Vanfund(SZ:000638) Ge Long Hui·2026-01-30 11:31Core Viewpoint - *ST Wanfang (000638.SZ) is expected to report negative financial results for the fiscal year 2025, with significant declines in revenue and profits, potentially leading to delisting from the Shenzhen Stock Exchange due to financial criteria [1] Financial Projections - The company anticipates total revenue for 2025 to be between 200 million and 250 million yuan, with net revenue after deductions expected to range from 150 million to 200 million yuan [1] - Projected total profit is expected to be between -55 million and -40 million yuan, while net profit attributable to shareholders is forecasted to be between -50 million and -35 million yuan [1] - The net profit after excluding non-recurring gains and losses is expected to be between -22 million and -15 million yuan [1] Delisting Risk - The anticipated negative values for total profit, net profit attributable to shareholders, and net profit after excluding non-recurring items indicate that the company may face delisting due to breaching financial criteria set by the Shenzhen Stock Exchange [1]