Shanghai Kuandian: Poor revenue coupled with multiple risks may lead to the stock being delisted.

Shanghai Broadband announced that the company is under investigation by the Securities Regulatory Commission for suspected violations of disclosure laws and regulations. In 2024, the company's revenue was 17.2267 million yuan, with a net loss of 5.6828 million yuan. In 2025, the company was issued a delisting risk warning. In the first three quarters of 2025, the company's revenue was 5.4403 million yuan, with a net profit of 1.0620 million yuan. If the company's annual profit for 2025 is negative and revenue is less than 300 million yuan, the stock will be delisted. In addition, the bad debt provision for prepayment of Hong Kong Petrochemical's payment has been made at 89.9%, with only 5.5% of the 18.720 million Hong Kong dollars received in repayment, and further impairment may be required. Meanwhile, the situation of former controlling shareholder's funds being illegally occupied has not been resolved, and there are other risk warning situations for the stock.