ST Spring: Large fluctuations in stock prices, indicating risks in trading, delisting and pledged shares.

ST Spring announced that the company's stock had hit the daily limit up on January 14th and 15th, 2026, with significant volatility after excluding market factors. Investors were reminded to pay attention to trading risks. The company's revenue in the first three quarters of 2025 was 212,530,300 yuan, with a net profit of -2,831,700 yuan and a non-GAAP net profit of -5,890,400 yuan. If the revenue for the year 2025 is less than 300 million yuan and the profit indicators do not meet standards, the stock will be delisted. In addition, the controlling shareholder, Tibet Rong'en Technology, has pledged a cumulative 113.62 million shares, accounting for 60.24% of its holdings; the controlling shareholder and its concerted parties have pledged a total of 143.76 million shares, accounting for 58.59% of its holdings, with a relatively high pledge ratio.