ST Zhongdi: Stock price abnormally fluctuating, indicating multiple operational and delisting risks.

ST Zhongdi announced that the company's stock experienced abnormal fluctuations, with the closing price deviating by a cumulative total of 18.07% for three consecutive trading days from November 18 to 20, 2025. The controlling ownership of the company has been changed, with Shenzhen Tianwei Investment Partnership Enterprise becoming the controlling shareholder and Men Hongda and Zhang Wei becoming the actual controllers. In the first three quarters of 2025, the company's revenue was 134.7122 million yuan, a year-on-year decrease of 52.64%; the total profit was -151.0695 million yuan, a year-on-year decrease of 41.83%; and the non-recurring net profit was -132.3492 million yuan, a year-on-year decrease of 34.12%. The company warns investors of risks such as stock price deviating from fundamentals, poor performance, debt default, and guarantee litigation, and advises them to make decisions cautiously.