Huijin Technology faces delisting, other risk warnings from stock exchange

Zhuhai Huijin Technology Co., Ltd. announced its stock trading will be subject to delisting risk warnings and other risk warnings from April 24, 2025. This decision stems from the company's 2024 audited total profit, net profit, and net profit after deducting non-recurring gains and losses all being negative, with operating revenue after deduction falling below 100m yuan. Additionally, the company's 2024 internal control audit report received a negative opinion from certified public accountants.

The other risk warning specifically relates to significant internal control deficiencies in sales business management, which led to inaccuracies in revenue and cost recognition. The unaudited operating revenue not recognized accounted for 12.33% of operating revenue before the performance forecast correction, exceeding the standard for major internal control deficiencies. The company's management has acknowledged these deficiencies and outlined measures to strengthen internal control, improve compliance awareness, and enhance risk prevention.

The company will issue monthly progress announcements during the period its stock trading is subject to other risk warnings. Investors are advised to refer to information published on designated media outlets for official information and to exercise caution when making investment decisions.