证券代码：601606 证券简称：长城军工 公告编号：2025-029 安徽长城军工股份有限公司 股票交易严重异常波动公告 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： ● 安徽长城军工股份有限公司（以下简称"长城军工"或"公司"）股票交易于 2025年6月27日，6月30日，7月1日连续3个交易日内收盘价格涨幅偏离值累计超过20%， 属于《上海证券交易所交易规则》规定的股票交易异常波动情形。 ● 截至2025年7月1日收盘，公司股票连续10个交易日内（2025年6月18日至7月1 日）4次出现《上海证券交易所交易规则》规定的同向异常波动情形，根据《上海证券 交易所交易规则》有关规定，属于股票交易严重异常波动情况。目前，公司股票波动 严重异常，存在市场情绪过热的情形，可能存在非理性炒作，公司股票击鼓传花效应 十分明显，交易风险极大，存在短期大幅下跌的风险。敬请广大投资者理性投资，注 意投资风险。 ● 经公司自查并向控股股东及实际控制人核实，不存在应披露而未披露的重大事 项。公司特别提醒广大投资者，注意二级市场 ...

New Stock Issuance - The new stock "同宇新材" (code: 301630) is listed at an issuance price of 84.00[1] - "信通电子" (code: 001388) has an issuance price of 16.42[1] Rights Issues and Announcements - "济川药业" (code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - "中程退" (code: 300208) has 13 trading days remaining until the last trading day[1] - "退市锦港" (code: 600190) also has 13 trading days remaining until the last trading day[1] - "恒立退" (code: 000622) has 10 trading days remaining until the last trading day[1] Abnormal Fluctuations - "浙江东日" (code: 600113) reported severe abnormal fluctuations[1] - "汇金股份" (code: 300368) is noted for abnormal fluctuations[3]

Core Viewpoint - The A-share military industry sector is experiencing a rebound, with significant stock price increases observed in several companies, indicating renewed investor interest and confidence in the sector [1] Company Performance - Changcheng Military Industry has seen its stock hit the daily limit up, achieving a remarkable performance of 8 out of 10 trading days with price increases [1] - Other companies such as China Shipbuilding Emergency, Lijun Shares, Sichuan Chuang Electronics, and Jihua Group also experienced stock price surges, with some stocks reaching their daily limit [1] - Zhongke Haixun's stock price increased by over 10%, reflecting positive market sentiment towards military-related stocks [1]

Group 1 - The military industry stocks are experiencing a sustained rebound, with Changcheng Military Industry hitting the limit up for the second time in the afternoon, achieving 8 limit ups in 10 days [1] - Other stocks in the military sector, including China Shipbuilding Emergency, Changcheng Electric, Sichuang Electronics, Lijun Shares, Jihua Group, Weiguang Shares, and Kanda New Materials, also saw limit up increases, totaling over 10 stocks [1]

Group 1 - The military industry sector experienced a significant rally in the afternoon, with Changcheng Military Industry (601606) hitting the daily limit and reaching a new high [1] - Other companies such as China Shipbuilding Emergency (300527) and Lijun Co., Ltd. (002651) previously reached their limit up, indicating strong market interest [1] - Zhongke Haixun (300810) saw an increase of over 10%, while other companies like Zhongbing Hongjian (000519), Inner Mongolia First Machinery (600967), and China Marine Defense (600764) also showed notable gains [1] Group 2 - There is a noticeable influx of dark pool funds into these stocks, suggesting increased investor confidence and potential for further growth in the military sector [1]

Group 1 - The US stock market indices collectively rose, with the Dow Jones up 0.63%, Nasdaq up 0.47%, and S&P 500 up 0.52%, both Nasdaq and S&P 500 reaching historical closing highs [3] - In the first half of the year, the Nasdaq increased by 5.48%, the Dow Jones by 3.64%, and the S&P 500 by 5.5% [3] - Technology stocks saw collective gains, with Microsoft, Meta, and Netflix slightly rising and reaching intraday historical highs, while Apple rose by 2% [3] Group 2 - The Shenzhen Stock Exchange issued guidelines to support technology companies with "light assets and high R&D investment" for refinancing, aiming to enhance fundraising efficiency and promote technological innovation [4] - The Ministry of Finance, State Administration of Taxation, and Ministry of Commerce announced a tax credit policy for foreign investors reinvesting distributed profits in China from January 1, 2025, to December 31, 2028 [4] Group 3 - Suzhou Bank announced that Guofazhong Group has become its controlling shareholder, with plans to increase its stake by at least 400 million yuan over the next six months [6] - Changcheng Military Industry reported significant stock price volatility, indicating a "hot market sentiment" and potential irrational speculation, warning of high trading risks [7] Group 4 - Sinopec's chairman Ma Yongsheng resigned due to age reasons, and he will ensure a smooth transition before leaving the company [8] Group 5 - Guotai Junan Securities noted that the Chinese stock market's valuation logic is driven by domestic industrial innovation and a systematic reduction in market discount rates, suggesting that there is still room for short-term growth after the recent index rise [9] - The focus for investment should shift towards structural performance, particularly in new technology trends and new consumption sectors, as well as financial and high-dividend sectors [9]

Domestic News - The Ministry of Finance announced that foreign investors can offset 10% of the corresponding tax amount based on the investment amount when directly investing in qualified profit distributions [3] - The National Bureau of Statistics reported that the manufacturing PMI for June was 49.7%, an increase of 0.2 percentage points from the previous month [6] International News - Goldman Sachs has brought forward its prediction for a Federal Reserve interest rate cut to September [8] - The U.S. Treasury Secretary indicated that legislation on stablecoins may be completed by mid-July [8] - The European Union will extend sanctions against Russia for another six months until January 31, 2026 [8] - The Chicago Business Activity Index for June fell to its lowest level since January, while the Dallas Fed Business Activity Index has contracted for the fifth consecutive month [9] - The White House announced that President Trump will meet with his trade team this week to determine national tariff rates [10]

Core Viewpoint - The stock of Anhui Changcheng Military Industry Co., Ltd. has experienced a significant abnormal fluctuation, with a cumulative increase of over 100% in closing prices over 10 consecutive trading days from June 18 to June 30, 2025, indicating potential irrational speculation and high trading risks [1][3][6]. Group 1: Stock Performance - As of June 30, 2025, the closing price of the company's stock was 29.05 yuan per share, which is at a historical high, with a trading volume of 25.64 billion yuan [1][6]. - The stock's cumulative increase of 108.97% significantly exceeds the 4.69% increase of the Wande Military Industry Index and the 1.09% increase of the Shanghai Composite Index during the same period [6]. Group 2: Financial Performance - For the fiscal year 2024, the net profit attributable to shareholders was -363,277,070.70 yuan, and the net profit after deducting non-recurring gains and losses was -377,999,295.21 yuan [6]. - In the first quarter of 2025, the unaudited net profit attributable to shareholders was -54,253,426.95 yuan, with a net profit of -61,780,356.04 yuan after deducting non-recurring gains and losses [2][6]. Group 3: Business Operations - The company operates primarily in two segments: special products and civilian products, with the special products segment being the main focus [3]. - The company has confirmed that its production and operational activities are normal, with no significant changes affecting the stock's abnormal trading fluctuations [3][5]. Group 4: Risk Factors - The company has highlighted the risks associated with the current market sentiment, indicating that the stock's short-term price increase is not supported by fundamental changes in the company's performance [1][6]. - The company's current price-to-earnings (P/E) ratio is in a loss position, while its price-to-book (P/B) ratio stands at 9.69, which is higher than the industry average P/B ratio of 4.76 [6].

Core Viewpoint - Longcheng Military Industry (601606.SH) has experienced significant stock price volatility, with a cumulative increase of over 100% in share price from June 18 to June 30, leading to seven consecutive trading days of price limits [2][4]. Group 1: Stock Performance and Announcements - Longcheng Military Industry announced that its controlling shareholder and actual controller have not planned any major asset restructuring, share issuance, or acquisitions [4]. - The company reported a stock price increase that began on June 18, resulting in a significant upward trend in its stock price [2][3]. - The company has clarified that the recent asset restructuring of its indirect controlling shareholder, China Weapon Equipment Group, does not involve Longcheng Military Industry [4]. Group 2: Financial Performance - Longcheng Military Industry has been in a loss position, reporting a net profit of approximately -360 million yuan for 2024 and -50 million yuan for the first quarter of this year [6]. - The company has indicated that its production and operational activities are normal, with no significant changes affecting stock trading [6]. - The company’s revenue in the equipment manufacturing sector decreased by 8.33% year-on-year due to pricing adjustments based on customer evaluations and increased R&D expenses [7]. Group 3: Market Valuation - As of June 30, the weighted average rolling price-to-earnings (P/E) ratio for industry peers is 293.25 times, while Longcheng Military Industry's P/E ratio is negative due to losses [8]. - The weighted average price-to-book (P/B) ratio for industry peers is 4.76 times, whereas Longcheng Military Industry's P/B ratio stands at 9.69 times, indicating a higher valuation compared to its peers [8].

Core Viewpoint - The stock of Great Wall Industry (601606.SH) has experienced significant abnormal fluctuations, with a cumulative price deviation exceeding 100% over ten consecutive trading days, indicating potential irrational speculation and high trading risks [1][4]. Summary by Sections Stock Performance - As of June 30, 2025, Great Wall Industry's stock price has deviated by 108.97% since June 18, 2025, while the military industry index rose by 4.69% and the Shanghai Composite Index increased by 1.09% during the same period [5]. - The closing price on June 30, 2025, was 29.05 yuan, marking a historical high, with a trading volume of 25.64 billion yuan [5]. Market Activity - From June 18 to June 30, 2025, the total trading volume reached 409.85 billion yuan, with equal buy and sell amounts of 204.92 billion yuan, resulting in a net buy of 200 million yuan [8]. - Institutional investors bought 40.82 billion yuan and sold 39.31 billion yuan, leading to a net buy of 1.51 billion yuan [8]. Trading Risks - The company warns of extreme trading risks due to market sentiment being overheated and the potential for a significant short-term price drop [4][5]. - The stock has shown a 10% increase on June 30, 2025, with a turnover rate of 12.47% and a volatility of 10.3% [8]. Financial Performance - According to the 2024 annual report, the net profit attributable to shareholders was -363.28 million yuan, and the net profit after deducting non-recurring gains and losses was -378.00 million yuan, highlighting performance risks [5].