每经AI快讯，2月13日，据上交所发布消息，上交所本周对81起拉抬打压、虚假申报等证券异常交易行 为采取了自律监管措施，对*ST岩石（600696）、*ST正平（603843）等异常波动退市风险警示股票， 以及天普股份（605255）等严重异常波动股票进行重点监控，对23起上市公司重大事项等进行专项核 查，向证监会上报涉嫌违法违规案件线索3起。 ...

证券代码：603843 证券简称：*ST 正平 公告编号：2026-026 正平路桥建设股份有限公司 ●2024 年度内控审计为否定意见，2025 年度若继续被出具非标意见将面临规 范类退市风险。公司 2024 年度内部控制审计报告被出具否定意见，2025 年度内部 控制有效性需以年审会计师出具的 2025 年度内部控制审计意见为准。若 2025 年 度内部控制审计报告仍被出具否定意见或无法表示意见，公司股票将触及《上海 证券交易所股票上市规则》规定的规范类强制退市相关条款，面临被终止上市的 风险。 ●公司预重整债权申报为部分债权申报，公司部分控股子公司未被纳入本次 预重整债权申报范围，债权申报准确性、完整性存在重大不确定性，公司可能难 以通过本次债权申报消除非标意见所涉事项。公司预重整债权申报涉及母公司及 部分子公司债权申报及调查，公司部分控股子公司如贵州金九金、隆地电力等均 未被纳入本次预重整债权申报及债权调查范围。考虑到相关子公司业务规模较大， 涉及债务较多，因相关公司未被纳入预重整债权申报范围，公司可能难以通过本 次预重整债权申报消除 2024 年非标意见所涉及的工程项目成本费用、外部借款计 量的准确 ...

Core Viewpoint - The company, Zhengping Co., announced a significant stock price increase of 127.51% from September 1, 2025, to February 6, 2026, accompanied by high volatility in its stock price [1] Risk Factors - The company highlights several risks, including high secondary market trading risk [1] - There is a risk of delisting due to negative net assets, with the company's net assets reported at 280 million yuan as of the end of Q3 2025, and potential impairment from receivables [1] - The possibility of receiving a non-standard audit opinion exists [1] - If internal control audits continue to receive non-standard opinions in 2025, the company may face regulatory delisting [1] - There is uncertainty regarding the declaration of pre-restructuring creditor claims [1] - The ability to enter restructuring procedures is uncertain [1] - The company does not rule out the possibility of fund occupation and illegal guarantees [1] - There are concerns about insufficient mining capacity [1] - Mining rights may be subject to freezing [1] - The recruitment of restructuring investors is uncertain [1]

证券代码：603843 证券简称：*ST 正平 公告编号：2026-025 正平路桥建设股份有限公司 关于股票交易的风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 正平路桥建设股份有限公司（以下简称"公司"）股票自 2025 年 9 月 1 日至 2026 年 2 月 6 日期间累计涨幅达 127.51%，期间公司股价呈现连续涨停与连续跌停交替的 剧烈波动走势，交易风险高度累积。公司多次发布股票交易异常波动及风险提示公告， 请广大投资者充分关注公司存在的相关风险，理性决策，审慎投资。 一、二级市场交易风险。 公司股票自 2026 年 1 月 6 日至 9 日连续 4 个交易日涨停，累计涨幅达 20.74%； 2026 年 1 月 12 日至 1 月 29 日期间 7 个交易日跌停，累计跌幅达 24.96%；2026 年 1 月 30 日至 2 月 6 日期间 3 个交易日涨停，累计涨幅达 19.77%。公司基本面未发生重 大变化，股价剧烈交替波动已积累较高交易风险，投资者盲目参与可能面临重大损失。 请投资者关注公 ...

Core Viewpoint - The company *ST Zhengping has experienced a significant stock price fluctuation, with a cumulative increase of 127.51% from September 1, 2025, to February 6, 2026, characterized by alternating trading halts, indicating heightened trading risks [1] Financial Performance - As of the end of Q3 2025, the company's net assets attributable to shareholders stood at only 280 million yuan [1] - The company has substantial receivables amounting to 1.12 billion yuan, contract assets of 2.175 billion yuan, and other receivables of 355 million yuan, raising concerns about potential credit risks due to weak repayment capabilities of some clients [1] Risk Factors - There is a significant risk of delisting due to negative net assets, as the annual audit report indicates uncertainty regarding the company's ability to achieve positive net assets by the end of 2025 [1] - The company may face additional risks of undisclosed liabilities during the pre-restructuring debt claim process, which could further contribute to negative net assets for the audited year 2025 [1]

Core Viewpoint - Zhengping Road and Bridge Construction Co., Ltd. has initiated a pre-restructuring process due to significant financial risks, including potential delisting and other financial irregularities [1][4]. Group 1: Company Announcement - On February 6, 2026, Zhengping announced the initiation of pre-restructuring as per a court decision made on December 24, 2025, by the Intermediate People's Court of Xining, Qinghai Province [1][4]. - The court appointed Beijing Jindu Law Firm and Xining Qingshi Liquidation Co., Ltd. as temporary administrators to oversee the restructuring process [1]. - The announcement highlighted risks related to potential delisting and the possibility of other financial issues such as fund misappropriation and illegal guarantees [1]. Group 2: Legal and Compensation Information - Zhengping was previously penalized by the China Securities Regulatory Commission for information disclosure violations on March 29, 2024, which may lead to compensation liabilities for investors [4]. - Investors who purchased Zhengping shares between April 29, 2022, and January 22, 2024, and continued to hold or sold at a loss after January 23, 2024, are eligible to claim compensation [2][5]. - Required documentation for claims includes stock transaction statements and a copy of the investor's ID [6].

Core Viewpoint - *ST Zhengping (603843) faces significant delisting risk due to potential negative net assets as highlighted in a regulatory letter from the Shanghai Stock Exchange regarding its 2025 performance forecast [1] Group 1: Regulatory Concerns - The regulatory letter emphasizes three main issues: potential asset impairment leading to negative net assets, completeness of pre-restructuring debt claims, and accuracy of revenue and cost accounting [1] - The company’s performance forecast indicates expected revenue between 950 million to 1.35 billion yuan, with a projected net loss, although net assets are reported as positive [1] - The annual auditor has not confirmed the positive net assets and noted unresolved issues from the 2024 financial report, suggesting a high likelihood of receiving a non-standard opinion for the 2025 report [1] Group 2: Financial Disclosure Requirements - The regulatory body requires detailed disclosure of over 3.6 billion yuan in accounts receivable and contract assets, along with a careful assessment of impairment risks for long-term equity investments [1] - The ongoing pre-restructuring process has raised concerns about the completeness of debt claims, as major debt subsidiaries like Guizhou Jinjijin Construction were not included, leading to doubts about debt integrity [1] - The company is also required to provide detailed explanations regarding previous internal control failures related to revenue recognition and cost measurement to validate the accuracy of the 2025 financial data [1]

Core Viewpoint - *ST Zhengping has announced an expected positive net asset value by the end of 2025, but has received further inquiries from regulators regarding its financial stability and potential delisting risks [2][6]. Financial Performance and Projections - The company forecasts a net asset value between 250 million to 370 million yuan by the end of 2025, despite anticipated losses in net profit [2][6]. - The expected operating revenue for 2025 is projected to exceed 300 million yuan [6]. Regulatory Inquiries - The Shanghai Stock Exchange has issued a regulatory letter requiring *ST Zhengping to verify and supplement details related to its 2025 performance forecast, focusing on three main issues: impairment of receivables, validity of debt claims, and revenue recognition [5][9]. - The company has been asked to clarify the expected recovery time for receivables totaling 3.65 billion yuan, which significantly exceeds its projected net assets [9]. Audit Concerns - The annual auditor has expressed uncertainty regarding the company's ability to achieve a positive net asset value, highlighting the risk of delisting due to negative net assets [6][10]. - Issues related to revenue recognition and cost measurement have led to non-standard audit opinions for 2024, which may affect the 2025 financial report [10]. Internal and External Challenges - The actual control of *ST Zhengping is under pressure, with all shares held by its controllers frozen due to lawsuits related to unpaid bank loans totaling 1.03 billion yuan and 12 million yuan [11][14]. - The company's stock has experienced significant volatility, with a cumulative increase of 52.69% followed by a drop of 24.96% within a short period [14][18].

Mergers and Acquisitions - Jianhui Information plans to acquire 38% equity of Boke Guoxin (Wuhan) Technology Co., Ltd. for RMB 73.71 million, increasing its stake from 32% to 70%, making it a controlling subsidiary [1] - Tianqimo is planning to acquire equity in Dongshi Automotive Technology Group Co., Ltd. through a combination of issuing shares and cash payments, while also raising supporting funds [2] - Jiangfeng Electronics intends to acquire 15.64% of Kaide Quartz for RMB 448 million, with related parties also purchasing shares, resulting in Jiangfeng becoming the controlling shareholder [3] Shareholding Changes - Beijia Clean has multiple shareholders planning to reduce their holdings by a total of up to 2.9926%, with specific reductions from various entities [4] - Kangpeng Technology announced that shareholders plan to collectively reduce their holdings by up to 5.22%, with specific amounts and percentages detailed for each shareholder [5] - Xianheng International reported that several shareholders intend to reduce their holdings by up to 3%, totaling 1,228,180 shares [6] Risk Matters - *ST Zhengping received a regulatory letter from the Shanghai Stock Exchange regarding its 2025 performance forecast, indicating expected revenue over RMB 300 million but a net loss, with concerns raised by the annual auditor [7] - Beiqing Song's actual controller, Ma Xuejun, is under investigation for alleged market manipulation, although it is stated that this will not significantly impact the company's daily operations [8][9] - *ST Lifang announced a risk of rapid stock price decline and will suspend trading for verification, marking its third suspension this year, with a recent closing price of RMB 2.78 and a market cap of approximately RMB 1.8 billion [10]

登录新浪财经APP 搜索【信披】查看更多考评等级 公司同时提示广大投资者理性投资，注意投资风险。有关公司信息请以公司在上海证券交易所网站及指 定信息披露媒体《中国证券报》刊登的相关公告为准。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，不代表新浪财经观 点，任何在本文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑 问，请联系biz@staff.sina.com.cn。 责任编辑：小浪快报 *ST正平（维权）（证券代码：603843）近日发布公告称，公司因与中国银行股份有限公司西宁城中支 行（下称"中行城中支行"）的借款合同纠纷被提起诉讼，涉案金额达7441.91万元。目前该案件已由法 院受理，但尚未开庭审理。 公告显示，此次诉讼源于公司未能按期履行《流动资金借款合同》约定的还款义务。具体来看，公司分 别于2023年12月4日和2024年6月12日与中行城中支行签订借款合同，借款本金分别为4600万元和2250万 元，合计6850万元。合同中对利息还款期限及支付方式等条款均有明确约定。 为保障上述两笔贷款的按期偿还，公司子公司青海 ...