A-Zenith(SH:603389) Xin Lang Cai Jing·2025-12-12 09:29Core Viewpoint - *ST Yazhen announced that its stock experienced an abnormal fluctuation with a cumulative decline of 12% over three consecutive trading days from December 10 to December 12, 2025 [1] Financial Performance - In the first three quarters of 2025, the company reported revenue of 158.34 million yuan and a net loss of 31.41 million yuan [1] - The company’s stock has been under delisting risk warning since May 6, 2025, and faces potential delisting if the audited net profit excluding non-recurring gains and losses for 2025 is negative and revenue is below 300 million yuan [1] Acquisition and Integration - The company completed the acquisition of a 51% stake in Guangxi Zirconium Industry in August 2025, but the integration effects and profitability remain uncertain [1]