ST Spring: Large stock price fluctuations, indicating trading and delisting risk.

ST Spring announced that as of the close of trading on February 6th, the company's stock price had significant fluctuations after excluding overall market factors. From January 30th to February 3rd, 2026, the company's stock price deviated by a cumulative 12% for three consecutive days. The company was issued a delisting risk warning on April 30th, 2025, and is expected to incur a loss for the year 2025, with revenue ranging from 3.43 to 3.71 billion yuan, non-GAAP revenue ranging from 3.38 to 3.67 billion yuan. However, the auditing firm is unable to confirm whether their non-GAAP revenue exceeds 3 billion yuan or meets the criteria for avoiding delisting. The prepaid investment funds to Yibin Tinghua have been transferred to loans, and if there is no progress in recovery, the audit will be unable to express an opinion, and the company's stock may be delisted.