FLDT(SH:600228) Shang Hai Zheng Quan Bao·2026-02-12 19:08Core Viewpoint - The company, Rebate Network Digital Technology Co., Ltd., is at risk of being delisted due to negative net profit and insufficient revenue from core business activities [2][3][4]. Group 1: Reasons for Potential Delisting - The company disclosed on April 25, 2025, that its net profit for the fiscal year 2024 was negative, and its revenue, after excluding non-core business income, was below 300 million yuan [3]. - According to the Shanghai Stock Exchange Listing Rules, if the company does not meet specific criteria in its 2025 annual report, it may face termination of its stock listing [4]. Group 2: Risk Disclosure History - The company is required to disclose risk warning announcements within one month after the end of the fiscal year in which its stock is under delisting risk, and subsequently every 10 trading days until the annual report is released [5]. - The first risk warning announcement was made on January 31, 2026, and this current announcement is the second risk warning [5]. Group 3: Financial Performance Forecast - The company anticipates a total profit for 2025 to be between -80 million yuan and -60 million yuan, with a net profit attributable to shareholders expected to be between -75 million yuan and -55 million yuan [7]. - The expected operating revenue for 2025 is projected to be between 450 million yuan and 550 million yuan, with core business revenue estimated between 400 million yuan and 490 million yuan [7].