According to Wepag's announcement, the daily closing price increase deviation value of the company's stock exceeded 20% for three consecutive trading days from July 22 to 24, 2026, which was an abnormal fluctuation. The company's business focuses on urban and rural water supply. It is not involved in the field of liquid cooling, and has no related projects, orders or revenue; the water management platform accounts for an extremely low proportion of AI-related business revenue. The company's operating performance has been losing money for two consecutive years. Net profit for 2024 to 2025 was -212 million yuan and -153 million yuan respectively. The net loss for the first half of 2026 is expected to be around 132 million yuan. Remind investors to be aware of the risks.

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