Core Points - Shandong Huapeng announced that its stock may be subject to other risk warnings by the Shanghai Stock Exchange due to significant uncertainties regarding its ability to continue as a going concern [1][2] - The company reported a cumulative undistributed profit of -900 million yuan and a net profit attributable to the parent company of -147 million yuan for the fiscal year 2024 [1] - The asset-liability ratio stands at 97.47%, indicating a high level of debt relative to assets [1] - As of the report date, the company and its subsidiaries have overdue interest-bearing debt principal of approximately 791 million yuan, with related interest and penalties amounting to about 86 million yuan [1] - The management has proposed improvement measures, but their implementation remains highly uncertain [1] Regulatory Implications - If the audit firm issues a report with a significant uncertainty paragraph regarding the company's ability to continue as a going concern, the stock will be subject to other risk warnings and will be suspended from trading on the disclosure date of the 2024 annual report [2] - The Shanghai Stock Exchange will implement other risk warnings within five trading days after the suspension of the stock [2] - The company will announce the risk warning one trading day prior to its implementation, and the stock will resume trading the day after the announcement [2]