ST Zhengping: Stock price fluctuates sharply, indicating multiple risks of delisting.

ST Zhengping announced that from September 1, 2025 to February 5, 2026, the company's stock price has accumulated a 125.28% increase, with multiple instances of daily limit up and limit down during this period. The company's fundamentals remain unchanged, but the stock price fluctuations have accumulated high trading risks. In addition, the company faces various risks of delisting, including negative net assets, a possible non-unqualified audit opinion for the fiscal year 2025, and continued non-standard internal control audits. The company's revenue in 2024 was 1.362 billion yuan, with a net loss attributable to shareholders of -0.484 billion yuan; in the first three quarters of 2025, revenue was 652 million yuan, with a net loss attributable to shareholders of -0.99 billion yuan.