Core Viewpoint - The rare earth permanent magnet sector is experiencing a significant upward trend, with notable stock price increases among key companies in the industry [1] Group 1: Company Performance - Wolong New Energy has reached its daily limit increase in stock price [1] - Hengdian East Magnetic has seen a stock price increase of over 8% [1] - Other companies such as Galaxy Magnetic, Huicheng Environmental Protection, Lingyi Zhizao, and Greeenmei have also experienced stock price increases [1]

Core Viewpoint - The company is actively engaged in energy storage projects and has developed core technologies for energy storage systems, indicating a strong position in the renewable energy sector [2]. Group 1: Energy Storage Projects - The company has developed self-researched technologies including BMS, PCS, EMS, PACK, and system integration for energy storage [2]. - The company provides key equipment and system solutions for energy storage to various clients, including grid-side, commercial and industrial, and end-users [2]. Group 2: Rare Earth Projects - The company was inquired about its rare earth mining projects, indicating potential interest in this sector, although specific details were not provided in the response [2].

证券代码：600173 证券简称：卧龙新能 公告编号：临 2025-082 卧龙新能源集团股份有限公司 关于为间接控股股东提供担保的进展公告 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 142,569.00 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 37.94% | | 特别风险提示（如有请勾选） | □对外担保总额（含本次）超过上市公司最近 一期经审计净资产 50% | | | □对外担保总额（含本次）超过上市公司最近 | | | 一期经审计净资产 100% | | | □对合并报表外单位担保总额（含本次）达到 | | | 或超过最近一期经审计净资产 30% | | | □本次对资产负债率超过 70%的单位提供担 | | | 保 | | 其他风险提示（如有） | 无 | 一、担保情况概述 （一） 担保的基本情况 卧龙新能源集团股份有限公司（以下简称"公司"）与中国进出口银行浙江省 分行（以下简称"进出口行浙江省分行"）签订《保证合同》，约定公司为控股股 东卧龙控股集团有 ...

Group 1 - The total amount of external guarantees provided by the company and its subsidiaries is 1.426 billion yuan, which accounts for 37.94% of the audited net assets attributable to the parent company for the fiscal year 2024 [1] - The company has provided a guarantee of 1.07 billion yuan to its indirect controlling shareholder, Wolong Holdings, which represents 28.47% of the audited net assets attributable to the parent company for the fiscal year 2024 [1] - The company does not have any overdue guarantee situations [1]

Group 1 - Wolong New Energy's stock increased by 5.04%, reaching 8.34 CNY per share, with a trading volume of 463 million CNY and a turnover rate of 8.43%, resulting in a total market capitalization of 5.842 billion CNY [1] - The company, established on July 17, 1993, and listed on April 15, 1999, is primarily engaged in real estate development and sales, with revenue composition as follows: mineral trading 67.33%, property sales 13.99%, photovoltaic power generation 8.35%, energy storage system sales 8.20%, and others 2.13% [1] Group 2 - Southern Fund's Southern CSI Real Estate ETF (004642) entered the top ten circulating shareholders of Wolong New Energy in the second quarter, holding 4.4702 million shares, which is 0.64% of the circulating shares, with an estimated floating profit of approximately 1.7881 million CNY [2] - The Southern CSI Real Estate ETF was established on August 24, 2017, with a current scale of 173 million CNY, yielding 8.24% year-to-date, ranking 3622 out of 4222 in its category, and a one-year return of 29.75%, ranking 3250 out of 3813 [2] Group 3 - The fund manager of Southern CSI Real Estate ETF is Luo Wenjie, who has a cumulative tenure of 12 years and 157 days, managing total assets of 138.999 billion CNY, with the best fund return during his tenure being 145.85% and the worst being -47.6% [3]

Group 1 - The stock of Wolong New Energy (600173) fell by 8.70% today, with a turnover rate of 15.77% and a trading volume of 960 million yuan, showing a fluctuation of 9.31% [2] - The stock was listed on the Shanghai Stock Exchange's watchlist due to a daily price deviation of -7.55%, with a total net sell of 33.82 million yuan from brokerage seats [2] - In the past six months, the stock has appeared on the watchlist five times, with an average price increase of 4.66% the next day and an average increase of 3.71% over the following five days [2] Group 2 - For the first half of the year, the company reported a revenue of 2.15 billion yuan, representing a year-on-year growth of 36.38%, while net profit was 81.55 million yuan, a year-on-year decline of 26.97% [3] - The top five buying and selling brokerage seats on September 18 included Guosen Securities and CITIC Securities, with the largest buy amounting to 19.21 million yuan and the largest sell reaching 26.59 million yuan [3][4] - The net outflow of main funds today was 75.37 million yuan, with significant outflows from large orders and special large orders [2]

Market Overview - On September 18, the real estate development sector fell by 2.11%, with Wolong New Energy leading the decline [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the real estate sector included: - Shouke Co., Ltd. (600376) with a closing price of 8.07, up 9.95% [1] - Leijiang Holdings (600162) at 2.88, up 9.92% [1] - China New Group (601512) at 10.33, up 8.51% [1] - Major decliners included: - Wolong New Energy (600173) at 8.50, down 8.70% [2] - Rongsheng Development (002146) at 1.82, down 8.54% [2] - Hualian Holdings (000036) at 4.41, down 5.16% [2] Capital Flow - The real estate development sector experienced a net outflow of 1.258 billion yuan from institutional investors, while retail investors saw a net inflow of 1.278 billion yuan [2] - Specific stock capital flows indicated: - Wan Tong Development (600246) had a net inflow of 640.96 million yuan from institutional investors [3] - Su Ning Global (000718) saw a net outflow of 70.88 million yuan from retail investors [3] - China New Group (601512) had a net inflow of 40.21 million yuan from institutional investors [3]

Core Viewpoint - Wolong New Energy (600173) announced that the company does not have any overdue guarantee situations [1] Group 1 - The company released an announcement on the evening of September 17 [1]

Core Viewpoint - The company has provided a guarantee for its indirect controlling shareholder, Wolong Holdings, for a financing transaction with the National Development Bank Zhejiang Branch, with a total guarantee amount not exceeding 250 million yuan [2][7]. Summary by Sections Guarantee Details - The company signed a guarantee contract with the National Development Bank Zhejiang Branch, agreeing to provide a guarantee for Wolong Holdings' financing activities, with a total guarantee amount of 250 million yuan [2][7]. - The guarantee is a joint liability guarantee, and Wolong Holdings will provide a counter-guarantee for this transaction [2]. Internal Decision-Making Process - The company held its 15th meeting of the 10th Board of Directors on July 25, 2025, to review and approve the guarantee proposal, with related directors abstaining from voting due to the nature of the transaction [2][3]. - The independent directors of the company expressed their opinion that Wolong Holdings has a good asset and credit status, capable of repaying debts, and that the risk is controllable [2]. Guarantee Agreement Content - The guarantee agreement specifies that the guarantee amount is 250 million yuan, covering all principal, interest, penalties, and other related costs associated with the loan [7]. - The guarantee period is from September 18, 2025, to September 18, 2027 [7]. Necessity and Reasonableness of the Guarantee - The company believes that providing this guarantee is beneficial for mutual development, as Wolong Holdings has consistently supported the company, especially in financing [8][9]. - The risk associated with this guarantee is considered manageable, and it does not harm the interests of the company or its minority shareholders [8][9]. Cumulative Guarantee Situation - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is 850 million yuan, which accounts for 22.61% of the company's audited net assets for 2024 [10]. - The total amount of guarantees provided to the indirect controlling shareholder, Wolong Holdings, is 550 million yuan, representing 14.64% of the company's audited net assets for 2024 [10].

证券代码：600173 证券简称：卧龙新能 公告编号：临 2025-081 卧龙新能源集团股份有限公司 关于为间接控股股东提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 卧龙控股集团有限公司 | | | --- | --- | --- | --- | | | 本次担保金额 | 亿元 2.5 | | | 担保对象 | 实际为其提供的担保余额 | 5.5 亿元（含本次） | | | | 是否在前期预计额度内 | 是 □否 | □不适用：_________ | | | 本次担保是否有反担保 | 是 □否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 84,969.00（含本次） | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 22.61 | | 特别风险提示（如有请勾选） | □对 ...