Core Viewpoint - Shanghai Guijiu (ST Yanshi) is facing a mandatory delisting due to projected financial losses and insufficient revenue in 2025 [2][6] Financial Performance - The company expects to report less than 300 million yuan in revenue for the fiscal year 2025, with both net profit and profit before non-recurring items projected to be negative [2][6] - For the first three quarters of 2025, ST Yanshi achieved revenue of 34.76 million yuan and a net loss of approximately 112 million yuan [6] Management and Legal Issues - The actual controller of Shanghai Guijiu, Han Xiao, is linked to Han Hongwei, the actual controller of Haiyin Wealth, which faced a financial crisis due to illegal fundraising in December 2023 [7] - In April 2024, the Shanghai Stock Exchange found that the annual reports of Shanghai Guijiu from 2017 to 2020 contained false records, leading to public condemnation of the company and its actual controller [7] Market Activity - Despite the impending delisting, some investors continue to speculate on the stock, with a cumulative price deviation of 12% over three trading days as of January 12 [8] - Following the announcement of the delisting news, the stock quickly hit its daily limit down on January 13 [8] - The company has initiated aggressive discount sales through live-streaming, with previously high-end products now being sold at significantly reduced prices [8]
上海贵酒将被强制退市 近期股价居然逆势连涨
2 1 Shi Ji Jing Ji Bao Dao·2026-01-13 02:47