002856，大幅下修业绩预告！或被“*ST”

Core Viewpoint - Meizhi Co., Ltd. (002856) has revised its 2025 performance forecast, expecting a significant increase in net losses compared to previous estimates, indicating potential financial distress and risks of delisting [1][4]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of -1.98 billion to -1.32 billion yuan, revised from the previous estimate of -1.125 billion to -750 million yuan [1][2]. - The expected net profit after deducting non-recurring gains and losses is projected to be -2.14 billion to -1.48 billion yuan, up from the earlier forecast of -958.24 million to -583.24 million yuan [1][2]. - Basic earnings per share are now expected to be -1.46 yuan to -0.98 yuan, compared to the prior estimate of -0.83 yuan to -0.44 yuan [1][2]. Equity and Audit Adjustments - The company estimates that the equity attributable to shareholders will be between -750 million to -400 million yuan, indicating a negative equity position [1][3]. - The adjustments are based on a thorough review of deferred tax assets, accounts receivable, and the operational status of subsidiaries, leading to a cautious approach in financial reporting [3]. Delisting Risk Warning - The company has issued a warning regarding the potential for its stock to be subject to delisting risk if the equity attributable to shareholders remains negative at the end of 2025, as per the Shenzhen Stock Exchange regulations [4].