Shanghai Broadband Technology: Warning of the Risks of Stock Trading, Failure to Meet Revenue Targets may Lead to Delisting.

Shanghai Broadband Technology announced that the company was filed by the Securities and Exchange Commission on December 12, 2025 for suspected violations of information disclosure; the revenue in 2024 was 17.2267 million yuan, with a net loss of 5.6828 million yuan, revenue in the first three quarters of 2025 was 5.4403 million yuan, with a net profit of 1.062 million yuan. If the total annual profit, net profit, or non-recurring net profit in 2025 is negative and revenue is less than 300 million yuan, the stock will be delisted. Provisions for bad debts of prepayments to Hong Kong Petrochemicals have been made at 89.9%, with only 5.5% or 1.872 million Hong Kong dollars received as repayment, which may cause further impairments and lead to delisting of stocks. In addition, the issue of funds misappropriated by the original controlling shareholder has not been resolved, and there are other risk warning situations.