*ST Hua Wang's 2025 revenue is 410 million yuan; has applied to the Shanghai Stock Exchange for delisting suspension

On the evening of March 5th, ST Huawang (603007.SH) released its 2025 annual report, showing that the company achieved an operating revenue of 410 million yuan for the year, a year-on-year increase of 347.62%; net profit attributable to the parent company was -228 million yuan; net profit after deducting non-recurring gains and losses attributable to the parent was -359 million yuan.

Audited data as of December 31, 2025, shows that the parent company’s undistributed profit was -1,569.3836 million yuan, indicating an unrecouped loss. Given that the parent company’s undistributed profit for 2025 is negative, and after fully considering the company’s normal operations and sustainable development needs, the company plans not to distribute cash dividends, not to send bonus shares, and not to convert reserves into share capital for 2025.

On the same day, the company announced that according to the “Shanghai Stock Exchange Stock Listing Rules,” since the company’s audited operating revenue for 2025, excluding income unrelated to main business and income without commercial substance, exceeds 300 million yuan, the company has applied to the Shanghai Stock Exchange to revoke the delisting risk warning and other risk warnings imposed on its stock. The final decision on the revocation application is subject to the review opinion of the Shanghai Stock Exchange.