Fujian Nachuan Pipe Technology Co., Ltd.
Stock Code: 300198 Stock Abbreviation: *ST Nachuan Announcement No.: 2026-108
Special Notice:
- Fujian Nachuan Pipe Technology Co., Ltd. (hereinafter referred to as the "Company" or "Nachuan Shares") disclosed on April 28, 2026, the "Announcement on the Implementation of Delisting Risk Warning and Continued Superposition of Other Risk Warnings and Suspension/Resumption of Trading" (Announcement No.: 2026-089). The company's total profit, net profit, and net profit after deducting non-recurring gains and losses were all negative, and the operating income after deduction was less than 100 million yuan. The company's net assets at the end of 2025 were -147,791,659.62 yuan, and the internal control audit reports for 2024 and 2025 were adverse opinions. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" (2026 Revision) (hereinafter referred to as the "Listing Rules") Article 10.3.1, paragraphs (1) and (2), and Article 10.4.1, paragraph (6), the company's shares were subject to a delisting risk warning starting from the opening of the market on April 29, 2026. If the company encounters the circumstances stipulated in Article 10.3.11 of the "Listing Rules," the company's shares face the risk of being delisted.