Huilun Crystal has officially released its 2025 annual performance forecast. The report indicates that the company expects its full-year net profit attributable to listed shareholders to record a loss ranging from 120 million to 160 million yuan. Compared to the loss of 189 million yuan in the same period last year, the forecast shows a narrowing loss range. Additionally, net profit after deducting non-recurring gains and losses is projected to be a loss of 130 million to 170 million yuan, while operating revenue is expected to remain between 550 million and 620 million yuan, largely consistent with previous years.

Regarding the ongoing losses, the company attributed the situation primarily to intense competition in downstream industries such as consumer electronics, which has led to persistently low product selling prices. Simultaneously, the company made substantial provisions for asset impairment related to long-term assets, inventory, and receivables. Specifically, impairment of long-term assets is estimated between 20 million and 25 million yuan, while inventory impairment ranges from 38 million to 50 million yuan, further increasing the reported loss.

Amidst performance pressures, Huilun Crystal's prior regulatory violations have also been concluded. On January 12, 2026, the company received a formal administrative penalty decision. Although its stock price surged by 10.27% that day, influenced by the commercial aerospace sector, historical information disclosure violations remain a market focus.

According to earlier announcements, the company has been subject to other risk warnings due to false records of financial indicators in its annual reports. The violations primarily involve two aspects: first, related-party fund occupation that occurred in 2020 and subsequent concealment, leading to inflated costs and understated profits; second, inflated revenue through fabricated orders and business documents, resulting in severely distorted financial data.

Investigations reveal that the first violation dates back to 2020, with a scope broader than previously disclosed. Although the concealment of fund occupation appeared as a "bear trap" in form, its core purpose still constitutes a "bull trap" type of false statement. Currently, investor rights protection and claims related to these violations are ongoing.

Investors who meet the following criteria may participate in the claim: those who purchased shares between April 23, 2021, and April 24, 2025 (inclusive), and sold or still held the shares at a loss after April 25, 2025.