Infinova(SZ:002528) 21世纪经济报道·2026-01-30 13:56Core Viewpoint - ST Yingfit (002528) is facing a significant financial crisis, with negative net assets and a potential transition from ST to *ST status, indicating a heightened risk of delisting due to financial irregularities and collective lawsuits from thousands of investors [1][3]. Financial Performance - ST Yingfit has projected a net loss for the fiscal year 2025, estimating a loss between 240 million to 310 million yuan, with expected revenue ranging from 420 million to 540 million yuan [3]. - The company has acknowledged that its net assets are likely to be negative by the end of 2025, which will trigger a delisting risk warning after the annual report is disclosed [3]. Legal and Regulatory Issues - The company has been involved in significant financial discrepancies, particularly between 2019 and 2020, leading to a correction of financial statements for the years 2019 to 2022 [5]. - ST Yingfit is currently facing a lawsuit involving 477 investors, with a total claim amounting to 23.62 million yuan, related to the accounting errors identified [5]. - The company is also under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, which may lead to further legal repercussions and investor claims [8]. Market Reaction and Investor Sentiment - The stock price of ST Yingfit has been consistently weak over the years, and the upcoming annual report for 2025 is expected to attract significant market attention regarding the audit results [8].