广东松发陶瓷股份有限公司关于公司股票可能被终止上市的风险提示公告

Core Viewpoint - Guangdong Songfa Ceramics Co., Ltd. is at risk of being delisted due to negative financial performance in 2024, with a warning issued by the Shanghai Stock Exchange on April 29, 2025, following the company's failure to meet specific financial criteria [2][3][4]. Group 1: Reasons for Potential Delisting - The company reported a negative profit total and net profit for 2024, with revenues from core business activities falling below 300 million yuan, triggering the delisting risk warning under the Shanghai Stock Exchange rules [2][3]. - The company must meet specific conditions to apply for the removal of the delisting risk warning, including the absence of negative financial indicators in the audited financial report for 2025 [3][4]. Group 2: Financial Performance and Projections - The company anticipates a turnaround in 2025, projecting a total profit of between 280 million yuan and 310 million yuan, with net profit expected to be between 240 million yuan and 270 million yuan [10][11]. - The expected revenue for 2025 is projected to be between 2 billion yuan and 2.2 billion yuan, with core business revenue exceeding 1.5 billion yuan [10][11]. Group 3: Business Transformation - The company has undergone a significant business transformation, shifting from traditional ceramics manufacturing to the high-growth shipbuilding industry, which is expected to enhance profitability and risk resilience [13][14]. - The acquisition of 100% equity in Hengli Heavy Industry is a key factor in the expected improvement in financial performance, as it brings advanced shipbuilding capabilities and a robust order book [13][14]. Group 4: Audit and Reporting Progress - The company is actively working on the preparation and audit of its 2025 annual report, with the audit process being conducted by Zhonghui Certified Public Accountants [24][25]. - The company plans to disclose the annual report by March 10, 2026, and will provide updates on the audit progress in the lead-up to this date [25].