云南交投生态科技股份有限公司发布2025年年度报告编制及审计进展公告，持续经营能力大幅提升

【要点摘要】
云南交投生态科技股份有限公司（以下简称“公司”，证券代码：002200，证券简称：*ST 交投）于2026年3月14日发布了关于2025年年度报告编制及审计进展情况的公告。公告详细披露了公司在2024年年度审计结果、司法重整进展、2025年业绩预告及退市风险等关键事项。以下为投资者关心的主要内容及潜在影响：

一、2024年年度审计报告事项及影响消除进展

• 2024年末，公司归属于上市公司股东的净资产为-4,275.16万元，已为负值，并连续三年扣非后归母净利润为负。因此，2025年4月18日起公司股票被实施“退市风险警示”。
• 审计机构中审众环会计师事务所（特殊普通合伙）为公司2024年度财务报告出具了带有“持续经营重大不确定性段落”的无保留意见审计报告。
• 2025年，公司积极推进司法重整，主要措施包括：化解债务风险、剥离长期亏损资产、优化资产负债结构，从而提升持续经营及盈利能力。
• 2025年12月24日，公司向重整管理人报送了《重整计划执行情况报告》，12月25日管理人向法院提交监督报告，北京市炜衡（昆明）律师事务所出具的法律意见书认为重整计划已执行完毕，标志着公司司法重整顺利结束。

二、2025年业绩预告与资产结构改善

• 公司于2026年1月29日披露2025年度业绩预告：预计2025年末归属于上市公司股东的净资产将提升至12亿元至14亿元，显示资产负债结构已获得明显改善，持续经营能力显著提升。
• 截至公告披露日，2025年年度审计工作尚未最终完成，相关事项的具体影响以最终审计报告为准。

三、2025年年度报告编制及审计进度

• 审计机构自2025年11月进场开展年度审计，公司董事会、管理层与审计机构就相关计划、范围、关键事项和时间安排进行了充分沟通。
• 截至公告日，年报编制工作正在有序推进，审计工作已基本完成，双方在重大会计处理及关键事项上无重大分歧。
• 2025年年度报告预约披露日期为2026年3月28日。

四、退市风险及信息披露提醒

• 因2024年度经审计的净资产为负，公司股票自2025年4月18日起已实施“退市风险警示”。若2025年经审计财务数据仍触及《深圳证券交易所股票上市规则》第9.3.12条，公司股票将有终止上市的风险。
• 公司将严格按照规定及时履行信息披露义务，投资者应以指定信息披露媒体为准，包括《中国证券报》《上海证券报》《证券日报》《证券时报》和巨潮资讯网。

【投资者需重点关注】

1. 资产负债结构大幅改善、净资产预期正向转变： 公司预计2025年末净资产由负转正至12-14亿元，标志着公司财务状况发生根本性好转，极大降低退市风险，对股价构成重大利好。
2. 司法重整顺利完成： 重整计划顺利执行完毕，公司剥离了亏损资产，整体经营质量提升，有望恢复市场信心。
3. 退市风险警示尚未完全解除： 若2025年财务数据未达标，公司股票仍有终止上市风险，投资者应持续关注后续审计结果和正式年报披露。
4. 年报披露在即： 2026年3月28日将披露2025年年度报告，投资者应密切关注正式年报及审计结果，以判断公司后续发展及投资价值。

综上所述， 本次公告显示公司经营状况发生积极变化，但退市风险尚未完全解除，相关信息对公司股价具有显著影响，建议投资者保持关注。

免责声明：
本文为信息解读，不构成任何投资建议。投资者据此操作，风险自负。公司相关信息以官方指定披露媒体为准。

English Version

Yunnan Jiaotou Ecological & Technology Co., Ltd. – 2025 Annual Report and Audit Progress Update: Key Takeaways for Investors

Key Highlights
Yunnan Jiaotou Ecological & Technology Co., Ltd. (stock code: 002200, short name: *ST Jiaotou) released a progress announcement on March 14, 2026, regarding the preparation and audit of the 2025 annual report. The announcement covers the 2024 audit results, court-led restructuring progress, 2025 earnings forecast, and delisting risks. Main points for investors:

1. 2024 Audit Issues and Progress in Resolution

• As of end-2024, the company’s net assets attributable to shareholders stood at -42.75 million RMB (i.e., negative), with three consecutive years of net losses (excluding non-recurring gains/losses). As a result, the company’s shares have been under “delisting risk warning” since April 18, 2025.
• Auditor Zhongshen Zhonghuan issued a standard unqualified opinion but included a paragraph on significant uncertainties regarding the company’s going concern.
• In 2025, the company actively promoted judicial restructuring, including debt risk mitigation, disposal of long-term loss-making assets, and optimization of its asset-liability structure, aiming to improve both solvency and profitability.
• On December 24, 2025, the company submitted the restructuring plan execution report to the administrator. The following day, the administrator submitted a supervision report to the court. Beijing Weiheng (Kunming) Law Firm issued a legal opinion stating the company’s restructuring plan has been fully executed, marking the completion of the court-led restructuring.

2. 2025 Earnings Forecast and Asset Structure Improvement

• On January 29, 2026, the company released its 2025 performance forecast: net assets attributable to shareholders are expected to rise to 1.2 to 1.4 billion RMB by year-end, indicating a significant improvement in its financial structure and going concern ability.
• As of the announcement date, the 2025 annual audit is not finalized; final impacts are subject to the formal audit opinion.

3. 2025 Annual Report Preparation & Audit Progress

• Since November 2025, the auditor has been conducting fieldwork. The board and management have had thorough communication with the auditor on plans, scope, key matters, and scheduling.
• As of this disclosure, the annual report is being prepared in an orderly manner, the audit is nearly complete, and there are no material differences between the company and the auditor on key accounting matters.
• The 2025 annual report is scheduled for disclosure on March 28, 2026.

4. Delisting Risk and Disclosure Reminder

• Due to negative net assets in 2024, the company’s shares have faced delisting risk warning since April 18, 2025. If 2025 audited financials still fail to meet exchange rules, shares may be delisted.
• The company will strictly comply with disclosure obligations. Investors are advised to rely on official media channels: China Securities Journal, Shanghai Securities News, Securities Daily, Securities Times, and CNINFO.

Key Investor Takeaways

1. Significant asset-liability improvement and net assets turning positive: The company expects 2025 net assets to turn positive (1.2–1.4bn RMB), fundamentally improving its financial position and greatly reducing delisting risk—a major positive for the stock.
2. Successful completion of court-led restructuring: Loss-making assets have been removed, and overall business quality has improved, potentially restoring market confidence.
3. Delisting risk not fully eliminated: If 2025 financials remain non-compliant, shares could still be delisted. Investors should closely watch for the formal audit and annual report.
4. Upcoming annual report disclosure: The 2025 annual report will be disclosed on March 28, 2026, and could have a material impact on the company’s share price and investment value.

In summary, the announcement signals a substantial turnaround in the company’s operations, though delisting risk persists until audited results are finalized. This information is highly relevant for share price movement, and investors should monitor developments closely.

Disclaimer:
This article is for information only and does not constitute investment advice. Investors act at their own risk. Official disclosures prevail.

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