ST Yazhen's stock has experienced abnormal fluctuations, multiple risks are being pointed out to investors, caution is advised.

From September 17th to 19th, 2025, the closing prices of *ST Yazhen stocks deviated by a cumulative 12% over three consecutive trading days, indicating abnormal fluctuations. The company's production and operation are currently normal, having completed the acquisition of 51% equity of Guangxi Zirconium Industry. However, the company faces multiple risks, with a net loss in the first half of 2025 and the stock already under delisting risk warning. If the relevant indicators do not meet standards after auditing for the full year of 2025, the company may face the risk of delisting. At the same time, there are uncertainties in the integration and operation of its subsidiary, Guangxi Zirconium Industry. The company's rolling price-earnings ratio is negative, and its price-to-book ratio is significantly higher than the industry average, resulting in significant short-term stock price fluctuations. The company reminds investors to make rational decisions and be aware of investment risks.