ST Zhengping: Stock price abnormally fluctuating, with losses in performance and multiple risks.

ST Zhengping announced that the cumulative deviation of the closing price of the company's stock for three consecutive trading days from January 16th to 20th, 2026 exceeded 12%, indicating abnormal fluctuations. The stock price has increased by 126.77% from September 2025 to January 15, 2026. The company has been experiencing continuous losses in performance, with a revenue of 1.362 billion yuan and a net loss of 484 million yuan in 2024; a revenue of 652 million yuan and a net loss of 99 million yuan in the first three quarters of 2025. In addition, the company faces risks such as uncertain debt restructuring claims, asset impairment, delisting, fund occupation and illegal guarantees, inadequate mining capacity, and frozen mining rights.