*ST亚振：与子公司广西锆业需要相互进行整合 存在不确定性

Core Viewpoint - The company *ST Yazhen announced the need for integration between itself and its subsidiary Guangxi Zirconium Industry Technology Co., Ltd, highlighting uncertainties in achieving efficient integration and operational goals [1] Group 1 - The company is facing a risk of delisting as its stock has been under a delisting risk warning since May 6, 2025 [1] - If the company's audited net profit for 2025, after deducting non-recurring gains and losses, is negative, and its operating revenue, after excluding unrelated business income and income without commercial substance, is below 300 million yuan, it will face termination of listing risk [1]