Hefei Construction: Stock price experiencing abnormal fluctuations, declining performance and uncertain investment returns.

The announcement of Hefei Urban Construction stated that the company's stock had a cumulative deviation in price decline exceeding 20% on July 14th and 15th, 2026, which is considered abnormal fluctuation. The revenue for the year 2025 was 10.102 billion yuan, with a net loss of 521 million yuan; the revenue for the first quarter of 2026 was 2.688 billion yuan, with a net loss of 24.8946 million yuan; it is expected to incur a loss of 170-230 million yuan in the first half of 2026. The company and its subsidiaries have paid 60 million yuan to Guolian Fund, accounting for 9.09%, and Guolian Fund has indirectly invested 450 million yuan in Changxin Technology, but it has little impact on the company's performance. The company's main business is real estate development and sales, not involved in the semiconductor field, and has no business dealings with Changxin Technology. At present, there are no undisclosed matters that should be disclosed.