最新核查结果显示，*ST正平目前生产经营情况正常，未发生重大变化，未发现其他可能对公司股价产 生较大影响的重大事件。 11月11日晚，"29天21板"牛股*ST正平发布《关于股票交易停牌核查结果暨复牌的公告》称，公司股票 交易情况相关核查工作已完成，经申请，公司股票将于11月12日（星期三）开市起复牌。 核查结果显示，公司非经营性资金占用已清偿完毕，但矿产资源开采能力不足，后续开发存在重大不确 定性。此外，公司面临终止上市风险，因审计范围受限等原因，2024年年报被出具无法表示意见的审计 报告。公司提醒投资者理性投资，注意二级市场交易风险。 *ST正平股票于10月29日开市起停牌。10月28日，公司股价收盘报6.79元/股，最新市值为47.5亿元。9月 以来，*ST正平股价涨幅超150%。 两次停牌核查 数据显示，*ST正平股价自9月1日至10月28日累计涨幅高达152.42%，29个交易日共收获21个涨停板，5 次触及股票交易异常波动。面对炒作，公司已累计发布13次股票交易风险提示公告。 10月28日晚，公司公告称，因股价上涨过快，为维护投资者利益，公司股票将自10月29日起停牌核查， 预计停牌时间不超过1 ...

公告显示，*ST正平自9月1日至10月28日累计涨幅为152.42%，期间21天涨停，5次触及股票交易异常波 动，公司已累计发布13次股票交易风险提示公告。经核实，公司非经营性资金占用已清偿，公司矿产资 源开采能力不足。*ST正平存在终止上市风险。因审计范围受限等原因，公司2024年年报被出具了无法 表示意见的审计报告，公司股票已被实施退市风险警示。同时，因2024年度内部控制被出具了否定意见 的审计报告、持续经营能力存在重大不确定性、存在违规担保情形，公司股票已被叠加实施其他风险警 示。如上述非标意见所涉事项在2025年度无法消除，公司股票将被终止上市。 北京商报讯(记者马换换李佳雪)11月11日晚间，*ST正平（603843）披露股票交易停牌核查结果，公司 股票于11月12日开市起复牌。 ...

Core Viewpoint - *ST HuKe's stock has experienced abnormal trading fluctuations, with a cumulative price increase of 12% over three consecutive trading days, indicating potential risks of delisting due to insufficient revenue and profit levels [1] Financial Performance - For the first three quarters of 2025, the company reported operating revenue of 5.4403 million yuan [1] - The company faces delisting risks if its annual profit, net profit, or net profit after excluding non-recurring gains and losses is negative and if its operating revenue is below 300 million yuan [1] Shareholder and Ownership Issues - The original controlling shareholder, Nanjing Siweit Group, has unresolved historical fund occupation issues with the company [1] - A share transfer agreement with Kunming Dianyuyou Investment Holding Co., Ltd. has not been completed due to share freezing, with parties actively negotiating to unfreeze the shares [1] - Shares held by the controlling shareholder and shareholders with over 5% ownership are subject to pledges, markings, and freezes [1] Supplier and Debt Recovery - The company's main supplier, Hong Kong Petrochemical, is undergoing compulsory liquidation, with an estimated debt recovery rate of approximately 10.1% [1] - The company has received 5.5% of the repayment amount, and there is a possibility of further provisioning for bad debts [1] Disclosure and Reporting - The board of directors confirmed that there are no other undisclosed significant matters related to the company, and there have been no recent media reports or market rumors significantly impacting the company's stock price [1]

Core Viewpoint - *ST Zhengping has experienced a significant stock price increase of 152.42% from September 1 to October 28, 2025, leading to a decision to suspend trading for up to 10 days due to concerns over the stock's disconnection from its fundamental performance [1][2]. Group 1: Stock Performance and Trading Suspension - The stock has recorded 21 consecutive trading days of gains, with a total increase of 156.23% during this period, excluding 5 days of suspension [5]. - The company announced a trading suspension starting October 29, 2025, to investigate the rapid price increase and its implications for investor risk [1][2]. - This is the second trading suspension within a month, following a previous suspension from October 9 to October 16, 2025, due to abnormal trading fluctuations [2]. Group 2: Company Fundamentals and Risks - The company has indicated that its stock price has significantly deviated from its current fundamental situation, with no major changes in its business fundamentals [1][4]. - There are serious risks associated with the company's potential delisting, as it received an audit report with a disclaimer of opinion for its 2024 annual report, and it has been subject to multiple risk warnings [4][8]. - The company faces challenges such as insufficient mining resource extraction capacity, unresolved non-operating fund occupation issues, and ongoing losses [4]. Group 3: Historical Context and Business Operations - *ST Zhengping, listed since September 5, 2016, has seen its stock price decline from a historical high of 34.39 yuan to a low of 1.59 yuan, representing a maximum cumulative decline of 95.38% [5]. - The company primarily engages in infrastructure construction, cultural tourism, and non-ferrous metal mining, while also exploring new business areas such as renewable energy and intelligent computing services [5].

Core Viewpoint - The company, Zhengping Road and Bridge Construction Co., Ltd., has announced the resumption of its stock trading after a temporary suspension due to significant price fluctuations and has disclosed various operational and financial challenges that may impact its future performance [2][21]. Group 1: Stock Trading and Suspension - The company's stock will resume trading on October 16, 2025, after a temporary suspension initiated on October 9, 2025, due to a significant price increase of 101.86% from September 1 to September 30, 2025 [2][7][21]. - The stock experienced 15 trading days of price limits and 4 instances of abnormal fluctuations during the suspension period, indicating a serious deviation from its fundamentals [2][19]. Group 2: Financial and Operational Challenges - The company has reported a significant lack of mining resource extraction capacity, requiring substantial investment for future operations, but currently lacks sufficient funds, personnel, and equipment [3][8]. - As of June 30, 2025, the company's monetary funds amounted to approximately 101.72 million yuan, with 81.66 million yuan restricted due to various factors, leading to a high asset-liability ratio of 92.22% [3][8]. - The company has faced continuous operating losses, with a reported revenue of 1.36 billion yuan and a net loss of 484 million yuan for the year 2024, and a revenue of 344 million yuan with a net loss of 88 million yuan for the first half of 2025 [4][18]. Group 3: Corporate Governance and Compliance - The company has been issued a disclaimer of opinion in its 2024 annual report due to limited audit scope, resulting in a risk warning for delisting [3][14]. - There are ongoing issues with non-operating fund occupation by a subsidiary, with a remaining balance of approximately 4.21 million yuan as of now [4][17]. - The company has confirmed that there are no undisclosed significant matters that could affect stock price fluctuations, including major asset restructuring or other significant transactions [11][12].

Core Viewpoint - *ST Zhengping's stock has experienced a significant increase of 101.86% from September 1 to September 30, 2025, leading to a suspension for investigation due to abnormal trading behavior and a serious deviation from its fundamentals [1][2]. Group 1: Stock Performance and Trading Suspension - The stock of *ST Zhengping has seen a cumulative increase of 101.86% over the month of September 2025, with 15 days of trading halts and 4 instances of abnormal fluctuations [1]. - The company’s stock price has diverged significantly from the Shanghai Composite Index and the construction industry during the same period [1]. - The stock will be suspended from trading starting October 9, 2025, for a maximum of 5 trading days to investigate the trading situation [1]. Group 2: Financial Performance - In 2024, *ST Zhengping reported an operating revenue of 1.362 billion yuan and a net profit attributable to shareholders of -484 million yuan [1]. - For the first half of 2025, the company achieved an operating revenue of 344 million yuan with a net profit attributable to shareholders of -88 million yuan [1]. Group 3: Listing Risks - *ST Zhengping faces the risk of delisting due to an audit report for 2024 that was unable to express an opinion, leading to a risk warning on its stock [2]. - The company has received negative opinions on its internal controls and has significant uncertainties regarding its ability to continue as a going concern [2]. - If the issues highlighted in the non-standard audit opinions are not resolved in 2025, the stock may be delisted [2]. Group 4: Mining Operations and Resource Development - The company’s subsidiary, Geermu Shengguang Mining Development Co., has obtained a mining license but lacks sufficient mining capacity and requires significant investment for future operations [2]. - There are major uncertainties regarding the progress and profitability of mineral resource development due to constraints in funding, market conditions, and operational capabilities [2]. Group 5: Non-operational Fund Occupation - In 2024, *ST Zhengping's subsidiary Guizhou Water Conservancy Industrial Co. faced non-operational fund occupation issues, with 13.2092 million yuan occupied by a minority shareholder [3]. - As of July 2025, 9 million yuan of the occupied funds were returned, leaving a balance of 4.2092 million yuan still occupied [3].

Core Viewpoint - The actual controller of *ST Muban, Liao Zhiyuan, is under investigation by the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund transactions as required by law [1][3]. Group 1: Regulatory Actions - Liao Zhiyuan received a notice from the CSRC on September 29, 2025, regarding the investigation for non-disclosure of non-operating fund transactions [1]. - The company had previously received a notice from the CSRC on July 25, 2025, for suspected false disclosures in annual reports and other periodic financial reports [3]. - The company will cooperate with the CSRC and adhere to information disclosure obligations [3]. Group 2: Financial Performance and Risks - The company reported a net loss of 213 million yuan for the first half of 2025, with total revenue of 141 million yuan [4]. - The company faces delisting risks due to a negative net profit for the fiscal year 2024 and revenue below 300 million yuan [4]. - The stock was placed under risk warning on May 6, 2025, due to financial performance issues and internal control deficiencies [4]. Group 3: Stock Performance - The stock price of *ST Muban experienced a significant increase, with a cumulative rise of 21.71% over four consecutive trading days from September 24 to September 29, 2025 [3]. - The stock has seen an overall increase of over 50% since September 2025 [8]. - The company issued a risk warning regarding the rapid increase in stock price, which may not align with its fundamental performance [3].

Mergers and Acquisitions - Huatian Technology is planning to acquire Huy Microelectronics, a subsidiary of its controlling shareholder, through a share issuance and cash payment, which is expected to constitute a related party transaction but not a major asset restructuring. The company's stock will be suspended from trading starting September 25 [1] - Dalong Real Estate's subsidiary intends to acquire 60% equity of Beijing Chengzhu Real Estate Development Co., Ltd. from Beijing Shunyi New Town Development Co., Ltd. to enhance project reserves and operational capabilities [2] - Yong'an Pharmaceutical plans to acquire 49.2% equity of its subsidiary Hubei Ling'an Technology Co., Ltd. from minority shareholders for 27 million yuan, aiming for full ownership [3] - Rongxin Culture's wholly-owned subsidiary intends to acquire 51% equity of Wuhan Youxue Baobei Book Co., Ltd. for 16.32 million yuan, which will be consolidated into the company's financial statements post-transaction [4] Shareholding Changes - Huyou Pharmaceutical's shareholder Wang Xiaopeng plans to reduce his stake by up to 3%, equivalent to a maximum of 12.708 million shares [5] - Beimo High-tech's shareholder Chen Jianfeng intends to reduce his stake by up to 2.49%, which amounts to a maximum of 8.2666 million shares [6] - Donghua Energy's controlling shareholder, Mansen Energy (Zhangjiagang), has increased its stake by 0.34%, acquiring 5.3093 million shares for approximately 45.6488 million yuan [7] Risk Matters - Zhangjiang Hi-Tech has announced a potential irrational speculation risk as its stock price has deviated significantly from industry peers and the Shanghai Composite Index, with a cumulative price increase of 20% over three consecutive trading days [8] - *ST Gaohong faces a risk of delisting as its stock price has been below 1 yuan for 18 consecutive trading days, with a potential delisting if the market capitalization remains below 500 million yuan for 20 consecutive trading days [9] - *ST Yatai's controlling shareholder's voting rights have decreased due to a forced sale of shares by a court, although this will not lead to a change in control or governance structure at this time [10]

Mergers and Acquisitions - Huatian Technology is planning to acquire Huayi Microelectronics, a subsidiary of its controlling shareholder, through a combination of issuing shares and cash payment, which is expected to constitute a related party transaction but not a major asset restructuring. The company's stock will be suspended from trading starting September 25 [1] - Dalong Real Estate's subsidiary intends to acquire 60% equity of Beijing Chengzhu Real Estate Development Co., Ltd. from Beijing Shunyi New Town Development Co., Ltd. to enhance project reserves and operational capabilities [2] - Yong'an Pharmaceutical plans to purchase 49.2% equity of its subsidiary Hubei Ling'an Technology Co., Ltd. from minority shareholders for 27 million yuan, aiming for full ownership [3] - Rongxin Culture's wholly-owned subsidiary intends to acquire 51% equity of Wuhan Youxue Baobei Book Co., Ltd. for 16.32 million yuan, which will be consolidated into the company's financial statements post-transaction [4] Shareholding Changes - Huiyu Pharmaceutical's shareholder Wang Xiaopeng plans to reduce his stake by up to 3%, equating to a maximum of 12.708 million shares [5] - Beimo High-tech's shareholder Chen Jianfeng intends to reduce his stake by up to 2.49%, which amounts to a maximum of 8.2666 million shares [6] - Donghua Energy's controlling shareholder, Ma Sen Energy (Zhangjiagang), has increased its stake by 0.34%, acquiring 5.3093 million shares for approximately 45.6488 million yuan [7] Risk Matters - Zhangjiang Hi-Tech has announced a potential irrational speculation risk due to its stock price increasing significantly over three consecutive trading days, with a cumulative rise of 20% [8] - *ST Gaohong faces a risk of delisting as its stock price has been below 1 yuan for 18 consecutive trading days, with a potential delisting if the market capitalization remains below 500 million yuan for 20 consecutive trading days [9][10] - *ST Yatai's controlling shareholder's voting rights have decreased to 16.89% due to forced sale of shares, which may lower the control ratio of the actual controllers but will not lead to changes in company control or governance structure [11]

Core Viewpoint - Shanghai Huili Building Materials Co., Ltd. has experienced a significant stock price fluctuation, with a cumulative decline exceeding 20% over three consecutive trading days, prompting the company to announce a share repurchase plan to stabilize its stock value and protect shareholder interests [2][3]. Group 1: Stock Price Fluctuation - The company's stock price fell by more than 20% cumulatively on May 16, 19, and 20, 2025, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [2][3]. - The company confirmed that its current operational status is normal, with its main business focused on leasing its own factory buildings, and both revenue and net profit have remained stable [2][3]. Group 2: Share Repurchase Plan - To maintain company value and protect shareholder rights, the company plans to use between RMB 3 million and RMB 6 million of its own funds to repurchase shares at a maximum price of USD 0.510 per share within three months from May 20, 2025 [2][3]. - The company has sufficient domestic currency funds and has retained some USD in its foreign currency accounts to facilitate the share repurchase [3]. Group 3: Disclosure and Compliance - The company has conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock's trading fluctuations, including major asset restructuring or other significant corporate actions [3][5]. - The board of directors has stated that there are no undisclosed matters that should be reported according to the stock listing rules, ensuring compliance with regulatory requirements [5].