QHHD(SH:600243) Shang Hai Zheng Quan Bao·2026-02-27 20:43Core Viewpoint - Qinghai Huading Industrial Co., Ltd. has experienced significant stock price fluctuations, with a cumulative closing price increase exceeding 12% over three consecutive trading days, indicating abnormal trading activity [2][5]. Group 1: Stock Trading Fluctuations - The company's stock price increased by more than 12% cumulatively over three trading days from February 25 to February 27, 2026, which is classified as abnormal trading activity according to Shanghai Stock Exchange regulations [2][5]. Group 2: Company Verification and Audit - The company has confirmed with its controlling shareholder and actual controller that there is no undisclosed information affecting the stock's trading fluctuations as of the announcement date [3][8]. - The previous auditor, Pengsheng Accounting Firm, has resigned and did not provide a special statement regarding the financial situation that could eliminate the risk of delisting [6][8]. - The company has appointed Zhongrui Cheng Accounting Firm as the new auditor for the 2025 financial report and internal control audit [8]. Group 3: Financial Performance and Risks - Preliminary estimates indicate that for the fiscal year 2025, the company expects a net profit attributable to the parent company of approximately -70 million yuan, with a revenue forecast of around 336 million yuan, and a core revenue (excluding unrelated business income) of about 330 million yuan [7]. - There is a risk of delisting due to the possibility that the audited profit and revenue figures may fall below the thresholds set by regulations, particularly if adjustments or tests reveal negative results [4][7]. - The company has warned investors about the potential for delisting if the audited revenue falls below 300 million yuan or if other conditions that cannot eliminate the delisting risk arise [4][7].