上海创兴资源2025年度报告编制及最新审计进展公告——影响投资者的关键信息

导读：
2026年3月17日，上海创兴资源开发股份有限公司（*ST创兴，证券代码：600193）发布了关于2025年度报告编制及审计进展情况的重要公告。公告内容对公司当前面临的退市风险、年度审计最新进展、与会计师事务所沟通情况、以及未来信息披露安排等方面进行了详尽说明。以下为适合投资者深入解读的详细内容。

一、关键信息与重大事项概述

• 退市风险警示已实施：因2024年度经审计净利润为负值，且剔除与主营业务无关及不具商业实质的收入后，营业收入低于3亿元，公司股票自2025年5月6日起已被实施退市风险警示。这一状况直接关系到公司的上市地位，极具价格敏感性。
• 2025年度财务状况尚不明朗：截至公告日，审计机构政旦志远（深圳）会计师事务所未能确认2025年扣除非主营业务收入后的营业收入是否超过3亿元，也无法判断公司是否能消除财务类退市风险指标。年度财报的最终审计意见将对公司股票后续走势产生重大影响。
• 审计程序进展：截至公告日，政旦志远已完成现场走访、现场盘点和大部分内控审计工作，审计函证、客户访谈等程序仍在进行中，并将继续聚焦于营业收入确认、应收账款减值、重点客户与供应商访谈等关键领域，以获取充分审计证据。
• 会计师事务所变更：2025年12月，公司董事会和股东大会通过变更会计师事务所，聘任政旦志远为2025年度审计机构，显示公司对财务信息披露及合规性的重视。
• 信息披露承诺：公司承诺将持续跟进年报编制及审计进展，及时在指定媒体和上交所网站履行信息披露义务。

二、投资者应重点关注的事项（极具价格敏感性）

• 退市风险依然存在：目前公司尚不能确定能否消除财务类退市风险。若2025年度扣除无关收入后的营业收入未达3亿元且净利润持续为负，公司存在继续被实施退市风险警示甚至终止上市的可能。
• 审计结果未出，信息高度不确定：政旦志远会计师事务所表示，最终的财务数据和审计意见类型以正式年度报告为准，现阶段尚未发现与公司在重大会计处理、关键审计事项、审计意见类型上存在重大分歧，但审计程序尚未结束，未来仍有变数。
• 最终财报披露时间：公司计划于2026年3月31日披露2025年度报告。投资者需密切关注该日期前后的公告动向，把握第一手信息。

三、详细披露内容

2025年12月，公司董事会与股东大会通过变更会计师事务所，正式聘请政旦志远（深圳）会计师事务所为2025年度财报及内控审计机构。2026年1月10日，政旦志远进驻公司开展审计，涵盖了现场走访、库存盘点、客户访谈、内控测试、底稿收集等多项工作。至今，现场作业和大部分内控审计已完成，但审计函证和客户访谈仍在进行中，后续将强化对营业收入的认定、应收账款减值测试及重点客户/供应商的核查，以确保审计证据的充分性和适当性。

2026年1月，公司公告了2025年业绩预告，并由政旦志远出具了业绩预告相关专项说明。会计师事务所对业绩预告事项与公司管理层进行了初步沟通，但尚不能确认2025年扣除无关收入后的营业收入超过3亿元，也不确定能否消除退市指标，最终以年度审计报告为准。

公司多次强调，所有关于退市风险、年报编制及审计进展的信息均以指定媒体及上海证券交易所网站公告为准，提醒投资者理性投资，注意相关风险。

四、对股价的潜在影响

本次公告明确提示：公司存在退市风险且2025年度财务状况不明，年度审计尚未完成，此类不确定性极易引发市场价格波动。若最终年报未能实现扭亏、营业收入未达3亿元，公司股票可能面临进一步下跌甚至终止上市的风险。投资者需高度重视本次公告内容，结合自身风险承受能力审慎决策。

五、后续关注事项

• 请密切关注公司2026年3月31日的年度报告正式披露。
• 关注审计机构最终意见及监管层对公司上市地位的后续处置。
• 建议投资者及时查阅公司在《上海证券报》《中国证券报》《证券日报》《证券时报》及上海证券交易所网站的公告，获取权威信息。

免责声明：本新闻仅供投资者参考，不构成具体投资建议。公司财务状况尚存在较大不确定性，投资者应结合自身风险承受能力，理性判断并独立作出投资决策。请以公司在指定信息披露媒体发布的正式公告为准。

English Version

Shanghai Chuangxing Resources 2025 Annual Report Preparation and Latest Audit Progress – Key Information for Investors

Summary:
On March 17, 2026, Shanghai Chuangxing Resources Development Co., Ltd. (*ST Chuangxing, stock code: 600193) released a crucial announcement regarding the preparation of its 2025 annual report and the progress of the audit. The announcement covers the company’s ongoing delisting risk, the latest audit developments, communications with the accounting firm, and future disclosure arrangements. Below is a detailed interpretation suitable for investors.

1. Key Points and Major Issues

• Delisting Risk Warning Enforced: Due to a negative net profit for 2024 and operating revenue (excluding non-main business and non-substantive income) below RMB 300 million, the company’s stock has been under delisting risk warning since May 6, 2025. This situation directly affects the company’s listing status and is highly price sensitive.
• Uncertainty in 2025 Financial Situation: As of the announcement date, the auditor (Zhengdan Zhiyuan, Shenzhen) cannot confirm whether the company’s 2025 operating revenue (after exclusions) will exceed RMB 300 million, nor whether the company is expected to eliminate the financial delisting risk. Final audit opinions will significantly influence the stock’s future performance.
• Audit Progress: The auditor has completed on-site visits, inventory counts, and most internal control auditing. Audit confirmations and client interviews are ongoing, with further work to focus on revenue recognition, impairment of receivables, and interviews with key customers and suppliers.
• Change of Auditor: In December 2025, the board and shareholders approved the appointment of Zhengdan Zhiyuan as the 2025 auditor, reflecting the company’s emphasis on financial transparency and compliance.
• Disclosure Commitment: The company commits to timely disclosures on designated media and the SSE website as the annual report preparation and audit progress.

2. Key Issues for Investors (Highly Price Sensitive)

• Delisting Risk Remains: It is still uncertain whether the company can eliminate the financial delisting risk. If 2025 revenue (after exclusions) stays below RMB 300 million and net profit remains negative, the risk of further delisting measures or even delisting is high.
• Audit Results Pending – High Uncertainty: The auditor notes that final figures and opinions will depend on the official annual report. No major differences have been found with the company so far, but the audit is not yet complete and changes may occur.
• Final Report Disclosure Date: The company plans to disclose the 2025 annual report on March 31, 2026. Investors should closely follow announcements around this date.

3. Detailed Disclosure

In December 2025, the board and shareholders approved the change of auditor to Zhengdan Zhiyuan (Shenzhen). On January 10, 2026, the audit team began on-site work, including inventory checks, client interviews, internal control testing, and gathering work papers. As of now, on-site and most internal control audits are complete, but audit confirmation and client interviews are ongoing. Further work will focus on revenue recognition, impairment testing, and checks on key clients and suppliers.

In January 2026, the company released a performance forecast for 2025, with the auditor providing a special explanation. Despite initial communication with management, the auditor still cannot confirm whether revenue exceeds RMB 300 million or if the delisting risk can be eliminated; the final conclusion will depend on the audited annual report.

The company stresses that all information should be based on official announcements in designated media and the Shanghai Stock Exchange website, reminding investors to be rational and aware of the risks.

4. Potential Impact on Share Price

This announcement clearly states that delisting risk persists and 2025 financials remain uncertain, with the audit unfinished. Such uncertainty can easily trigger price volatility. If the annual report fails to show a turnaround or revenue does not reach RMB 300 million, the stock could face further declines or even delisting. Investors are urged to pay close attention and assess their risk tolerance carefully.

5. Matters to Follow Up

• Pay close attention to the official 2025 annual report release on March 31, 2026.
• Monitor the auditor’s final opinion and how regulators handle the company’s listing status.
• Check official announcements in Shanghai Securities News, China Securities Journal, Securities Daily, Securities Times, and the SSE website for authoritative updates.

Disclaimer: This news report is for reference only and does not constitute investment advice. The company’s financial situation remains highly uncertain. Investors should make rational, independent decisions based on their risk tolerance and rely on official disclosures from the company’s designated media.

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