*ST亚振公告称，公司股票于2026年2月12日、13日、24日连续三个交易日内日收盘价格涨幅偏离值累 计达12%，属异常波动。公司预计2025年营收5.5亿-6.4亿元，利润总额-2250万至-1500万元，净利 润-4500万至-3000万元。若2025年度经审计的扣非净利润为负，且扣除无关收入后的营收低于3亿元， 公司股票将面临终止上市风险。此外，控股股东暂无改变主营业务等计划。 ...

*ST国华公告称，2026年2月13日，公司股票日均换手率与前5个交易日日均换手率比值达55.88倍，累计 换手率达22.56%，属异常波动。公司核实，未发现公共传媒报道未公开重大信息，生产经营正常，内 外部环境无重大变化，控股股东等无应披露而未披露事项，异常波动期间未买卖公司股票。此外，2025 年度业绩预告未经审计，若相关指标触及规定情形，公司股票将被终止上市。 ...

*ST海华2月9日公告，经公司财务部门初步测算，预计2025年度实现归属于母公司所有者净利润 为-7,000万元左右，归属于母公司所有者扣除非经常性损益后的净利润为-7,500万元左右。预计2025年 度实现营业收入为3.36亿元左右，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3.3亿元左右。公司存在终止上市风险。后续不排除由于审计调整、收入确认复核、资产减值测试 等事项，可能导致公司2025年度经审计的利润总额、净利润、归属于母公司所有者的扣除非经常性损益 的净利润为负，且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低于3亿元， 或存在其他不能消除退市风险警示的情况，公司股票将被终止上市。 ...

Core Viewpoint - The company *ST Haihua has experienced significant stock price volatility, with a cumulative decline exceeding 12% over three consecutive trading days, indicating abnormal fluctuations [1] Group 1: Stock Performance - The stock price of *ST Haihua fell sharply on January 30, February 2, and February 3, 2026, with a cumulative drop exceeding 12% [1] - The abnormal price movement has raised concerns regarding the company's financial stability and future performance [1] Group 2: Audit and Financial Risks - On January 28, 2026, Pengsheng resigned as the auditing firm for the fiscal year 2025, without providing a special statement regarding the company's financial situation related to the performance forecast [1] - There is a potential risk that the audited profit for the fiscal year 2025 may turn negative due to possible audit adjustments, with revenue expected to fall below 300 million [1] - The company faces a risk of delisting if the financial situation does not improve, as it may not meet the required revenue thresholds [1] Group 3: Shareholder Information - The controlling shareholder and actual controller have not disclosed any undisclosed information during the period of stock volatility and have not traded the company's shares [1]

Core Viewpoint - The company, Zhengping Co., announced a stock price increase of 121.56% from September 2025 to January 23, 2026, with multiple instances of abnormal fluctuations during this period [1] Financial Performance - The company's revenue for 2024 was 1.362 billion yuan, with a net profit attributable to shareholders of -484 million yuan [1] - For the first three quarters of 2025, the company reported a revenue of 652 million yuan and a net profit attributable to shareholders of -99 million yuan [1] Risk Factors - The company's fundamentals remain unchanged, but the stock price volatility has accumulated significant trading risks [1] - There is a possibility that the company may face delisting due to negative audited net assets attributable to shareholders in 2025, resulting from asset impairment and other issues [1] - The pre-restructuring debt claims are partially submitted, and some subsidiaries are not included, which may complicate the resolution of matters related to the non-standard opinion for 2024 [1]

Core Viewpoint - The company, Zhengping Co., announced a significant stock price increase of 111.15% from September 2025 to January 22, 2026, accompanied by high volatility and multiple instances of abnormal fluctuations, despite no changes in the company's fundamentals [1] Financial Performance - The company's revenue for 2024 is reported at 1.362 billion yuan, with a net profit attributable to shareholders of -484 million yuan [1] - For the first three quarters of 2025, the company generated revenue of 652 million yuan, with a net profit attributable to shareholders of -99 million yuan [1] Risks and Uncertainties - There is high trading risk due to the stock's volatility, and the company faces uncertainties regarding the declaration of pre-restructuring debts, which may complicate the resolution of issues related to non-standard opinions [1] - The company may report a negative net asset value attributable to shareholders for the fiscal year 2025, posing a risk of delisting [1] - Additional risks include insufficient mining capacity and the freezing of mining rights [1]

Core Viewpoint - The company has experienced a significant stock price increase of 126.77% from September 2025 to January 15, 2026, but is currently facing high trading risks due to alternating price fluctuations of limit up and limit down [1] Financial Performance - For the year 2024, the company reported a revenue of 1.362 billion and a net profit attributable to shareholders of -484 million [1] - In the first three quarters of 2025, the company generated a revenue of 652 million with a net profit attributable to shareholders of -99 million [1] - As of the end of Q3 2025, the company's net assets attributable to shareholders stood at 280 million, with a potential risk of negative net assets by the end of 2025 due to asset impairment [1] Corporate Actions - The company is undergoing a pre-restructuring debt claim process, which is partially submitted, and some subsidiaries are not included, potentially complicating the elimination of non-standard audit opinions [1]

Core Viewpoint - *ST Rock has experienced significant stock price volatility, with multiple consecutive trading halts in 2025, and has previously disclosed abnormal fluctuations and clarifications [1] Financial Performance - For the first three quarters of 2025, the company reported revenue of 34.76 million yuan and a net loss of 111.89 million yuan [1] - If the audited financial indicators for 2025 do not meet standards or if a non-standard opinion is issued on the financial report, the company's stock will be delisted [1] Shareholder and Management Issues - The shares of the controlling shareholder have been completely frozen by judicial measures, and the actual controller, Han Xiao, has been subjected to criminal coercive measures [1]

Core Viewpoint - *ST Chuangxing (600193.SH) announced significant stock price volatility and the risk of being delisted due to negative financial performance in 2024 [1] Financial Performance - The audited profit total, net profit, and net profit after deducting non-recurring gains and losses for 2024 are all negative [1] - The company's operating revenue is below 300 million [1] Audit and Control - As of now, the company has not appointed an auditing firm for the 2025 annual report and internal control [1] Accounts Receivable - There are delays in the collection of certain receivables, posing a risk of not being fully recoverable [1] - If the provision for credit impairment on accounts receivable is excessively high, it may lead to negative net assets, triggering delisting risks [1]

Core Viewpoint - The company, Jiangxi Mubang High-tech Co., Ltd., has experienced a significant stock price increase of 35.57% since October 30, 2025, with seven trading days hitting the daily limit, which raises concerns about the sustainability of this rise given the underlying fundamentals [1][2]. Group 1: Stock Performance and Risks - The company's stock price has surged significantly, with a cumulative increase of 35.57% since October 30, 2025, including seven trading days of hitting the daily limit [1]. - The company has warned investors about the risks associated with the rapid stock price increase, indicating a potential disconnect from its fundamental performance [1][2]. Group 2: Restructuring Uncertainty - There is a major uncertainty regarding the company's ability to enter the restructuring process by December 31, 2025, as it is currently addressing issues related to fund occupation by its controlling shareholders [2][3]. - The company is actively working to resolve the fund occupation issues but has not confirmed whether it will successfully enter pre-restructuring or restructuring procedures [2][3]. Group 3: Listing Risks - The company faces the risk of delisting due to a negative net profit for the fiscal year 2024 and insufficient operating revenue, which is projected to be below 300 million yuan [2]. - The company reported a revenue of 226.82 million yuan and a net loss of 355.72 million yuan for the first nine months of 2025, which could lead to delisting if certain financial thresholds are not met [2]. Group 4: Investigation Status - The company and its actual controller are currently under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations related to financial data misrepresentation [3]. - The actual controller, Mr. Liao Zhiyuan, is also under investigation for failing to disclose non-operational fund transactions as required [3]. Group 5: Fund Occupation Issues - The company has outstanding fund occupation issues, with significant amounts provided to controlling shareholders and related parties, which have not been repaid [4][5]. - As of the end of June 2025, the controlling shareholder had a non-operational fund occupation balance of 46.06 million yuan, and other related parties had a balance of 35.26 million yuan [5].