格隆汇1月23日丨ST华鹏(603021.SH)公布，经公司财务部门初步测算，预计2025年度期末净资产-20,800 万元到-13,900万元，将触及《股票上市规则》第9.3.2条第一款第（二）项"最近一个会计年度经审计的 期末净资产为负值，或追溯重述后最近一个会计年度期末净资产为负值"规定的对公司股票实施退市风 险警示的情形，公司股票在2025年年度报告披露后可能被上海证券交易所实施退市风险警示。 ...

格隆汇1月23日丨ST华鹏(603021.SH)公布，经公司财务部门初步测算，预计2025年度期末净资产-20,800 万元到-13,900万元，将触及《股票上市规则》第9.3.2条第一款第（二）项"最近一个会计年度经审计的 期末净资产为负值，或追溯重述后最近一个会计年度期末净资产为负值"规定的对公司股票实施退市风 险警示的情形，公司股票在2025年年度报告披露后可能被上海证券交易所实施退市风险警示。 ...

苏州恒久公告称，公司股票于2026年1月19日至21日连续三个交易日收盘价格涨幅偏离值累计超过 12%，属于异常波动。经核实，公司经营正常，未发现应披露而未披露的重大信息，异常波动期间控股 股东、实际控制人未买卖股票。公司2024年度经审计利润总额等为负且营收低于3亿元，股票于2025年4 月25日起被实施"退市风险警示"，2025年年报正在核算中。 ...

1月20日晚间，ST赛为（证券代码：300044）发布公告称，预计2025年度期末净资产为负值，在公司2025年年报披露后，公司股票交易可能被实施退市风 险警示（股票简称前冠以"*ST"字样）。 同日晚间，ST赛为还发布了2025年业绩预告。公司预计2025年归母净利润为-10.2亿元至-7.2亿元。 对于业绩亏损幅度扩大及净资产可能为负，ST赛为称，原因在于与深圳市艾特网能技术有限公司（以下简称艾特网能）诉讼、仲裁判决影响，对2025年 度净利润影响约为-7.18 亿元。 回溯公告，ST赛为及子公司廊坊市梅特科技有限公司（以下简称梅特科技）与艾特网能的买卖合同纠纷于2023年12月被深圳国际仲裁院受理，并在近日 作出仲裁判决。深圳国际仲裁院裁决内容包括：ST赛为需向艾特网能支付合同价款6.1279亿元；支付逾期付款违约金（以6.1034亿元为基数按每日万分之 四、以245.45万元为基数按LPR自2022年3月30日起计算至实际清偿日止）；补偿律师费100万元；与梅特科技共同补偿财产保全费5000元、保全保险费 26.87万元，并共同承担仲裁费498.87万元。此外，艾特网能对梅特科技提供抵押的设备在上述债 ...

【导读】 ST 赛为预计 2025 年度期末净资产为负值 中国基金报记者 夏天 1 月 20 日晚间 ， S T 赛 为（证券代码： 300044 ）发布公告称， 预 计 2025 年度期末 净资产为负 值，在公司 2025 年年报披露后，公司股票交易可能被实施退市风险警示（股票 简称前冠以 "*ST" 字样）。 具体来看，经公司财务部门测算， S T 赛 为预计 2025 年末归属于上市公司的所有者权益为 -8.7 亿元至 -6.2 亿元（未经审计）。这直接触发了《深圳证券交易所创业板股票上市规 则》（ 2025 年修订） 第 10.3.1 条第一款第二项的规定：上市公司出现 " 最近一个会计年 度经审计的期末净资产为负值 " 的情形，其股票交易将被实施退市风险警示。 S T 赛 为表示，如公司 2025 年度经审计的财务数据触及上述规定，公司将在披露《 2025 年年度报告》的同时，披露公司股票交易被实施退市风险警示的公告。公司股票于公告后停 牌一天，自复牌之日起，深交所将对公司股票交易实施退市风险警示。 同日晚间， ST 赛为 还发布了 2025 年业绩预告。公司预计 2025 年归母净利润为 -10. ...

Core Viewpoint - ST Saiwei is expected to have a negative net asset value by the end of 2025, which may lead to a delisting risk warning for its stock trading [2] Group 1: Financial Forecasts - The company estimates that its net assets attributable to shareholders will be between -870 million yuan and -620 million yuan by the end of 2025 [2] - The projected net profit for 2025 is expected to be between -1.02 billion yuan and -720 million yuan [2] Group 2: Legal and Financial Issues - The anticipated losses are primarily due to a lawsuit and arbitration ruling involving Shenzhen Aite Network Technology Co., which is expected to impact the 2025 net profit by approximately -718 million yuan [3] - The arbitration ruling requires ST Saiwei to pay Aite Network a contract price of 612.79 million yuan, along with overdue payment penalties and other fees totaling approximately 6.1 million yuan [3] Group 3: Recent Performance and Market Reaction - In 2024, the company reported revenue of 143 million yuan, a year-on-year decline of 68.03%, with a net profit loss of 507 million yuan [4] - For the first three quarters of 2025, revenue further decreased to 87.48 million yuan, a 46.25% year-on-year decline, with a net profit loss of 53.69 million yuan, representing a 205.65% increase in losses compared to the previous year [4] - Despite poor financial performance, the company's stock has seen significant gains, with a 48% increase year-to-date as of January 20, 2023 [4]

Group 1 - The company *ST Zhongzhuang has completed its restructuring plan, and the Shenzhen Stock Exchange has approved the removal of the delisting risk warning due to the court's acceptance of the restructuring [1] - The company's stock will be suspended for one day starting January 21, 2026, and will resume trading on January 22, 2026, with the delisting risk warning lifted [1] - The stock's abbreviation will change from "*ST Zhongzhuang" to "ST Zhongzhuang," while the security code remains "002822," and the daily price fluctuation limit will continue to be 5% [1] Group 2 - In February 2024, the company's main bank accounts were frozen, triggering an "other risk warning" as per the Shenzhen Stock Exchange listing rules [2] - On March 21, 2025, the company received an administrative penalty notice indicating false financial disclosures for the years 2017-2021, leading to additional risk warnings [2] - As of the announcement date, the company continues to face multiple risk warnings due to unresolved issues from previous disclosures and audit reports indicating uncertainty in its ability to continue as a going concern [2]

Core Viewpoint - The company *ST Rong Control announced that its stock experienced an abnormal fluctuation with a cumulative price increase deviation of 15.68% over three consecutive trading days in January 2026, indicating potential volatility in its stock performance [1] Group 1: Stock Performance - The stock (000668) had a cumulative price increase deviation of 15.68% over three trading days on January 16, 19, and 20, 2026, which is classified as an abnormal fluctuation [1] - The company confirmed that there were no corrections or supplements to previously disclosed information, and no significant undisclosed information from the media [1] Group 2: Financial Performance - For the fiscal year 2024, the company's revenue after deducting non-recurring items is expected to be less than 300 million, with multiple profit indicators showing negative values [1] - The stock is subject to delisting risk warning as of April 30, 2025, due to the financial performance issues [1] Group 3: Future Disclosures - The company is scheduled to disclose its 2025 annual performance forecast by January 31, 2026 [1]

Core Viewpoint - Tianjian Technology expects to report a net loss of between -176 million yuan and -250 million yuan for the fiscal year 2025, marking a shift from profit to loss compared to the previous year [2][4]. Financial Performance - The company anticipates a revenue decline of between -141 million yuan and -201 million yuan for 2025 [4]. - The primary reason for the expected loss is the adjustment between the provisional pricing and the final audited prices of certain products, which are subject to specific field user pricing regulations [4]. - Adjustments to previously recognized revenues based on provisional pricing are expected to reduce revenue by approximately 260 million yuan and impact net profit by about -210 million yuan [4]. Business Outlook - Despite the anticipated losses due to product price adjustments, the company's core business remains unchanged [5]. - In 2026, the company plans to focus on the development and mass production of new models and products while accelerating the research and validation of new technologies to strengthen its core product competitiveness [5]. - The company aims to enhance strategic planning and operational management, promote steady business growth, optimize its talent pool and operational efficiency, and improve investor communication to boost overall company value and sustainable development capabilities [5]. Risk Warning - Tianjian Technology has issued a warning regarding the potential for its stock to be subject to delisting risk due to financial performance criteria set by the Shenzhen Stock Exchange [6][7]. - If the audited financial data for 2025 meets specific negative criteria, the company will announce a delisting risk warning, and trading of its stock will be suspended for one day following the announcement [6][7].

Core Viewpoint - Tianjian Technology (002977) expects to report a net loss of between -176 million to -250 million yuan for the fiscal year 2025, marking a shift from profit to loss compared to the previous year [1][2] Group 1: Financial Performance - The company anticipates a revenue decline of between -141 million to -201 million yuan for 2025, primarily due to price adjustments between provisional and final pricing for certain products [2] - The adjustment in revenue is expected to reduce net profit attributable to shareholders by approximately -210 million yuan, influenced by the formal price review agreements for three specific product models [2][3] Group 2: Business Strategy - Despite the anticipated losses, the company's core business remains unchanged, with plans to focus on new model development and production in 2026, alongside accelerating research and validation of new technologies [3] - The company aims to enhance its core product competitiveness and improve operational efficiency while maintaining strategic planning and management [3] Group 3: Risk of Delisting - Tianjian Technology has issued a warning regarding the potential for its stock to be subject to delisting risk, as it may meet criteria set by the Shenzhen Stock Exchange due to negative net profit and revenue figures [4] - The company is currently undergoing an audit for its 2025 annual report, and any delisting risk will be disclosed alongside the audited financial data [4]