Core Viewpoint - Wolong Real Estate is undergoing a significant transformation by shifting its focus from real estate to the renewable energy sector, as indicated by its name change to "Wolong New Energy" effective May 15, 2025, reflecting its strategic pivot away from traditional real estate operations [1] Group 1: Business Transition - Wolong Real Estate has a history of diversifying its business, previously attempting to enter the gaming and mining sectors, but these efforts have not yielded sustainable success [1][2] - The company has faced declining performance in its real estate segment, with a reported sales revenue decrease of 34.71% in 2022 and a further decline of 22.74% in 2023 [5][6] - The recent acquisition of stakes in four energy-related companies marks the company's third major business transition, aiming to establish a foothold in the renewable energy market [8] Group 2: Financial Performance - In 2022, Wolong Real Estate achieved a total revenue of 4.735 billion yuan, with mining trade contributing 3.095 billion yuan, a year-on-year increase of 247.91%, while real estate sales dropped to 1.627 billion yuan [5] - The company's mining trade revenue in 2023 was 3.471 billion yuan, reflecting a 12.13% increase, but real estate sales fell to 1.257 billion yuan, down 22.74% [6] - For 2024, the company anticipates a further decline in both mining trade and real estate sales, with projected decreases of 28.62% and 15.35%, respectively [6] Group 3: Strategic Challenges - The recent acquisitions in the energy sector involve companies that are currently operating at a loss, raising questions about the viability of this strategic shift [8] - Wolong Real Estate's overall revenue for 2024 is projected to be 3.61 billion yuan, a decrease of 24.08%, with net profit expected to drop by 75.15% [9] - The company's historical focus on specific regional markets has limited its growth potential, with revenues stagnating around ten billion yuan over the past three years [9]

Core Viewpoint - Wolong Real Estate is actively transforming by divesting its mining business and focusing on the renewable energy sector, aiming to create new profit growth points amidst declining revenues from its traditional operations [1][3][6]. Group 1: Divestment of Mining Business - On May 10, Wolong Real Estate announced the sale of 90% of its stake in Shanghai Mining to its indirect controlling shareholder, Wolong Holdings, marking a complete divestment from the mining sector [1][3]. - In 2024, Wolong Real Estate's total revenue is projected to be 3.611 billion yuan, with the mining trade business contributing 2.477 billion yuan, accounting for 68.6% of total revenue [1][3]. - The decision to divest comes as the mining business's revenue has significantly declined from 3.599 billion yuan in 2022 to 2.477 billion yuan in 2024, indicating a drop in its revenue-generating capacity [4][5]. Group 2: Shift to Renewable Energy - Concurrently, Wolong Real Estate has acquired several companies in the renewable energy sector, including Zhejiang Long Energy and Zhejiang Wolong Energy Storage, and will change its name to "Wolong New Energy" on May 15 [1][6]. - The acquired companies have shown mixed financial performance, with only Long Energy reporting a profit of approximately 105 million yuan in 2024, while others are operating at a loss [6][7]. - The strategic shift towards renewable energy is seen as a proactive response to industry cycles and aims to establish a second growth curve for the company [7][9]. Group 3: Industry Context and Trends - The renewable energy sector is experiencing significant growth, with global photovoltaic installations expected to increase by over 30% in 2024, and battery shipments projected to grow by 25% [7][8]. - The competitive landscape is intensifying, with leading companies like CATL and BYD reporting substantial profits, while others face challenges such as declining profits or losses [8]. - The trend of real estate companies diversifying into new sectors is becoming more common as they seek to mitigate risks associated with the saturated real estate market [9][10].

Core Viewpoint - Wolong Real Estate is undergoing a significant transformation by divesting its mining business and shifting focus towards the renewable energy sector, aiming to establish a dual business model of "real estate + renewable energy" [1][10]. Group 1: Divestment of Mining Business - On May 10, Wolong Real Estate announced plans to sell 90% of its stake in Shanghai Mining to its indirect controlling shareholder, Wolong Holdings, marking a complete exit from the mining trade [3][4]. - In 2024, Wolong Real Estate's total revenue was reported at 3.611 billion yuan, with the mining business contributing 2.477 billion yuan, accounting for 68.6% of total revenue [3][4]. - The decision to divest comes amid a decline in the revenue of the mining business, which fell from 3.599 billion yuan in 2022 to 2.477 billion yuan in 2024 [4][6]. Group 2: Shift to Renewable Energy - Concurrently, Wolong Real Estate has acquired several companies in the renewable energy sector, including Zhejiang Long Energy and Zhejiang Wolong Energy Storage, and will change its name to "Wolong New Energy" on May 15 [10][12]. - The acquired companies include one profitable entity, Long Energy, which reported a net profit of approximately 105 million yuan in 2024, while the others reported losses [12]. - The strategic shift towards renewable energy is seen as a proactive response to industry cycles and aims to capture growth opportunities in the context of global energy transition and carbon neutrality goals [12][13]. Group 3: Industry Context and Challenges - The renewable energy sector is experiencing high growth, with global photovoltaic installations increasing by over 30% in 2024, and battery shipments growing by 25% [13]. - However, the industry is also facing challenges, with some companies experiencing profit declines, highlighting the competitive landscape and the need for effective resource integration and management [13][16]. - The trend of real estate companies diversifying into other sectors, such as renewable energy, is becoming more common as firms seek to mitigate risks associated with the traditional real estate market [14][15].

Core Viewpoint - The company is undergoing a significant transformation from a traditional mineral trading business to a focus on renewable energy, as evidenced by the change of its stock abbreviation to "卧龙新能" (Wolong New Energy) and the divestiture of its mining assets [1][3][5] Group 1: Company Name and Stock Abbreviation Change - The company will officially change its stock abbreviation from "卧龙地产" (Wolong Real Estate) to "卧龙新能" (Wolong New Energy) on May 15, 2025, following approval from the Shanghai Stock Exchange [1][3] - The name change reflects the company's strategic shift towards renewable energy, with the management team having extensive experience in the industry [3] Group 2: Asset Divestiture - The company is in the process of selling its core mineral trading platform, Shanghai Mining, with preliminary valuation agreements reached between the parties involved [1][4] - The sale of Shanghai Mining, which accounted for nearly 70% of the company's revenue, aims to eliminate competition with its controlling shareholder, Wolong Holdings [4][5] Group 3: Strategic Focus on Renewable Energy - The company plans to actively respond to the national "dual carbon" policy by developing its renewable energy business, which includes wind, solar, energy storage, and hydrogen energy sectors [2] - Specific initiatives include the construction of a wind energy project in Baotou and the acquisition of distributed solar power station orders to enhance market share [2] - The company has made significant acquisitions in 2025, including stakes in four companies related to power and energy storage, establishing a comprehensive business matrix in the renewable energy sector [5]

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets announced significant updates, providing insights for investors [2] Company Announcements - Wolong Real Estate will change its stock name to "Wolong New Energy" effective May 15, 2025, while the stock code remains unchanged [3] - Ningbo Fuda has terminated its major asset restructuring plans due to a lack of agreement on the final transaction scheme, with no significant impact on its current operations or financial status [4] - Land usage rights for a site in Shanghai will be returned by Shanghai Xiba due to external economic conditions, expected to reduce profits by approximately 36.42 million yuan, which is about 85% of the previous year's audited net profit [7] - Blue Dai Technology plans to acquire an 18% stake in Chongqing Taiguan for 34.11 million yuan, resulting in full ownership of the subsidiary [6] Performance Metrics - China Merchants Shekou reported a sales amount of 14.764 billion yuan in April, with a cumulative sales area of 2.0594 million square meters for the first four months of 2025 [8] - Shoukai Co. achieved a sales amount of 1.46 billion yuan in April, with a 24.92% decrease in sales area compared to the previous month [9] - Tiankang Biological reported a sales revenue of 380 million yuan from pig sales in April, with a 1.06% increase from the previous month [10] - Longyuan Co. reported a sales revenue of 125 million yuan from pig sales in April, with a 14.59% increase from the previous month [11] - New Wufeng sold 408,100 pigs in April, marking a 36.31% year-on-year increase [13] - Guangqi Group's April automobile sales were 116,400 units, a 12.66% year-on-year decline [16] - Jianghuai Automobile reported April sales of 30,764 units, down 3.55% year-on-year [17] - Shunong Development achieved a sales revenue of 1.533 billion yuan in April, a 0.68% year-on-year increase [19] Contracts and Agreements - Fuling Electric plans to sign a contract for an energy management project in Anhui Province, with an estimated investment of 488 million yuan and projected returns of 790 million yuan over eight years [21] - *ST Weihai has been pre-selected for a construction project with a bid of 108 million yuan, which represents 4.33% of its audited revenue for 2024 [22] Shareholder Actions - Liyuan Technology's shareholder plans to reduce holdings by up to 3.04 million shares, representing no more than 2.0008% of total shares [23] - Baoli Food's shareholder intends to reduce holdings by up to 3% of total shares, equating to approximately 12 million shares [24] Share Buybacks - Hongta Securities' chairman proposed a share buyback plan with a total amount between 100 million and 200 million yuan [26]

一、本次交易概述 公司拟将持有的上海矿业 90%股权出售予公司间接控股股东卧龙控股或其子 公司。本次交易完成后，公司将不再持有上海矿业股权。 公司于 2025 年 4 月 12 日披露了《卧龙资源集团股份有限公司关于筹划重大 资产出售暨关联交易的提示性公告》（公告编号：临 2025-036 号）， 对本次交易涉 及的相关事项进行了详细说明。 二、本次交易进展情况 自《卧龙资源集团股份有限公司关于筹划重大资产出售暨关联交易的提示性 公告》披露以来，公司已就本次交易事项同各相关方持续沟通协商，并积极推进 方案论证、尽职调查等相关工作。 截至本公告披露日，具体交易方案尚需进一步协商和确定，交易双方尚未签 署交易协议。公司将根据本次交易的进展情况，严格按照相关法律法规的规定履 行有关的决策审批程序和信息披露义务。 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： 证券代码：600173 证券简称：卧龙地产 公告编号：临 2025-044 卧龙新能源集团股份有限公司 关于筹划重大资产出售暨关联交易的进展公告 三、风险提示 ...

Group 1 - The company will change its stock abbreviation from "卧龙地产" to "卧龙新能" while maintaining the stock code "600173" effective from May 15, 2025 [1][3] - The decision to change the stock abbreviation was approved by the company's board with a unanimous vote of 9 in favor [1] - The change aligns with the company's strategic direction towards the renewable energy sector, which is expected to provide significant profit support in the future [3] Group 2 - The company has completed acquisitions of significant stakes in several energy-related companies, including 44.90% of Zhejiang Longneng Power Technology Co., Ltd. and 80% of Zhejiang Wolong Energy Storage System Co., Ltd. [1] - The company aims to actively respond to the national "dual carbon" policy by developing in the renewable energy sector, focusing on wind, solar, energy storage, and hydrogen energy [2] - The company plans to enhance its core technological capabilities in energy storage and hydrogen production, seeking sustainable growth opportunities [2]

证券代码：600173 证券简称：卧龙地产 公告编号：临 2025-045 卧龙新能源集团股份有限公司 证券简称变更实施公告 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。 2025 年 4 月 30 日，卧龙新能源集团股份有限公司（以下简称"公司"）召开 第十届董事会第十次会议，以 9 票同意，0 票反对，0 票弃权，审议通过《关于变 更公司证券简称的议案》。 二、公司证券简称变更的原因 重要内容提示： 一、公司董事会审议变更证券简称的情况 为符合公司未来发展战略和经营需要，且新能源业务未来将为公司利润提供 重要支撑，同时新能源产业管理团队为成熟运营团队，皆在业内深耕多年，拥有 丰富的行业经验，公司名称从"卧龙资源集团股份有限公司"已变更为"卧龙新 能源集团股份有限公司"。为了使公司证券简称与公司名称保持一致，公司拟将证 券简称由"卧龙地产"变更为"卧龙新能"，证券代码"600173"保持不变。 三、公司证券简称变更的实施 经公司申请，并经上海证券交易所办理，公司证券简称将自 2025 年 5 月 15 日起由"卧龙地产"变 ...

证券代码：600173 证券简称：卧龙地产 公告编号：临 2025-044 卧龙新能源集团股份有限公司 关于筹划重大资产出售暨关联交易的进展公告 卧龙新能源集团股份有限公司（以下简称"公司"、"上市公司"）拟将持 有的卧龙矿业（上海）有限公司（以下简称"上海矿业"、"标的公司"） 90.00%股权出售予公司间接控股股东卧龙控股集团有限公司（以下简称 "卧龙控股"） 或其子公司（以下简称"本次交易"）。 本次交易构成关联交易。本次交易拟采用现金支付方式，不涉及发行股 份，不会影响公司的股权结构，不会导致公司控股股东和实际控制人发 生变更。 经初步研究及测算，本次交易预计构成《上市公司重大资产重组管理办 法》规定的重大资产重组。 本次交易尚处于筹划阶段，具体交易方案仍需进一步协商和确定，且尚 需按照相关法律 、法规及公司章程的规定履行必要的决策和审批程序。 本次交易相关事项尚存在重大不确定性，交易能否顺利实施存在一定的 不确定性。根据《上市公司重大资产重组管理办法》和《上海证券交易 所上市公司自律监管指引第 4 号——停复牌》等规定，公司股票不停牌。 公司将根据相关事项的进展情况，及时履行信息披露义务，敬请广大投 ...

卧龙地产（600173）公告，公司证券简称将自2025年5月15日起由"卧龙地产"变更为"卧龙新能"，证券 代码"600173"保持不变。公司于2025年1月26日和2025年2月26日召开董事会和股东大会，审议通过了收 购浙江龙能电力科技股份有限公司44.90%股权、浙江卧龙储能系统有限公司80%股权、卧龙英耐德(浙 江)氢能科技有限公司51%股权和绍兴上虞舜丰电力有限责任公司70%股权等议案，并已实现对上述收购 标的的控制。公司名称已变更为"卧龙新能源集团股份有限公司"，拟将证券简称与公司名称保持一致， 变更符合公司实际情况，不存在利用变更证券简称影响股价、误导投资者或损害公司及中小股东利益的 情形。 ...