| 盈新发展 | 2 | 具身智能 | | --- | --- | --- | | 中水渔业 | 2 | 三田 | | *ST节能 | 2 | 储能 | | 华瓷股份 | 2 | 陶瓷 | | 嘉应制药 | 2 | 中药 | | 日上集团 | 2 | 机器人 | | 中富通 | 2 | 华为+Al智能体 | | 中一科技 | 2 | 固态电池 | | ST景谷 | 2 | 算力 | | 大东方 | 2 | 零售+医疗 | | 大有能源 | 2 | 煤炭 | | *ST华峡 | 2 | 风电 | | 和顺石油 | 2 | 半島体 | | 日出东方 | 2 | 光伏+储能 | 11月17日，Wind数据显示，A股市场共计100只个股涨停。其中锂电股孚日股份收获8连板，跨境电商板 块三木集团7连板。一图速览今日连板股>> 第□财经 | 跨境电商板块三木集团7连板。一图速览今日连板股>> | | 连板股 11.17 一板股股 11.17 | | | --- | --- | --- | | 股票名称 | 连板天数 | 所属概念 | | *ST正平 | 9 | 智算服务 | | 孚日股份 | 8 | 锂电池 | | *S ...

Core Viewpoint - The company, Zhengping Road and Bridge Construction Co., Ltd., is facing significant scrutiny from the Shanghai Stock Exchange regarding its 2025 Q3 financial disclosures, particularly concerning litigation risks, audit opinions, subsidiary operations, and cash flow issues [1][2][3][4][5][8][9][10][15][16] Group 1: Litigation Risks - The company has been involved in 252 new lawsuits since the beginning of 2025, with a total amount of 497.65 million yuan, which represents 177.73% of its net assets as of Q3 [2] - The company is required to disclose whether these lawsuits have been recognized as liabilities and to verify the accuracy of its project cost measurements [2] Group 2: Audit Opinions - The company received an audit report for 2024 that was unable to express an opinion, leading to a risk warning for delisting [3][9] - The audit highlighted issues with unrecorded interest on external loans and the accuracy of project cost measurements, which remain unresolved [3][9] Group 3: Subsidiary Operations - Some subsidiaries are facing operational risks due to non-operational fund occupation by minority shareholders and illegal guarantees [4] - The company must disclose the operational status and financial data of its subsidiaries, including total assets and net profits [4] Group 4: Cash Flow Issues - As of Q3, the company reported cash and cash equivalents of 72.38 million yuan, with 81.66 million yuan frozen due to litigation [5][10] - The company has not been able to repay 190 million yuan of raised funds, raising concerns about its liquidity and operational continuity [5][10] Group 5: Financial Performance - The company reported a revenue of 1.362 billion yuan in 2024, with a net loss of 484 million yuan, and for Q3 2025, it achieved a revenue of 652 million yuan with a net loss of 99 million yuan [10][16] - The company is experiencing a decline in revenue and profitability, with significant year-on-year decreases [10][16] Group 6: Market Risks - The company's stock has seen a cumulative increase of 192.19% from September 1 to November 14, 2025, leading to concerns about market speculation and potential price corrections [8][11][14] - The stock has been subject to abnormal trading fluctuations, with significant deviations from the overall market and industry performance [8][11][14]

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]

Core Points - The stock of *ST Zhengping (603843)* has experienced a cumulative increase of 192.19% from September 1 to November 14, 2025, significantly deviating from the Shanghai Composite Index and the construction industry during the same period [1] - The company received an audit report with a disclaimer of opinion for its 2024 annual report, leading to a delisting risk warning for its stock [1] - There are instances of illegal guarantees and a negative opinion on internal controls, indicating significant uncertainty regarding the company's ability to continue as a going concern [1] - If the issues related to the non-standard opinions are not resolved in the 2025 fiscal year, the company's stock will be terminated from listing [1]

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]