Core Viewpoint - The company *ST Xinchao (Xinchao Energy) is facing significant challenges as it anticipates a decline in profits for 2025 due to falling international oil prices, while also grappling with the risk of being delisted from the stock exchange due to an unfavorable audit report for 2024 [2][3][6]. Financial Performance - The company expects a total profit of 1.41 billion yuan and a net profit attributable to shareholders of 1.11 billion yuan for 2025, which represents a significant decrease compared to the 2.036 billion yuan net profit in 2024 [3][6]. - The anticipated net profit for 2025 is nearly halved compared to the previous year, indicating a challenging financial outlook [3][6]. - The decline in revenue is attributed to a 13% decrease in operating income, primarily driven by a drop in international oil prices, with the average WTI price expected to fall from 76.55 USD/barrel in 2024 to 65.46 USD/barrel in 2025 [3][4]. Audit and Delisting Risk - The company is under threat of delisting due to the 2024 audit report issued by the previous auditor, which stated "unable to express an opinion," leading to a risk warning for its stock [6][7]. - The company has changed auditors twice in the past year, with the latest appointment of Zhongshun Zhonghuan accounting firm, which has a strong reputation but has faced regulatory scrutiny in the past [6][7]. - The outcome of the upcoming audit report will be crucial in determining whether the company can avoid delisting and continue its operations [6][7].

Core Viewpoint - The company *ST Xinchao (New Energy) is facing significant challenges, including a potential delisting risk due to an unfavorable audit report for 2024, despite projecting a net profit of 1.11 billion yuan for 2025, which represents a substantial decline compared to the previous year [2][5]. Financial Performance - The company expects a total profit of 1.41 billion yuan and a net profit attributable to shareholders of 1.11 billion yuan for 2025, with a net asset projection of 23 billion yuan by the end of the year [3]. - Compared to 2024, the net profit for 2025 is expected to nearly "halve," as the 2024 net profit was 2.036 billion yuan, and the net profit excluding non-recurring gains was 2.194 billion yuan [3]. - The decline in performance is attributed to a 13% decrease in revenue due to falling international oil prices, with the average WTI price projected at $65.46 per barrel for 2025, down from $76.55 per barrel in 2024 [3][4]. Audit and Delisting Risk - The company has been warned about the risk of delisting due to the previous audit firm, Lixin, issuing an "unable to express an opinion" audit report for 2024, leading to a risk warning for its stock since July 8, 2025 [5][6]. - The company is currently engaged in a "shell protection" battle, having changed audit firms twice within a year, and is now relying on Zhongshun Zhonghuan to provide a standard audit report for 2025 [2][6]. - The relationship with Lixin deteriorated rapidly, culminating in a lawsuit against them for issuing a damaging audit report and seeking a refund of 3.5 million yuan for audit services [6].

Core Viewpoint - *ST Lanzhou expects significant revenue growth in 2025, but continues to face delisting risks due to negative profit indicators [1][2] Group 1: Financial Performance - The company forecasts 2025 revenue between 400 million to 460 million yuan, compared to 211 million yuan in 2024 [1] - The net loss attributable to shareholders is projected to be between 62 million to 90 million yuan, an improvement from a loss of 99.87 million yuan in 2024 [1] - The net loss after excluding non-recurring gains and losses is expected to be between 100 million to 128 million yuan, compared to a loss of 78.16 million yuan in 2024 [1] Group 2: Business Development - The company is actively expanding its beer and beverage business beyond the northwest region, with significant growth in online sales revenue [1] - Increased sales expenses due to brand promotion and e-commerce marketing have contributed to a decline in profits [1] - Investments in Huanghe (Wuzhong) Beverage Co., Ltd. and Huanghe (Chongqing) Beverage Co., Ltd. are aimed at increasing the beverage business's contribution to revenue growth [1] Group 3: Delisting Risk - The company remains under delisting risk warning due to negative values in profit total, net profit, and net profit after excluding non-recurring gains for 2024 [2] - If the 2025 annual report shows continued negative financial indicators, the company faces potential termination of its listing [2] - The preparation and auditing of the 2025 annual report are ongoing, with all financial data subject to final audited results [2]

Core Viewpoint - The company, Jiangsu Sihuan Bioengineering Co., Ltd., is expected to report a negative net profit for the fiscal year 2025, following a financial warning due to previous losses and low revenue [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [1]. - The company anticipates a net profit in the range of -46 million to -33 million yuan, with revenue expected to be between 330 million and 350 million yuan [4][18]. - The forecast data is based on preliminary calculations by the company's finance department and has not been audited by an accounting firm [2][5]. Group 2: Reasons for Performance Changes - The increase in revenue is primarily attributed to significant growth in seedling sales from the wholly-owned subsidiary, Jiangsu Chenwei Ecological Park Technology Co., Ltd. [3]. - The reduction in net losses is due to decreased asset impairment losses and operating expenses, as well as improved cost control by the subsidiary, Beijing Sihuan Biopharmaceutical Co., Ltd. [3]. Group 3: Risk of Delisting - The company's stock will be subject to delisting risk warnings starting April 30, 2025, due to a negative audited net profit and revenue below 300 million yuan for the fiscal year 2024 [4][10]. - If the company fails to meet certain financial criteria in the 2025 annual report, it may face termination of its stock listing [10][17].

Core Viewpoint - The company, *ST Green Health, is expected to report a negative net profit for the fiscal year 2025, marking the first accounting year after the implementation of financial delisting risk warning on its stock [1][10]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025, with an anticipated net profit being negative [1]. - The company has completed a significant asset restructuring, transferring 100% equity of three subsidiaries to another company, which will affect the financial results [2]. Group 2: Communication with Auditors - The company has communicated with its auditing firm regarding the performance forecast, and there are no significant disagreements as of the announcement date [3]. Group 3: Reasons for Performance Changes - The main reason for the performance change is the separation of the loss-making photovoltaic film business, which will no longer be included in the consolidated financial statements [4]. - Despite the expected loss, the veterinary medicine business has seen revenue growth, primarily from higher-margin products, leading to an overall improvement in gross margin compared to 2024 [4]. Group 4: Risk of Delisting - The company reported a negative net asset value of -24,536,065.37 yuan as of the end of 2024, triggering a delisting risk warning [10][14]. - The net profits attributable to shareholders for 2022, 2023, and 2024 were -121,938,109.79 yuan, -221,817,878.58 yuan, and -444,864,018.29 yuan respectively, indicating a continuous decline [11][14]. - If the company’s financial indicators trigger delisting rules again in 2025, the stock may face termination of listing [24]. Group 5: Audit Progress - The auditing firm, Lixin, has been conducting the 2025 annual audit since November 2025, and there are no major disagreements on significant accounting treatments or key audit matters [25][26]. - The company is actively progressing with the preparation and auditing of the 2025 annual report [25].

Core Viewpoint - The company, Shanghai Broadband Technology Co., Ltd., is facing significant risks including an investigation by the China Securities Regulatory Commission (CSRC) and potential delisting due to negative financial performance and other receivables impairment risks [2][4][5]. Group 1: Investigation and Regulatory Risks - The company received a notice of investigation from the CSRC on December 12, 2025, for suspected violations of information disclosure laws [2][4]. - The company is actively cooperating with the CSRC and believes that the investigation will not significantly impact its operations [4]. Group 2: Financial Performance and Delisting Risks - For the year 2024, the company reported an operating income of 17.23 million yuan, with a total profit of -7.24 million yuan and a net profit attributable to shareholders of -5.68 million yuan [5][6]. - In the first three quarters of 2025, the company had an operating income of 5.44 million yuan, a total profit of 0.20 million yuan, and a net profit of 0.11 million yuan, but a negative net profit of -0.24 million yuan when excluding non-recurring gains and losses [6]. - If the company's annual profit or net profit falls below zero and operating income is below 300 million yuan, it may face delisting under the Shanghai Stock Exchange rules [2][6]. Group 3: Impairment Risks - The company has recognized an impairment provision of 89.9% for receivables related to Hong Kong Petrochemical, with only 5.5% of the debt being repaid so far [3][6]. - Further impairment of these receivables could lead to negative financial results, potentially triggering delisting [3][6]. Group 4: Other Risk Warnings - Historical financial issues related to the former controlling shareholder, Nanjing Sweet Group, have not been resolved, posing additional risks [3][8]. - The company emphasizes the importance of investor caution and rational decision-making in light of these risks [4][8].

麦趣尔公告称，债权人铭慧机械以公司欠595.49万元货款未付为由，向昌吉州中院申请对其进行破产清 算。截至公告披露日，公司未收到法院相关裁定，已按规定提出异议。公司目前经营正常，未达破产清 算法定条件。2024年、2025年1-9月，公司营收分别为6.35亿元、4.63亿元，净利润分别为-2.3亿 元、-0.33亿元。后续公司是否进入破产清算程序尚不确定，若法院受理，公司股票或被实施退市风险 警示。 ...

新华锦公告称，截至2025年半年度报告披露日，新华锦集团及其关联方非经营性占用公司资金4.06亿 元，需在收到《行政监管措施决定书》6个月内归还。截至公告披露日，资金占用解决方案未确定，新 华锦集团等已被裁定受理破产重整，占用资金存在无法全额清偿风险。若未在规定时间清收资金，公司 股票将依次面临停牌、被实施退市风险警示、终止上市交易。公司生产经营正常，将及时披露进展。 ...

精伦电子公告称，因2024年度经审计相关利润指标为负且营收低于3亿元，公司股票于2025年4月29日起 被实施退市风险警示。公司预计2025年度经审计净利润为负值且扣除相关收入后的营收低于3亿元，年 报披露后，若相关指标经审计触及规定情形，公司股票将面临被终止上市的风险。本次为第一次风险提 示公告。 ...

Core Viewpoint - *ST Shengxun (003004) expects a net profit for 2025 to be between -12 million and -6 million, compared to a loss of approximately 51.2 million in the same period last year [1] Financial Performance - The company anticipates a net profit excluding non-recurring gains and losses for 2025 to be between -13.3 million and -7.3 million [1] - Projected operating revenue for 2025 is estimated to be between 350 million and 400 million [1] Stock Market Implications - Starting from May 6, 2025, the company's stock will be subject to delisting risk warning by the Shenzhen Stock Exchange [1] - The company may face termination of listing if it meets certain conditions, including negative values for audited total profit, net profit, and net profit excluding non-recurring gains and losses, along with operating revenue below 300 million [1] Reasons for Performance Changes - The increase in revenue is attributed to the acquisition of Zhejiang Zhongchen, which has been consolidated into the company's financials [1] - The company has focused on cost reduction and efficiency improvement, leading to a decrease in three types of expenses [1] - Enhanced collection efforts on accounts receivable have reduced impairment losses, contributing to a narrowing of the loss margin [1]