*ST Yushun stock has experienced a deviation of more than 12% in its price increase for three consecutive trading days

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On February 25th, *ST Yushun (Stock Code: 002289) issued an announcement regarding abnormal stock trading fluctuations and risk warnings. The company’s stock has been subject to delisting risk warning since May 6, 2025, due to net profits for 2024 and net profits after deducting non-recurring gains and losses both being negative, and operating revenue after deductions being below 300 million yuan. The company is undergoing a major asset restructuring, and it is expected that the financial data for 2025 will include the financial data of the acquired Zhongen Cloud IDC project company, but this has not yet been audited or confirmed.

The company’s first extraordinary general meeting in 2026 did not pass the proposal to change accounting firms, and the audit institution has not yet confirmed. The company’s stock price has recently experienced significant fluctuations, and its price-to-earnings ratio and price-to-book ratio differ greatly from industry peers. The company reminds investors to be aware of investment risks; all information is subject to disclosures by designated media.

According to Tianyancha, *ST Yushun was established on January 2, 2004, with a registered capital of 280.253733 million RMB. The legal representative is Ji Min. The registered address is 13th Floor, Building A, Shenzhen Software Industry Base, Yuehai Street, Nanshan District, Shenzhen. Its main business involves the research, development, production, and sales of LCD screens and modules, touch screens and modules, and integrated touch display modules.

Currently, the company’s chairman is Ji Min, the secretary of the board is Zhao Liyao, with 197 employees, and the actual controller is Zhang Jianyun.

The company has 6 equity affiliates, including Shenzhen Yuchuang Weiye Technology Co., Ltd., Beijing Yushun Tianhe Management Consulting Co., Ltd., Shenzhen Yushun Industrial Intelligent Technology Co., Ltd., Yushun Electronics (Hong Kong) Trading Co., Ltd., Zhuhai Yushun Tianhe Investment Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 135 million yuan, 155 million yuan, and 220 million yuan, respectively, with year-on-year growth rates of -26.53%, 14.88%, and 41.94%. The net profit attributable to shareholders was -25.4729 million yuan, 964,400 yuan, and -17.5748 million yuan, with year-on-year growth rates of 2.05%, 103.78%, and -1922.33%. During the same period, the company’s asset-liability ratio was 14.87%, 21.60%, and 44.83%.

Regarding risks, Tianyancha data shows that the company has 237 internal Tianyan risks, 80 surrounding risks, 121 historical risks, and 259 warning alert risks.