Core Viewpoint - *ST Zhengping announced a stock trading anomaly investigation, leading to a suspension of trading starting October 29, with a maximum suspension period of 10 trading days [1] Company Summary - *ST Zhengping's stock price increased by 152.42% from September 1 to October 28, with 21 days of trading halts and 5 instances of abnormal trading fluctuations [1] - The stock's short-term rise significantly deviated from the Shanghai Composite Index and the construction industry [1] - The company faces delisting risks due to insufficient mineral resource extraction capacity, unresolved non-operating fund occupation, and continuous losses [1] - Despite the stock price surge, the company stated that there have been no significant changes in its fundamentals, but the trading price has diverged greatly from its current fundamental situation, indicating potential market risks for investors [1] - From October 22 to 28, *ST Zhengping achieved 5 consecutive trading halts [1]

Core Viewpoint - The news summarizes important announcements from various companies, highlighting stock suspensions, significant profit growth, and major contracts signed, which may present investment opportunities and insights into market trends [1][2]. Stock Suspensions - *ST Zhengping announced that its stock will be suspended from trading starting October 29, 2025, due to a significant price increase of 152.42% from September 1 to October 28, 2025, and abnormal trading fluctuations [3]. - Gongjin Co. announced a stock suspension starting October 27, 2025, due to the major shareholder planning a share transfer that may lead to a change in control [4]. Investment Activities - Juyuan Technology's subsidiary plans to invest 150 million yuan in establishing an industrial fund focused on chips, integrated circuits, and other high-growth sectors [5]. - YN Holdings decided to terminate investments in 17 distributed photovoltaic projects, originally planned to cost 1.197 billion yuan, due to changes in market conditions [6]. Earnings Reports - Suliy Co. reported a 2750% increase in net profit for Q3 2025, with revenue of 762 million yuan, up 26% year-on-year [8]. - Xianda Co. reported a net profit of 59.85 million yuan for Q3 2025, a 5447% increase, despite a 5.59% decline in revenue [9]. - Yutong Bus reported a net profit of 1.357 billion yuan for Q3 2025, a 78.98% increase, with revenue of 10.237 billion yuan, up 32.27% [10]. - Juxin Technology reported a net profit of 60.27 million yuan for Q3 2025, a 101.09% increase, with revenue of 273 million yuan, up 46.64% [11]. - Guanghong Technology reported a net profit of 99.61 million yuan for Q3 2025, a 99.68% increase, with revenue of 2.937 billion yuan, up 57.46% [12]. - Mingzhi Electric reported a net profit of 22.88 million yuan for Q3 2025, a 215.97% increase, with revenue of 729 million yuan, up 28.98% [13]. - Zhongwei Semiconductor reported a net profit of 65.82 million yuan for Q3 2025, a 3.66% decrease, with revenue of 269 million yuan, up 21.88% [14]. - Yiming Pharmaceutical reported a net profit of 44.21 million yuan for Q3 2025, a 1934.12% increase, with revenue of 178 million yuan, up 10.37% [15]. - Weilan Bio reported a net profit of 35.06 million yuan for Q3 2025, a 205.02% increase, with revenue of 364 million yuan, up 8.09% [16]. - Baiyunshan reported a net profit of 794 million yuan for Q3 2025, a 30.28% increase, with revenue of 19.771 billion yuan, up 9.74% [17]. - Giant Network reported a net profit of 640 million yuan for Q3 2025, an 81.19% increase, with revenue of 1.706 billion yuan, up 115.63% [18]. Share Buybacks - Haida Group announced a plan to repurchase shares worth between 1 billion and 1.6 billion yuan, aimed at reducing registered capital and implementing employee stock ownership plans [20]. Major Contracts - Bai'ao Intelligent announced it won a project worth 97.22 million yuan from a large state-owned company [22]. - Guangdong Construction signed a construction contract worth 1.924 billion yuan for a project in Guangzhou, with a duration of 1365 days [23][24].

证券代码：603843 证券简称：*ST 正平 公告编号：2025-072 正平路桥建设股份有限公司 关于股票交易风险提示暨停牌核查的公告 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。 重要内容提示： 证券停复牌情况：适用 因公司股票短期内股价涨幅较大,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | | 停复牌类型 | | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 期间 | | | | 603843 | *ST | 正平 | A 股 | 停牌 | 2025/10/29 | | | | 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 28 日累计涨幅为 152.42%，期间 21 天涨停，5 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，为维护投资者利 ...

Core Viewpoint - The company *ST Zhengping announced a significant stock price increase of 152.42% from September 1, 2025, to October 28, 2025, with 21 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Group 1 - The company will conduct an investigation into the abnormal trading fluctuations to protect investor interests [1] - The company has applied to the Shanghai Stock Exchange for a trading suspension starting from October 29, 2025, with a maximum expected duration of 10 trading days [1] - The company advises investors to be cautious regarding secondary market trading risks [1]

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 公司股票自 2025 年 9 月 1 日至 2025 年 10 月 27 日累计涨幅为 140.52%，期间 20 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，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、10 月 23 日、10 月 24 日、10 月 27 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。公司已多次发布股票交易风险提示公告，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 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 ...

Group 1 - The horse racing concept sector declined by 1.06%, ranking among the top losers in the market, with major declines seen in companies like Zhujiang Piano and Zhongti Industry [1][2] - Among the horse racing concept stocks, Zhujiang Piano hit the daily limit down, while Zhongti Industry and Xinhua Dou also experienced significant declines [1][2] - Conversely, a few stocks in the sector saw gains, with *ST Zhengping, Zhongmu Co., and Hainan Rubber increasing by 5.03%, 0.41%, and 0.37% respectively [1][2] Group 2 - The horse racing concept sector experienced a net outflow of 0.38 billion yuan in capital today, with Xinhua Dou leading the outflow at 17.30 million yuan [2] - Other companies with significant capital outflows included Zhujiang Piano, Luoniushan, and Zhongti Industry, with outflows of 15.08 million yuan, 13.01 million yuan, and 12.06 million yuan respectively [2] - In contrast, Hainan Rubber, *ST Zhengping, and Zhongmu Co. saw net inflows of 14.36 million yuan, 4.76 million yuan, and 0.38 million yuan respectively [2]

Core Viewpoint - *ST Zhengping (sh603843) reached the daily limit with a price of 6.16 yuan, reflecting a 5.03% increase, driven by expectations of ST removal, infrastructure sector support, and market attention from the Dragon and Tiger list [1] Group 1: Company Performance - The company primarily engages in infrastructure construction, cultural tourism, and non-ferrous metal mining, providing comprehensive services across multiple sectors [1] - Market expectations for improved performance ahead of the third quarterly report may lead to the potential removal of the ST designation, stimulating stock price increases [1] Group 2: Industry Trends - The infrastructure sector is anticipated to receive policy support, with increasing market demand for infrastructure construction, contributing to the positive performance of related stocks [1] - Recent data indicates that some stocks in the infrastructure sector have been active, creating a sector-wide momentum that positively impacts *ST Zhengping as a related enterprise [1] Group 3: Market Activity - On October 24, 2025, the company was included in the Dragon and Tiger list, with a total transaction amount of 86.28 million yuan, indicating high market interest despite slightly higher selling than buying [1] - The presence on the Dragon and Tiger list attracted more investor attention, with some trading based on this information, further driving the stock price to its limit [1]

Core Viewpoint - *ST Zhengping's stock has experienced significant volatility and a sharp increase in price, raising concerns about its sustainability and potential risks associated with its financial health and operational capabilities [1][2][3] Trading Information Summary - As of October 24, 2025, *ST Zhengping's stock closed at 6.16 yuan, up 5.66% from the previous week, reaching a nearly one-year high [1] - The stock has seen a cumulative increase of 129% from September 1 to October 24, 2025, with 19 days of trading halts and 6 instances of abnormal fluctuations [2][3] - The stock was listed on the "Dragon and Tiger List" due to a price deviation of over 12% for three consecutive trading days [1][2] Company Announcement Summary - The company has received an audit report for its 2024 annual report that expresses an inability to provide an opinion, raising concerns about its ongoing viability [2][3] - The company has a high asset-liability ratio of 92.22%, with total monetary funds of 102 million yuan, of which 81.66 million yuan is restricted [2][3] - The company reported a net profit attributable to shareholders of -484 million yuan for 2024 and -88 million yuan for the first half of 2025 [1][2][3] - There are significant uncertainties regarding the mining operations of its subsidiary due to insufficient funds, personnel, and equipment [2][3]

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]