Zheng Quan Shi Bao·2026-01-13 13:05Group 1 - The company *ST WanFang (000638) announced that it expects to have an operating income of less than 300 million yuan in 2025, with both net profits before and after deducting non-recurring gains and losses being negative, which may lead to financial delisting scenarios [1][4] - The company received a qualified audit report from Zhongxing Caiguanghua Accounting Firm for its 2024 financial statements, indicating uncertainty regarding the recoverability of investments in Jilin WanFang Baiao Biotechnology Co., Ltd. [4] - The company is also facing the risk of being forced to delist due to significant legal violations, as it received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into information disclosure violations [4][6] Group 2 - In 2024, the company's total profit was 6.4225 million yuan, with a net profit attributable to shareholders of 10.6516 million yuan, and a net profit of -4.6013 million yuan after deducting non-recurring gains and losses. The operating income for 2024 was 391.4703 million yuan, with a net operating income of 227.5138 million yuan [6] - The company operates primarily in agriculture and military industries, utilizing local agricultural resources to acquire corn and rice, and providing precision processing and special welding manufacturing services for the aerospace, naval, and military sectors [5]