Zhengping Road & Bridge (SH:603843)2026-03-03 15:00Financial Forecasts - The company expects a net asset range of -30 million to 90 million CNY by the end of 2025, indicating a significant risk of delisting due to negative net assets [2]. - The previous forecast estimated a net profit attributable to shareholders of -430 million to -340 million CNY for 2025, with total profit expected to be between -450 million and -360 million CNY [4]. - The projected operating revenue for 2025 is between 950 million and 1.35 billion CNY, with adjusted revenue (excluding non-core business) expected to be between 940 million and 1.34 billion CNY [4]. - The company has not made significant adjustments to its operating revenue, total profit, or net profit forecasts aside from the net asset changes [5]. - The audit work is still ongoing, and the current forecasts are based on preliminary audit progress, which may change [5]. Delisting Risks - The company faces a major delisting risk due to the possibility of receiving a non-standard audit opinion for the 2025 financial statements [3]. - The internal control audit report for 2024 received a negative opinion, and if the 2025 report also receives a negative opinion, it will trigger delisting risks [6]. - The company has been under risk warning since May 6, 2025, due to negative net profit and net asset concerns [2]. Communication and Apologies - The company has committed to improving communication with the auditing firm to enhance the accuracy and timeliness of performance forecasts [8]. - The company expresses sincere apologies to investors for the inconvenience caused by the performance forecast correction [8].