上海创兴资源开发股份有限公司2025年度年报编制及审计进展公告深度解读

一、公告要点概览

• 公司股票自2025年5月6日起被实施退市风险警示，因2024年度经审计扣除非经常性损益前后净利润均为负值，且剔除与主营业务无关及不具商业实质收入后的营业收入低于3亿元。
• 截至2026年3月17日公告披露日，2025年度营业收入能否超过3亿元，以及公司能否消除财务类退市指标情形，尚未有最终结论。
• 最新进展显示，审计机构政旦志远（深圳）会计师事务所已完成大部分现场走访、盘点和内控审计，仍在进行审计函证和客户访谈，未发现与公司存在重大分歧。
• 年报预约披露日期为2026年3月31日，目前审计程序尚未最终完成，相关最终财务数据及审计意见以正式年报为准。

二、对股东及投资者的敏感和关键提示

• 退市风险依然存在：2024年度亏损及主营业务收入未达标已经导致公司被实施退市风险警示，2025年度能否扭转局面仍存重大不确定性。
• 审计进展尚未给出明确结论：截至目前，审计机构无法确定2025年主营业务收入是否超过3亿元，且是否能消除退市风险指标尚无定论。
• 后续审计重点：接下来主要审计环节将聚焦营业收入确认、应收账款减值，以及对重点客户和供应商的访谈，目的是获取充分、适当的审计证据。
• 重大事项尚未发现分歧：公司与审计机构在会计处理、关键审计事项和审计意见类型上暂未发现重大分歧。
• 信息披露承诺：公司承诺将根据规定及时披露审计及年报编制进展，敬请投资者密切关注后续公告。

三、公告详细内容梳理

公司背景与风险警示：
上海创兴资源开发股份有限公司在2025年4月30日公告，因2024年度经审计扣除非经常性损益前后的净利润均为负值，且剔除与主营业务无关及不具商业实质收入后的营业收入低于3亿元，公司股票自2025年5月6日起被实施退市风险警示。
审计机构变更及最新进展：
2025年12月，公司召开董事会和临时股东大会，决定聘请政旦志远（深圳）会计师事务所为2025年度财务报告和内部控制审计机构。2026年1月10日，政旦志远正式进驻公司开展审计，截至公告披露日，现场走访、盘点与大部分内控审计已完成，审计函证和客户访谈工作仍在进行，并对已取得底稿资料进行汇总分析。
尚未有明确结论：
截至目前，基于已实施的审计程序和证据，仍无法确定2025年剔除与主营业务无关及不具备商业实质收入后的营业收入是否超过3亿元，以及公司能否消除财务类退市指标情形。
后续审计重点：
下一步，公司与会计师事务所将继续聚焦营业收入确认、应收账款减值等关键领域，进一步进行重点客户及供应商访谈，确保获取充分、适当的审计证据，为最终发表审计意见做好准备。
信息披露与投资者提示：
公司相关信息以指定媒体及上交所网站公告为准，投资者需理性投资，注意投资风险。

四、投资者关注重点及潜在影响

• 2025年度年报结果将直接影响公司能否摘帽，决定其是否会触及强制退市红线，具有极强的股价敏感性。
• 审计工作进度及最终结果在未来一段时间将成为公司股价波动的核心变量。
• 建议投资者持续关注公司后续公告及年报正式披露，及时调整投资策略。

五、结论

本次公告内容对公司后续能否维持上市地位至关重要，其审计进展、年报披露节点以及最终是否消除财务类退市风险，将极大影响公司股价波动和投资者信心。投资者应高度关注审计进展及公司下一步公告，谨慎决策。

免责声明：本文仅为公开信息整理与解读，不构成任何投资建议。投资有风险，入市需谨慎。请以公司在指定媒体及上海证券交易所网站公告为准。

English Version

In-depth Analysis: Shanghai Chuangxing Resources 2025 Annual Report Preparation and Audit Progress Announcement

1. Key Highlights

• The company’s shares have been under delisting risk warning since May 6, 2025, due to negative net profit (before and after non-recurring gains and losses) in 2024 and operating revenue below RMB 300 million (excluding non-core and non-substantive business revenue).
• As of the disclosure date (March 17, 2026), it is still uncertain whether the 2025 operating revenue (after exclusions) will exceed RMB 300 million, and whether the company can eliminate the delisting risk indicator.
• The appointed auditor, Zhengdan Zhiyuan (Shenzhen) CPA, has completed most on-site inspections and internal control audits, with confirmation and customer interviews ongoing. No major differences have been found between the auditor and the company so far.
• The scheduled annual report release date is March 31, 2026, and the final audit is not yet complete. All final figures and opinions are subject to the audited report.

2. Key and Price-Sensitive Points for Shareholders

• Delisting risk remains significant: Due to previous losses and insufficient core revenue, the company is under risk warning. Whether it can reverse the situation in 2025 is highly uncertain.
• Audit progress has yet to confirm key thresholds: It is not yet confirmed if 2025 revenue (excluding non-core and non-substantive items) exceeds RMB 300 million or if the company can remove delisting risk.
• Audit focus areas: The next steps will focus on revenue recognition, impairment of receivables, and interviews with key customers and suppliers to obtain conclusive audit evidence.
• No significant differences found: So far, there are no major disputes between the company and the auditor regarding key accounting treatments and audit opinion types.
• Disclosure commitment: The company will timely update on audit and annual report progress. Investors should keep a close watch on further announcements.

3. Detailed Announcement Breakdown

Background and Risk Alert:
The company announced on April 30, 2025, that due to negative net profit and insufficient core operating revenue in 2024, it was placed under a delisting risk warning from May 6, 2025.
Auditor Change and Progress:
In December 2025, the board and EGM approved the appointment of Zhengdan Zhiyuan as the auditor for the 2025 financial and internal control audit. The firm began fieldwork on January 10, 2026, and has mostly completed on-site and internal control work, with confirmations and customer interviews ongoing.
No Final Determination Yet:
The auditor cannot yet confirm if 2025 core revenue will exceed RMB 300 million or if the company can eliminate the delisting risk indicator.
Next Steps:
The focus will remain on revenue recognition, impairment tests, and further interviews to gather sufficient evidence for the final audit opinion.
Disclosure and Risk Reminder:
Official information is only available from designated media and the Shanghai Stock Exchange website. Investors should be prudent.

4. Key Investor Considerations and Potential Impact

• The 2025 annual report outcome will directly affect the company’s ability to remove the delisting risk warning and could trigger a forced delisting, making this a highly price-sensitive event.
• Audit progress and results will be the main driver of share price volatility in the near term.
• Investors are advised to closely monitor subsequent announcements and the formal release of the annual report to adjust their strategies accordingly.

5. Conclusion

The progress and results of the 2025 audit and annual report will be critical for Shanghai Chuangxing Resources’ continued listing. The outcome will significantly affect share price movement and investor confidence. Investors should pay close attention to audit developments and future announcements and act prudently.

Disclaimer: This article is for information and analysis purposes only and does not constitute investment advice. Investment involves risks. Please refer to the company’s announcements on official media and the Shanghai Stock Exchange website for accurate information.

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