Xuelong Group Co Ltd

Xuelong Group disclosed an announcement on abnormal stock trading fluctuations on the evening of September 29. The company's stock saw its closing price deviation exceed 20% cumulatively over three consecutive trading days on September 24, September 28, and September 29, triggering abnormal fluctuation conditions. Over four trading days on September 23, September 24, September 28, and September 29, Xuelong Group's share price hit the daily limit-up each day, with a cumulative gain of 46.49%; from September 22, 2026 to September 29, the cumulative closing price deviation over five consecutive trading days was 48.27%. The announcement cited the latest data from China Securities Index Company, saying the company's latest price-to-earnings ratio is 43.54, while the latest static P/E ratio for the automobile manufacturing industry is 21.69. The company warned that the stock's rapid short-term rise could trigger a quick pullback risk. As of September 29, 2026, the company's actual controllers He Cailin, He Pinyan, and He Qunyan directly or indirectly controlled a total of 142 million shares, accounting for 67.52% of the company's equity, while the remaining external tradable shares accounted for 32.48%, a relatively small proportion that may carry irrational speculation risk. Over the above five trading days, the company's cumulative turnover rate was 14.19%, a significant increase. After self-inspection and verification, the company said there are no major matters that should be disclosed but have not been disclosed, and that production and operations are currently normal, with no major adjustments in the market environment or industry policies. The company's 2026 semi-annual report shows that in the first half of the year it achieved operating revenue of 240 million yuan, up 13.12% year on year; net profit attributable to the parent company was 48.13 million yuan, up 16.61% year on year; and non-GAAP net profit was 39.24 million yuan, up 15.30% year on year. It also plans to distribute a cash dividend of 0.20 yuan per share, tax included, to all shareholders.