*ST返利网2025年年度报告编制及审计进展公告，退市风险警示最新说明

返利网数字科技股份有限公司2025年度报告编制及审计进展公告详细解读

公告要点

返利网数字科技股份有限公司（证券代码：600228，证券简称：*ST返利）公布了2025年度报告编制及审计进展。
公司2024年度净利润为负，且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于3亿元，触及上海证券交易所退市风险警示条件。
公司股票已被实施退市风险警示，并于2025年4月25日停牌。
截至公告披露日，2025年度报告的编制与审计工作正在积极推进，审计机构为上会会计师事务所（特殊普通合伙）。
目前未发现可能导致财务报告及内部控制报告被出具非标准审计意见的事项。
公司与审计机构在重大会计处理、关键审计事项、审计意见类型、审计报告出具时间等方面未出现重大分歧。
2026年1月31日，公司曾披露业绩预亏公告以及审计机构出具的专项说明，相关数据为初步核算，最终数据以正式经审计报告为准。

对股东和投资者的重要影响

退市风险警示：公司因2024年度业绩严重不达标，已被实施退市风险警示，这意味着公司面临被终止上市的风险，对股东权益和公司股票流动性构成重大影响。
停牌与后续审计进展：公司股票已停牌，后续能否恢复交易取决于年度报告审计结果及是否能消除退市风险。
财务状况不佳：公司2024年净利润为负，主营业务收入严重低于监管要求，资本市场信心受损，股价存在大幅波动的可能。
审计意见及分歧：公司与审计机构尚未出现重大分歧，暂未发现非标准审计意见风险，但需持续关注后续审计进展，若出现负面审计结果将进一步影响公司股价。
信息披露渠道：公司提醒投资者应以法定媒体及上海证券交易所网站公布的信息为准，避免听信市场谣言。

公告详细内容

返利网数字科技股份有限公司因2024年度净利润为负且扣除与主营业务无关收入后的营业收入低于3亿元，根据《上海证券交易所股票上市规则》被实施退市风险警示。公司股票已于2025年4月25日停牌，具体还需视年度报告最终审计结果而定。公司正在积极编制和审计2025年度报告，聘请的审计机构为上会会计师事务所，审计工作有序推进。到目前为止，公司未发现可能导致财务报告或内部控制报告被出具非标准审计意见的事项，也未与审计机构在重大会计处理、关键审计事项等方面出现重大分歧。

此前公司已披露2025年度业绩预亏公告及审计机构专项说明，相关数据仅为初步核算，最终以经审计年度报告为准。公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或重大遗漏，承担法律责任。

公司特别提醒，所有信息以《中国证券报》《上海证券报》《证券日报》《证券时报》及上海证券交易所网站公布为准，投资者需注意投资风险。

投资者应特别关注

公司已触及退市风险警示条件，股票已停牌，后续若不能消除退市风险，存在被终止上市的可能。
年度报告审计结果将直接影响公司能否恢复交易及未来发展。
如后续出现非标准审计意见、重大会计分歧或财务恶化，股价或将剧烈波动。
投资者需密切关注公司后续公告和审计进展，谨防投资风险。

免责声明

本文仅供投资者参考，不构成任何投资建议。股市有风险，投资需谨慎。请以公司法定公告及上海证券交易所网站披露的信息为准。

English Version

Detailed Analysis of Fanliwang Digital Technology Co., Ltd. 2025 Annual Report Preparation and Audit Progress Announcement

Key Points

Fanliwang Digital Technology Co., Ltd. (stock code: 600228, stock short name: *ST Fanli) released an update on the preparation and audit progress of its 2025 annual report.
The company reported a negative net profit for 2024, and after excluding non-core and non-substantive business income, its operating revenue was less than RMB 300 million, triggering the delisting risk warning by the Shanghai Stock Exchange.
The company’s shares have been subject to delisting risk warning and were suspended from trading on April 25, 2025.
As of the announcement date, the preparation and audit of the 2025 annual report is ongoing; the appointed auditor is Shanghai Hui Accounting Firm (Special General Partnership).
No issues have been identified that may lead to the financial or internal control reports being issued with non-standard audit opinions.
No major disagreements have occurred between the company and the auditor regarding significant accounting treatments, key audit matters, audit opinion types, or report issuance schedule.
On January 31, 2026, the company released a performance loss warning and the auditor’s special explanation; the relevant data are preliminary and subject to the final audited report.

Implications for Shareholders and Investors

Delisting Risk Warning: Due to severe underperformance in 2024, the company is at risk of delisting, which significantly affects shareholder rights and stock liquidity.
Trading Suspension & Audit Progress: Shares are suspended; future trading depends on audit results and whether the delisting risk can be eliminated.
Poor Financial Performance: Negative net profit and insufficient core revenue erode market confidence and may lead to sharp price fluctuations.
Audit Opinions & Disagreements: No major disagreements or risk of non-standard opinions so far, but investors should closely monitor subsequent audit progress as negative audit results could further impact the share price.
Disclosure Channels: Investors are reminded to rely on official media and the Shanghai Stock Exchange website for information, and not to trust market rumors.

Announcement Details

Fanliwang Digital Technology Co., Ltd. triggered delisting risk warning by the Shanghai Stock Exchange due to negative net profit and insufficient substantive revenue in 2024. The shares were suspended on April 25, 2025, pending the final annual audit outcome. The company is actively preparing and auditing the 2025 annual report with Shanghai Hui Accounting Firm. As of now, no issues have been found that would result in non-standard audit opinions or major disputes in accounting treatment, key audit matters, or audit opinion types.

Earlier, the company disclosed a performance loss warning and the auditor’s special explanation; all data are preliminary and subject to the final audited report. The board guarantees the announcement content is true, accurate, and complete, and assumes legal responsibility.

The company reminds investors that all information should be based on official media and the Shanghai Stock Exchange website, and to pay attention to investment risks.

Investor Focus

The company has hit delisting risk warning thresholds; shares are suspended. If the risk cannot be eliminated, delisting is possible.
The audit results of the annual report will directly affect the company’s trading resumption and future prospects.
Any negative audit opinions, major accounting disputes, or financial deterioration could cause significant share price volatility.
Investors should closely follow subsequent announcements and audit progress and be cautious of investment risks.

Disclaimer

This article is for reference only and does not constitute investment advice. The stock market is risky; please invest cautiously. Refer to the company’s official announcements and the Shanghai Stock Exchange website for definitive information.