Core Viewpoint - The company *ST Zhengping (603843.SH) announced that its pre-restructuring debt claims are only partially submitted, leading to significant uncertainty regarding the accuracy and completeness of these claims, which may hinder the elimination of non-standard audit opinions [1] Group 1 - The company’s pre-restructuring debt claims do not include some of its subsidiaries, raising concerns about potential undisclosed liabilities that could result in a negative net asset value for the parent company by 2025 [1] - There is a risk that the company may face delisting if its audited net assets are negative due to asset impairment or undisclosed debts identified during the pre-restructuring process [1] - Creditors who do not submit claims during the pre-restructuring period can still file claims within the court-determined deadline during the restructuring process, but they will not have the right to participate in the pre-restructuring proceedings [1] Group 2 - The company faces significant uncertainty regarding its ability to enter the restructuring process and whether it can resolve the issues related to non-standard audit opinions [1]

Core Viewpoint - *ST Zhengping has experienced significant stock price increases, achieving a cumulative rise of 45.86% over the past 12 trading days, with 7 instances of hitting the daily limit up [2] Trading Performance - The stock recorded a trading volume of 22.69 million shares and a transaction value of 145 million yuan today, with a turnover rate of 3.24% [2] - The total market capitalization of the stock reached 4.562 billion yuan [2] Stock Movement Data - The stock's daily price changes and turnover rates over recent days are as follows: - January 7, 2026: +4.90% change, 6.82% turnover, net outflow of 39.45 million yuan [2] - January 6, 2026: +4.96% change, 5.37% turnover, net inflow of 3.75 million yuan [2] - January 5, 2026: -1.40% change, 6.09% turnover, net outflow of 20.66 million yuan [2] - December 31, 2025: +4.38% change, 12.62% turnover, net outflow of 49.53 million yuan [2] - December 30, 2025: +4.98% change, 0.40% turnover, net inflow of 7.56 million yuan [2] - December 29, 2025: +5.03% change, 0.39% turnover, net inflow of 5.13 million yuan [2] - December 26, 2025: +5.07% change, 5.42% turnover, net outflow of 1.42 million yuan [2] - December 25, 2025: +5.11% change, 0.30% turnover, net inflow of 7.22 million yuan [2] - December 24, 2025: +0.90% change, 8.61% turnover, net inflow of 5.51 million yuan [2] - December 23, 2025: -4.90% change, 8.05% turnover, net outflow of 42.97 million yuan [2] - December 22, 2025: +4.92% change, 13.27% turnover, net outflow of 2.52 million yuan [2] - December 19, 2025: -4.89% change, 10.38% turnover, net outflow of 32.39 million yuan [2] Market Activity - The stock has been listed on the "Dragon and Tiger List" due to its closing price deviation exceeding 12% over three consecutive trading days, with a net buying amount of 170,700 yuan from the leading trading departments [2]

Core Viewpoint - *ST Zhengping (603843.SH) has issued a risk warning announcement indicating that its stock has experienced a significant short-term increase, with a cumulative limit-up of 5 trading days and a total rise of 39.24% from December 24, 2025, to January 7, 2026, which has severely deviated from its fundamentals [1] Group 1 - The company has repeatedly issued announcements regarding abnormal stock trading fluctuations and risk warnings, urging investors to pay attention to the associated risks and to make rational decisions [1] - The company is undergoing a pre-restructuring debt claim process, but only a portion of the debt claims have been submitted, and some of its controlling subsidiaries are not included in this debt claim submission [1] - There is significant uncertainty regarding the accuracy and completeness of the debt claims, which may hinder the company's ability to resolve issues related to non-standard opinions through this debt claim process [1]

Core Viewpoint - *ST Zhengping (603843.SH) has issued a risk warning announcement indicating that its stock has experienced a significant short-term increase, with a cumulative limit-up of 5 trading days and a total rise of 39.24% from December 24, 2025, to January 7, 2026, which has severely deviated from its fundamentals [1] Summary by Categories Stock Performance - The company's stock has seen a cumulative limit-up of 5 trading days [1] - The total increase in stock price during this period is 39.24% [1] Risk Warnings - The company has repeatedly issued announcements regarding abnormal stock trading fluctuations and risk warnings [1] - Investors are advised to pay attention to the associated risks and make rational decisions [1] Debt Restructuring - The company is in the process of pre-restructuring debt claims, but only a portion of the claims have been submitted [1] - Some of the company's controlling subsidiaries are not included in the current pre-restructuring debt claims, leading to significant uncertainty regarding the accuracy and completeness of the claims [1] - The company may struggle to eliminate the non-standard opinions related to the matters through this debt claim process [1]

证券代码：603843 证券简称：*ST 正平 公告编号：2026-004 正平路桥建设股份有限公司 关于股票交易的风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 正平路桥建设股份有限公司（以下简称"公司"）股票自 2025 年 12 月 24 日至 2026 年 1 月 7 日期间累计涨停 5 个交易日，累计涨幅达 39.24%，公司股价短期涨幅 较大，已严重脱离基本面。公司多次发布股票交易异常波动及风险提示公告，请投资 者关注公司存在的相关风险，理性决策，审慎投资。 一、二级市场交易风险 截至 2025 年第三季度末，公司归母净资产仅为 2.80 亿元。但公司应收账款 11.20 亿元，合同资产 21.75 亿元，其他应收款 3.55 亿元，不排除因部分客户还款能 力较弱，相关往来款项信用风险加大，从而计提大额减值导致 2025 年度经审计净资 产为负的风险。在预重整债权申报的过程中，不排除发现应计而未计债务，导致 2025 年度经审计净资产为负的风险。此外，公司预重整债权申报仅涉及部分子公司，不排 除年审阶 ...

证券代码：603843 证券简称：*ST 正平 公告编号：2026-003 正平路桥建设股份有限公司 关于股票交易的风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 正平路桥建设股份有限公司（以下简称"公司"）股票自 2025 年 12 月 24 日至 2026 年 1 月 6 日期间累计涨停 5 个交易日，累计涨幅达 32.74%，公司股价短期涨幅 较大，已严重脱离基本面。公司多次发布股票交易异常波动及风险提示公告，请投资 者关注公司存在的相关风险，理性决策，审慎投资。 一、二级市场交易风险 公司股票自 2025 年 9 月 1 日至 2025 年 11 月 18 日期间累计涨幅达 221.93%，累 计涨停天数 26 天；2025 年 12 月 3 日至 2025 年 12 月 23 日连续跌停 10 个交易日，累 计跌幅达 48.50%；2025 年 12 月 24 日至 2026 年 1 月 6 日期间累计涨停 5 个交易日， 累计涨幅达 32.74%。公司股价剧烈交替走势可能存在市场情绪过热，非理性炒作情 ...

Core Viewpoint - The company, Zhengping Co., announced significant stock price volatility and irrational speculation from September 1, 2025, to January 6, 2026, indicating high trading risks [1] Financial Performance - As of the end of Q3 2025, the company's net assets attributable to shareholders were only 280 million yuan, with a potential risk of negative net assets due to asset impairment, which could lead to delisting [1] - The company's revenue for 2024 was 1.362 billion yuan, with a net loss 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 loss attributable to shareholders of 99 million yuan [1] Debt and Restructuring - The company is undergoing a pre-restructuring process with partial debt claims, which may not resolve the issues related to the non-standard audit opinion for 2024 [1]

证券代码：603843 证券简称：*ST 正平 公告编号：2026-002 ●涉案金额：公司与青海银行股份有限公司城北支行借款合同纠纷 2 起，涉 案金额合计 132,037,200.50 元。 ●是否会对上市公司损益产生负面影响：本次新增诉讼尚未开庭，对公司本 期利润或期后利润的影响尚具有不确定性，最终实际影响需以法院的终审判决为 准。终审判决后，公司将依据有关会计准则的要求和实际情况进行相应会计处理。 正平路桥建设股份有限公司 关于公司及子公司新增诉讼事项的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●本次新增 2 起诉讼事项所处的阶段：均为法院已受理，尚未开庭审理。 ●上市公司及子公司所处的当事人地位：均为被告之一。 ●公司将积极应对诉讼，持续关注案件进展，及时履行信息披露义务。敬请 广大投资者理性投资，注意投资风险。 一、本次新增诉讼的基本情况 正平路桥建设股份有限公司(以下简称"公司"或"正平股份")与青海银行 股份有限公司城北支行（以下简称"青海银行"）签订了《流动资金借款合同》。 近日， ...

证券代码：603843 证券简称：*ST 正平 公告编号：2026-001 正平路桥建设股份有限公司 关于预重整部分债权申报的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重大风险提示： ●公司预重整债权申报为部分债权申报，公司其他部分控股子公司未被纳入本次 预重整债权申报范围，债权申报准确性、完整性存在重大不确定性，公司可能难以通 过本次债权申报消除非标意见所涉事项。正平路桥建设股份有限公司（以下简称"公 司"或"正平股份"）预重整债权申报涉及母公司及部分子公司债权申报及调查，公 司部分控股子公司如贵州金九金、隆地电力等公司均未被纳入本次预重整债权申报及 债权调查范围。考虑到相关子公司业务规模较大，涉及债务较多，因相关公司未被纳 入预重整债权申报范围，公司可能难以通过本次预重整债权申报消除 2024 年非标意 见所涉及的工程项目成本费用、外部借款计量的准确性、完整性不足等事项。 ●公司不排除存在因资产减值、预重整债权申报发现应计而未计债务，导致 2025 年度经审计的归母净资产为负，从而被终止上市的风险。截至 2 ...

正平股份公告称，公司与子公司新增2起诉讼事项，均为法院已受理但未开庭，公司均为被告之一。原 告青海银行因公司未按时偿还借款本金及利息，对公司及其他相关方提起民事诉讼，2起借款合同纠纷 涉案金额合计1.32亿元。本次新增诉讼对公司本期及期后利润的影响尚不确定，最终以法院终审判决为 准，终审判决后公司将进行相应会计处理。 ...