丛麟科技限售股解禁与业绩预告引关注

Core Viewpoint - The company 丛麟科技 (688370) is facing significant challenges, including a large-scale lock-up share release, a substantial decline in profit forecasts, and delays in project timelines [1]. Group 1: Stock Recent Trends - Approximately 93.36 million shares will be unlocked and available for trading on February 25, 2026, representing 68.09% of the company's total share capital. This event may impact stock liquidity [2]. Group 2: Performance and Operating Conditions - The company announced on January 30, 2026, that it expects a net profit attributable to shareholders for 2025 to be between 17 million and 24 million yuan, reflecting a significant year-on-year decline of 73.34% to 81.12%. The net profit, excluding non-recurring gains and losses, is projected to be a loss of 6 million to 12 million yuan. The performance decline is primarily due to oversupply in the hazardous waste treatment industry, falling disposal prices, and decreasing gross margins. Attention is needed on the disclosure timing of the formally audited annual report [3]. Group 3: Project Progress - The company announced that the timeline for the "Shanghai Lingang Industrial Waste Resource Utilization and Disposal Demonstration Base Remanufacturing Capacity Upgrade Project" has been extended from February 2026 to February 2028 to better align with market demand. This delay may affect long-term capacity planning [4].