Hualing Xingma faces potential delisting amid negative net assets

Hualing Xingma Automobile Group (SSE: 600375) has issued its fourth risk warning, signaling the potential delisting of its shares. The warning stems from the company's negative net assets at the end of the 2023 fiscal year, leading to the implementation of a delisting risk alert on April 1, 2024. While preliminary estimates for 2024 indicate a potential profit of 113 million to 143 million RMB, and a positive net asset value between 325.7 million to 328.7 million RMB, the company is still subject to Shanghai Stock Exchange delisting rules. The company reminds investors to be cautious and aware of potential investment risks.