Limit down at close! Meizhi shares significantly downward revised performance forecast, at risk of being "*ST"

Ask AI · How does a company respond to delisting risk warning after its stock hits the daily limit down?

Beijing Business Daily (Reporter Wang Manlei) After significantly revising its performance forecast and warning of possible delisting risk, on March 18, Meizhi Co., Ltd. (002856) was “voted with their feet” by investors. On that day, the company’s stock price hit the daily limit down.

Trading data shows that on March 18, Meizhi Co., Ltd. opened at the limit down and remained at that level all day, closing at the limit down price of 12.06 yuan per share, with a total market value of 1.632 billion yuan.

Regarding the news, on the evening of March 17, Meizhi Co., Ltd. announced that, based on preliminary estimates, the company’s net assets attributable to the parent company at the end of 2025 may be negative. The company has also revised its 2025 performance forecast accordingly. The revised forecast shows that the company expects a net profit attributable to shareholders of -198 million to -132 million yuan for the full year, compared to the previous estimate of -113 million to -75 million million yuan; it also expects the net assets attributable to the parent company at the end of 2025 to be between -75 million and -40 million yuan.

Meizhi Co., Ltd. stated that if the net assets attributable to the parent company at the end of 2025 are negative, the company’s stock trading will be subject to delisting risk warning by the Shenzhen Stock Exchange after the 2025 annual report is disclosed.