Vanfund(SZ:000638) Xin Lang Cai Jing·2026-01-27 08:38Core Viewpoint - The company *ST WanFang is facing delisting risk due to anticipated financial difficulties, including projected revenue below 300 million yuan for 2025 and negative net profits, which may lead to a financial termination of listing situation [1] Financial Performance - The company expects revenue for the fiscal year 2025 to be less than 300 million yuan [1] - Both the pre-tax and post-tax net profits are projected to be negative for 2025, potentially triggering financial delisting conditions [1] - The 2024 annual financial report has been issued with a qualified opinion, indicating ongoing uncertainties regarding the company's financial status [1] Regulatory Issues - The company is under investigation for suspected information disclosure violations, which could lead to mandatory delisting if significant legal violations are confirmed [1] - There is a possibility that the 2025 audit report may also receive a qualified opinion, further complicating the company's financial outlook [1]