Vanfund(SZ:000638) Xin Lang Cai Jing·2026-01-25 07:55Core Viewpoint - The company *ST WanFang announced that its stock price experienced an abnormal fluctuation, with a cumulative decline of 17.11% over three consecutive trading days from January 21 to January 23, 2026, but confirmed that there are no undisclosed significant impacts on its operations [1] Group 1 - The company verified that previously disclosed information does not require correction or supplementation, and no undisclosed significant information was found [1] - The operating environment remains unchanged, and there are no undisclosed matters that need to be reported [1] Group 2 - The company faces multiple delisting risks, with projected revenue for 2025 expected to be below 300 million and profits anticipated to be negative, which may trigger financial delisting [1] - The audit for 2024 has not resolved the reserved opinion issues, and the 2025 audit may still receive a reserved opinion [1] - The company is under investigation by the China Securities Regulatory Commission since July 2025, with the outcome pending, which may lead to mandatory delisting due to significant violations [1]