*ST万方在7月21日晚最新公告中表示，本次司法拍卖事项因北京市三中院法官未移交股权的处置权而 被撤回，但相关股份未来仍存在被重新拍卖的风险。截至公告披露日，本次拍卖撤回事项未对公司的日 常经营产生重大影响，目前公司经营正常。公司董事会及管理层将一如既往地做好本职工作，全力维护 好公司的正常生产经营，确保公司各项业务有序推进，最大程度降低外部因素对公司运营带来的潜在干 扰。 值得一提的是，万方源此前分别于2021年8月26日和2021年8月31日与惠德实业签订了《表决权委托协 议》及《表决权委托协议之补充协议》，根据协议，万方源将持有的公司股份8044.4万股(占公司总股 本的25.83%)对应的表决权无条件且不可撤销地全部委托惠德实业行使，委托期限为协议生效之日起五 年。就此，惠德实业成为公司的控股股东，白山市江源区财政局成为公司实际控制人。若上述股份被重 新拍卖并全部成交，万方源将失去公司大股东身份，相应的，上述表决权委托将由于万方源失权而自动 失效，公司控股股东、实际控制人可能发生变更或无实际控制人。 *ST万方预计2025年上半年净利润亏损450万元—650万元，扣非净利润亏损500万元—700万元， ...

Core Viewpoint - *ST WanFang is facing significant changes in its ownership structure due to a court-ordered auction of shares held by its major shareholder, WanFang Yuan, which may lead to a loss of control and potential changes in actual control of the company [1][2][3] Group 1: Company Ownership and Control - The Changchun Intermediate Court will auction 90.86 million shares held by WanFang Yuan, representing 29.18% of the total share capital of *ST WanFang, on July 22-23, 2025 [1] - Following the auction, WanFang Yuan will lose its status as the largest shareholder, which raises the risk of changes in the controlling shareholder or the absence of an actual controller [1][3] - WanFang Yuan previously delegated voting rights for 80.44 million shares (25.83% of total shares) to Huide Industrial, making it the controlling shareholder, but this delegation will automatically become invalid if WanFang Yuan loses its shares [3] Group 2: Financial Performance - In 2024, *ST WanFang reported revenue of 391 million yuan, a 133.70% increase year-on-year, with a net profit attributable to shareholders of 10.65 million yuan, marking a turnaround from losses [1] - The company’s net profit after deducting non-recurring items was -4.60 million yuan, indicating a reduction in losses compared to the previous year [1] - The financial indicators have triggered a delisting risk warning under the Shenzhen Stock Exchange rules, as the company’s net profit and revenue metrics fell below specified thresholds [2]