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"）股票自 2025 年 9 月 1 日至 2026 年 2 月 26 日期间累计涨幅达 121.56%，期间公司股价呈现连续涨停与连续跌停交替的 剧烈波动走势，交易风险高度累积。公司多次发布股票交易异常波动及风险提示公告， 请广大投资者充分关注公司存在的相关风险，理性决策，审慎投资。 一、二级市场交易风险。 证券代码：603843 证券简称：*ST 正平 公告编号：2026-028 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 年审会计师专项说明显示，2024 年度审计报告非标准审计意见消除工作尚未完成， 若非标准审计意见无法消除，年审会计师将对公司 2025 年度财务报告发表非无保留 意见。具体审计意见最终以经审计的 2025 年度财务报表审计报告为准。 四、2024 年度内控审计为否定意见，2025 年度若继续被出具非标意见将面临规 范类退市风险。 公司 2024 年度内部控制审计报告被出具否定意见，2025 年度内部控制有效 ...

证券代码：603843 证券简称：*ST 正平 公告编号：2026-027 正平路桥建设股份有限公司 正平路桥建设股份有限公司（以下简称"公司"或"正平股份"）收到上海证券 交易所《关于正平路桥建设股份有限公司 2025 年度业绩预告相关事项的监管工作函》 (上证公函【2026】0372 号，简称"工作函")，详见公司于 2026 年 2 月 6 日披露的 《正平股份关于收到上海证券交易所对公司 2025 年度业绩预告相关事项的监管工作 函的公告》（公告编号：2026-021）。 收到工作函后，公司高度重视，认真组织开展对函件的回复工作，对涉及的事项 及相关资料逐项核查落实，并准备回复材料。鉴于本次监管工作函涉及核查内容繁杂， 部分事项需结合公司实际经营情况、财务数据细节进行深入核实，且相关回复内容需 经公司年审会计师审慎核查并发表意见，目前回复材料的编制、审核工作尚未全部完 成。经向上海证券交易所申请，公司将延期回复本次工作函并履行信息披露义务。 关于延期回复《上海证券交易所对公司 2025 年度业绩预 告相关事项监管工作函》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 ...

*ST正平公告称，2025年9月1日至2026年2月26日，公司股票累计涨幅达121.56%，期间连续涨跌停交 替，交易风险高度累积。公司基本面未变，投资者盲目参与或损失重大。同时，公司存在多项退市风 险，包括净资产为负、被出具非标审计意见、内控审计为否定意见等。此外，预重整债权申报存在不确 定性，公司不排除有资金占用、违规担保可能，矿产资源开采能力不足，采矿权有被冻结风险，招募重 整投资人也具不确定性。 ...

Group 1 - The Shanghai Stock Exchange has implemented self-regulatory measures against 81 cases of abnormal trading behaviors, including price manipulation and false declarations [1] - Stocks under special monitoring include *ST Rock (600696) and *ST Zhengping (603843), which are at risk of delisting due to abnormal fluctuations, as well as Tianpu Co., Ltd. (605255), which has experienced severe abnormal volatility [1] - The exchange has conducted special investigations into 23 significant corporate events and reported three suspected illegal activities to the China Securities Regulatory Commission [1]

证券代码：603843 证券简称：*ST 正平 公告编号：2026-026 正平路桥建设股份有限公司 ●2024 年度内控审计为否定意见，2025 年度若继续被出具非标意见将面临规 范类退市风险。公司 2024 年度内部控制审计报告被出具否定意见，2025 年度内部 控制有效性需以年审会计师出具的 2025 年度内部控制审计意见为准。若 2025 年 度内部控制审计报告仍被出具否定意见或无法表示意见，公司股票将触及《上海 证券交易所股票上市规则》规定的规范类强制退市相关条款，面临被终止上市的 风险。 ●公司预重整债权申报为部分债权申报，公司部分控股子公司未被纳入本次 预重整债权申报范围，债权申报准确性、完整性存在重大不确定性，公司可能难 以通过本次债权申报消除非标意见所涉事项。公司预重整债权申报涉及母公司及 部分子公司债权申报及调查，公司部分控股子公司如贵州金九金、隆地电力等均 未被纳入本次预重整债权申报及债权调查范围。考虑到相关子公司业务规模较大， 涉及债务较多，因相关公司未被纳入预重整债权申报范围，公司可能难以通过本 次预重整债权申报消除 2024 年非标意见所涉及的工程项目成本费用、外部借款计 量的准确 ...

Core Viewpoint - The company, Zhengping Co., announced a significant stock price increase of 127.51% from September 1, 2025, to February 6, 2026, accompanied by high volatility in its stock price [1] Risk Factors - The company highlights several risks, including high secondary market trading risk [1] - There is a risk of delisting due to negative net assets, with the company's net assets reported at 280 million yuan as of the end of Q3 2025, and potential impairment from receivables [1] - The possibility of receiving a non-standard audit opinion exists [1] - If internal control audits continue to receive non-standard opinions in 2025, the company may face regulatory delisting [1] - There is uncertainty regarding the declaration of pre-restructuring creditor claims [1] - The ability to enter restructuring procedures is uncertain [1] - The company does not rule out the possibility of fund occupation and illegal guarantees [1] - There are concerns about insufficient mining capacity [1] - Mining rights may be subject to freezing [1] - The recruitment of restructuring investors is uncertain [1]

证券代码：603843 证券简称：*ST 正平 公告编号：2026-025 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"）股票自 2025 年 9 月 1 日至 2026 年 2 月 6 日期间累计涨幅达 127.51%，期间公司股价呈现连续涨停与连续跌停交替的 剧烈波动走势，交易风险高度累积。公司多次发布股票交易异常波动及风险提示公告， 请广大投资者充分关注公司存在的相关风险，理性决策，审慎投资。 一、二级市场交易风险。 公司股票自 2026 年 1 月 6 日至 9 日连续 4 个交易日涨停，累计涨幅达 20.74%； 2026 年 1 月 12 日至 1 月 29 日期间 7 个交易日跌停，累计跌幅达 24.96%；2026 年 1 月 30 日至 2 月 6 日期间 3 个交易日涨停，累计涨幅达 19.77%。公司基本面未发生重 大变化，股价剧烈交替波动已积累较高交易风险，投资者盲目参与可能面临重大损失。 请投资者关注公 ...

Core Viewpoint - The company *ST Zhengping has experienced a significant stock price fluctuation, with a cumulative increase of 127.51% from September 1, 2025, to February 6, 2026, characterized by alternating trading halts, indicating heightened trading risks [1] Financial Performance - As of the end of Q3 2025, the company's net assets attributable to shareholders stood at only 280 million yuan [1] - The company has substantial receivables amounting to 1.12 billion yuan, contract assets of 2.175 billion yuan, and other receivables of 355 million yuan, raising concerns about potential credit risks due to weak repayment capabilities of some clients [1] Risk Factors - There is a significant risk of delisting due to negative net assets, as the annual audit report indicates uncertainty regarding the company's ability to achieve positive net assets by the end of 2025 [1] - The company may face additional risks of undisclosed liabilities during the pre-restructuring debt claim process, which could further contribute to negative net assets for the audited year 2025 [1]

Core Viewpoint - Zhengping Road and Bridge Construction Co., Ltd. has initiated a pre-restructuring process due to significant financial risks, including potential delisting and other financial irregularities [1][4]. Group 1: Company Announcement - On February 6, 2026, Zhengping announced the initiation of pre-restructuring as per a court decision made on December 24, 2025, by the Intermediate People's Court of Xining, Qinghai Province [1][4]. - The court appointed Beijing Jindu Law Firm and Xining Qingshi Liquidation Co., Ltd. as temporary administrators to oversee the restructuring process [1]. - The announcement highlighted risks related to potential delisting and the possibility of other financial issues such as fund misappropriation and illegal guarantees [1]. Group 2: Legal and Compensation Information - Zhengping was previously penalized by the China Securities Regulatory Commission for information disclosure violations on March 29, 2024, which may lead to compensation liabilities for investors [4]. - Investors who purchased Zhengping shares between April 29, 2022, and January 22, 2024, and continued to hold or sold at a loss after January 23, 2024, are eligible to claim compensation [2][5]. - Required documentation for claims includes stock transaction statements and a copy of the investor's ID [6].

Core Viewpoint - *ST Zhengping (603843) faces significant delisting risk due to potential negative net assets as highlighted in a regulatory letter from the Shanghai Stock Exchange regarding its 2025 performance forecast [1] Group 1: Regulatory Concerns - The regulatory letter emphasizes three main issues: potential asset impairment leading to negative net assets, completeness of pre-restructuring debt claims, and accuracy of revenue and cost accounting [1] - The company’s performance forecast indicates expected revenue between 950 million to 1.35 billion yuan, with a projected net loss, although net assets are reported as positive [1] - The annual auditor has not confirmed the positive net assets and noted unresolved issues from the 2024 financial report, suggesting a high likelihood of receiving a non-standard opinion for the 2025 report [1] Group 2: Financial Disclosure Requirements - The regulatory body requires detailed disclosure of over 3.6 billion yuan in accounts receivable and contract assets, along with a careful assessment of impairment risks for long-term equity investments [1] - The ongoing pre-restructuring process has raised concerns about the completeness of debt claims, as major debt subsidiaries like Guizhou Jinjijin Construction were not included, leading to doubts about debt integrity [1] - The company is also required to provide detailed explanations regarding previous internal control failures related to revenue recognition and cost measurement to validate the accuracy of the 2025 financial data [1]