ST Yuan Cheng warns of multiple risks, caution is needed in stock investments.

On September 17, 2025, *ST Yuancheng issued a stock trading risk warning announcement. The company faces the risk of major illegal delisting, as it was filed for allegedly false financial data disclosure on July 1. The company's half-year revenue for 2025 was 82,339,300 yuan, with a net loss of 126,795,000 yuan, posing a risk of financial delisting. In addition, the company's ongoing business capabilities are questionable, with 172 million yuan of idle raised funds overdue for repayment, facing challenges in liquidity, and with a high proportion of pledged and frozen shares by the controlling shareholder and its concerted actor. At the same time, multiple stock judicial auctions have failed or are pending, and the delivery of Silicon Electronics' equity transfer is also uncertain. The company reminds investors to be aware of investment risks.