Over the weekend, several companies issued negative announcements. 1, Cowealth Medical China Co.,Ltd. (603122.SH) forecasted a net loss of 25 million to 36 million yuan for 2025. Cowealth Medical China Co.,Ltd. (603122.SH) released its annual performance forecast for 2025, anticipating a net profit attributable to shareholders of the listed company to be between -36 million yuan and -25 million yuan, which would represent a loss compared to the same period last year. The reasons for the performance change include the impact of centralized procurement policies, which led to lower customer purchasing prices and order fluctuations, compounded by increased investment in personnel optimization, capability upgrades, and research and development.
2, Hefei Chipmore Technology Co.,Ltd. (688352.SH) announced that a fire incident occurred in the bumping process section at its wholly-owned subsidiary, Suzhou Chipmore. The specific cause of the fire is currently under investigation and verification. The incident resulted in no casualties but affected part of the cleanroom environment and production equipment in the bumping process section; the specific losses are being assessed, and it is preliminarily estimated that this may have a certain impact on the full-year 2026 performance. The company has property insurance coverage for the damaged assets, and related insurance claim settlement work is proceeding in an orderly manner. To manage the production schedule for products requiring subsequent processing due to the incident, the company is coordinating to utilize capacity at its Hefei plant for support, accelerating the expansion of bumping capacity, and making every effort to ensure customer order fulfillment, while also全力 accelerating the layout and expansion of its diversified chip packaging and testing business.
3, Hymson Laser Technology Group Co.,Ltd. (688559.SH) issued a performance forecast, anticipating a net loss attributable to owners of the parent company of 850 million yuan to 910 million yuan for 2025, compared to a loss of 163 million yuan in the same period last year. During the reporting period, affected by overcapacity in the lithium battery and photovoltaic industries, market competition intensified, product prices remained persistently low, and the company faced increased difficulties in cost control, putting pressure on operations; simultaneously, in accordance with Chinese Accounting Standards for Enterprises and the principle of prudence, the company conducted impairment tests on projects in delivery and made corresponding provisions for impairment losses, which impacted the current period's profit.
4, Shanghai Hugong Electric Group Co.,Ltd. (603131.SH) announced that shareholder Mingxin Guangchu plans to reduce its shareholding by no more than 10.1072 million shares, representing 3% of the company's total shares. The reduction method will involve centralized bidding and block trades (with no more than 3.3691 million shares via centralized bidding and no more than 6.7381 million shares via block trades). The reason for the reduction is the shareholder's own capital needs, and the reduction period is from February 24, 2026, to May 23, 2026.
5, Xinjiang Ba Yi Iron&Steel Co.,Ltd. (600581.SH) announced that it expects an annual net loss attributable to owners of the parent company of 1.85 billion yuan to 2.05 billion yuan for 2025. It also forecasts an annual net loss after deducting non-recurring gains and losses of 1.9 billion yuan to 2.1 billion yuan, and expects its net assets at the end of 2025 to be between -1.76 billion yuan and -1.95 billion yuan. These estimated figures are expected to trigger the circumstances for imposing delisting risk warnings on stock trading as stipulated in item (2) of Article 9.3.2 of the Shanghai Stock Exchange Listing Rules, specifically "the audited net assets at the end of the most recent accounting year are negative, or the net assets at the end of the most recent accounting year are negative after retrospective restatement." After the disclosure of the 2025 annual report, the company's stock may be subject to a delisting risk warning.
6, Mgi Tech Co.,Ltd. (688114.SH) released its 2025 annual performance forecast. Based on preliminary calculations, the company expects a net loss attributable to owners of the parent company of 221 million yuan to 273 million yuan for 2025. Compared with the same period last year, the loss is expected to decrease by 328 million yuan to 380 million yuan. During the reporting period, due to fluctuations in the US dollar and euro exchange rates, the company's exchange gains generated from holding foreign currency monetary items increased year-on-year.
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