Shanghai Guijiu (SH:600696) Xin Lang Cai Jing·2026-02-04 10:53Core Viewpoint - The company *ST Rock has experienced significant stock price volatility, with a continuous limit-up in 2026 and a closing price increase of 4.57% for the month. However, it anticipates a decline in operating revenue for 2025, with both net profits before and after non-recurring items expected to be negative. The company faces potential delisting due to unresolved issues in its 2024 financial audit report, and its controlling shareholder's shares have been judicially frozen, with the actual controller facing criminal measures [1]. Financial Performance - The company expects its operating revenue for 2025 to be below 100 million [1] - Both net profits before and after non-recurring items for 2025 are projected to be negative [1] Audit and Compliance Issues - The 2024 financial audit report contains non-standard opinions that have not been resolved [1] - If the issues are not proven to be resolved, the 2025 financial report will receive a non-unqualified opinion, leading to potential delisting due to financial criteria [1] Shareholder and Management Situation - The controlling shareholder and their concerted parties hold a total of 217 million shares, accounting for 64.80% of the total share capital, which have all been judicially frozen [1] - The actual controller, Han Xiao, has been subjected to criminal coercive measures [1]