棒杰股份：股票可能被实施退市风险警示

Core Viewpoint - The company, Bangjie Co., Ltd., has announced that it expects its net assets attributable to shareholders to be between -900.1551 million and -600.1551 million yuan by the end of 2025, which may trigger delisting risk warnings due to negative net assets as per the Shenzhen Stock Exchange regulations [1] Financial Performance - The company has provided a preliminary estimate indicating that its net assets will fall below zero, which is a violation of the Shenzhen Stock Exchange's listing rules [1] - The final audited results will be disclosed in the 2025 annual report, which is still under audit [1] Regulatory Implications - If the negative net asset situation is confirmed in the audited report, the company's stock will be subject to delisting risk warnings, indicated by the prefix "*ST" in its stock name [1] - The company has fulfilled its obligation to provide risk warnings as per regulatory requirements [1]