Core Viewpoint - The Shanghai Stock Exchange has implemented self-regulatory measures in response to abnormal trading activities, highlighting a focus on maintaining market integrity and investor protection [1] Group 1: Regulatory Actions - The Shanghai Stock Exchange took self-regulatory measures against 152 cases of abnormal trading behaviors, including price manipulation and false declarations during the week of October 20 to October 24, 2025 [1] - Specific stocks, such as *ST Zhengping, Tianpu Co., and Dayou Energy, are under close monitoring due to significant abnormal price fluctuations [1] - The exchange sent out 10 regulatory work letters and required 5 companies to disclose supplementary or corrected announcements [1] Group 2: Investigations and Reporting - The exchange initiated special investigations into 30 major corporate events and reported one suspected illegal case to the China Securities Regulatory Commission [1] - There were 11 cases of insider trading and abnormal trading investigations triggered by companies disclosing sensitive information or experiencing significant price anomalies [1]

Core Insights - The Shanghai Stock Exchange has implemented self-regulatory measures against 152 cases of abnormal trading behaviors, including price manipulation and false declarations, from October 20 to October 24 [1] - Stocks under risk warning for abnormal fluctuations include *ST Zhengping, as well as Tianpu Co. and Dayou Energy, which are under close monitoring for severe abnormal volatility [1] - The exchange has conducted special investigations into 30 major corporate events and reported one suspected illegal case to the China Securities Regulatory Commission [1]

证券代码：603843 证券简称：*ST 正平 公告编号：2025-070 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 10 月 24 日累计涨幅为 129%，期间 19 天涨停，6 次触及股 票交易异常波动。公司已对前期股票交易异常波动情况进行了停牌核查，于 2025 年 10 月 16 日披露了核查结果并复牌；复牌后公司股票于 2025 年 10 月 16 日、10 月 22 日、10 月 23 日、10 月 24 日再次涨停，且 2025 年 10 月 22 日至 10 月 24 日连续 3 个 交易日内收盘价格涨幅偏离值累计超过 12%，再次触及股票交易异常波动。公司股票 短期涨幅与同期上证指数、建筑行业存在严重偏离。股价上涨过快，严重脱离基本面， 并积累了较高的交易风险。敬请广大投资者理性投资并注意投资风险。 ●公司存在终止 ...

证券代码：603843 证券简称：*ST 正平 公告编号：2025-069 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"）股票价格短期涨幅较大，公司 郑重提醒广大投资者关注公司存在的风险，理性决策，审慎投资。相关风险提示具体 如下： 一、二级市场交易风险 三、公司矿产资源开采能力不足 公司全资子公司格尔木生光矿业开发有限公司取得了青海省自然资源厅颁发的 《采矿许可证》。公司开采能力不足,矿产资源开发未来需大规模投入建设和运营，但 公司目前无充足资金、人员及设备等用于后续开采，矿产资源后续开采进展、能否产 生 收 益 均 存 在 重 大 不 确 定 性 。 截 止 2025 年 6 月 30 日 ， 公 司 货 币 资 金 为 101,723,487.39 元，其中因农民工专户保证金、诉讼冻结等受限的货币资金 81,664,227.39 元，资产负债率为 92.22%。受制于资金投入、市场环境、行业政策及 外部环境、人员缺乏等多重 ...

Core Viewpoint - The company *ST Zhengping has experienced a significant stock price increase of 107.81% from September 1, 2025, to October 22, 2025, with 17 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Financial Summary - As of June 30, 2025, the company's cash funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as migrant workers' guarantee deposits and litigation freezes [1] - The company's asset-liability ratio stands at 92.22%, indicating a high level of debt relative to its assets [1] Operational Challenges - The company's wholly-owned subsidiary, Golmud Shengguang Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Department of Natural Resources [1] - The company faces significant challenges in mining resource development due to insufficient mining capacity and the need for substantial investment in construction and operations [1] - There is a major uncertainty regarding the progress of subsequent mining resource development and the potential for generating revenue, influenced by funding constraints, market conditions, industry policies, and external factors [1]

公司股票自 2025 年 9 月 1 日至 2025 年 10 月 22 日累计涨幅为 107.81%，期间 17 天涨停，5 次触及股票交易异常波动，公司已对前期股票交易异常波动情况进行了停 牌核查，于 2025 年 10 月 16 日披露了核查结果并复牌，具体内容详见公司在上交所 网站（www.sse.com.cn）及指定信息披露媒体披露的《关于股票交易停牌核查结果暨 复牌的公告》（公告编号：2025-066）。复牌后公司股票于 2025 年 10 月 16 日、10 月 22 日再次涨停。公司股价短期涨幅与同期上证指数、建筑行业存在严重偏离。股价上 涨过快，严重脱离基本面，并积累了较高的交易风险。敬请广大投资者理性投资并注 意投资风险。 二、公司存在终止上市风险 证券代码：603843 证券简称：*ST 正平 公告编号：2025-068 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"）股票价格短期涨幅较大，公司 郑重提醒广大 ...

Core Viewpoint - *ST Zhengping's stock has experienced a significant increase of 107.81% from September 1, 2025, to October 22, 2025, with 17 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Group 1: Company Developments - The company's wholly-owned subsidiary, Golmud Shengguang Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Natural Resources Department [1] - The company faces challenges in mining capacity, requiring substantial investment for future resource development and operations [1] Group 2: Financial Condition - As of June 30, 2025, the company's monetary funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as migrant workers' account deposits and litigation freezes [1] - The company's asset-liability ratio stands at 92.22%, indicating a high level of financial leverage [1] Group 3: Uncertainties and Risks - The future progress of mineral resource development and the potential for generating revenue are subject to significant uncertainties due to multiple factors, including funding constraints, market conditions, industry policies, external environments, and personnel shortages [1]

Core Viewpoint - *ST Zhengping (603843) has issued a stock trading risk warning, highlighting significant stock price volatility and potential delisting risks due to ongoing operational and financial challenges [1] Group 1: Stock Performance - The company's stock has experienced a cumulative increase of 107.81% from September 1 to October 22 [1] - During this period, the stock has hit the daily limit up for 17 days and has encountered abnormal trading fluctuations 5 times [1] Group 2: Operational and Financial Risks - There is a risk of delisting due to the company's insufficient mineral resource extraction capacity [1] - The company has unresolved issues regarding the occupation of non-operating funds [1] - The company has been experiencing continuous losses in its financial performance [1]

Core Viewpoint - The company *ST Zhengping has experienced a significant stock price increase of 107.81% from September 1, 2025, to October 22, 2025, with 17 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Group 1: Company Developments - The company's wholly-owned subsidiary, Golmud Shengguang Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Department of Natural Resources [1] - The company faces challenges in mining capacity, requiring substantial investment for future resource development and operations [1] Group 2: Financial Condition - As of June 30, 2025, the company's cash funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as migrant workers' account deposits and litigation freezes [1] - The company's debt-to-asset ratio stands at 92.22%, indicating a high level of financial leverage [1] Group 3: Uncertainties and Risks - The future progress of mineral resource development and the potential for generating revenue are subject to significant uncertainties due to factors such as funding constraints, market conditions, industry policies, external environments, and personnel shortages [1]

Core Viewpoint - *ST Zhengping (rights protection) experienced a 5.08% increase in stock price, closing at 5.59 yuan, indicating positive market sentiment towards the company [1]. Trading Activity - A significant block trade occurred, with a total volume of 360,000 shares and a transaction amount of 1.9152 million yuan [1]. - The first transaction price was 5.32 yuan for 360,000 shares, reflecting a discount with a premium rate of -4.83% [1]. - The buyer was from Zhongtai Securities Co., Ltd., while the seller was from Huaxi Securities Co., Ltd. [1].