ST jewel in: Risks such as stock price volatility, loss of performance, and multiple lawsuits.

ST Zhongzhu announced that the company's stock price has recently fluctuated significantly, prompting multiple risks. On November 11, 2025, major shareholders Yunying Capital and Zheng Zixian, who hold more than 5% of the shares, plan to transfer their shares to Meihua Investment for a total price of 403 million yuan. In the first three quarters of 2025, the company's revenue was 433 million yuan, with a net loss of 33.7854 million yuan. The non-deductible net profit for the past three years has been negative. In addition, the company's subsidiaries are involved in several major lawsuits with large amounts involved; the performance guarantee compensation party has declared bankruptcy and liquidated, with the company holding debt rights of 313 million yuan and having recovered 4.0405 million yuan. Zhongzhu Group and its affiliates have occupied funds of 568 million yuan, and the company has begun to recover them, but not all have been recovered, and the stock continues to be subject to other risk warnings.