ST Modern: 2025 annual report audit underway, may face delisting risk

ST Modern announced that the company's stock will be subject to delisting risk warning starting from April 29, 2025. The preliminary notice in January 2026 indicates that the estimated non-GAAP net profit for the year 2025 is expected to be between -97.76 million yuan and -48.88 million yuan, with estimated operating income after deductions to be between 373 million yuan and 559 million yuan. As of April 14, the audit work for the 2025 annual report is progressing in an orderly manner, with some work already completed and other procedures being carried out. If any of the circumstances specified in Article 9.3.12 of the Shenzhen Stock Exchange Listing Rules occur after the disclosure of the 2025 annual report, the company's stock will face the risk of being delisted.