CRCH(SH:600636) Quan Jing Wang·2026-01-30 08:46Core Viewpoint - *ST Guohua (600636.SH) has announced a preliminary forecast for its 2025 annual performance, expecting revenue between 332 million and 357 million yuan, which exceeds the 300 million yuan threshold for delisting risk warning [1][2]. Group 1: Financial Performance - The company reported that its audited revenue for 2024 was 283 million yuan, triggering a delisting risk warning due to negative net profit and revenue below 300 million yuan [1]. - According to the revised Shanghai Stock Exchange rules, companies can remove the delisting risk warning if their revenue, after excluding unrelated and non-substantive income, meets or exceeds 300 million yuan [1][2]. Group 2: Regulatory Compliance - The company is expected to meet the core conditions for removing the delisting risk warning, provided that the audited revenue for 2025, after adjustments, remains above 300 million yuan [2]. - The company is required to disclose risk warning announcements every 10 trading days until the annual report is published, following the initial disclosure in January [2]. Group 3: Market Outlook - If the company successfully removes the delisting risk warning, its stock will return to a 10% price fluctuation limit, improving liquidity and valuation recovery potential [3]. - The company is positioned to benefit from policy support in smart education and advancements in AI+ education products, enhancing its competitive edge in the main business [3].