Heshun Petroleum: Stock price abnormally fluctuating, planning to acquire 5.4 billion equity of Kui Xin Technology.

Heshun Petroleum announced that the company's stock price deviated by more than 20% in two consecutive trading days on November 14 and November 17, 2025, which is considered abnormal fluctuations. After self-examination, it was found that there were no significant undisclosed information other than the information already disclosed. On November 17, the company disclosed its intention to acquire at least 34% equity of Kui Xin Technology with cash, controlling a total of 51% of the voting rights through voting rights delegation, with an expected transaction amount not exceeding 540 million yuan. In addition, the company's controlling shareholder and concerted action parties have agreed to transfer part of the shares, which will not affect the controlling rights. In Q3 of 2025, the company's revenue was 2.126 billion yuan, a decrease of 0.13% year-on-year; the net profit was 21.8062 million yuan, a decrease of 49.44% year-on-year.