Zodi Investment(SZ:000609) 证券时报·2025-11-02 15:17Core Viewpoint - ST Zhongdi (000609) has experienced significant stock price fluctuations, with a cumulative increase of over 71.39% from October 16 to October 31, 2025, indicating a serious deviation from the company's fundamentals [1][3]. Stock Performance - Since October 17, 2025, ST Zhongdi's stock has hit the daily limit up for 11 consecutive trading days [3]. Judicial Auction - The Chengyu Financial Court announced a public auction of 71.1448 million unrestricted shares held by the controlling shareholder, Guangdong Runhong Fuchuang Technology Center, starting at a base price of 255 million yuan [5]. - Shenzhen Tianwei Investment Partnership successfully acquired these shares for 255 million yuan, which represents 23.77% of the company's total share capital [5]. - The auction's completion is subject to further procedures, introducing a degree of uncertainty regarding the potential change in company control [5]. Financial Performance - For Q3 2025, the company reported revenue of 808,400 yuan, a year-on-year decline of 74.30%, and a net loss attributable to shareholders of 66.4984 million yuan, down 109.24% [7]. - The net profit after excluding non-recurring items was -51.6542 million yuan, a decrease of 67.89% year-on-year [7]. - The company's total equity attributable to shareholders was -8.5168 million yuan, reflecting a 103% decline [7]. - If the company fails to achieve an annual revenue of 300 million yuan or turn its net assets positive by December 31, 2025, it faces the risk of being delisted [7]. Risk Warnings - The company has been under continuous risk warnings due to negative net profits over the last three fiscal years and significant uncertainties regarding its ability to continue as a going concern [5][7].