正平股份：收到上交所2025年三季报信息披露监管问询函

Core Points - The company received an inquiry letter from the Shanghai Stock Exchange regarding its Q3 2025 financial disclosures, highlighting significant concerns about its financial health and compliance [1] Group 1: Legal and Financial Issues - The company has faced 252 new lawsuits since the beginning of 2025, involving a total of 49,765.27 million yuan, which represents 177.73% of its net assets as of the end of Q3 [1] - The 2024 annual report received a non-standard audit opinion, and if issues are not resolved by 2025, the company's stock may be delisted, necessitating an impact assessment [1] Group 2: Subsidiary Operations and Financial Data - Some subsidiaries are reported to have fund occupation and illegal guarantees, requiring the company to provide additional operational and financial data for these subsidiaries and conduct a self-examination of related circumstances [1] Group 3: Cash Flow and Fund Management - As of the end of Q3, the company had cash and cash equivalents amounting to 72.38 million yuan, which is insufficient to repay 190 million yuan of raised funds, prompting a need for self-examination regarding the reasons for the freeze and the failure to repay [1]