Core Viewpoint - *ST Zhengping has experienced significant stock price increases, with 11 out of 14 trading days resulting in price surges, leading to a cumulative increase of 84.15% and a turnover rate of 71.08% [2] Company Performance - The company reported a total revenue of 344 million yuan for the first half of the year, representing a year-on-year decline of 37.77% [2] - The net profit for the same period was -88.12 million yuan, a decrease of 12.40% year-on-year, with basic earnings per share at -0.1300 yuan [2] Stock Trading Activity - As of 9:38 AM, the stock had a trading volume of 31.67 million shares and a transaction amount of 150 million yuan, with a turnover rate of 4.53% [2] - The stock has been listed on the "Dragon and Tiger List" three times due to a cumulative closing price deviation of 12% over three consecutive trading days [2] - The net selling by leading brokerage firms amounted to 10.7981 million yuan [2] Historical Stock Performance - The stock's daily price changes and turnover rates over recent trading days indicate fluctuating investor interest, with notable net inflows and outflows of capital [2]

每经AI快讯，9月22日，*ST正平涨停走出7连板，7天累计涨幅达40.23%。 （文章来源：每日经济新闻） ...

证券代码：603843 证券简称：*ST 正平 公告编号：2025-059 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。 一、股票交易异常波动的具体情况 公司股票于 2025 年 9 月 17 日、9 月 18 日、9 月 19 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。 重要内容提示： ●公司近期股票涨幅较大。正平路桥建设股份有限公司（以下简称"公司"）股 票于 2025 年 9 月 17 日、9 月 18 日、9 月 19 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。公司股票自 2025 年 9 月 9 日至 9 月 19 日期间累计涨幅为 50%，其中 9 月 9 日、 9 月 12 日、9 月 15 日、9 月 16 日、9 月 17 日、9 月 18 日、9 月 19 日均涨停。公司 股票价格近期涨幅较 ...

Group 1 - The horse racing concept index rose by 0.82%, ranking 7th among concept sectors, with four stocks increasing in value, including *ST Zhengping which hit the daily limit, and Xinhua Du and Luoniushan showing gains of 2.78% and 0.31% respectively [1] - The main capital outflow from the horse racing concept sector amounted to 135 million yuan, with Xinhua Du receiving the highest net inflow of 8.26 million yuan [2][3] - The net inflow ratios for stocks like Zhujiang Piano and Xinhua Du were 10.77% and 1.66% respectively, indicating strong interest in these stocks despite the overall sector's outflow [3] Group 2 - The horse racing concept was among the top-performing sectors today, with a notable increase compared to other sectors such as the reducer and humanoid robot concepts, which saw declines of 2.68% and 2.17% respectively [2] - The trading volume and turnover rates varied significantly among the stocks in the horse racing concept, with *ST Zhengping showing a high turnover rate of 20.94% despite a negative net capital flow [3]

Group 1 - The stock of *ST Zhengping has experienced a significant increase, recording 10 limit-up days within 13 trading days, with a cumulative increase of 75.47% and a turnover rate of 45.75% [2] - As of 9:25, the stock's trading volume reached 934,500 shares, with a transaction amount of 4.3452 million yuan, and a turnover rate of 0.13% [2] - The latest total market capitalization of A-shares is 3.253 billion yuan [2] Group 2 - The company reported a total operating income of 344 million yuan for the first half of the year, a year-on-year decrease of 37.77%, and a net profit of -88.1221 million yuan, a year-on-year decrease of 12.40% [2] - The basic earnings per share for the company is -0.1300 yuan [2] - The company, Zhengping Road and Bridge Construction Co., Ltd., was established on March 18, 1996, with a registered capital of 699.62337 million yuan [2]

正平路桥建设股份有限公司（以下简称"公司"）股票价格近期涨幅较大，公司 提醒广大投资者注意二级市场交易风险，相关提示如下： 一、公司矿产资源开采能力不足 证券代码：603843 证券简称：*ST 正平 公告编号：2025-058 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。 近日，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、人员缺乏等多重因素影响，矿产资源后续开发进展、能否产生收益均 ...

Group 1 - The infrastructure sector experienced a decline of 1.51% on September 18, with the Shanghai Composite Index closing at 3831.66, down 1.15%, and the Shenzhen Component Index at 13075.66, down 1.06% [1] - Notable stocks in the infrastructure sector included Dongzhu Ecology, which rose by 10.03% to a closing price of 10.42, and Hongrun Construction, which increased by 10.02% to 11.31 [1] - The trading volume for Dongzhu Ecology was 955,800 shares, while Hongrun Construction had a volume of 734,200 shares [1] Group 2 - The infrastructure sector saw a net outflow of 646 million yuan from institutional funds, while retail investors contributed a net inflow of 544 million yuan [3] - Speculative funds recorded a net inflow of 102 million yuan into the infrastructure sector [3]

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

Core Viewpoint - The company has obtained a mining license for its wholly-owned subsidiary, but faces significant financial and operational challenges that may hinder future mining activities and profitability [4][5][10]. Financial Status - As of June 30, 2025, the company's cash reserves amount to approximately 101.72 million yuan, with 81.66 million yuan restricted due to various factors, leading to a high debt ratio of 92.22% [2][10]. - The company reported a continuous loss, with 2024 revenues at 1.362 billion yuan and a net loss of 484 million yuan. For the first half of 2025, revenues were 344 million yuan with a net loss of 88 million yuan [3][10]. Mining License Acquisition - The company’s subsidiary, Golmud Shengguang Mining Development Co., Ltd., has successfully obtained a mining license for the M1 segment of the Nalinguole River West polymetallic mine, which includes iron, copper, zinc, and silver [4][5]. Operational Challenges - The company lacks sufficient funds, personnel, and equipment for future mining operations, leading to major uncertainties regarding the progress and profitability of resource development [2][10]. - The company is at risk of delisting due to an inability to provide a clear audit opinion for its 2024 annual report and ongoing issues with internal controls [8][10]. Non-operational Fund Occupation - There is an ongoing issue with non-operational fund occupation by a minority shareholder in a subsidiary, with a remaining balance of approximately 4.21 million yuan as of now [3][10].

Core Viewpoint - The company *ST Zhengping has completed the transfer of exploration rights to mining rights for the M1 magnetic anomaly area of the Naling Guole River West Iron Polymetallic Mine and obtained the mining license from the Qinghai Provincial Natural Resources Department, indicating a significant step in its mining operations [1] Group 1: Mining Operations - The M1 section of the mine is identified as a polymetallic resource containing copper, iron, zinc, with associated silver and sulfur minerals [1] - The company currently lacks sufficient mining capacity and will require substantial investment for future development and operations [1] Group 2: Financial Situation - As of June 30, 2025, the company's cash funds amount to 101,723,487.39 yuan, with 81,664,227.39 yuan of this amount being restricted due to guarantees for migrant workers' accounts 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 - 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]