12月2日晚，*ST正平（603843.SH）公告称，近日，公司就股票交易情况进行核查，鉴于相关核查工作已完成，经向上海证券交易所申请，公司股票将于 2025年12月3日（星期三）开市起复牌。目前，公司2024年度非标审计意见尚未消除，若相关事项在2025年度无法消除，公司股票将被终止上市。此外，公 司还面临预重整申请被受理的不确定性、三季报工作函所涉非标意见等重大事项的核实风险、其他资金占用和违规担保的可能性、矿产资源开采能力不足以 及持续亏损等风险。 证券代码:603843 证券简称:*ST 正平 正平路桥建设股份有限么 关于公司股票复牌暨风险提示 本公司董事会及全体董事保证本公告内容不存在任 或者重大遗漏,并对其内容的真实性、准确性和完整性承 因披露股票交易停牌核查结果,本公司的相关证券停复牌 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | | --- | --- | --- | --- | --- | | | | | | 期间 | | 603843 | *ST 正平 | A 股 复牌 | | | ●根据《上海证券交易所上市公司自律监管指引第4 交易所股票上市规则》等相关规定, ...

Core Viewpoint - *ST Zhengping has completed its stock trading review and will resume trading on October 16, 2025, after a temporary suspension due to significant uncertainties regarding its mining operations and financial situation [1][2]. Financial Situation - As of June 30, 2025, the company reported cash funds of approximately 101.72 million yuan, with 81.66 million yuan restricted due to various factors such as litigation and guarantees [1]. - The company's asset-liability ratio stands at 92.22%, indicating a high level of debt relative to its assets [1]. Mining Operations - The company received a mining permit from the Qinghai Provincial Department of Natural Resources on September 17, 2025, but lacks sufficient funds, personnel, and equipment for future mining operations [1]. - There are significant uncertainties regarding the progress and profitability of future mineral resource development due to multiple factors, including funding, market conditions, industry policies, and external environments [1]. Stock Trading and Risks - The company has experienced a substantial increase in stock price recently, with 15 trading halts in September 2025 alone, raising concerns about the sustainability of this price increase [4]. - There is a risk of delisting if the issues related to non-standard opinions are not resolved by the end of 2025, alongside ongoing non-operating fund occupation and continuous losses [4].

Core Viewpoint - The company *ST Zhengping has completed its stock trading review and will resume trading on October 16, 2025, after a significant increase in stock price, which has raised concerns about potential risks and uncertainties in its future operations and profitability [1][3]. Group 1: Company Financials and Operations - As of June 30, 2025, the company's cash funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as guarantees for migrant workers and litigation [1]. - The company's asset-liability ratio stands at 92.22%, indicating a high level of debt relative to its assets [1]. - The company has received a mining permit from the Qinghai Provincial Natural Resources Department but lacks sufficient funds, personnel, and equipment for future mining operations, leading to significant uncertainty regarding the development and profitability of its mineral resources [1]. Group 2: Stock Trading and Market Performance - The company announced a stock suspension starting from October 9, 2025, due to a significant increase in stock price, with 15 trading halts in September alone [3]. - The company has warned of the risk of delisting if issues related to non-standard opinions are not resolved by the end of the 2025 fiscal year [3]. - The company has indicated that its production and operational status is normal, with no significant changes or undisclosed major events that could impact its stock price [3].