ST Zhengping: Stock prices experiencing sharp fluctuations, multiple risks remind investors to invest cautiously.

Zhengping Corporation announced that from September 2025 to January 23, 2026, the company's stock has accumulated a gain of 121.56%, with multiple instances of abnormal volatility. The company's fundamentals have not changed, but the drastic fluctuations in stock price have accumulated high trading risks. In addition, the company's pre-restructuring claims declaration is only partially declared, with some subsidiaries not included, which may make it difficult to resolve the non-standard issues raised in 2024. The company does not rule out the possibility of being delisted due to negative net assets attributable to shareholders in the audited financial statements for 2025 caused by asset impairment. The company's revenue in 2024 was 1.362 billion yuan, with a net loss of 484 million yuan attributable to shareholders; Revenue for the first three quarters of 2025 was 652 million yuan, with a net loss of 99 million yuan attributable to shareholders.