He Xin Instrument: Revenue is expected to decrease by 52.10% in 2025, and the stock may be subject to delisting warnings.

Hega Instruments announced that it is expected to have a revenue of approximately 97 million yuan in 2025, a year-on-year decrease of 52.10%; a net loss attributable to shareholders of approximately -89 million yuan, a year-on-year decrease of 93.52%; a non-GAAP net profit of approximately -93 million yuan, a year-on-year decrease of 47.39%. After deducting unrelated income, the revenue is expected to be around 90 million yuan, less than 100 million yuan. If it meets the relevant conditions after auditing, the company's stock may be subject to delisting risk warning after the disclosure of the 2025 annual report. From January 31 to February 12, the company's stock price has risen by more than 50% in 9 consecutive trading days, deviating significantly from the fundamentals. In addition, there are uncertainties in the review of the issue of shares to purchase assets by the company.