卧龙地产拟更名为“卧龙新能” 向新能源产业方向发展

Core Viewpoint - Wolong Real Estate is transitioning towards the new energy sector in response to national "dual carbon" policies, aiming to create new profit growth points and inject new momentum into future development [1][2]. Group 1: Company Strategy and Changes - The company plans to change its stock name to "Wolong New Energy" to reflect its strategic shift towards the new energy industry [1]. - Wolong Real Estate is selling 90% of its stake in Shanghai Mining to its controlling shareholder, Wolong Holdings, which will eliminate competition with its subsidiary and allow the company to focus on new energy [2]. - The sale of the mining stake will provide cash flow to support the expansion of new energy projects, promoting sustainable development [2]. Group 2: Financial Performance - In 2024, the company reported a revenue of 3.611 billion yuan, a decrease of 24.08% year-on-year, and a net profit of 41 million yuan, down 75.15%, primarily due to a provision for inventory impairment of 175 million yuan [1]. - For the first quarter of 2025, the company achieved a revenue of 1.105 billion yuan, an increase of 97.53% year-on-year, while net profit was 36.086 million yuan, a decline of 22.22% [1]. Group 3: New Energy Initiatives - The company is actively pursuing projects in wind energy, solar energy, energy storage, and hydrogen energy, focusing on enhancing market share and technological capabilities [3]. - In the wind energy sector, the company is promoting the construction of a pilot project in Baotou [3]. - In the solar energy sector, the company aims to secure orders for distributed solar power stations [3]. - The company is leveraging core technologies in energy storage and hydrogen production to enhance product competitiveness [3].