浙江铖昌科技股份有限公司股票终止上市风险提示公告深度解读

公告要点概览

• 公司股票已连续四次发布可能被终止上市的风险提示公告。
• 2024年度经审计净利润为负值，且扣除后营业收入低于3亿元，触及深交所退市风险警示标准。
• 若2025年度持续出现相关情形，股票将被终止上市。
• 公司已于2025年4月24日被实施退市风险警示，并多次按规定披露风险提示。
• 公司2025年度业绩预告显示净利润和营业收入有望恢复，但数据未经审计，存在不确定性。

对投资者和股东的重要影响

• 股票存在被终止上市的重大风险：公司若2025年度依然符合退市风险警示标准，股票将被终止上市，投资者需高度警惕。
• 业绩预告显示有望扭亏为盈：公司初步预计2025年年度扣除后营业收入为3.8亿至4.35亿元，净利润为9500万至1.24亿元，扣除非经常性损益后的净利润为8900万至1.15亿元，净资产为14.52亿至15.41亿元。若最终审计确认业绩预告数据，公司有望撤销退市风险警示。
• 业绩预告尚未审计，存在不确定性：上述业绩预告仅为财务初步测算，未经过会计师事务所审计，最终数据以年度报告为准，投资者需关注后续公告。
• 信息披露渠道：公司所有公告以《证券时报》《证券日报》《经济参考报》和巨潮资讯网为准，投资者需关注正规渠道信息变化。

市场表现与风险提示

当前，浙江铖昌科技股份有限公司（*ST铖昌）股票交易已被实施退市风险警示，市场对公司能否扭亏为盈、恢复上市资格高度关注。若公司2025年度业绩未能达到深交所规定标准，股票将被终止上市，这将直接影响股东权益和股票流动性。反之，若业绩预告最终被审计确认，公司有望撤销退市风险警示，股价或将出现正面反应。投资者需高度关注公司后续披露的年度报告和相关公告，谨慎决策。

具体风险事项

• 触及《深圳证券交易所股票上市规则》第9.3.1条第一款第（一）项：经审计净利润为负值且扣除后营业收入低于3亿元。
• 2025年度若出现以下情形之一，将被终止上市：
  • 经审计利润总额、净利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后营业收入低于3亿元。
  • 经审计期末净资产为负值。
  • 财务报告被出具保留意见、否定意见或无法表示意见的审计报告。
  • 追溯重述后利润总额等指标依然为负值且营业收入低于3亿元。
  • 财务报告内部控制被出具否定意见或无法表示意见。
  • 未按规定披露内部控制审计报告等。

投资者建议

投资者需理性投资，关注后续正式年度报告披露情况。公司能否顺利撤销风险警示，取决于2025年度经审计后的业绩表现。若最终数据与业绩预告一致，公司股票有望恢复正常交易，反之则有极大可能被终止上市。请投资者密切关注官方公告，及时调整投资策略。

免责声明

本文章仅供参考，不构成任何投资建议。相关内容基于公司公告与初步业绩预告，最终以公司正式披露的年度报告为准。投资者需自行评估风险，谨慎决策。

English Version

In-depth Analysis: Zhejiang Chengchang Technology Co., Ltd. Risk Announcement on Stock Delisting

Key Points Overview

• The company has issued its fourth risk warning regarding possible stock delisting.
• The audited net profit for 2024 was negative and post-adjustment revenue was below RMB 300 million, triggering Shenzhen Stock Exchange’s delisting risk warning criteria.
• If the company continues to meet these criteria in 2025, the stock will face termination of listing.
• Delisting risk warning has been in effect since April 24, 2025, with multiple risk announcements disclosed as required.
• 2025 preliminary earnings forecast shows possible recovery, but the data is unaudited and uncertain.

Important Notes for Shareholders and Potential Price-sensitive Information

• Major risk of stock delisting: If the company continues to meet delisting risk warning criteria in 2025, the stock will be terminated from listing. This is highly price-sensitive and impacts investor interests.
• Preliminary earnings forecast shows potential turnaround: The company expects 2025 revenue to reach RMB 380–435 million, net profit RMB 95–124 million, adjusted net profit RMB 89–115 million, and net assets RMB 1.45–1.54 billion. If audited, these numbers may allow removal of delisting risk warning.
• Forecast is unaudited and uncertain: The above preliminary numbers are not audited and subject to change. Investors should await the formal annual report.
• Information disclosure channels: All official announcements are published in selected media and on cninfo.com.cn. Investors should rely on these channels for updates.

Market Impact and Risk Reminder

Zhejiang Chengchang Technology Co., Ltd. (*ST Chengchang) is under delisting risk warning, and whether it can return to profitability and satisfy listing criteria is closely watched by the market. If 2025 audited results fail regulatory standards, shares will be delisted, affecting shareholder rights and liquidity. If the forecast is confirmed, positive price movement may occur. Investors should pay close attention to subsequent formal disclosures and make cautious decisions.

Specific Risk Factors

• Triggered SZSE Listing Rule 9.3.1 (1): Negative net profit and adjusted revenue below RMB 300 million.
• Delisting in 2025 will occur if any of the following:
  • Audited net profit, total profit, or adjusted net profit (whichever is lowest) is negative and adjusted revenue below RMB 300 million.
  • Audited ending net assets are negative.
  • Auditor issues a qualified, adverse, or disclaimer opinion.
  • Restated figures remain negative with revenue below RMB 300 million.
  • Internal control report is adverse or disclaimer opinion.
  • Failure to disclose internal control audit report, etc.

Investment Advice

Investors should act rationally and pay close attention to subsequent audited annual report releases. Whether the company successfully removes the delisting risk warning depends on 2025 audited performance. If results match the forecast, normal trading may resume; otherwise, delisting is highly possible. Please closely follow official disclosures and adjust your investment strategies promptly.

Disclaimer

This article is for reference only and does not constitute investment advice. Details are based on company announcements and preliminary earnings forecasts; final results are subject to official audited annual reports. Investors must evaluate risks independently and make cautious decisions.

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