证券代码：603843 证券简称：*ST 正平 公告编号：2025-036 正平路桥建设股份有限公司 股票交易异常波动公告 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。 ●因审计范围受限等原因，公司 2024 年年报被出具了无法表示意见的审计报告， 公司股票已被实施退市风险警示，如无法表示意见所涉事项在 2025 年度无法消除， 公司股票将被终止上市。同时，因 2024 年度内部控制被出具了否定意见的审计报告、 持续经营能力存在重大不确定性、存在违规担保情形，公司股票已被叠加实施其他风 险警示。 ●2024 年公司存在为控股股东控制的企业违规提供担保的情形，2024 年末违规 担保余额 3,500 万元，目前该违规担保情形已经解除（公告编号：2025-028）。 重要内容提示： ●正平路桥建设股份有限公司（以下简称"公司"）股票于 2025 年 7 月 21 日、7 月 22 日、7 月 23 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。 ●经公司自 ...

重要内容提示： ●2024 年，正平路桥建设股份有限公司（以下简称"公司"）控股子公司贵 州水利实业有限公司（以下简称"贵州水利"）的少数股东贵州欣汇盛源房地产 开发有限公司（以下简称"欣汇盛源"）存在对贵州水利的非经营性资金占用， 实际占用资金为 1,320.9219 万元（公告编号：2025-031）。 ●近日，欣汇盛源以现金方式归还占用资金 900 万元，截至本公告日，上述 占用资金余额为 420.9219 万元。 非经营性资金占用，2024 年末资金占用余额为 1,754.9219 万元。为妥善解决上 述资金占用事项，公司多次召开会议研究，积极督促相关方尽快采取合法有效的 方式解除占用情形，并派出由监事会主席及财务人员等组成的工作组，前往贵州 水利开展专项检查，详细核查资金占用情况，并对相关人员进行问询，认真了解 事项经过。 经公司核查，欣汇盛源实际占用金额为 1,320.9219 万元，其余 434 万元未 支付亦未构成实际占用，贵州水利已与相关单位签订协议，解除了连带责任保证， 上述 434 万元不再支付。（公告编号：2025-031）。 证券代码：603843 证券简称：*ST 正平 公告编号： ...

2024 年，公司控股子公司贵州水利的少数股东欣汇盛源存在对贵州水利的 非经营性资金占用，2024 年末资金占用余额为 1,754.9219 万元。为妥善解决上 述资金占用事项，公司多次召开会议研究，积极督促相关方尽快采取合法有效的 方式解除占用情形，并派出由监事会主席及财务人员等组成的工作组，前往贵州 水利开展专项检查，详细核查资金占用情况，并对相关人员进行问询，认真了解 事项经过。 经公司核查，欣汇盛源实际占用金额为 1,320.9219 万元，其余 434 万元未 支付亦未构成实际占用，贵州水利已与相关单位签订协议，解除了连带责任保证， 上述 434 万元不再支付。（公告编号：2025-031）。 近日，欣汇盛源以现金方式将占用资金 900 万元归还至贵州水利全资子公司 的银行账户内。截至本公告日，上述占用资金余额为 420.9219 万元。公司将继 续督促贵州水利与欣汇盛源尽快偿还其他占用资金，抓紧消除占用情形。 证券代码：603843 证券简称：*ST 正平 公告编号：2025-035 正平路桥建设股份有限公司 关于控股子公司非经营性资金占用事项进展的公告 本公司董事会及全体董事保证本公告内容不存在 ...

Performance Forecast - The company anticipates a net profit attributable to shareholders for the first half of 2025 to be between -85 million yuan and -125 million yuan, indicating an increase in losses year-on-year [1][2] - After excluding non-recurring gains and losses, the expected net profit is projected to be between -80 million yuan and -120 million yuan, also reflecting an increase in losses compared to the previous year [1][2] Previous Year Comparison - In the same period of 2024, the company reported a total profit of -93.82 million yuan, with a net profit attributable to shareholders of -78.40 million yuan; after excluding non-recurring gains and losses, the net profit was -74.90 million yuan [1][2] Reasons for Performance Change - The decline in performance is attributed to reduced local infrastructure investment, decreased market demand in the construction industry, and intensified competition, leading to fewer new orders and a drop in construction revenue [2] - Increased litigation costs and overdue payment interest, along with tighter cash flow from project owners, have resulted in a decrease in project receivables compared to the same period last year, contributing to an expected increase in credit impairment losses [2]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company projects a net loss for the first half of 2025, with attributable net profit expected between **-85 million and -125 million RMB**, indicating a widened loss year-over-year Performance Indicators (Estimated for H1 2025) | Performance Indicator | Estimated Amount (RMB) | Notes | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | -85 million to -125 million | Year-over-year loss increase | | Net Profit After Deducting Non-Recurring Gains and Losses | -80 million to -120 million | Year-over-year loss increase | [Review of Prior Period Performance](index=1&type=section&id=II.%20Operating%20Performance%20and%20Financial%20Position%20in%20Prior%20Period) In the first half of 2024, the company reported a net loss of **-78.40 million RMB** attributable to shareholders, with the current period's projected loss showing a significant increase Performance Indicators (H1 2024) | Performance Indicator (H1 2024) | Amount/Value (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | -78.40 million | | Net Profit After Deducting Non-Recurring Gains and Losses | -74.90 million | | Earnings Per Share | -0.11 | [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The widening loss is primarily attributed to reduced orders and revenue due to an unfavorable external environment, coupled with increased internal costs and higher credit impairment losses - External Environment Impact: Affected by reduced local infrastructure investment, decreased market demand in the construction industry, and intensified competition, the company's new orders have decreased, leading to a decline in construction business revenue[7](index=7&type=chunk) - Internal Costs and Bad Debt Impact: Litigation and arbitration matters have led to increased litigation expenses and overdue payment interest; concurrently, due to tight funding from project owners, project collections are lower than the same period last year, and credit impairment provisions are expected to increase year-over-year[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is a preliminary financial estimate and has not been audited, implying potential differences in final reported figures - The data in this performance forecast represents preliminary calculations by the company's finance department and has not been audited by an accounting firm[8](index=8&type=chunk) [Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) Investors are advised to refer to the official semi-annual report published on designated media and the Shanghai Stock Exchange website for final financial data and to be mindful of investment risks - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk) - The company's designated information disclosure media are China Securities Journal, Shanghai Securities News, Securities Daily, and the Shanghai Stock Exchange website (www.sse.com.cn)[9](index=9&type=chunk)

Core Viewpoint - *ST Zhengping has experienced a decline in stock price, currently trading at 2.79 yuan, with a drop of 3.46% [1] Group 1: Company Overview - *ST Zhengping was listed on the Shanghai Stock Exchange on September 5, 2016, with an issuance of 99.7 million shares at a price of 5.03 yuan per share [1] - The total amount raised during the IPO was 501.49 million yuan, with a net amount of 450 million yuan after expenses [1] - The underwriting institution for the IPO was Shenwan Hongyuan Securities, with representatives Huang Cheng and Dong Benjun [1] Group 2: Fundraising Activities - In a non-public offering disclosed on August 27, 2021, *ST Zhengping issued 140 million A-shares at a price of 3.15 yuan per share, raising a total of 440 million yuan [2] - After deducting underwriting fees of 3.8 million yuan and other expenses of 1.32 million yuan, the net amount raised was 435 million yuan, increasing the share capital by 140 million yuan and capital reserves by 295 million yuan [2] - Since its listing, *ST Zhengping has raised a total of 941 million yuan through two fundraising activities [2] Group 3: Current Status - *ST Zhengping is currently in a state of stock price decline, having experienced a significant drop since its IPO [2] - The company announced a dividend plan in July 2019, proposing a stock bonus of 4 shares for every 10 shares held, along with a cash dividend of 0.3 yuan per share [2]

New Stock Issuance - Huadian New Energy (证券代码: 730930) issued shares at a price of 3.18 on July 7, 2025[1] - Jichuan Pharmaceutical (证券代码: 600566) has a tender offer period from June 18 to July 17, 2025[1] - ST Yazhen (证券代码: 603389) has a tender offer period from June 10 to July 9, 2025[1] Trading Alerts - The last trading day for TSM Jinguang (证券代码: 600190) is in 9 trading days[1] - The last trading day for TSM Jinyou (证券代码: 600462) is in 5 trading days[1] - The last trading day for TSM Gongzhi (证券代码: 000584) is in 3 trading days[1] Abnormal Fluctuations - Northern Long (证券代码: 301357) is experiencing severe abnormal fluctuations[1] - ST Dongjing (证券代码: 002199) reported abnormal fluctuations[3] - ST Yunchuang (证券代码: 835305) reported abnormal fluctuations on July 4, 2025[3]

Core Viewpoint - The recent disclosures from *ST Zhengping reveal significant governance issues, including misuse of funds, undisclosed guarantees, and internal control failures, raising concerns about the company's financial health and operational integrity [2][3][4]. Group 1: Financial Mismanagement - The company’s subsidiary, Guizhou Water Conservancy, has been used as a "cash machine," with non-operational fund occupation amounting to 13.21 million yuan, primarily for repaying high-interest private loans and daily expenses [2]. - A guarantee of 35 million yuan was provided by a controlling shareholder for an affiliated company without any formal approval process, highlighting a lack of corporate governance [2]. - The company has delayed the repayment of 190 million yuan raised for a project, citing various issues, which raises liquidity concerns [2]. Group 2: Audit and Legal Issues - The audit firm, Dahua CPA, issued a qualified opinion due to significant discrepancies in revenue and costs, with 2024 revenue reported at 1.362 billion yuan (down 28.53% year-on-year) and costs at 1.434 billion yuan (down 23.47% year-on-year), indicating potential revenue recognition fraud [3]. - The company faces a growing number of lawsuits, with 208 cases involving a total of 139 million yuan, yet it has not accounted for any expected liabilities, raising questions about the completeness of its financial obligations [3]. Group 3: Internal Control Failures - Despite claims of establishing an internal control team and revising policies, frequent turnover in key positions and unauthorized guarantees by the controlling shareholder indicate a lack of effective governance [4]. - The company’s stock has been marked as "*ST" due to ongoing concerns about internal controls and the uncertainty of continued operations, with overdue funds and unrecouped amounts further exacerbating the situation [4].

证券代码：603843 证券简称：*ST 正平 公告编号：2025-032 正平路桥建设股份有限公司 关于公司股票被实施其他风险警示相关事项的进展公告 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： ●正平路桥建设股份有限公司（以下简称"公司"或"正平股份"）因 2024 年度 内部控制被出具了否定意见的审计报告、持续经营能力存在重大不确定性、存在违规 担保情形，公司股票自 2025 年 5 月 6 日起被实施其他风险警示，具体内容详见公司 于 2025 年 4 月 30 日披露的《关于公司股票被实施退市风险警示及其他风险警示暨停 牌的公告》（公告编号：2025-018）。 ●2024 年公司存在为控股股东控制的企业违规提供担保的情形，2024 年末违规 担保余额 3,500 万元，目前该违规担保情形已经解除（公告编号：2025-028）。 股票被实施退市风险警示及其他风险警示暨停牌的公告》（公告编号：2025-018）。 二、解决措施及进展情况 1、违规担保 2024 年，公司存在为控股股东控制的企业违规提供 ...

证券代码：603843 证券简称：*ST 正平 公告编号：2025-033 正平路桥建设股份有限公司 股票交易异常波动公告 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： ●正平路桥建设股份有限公司（以下简称"公司"）股票于 2025 年 7 月 1 日、7 月 2 日、7 月 3 日连续三个交易日内收盘价格跌幅偏离值累计超过 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。 ●经公司自查，并书面征询控股股东及实际控制人，截至本公告披露日，不存在 应披露而未披露的重大事项或重要信息。 ●因审计范围受限等原因，公司 2024 年年报被出具了无法表示意见的审计报告， 公司股票已被实施退市风险警示，如无法表示意见所涉事项在 2025 年度无法消除， 公司股票将被终止上市。同时，因 2024 年度内部控制被出具了否定意见的审计报告、 持续经营能力存在重大不确定性、存在违规担保情形，公司股票已被叠加实施其他风 险警示。 ●2024 年公司存在为控股股东控制的企业违规提供担保的情形，2024 年末 ...