SGSG Science & Technology faces delisting risk warning

Zhuhai SGSG Science & Technology Co., Ltd. (SZSE:300561) has issued a second warning to investors that its stock may face a delisting risk alert. The company anticipates that its 2024 financial results will show a negative figure for the lower of total profit, net profit, or net profit after deducting non-recurring gains and losses. Furthermore, its revenue after deductions is expected to fall below CNY 100 million. As per the Shenzhen Stock Exchange's rules, this situation triggers a potential delisting risk warning. The company will disclose a formal announcement following the audit of the 2024 annual report, at which point trading will be suspended for one day before a "*ST" tag is added to the stock name.