长江投资，恐被实施*ST！

Core Viewpoint - Changjiang Investment (600119) announced that its stock may face delisting risk warning from the Shanghai Stock Exchange due to expected significant losses in 2025 [1][2] Financial Projections - The company anticipates a total profit of between -30 million and -20 million yuan for the year 2025 [1][2] - Expected net profit attributable to shareholders for 2025 is projected to be between -45 million and -30 million yuan [1][2] - The projected net profit after deducting non-recurring gains and losses is estimated to be between -48 million and -33 million yuan [1][2] - Estimated operating revenue for 2025 is expected to be between 180 million and 220 million yuan, with revenue from core business activities projected to be between 179 million and 219 million yuan [1][2] Delisting Risk Conditions - If the audited total profit, net profit, or net profit after deducting non-recurring gains and losses is negative and operating revenue is below 300 million yuan, the company may face delisting risk warning after the 2025 annual report is disclosed [1][2] Reasons for Expected Losses - The company attributes the anticipated losses to intensified market competition, which has led to a decline in revenue from its international freight forwarding and automotive logistics businesses, failing to cover daily operational expenses [1][2]