*ST海源：2025年业绩预亏，股票存终止上市风险

Core Viewpoint - *ST Haiyuan announced that its stock will be subject to delisting risk warning in 2025, and if the audited indicators trigger relevant conditions, the stock will be terminated from listing [1] Financial Performance - The company expects its revenue for the fiscal year 2025 to be between 350 million and 380 million yuan, with net profit attributable to shareholders projected to be between -216 million and -180 million yuan [1] - The revenue figures are unaudited and will be finalized in the 2025 annual report [1] Risk Management - The company will disclose a risk warning announcement every ten trading days prior to the annual report disclosure [1]