Core Viewpoint - The stock of Fulongma (603686) has experienced significant volatility, with a notable decline in price and multiple appearances on the trading leaderboard due to abnormal trading activity [1][4]. Trading Information Summary - As of June 6, 2025, Fulongma's stock closed at 15.6 yuan, down 12.36% from the previous week’s closing price of 17.8 yuan. The stock reached a peak of 18.7 yuan on June 3, 2025, marking its highest point in nearly a year, and hit a low of 15.29 yuan on June 6, 2025. The current market capitalization stands at 6.481 billion yuan, ranking 33rd in the environmental governance sector and 2350th among all A-shares [1]. - Fulongma has appeared on the trading leaderboard four times in the past five trading days due to a daily price fluctuation limit deviation of 7% and a turnover rate of 20% [1][4]. Company Announcement Summary - Fulongma Group has established several subsidiaries in Shanghai, Jiangxi, and Zhejiang, including Fulongma Environmental Technology (Shanghai) Co., Ltd. with a registered capital of 5 million yuan, and two other subsidiaries with a registered capital of 20 million yuan each. Additionally, the company announced it has pre-qualified for two sanitation service projects in May 2025, with a total first-year service fee of 9.289 million yuan and a total contract value of 27.4731 million yuan. So far this year, the company has won 20 sanitation service projects, with a total first-year amount of 325.4034 million yuan and a total contract value of 951.2216 million yuan [2]. Stock Trading Abnormality Summary - Fulongma's stock experienced a cumulative price fluctuation deviation exceeding 20% over three consecutive trading days from May 28 to May 30, 2025. The company confirmed that there were no undisclosed significant events affecting its operations, and its business operations remain normal. For the first quarter of 2025, the company reported a revenue of 1.164 billion yuan, a year-on-year decrease of 1.75%, and a net profit attributable to shareholders of 63.4903 million yuan, down 2.37% year-on-year [3].