Market Overview - The packaging and printing sector experienced a decline of 2.61% on February 2, with Jiyou Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Notable gainers included: - Fangda New Materials (Code: 920163) with a closing price of 15.76, up 2.34% [1] - Yongji Co., Ltd. (Code: 603058) with a closing price of 11.07, up 1.10% [1] - Significant decliners included: - Jiyou Co., Ltd. (Code: 603429) with a closing price of 10.16, down 10.01% [2] - Hongyu Packaging Materials (Code: 920274) with a closing price of 27.40, down 5.78% [2] Trading Volume and Capital Flow - The packaging and printing sector saw a net outflow of 355 million yuan from institutional investors, while retail investors had a net inflow of 169 million yuan [2] - The trading volume for notable stocks included: - Jiyou Co., Ltd. with a trading volume of 35,800 shares and a transaction amount of 36.41 million yuan [2] - Yongji Co., Ltd. with a trading volume of 137,300 shares and a transaction amount of 151 million yuan [1] Capital Inflow Analysis - Key stocks with significant capital inflow included: - Xianggang Technology (Code: 603499) with a net inflow of 24.48 million yuan from institutional investors [3] - Yongji Co., Ltd. with a net inflow of 22.96 million yuan from institutional investors [3] - Stocks with notable retail investor activity included: - Yudong Technology (Code: 002831) with a net inflow of 21.61 million yuan from retail investors [3] - Zhongrui Co., Ltd. (Code: 002374) with a net inflow of 11.34 million yuan from institutional investors [3]

Group 1: Market Trends - The silver market experienced a historic drop, with spot silver prices plunging 36%, marking the largest intraday decline in history, while spot gold prices fell over 12%, the largest single-day drop in 40 years. This decline is attributed to the nomination of Kevin Warsh as the next Federal Reserve Chairman, interpreted as a shift towards a more hawkish monetary policy, alongside factors like an overheated market and a downturn in U.S. stocks [2] - Bitcoin fell below $79,000, reaching its lowest level since April 2025, with over 420,000 investors liquidated, totaling $2.561 billion in liquidation. The price drop is influenced by escalating tensions between Israel and Iran, as well as delays in new regulatory frameworks for the U.S. crypto industry [2] - The semiconductor industry in South Korea saw a significant increase in exports, totaling $20.5 billion in January, a year-on-year surge of over 102%, indicating strong global demand for semiconductors. Additionally, domestic chip manufacturers are raising prices, with increases up to 80% across key segments [3] Group 2: Company Financials - Vanke announced an expected loss of 82 billion yuan for 2025, which would set a record for losses among A-share real estate companies. The anticipated losses are attributed to a decline in project settlement scale, low gross margins, and various impairments [2] - Ten companies, including Deep Konka A and Jiyou Co., have issued warnings about potential delisting due to financial indicators falling below required thresholds, including negative net assets and profits [4] - Several brokerages have released their investment recommendations for February, focusing on sectors such as technology and cyclical stocks, with companies like China Pacific Insurance and Zijin Mining receiving multiple endorsements [5]

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting after the 2025 annual report due to financial indicators being breached [2] Group 1: Companies with Negative Net Assets - Six companies, including Deep Konka A, Banjie Co., ST Huaxi, ST Quanfeng, ST Kaiyuan, and *ST Jinling, are expected to have negative net assets by the end of 2025, which may lead to a delisting risk warning [3] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion to -8.001 billion yuan [3] - The company attributes its significant losses and negative net assets to large impairment provisions on various assets and declining revenue in its core consumer electronics business [3] Group 2: Companies with Negative Profits and Revenue - Four companies, including Jiyou Co., ST Shuyuan, 365 Network, and ST Lingnan, are expected to have negative net profits and revenues below the required thresholds, triggering delisting risk warnings [5] - Jiyou Co. (stock code: 603429) forecasts a net profit loss of approximately 19 million yuan and revenue of around 170 million yuan, significantly below the 300 million yuan threshold [6] - 365 Network (stock code: 300295) expects a net profit loss between 57 million and 38 million yuan, with revenue projected between 10 million and 11 million yuan, potentially falling below the 100 million yuan threshold [7] - ST Lingnan (stock code: 002717) anticipates a net profit loss between 1.63 billion and 2.38 billion yuan, with revenue expected to be between 120 million and 180 million yuan, indicating severe financial distress [7]

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Negative Net Assets - Six companies, including Deep Konka A and Bangjie Co., are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion yuan and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion yuan to -8.001 billion yuan [2] - Bangjie Co. (stock code: 002634) expects a net profit loss of 900 million yuan to 1.2 billion yuan and net assets of -900 million yuan to -600 million yuan by the end of 2025 [3] Group 2: Companies with Negative Profits and Revenue - Four companies, including Jiyou Co. and ST Lingnan, are projected to have negative profits and revenues below the required thresholds, triggering another type of delisting risk warning [4] - Jiyou Co. (stock code: 603429) forecasts a total profit loss of approximately 23 million yuan and revenue of around 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) is expected to have a total profit loss between 1.19 billion yuan and 1.78 billion yuan, with net assets projected to be between -1.4 billion yuan and -940 million yuan [6]

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Expected Negative Net Assets - Six companies, including Deep Konka A, are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion to -8.001 billion yuan [2] - The reasons for Deep Konka A's significant losses include large impairment provisions for various assets and declining revenue in its core consumer electronics business due to insufficient product competitiveness [2] Group 2: Companies with Expected Profit and Revenue Shortfalls - Four companies, including Jiyou Co. and ST Lingnan, are expected to have negative profits and revenues below the required thresholds, triggering delisting risk warnings [4] - Jiyou Co. (stock code: 603429) expects a total profit loss of around 23 million yuan and revenue of approximately 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) anticipates a total profit loss between 1.19 billion and 1.78 billion yuan, with net assets expected to be between -1.4 billion and -940 million yuan, indicating severe financial distress [6]

Core Viewpoint - The company, Jiyou Co., Ltd. (603429.SH), is projecting significant losses for the fiscal year 2025, with total profit expected to be around -23 million yuan and net profit attributable to shareholders expected to be approximately -19 million yuan [1] Financial Projections - The company anticipates a total profit of approximately -23 million yuan for the year 2025 [1] - The net profit attributable to the parent company's shareholders is projected to be around -19 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be about -24.5 million yuan [1] - The estimated operating revenue for 2025 is around 170 million yuan, with the revenue from core business activities expected to be approximately 164 million yuan, which is below 300 million yuan [1]

股票代码：603429 股票简称：集友股份 公告编号：2026-004 安徽集友新材料股份有限公司 关于公司股票可能被实施退市风险警示的 风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 依据《上海证券交易所股票上市规则》（以下简称"《股票上市规则》"） 第 9.3.2 条规定，安徽集友新材料股份有限公司(以下简称"公司")股票可能被 上海证券交易所实施退市风险警示，请广大投资者注意投资风险。 一、可能被实施退市风险警示的原因 经公司财务部门初步测算，预计公司 2025 年年度实现利润总额-2,300.00 万元左右，预计 2025 年年度实现归属于母公司所有者的净利润-1,900.00 万元 左右，归属于母公司所有者的扣除非经常性损益后的净利润为-2,450.00 万元左 右。预计 2025 年年度实现营业收入 17,000.00 万元左右，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为 16,400.00 万元左右，低于 3 亿元。具体情况详见公司同日披露于上海证券 ...

股票代码：603429 股票简称：集友股份 公告编号：2026-003 安徽集友新材料股份有限公司 2025 年年度业绩预亏公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 本期业绩预告适用情形：利润总额、净利润或者扣除非经常性损益后的 净利润孰低者为负值，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。 ● 安徽集友新材料股份有限公司(以下简称"公司")预计 2025 年年度实现 利润总额-2,300.00 万元左右，预计 2025 年年度实现归属于母公司所有者的净 利润-1,900.00 万元左右，归属于母公司所有者的扣除非经常性损益后的净利润 为-2,450.00 万元左右。 ● 预计 2025 年年度实现营业收入为 17,000.00 万元左右，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为 16,400.00 万元左右， 低于 3 亿元。 ● 根据《上海证券交易所股票上市规则》第 9.3.2 条第（一）项规定："最 近一个会计年度经审 ...

集友股份公告称，经初步测算，预计2025年利润总额约-2300.00万元，净利润约-1900.00万元，扣非净 利润约-2450.00万元，营业收入约1.70亿元，扣除后营收约1.64亿元，低于3亿元。根据规定，公司股票 在2025年年度报告披露后可能被实施退市风险警示。若触及情形，股票将于年报披露日起停牌，上交所 将在停牌5个交易日内实施警示，公司将提前一天公告，次日复牌并实施。这是首次风险提示，年报披 露前预计再发2次。 ...

Core Viewpoint - Sanli Pharmaceutical announced an expected net profit attributable to shareholders of the parent company for 2025 to be between 36 million and 52 million yuan, representing a significant decrease compared to the previous year's figure of 274.03 million yuan, indicating a decline of 22.02 million to 23.80 million yuan, or a year-on-year decrease of 81.02% to 86.86% [1] Financial Performance - The projected net profit for 2025 is estimated to be between 36 million yuan and 52 million yuan [1] - This represents a decrease of 22.02 million to 23.80 million yuan compared to the previous year's net profit of 274.03 million yuan [1] - The year-on-year decline percentage is estimated to be between 81.02% and 86.86% [1]