ST Haixin: Stocks may be delisted, fourth risk warning disclosed

ST Haichin announced that the company's non-GAAP net profit for the 2024 fiscal year was negative, revenue after deducting related income was less than 3 billion yuan, year-end net assets were negative, and the stock was subject to delisting risk warning starting from April 29, 2025. On February 27, 2026, the company received a "Administrative Penalty Advance Notice" from the Fujian regulatory authority, and the stock was subject to additional risk warnings starting from March 2nd. If the relevant financial indicators for the 2025 fiscal year trigger another mandatory delisting situation, the company's stock may be terminated. The company expects a net profit of 28-42 million yuan and revenue of 1.45-1.85 billion yuan for 2025, and is currently engaged in annual report preparation and auditing work.