ST华鹏：股票可能被实施退市风险警示

Core Viewpoint - ST Huapeng (603021.SH) is projected to have a negative net asset value ranging from -208 million to -139 million yuan by the end of 2025, which may trigger a delisting risk warning according to the stock listing rules [1] Financial Summary - The company anticipates a year-end net asset value of -208 million to -139 million yuan for the fiscal year 2025 [1] - This negative net asset situation will be in violation of the stock listing rule 9.3.2, which states that a company will face delisting risk if its audited net assets are negative [1]