*ST正平：公司股票存在被终止上市风险

Core Viewpoint - The company *ST Zhengping is facing significant uncertainties regarding its financial stability and potential delisting due to ongoing issues with its debt restructuring and audit opinions [1] Group 1: Stock Performance and Trading - The company's stock price has deviated significantly, with a cumulative increase of over 12% in closing prices over three consecutive trading days, indicating abnormal trading activity [1] - There is a risk of the company's stock being delisted if it cannot resolve the issues related to non-standard audit opinions before the 2025 audit report [1] Group 2: Debt Restructuring and Financial Reporting - The pre-restructuring debt claims submitted only cover a portion of the company's subsidiaries, raising concerns about the accuracy and completeness of the debt claims [1] - The company may face difficulties in eliminating non-standard audit opinions, which could lead to a negative net asset value for the parent company by 2025, increasing the risk of delisting [1] - There is uncertainty regarding the company's ability to enter the restructuring process and whether it can address the issues related to non-standard audit opinions [1] Group 3: Financial Health and Operational Challenges - The company has been experiencing continuous losses, and there are concerns about potential asset impairments and undisclosed liabilities that could further impact its financial health [1] - The company's mining resource extraction capabilities are insufficient, which may hinder its operational performance and recovery efforts [1]