26个涨停！603843，核查完成，今日复牌！

Core Viewpoint - *ST Zhengping has experienced significant stock price fluctuations, with a cumulative increase of 221.93% from September 1 to November 18, 2025, leading to trading suspensions and heightened risks for investors [2] Group 1: Stock Performance and Trading Status - The stock of *ST Zhengping has been suspended three times for trading reviews due to rapid price increases [2] - The company announced that its stock will resume trading on December 3, 2025, after completing the necessary reviews [2] Group 2: Financial Reporting and Audit Issues - The 2024 annual report of *ST Zhengping received an audit report with a disclaimer of opinion due to limited audit scope, resulting in a delisting risk warning for the stock [4] - The company faces significant uncertainties regarding its ability to continue as a going concern, as indicated by a negative opinion on internal controls and the presence of illegal guarantees [4] - If the issues highlighted in the non-standard opinions are not resolved by the end of the 2025 fiscal year, the stock may be delisted [4] Group 3: Financial Performance - In 2024, *ST Zhengping reported revenues of 1.362 billion yuan and a net loss attributable to shareholders of 484 million yuan, with a net loss of 475 million yuan after excluding non-recurring items [5] - For the first three quarters of 2025, the company achieved revenues of 652 million yuan and a net loss of 99 million yuan, with a net loss of 190 million yuan after excluding non-recurring items [5] Group 4: Operational Challenges - The company is facing challenges in mineral resource extraction capabilities, with its subsidiary obtaining a mining license but lacking sufficient funds, personnel, and equipment for further development [4] - As of September 30, 2025, *ST Zhengping had cash reserves of 72.3767 million yuan, with 30.2848 million yuan restricted due to various legal and operational issues, resulting in a high debt ratio of 92.49% [4]