ST Huapeng: Abnormal fluctuations in stock price, expected performance losses in 2025 or may face delisting warning.

ST Huapeng announced that the company's stock had deviated by more than 12% from the closing price on February 13, 24, and 25, 2026, for three consecutive trading days, which was considered abnormal volatility. The performance forecast on January 24, 2026, showed an estimated net profit for 2025 ranging from -263 million yuan to -194 million yuan, and the net assets at the end of the period were estimated to be between -208 million yuan and -139 million yuan. It was calculated that the net assets at the end of 2025 would be negative, and the company's stock might face delisting risk warning by the Shenzhen Stock Exchange after the disclosure of the 2025 annual report. The company's self-examination did not reveal any significant issues, but investors were reminded to pay attention to the risks.