ST Jiuyou warns of high stock volatility, delisting risks

Hubei Jiuyou Investment Co., Ltd. (*ST Jiuyou) issued a risk alert concerning substantial short-term fluctuations in its stock trading prices, urging investors to exercise caution. The company faces potential delisting due to suspected information disclosure violations, as evidenced by a China Securities Regulatory Commission (CSRC) investigation initiated in December 2024. Even if the company achieves positive net assets in 2024, it still confronts a risk of compulsory delisting. Additionally, the company's 2023 financial results, showing negative net assets of -314,020 yuan, and an audit report with going concern uncertainties, have triggered delisting risk warnings. A lawsuit involving its subsidiary, Bozhou Zongxiang, further clouds the financial picture.