ST Wanfang: Poor performance in 2025, stock may be delisted.
Statement by ST Wanfang announced that the company will be subject to delisting risk warning starting from April 30, 2025. The performance forecast for 2025 shows an expected revenue of 200 million to 250 million yuan, deducted revenue of 150 million to 200 million yuan, and a net loss of 35 million to 50 million yuan. The audit is still ongoing, and currently there is no significant inconsistency between the evidence and the performance forecast. The financial report for the year 2024 received a qualified opinion, and this risk still exists for the year 2025. Additionally, the company is under investigation for suspected violations of disclosure regulations, and if it involves serious violations leading to mandatory delisting, the stock may be delisted forcibly.
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