*ST花王2025年依旧巨亏 自称退市风险警示情形已消除

Core Viewpoint - *ST Huawang (603007) is facing a high risk of delisting, having disclosed its 2025 performance forecast indicating a projected net loss of between 240 million to 180 million yuan, and a projected operating income of 380 million to 430 million yuan [1][2] Financial Performance Summary - For 2025, the company expects a net profit of -240 million to -180 million yuan and a non-recurring net profit of -430 million to -320 million yuan [1] - The anticipated operating income for 2025 is between 380 million to 430 million yuan, with core operating income (excluding unrelated business income) projected at 360 million to 410 million yuan [1] - In 2024, *ST Huawang reported a net loss of 813 million yuan and a non-recurring net profit of -364 million yuan, with operating income of 91.64 million yuan [1] Reasons for Performance Changes - The significant increase in revenue for 2025 is attributed to the acquisition of Anhui Niwei Automotive Power System Co., Ltd., which was completed in August 2025, leading to its financial results being consolidated from September 2025 [2] - The company has conducted a comprehensive review of its assets and expects to recognize asset impairment losses and credit impairment losses of approximately 260 million yuan, primarily affecting accounts receivable, fixed assets, and other non-current assets [2] Audit and Compliance - The performance forecast is based on preliminary calculations by the company's financial department and has not yet been audited by a registered accounting firm [2] - The auditing firm has indicated that, as of the date of their special report, they have not identified any significant issues that would undermine the accuracy of the performance forecast [2] Delisting Risk and Conditions - If the company meets the conditions for the removal of the delisting risk warning, it can apply to the Shanghai Stock Exchange for the removal; otherwise, it faces the risk of being terminated from listing [3]