*ST Guohua faces the risk of delisting, with revenue after deductions below 300 million

Radar Finance | Feng Xiuyu (Writer) | Li Yihui (Editor)

On February 23, *ST Guohua (Stock Code: 000004) issued a second risk warning announcement regarding the possible delisting of the company’s stock. The announcement states that because the lowest of the three indicators—total profit for 2024, net profit, and net profit after deducting non-recurring gains and losses—is negative, and the revenue after deduction is below 300 million yuan, the company has been placed under delisting risk warning as of April 30, 2025.

According to Article 9.3.12 of the Shenzhen Stock Exchange Listing Rules, if the company encounters one of these situations again in 2025, its stock will face the risk of delisting. The company’s 2025 performance forecast shows that the revenue after deduction is expected to be between 197 million and 296 million yuan, and the net profit after deducting non-recurring gains and losses will be between -40 million and -20 million yuan.

If, after audit, the company meets the delisting criteria, its stock will be delisted. The company has disclosed the risk warning announcement as required and will continue to fulfill its information disclosure obligations.

Tianyancha data shows that *ST Guohua was established on May 5, 1986, with a registered capital of 132.380282 million yuan. The legal representative is Huang Xiang. The registered address is 12th Floor, Cui Lin Building, 10 Kaifeng Road, Maling Community, Futian District, Shenzhen. Its main business is mobile network security.

Currently, the company’s chairman is Huang Xiang, the secretary is Ruan Xuli, with 302 employees, and the actual controller is Li Yingtong.

The company has 18 associated companies, including Sichuan Zhiyou Network Security Technology Co., Ltd., Shenzhen Guohua Zhikang Technology Co., Ltd., Shenzhen Guohua Zhisu Technology Co., Ltd., Guangdong Guohua Zhicheng Construction Co., Ltd., Shenzhen Guoke Investment Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 166 million yuan, 110 million yuan, and 98.66 million yuan, respectively, with year-on-year changes of -42.39%, -33.89%, and -10.35%. The net profit attributable to shareholders was -595 million yuan, -157 million yuan, and -132 million yuan, with year-on-year growth rates of -16.90%, 73.62%, and 16.22%. During the same period, the company’s asset-liability ratio was 38.73%, 53.11%, and 76.57%.

Regarding risks, Tianyancha information shows that the company has 75 internal Tianyan risks, 31 surrounding risks, 124 historical risks, and 610 early warning risks.