*ST沪科：股票交易异常波动

Core Viewpoint - *ST HuKe's stock has experienced abnormal trading fluctuations, with a cumulative price increase of 12% over three consecutive trading days, indicating potential risks of delisting due to insufficient revenue and profit levels [1] Financial Performance - For the first three quarters of 2025, the company reported operating revenue of 5.4403 million yuan [1] - The company faces delisting risks if its annual profit, net profit, or net profit after excluding non-recurring gains and losses is negative and if its operating revenue is below 300 million yuan [1] Shareholder and Ownership Issues - The original controlling shareholder, Nanjing Siweit Group, has unresolved historical fund occupation issues with the company [1] - A share transfer agreement with Kunming Dianyuyou Investment Holding Co., Ltd. has not been completed due to share freezing, with parties actively negotiating to unfreeze the shares [1] - Shares held by the controlling shareholder and shareholders with over 5% ownership are subject to pledges, markings, and freezes [1] Supplier and Debt Recovery - The company's main supplier, Hong Kong Petrochemical, is undergoing compulsory liquidation, with an estimated debt recovery rate of approximately 10.1% [1] - The company has received 5.5% of the repayment amount, and there is a possibility of further provisioning for bad debts [1] Disclosure and Reporting - The board of directors confirmed that there are no other undisclosed significant matters related to the company, and there have been no recent media reports or market rumors significantly impacting the company's stock price [1]