000638，突发“天地板”！

Core Viewpoint - *ST Wanfang experienced a significant stock price fluctuation, showcasing a "heaven and earth board" phenomenon after a seven-day consecutive rise in stock price [2][3]. Group 1: Stock Performance - On February 27, *ST Wanfang's stock initially hit the upper limit at 2.69 CNY per share, but then sharply declined to the lower limit, closing at 2.43 CNY per share, maintaining a limit down status [2]. - The trading volume for *ST Wanfang reached 120 million CNY during this period [2]. Group 2: Risk Warnings - On February 26, *ST Wanfang issued a risk warning indicating that its stock had been on a consecutive rise since February 10, 2026, with significant volatility that could indicate market overheating and irrational speculation [3]. - The company has repeatedly disclosed announcements regarding abnormal stock trading fluctuations and the risk of potential delisting due to financial performance [3]. - According to the 2025 annual performance forecast, *ST Wanfang expects negative total profit and net profit attributable to shareholders, with revenues below 300 million CNY, which could trigger delisting under exchange rules [3]. - There is also a risk of receiving a qualified audit report for the 2025 fiscal year, which could further lead to delisting under the Shenzhen Stock Exchange rules [3].