Core Viewpoint - *ST Huike has been placed under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact its stock trading status and investor confidence [1][3]. Group 1: Company Overview - *ST Huike is one of the earliest companies in China to develop cash and heavy asset management solutions for the financial industry, utilizing IoT, AI, and dynamic password technologies to provide comprehensive "cloud + end" solutions [1]. - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in November 2016 [1]. Group 2: Financial Performance - For the fiscal year 2024, *ST Huike reported a total profit and net profit in negative territory, with revenue below 100 million yuan, leading to a risk warning for delisting [3]. - The company projected a net loss between 14.5 million yuan and 19.8 million yuan, with revised revenue estimates between 89.25 million yuan and 94.2 million yuan [4]. - The decline in performance is attributed to a decrease in sales volume due to procurement cycles and increased market competition, which has pressured product pricing [4]. Group 3: Stock Performance - Following a surge in stock price to a historical high of 68.54 yuan per share in December 2022, the stock has since declined to 13.18 yuan per share, with a current market capitalization of 4.324 billion yuan [1]. - The stock was subjected to "delisting risk warning" and "other risk warning" designations, changing its trading name to *ST Huike [3].