ST Wanfang: Stock price fluctuates abnormally, indicating financial and illegal risk of delisting.

ST Wanfang announced that the company's stock has experienced a cumulative deviation of 13.31% in closing prices over three consecutive trading days, which is considered abnormal fluctuation. The company expects a revenue of 200-250 million yuan for the year 2025, with a post-deduction revenue of 150-200 million yuan. Both the total profit and net profit are expected to be negative, with revenue falling below 300 million yuan, which may lead to a potential situation of financial delisting. In July 2025, the company is being investigated by the China Securities Regulatory Commission. If subsequent administrative penalties are imposed and certain conditions are met, the company may face mandatory delisting for serious violations. Furthermore, there is still a risk of an auditor's qualified opinion in the 2025 audit report, which could ultimately lead to the delisting of the stock.