Sou Hu Cai Jing·2025-12-22 19:47Summary of Key Points Core Viewpoint - ST Er Ya (600107) has experienced significant stock price fluctuations, raising concerns about its financial stability and potential delisting risks due to ongoing losses and regulatory investigations [2][3]. Trading Information - As of December 22, 2025, ST Er Ya closed at 7.1 yuan, up 5.03%, with a turnover rate of 2.54% and a trading volume of 91,500 shares, amounting to a total transaction value of 64.74 million yuan [1]. - On the same day, the net inflow of main funds was 1.139 million yuan, accounting for 1.76% of the total transaction value, while retail investors saw a net outflow of 1.1152 million yuan, representing 1.72% of the total [1][3]. Stock Performance and Regulatory Issues - ST Er Ya was listed on the "Dragon and Tiger List" due to a cumulative price deviation of over 12% for three consecutive trading days, marking its first appearance on the list in the last five trading days [2][3]. - The company reported a net profit of -35.68 million yuan for the first three quarters of 2025, and if the annual revenue falls below 300 million yuan and continues to incur losses, it will face financial delisting risk warnings [2][3]. - The company's internal control audit report received a negative opinion, and if the 2025 internal control report also receives a negative opinion, it will trigger regulatory delisting risk warnings [2].