Sou Hu Cai Jing·2026-01-06 19:25Summary of Key Points Core Viewpoint - Jiangxi Mubang High-Tech Co., Ltd. faces significant financial challenges, including a negative net profit for 2024 and revenue below 300 million yuan, leading to a risk of delisting from the stock market starting May 6, 2025 [1][3]. Trading Information - On January 6, 2026, *ST Mubang (603398) closed at 9.06 yuan, up 4.38%, with a turnover rate of 3.62%, trading volume of 156,800 shares, and a transaction value of 141 million yuan [1]. - The net inflow of main funds was 4.87 million yuan, accounting for 3.46% of the total transaction value, while retail investors saw a net outflow of 4.60 million yuan, representing 3.27% of the total transaction value [1]. Company Announcements - The company announced that due to a negative net profit for 2024 and revenue below 300 million yuan, its stock will be subject to delisting risk warnings starting May 6, 2025 [1][3]. - The company is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, with no conclusive opinions available yet [1][3]. - For the period of January to September 2025, the company reported a net loss of 355.72 million yuan, and if financial indicators do not improve, the stock may be delisted [1][3].