Huasheng Tianlong faces delisting risk, issues third warning

Jiangsu Huasheng Tianlong Photoelectric (SZSE:300029) issued its third risk warning regarding the potential delisting of its stock. The company projects its 2024 net assets will range from -CNY 500,000 to -CNY 5,000,000, triggering potential delisting procedures according to Shenzhen Stock Exchange regulations. If the 2024 annual report confirms the projected negative net assets, the company's stock will be subject to a delisting risk warning, indicated by the "*ST" prefix. The company had previously issued warnings on March 12 and March 24. Trading may be suspended on Huasheng Tianlong's stock following the release of the annual report and resume with the "*ST" designation if delisting risk is confirmed.