*ST正平：股价异常波动

Core Viewpoint - The company *ST Zhengping has experienced significant stock price volatility, with a cumulative decline exceeding 12% over three consecutive trading days, indicating abnormal fluctuations in its stock performance [1] Financial Performance - In 2024, the company's revenue was 1.362 billion yuan, with a net profit attributable to shareholders of -484 million yuan [1] - For the first three quarters of 2025, the company reported revenue of 652 million yuan and a net profit attributable to shareholders of -99 million yuan [1] Audit and Compliance Issues - The company has unresolved non-standard audit opinion matters for the 2024 fiscal year, raising concerns about its financial reporting [1] - There is uncertainty regarding the acceptance of the pre-restructuring application, which could impact the company's future operations [1] - The company’s third-quarter report contains non-standard opinions that are pending verification, indicating potential issues with financial transparency [1] Risks and Challenges - The company may face risks of stock delisting due to potential fund occupation, illegal guarantees, and insufficient mineral extraction capacity [1]