1个月内15天涨停，603843明起复牌

Core Viewpoint - *ST Zhengping announced that its stock will resume trading on October 16 after completing a review of its trading situation, but the company faces significant uncertainties regarding future mining operations and profitability due to insufficient funds and resources [1][3]. Financial Situation - As of June 30, 2025, the company's cash funds amounted to approximately 101.72 million yuan, with 81.66 million yuan restricted due to various factors such as litigation [1]. - The company's debt-to-asset ratio stands at 92.22%, indicating a high level of financial leverage [1]. Mining Operations - The company received a mining permit from the Qinghai Provincial Natural Resources Department on September 17, 2025, but lacks the necessary capital, personnel, and equipment for future mining operations [1]. - There are major uncertainties regarding the progress of mineral resource development and the potential for generating revenue [1]. Stock Performance and Risks - The company has experienced a significant increase in stock price recently, with 15 trading halts in September alone, raising concerns about the sustainability of this price increase [3]. - There is a risk of delisting if issues related to non-standard opinions are not resolved by the end of the 2025 fiscal year [3].