*ST Fucheng's main net inflow is 70.16M yuan, and it may also face shareholder compensation due to previous disclosure issues.

Question to AI · Why is there still inflow of main funds under delisting risk?

Radar Finance, produced by LeZhuBa Text | Zhou Hui Editing | Deep Sea

East Money Choice data shows that on May 11, *ST Fucheng had a trading volume of 253.7169 million yuan, with a net main fund inflow of 70.1601 million yuan.

It is worth noting that on April 24, *ST Fucheng issued a “Risk Warning Announcement on the Delay of Disclosure of Periodic Reports and Possible Implementation of Delisting Risk Warning and Other Risk Warnings.”

The company originally scheduled to disclose the “2025 Annual Report,” “2026 First Quarter Report,” and related documents by April 25, 2026. Now, the company cannot disclose the “2025 Annual Report” and “2026 First Quarter Report” on time by April 25, 2026, and has extended the deadline to April 30, 2026, to disclose the periodic reports.

In addition, the company’s annual audit accounting firm (Shenzhen Hongyi Certified Public Accountants LLP (hereinafter referred to as “Hongyi CPA”) has issued an audit report with an adverse opinion on the company’s 2025 financial statements and a negative opinion on the company’s internal control audit report for 2025.

In response, Song Lianmin, director of Jiangsu Shengheng Law Firm, which has handled numerous stock claims and compensation, told Radar Finance that if listed companies fail to disclose information timely or accurately, causing losses to investors, the damaged investors can claim compensation according to law. Investors who bought *ST Fucheng shares between the listing date and April 24, 2026, and held them at the close of trading on April 24, 2026, can register to claim compensation. To register, follow the public account “LeZhuBa” (LeZhu code: 99) to participate. There are no fees before compensation.

Radar Finance noted that on May 8, *ST Fucheng issued an “Announcement of Abnormal Fluctuations in Stock Trading.”

The closing prices of the company’s stock on May 6, May 7, and May 8, 2026, deviated cumulatively by 12% over three consecutive trading days. According to relevant provisions of the “Shanghai Stock Exchange Trading Rules,” this constitutes an abnormal fluctuation in stock trading.

After self-inspection and verification with the controlling shareholders and actual controllers, there are no major matters or risks that should have been disclosed but were not disclosed.

Due to the company’s 2025 annual financial report being issued with an audit opinion of “unable to express an opinion” and the internal control audit report issued with a negative opinion, according to the “Shanghai Stock Exchange Stock Listing Rules” (revised April 2026) (hereinafter referred to as the “Stock Listing Rules”), the company’s stock has been under delisting risk warning and other risk warnings since May 6, 2026.

Tianyancha information shows that *ST Fucheng was established in 1998.