ST Zhengping: Stock price experiencing abnormal fluctuations, indicating various risks of delisting.

ST Zhengping announced that the company's stock price had consecutive deviations of over 12% on January 30th and February 2nd, 2026, triggering abnormal fluctuations. The stock rose by 20.74% from January 6th to 9th, and fell by 24.96% from January 12th to 29th. The company's fundamentals remain unchanged, but the stock price fluctuations pose high risks. Additionally, the company faces several delisting risks, such as the possibility of negative net assets by the end of 2025, unresolved non-standard audit opinions in 2024, and audit opinions for 2025 may not be unqualified. In 2024, the company's revenue was 1.362 billion yuan, with a net profit attributable to shareholders of -484 million yuan; in the first three quarters of 2025, the revenue was 652 million yuan, with a net profit attributable to shareholders of -99 million yuan.