Cai Xin Development: Performance is expected to be loss-making in 2025, stocks may be subject to delisting risk warning.

CaiXin Development announced that, based on preliminary estimates, the net profit attributable to the parent company in 2025 is expected to be between -500 million to -800 million yuan, with a non-recurring net profit of -480 million to -780 million yuan. Operating revenue after deductions is expected to be between 200 million to 290 million yuan, and the net assets at the end of the period are estimated to be between -100 million to -400 million yuan. If the audit confirms the relevant conditions, the company's stock will be subject to delisting risk warning after the disclosure of the 2025 annual report. Trading of the stock will be suspended for one trading day after the announcement, and the stock will resume trading with the prefix "*ST" before the original abbreviation.