From September 17 to 19, 2025, *ST A-Zenith's stock price deviation accumulated to 12% over three consecutive trading days, indicating abnormal fluctuations. The company is currently operating normally and has completed the acquisition of 51% equity in Guangxi Zirconium Industry. However, the company faces multiple risks, including a net profit loss for the first half of 2025, and its stock has been subject to delisting risk warnings. If the audited relevant indicators for 2025 do not meet standards, it will face the risk of termination of listing. Additionally, there is uncertainty regarding the integration and operation with its subsidiary Guangxi Zirconium Industry, the company's rolling price-to-earnings ratio is in loss, and its price-to-book ratio is significantly higher than industry standards, leading to large short-term stock price fluctuations. The company reminds investors to make rational decisions and pay attention to investment risks