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 ...

Core Viewpoint - Wolong New Energy (600173.SH) reported its Q3 2025 results, highlighting a significant institutional ownership increase, indicating strong investor confidence in the company [1] Institutional Ownership - As of October 23, 2025, six institutional investors disclosed holding a total of 429 million shares of Wolong New Energy, representing 61.31% of the company's total equity [1] - The institutional ownership increased by 0.57 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, the Southern CSI All Index Real Estate ETF, reported a slight decrease in holdings compared to the previous quarter [1] - Fourteen public funds that did not disclose holdings this quarter include notable names such as Huaxia CSI All Index Real Estate ETF and Xinhua Active Value Flexible Allocation Mixed A [1]

Core Viewpoint - The company has reported its financial results for the first three quarters of 2025, highlighting significant developments in its renewable energy and real estate sectors, alongside a decision to recognize impairment losses to reflect its financial status accurately [6][14][25]. Financial Data - The company achieved a revenue of 583 million yuan in the renewable energy sector, with a net profit of approximately 99.29 million yuan, of which 35.27 million yuan is attributable to shareholders [6][7]. - In the real estate sector, the company reported a signed sales area of 56,300 square meters and sales revenue of 422 million yuan, with a net profit of approximately 15.20 million yuan [7][8]. Impairment Provision - The company has recognized an impairment provision of 51.86 million yuan for the first three quarters of 2025, which represents 126.91% of the net profit attributable to the parent company for the year 2024 [14][16]. - The impairment includes 42.68 million yuan for inventory and 1.77 million yuan for contract assets [14][15]. Corporate Governance - The company held its 17th board meeting, where it elected Wang Xiquan as the representative for company affairs and approved the establishment of an audit committee to oversee financial matters [20][23][25]. - The board confirmed that the impairment provision aligns with the principles of prudence and accurately reflects the company's financial information [17][18].

Group 1 - The company, Wolong New Energy, announced a provision for impairment of 51.8584 million yuan for the period from January to September 2025, which represents 126.91% of the audited net profit attributable to the parent company for the fiscal year 2024 [1]

Core Insights - Wolong New Energy (600173.SH) reported a revenue of 2.469 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 19.36% [1] - The net profit attributable to shareholders was 75.75 million yuan, down 42.7% year-on-year [1] - The non-recurring net profit was 52.77 million yuan, reflecting a significant decrease of 62.76% year-on-year [1] - The basic earnings per share stood at 0.1096 yuan [1]