ST Tianlong faces potential delisting risk

Jiangsu Huasheng Tianlong Photoelectric Co., Ltd. (SZSE:300029) issued its second risk warning on March 24, 2025, regarding the potential delisting of its stock. The announcement states that the company anticipates its net assets for the 2024 fiscal year to be between -500,000 yuan and -50,000 yuan. Based on the Shenzhen Stock Exchange's listing rules, a company with negative net assets at the end of the most recent fiscal year may face a delisting risk warning, which would result in the stock being labeled with "*ST". The company also reminds investors that other existing risk warnings remain in effect. The company urges investors to exercise caution and be aware of the investment risks.