*ST熊猫：股票交易异常波动，前三季营收降25.86%

Core Viewpoint - The company *ST Panda announced abnormal stock price fluctuations, with a cumulative deviation exceeding 12% over three consecutive trading days, indicating potential volatility in the stock market [1] Financial Performance - For the period of January to September 2025, the company reported revenue of 155.42 million yuan, a year-on-year decrease of 25.86% [1] - The net profit for the same period was 13.56 million yuan, reflecting a year-on-year decline of 53.25% [1] Regulatory and Compliance Issues - The company received a non-standard opinion on its 2024 annual financial report and internal controls, leading to delisting and other risk warnings for its stock [1] - If the company does not meet the conditions for delisting removal in 2025, it will face termination of its stock listing [1] Shareholder Actions - A total of 2.6 million shares held by the shareholder Galaxy Bay International will be subject to judicial auction, with the outcome currently uncertain [1]