Core Points - Wolong New Energy's stock price dropped by 5.08% to 8.60 CNY per share, with a trading volume of 467 million CNY and a turnover rate of 7.56%, resulting in a total market capitalization of 6.024 billion CNY [1] Company Overview - Wolong New Energy Group Co., Ltd. is located in Shaoxing City, Zhejiang Province, and was established on July 17, 1993, with its listing date on April 15, 1999 [1] - The company's main business includes real estate development and sales, with revenue composition as follows: mineral trade 67.33%, real estate sales 13.99%, photovoltaic power generation 8.35%, energy storage system sales 8.20%, and others 2.13% [1] Shareholder Information - Among the top ten circulating shareholders of Wolong New Energy, a fund under Southern Fund holds a position. The Southern CSI Real Estate ETF Initiated Link A (004642) reduced its holdings by 99,700 shares in the third quarter, now holding 4.3705 million shares, which is 0.62% of the circulating shares [2] - The estimated floating loss for the fund today is approximately 2.0104 million CNY [2] Fund Manager Profile - The fund manager of Southern CSI Real Estate ETF Initiated Link A (004642) is Luo Wenjie, who has a cumulative tenure of 12 years and 200 days. The total asset scale of the fund is 170.445 billion CNY [3] - During his tenure, the best fund return was 151.55%, while the worst return was -47.6% [3]

Core Viewpoint - Wolong New Energy's stock price has shown significant growth this year, but recent financial performance indicates a decline in net profit despite a slight increase in revenue [2][3]. Group 1: Stock Performance - As of October 31, Wolong New Energy's stock price decreased by 2.08%, trading at 9.43 CNY per share with a market capitalization of 6.606 billion CNY [1]. - The stock has increased by 138.13% year-to-date, with a 9.02% rise over the last five trading days and a 52.59% increase over the last 60 days [2]. Group 2: Financial Metrics - For the period from January to September 2025, Wolong New Energy reported revenue of 2.469 billion CNY, reflecting a year-on-year growth of 2.18%, while net profit attributable to shareholders decreased by 29.92% to 75.7501 million CNY [2]. - The company has distributed a total of 963 million CNY in dividends since its A-share listing, with 112 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 189.93% to 59,100, while the average number of circulating shares per person decreased by 65.51% to 11,843 shares [2]. - The fourth largest circulating shareholder is the Southern CSI Real Estate ETF, holding 4.3705 million shares, a decrease of 99,700 shares from the previous period [3].

Core Insights - The rare earth permanent magnet sector saw a slight increase of 0.43% as of the market close on October 30, ranking 8th among concept sectors [1] - Within this sector, 30 stocks experienced gains, with notable increases from Jiuling Technology (up 9.85%), Keheng Co., Ltd. (up 6.89%), and Zhongke Magnetic (up 5.71%) [1] - Conversely, stocks such as Fangbang Co., Ltd. (down 5.68%), Wanlang Magnetic Plastic (down 5.32%), and Gangyan Nake (down 3.49%) faced significant declines [1] Market Performance - The rare earth permanent magnet sector had a net outflow of 160 million yuan in principal funds today, with 26 stocks receiving net inflows [2] - China Aluminum led the net inflow with 168 million yuan, followed by Zhongkuang Resources (130 million yuan), Jinli Permanent Magnet (127 million yuan), and Antai Technology (90.3 million yuan) [2] Fund Flow Ratios - New Fengguang, Keheng Co., Ltd., and Wolong New Energy had the highest net inflow ratios at 15.33%, 11.29%, and 10.51% respectively [3] - The top stocks in the rare earth permanent magnet sector based on net inflow include: - China Aluminum: 4.04% increase, 4.18% turnover rate, 168.41 million yuan net inflow [3] - Zhongkuang Resources: 5.68% increase, 6.37% turnover rate, 129.55 million yuan net inflow [3] - Jinli Permanent Magnet: 4.81% increase, 11.01% turnover rate, 126.72 million yuan net inflow [3] Declining Stocks - Stocks such as Fangbang Co., Ltd. and Wanlang Magnetic experienced the largest declines, with Fangbang down 5.68% and Wanlang down 5.32% [5] - Other notable declines included Zhongke Magnetic (down 1.35%) and Baogang Co., Ltd. (down 1.79%) [5][6]

Group 1 - Wolong New Energy's stock price increased by 5.03% to 9.82 CNY per share, with a trading volume of 465 million CNY and a turnover rate of 6.93%, resulting in a total market capitalization of 6.879 billion CNY [1] - The stock has risen for three consecutive days, with a cumulative increase of 8.09% during this period [1] - The company, established on July 17, 1993, and listed on April 15, 1999, primarily engages in real estate development and sales, with revenue contributions from mineral trading (67.33%), real estate sales (13.99%), photovoltaic power generation (8.35%), energy storage system sales (8.20%), and other sources (2.13%) [1] Group 2 - Among the top ten circulating shareholders of Wolong New Energy, a fund under Southern Fund holds a position. The Southern CSI Real Estate ETF Initiated Link A (004642) reduced its holdings by 99,700 shares in the third quarter, now holding 4.3705 million shares, which is 0.62% of the circulating shares [2] - The fund has realized a floating profit of approximately 2.0541 million CNY today and a total floating profit of 3.0593 million CNY during the three-day increase [2] - The Southern CSI Real Estate ETF Initiated Link A was established on August 24, 2017, with a current scale of 202 million CNY. Year-to-date returns are 10.03%, ranking 3658 out of 4216 in its category, while the one-year return is 3.32%, ranking 3713 out of 3885. Since inception, the fund has incurred a loss of 38.68% [2]

Core Viewpoint - Wolong New Energy's stock price has shown significant growth this year, with a year-to-date increase of 140.91% and a recent upward trend in trading activity [2] Group 1: Stock Performance - As of October 30, Wolong New Energy's stock price rose by 2.03% to 9.54 CNY per share, with a trading volume of 1.00 billion CNY and a turnover rate of 1.53%, resulting in a total market capitalization of 66.83 billion CNY [1] - The stock has experienced a 4.84% increase over the last five trading days, a 9.66% increase over the last 20 days, and a 51.67% increase over the last 60 days [2] Group 2: Financial Performance - For the period from January to September 2025, Wolong New Energy reported a revenue of 2.469 billion CNY, reflecting a year-on-year growth of 2.18%, while the net profit attributable to shareholders decreased by 29.92% to 75.75 million CNY [2] - The company has distributed a total of 963 million CNY in dividends since its A-share listing, with 112 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Wolong New Energy reached 59,100, an increase of 189.93% from the previous period, while the average circulating shares per person decreased by 65.51% to 11,843 shares [2] - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF ranked as the fourth largest, holding 4.3705 million shares, a decrease of 99,700 shares from the previous period [3]

Group 1 - The core point of the news is that Wolong New Energy's stock price increased by 5.07% to 9.54 CNY per share, with a trading volume of 448 million CNY and a turnover rate of 6.98%, resulting in a total market capitalization of 6.683 billion CNY [1] - Wolong New Energy Group Co., Ltd. is located in Shaoxing City, Zhejiang Province, and was established on July 17, 1993, with its listing date on April 15, 1999. The company's main business includes real estate development and sales [1] - The revenue composition of Wolong New Energy is as follows: mineral trade accounts for 67.33%, real estate sales 13.99%, photovoltaic power generation 8.35%, energy storage system sales 8.20%, and other revenues 2.13% [1] Group 2 - From the perspective of the top ten circulating shareholders of Wolong New Energy, a fund under Southern Fund ranks among them. The Southern CSI Real Estate ETF Initiated Link A (004642) reduced its holdings by 99,700 shares in the third quarter, holding a total of 4.3705 million shares, which represents 0.62% of the circulating shares [2] - The Southern CSI Real Estate ETF Initiated Link A (004642) was established on August 24, 2017, with a latest scale of 202 million CNY. Year-to-date, it has achieved a return of 9.21%, ranking 3673 out of 4216 in its category; over the past year, it has returned 0.45%, ranking 3722 out of 3877; since inception, it has incurred a loss of 39.14% [2]

Group 1 - The metal lead concept declined by 1.70%, ranking among the top declines in the concept sector, with companies like Yuguang Gold Lead, Shengda Resources, and Xiyu Co. experiencing significant drops [1][2] - Among the metal lead concept stocks, 28 experienced net outflows of main funds, with a total outflow of 2.038 billion yuan, led by Zijin Mining with a net outflow of 477 million yuan [2][3] - The top gainers in the metal lead concept included Beijiete, Wolong New Energy, and Jinhui Co., with increases of 7.71%, 4.25%, and 2.97% respectively [1][3] Group 2 - The leading concept sectors for today included Cross-Strait with a gain of 4.29%, while the metal lead sector was among the worst performers [2] - The main fund inflows were observed in stocks like Wolong New Energy, High Energy Environment, and Hebang Bio, with inflows of 54.7 million yuan, 43.9 million yuan, and 29.0 million yuan respectively [2][3] - The metal lead concept stocks with the highest turnover rates included Yuguang Gold Lead at 9.32% and Zijin Mining at 1.28% [3]

Core Viewpoint - Wolong New Energy Group Co., Ltd. has completed the transfer of 90% equity in Wolong Mining (Shanghai) Co., Ltd. to Zhejiang Wolong Shunyu Investment Co., Ltd., marking a significant asset sale and related transaction [1]. Group 1: Transition Period - The transition period for the asset transfer is defined as from January 1, 2025, to June 30, 2025, based on the agreement signed with Wolong Shunyu [2]. Group 2: Profit and Loss Arrangement - According to the share sale agreement, if the target company generates profits or experiences an increase in net assets during the transition period, the profits and increases will be retained by the listed company. Conversely, any losses or decreases in net assets will be borne by Wolong Shunyu [3]. Group 3: Audit Findings - The special audit conducted by Zhongxinghua Accounting Firm revealed that during the transition period, the target company achieved a net profit of RMB 13,412,909.45, with no losses or decreases in net assets. Therefore, the counterparty is not required to bear any compensation responsibility, and the earnings generated during this period will be enjoyed by the listed company [4].

卧龙矿业（上海） 有限公司 资产重组过渡期损盖情况 的专项审计报告 中共华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址：北京市丰台区丽泽路 20 号丽泽 SOHO Ｂ座 20 层 电话: (010) 51423818 传真: (010) 51423816 日 录 一、专项审计报告 12 二、过渡期利润表 三、过渡期利润表附注 四、审计报告附件、 ··· 1. 中兴华会计师事务所（特殊普通合伙）营业执照复印件 2. 中兴华会计师事务所（特殊普通合伙）执业证书复印件 3. 注册会计师执业证书复印件 (特殊普通合伙) 中兴华会计师事务所 ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址 (location): 北京市丰台区丽泽路20 号丽泽 SOHO R 座 20 星 20/F,Tower B,Lize SONO,20 Lize Road,Fengtai District,Beijing PR China 传真 (fax): 010-51423816 电 话 ( t e l ) : 0 ...

证券代码：600173 证券简称：卧龙新能 公告编号：临 2025-085 卧龙新能源集团股份有限公司 关于重大资产出售暨关联交易之标的资产 过渡期损益情况的公告 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。 中兴华会计师事务所（特殊普通合伙）对标的公司的过渡期损益进行了专项审计， 并出具了《卧龙矿业（上海）有限公司资产重组过渡期损益情况的专项审计报告》 （中兴华专字【2025】第 510008 号）。根据上述专项审计报告，本次交易过渡期间， 标的公司实现净利润为人民币 13,412,909.45 元，未发生亏损，亦未发生其他导致净资 产减少的情形，交易对方无需承担补偿责任，标的资产在过渡期间内产生的收益由上 市公司享有。 特此公告。 卧龙新能源集团股份有限公司董事会 截至本公告披露日，标的资产过渡期损益审计工作已经完成，现将有关情况公告 如下： 一、标的资产过渡期间 根据公司与卧龙舜禹签订的《股份出售协议》约定，本次交易的过渡期为自基准 日至交割日止的期间，本次交易审计、评估基准日为 2024 年 12 月 31 日，结合 ...