Core Viewpoint - The company ST Qingyan (301288) is expected to disclose its audited 2025 annual report on April 21, 2026, which will determine whether it meets delisting conditions due to projected losses [1][2]. Financial Performance - The company anticipates a net profit loss of between 20 million to 27 million yuan for the year 2025, while the expected operating revenue is projected to be between 147 million to 185 million yuan [1][2]. Future Development - The company's stock is under delisting risk warning, and if the 2025 annual report indicates a negative net profit and operating revenue below 100 million yuan, it may face termination of listing [3]. Regulatory Situation - The final results of the 2025 annual audit will impact the delisting risk, and investors should pay attention to whether the audit opinion includes any non-standard items, as well as the regular delisting reviews by regulatory authorities for ST companies [4].
ST清研2025年年报披露在即,退市风险引关注