HY Energy Group warns of trading risks amid volatility

HY Energy Group (SSE:600387) has issued a risk warning to investors, citing substantial stock price volatility. The announcement highlights several concerns, including non-operating fund occupation by the controlling shareholder and its affiliates. Although 14.1482 million yuan was repaid, resolution is pending a special audit. The company's stock is already under delisting risk alert due to a qualified opinion in the 2023 audit report. Additionally, the company forecasts a net loss attributable to the parent company of 220 million to 380 million yuan for 2024. The company also disclosed that RMB 28,661.57million in funds remain frozen by the U.S. Treasury Department. Finally, the company revealed it received a warning of administrative penalty from the Zhejiang regulatory bureau relating to reporting issues. Investors are urged to exercise caution.