Ge Long Hui A P P·2026-01-23 12:03Core Viewpoint - *ST Rock (600696.SH) is expected to report significant financial losses for the fiscal year 2025, with projections indicating negative net profits and revenues below 300 million yuan, which may lead to delisting from the Shanghai Stock Exchange due to financial criteria [1] Financial Projections - The company anticipates total operating revenue for 2025 to be between 48 million yuan and 60 million yuan [1] - The operating revenue, excluding unrelated business income and income without commercial substance, is projected to be between 45 million yuan and 57 million yuan [1] - The total profit is expected to range from -240 million yuan to -300 million yuan [1] - The net profit attributable to shareholders is forecasted to be between -180 million yuan and -250 million yuan [1] - The net profit attributable to shareholders, after deducting non-recurring gains and losses, is estimated to be between -130 million yuan and -180 million yuan [1] - The net assets attributable to shareholders are projected to be between 150 million yuan and 220 million yuan [1] Delisting Risk - The company is expected to report negative net profits for both the net profit before and after deducting non-recurring gains and losses for 2025 [1] - The operating revenue, after excluding unrelated business income and income without commercial substance, is anticipated to be below 300 million yuan [1] - According to the Shanghai Stock Exchange listing rules, the company’s stock may be terminated due to triggering financial delisting criteria [1]