ST Jingfeng: Abnormal stock trading fluctuations indicate multiple risks.

ST Jingfeng announced that the company's stock had a cumulative deviation value of 13.68% from the closing price on March 19th and 20th, 2026, for two consecutive trading days, indicating abnormal fluctuations. The company has applied to the Shenzhen Stock Exchange to withdraw the risk warning of delisting, but approval is still uncertain. The company's non-GAAP net profit for 2022-2024 was negative, and the 2024 annual report indicated continued uncertainties in operations, potentially triggering other risk warnings. It is expected to incur a loss of 60-90 million yuan in 2025. In addition, due to the large fluctuations in stock prices, the company may apply for a trading halt for verification, reminding investors to pay attention to the risks.