关于公司股票可能被终止上市的第二次风险提示公告 证券代码：300159 证券简称：*ST新研 公告编号：2026-008 新疆机械研究院股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1.新疆机械研究院股份有限公司（以下简称"公司"）于 2025 年 3 月 19 日在 巨潮资讯网（www.cninfo.com.cn）披露了《关于公司股票交易将被实施退市风 险警示暨股票停牌一天的公告》（公告编号：2025-029），公司 2024 年度经审 计的期末净资产为负值，根据《深圳证券交易所创业板股票上市规则》第 10.3.1 条第一款第（二）项的规定，公司股票交易自 2025 年 3 月 20 日起被实施退市 风险警示。若公司 2025 年度出现《深圳证券交易所创业板股票上市规则》第 10.3.11 条规定的相关情形，公司股票将面临被终止上市的风险。 2.根据《深圳证券交易所创业板股票上市规则》第 10.3.5 条"上市公司因触 及第 10.3.1 条第一款第一项至第三项情形，其股票交易被实施退市风险警示后， 应当在其股票被实施退市风险警示 ...

Core Viewpoint - China Cinda is actively implementing the central financial work conference's spirit by focusing on risk prevention and resolution, serving the real economy, and exploring new paths for rescuing distressed listed companies through market-oriented and legal means [1] Group 1: Company Actions - China Cinda, as the largest creditor, has tailored an innovative plan for the bankruptcy reorganization of *ST Xinyan, emphasizing the "coordinated bankruptcy reorganization of listed companies and their subsidiaries" [1] - After acquiring non-performing debts, China Cinda established a joint working group to analyze and determine the innovative reorganization plan, participating as the main creditor in the bankruptcy reorganization process [1] - The joint working group completed the entire bankruptcy reorganization process in just over six months, obtaining approvals from the China Securities Regulatory Commission and the Supreme People's Court [1] Group 2: Objectives and Outcomes - The initiative aims to maximize asset value retention while helping companies overcome difficulties and maintaining stability in the capital market and regional economic finance [1] - The successful implementation of the reorganization plan has led to the revitalization of the listed company, demonstrating effective strategies in addressing corporate distress [1]

Core Viewpoint - The low-altitude economy sector is showing mixed results for 2025, with 22 companies expected to be profitable while another 22 are projected to incur losses, indicating a significant divergence in performance within the industry [3]. Performance Forecast Summary Profit Growth - 11 companies are expected to report profit increases, with notable projections including: - Xinzhi Group (002664.SZ) and Shangluo Electronics (300975.SZ) anticipating several-fold increases in net profit [4]. - Weihai Guangtai (002111.SZ), Tongyu Heavy Industry (300185.SZ), and Guangyang Co. (002708.SZ) expecting over 50% growth in net profit [4]. - Wan Feng Aowei (002085.SZ) and Zongshen Power (001696.SZ) also forecasted net profit growth [4]. Losses - 22 companies are projected to incur losses, with several notable cases: - Zhongtian Rocket (003009.SZ) and Andavil (300719.SZ) have shifted from profit to loss [7]. - Haige Communication (002465.SZ) is investing heavily in R&D, leading to increased costs and a projected loss [7]. - Companies like Aerospace Power (600343.SH) and Sihua Electronics (600990.SH) are also expected to continue reporting losses [8]. Industry Insights - The low-altitude economy's contribution to overall profits remains limited, with most revenue still coming from aircraft manufacturing and infrastructure construction [3]. - Companies like Wan Feng Aowei are leveraging their low-altitude business to drive profit growth, supported by strong orders in general aviation aircraft manufacturing and strategic acquisitions [5]. - The industry is witnessing a shift towards commercial applications of low-altitude technologies, with companies preparing for a significant commercialization phase in 2026 [9][10]. Strategic Developments - Companies are increasingly focusing on integrating low-altitude infrastructure and management platforms, as seen with Suzhou Keda's strategic investments in civil aviation infrastructure [11]. - The emphasis on R&D and market expansion in emerging fields like low-altitude economy is evident, with companies aiming to enhance their competitive edge through innovative solutions [7][11].

Core Viewpoint - The company *ST Xin Yan expects to achieve an operating revenue of 580 million to 650 million yuan in 2025, compared to 665 million yuan in the same period last year, indicating a decline in revenue. Additionally, it anticipates a net profit attributable to shareholders of 40 million to 51 million yuan, a significant recovery from a loss of 319 million yuan in the previous year [1]. Financial Performance - The projected operating revenue for 2025 is between 580 million and 650 million yuan, down from 665 million yuan in the previous year [1]. - The expected net profit for 2025 is between 40 million and 51 million yuan, a turnaround from a loss of 319 million yuan in the prior year [1].

Core Viewpoint - *ST Xin Yan (300159) expects a net profit of 40 million to 51 million yuan for 2025, a significant recovery from a loss of 319 million yuan in the previous year, indicating a positive turnaround in financial performance [4] Financial Performance - The company anticipates a net profit attributable to shareholders of 40 million to 51 million yuan for 2025, compared to a loss of 319 million yuan in the same period last year [4] - The expected non-recurring net profit loss is projected to be between 288 million to 368 million yuan, slightly better than the previous year's loss of 323 million yuan [4] - As of January 29, the company's price-to-earnings ratio (TTM) is approximately 203.23 to 259.12 times, with a price-to-book ratio (LF) of about -20.5 times and a price-to-sales ratio (TTM) of approximately 16.92 times [4] Business Operations - The main business of the company includes the production and sale of agricultural machinery and aerospace engine structural components [15] - The performance fluctuation is attributed to the completion of the company's restructuring plan, which has positively impacted the financial situation through non-recurring gains [15] - The company is currently in a bankruptcy restructuring phase, facing challenges such as tight funding and cyclical market impacts, leading to a slight decline in revenue [15] - Fixed asset depreciation and operational costs have not been diluted, resulting in operational losses [15] - The company has conducted preliminary impairment tests on various assets, leading to the recognition of impairment provisions that will affect the current period's performance [15]

Core Viewpoint - *ST Xinyan has released its annual performance forecast, expecting a net profit attributable to shareholders of 40 million to 51 million yuan for the year 2025, while the net profit after deducting non-recurring gains and losses is projected to be between -368 million and -288 million yuan [1] Group 1 - The company has turned a profit during the reporting period, primarily due to the completion of its restructuring plan, which has positively impacted its financial status through recognized restructuring gains classified as non-recurring [1] - Despite the profit turnaround, the company experienced a slight decline in revenue due to tight funding and cyclical market influences, leading to operating losses as fixed costs such as depreciation and operational expenses could not be diluted [1] - At the end of the reporting period, the company conducted preliminary impairment tests on various assets based on a principle of prudence, resulting in the recognition of impairment provisions that affected the current period's performance [1]

Core Viewpoint - The company *ST Xin Yan expects to achieve a positive net profit in 2025, indicating a turnaround from previous losses [1] Financial Performance - The projected operating revenue for 2025 is estimated to be between 580 million and 650 million yuan, compared to 665 million yuan in the same period last year [1] - The net profit attributable to shareholders is expected to be between 40 million and 51 million yuan, a significant improvement from a loss of 319 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is projected to be between -368 million and -288 million yuan, compared to -323 million yuan in the same period last year [1]

证券代码：300159 证券简称：*ST 新研 公告编号：2026-006 新疆机械研究院股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、本期业绩预计情况 1.业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2.业绩预告情况：股票交易已被实施财务类退市风险警示后的首个会计年度、预计 净利润为正值且属于扭亏为盈情形 单位：万元 | 项 | 目 | | 本会计年度 | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 利润总额 | | 4,300 | - | 5,500 | -32,028.79 | | 归属于上市公司股 东的净利润 | | 4,000 | - | 5,100 | -31,856.79 | | 扣除非经常性损益 后的净利润 | | -36,800 | - | -28,800 | -32,271.79 | | 营业收入 | | 58,000 | - | 65,000 | 66,491.75 | | 扣除后营业收入 | | 56, ...

| 具体情形 | 是否适用（对可能触及的打勾） | | --- | --- | | 经审计的利润总额、净利润、扣除非经 | | | 常性损益后的净利润三者孰低为负值， | | | 且扣除后的营业收入低于 1 亿元。 | | | 经审计的期末净资产为负值。 | √ | | 财务会计报告被出具保留意见、无法表 | | | 示意见或者否定意见的审计报告。 | | 截至本公告披露日，公司可能触及的财务类终止上市情形如下表所示： | 追溯重述后利润总额、净利润、扣除非 | | --- | | 经常性损益后的净利润三者孰低为负 | | 值，且扣除后的营业收入低于 1 亿元； | | 或者追溯重述后期末净资产为负值。 | | 财务报告内部控制被出具无法表示意 | | 见或者否定意见的审计报告。 | | 未按照规定披露内部控制审计报告，因 | | 实施完成破产重整、重组上市或者重大 | | 资产重组按照有关规定无法披露的除 | | 外。 | | 未在法定期限内披露过半数董事保证 | | 真实、准确、完整的年度报告。 | 一、公司股票可能被终止上市的原因 证券代码：300159 证券简称：*ST新研 公告编号：2026-007 ...

Group 1: Delisting Risks - *ST Xin Yan: The Shenzhen Stock Exchange has approved the company's application to revoke the delisting risk warning due to restructuring [1] - *ST Zhong Zhuang (Rights Protection): The delisting risk warning has been revoked, but other risk warnings will continue, and the stock will be suspended for one day starting tomorrow [2] - ST Sai Wei: Expected to incur a loss of 720 million to 1.02 billion yuan in 2025, with a possibility of being subject to delisting risk warnings [3] Group 2: Earnings Forecasts - Hikvision: Expected net profit attributable to shareholders to grow by 18.46% year-on-year in 2025 [28] - Langzi Co.: Expected net profit to increase by 245.25% to 302.8% year-on-year in 2025 [4][30] - Zhaoyan New Drug: Expected net profit to increase by 214% to 371% year-on-year in 2025 [5][30] - Huachen Equipment: Expected net profit to increase by 193.64% to 242.04% year-on-year in 2025 [6][30] - Qianyuan Power: Expected net profit to increase by 160% to 190% year-on-year in 2025 [7][30] - Jin Fang Energy: Expected net profit to increase by 123.97% to 193.7% year-on-year in 2025 [8][31] - Zhongfu Industrial: Expected net profit to increase by 120.27% to 141.59% year-on-year in 2025 [9][32] - Batian Co.: Expected net profit to increase by 117.53% to 139.53% year-on-year in 2025 [10][32] - Zhongrong Electric: Expected net profit to increase by 104.89% to 131.10% year-on-year in 2025 [11][32] - Kaisheng New Materials: Expected net profit to increase by 96.47% to 150.06% year-on-year in 2025 [12][32] - Putailai: Expected net profit to increase by 93.18% to 101.58% year-on-year in 2025 [13][32] - Dongfang Iron Tower: Expected net profit to increase by 91.4% to 125.07% year-on-year in 2025 [14][32] - Pulaike: Expected net profit to increase by 89.64% to 110.11% year-on-year in 2025 [15][32] - Huabang Health: Expected profit of 660 million to 730 million yuan in 2025, turning from loss to profit [16][32] - Hongyuan Green Energy: Expected net profit of 180 million to 250 million yuan in 2025, turning from loss to profit [17][32] - Kangda New Materials: Expected profit of 125 million to 135 million yuan in 2025, turning from loss to profit [18][32] - Langxin Technology: Expected profit of 100 million to 150 million yuan in 2025, turning from loss to profit [19][32] - Hualv Biological: Expected profit of 100 million to 130 million yuan in 2025, turning from loss to profit [20][32] Group 3: Mergers and Acquisitions - Kangxin New Materials: Plans to acquire 51% of Yubang Semiconductor for 392 million yuan [21][32] - Aibo Medical: Plans to gain control of Demei Medical [22][32] Group 4: Share Buybacks and Reductions - Hengtong Co.: Plans to repurchase company shares worth 80 million to 100 million yuan [24][32] - Haier Smart Home: Plans to repurchase D shares up to 200,000 euros [29][32] - Blue Universe Co.: Shareholders plan to reduce their holdings by no more than 3.02% [29][32] - Hesheng Silicon Industry: Controlling shareholder plans to reduce holdings by no more than 3% [29][32] - Aolian Electronics (Rights Protection): Shareholder Liu Junsheng plans to reduce holdings by no more than 3% [29][32] - Bluefeng Biochemical: Hainan Wenqin plans to reduce holdings by no more than 3% [29][32] - Zhixin Precision: Shareholders plan to reduce holdings by no more than 3% [29][32] - Peking University Medical: Peking University Health plans to reduce holdings by no more than 3% [29][32] Group 5: Other Updates - Liou Co.: Self-inspection work has been completed, and the stock will resume trading on January 21 [29][32] - Yongxing Materials: The lithium mica green intelligent and efficient lithium extraction project has reached production capacity [29][32] - Debang Co.: Plans to voluntarily withdraw A shares from trading on the Shanghai Stock Exchange [29][32]