YSDZ(SZ:002289) Ju Chao Zi Xun·2025-05-16 08:53Group 1 - The company *ST Yushun has announced a risk of being delisted due to a net loss of 17.57 million yuan for the fiscal year 2024, with a net loss of 21.43 million yuan after excluding non-recurring gains and losses [2] - The company's operating revenue for 2024 was 220 million yuan, which is below the 300 million yuan threshold, triggering delisting risk warnings effective from May 6, 2025 [2] - The company is planning to acquire 100% equity of three companies, including Zhong'en Cloud (Beijing) Data Technology Co., Ltd., which may constitute a major asset restructuring, but the transaction is still in the planning stage and faces approval risks [2] Group 2 - As of the end of Q1 2025, the company had a cash balance of 14.50 million yuan and total liabilities of 155 million yuan, indicating potential negative impacts on operational performance if sufficient transaction funds cannot be raised [2] - The company’s customer concentration is high, and any changes in demand from key customers or difficulties in acquiring new clients could adversely affect its performance [2] - As of May 15, 2025, the company's price-to-book ratio was 16.07 times, significantly deviating from the industry average price-to-earnings ratio of 37.99 times and price-to-book ratio of 3.22 times for comparable listed companies in the manufacturing sector [3]