Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Expected Negative Net Assets - Six companies, including Deep Konka A, are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion to -8.001 billion yuan [2] - The reasons for Deep Konka A's significant losses include large impairment provisions for various assets and declining revenue in its core consumer electronics business due to insufficient product competitiveness [2] Group 2: Companies with Expected Profit and Revenue Shortfalls - Four companies, including Jiyou Co. and ST Lingnan, are expected to have negative profits and revenues below the required thresholds, triggering delisting risk warnings [4] - Jiyou Co. (stock code: 603429) expects a total profit loss of around 23 million yuan and revenue of approximately 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) anticipates a total profit loss between 1.19 billion and 1.78 billion yuan, with net assets expected to be between -1.4 billion and -940 million yuan, indicating severe financial distress [6]

Core Viewpoint - Konka Group Co., Ltd. (referred to as "Deep Konka A") is expected to report significant losses for the fiscal year 2025, with net losses projected between 12.581 billion to 15.573 billion yuan, compared to a loss of 3.296 billion yuan in the previous year [1][2][3]. Financial Performance Summary - The projected net profit attributable to shareholders is expected to be a loss of 12.581 billion to 15.573 billion yuan, compared to a loss of 3.296 billion yuan in the same period last year [1][2]. - The estimated net assets at the end of the fiscal year are projected to be between -5.334 billion to -8.001 billion yuan, down from 2.369 billion yuan at the end of the previous year [1][2]. - Estimated operating revenue is expected to be between 9 billion to 10.5 billion yuan, down from 11.147 billion yuan in the previous year [1][2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 9.953 billion to 10.263 billion yuan, compared to a loss of 3.206 billion yuan in the previous year [1][2]. Reasons for Performance Decline - The company cites increased impairment provisions for inventory, accounts receivable, equity investments, financial assistance, and ineffective assets as a major reason for the projected losses [3]. - The consumer electronics business has faced declining revenue due to insufficient product competitiveness, leading to continued losses despite a reduction in overall expenses [3]. Corporate Governance Changes - In April 2025, China Resources and Overseas Chinese Town signed a share transfer agreement, resulting in China Resources becoming the new controlling shareholder with a 30% stake in Konka [6]. - Following the change in control, several executives with backgrounds in China Resources have joined the management team of Konka [7]. - The company has seen significant changes in its board of directors, with a majority of non-independent directors now affiliated with China Resources [7]. Regulatory Issues - The company has faced scrutiny from regulatory bodies, including warnings issued to former executives for inaccurate financial disclosures related to a 2018 transaction [9]. - Two former executives are currently under investigation for serious violations of discipline and law [7][8]. Market Performance - As of January 30, the stock price of Deep Konka A closed at 4.98 yuan per share, reflecting a decline of 0.60%, with a total market capitalization of 11.992 billion yuan [10].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：300716 证券简称：ST泉为（维权） 公告编号：2026-011 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。 特别风险提示： 1、本次业绩预告是公司财务部门初步测算的结果，经公司审计委员会审议通过，未经董事会讨论、审 议，未经审计机构中瑞诚会计师事务所审计。 报告期内，公司业绩出现亏损，主要原因如下： 2、如果，2025年度公司经审计后的财务数据与本次业绩预告保持一致，公司归属于股东的所有者权益 暨净资产为负值，根据《深圳证券交易所创业板股票上市规则》第10.3.1条第(二) 项的规定，在公司 《2025年年度报告》披露后，公司股票将被实施"退市风险警示"，未来存在被终止上市的可能性，敬请 广大投资者注意风险。 一、本期业绩预计情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1.预计净利润为负值： 2.预计期末净资产为负值： 二、与会计师事务所沟通情况 公司已就业绩预告有关事项与负责2025年审计工作的中瑞诚会计师事务所(特殊普通合伙)进行了充分沟 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002898 证券简称：*ST赛隆 公告编号：2026-007 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。 特别风险提示 1. 2026年1月30日，公司披露了《关于2025年度审计会计师事务所辞任的公告》（公告编号：2026- 006），因国府嘉盈会计师事务所（特殊普通合伙）（以下简称"国府嘉盈"）辞任公司2025年度财务报 表审计机构，为保证公司2025年度审计工作的正常开展，公司正积极与其他会计师事务所进行沟通，但 能否及时完成后任会计师事务所的聘任存在不确定性，公司将密切关注相关情况并根据进展及时履行信 息披露义务，敬请广大投资者充分注意投资风险。 2.本次业绩预告相关数据是公司财务部门初步测算的结果，由于国府嘉盈辞任公司2025年度财务报表审 计机构，因此本次业绩预告有关事项未经会计师事务所预审计，亦未与会计师事务所进行预沟通。由于 公司预计净利润为负值，若后续公司经审计的扣除后营业收入低于3亿元，或出现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等其他不能消除退市风 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000610 证券简称：西安旅游 公告编号：2026-05号 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 （一）业绩预告期间： 2025年1月1日至2025年12月31日。 （二） 业绩预告情况： 预计净利润为负值、预计期末净资产为负值 以区间数进行业绩预告的 单位：万元 二、与会计师事务所沟通情况 本次业绩预告相关财务数据是公司财务部门初步测算的结果，未经会计师事务所审计。但公司就本次业 绩预告相关事项与会计师事务所进行了预沟通，双方在业绩预告相关财务数据方面不存在分歧。 三、业绩变动原因说明 本报告期，公司业绩变动的主要原因为受消费降级影响，酒店板块入住率与平均房价同步下滑，收入规 模收缩；而酒店运营所产生的物业租金、水电费用、人力成本等固定成本具有刚性特征，无法随收入下 滑同步缩减，导致收入下滑不足以覆盖上述固定运营开支。同时，降本增效措施所产生的成效，未能有 效对冲收入端的降幅，叠加奥莱板块低效资产减值影响；同时，扎尕那项目销售价格未达预期，公司基 于谨慎性原则，对该 ...

Core Viewpoint - The company, Nanguo Real Estate Co., Ltd., anticipates 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. However, a significant asset restructuring completed in 2025 has led to an increase in capital reserves by approximately 3.7 billion yuan, resulting in a turnaround of the company's equity from negative to positive [1][3][16]. Financial Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025, with an expected negative net profit [1]. - The preliminary financial results are based on the company's financial department's initial calculations and have not been audited by the accounting firm [2]. Reasons for Performance Changes - On October 16, 2025, the company disclosed a major asset sale and related party transaction, transferring real estate development and leasing business assets and liabilities to a wholly-owned subsidiary of its controlling shareholder, China Power Construction Real Estate Group Co., Ltd., for 1 yuan. The assessed value of the transferred assets was approximately -2.93 billion yuan [3][10]. - The asset restructuring allows the company to focus on light asset urban operation businesses, transitioning towards becoming a comprehensive urban operation service provider [3][10]. - The completion of this transaction on December 3, 2025, resulted in a significant increase in capital reserves, positively impacting the equity attributable to shareholders [3][16]. Communication with Accounting Firm - The company has communicated with the accounting firm regarding the performance forecast, and there are no significant disagreements between the two parties [1].

Core Viewpoint - China High-Tech Group Co., Ltd. may face a delisting risk warning due to projected negative financial performance for the year 2025, including a net profit loss and revenue below 300 million yuan [2][3][9]. Group 1: Financial Performance Forecast - The company anticipates a total profit loss ranging from -152.91 million yuan to -127.43 million yuan for 2025 [9][11]. - The expected net profit attributable to the parent company is projected to be between -135.89 million yuan and -113.24 million yuan [9][11]. - Revenue is expected to be approximately 7.8 million yuan, significantly below the 300 million yuan threshold when excluding non-core business income [9][11]. Group 2: Reasons for Delisting Risk Warning - The anticipated negative financial results are primarily due to declines in the education and real estate sectors, leading to strategic adjustments in the company's operations [16][18]. - The online medical education business has seen a decrease in market share and revenue due to industry challenges and increased competition [18]. - The real estate operations have been adversely affected by tenant turnover and market conditions, resulting in lower rental income [19]. Group 3: Delisting Risk Warning Implementation - If the company's audited financial results confirm the projected losses and revenue shortfall, a delisting risk warning will be implemented following the disclosure of the 2025 annual report [4][5]. - The stock will be suspended from trading on the day the annual report is disclosed, with a warning label added to the stock name [4][5]. - The company plans to issue additional risk warning announcements prior to the annual report disclosure [5].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688622 证券简称：禾信仪器 公告编号：2026-001 广州禾信仪器股份有限公司 2025年年度业绩预亏公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重点内容提示： ● 经财务部门初步测算，广州禾信仪器股份有限公司（以下简称"公司"）预计2025年年度实现归属于母 公司所有者的净利润-8,900万元左右，与上年同期相比（法定披露数据），将减少4,300.91万元左右， 同比下降93.52%左右。 ● 公司预计2025年年度实现归属于母公司所有者扣除非经常性损益后的净利润-9,300万元左右，与上年 同期相比（法定披露数据），将减少2,990.04万元左右，同比下降47.39%左右。 ● 公司预计2025年年度实现营业收入9,700万元左右。与上年同期相比（法定披露数据），将减少 10,550.91万元左右，同比下降52.10%左右。扣除与主营业务无关的业务收入和不具备商业实质的收入 后的营业收入为9,000万元左右，低于1亿元。 ● 若 公司经审计的 ...

Core Viewpoint - Zhejiang Bangjie Holdings Group Co., Ltd. is at risk of being delisted due to negative net assets and negative net profits for the upcoming fiscal year, which may lead to the implementation of risk warnings on its stock trading [1][2][3]. Group 1: Financial Performance - The company estimates that by the end of 2025, the net assets attributable to shareholders will be between -900.1551 million and -600.1551 million (unaudited) [2]. - The projected net profit for 2025 is expected to be between -1.2 billion and -900 million, with the net profit after excluding non-recurring gains and losses estimated to be between -1.08 billion and -780 million [3][11]. - The company has reported negative net profits for the last three fiscal years, and the 2024 financial report included a significant uncertainty regarding its ability to continue as a going concern [3][11]. Group 2: Regulatory Compliance - According to the Shenzhen Stock Exchange's listing rules, if the company’s audited net assets are negative, it will face delisting risk warnings after the 2025 annual report is disclosed [1][4]. - The company is required to issue risk warning announcements if it anticipates conditions that may lead to delisting or other risk warnings, with specific timelines for disclosure [2][4]. Group 3: Operational Challenges - The company is facing significant operational challenges, primarily due to debt pressures from its photovoltaic subsidiary and production halts, leading to substantial fixed costs [11]. - The company is currently undergoing a pre-restructuring process, although it remains uncertain whether it will enter formal restructuring proceedings [5][15].

Core Viewpoint - Liyuan Co., Ltd. expects a significant decline in revenue and an increase in net loss for the fiscal year 2025 compared to the previous year [1] Financial Performance - The company anticipates revenue for 2025 to be between 230 million to 290 million yuan, down from 334 million yuan in the previous year [1] - The projected net loss for 2025 is estimated to be between 150 million to 230 million yuan, compared to a loss of 71.8 million yuan in the prior year [1] Risk of Delisting - If the audited total profit, net profit, or net profit after deducting non-recurring gains and losses for 2025 is negative, and the revenue after deduction is below 300 million yuan, the company's stock will face delisting risk warning after the 2025 annual report is disclosed [1]