Sou Hu Cai Jing·2025-11-01 21:28Core Viewpoint - *ST Muban's stock has experienced significant volatility, with a recent decline in share price and ongoing financial challenges, including a negative net profit and revenue drop, raising concerns about its future listing status [1][4][6]. Trading Information Summary - As of October 31, 2025, *ST Muban's stock closed at 7.71 yuan, down 4.1% from the previous week [1]. - The stock reached a high of 7.95 yuan and a low of 6.97 yuan during the week [1]. - The total market capitalization is 3.343 billion yuan, ranking 58th out of 64 in the photovoltaic equipment sector and 4312th out of 5163 in the A-share market [1]. Shareholder Changes Summary - As of September 30, 2025, the number of shareholders increased to 27,200, reflecting an 8.85% rise since September 19, 2025 [2]. - The average number of shares held per shareholder decreased from 17,400 to 16,000 shares, with an average holding value of 142,900 yuan [2]. Performance Disclosure Summary - For the first three quarters of 2025, *ST Muban reported a main revenue of 227 million yuan, a year-on-year decrease of 9.48% [3]. - The net profit attributable to shareholders was -356 million yuan, down 15.31% year-on-year [3]. - The third quarter alone saw a revenue of 85.88 million yuan, a significant increase of 128.93% year-on-year, but the net profit was -143 million yuan, a decline of 57.67% [3]. - The company reported a debt ratio of 82.22% and financial expenses of 57.98 million yuan, with a gross margin of -58.77% [3]. Company Announcement Summary - The stock has been flagged for abnormal volatility due to a cumulative price drop exceeding 12% over three consecutive trading days [4]. - The company stated that its production and operations are normal and not significantly affected by media reports [4]. - *ST Muban is under delisting risk warning due to negative net profit and revenue concerns, with potential delisting if certain financial thresholds are not met in 2025 [4]. - The company and its actual controller are under investigation by the China Securities Regulatory Commission for alleged financial data misrepresentation [4].