STOCKS | *ST Zhengping Flags Multiple Risks After Abnormal Share Price Volatility

*ST Zhengping said its shares saw abnormal trading volatility after the cumulative deviation in the closing-price decline exceeded 20% over three consecutive trading days from July 6 to July 8, 2026. According to Jin10, the company said it has not yet replied to the Shanghai Stock Exchange’s inquiry letter regarding its 2025 annual report as of the announcement date, and the outcome of removing its delisting-risk warning remains uncertain. The company said its audited net assets for 2025 were 50.4942 million yuan, and it does not rule out the risk that the figure could turn negative after adjustments. It also warned of risks including insufficient mineral mining capacity, frozen mining rights, uncertainty around restructuring, and incomplete creditor claims filings, and urged investors to be cautious.