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。 ...

证券代码：000638 证券简称：*ST 万方 公告编号：2025-067 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： 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。 一、股票交易异常波动情况 1、公司未发现近期公共传媒有报道可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 2、公司目前经营情况正常，内外部经营环境未发生重大变化。 3、截至目前，公司、控股股东和实际控制人不存在关于公司的应披露而未 披露的重大事项，或处于筹划阶段的重大事项。 1 / 3 4、股票异动期间，未发生公司控股股东、实际控制人 ...

格隆汇10月20日丨*ST万方（维权）(000638.SZ)公布，公司收到双阳农商行发来的《关于提前终止减持 计划暨减持结果的告知函》，其根据自身计划，决定提前终止股份减持计划。截至本公告披露日，双阳 农商行累计减持3,113,800股（占公司总股本的1.00%），其中通过集中竞价方式减持3,113,800股（占公 司总股本的1.00%）。 ...

证券代码：000638 证券简称：*ST万方 公告编号：2025-066 1 / 2 万方城镇投资发展股份有限公司 关于持股 5%以上大股东提前终止减持计划 暨减持实施结果的公告 持股 5%以上股东吉林双阳农村商业银行股份有限公司保证向本公司提供的 信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 2025 年 9 月 2 日，万方城镇投资发展股份有限公司（以下简称"公司"） 收到了 5%以上股份的股东吉林双阳农村商业银行股份有限公司（以下简称"双 阳农商行"）发来的《关于股份减持计划的告知函》，双阳农商行计划自本次减 持计划公告之日起十五个交易日后的三个月内（即 2025 年 9 月 25 日至 2025 年 12 月 23 日），以集中竞价方式或大宗交易合计减持公司无限售流通股股份不超 过 9,341,596 股（不超过公司总股本的 3%）。 2025 年 10 月 10 日，公司收到双阳农商行发来的《关于减持计划实施进展 暨股份减持触及 1%整数倍的告知函》，结合中国证券登记结算有限责任公司（以 下简称"中国结算"）系统下 ...

Market Overview - The Shanghai Composite Index closed at 3859.80 points, above the annual line, with a change of 0.52% [1] - The total trading volume of A-shares reached 14312.80 billion yuan [1] Stocks Breaking Annual Line - A total of 148 A-shares have surpassed the annual line today, with notable stocks including: - Tengda Technology with a deviation rate of 9.43% - Shengyang Technology at 9.02% - Jida Zhengyuan at 8.67% [1] - Stocks with smaller deviation rates that just crossed the annual line include *ST Biology, Hongte Technology, and Yunding Technology [1] Top Performers - The top three stocks with the highest deviation rates are: 1. Tengda Technology: Today's increase of 10.01%, turnover rate of 22.36%, latest price at 23.85 yuan [1] 2. Shengyang Technology: Today's increase of 10.00%, turnover rate of 6.20%, latest price at 12.10 yuan [1] 3. Jida Zhengyuan: Today's increase of 10.02%, turnover rate of 8.23%, latest price at 26.57 yuan [1] Additional Notable Stocks - Other notable stocks with significant performance include: - Shengbang Safety with an increase of 8.32% and a deviation rate of 6.63% [1] - Pingmei Co. with an increase of 6.35% and a deviation rate of 5.95% [1] - Tianao Electronics with an increase of 10.00% and a deviation rate of 5.73% [1]

Core Viewpoint - The announcement highlights the abnormal trading fluctuations of WanFang Urban Investment Development Co., Ltd. and the potential risks associated with the change in its major shareholder status due to legal proceedings against its largest shareholder, WanFang Yuan [2][3][8]. Group 1: Stock Trading Abnormalities - The company's stock experienced a cumulative price deviation of 14.35% over three consecutive trading days from October 15 to October 17, 2025, which qualifies as abnormal trading activity according to Shenzhen Stock Exchange rules [3]. - The company has confirmed that there are no undisclosed significant events that could have impacted the stock price [4][5]. Group 2: Shareholder Changes - WanFang Yuan, the major shareholder, has faced legal actions resulting in the auction of 90,860,000 shares, which have failed to sell, leading to a risk of losing its status as the largest shareholder [2][8]. - If WanFang Yuan loses its major shareholder status, the voting rights associated with 80,444,000 shares will automatically become invalid, potentially leading to a change in control of the company [9]. Group 3: Regulatory and Compliance Issues - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [10]. - The company has not disclosed any performance forecasts or provided unpublished third-quarter performance information, with the third-quarter report scheduled for release on October 31, 2025 [10].

关于股票交易异常波动的公告 证券代码：000638 证券简称：*ST 万方 公告编号：2025-065 万方城镇投资发展股份有限公司 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： 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。 一、股票交易异常波动情况 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 15 日至 2025 年 10 月 17 日）收盘价格涨幅累计偏离值为 14.35％， 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 ...