Core Viewpoint - The special verification report by Zhongxinghua Certified Public Accountants LLP indicates that Wolong New Energy Group Co., Ltd. has issues related to fictitious transactions and profits, but the accounting treatments comply with the relevant enterprise accounting standards [1][3]. Financial Audit Overview - Wolong New Energy's financial statements for the years 2022 to 2024 were audited, with the 2022 audit conducted by Lixin Certified Public Accountants, which issued a standard unqualified opinion [1]. - Zhongxinghua provided audit reports for 2023 and 2024, both also receiving standard unqualified opinions [1]. Verification Procedures - The verification included checks for fictitious transactions and profits, as well as compliance with accounting standards [2]. - The audit assessed whether there were any adjustments to accounting profits to meet or evade regulatory requirements [2]. Verification Conclusions - The verification concluded that Wolong New Energy has instances of fictitious transactions and profits, but the accounting treatments are in line with enterprise accounting standards [3]. - There were no findings of related party transactions that deviated significantly from comparable market prices [3]. - Specific issues identified include insufficient basis for revenue recognition in certain rare earth trading activities and inaccuracies in inventory balance disclosures for 2022 [3].