*ST沐邦：股价涨幅大，重整及业绩等存多重风险

Core Viewpoint - The company's stock has increased by 23.27% since December 18, 2025, with three consecutive trading days of limit-up, despite unchanged production and operations, indicating a disconnection from the fundamentals [1] Financial Performance - For the period of January to September 2025, the company reported revenue of 226.82 million yuan and a net loss of 355.72 million yuan [1] - If the annual revenue for 2025 falls below 300 million yuan and profits remain negative, the company will face delisting after the annual report is disclosed [1] Legal and Regulatory Issues - The company and its actual controller, Liao Zhiyuan, are under investigation, with the outcome currently unknown [1] - The announcement of a pre-restructuring does not imply that the company has entered a restructuring process, and the acceptance and success of such a process remain uncertain [1]