特此公告。 万方城镇投资发展股份有限公司 万方城镇投资发展股份有限公司 第十届监事会第四次会议决议公告 本公司及其监事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 万方城镇投资发展股份有限公司（以下简称"公司"） 第十届监事会第四次 会议通知于 2025 年 10 月 17 日以通讯形式发出，会议于 2025 年 10 月 29 日下午 14:30 时在北京市朝阳区裕民路 12 号中国国际科技会展中心 B 座 12A 公司会议 室以通讯的方式召开，应到监事 5 人，实到 5 人，会议由监事会主席乔同京先生 主持。本次会议的召集和召开符合《公司法》《公司章程》及公司《监事会议事 规则》的有关规定。会议审议并通过了如下议案： 一、以5票同意，0 票反对，0 票弃权，审议通过了《关于2025年第三季度 报告的议案》。 监事会认为：公司 2025 年第三季度报告的编制和审议程序符合法律、法规、 《公司章程》及公司内部管理制度的各项规定，报告真实反映出公司 2025 年第 三季度的经营管理和财务状况等事项。监事会亦未发现参与 2025 年第三季度报 告编制和审议人员有违反保密规定 ...

万方城镇投资发展股份有限公司（以下简称"公司"）第十届董事会第四次会 议通知于 2025 年 10 月 17 日以通讯形式发出，会议于 2025 年 10 月 29 日下午 14:30 时在北京市朝阳区裕民路 12 号中国国际科技会展中心 B 座 12A 公司会议 室以通讯的方式召开，会议应到董事 9 名，实到 9 名，会议由董事长刘玉女士主 持，本次会议召开符合《公司法》及《公司章程》的相关规定。会议审议并通过 了如下议案： 证券代码：000638 证券简称：*ST万方 公告编号：2025-068 万方城镇投资发展股份有限公司 第十届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 内容详见公司于本公告同日在《中国证券报》《证券时报》《上海证券报》《证 券日报》及巨潮资讯网（http://www.cninfo.com.cn）上披露的《2025 年第三季度 报告》（公告编号：2025-071）。 特此公告。 1 / 2 万方城镇投资发展股份有限公司 一、以7票同意，0票反对，0票弃权，2票回避，审议通过了《关于2025年 度日常关联交易 ...

证券代码：000638 证券简称：*ST 万方 公告编号：2025-072 万方城镇投资发展股份有限公司 关于股票交易异常波动的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、2025 年 10 月 10 日，公司大股东万方源收到《执行裁定书》（(2025)吉 01 执 119 号之五），因万方源所持公司股票 90,860,000 股两次拍卖均已流拍，九 台农商行向长春中院申请以万方源所持公司股票 90,860,000 股第二次拍卖所定的 保留价接收财产抵偿债务。上述股票过户完成后，万方源将失去公司第一大股东 的身份，不再持有公司股票，公司存在控股股东、实际控制人发生变更或无实际 控制人的风险。 万方城镇投资发展股份有限公司（以下简称"公司"）股票连续三个交易日 （2025 年 10 月 28 日至 2025 年 10 月 30 日）收盘价格涨幅累计偏离值为 13.63％， 根据《深圳证券交易所交易规则》（2023 年修订）的第 5.4.3 条规定，ST 和*ST 主板股票连续三个交易日内日收盘价涨跌幅偏离值累计达到±12%的属于股票交 ...

Core Insights - *ST Wanfang reported a significant decline in third-quarter revenue, with a total of 22.97 million yuan, representing a year-on-year decrease of 62.42% [1] - The net loss attributable to shareholders for the third quarter was 3.57 million yuan, which is a year-on-year increase in loss of 129.14% [1] - For the first three quarters, the company achieved a revenue of 175.54 million yuan, showing a year-on-year growth of 60.43% [1] - The net loss attributable to shareholders for the first three quarters was 8.59 million yuan, reflecting a year-on-year decrease in loss of 164.64% [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥22,968,285.82, a decrease of 62.42% compared to the same period last year[5] - The net profit attributable to shareholders was -¥3,569,361.87, representing a decline of 129.14% year-on-year[5] - The basic earnings per share were -¥0.0115, down 129.26% from the previous year[5] - The company reported a 60.43% increase in operating revenue year-to-date, totaling ¥175,541,282.24, mainly driven by increased agricultural business revenue[9] - The company experienced a 69.95% rise in operating costs, amounting to ¥166,998,442.91, attributed to the growth in agricultural business costs[10] - The company recorded a significant drop of 99.53% in non-operating income, totaling ¥158,093.49, compared to the previous year[10] - The total operating revenue for the current period reached ¥175,541,282.24, a significant increase from ¥109,420,815.31 in the previous period, representing a growth of approximately 60.4%[29] - Total operating costs amounted to ¥186,528,420.59, up from ¥118,359,075.60, indicating an increase of about 57.7%[29] - The company's net loss for the current period was ¥11,500,052.05, an improvement compared to a loss of ¥18,323,415.88 in the previous period[29] - The company incurred total comprehensive loss of CNY -14,384,895.03, compared to a comprehensive income of CNY 11,148,318.85 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥265,735,313.26, a decrease of 12.04% from the end of the previous year[5] - Cash and cash equivalents decreased to ¥25,321,744.13 from ¥51,432,455.82, reflecting a decline of approximately 50.8%[26] - Accounts receivable decreased to ¥34,493,579.94 from ¥39,176,692.02, a reduction of about 11.5%[26] - Inventory levels dropped to ¥29,163,417.14 from ¥41,085,302.77, showing a decrease of approximately 29.0%[26] - Total assets decreased to ¥265,735,313.26 from ¥302,116,014.80, a decline of about 12.0%[27] - Total liabilities decreased to ¥129,324,511.09 from ¥154,283,324.02, indicating a reduction of approximately 16.2%[27] - The company's equity attributable to shareholders decreased to ¥139,492,729.46 from ¥151,056,738.54, a decline of about 7.7%[28] Cash Flow - The cash flow from operating activities for the year-to-date was -¥13,681,847.34, an improvement of 68.95% compared to the same period last year[10] - The company reported a net cash outflow from operating activities of CNY -13,681,847.34, an improvement from CNY -44,057,325.66 in the previous period[32] - Cash and cash equivalents at the end of the period decreased to CNY 25,316,744.13 from CNY 60,679,422.49 in the previous period[33] - The total operating cash inflow was CNY 251,199,612.66, significantly higher than CNY 114,595,529.87 in the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,510[12] - Beijing Wanfangyuan Real Estate Development Co., Ltd. holds 29.18% of the shares, totaling 90,860,000 shares[12] - Jilin Shuangyang Rural Commercial Bank holds 6.02% of the shares, totaling 18,753,100 shares[12] - The largest shareholder, Wanfangyuan, is facing judicial auction of its 90,860,000 shares, which represents 29.18% of the total share capital[14] - The first auction attempt for Wanfangyuan's shares on September 2, 2025, failed due to no bids[15] - Jilin Shuangyang Rural Commercial Bank plans to reduce its holdings by up to 9,341,596 shares, which is 3% of the total share capital, within three months starting from September 25, 2025[21] - As of October 10, 2025, Jilin Shuangyang Rural Commercial Bank has reduced its holdings by 1,056,300 shares, decreasing its ownership from 6.2846% to 5.9454%[21] Regulatory Matters - The company received a notice from the China Securities Regulatory Commission regarding a case of suspected information disclosure violations[18] - Wanfangyuan's loss of major shareholder status may lead to a change in control, as it has delegated voting rights for 80,444,000 shares to Huide Industrial Co., Ltd.[16] - The company has disclosed multiple announcements regarding the judicial auction and regulatory matters in various financial publications[17] Impairment and Investments - The company reported a credit impairment loss of ¥528,306.50, contrasting with a gain of ¥7,276,252.27 in the previous period[29] - The company received CNY 500,000.00 from new investments during the period[32]

Group 1: Stock Issuance and Trading Alerts - Multiple stocks experienced significant abnormal fluctuations, including 香农芯创 (300475) and 天普股份 (605255) with announcements on October 24 and 21 respectively[1] - 盈新发展 (000620) and *ST宝鹰 (002047) had announcements on October 30 indicating potential trading alerts[1] - A total of 30 stocks were flagged for abnormal trading activities on October 30, indicating a heightened market volatility[1] Group 2: Recent Announcements - 许多公司如 ST万方 (000638) and 农心科技 (001231) had their announcements published on October 27, indicating ongoing corporate activities[2] - The report includes links to detailed announcements for 30 different stocks, providing transparency and access to information for investors[2] - The announcements cover a range of sectors, highlighting the diverse nature of the market and the potential for investment opportunities[2]

Market Overview - Major market indices opened higher, with the Shanghai Composite Index rising by 0.05% to 3990.27 points, the Shenzhen Component Index increasing by 0.40% to 13484.01 points, and the ChiNext Index up by 1.07% to 3263.98 points [1] Stock Performance - A total of 1761 stocks rose at the opening, with 11 stocks hitting the daily limit up. Notable performers included *ST Wanfang with 11 consecutive limit ups over 13 days, ST Zhongdi with 9 consecutive limit ups, and Pingtan Development with 7 limit ups over 9 days [1] - Conversely, 2802 stocks declined at the opening, with 6 stocks hitting the daily limit down, including *ST Suwu and *ST Heke [1] Price Continuity - Among stocks that hit the limit up yesterday, 9 stocks continued to rise at the opening today, including Pingtan Development and Shikong Technology. Stocks that opened lower included Yashi Chuangneng, Geer Software, and *ST Nanzhi, with declines of 5.20%, 5.04%, and 4.83% respectively [1] - From the stocks that hit the limit down yesterday, 4 stocks continued to decline today, including *ST Suwu and *ST Heke [1]

Core Viewpoint - *ST WanFang (SZ000638) experienced a trading limit increase of 5.05%, reaching a price of 5.74 yuan, with a total market capitalization of 1.878 billion yuan, driven by significant revenue growth and improved asset layout [1] Group 1: Financial Performance - The company reported a substantial revenue increase of 215.9% year-on-year for the first half of 2025, with the astaxanthin business growing by 170%, indicating strong growth potential in certain business segments [1] - The total trading volume reached 31.577 million yuan, reflecting active market interest [1] Group 2: Asset Layout and Business Diversification - The company acquired land use rights for 46,000 square meters and established two new holding subsidiaries, enhancing its asset layout for future development [1] - The company operates in three major business segments: agriculture, military, and biomedicine, showcasing a diversified development strategy [1] Group 3: Market Sentiment and Institutional Activity - Recent institutional buying was noted on October 17, indicating positive market sentiment towards the company's future business development, although there was a net sell-off on October 24, suggesting some volatility in fund flows [1] - The performance of the military electronics sector may influence the company's stock price due to potential interconnections within the industry [1]

Core Viewpoint - *ST WanFang has experienced abnormal stock trading fluctuations, with a cumulative price increase deviation of 14.57% over three consecutive trading days, while the company's operational status remains normal and no significant changes in the internal or external business environment have occurred [1] Group 1: Stock Trading and Ownership Structure - The major shareholder, Beijing WanFang Yuan Real Estate Development Co., Ltd., faces uncertainty as its 90.86 million shares have been subject to failed auctions, leading to potential changes in the controlling shareholder or actual controller of the company [1] - WanFang Yuan has delegated all voting rights of 80.44 million shares (25.83% of total shares) to Huide Industrial Co., Ltd. for five years, making Huide the controlling shareholder, with the Jiangyuan District Finance Bureau as the actual controller [2] - If WanFang Yuan loses its status as the major shareholder, the voting rights delegation will automatically become invalid [2] Group 2: Business Operations - *ST WanFang's main business focuses on agriculture and military industries, with agricultural products including raw grains and feed corn, and military operations providing precision machining and special welding services for lightweight, high-precision metal structures [2] Group 3: Financial Performance - In 2024, *ST WanFang reported revenue of 391 million yuan, a year-on-year increase of 133.70%, and a net profit attributable to shareholders of 10.65 million yuan, up 304.49%, although the net profit after deducting non-recurring items was -4.60 million yuan [3] - The company has been placed under delisting risk warning due to negative net profit and revenue figures, with the first half of the year showing no significant improvement, reporting revenue of 153 million yuan and a net loss of 5.02 million yuan [3] - The China Securities Regulatory Commission has initiated an investigation into *ST WanFang for suspected violations of information disclosure regulations [4]

人民财讯10月26日电，*ST万方（000638）10月26日发布股票交易异常波动公告称，10月10日，公司大 股东万方源收到《执行裁定书》，因万方源所持公司股票9086万股两次拍卖均已流拍，九台农商行向长 春中院申请以万方源所持公司股票9086万股第二次拍卖所定的保留价接收财产抵偿债务。上述股票过户 完成后，万方源将失去公司第一大股东的身份，不再持有公司股票，公司存在控股股东、实际控制人发 生变更或无实际控制人的风险。 ...