Core Viewpoint - Zhuhai Huijin Technology Co., Ltd. (the "Company") is at risk of being delisted due to negative financial performance, as indicated in their announcements regarding potential termination of stock listing [2][3]. Financial Performance - The Company reported negative values for total profit, net profit, and net profit after deducting non-recurring gains and losses for the year 2024, with operating revenue below 100 million yuan [2]. - For the year 2025, the Company anticipates that the lowest of total profit, net profit, and net profit after deducting non-recurring gains and losses will also be negative, with projected operating revenue between 104.6 million and 116.6 million yuan [3]. Regulatory Compliance - The Company is required to disclose risk warnings regarding potential delisting within one month after the end of the fiscal year in which the delisting risk warning was implemented, and subsequently every ten trading days until the annual report is disclosed [3]. Legal and Compensation Aspects - Investors may seek compensation for losses incurred due to the Company's violations of information disclosure laws, as per the Securities Law and relevant judicial interpretations [6][9]. - The conditions for claiming compensation include purchasing the Company's stock between January 24, 2025, and March 28, 2025, and selling or holding the stock after March 29, 2025 [7]. Legal Team Background - The legal team led by lawyer Xie Baoping has successfully assisted numerous investors in recovering funds from over 100 stocks, with several cases recognized as exemplary by the courts [10].

Group 1 - The company has postponed the disclosure date of its 2025 annual report to April 10, 2026, to enhance the quality of the report and ensure accurate information disclosure [2] - The delay in the annual report has raised questions among investors regarding potential significant disagreements with auditors [2]

珠海汇金科技股份有限公司公告（2026） 证券代码：300561 证券简称：*ST 汇科 公告编号：2026-008 珠海汇金科技股份有限公司 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 1、珠海汇金科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日 在巨潮资讯网披露了《关于公司股票被实施退市风险警示、其他风险警示暨股票 停复牌的公告》（公告编号：2025-033），公司 2024 年经审计的利润总额、净 利润、扣除非经常性损益后的净利润均为负值，且扣除后的营业收入低于 1 亿元， 触及《深圳证券交易所创业板股票上市规则》（以下简称《创业板股票上市规则》） 第 10.3.1 条第（一）项规定，公司股票于 2025 年 4 月 24 日开市起被实施退市 风险警示。若公司 2025 年度出现《创业板股票上市规则》第 10.3.11 条规定的 情形，公司股票存在被终止上市的风险，敬请广大投资者充分注意上述终止上市 风险，并注意投资风险。 2、根据《创业板股票上市规则》第 10.3.5 ...

Core Viewpoint - *ST Huike (300561.SZ) acquired 51% stake in Nanjing Yizheng Tong for 29.07 million yuan, leading to an annual revenue of 106 to 118 million yuan, surpassing the 100 million yuan threshold for the ChiNext board, but faced a 20% stock price drop the day after the earnings forecast was released, with a cumulative decline of 36.25% over seven trading days due to market concerns about the acquisition target's net loss of 2.52 million yuan in the first half of the year and its ability to sustain revenue growth [1] Summary by Sections - Acquisition Details - *ST Huike acquired 51% of Nanjing Yizheng Tong for 29.07 million yuan [1] - The acquisition resulted in an annual revenue of 106 to 118 million yuan [1] - This revenue allowed the company to cross the 100 million yuan revenue threshold for the ChiNext board [1] - Market Reaction - Following the earnings forecast announcement, the stock price dropped by 20% on January 29 [1] - Over the next seven trading days, the cumulative decline reached 36.25% [1] - Financial Concerns - The market expressed doubts regarding the sustainability of revenue due to the acquisition target's net loss of 2.52 million yuan in the first half of the year [1]

Core Viewpoint - The A-share market is experiencing a critical phase where companies are engaging in various actions to avoid delisting due to financial indicators, particularly focusing on achieving revenue above 300 million yuan or turning losses into profits, as well as correcting negative net assets [1][2]. Group 1: Financial Indicators and Delisting Risks - The new "National Nine Articles" implemented in January 2025 raised the revenue threshold for delisting from 100 million yuan to 300 million yuan, allowing companies that can exceed this revenue to avoid delisting risks [5]. - Companies like *ST Jinglun and *ST Dongjing are attempting to cross the delisting threshold through various strategies, including revenue boosts, mergers, and asset disposals [2][6]. Group 2: Company Strategies for Survival - *ST Jinglun is trying to incorporate new business lines into its main revenue streams, but faced challenges with revenue recognition for its new server business, leading to a significant reduction in reported revenue [7][8]. - *ST Dongjing reported an expected revenue increase to between 340 million and 370 million yuan, aided by new business ventures, although it still anticipates losses [9][10]. Group 3: Mergers and Acquisitions - Mergers and acquisitions are being utilized by companies like *ST Huazhong and *ST Huike to surpass financial thresholds, with *ST Huazhong projecting a turnaround in profitability due to its acquisition of a controlling stake in Zhejiang Zhuangchen [12][13]. - *ST Huike's acquisition of a 51% stake in Nanjing Yizhengtong is also noted as a strategy to meet revenue requirements, despite market skepticism regarding its financial health [13]. Group 4: Asset Restructuring and Debt Relief - Several companies are opting for asset disposals to improve their financial standings, with *ST Zhongdi successfully turning its net assets positive through significant asset restructuring [16][17]. - Companies like *ST Nanzhi and *ST Lvkang have also engaged in asset sales to achieve similar outcomes, with *ST Nanzhi transferring real estate assets to improve its equity position [17]. Group 5: Bankruptcy and Debt Waivers - Bankruptcy restructuring has emerged as a key strategy for survival, with companies like *ST Dongyi successfully completing their restructuring plans and improving their financial positions [18]. - Debt waivers from major shareholders or creditors have been reported by several companies, allowing them to quickly enhance their net asset status [18].

Core Viewpoint - The A-share market is witnessing a critical "survival race" as companies face delisting risks due to financial indicators set by the new "National Nine Articles," which include negative profit totals, net profits, and insufficient revenue [2][4]. Group 1: Companies Facing Delisting Risks - *ST Jinglun is experiencing a severe decline, with nine consecutive trading days of limit-down, and a significant drop in trading volume to less than 5 million yuan, as it faces delisting expectations [2]. - Other companies like *ST Dongjing and *ST Huarong are attempting various strategies such as asset restructuring and debt waivers to avoid delisting, focusing on key financial indicators like revenue exceeding 300 million yuan or turning net assets positive [2][4]. Group 2: Financial Performance and Strategies - The new regulations increased the revenue threshold for delisting from 100 million yuan to 300 million yuan, prompting companies to strive for this new target to avoid delisting risks [4]. - *ST Jinglun is attempting to incorporate new business lines into its main revenue stream, while *ST Dongjing is projecting a revenue increase to between 340 million and 370 million yuan, surpassing the 300 million yuan threshold [6][8]. Group 3: Specific Company Actions - *ST Jinglun's revenue forecast for 2025 is approximately 338 million yuan, but after excluding non-core business income, the adjusted revenue is only about 86.22 million yuan, indicating a failure to turn a profit [6][7]. - *ST Huarong expects to achieve a net profit of between 6.5 million and 8 million yuan for 2025, aided by a 30% increase in revenue from its subsidiary, which it acquired a larger stake in [10]. Group 4: Market Reactions and Future Outlook - The market is closely monitoring companies that have narrowly met the revenue thresholds, with concerns about the sustainability of these figures and the potential for revenue adjustments post-audit [11][12]. - Companies are increasingly resorting to mergers and acquisitions as a strategy to enhance their financial performance and meet the new revenue requirements [10][15].

Group 1 - The company *ST Huike (维权) has announced a change in the scheduled disclosure date for its 2025 annual report from February 11, 2026, to April 10, 2026, to enhance the quality and accuracy of its financial reporting [1] - The company is actively advancing the preparation and auditing of the annual report [1]

Core Viewpoint - *ST Huike (300561.SZ) has postponed the scheduled disclosure of its 2025 Annual Report from February 11, 2026, to April 10, 2026, to enhance the quality and accuracy of its periodic reporting [1] Group 1 - The company has applied to the Shenzhen Stock Exchange for the change in the disclosure date of the 2025 Annual Report [1] - The company is committed to actively advancing the preparation and auditing of the annual report [1]

珠海汇金科技股份有限公司公告（2026） 敬请广大投资者注意公司《2025 年年度报告》预约披露时间的变更，公司 对本次变更定期报告预约披露时间给广大投资者带来的不便深表歉意，敬请谅解。 《中国证券报》《上海证券报》《证券时报》《证券日报》及巨潮资讯网 （www.cninfo.com.cn）为公司选定的信息披露媒体，公司所有信息均以在上述 指定媒体刊登的信息为准，请广大投资者理性投资，注意风险。 特此公告。 珠海汇金科技股份有限公司 董 事 会 证券代码：300561 证券简称：*ST 汇科 公告编号：2026-007 珠海汇金科技股份有限公司 关于变更2025年年度报告预约披露时间的公告 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。 珠海汇金科技股份有限公司（以下简称"公司"）原定于2026年2月11日披 露《2025年年度报告》，为进一步完善年报相关工作，确保公司定期报告的质量 和信息披露的准确性，经向深圳证券交易所申请，公司《2025年年度报告》的预 约披露时间变更为2026年4月10日。公司将继续积极推进年报编制及审计工作。 2026 年 2 月 4 ...

珠海汇金科技股份有限公司公告（2026） 证券代码：300561 证券简称：*ST 汇科 公告编号：2026-006 珠海汇金科技股份有限公司公告（2026） 珠海汇金科技股份有限公司 关于公司股票交易被实施其他风险警示相关事项的进展公告 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。 二、解决措施及进展情况 1、持续加强内部控制建设，提高风险防范水平。健全内部控制体系建设， 优化财务报告等相关制度流程的设计，确保内部控制制度健全、有效；强化对重 要业务活动的内部控制监督检查，加强内部审计部门的审计监督职能，提高审计 监督的广度和深度，及时发现并纠正内部控制缺陷，确保内部控制制度有效执行。 特别提示： 珠海汇金科技股份有限公司（以下简称"公司"）2024 年经审计的利润总 额、净利润、扣除非经常性损益后的净利润均为负值，且扣除后的营业收入低于 1 亿元，根据《深圳证券交易所创业板股票上市规则》第 10.3.1 条第（一）项 规定，公司股票交易自 2025 年 4 月 24 日起被深圳证券交易所实施退市风险警示。 公司 2024 年度内部控制审计报告被出具了否定 ...