Group 1 - The company, WanFang Urban Investment Development Co., Ltd., anticipates a significant loss for the fiscal year 2025, with projected revenue below 300 million yuan and both net profit and net profit after deducting non-recurring gains and losses expected to be negative, which may trigger delisting risks [3][4] - The company received a qualified audit opinion from Zhongxing Caiguanghua Accounting Firm regarding the recoverability of investments in Jilin WanFang Bai'ao Biotechnology Co., Ltd., indicating significant uncertainty that could lead to a qualified audit report for 2025 [4] - The company is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which could result in administrative penalties and potential forced delisting if deemed a major violation [5][6] Group 2 - The company has decided to terminate the disposal of the remaining 13.67% equity in Beijing Tianyuan Real Estate Development Co., Ltd., after previously agreeing to sell 100% of the equity for 90 million yuan, with payments structured over time [8][10] - As of January 13, 2026, the company has received a total of 77.7 million yuan from Beijing Baiyu Investment Co., Ltd., with 12.3 million yuan remaining unpaid, which will no longer be required following the termination of the agreement [11][12] - The company has made adjustments to its audit committee, replacing a member to enhance governance and ensure compliance with relevant regulations [19]

Core Points - *ST Hengli has filed a lawsuit against Shenzhen Xutai Accounting Firm for over 38 million yuan in damages due to the firm's failure to conduct the audit in a timely manner, which resulted in the company being unable to disclose its annual report on time [1][4] - The company has faced regulatory scrutiny and has received a notice of termination of listing from the Shenzhen Stock Exchange due to the delay in disclosing its annual report [5] Group 1: Legal Action - The lawsuit was initiated after *ST Hengli received a court notice acknowledging the case against Xutai Accounting Firm and its partners for infringement [1] - The company claims that the accounting firm did not follow the agreed timeline and procedures for the audit, leading to significant financial losses [1][4] - *ST Hengli alleges that the accounting firm exhibited negligence and unprofessional conduct, including the use of unqualified personnel for the audit [3] Group 2: Financial Impact - The delay in the annual report has resulted in a market value loss exceeding 38 million yuan as of April 30, 2025 [1][4] - The company reported a revenue of 70.06 million yuan for the first three quarters of 2024, marking an 18.31% year-on-year increase, but also a significant net loss of 16.21 million yuan [6] - The company anticipates a potential financial delisting scenario if the final annual report shows revenue below 300 million yuan [6] Group 3: Management Changes - Two senior executives have resigned from their positions, citing personal reasons, amidst the ongoing issues with the audit and financial reporting [6] - The company’s main business operations are divided among three subsidiaries, focusing on automotive parts, investment, and trade [6]