The company has also faced increased asset impairment losses and provisions for liabilities due to major litigation, as well as asset impairment losses related to its subsidiary, Shenzhen Changyu Investment Partnership [13]. Valuation Metrics - As of the latest closing price, the company's price-to-book ratio (P/B) is approximately 1.93 times, and the price-to-sales ratio (P/S) is about 11.42 times [3]. - The company’s historical price-to-earnings ratio (P/E) is not applicable due to the expected losses, making P/B and P/S more relevant for valuation [15][17].

武汉天喻信息产业股份有限公司 关于股票交易被叠加实施其他风险警示的进展公告 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。 一、公司股票交易被叠加实施其他风险警示的原因 武汉天喻信息产业股份有限公司（以下简称"公司"）2024 年度内部控制被 出具了否定意见的审计报告，根据《深圳证券交易所创业板股票上市规则》第 9.4 条第（四）项的规定，公司股票交易触及被实施其他风险警示的情形。鉴于 深圳证券交易所尚未同意公司撤销前次因违规担保而实施的其他风险警示，公司 股票交易自 2025 年 4 月 30 日开市起被叠加实施其他风险警示。 证券代码：300205 证券简称：*ST天喻 公告编号：2026-004 三、风险提示 公司因 2024 年度财务报表被出具了无法表示意见的审计报告，根据《深圳 证券交易所创业板股票上市规则》第 10.3.1 条第（三）项的规定，公司股票交 易自 2025 年 4 月 30 日开市起被实施退市风险警示。 1 如公司在实际触及退市风险警示情形相应年度的次一年度，出现《深圳证券 交易所创业板股票上市规则》第 10.3.11 条规定的情形之 ...

Financial Performance Expectations - The company expects a net profit loss ranging from CNY -27,500 million to -55,000 million for the fiscal year 2025, compared to a loss of CNY -36,633.49 million in the previous year [4]. - Total revenue is projected to be between CNY 16,000 million and 17,300 million, significantly down from CNY 84,681.22 million in the same period last year [4]. - The company anticipates non-recurring losses between CNY -28,700 million and -35,900 million, compared to a loss of CNY -29,672.38 million in the previous year [4]. - The company's equity attributable to shareholders is expected to be between CNY 55,000 million and 82,500 million, down from CNY 110,707.55 million at the end of the previous year [4]. Reasons for Financial Decline - The primary reasons for the continued losses include sanctions from the U.S. SDN list, which have severely impacted business operations and led to a significant decline in product sales and revenue [6]. - The company has increased its asset impairment losses due to ongoing litigation and the liquidation of its subsidiary, Changyu Investment [6]. - The estimated range for non-recurring gains and losses for 2025 is between CNY -19,100 million and 1,200 million, reflecting uncertainties related to major litigation [6]. Regulatory and Compliance Issues - The company’s stock has been placed under delisting risk warning due to an inability to express an opinion on the 2024 financial statements, effective from April 30, 2025 [7]. - The company will continue to monitor the situation regarding its subsidiary and fulfill its disclosure obligations [8]. - The financial data presented is a preliminary estimate and will be detailed in the 2025 annual report [8].

证券代码：300205 证券简称：*ST天喻 公告编号：2026-003 武汉天喻信息产业股份有限公司 关于公司股票可能被终止上市的首次风险提示公告 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。 特别提示： 1.武汉天喻信息产业股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了《关于股票交易被实施退市风险警示并叠加实施其他风险警示及股票停 牌的公告》（公告编号：2025-021），公司股票自 2025 年 4 月 30 日开市起被实 施退市风险警示并叠加实施其他风险警示。若公司 2025 年度出现《深圳证券交 易所创业板股票上市规则》（以下简称"《上市规则》"）第 10.3.11 条规定的 情形，公司股票存在被终止上市的风险。 2.根据《上市规则》第 10.3.5 条的相关规定，公司披露股票可能被终止上 市的首次风险提示公告。敬请投资者注意投资风险。 3.截至本公告披露日，公司可能触及的财务类终止上市情形如下表所示： | 具体情形 | 是否适用 （对可能触及的打勾） | | --- | --- | | 经审计的利润总额、净利润、扣除非经 ...

因民间借贷纠纷，原告成都慧友伟贸易有限公司向四川省成都市中级人民法 院（以下简称"成都中院"）提起诉讼，请求判令被告武汉天喻信息产业股份有 限公司（以下简称"公司"）、深圳市深创智能集团有限公司、闫春雨、沈进长 偿还借款本金 2.13 亿元（因原告撤回部分诉讼请求，本金由 2.76 亿元调整为 2.13 亿元）及相应期间的资金占用利息等。具体内容详见公司于 2024 年 9 月 9 日在巨潮资讯网披露的《关于重大诉讼及部分银行账户资金冻结的公告》（公告 编号：2024-064）。 成都中院判决公司及其他被告应向原告返还借款本金及相应期间的利息，同 时由公司及其他被告承担律师费等。具体判决内容详见公司于 2025 年 11 月 10 日在巨潮资讯网披露的《关于重大诉讼的进展公告》（公告编号：2025-077）。 二、诉讼案件的进展情况 证券代码：300205 证券简称：*ST天喻 公告编号：2026-001 武汉天喻信息产业股份有限公司 关于重大诉讼的进展公告 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。 一、诉讼案件的基本情况 公司因不服成都中院作出的民事判 ...

Core Insights - The People's Bank of China has introduced a new action plan to enhance the management and service system for digital currency, with a new digital RMB framework set to launch on January 1, 2026 [1][2] - As of November 2025, the digital RMB has processed 3.48 billion transactions, amounting to 16.7 trillion yuan, with 230 million personal wallets opened through the digital RMB app [1] - The digital RMB is evolving into a strategic tool that integrates finance, technology, and data, enhancing trade efficiency and national competitiveness [3] Group 1: Digital Currency Developments - The digital RMB's management system and infrastructure will officially start in 2026, indicating a significant step in China's digital currency evolution [1] - The digital RMB has seen substantial adoption, with 3.48 billion transactions and a total transaction value of 16.7 trillion yuan by late 2025 [1] - The digital RMB app has facilitated the opening of 230 million personal wallets, showcasing its growing user base [1] Group 2: Challenges and Opportunities - The article outlines four key challenges faced by central banks regarding digital currency: modern payment tools' impact on monetary control, risks of financial disintermediation, the relationship between digital cash and commercial banks, and the balance between centralized management and decentralized blockchain features [2] - The Chinese government is exploring international cooperation in digital finance, particularly through the mBridge project for cross-border payments with countries like Thailand and the UAE [2] - Predictions suggest that by 2030, the global cross-border payment market could reach $290 trillion, with the RMB's share potentially between 10% and 20%, and digital currency penetration between 20% and 40% [2] Group 3: Blockchain and Industry Growth - As of December 25, 2025, China has registered 74,600 blockchain-related companies, marking a record high in the past five years, with the majority located in South China [3] - The number of existing blockchain companies in China has steadily increased over the past decade, with a notable acceleration in growth since 2019, totaling 289,400 companies by late 2025 [3] - The development of digital RMB is seen as a strategic asset that leverages blockchain technology to enhance trade efficiency and align with national interests [3]

证券代码：300205 证券简称：*ST天喻 公告编号：2025-097 武汉天喻信息产业股份有限公司 关于股票交易被叠加实施其他风险警示的进展公告 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。 一、公司股票交易被叠加实施其他风险警示的原因 具体情况详见公司于 2025 年 4 月 29 日在巨潮资讯网披露的《关于股票交易 被实施退市风险警示并叠加实施其他风险警示及股票停牌的公告》。 二、进展情况 1、首次被实施的其他风险警示进展：因违规担保情形已消除，公司已于 2024 年 4 月 29 日向深圳证券交易所申请撤销因违规担保而被实施的其他风险警示。 截至本公告披露日，前述申请尚未获得深圳证券交易所同意。 如公司在实际触及退市风险警示情形相应年度的次一年度，出现《深圳证券 交易所创业板股票上市规则》第 10.3.11 条规定的十种情形之一的，深圳证券交 2、被叠加实施的其他风险警示进展：针对公司 2024 年度内部控制被出具否 定意见的审计报告所涉事项，公司及公司董事会高度重视，正在采取相应措施持 续加强内部控制体系建设和审计监督，争取尽快消除相关事项对公司 ...