*ST 华嵘披露2025年年报编制及审计进展，存退市重大风险

要点摘要

• 年报编制与审计工作正稳步推进，尚未最终完成。
• 新增信息化及工程类业务的可持续性及是否属于非经常性损益，尚需后续观察。
• 如将新增业务扣除为非经常性损益，公司2025年扣非净利润或为负值，营业收入或低于3亿元，触及退市标准。
• 公司年报预约披露日为2026年4月30日。
• 审计机构立信中联已完成现场审计，正在复核证据和推进合并工作，预计可按时完成。
• 公司多次郑重提示投资者注意投资风险，审计结果存在重大不确定性，可能影响股票价格和投资决策。

详细内容

湖北华嵘控股股份有限公司（*ST 华嵘，600421）于2026年4月16日发布了《关于2025年年度报告编制及最新审计进展情况的公告（二）》，对2025年年度报告的编制及审计进展情况进行了详细披露。

年报编制及审计进展

截至公告日，公司2025年年度报告的编制和审计工作正在稳步推进中。负责审计的立信中联会计师事务所已完成现场审计，目前正进行审计证据复核、重要审计事项沟通及合并报表等后续工作。整体审计进度处于可控状态，预计能按原定计划完成年报审计。

新增业务及其重大影响

2025年度公司新增了信息化及工程类业务。审计机构表示，目前尚未发现上述业务缺乏商业实质的证据，但该类业务的可持续性、以及是否属于非经常性损益，仍需根据后续公司业务开展情况和在手订单进一步判断。

极其重要的是：如果最终审计意见将该部分新增业务认定为非经常性损益并予以扣除，则公司2025年度扣除非经常性损益后的净利润将为负值，且营业收入将低于3亿元人民币，这将直接触及上交所的财务类退市标准。公司面临被强制退市的重大风险，对投资者的利益和公司股票价格都将产生极大影响。

后续安排与风险提示

• 公司年报预约披露日为2026年4月30日。
• 审计结果尚不确定，公司郑重提醒投资者高度关注后续信息。
• 所有相关信息均以《证券时报》《中国证券报》及上海证券交易所网站公布为准。
• 公司将严格履行信息披露义务，及时公布后续进展。

对股东和投资者的影响

鉴于公司2025年度业绩存在较大不确定性，尤其是新增业务如被认定为非经常性损益并扣除后，公司将触及退市红线。本次公告明确提示了公司存在重大退市风险，极有可能影响公司股票价格并造成投资损失。请广大投资者务必高度重视，理性决策，谨慎投资。

免责声明

本文内容仅根据公司公告编写，不构成任何投资建议。投资者应以公司在指定信息披露媒体发布的正式公告为准，并注意投资风险。

English Version

*ST Huarong Releases Update on 2025 Annual Report Preparation and Audit Progress; Faces Major Delisting Risk

Key Highlights

• Annual report preparation and audit are progressing steadily but not yet finalized.
• Sustainability and classification of new IT and engineering business as non-recurring gains/losses are still under review.
• If new business is deducted as non-recurring, 2025 net profit after deduction may be negative and revenue below RMB 300 million, triggering delisting criteria.
• Annual report is scheduled for release on April 30, 2026.
• Auditor Lixin Zhonglian has completed onsite audit and is proceeding with evidence review and consolidation work, expected to finish on time.
• Company repeatedly warns of significant investment risk; audit outcome remains highly uncertain and may impact share price and investment decisions.

Details

Hubei Huarong Holdings Co., Ltd. (*ST Huarong, 600421) announced the second update on its 2025 annual report preparation and audit progress on April 16, 2026.

Annual Report & Audit Progress

As of the announcement date, the 2025 annual report preparation and audit are ongoing. The appointed auditor, Lixin Zhonglian, has completed the onsite audit and is now conducting evidence review, key audit matter communication, and financial consolidation. The audit process remains under control and is expected to meet the original schedule.

New Business and Major Impact

In 2025, the company added new IT and engineering business lines. The auditor notes that, as of now, there is no evidence that these new businesses lack commercial substance. However, the sustainability of these businesses and whether their results should be classified as non-recurring gains/losses are still subject to further assessment based on business performance and order backlog.

Critically important: If the auditor ultimately decides to deduct this new business as non-recurring, the company’s 2025 net profit after such deduction will be negative, and revenue will fall below RMB 300 million. This would immediately trigger the financial delisting criteria on the Shanghai Stock Exchange, posing a serious risk to investors and the company’s stock price.

Next Steps & Risk Reminder

• The annual report is scheduled to be disclosed on April 30, 2026.
• The audit outcome is not yet determined; investors are urged to pay close attention to subsequent disclosures.
• All official information is subject to releases in Securities Times, China Securities Journal, and the Shanghai Stock Exchange website.
• The company will strictly comply with information disclosure obligations and promptly update on any material developments.

Impact on Shareholders and Investors

Due to significant uncertainties regarding the company’s 2025 financials, particularly the possibility of triggering delisting if the new business is classified as non-recurring, this update signals a major delisting risk that could materially impact the stock price and cause investment losses. Investors are strongly advised to be vigilant, make rational decisions and invest cautiously.

Disclaimer

This article is based solely on official company disclosures and does not constitute investment advice. Investors should refer to official announcements published on designated information platforms and be mindful of potential risks.

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