ST景谷退市保卫战，已然进入倒计时。 3月3日，ST景谷发布第二次"退市风险警示"公告。经公司财务部门初步测算，2025年，ST景谷预计利润总额为-4亿元到-3.45亿元。 ST景谷挣扎于亏损困境已有年头。2022年9月，已经持续亏损两年多的ST景谷，决定出资超2亿元收购汇银木业51%股权。这起重大资产重组于2023年2月正 式完成，那一年，汇银木业兑现了业绩承诺，ST景谷也顺利扭亏。 然而好景不长，随着汇银木业陷入亏损，对ST景谷的整体经营发展造成了拖累。如今，汇银木业这个"烫手山芋"已被ST景谷的控股股东周大福投资接盘， 另外，周大福投资还无偿赠与上市公司一份新资产。 由于自身"造血"堪忧，2026年，ST景谷若无法在营收规模与盈利能力上实现实质性突破，等待它的无疑将是终止上市。 营收不足3亿元，游走在退市边缘 过去一年，ST景谷仍未走出亏损。 2025年，ST景谷预计营业收入为1.75亿元到2.05亿元；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1.45亿元到1.65亿元，低于3 亿元。 经公司财务部门初步测算，2025年，ST景谷预计利润总额为-4亿元到-3.45亿元；归属于母公 ...

Group 1 - The core point of the article is that Yong'an Forestry (SZ 000663) held its 20th meeting of the 10th board of directors on October 29, 2025, to review the proposal for the company's Q3 2025 report [1] - For the first half of 2025, Yong'an Forestry's revenue composition was as follows: 89.52% from engineered wood manufacturing, 5.26% from forestry, and 5.23% from other businesses [1] - As of the report, Yong'an Forestry has a market capitalization of 2.4 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market transformation [1] - A new "slow bull" market pattern is emerging, indicating a shift in market dynamics [1]