ST Taihe: Stock price at limit up, indicating multiple operational and delisting risks.

Taihe Water announced that the company's stock price reached the limit up in 2025, but it faces the risk of termination due to financial reasons. The profits for the year 2024 were negative and revenue was below the stipulated amount, leading to the implementation of a delisting risk warning for the stock. As of the end of the third quarter of 2025, the revenue was 81.3866 million yuan, with a net loss of 82.4577 million yuan. If the total audited profits for the year 2025, net profit, or non-recurring net profit are negative and revenue is below the stipulated amount, the stock will be delisted. In addition, there are uncertainties in the company's winning bids on projects, revenue adjustments, refunds of reserve funds, and repayments of core business activities.