LNGF(SZ:002717) Shang Hai Zheng Quan Bao·2026-02-27 22:46Core Viewpoint - Lingnan Ecological Culture and Tourism Co., Ltd. is at risk of being subject to delisting risk warnings due to anticipated negative financial performance in 2025, including a projected net profit and total profit that may be negative, and revenue expected to be below 300 million yuan [2][3]. Group 1: Financial Performance and Risks - The company forecasts that for the fiscal year 2025, the lowest of total profit, net profit, or net profit after deducting non-recurring gains and losses will be negative, with operating revenue expected to be below 300 million yuan [2][3]. - The company anticipates a negative net asset value at the end of 2025, which could trigger delisting risk warnings as per Shenzhen Stock Exchange regulations [2][3]. - The internal control audit report for 2024 received a negative opinion from the auditing firm, which may lead to further delisting risk warnings if the 2025 report also receives a similar opinion [3]. Group 2: Other Risk Warnings - The company has faced additional risk warnings due to the freezing of major bank accounts and negative net profits for three consecutive years (2022-2024) after deducting non-recurring gains and losses [4]. - The 2024 financial statements were issued with a qualified opinion, indicating uncertainty regarding the company's ability to continue as a going concern, which also falls under the criteria for other risk warnings [4]. - If the 2025 audited financial report continues to meet the criteria for risk warnings, the company will remain under such warnings [4].