证券代码：603843 证券简称：*ST 正平 公告编号：2025-082 正平路桥建设股份有限公司 股票交易异常波动暨风险提示公告 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。 重要内容提示： ●二级市场交易风险。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 2025 年 11 月 14 日累计涨幅达 192.19%，公司于 2025 年 10 月 1 日、10 月 29 日披露《正平股份关于股票交易风险提示暨停牌核查的公告》（公告编 号：2025-064、2025-072），公司对股票交易异常波动情况进行了 2 次停牌核查，并 于 2025 年 10 月 16 日、2025 年 11 月 12 日披露了核查结果并复牌（公告编号：2025- 066、2025-078）。复牌后公司股票于 2025 年 11 月 12 日、11 月 13 日、11 月 14 日 连续三个交易日内收盘价格涨幅偏离值累计超过 12%，根据《上海证券交易所交易规 则》的有关规定，属于股票交易异常波动。公司股价短 ...

Core Viewpoint - *ST Zhengping has received an inquiry letter from the Shanghai Stock Exchange regarding its Q3 2025 financial report, focusing on litigation risks, non-standard audit opinions, subsidiary operations, and frozen funds [1][2][3][4]. Group 1: Litigation Risks - The company has faced 252 new lawsuits since the beginning of 2025, with a total amount involved of 498 million yuan, which accounts for 177.73% of the net assets as of Q3 [2][3]. - The inquiry requires the company to disclose details about the lawsuits, including the parties involved, background, progress, and whether these have been recognized as liabilities [2]. Group 2: Non-Standard Audit Opinions - The company received a non-opinion audit report for its 2024 annual report, leading to a risk warning for delisting [3]. - The inquiry emphasizes the need for the company to assess the impact of these non-standard opinions on the 2025 financial report and to disclose potential delisting risks if issues remain unresolved [3]. Group 3: Subsidiary Operations - Some subsidiaries are reported to have non-operational fund occupation by minority shareholders, and there are instances of illegal guarantees [4]. - The inquiry requests detailed disclosures about the main subsidiaries' operations, including financial data and any potential fund occupation or guarantee issues [4]. Group 4: Frozen Funds - As of Q3, the company reported a cash balance of 72.38 million yuan, while 81.66 million yuan is frozen due to guarantees and litigation [4]. - The inquiry demands an investigation into the reasons for the frozen funds and the status of unreturned raised funds, along with future repayment plans [4].

Core Viewpoint - The company *ST Zhengping announced an abnormal stock price fluctuation, with a cumulative increase of over 12% from November 12 to 14, 2023, despite a significant decline in financial performance [1] Financial Performance - For the third quarter of 2025, the company reported a total revenue of 652 million yuan, a year-on-year decrease of 20.92% [1] - The net profit attributable to the parent company was -99 million yuan, reflecting a year-on-year decline of 16% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -190 million yuan, showing a year-on-year decrease of 128.37% [1] Risk Factors - The company highlighted several risks, including the short-term stock price increase deviating from the fundamentals, the risk of delisting, potential other fund occupations, insufficient mineral extraction capacity, and continued operating losses [1]

的信息披露监管问询函的公告 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。 近日，正平路桥建设股份有限公司（以下简称"公司"）收到上海证券交易所 《关于正平路桥建设股份有限公司 2025 年三季报的信息披露监管问询函》（上证公 函【2025】3894 号，以下简称"问询函"），现将《问询函》内容公告如下： 证券代码：603843 证券简称：*ST 正平 公告编号：2025-083 正平路桥建设股份有限公司 关于收到上海证券交易所对公司 2025 年三季报 请你公司及全体董事、高级管理人员本着对投资者负责的态度，高度重视本函件 的要求，积极核实相关情况，切实保障上市公司及投资者的合法权益，收到本函件后 的 10 个交易日内书面回复我部并履行信息披露义务。 正平路桥建设股份有限公司： 根据本所《股票上市规则》第 13.1.1 条的规定，依据《上海证券交易所上市公 司自律监管指南第 1 号——公告格式》、《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》等规则的要求，我们对公司 2025 年三季报进行了事后审核。 为便 ...

Core Points - The company received an inquiry letter from the Shanghai Stock Exchange regarding its Q3 2025 financial disclosures, highlighting significant concerns about its financial health and compliance [1] Group 1: Legal and Financial Issues - The company has faced 252 new lawsuits since the beginning of 2025, involving a total of 49,765.27 million yuan, which represents 177.73% of its net assets as of the end of Q3 [1] - The 2024 annual report received a non-standard audit opinion, and if issues are not resolved by 2025, the company's stock may be delisted, necessitating an impact assessment [1] Group 2: Subsidiary Operations and Financial Data - Some subsidiaries are reported to have fund occupation and illegal guarantees, requiring the company to provide additional operational and financial data for these subsidiaries and conduct a self-examination of related circumstances [1] Group 3: Cash Flow and Fund Management - As of the end of Q3, the company had cash and cash equivalents amounting to 72.38 million yuan, which is insufficient to repay 190 million yuan of raised funds, prompting a need for self-examination regarding the reasons for the freeze and the failure to repay [1]

经济观察网*ST正平（603843）晚间公告，公司股票自2025年9月1日至11月14日累计涨幅达192.19%， 股价短期涨幅与同期上证指数、建筑行业存在严重偏离。同时，公司2024年年报被出具无法表示意见的 审计报告，股票已被实施退市风险警示。此外，公司存在违规担保情形，内部控制被出具否定意见的审 计报告，持续经营能力存在重大不确定性。若上述非标意见所涉事项在2025年度无法消除，公司股票将 被终止上市。 ...

Group 1 - The Shanghai Stock Exchange implemented self-regulatory measures on 240 cases of abnormal trading behaviors, including price manipulation and false declarations, from November 10 to 14, 2025 [1] - Stocks under risk warning for abnormal fluctuations include *ST Zhengping (603843) and *ST Yazhen (603389), which are subject to delisting risk alerts [1] - Companies such as Hezhong China (603122) and Huasheng Lithium Battery are under close monitoring due to severe abnormal fluctuations [1] Group 2 - The exchange conducted special investigations on 24 significant events related to listed companies [1]

Core Viewpoint - The Shanghai Stock Exchange has announced self-regulatory measures against 240 cases of abnormal trading behaviors, including price manipulation and false declarations, from November 10 to November 14, 2025 [1] Group 1: Regulatory Actions - The exchange will focus on monitoring stocks with abnormal fluctuations, specifically *ST Zhengping (603843) and *ST Yazhen (603389), which are under delisting risk warnings [1] - Additional stocks under close scrutiny include Hezhong China (603122) and Huasheng Lithium Battery, which have exhibited severe abnormal fluctuations [1] - The exchange will conduct special investigations into 24 significant events related to listed companies [1]

Core Viewpoint - The Shanghai Stock Exchange has implemented self-regulatory measures against 240 cases of abnormal trading behaviors, including price manipulation and false declarations, indicating a proactive approach to maintaining market integrity [1] Group 1: Regulatory Actions - The exchange has taken self-regulatory measures against 240 instances of abnormal trading activities, such as price manipulation and false declarations [1] - Specific stocks, including *ST Zhengping and *ST Yazhen, which are under risk warning for abnormal fluctuations, are being closely monitored [1] - The exchange is also focusing on 24 significant events related to listed companies for special investigations [1]

Core Viewpoint - The horse racing concept sector has seen a rise of 1.65%, ranking second among concept sectors, with five stocks increasing in value, notably *ST Zhengping hitting the daily limit up, and Hainan Rubber, Luoniushan, and Zhongmu Co. also showing significant gains [1][2]. Group 1: Sector Performance - The horse racing concept sector's increase of 1.65% places it among the top-performing sectors today [1][2]. - Other notable sectors include Hainan Free Trade Zone with a rise of 4.63% and Free Trade Port with an increase of 1.59% [2]. Group 2: Stock Performance - Within the horse racing concept sector, *ST Zhengping achieved a daily limit up, while Hainan Rubber rose by 2.79%, Luoniushan by 2.67%, and Zhongmu Co. by 0.87% [1][3]. - Hainan Rubber led in net inflow of main funds with 11.35 million yuan, while *ST Zhengping had a net inflow rate of 32.77% [3]. Group 3: Fund Flow Analysis - The horse racing concept sector experienced a net outflow of 2.9 million yuan today, with only two stocks seeing net inflows [2]. - The main fund inflow rates for *ST Zhengping and Hainan Rubber were 32.77% and 1.94%, respectively, indicating strong interest in these stocks [3].