Flower King Eco-Engineering(SH:603007) Jing Ji Guan Cha Wang·2026-01-16 02:49Core Viewpoint - The company, Danyang Shunjing Intelligent Technology Co., Ltd. (formerly known as *ST Huawang), is facing significant financial challenges, with a projected net loss of 320 million to 430 million yuan for 2025, despite an expected revenue increase to 380 million to 430 million yuan, indicating a precarious financial situation and reliance on past aggressive expansions [1][3][5] Group 1: Financial Performance - The company anticipates a net profit loss of 1.8 billion to 2.4 billion yuan for 2025, with a further expected loss of 320 million to 430 million yuan when excluding non-recurring gains [3] - The projected revenue for 2025 is expected to reach between 380 million and 430 million yuan, surpassing the 300 million yuan delisting threshold [1][2] - The company has recorded a significant impairment loss of approximately 260 million yuan due to historical asset issues, particularly concerning receivables from past landscaping projects [3] Group 2: Corporate Actions and Strategy - To avoid delisting, the company has initiated dual self-rescue strategies: bankruptcy restructuring and cross-industry mergers, including acquiring a controlling stake in Anhui Niwei Automotive Power Systems Co., Ltd. [2] - The company has undergone a name change to Danyang Shunjing Intelligent Technology Co., Ltd. and expanded its business scope to include semiconductors and integrated circuits, although no substantial operational transformation has occurred [4] - The company has engaged an accounting firm to conduct a preliminary review regarding the potential elimination of financial delisting risks, but this assessment lacks legal validity [4] Group 3: Market Reaction and Future Outlook - The stock price of *ST Huawang has shown volatility, with a closing price of 6.25 yuan on January 15, followed by a drop to 5.99 yuan on January 16, reflecting market concerns over its financial health [1] - The company is at a critical juncture, with the annual report due on February 13, 2026, which will determine whether delisting procedures will be initiated [4][5] - The company’s historical reliance on mergers and restructuring has not addressed the core issue of a hollowed-out main business, raising doubts about its long-term viability in the market [5]