二〇二五年十一月 财务顾问声明 北京博星证券投资顾问有限公司（以下简称"本财务顾问""博星证券"） 接受信息披露义务人连宗盛委托，担任连宗盛及其一致行动人深圳市前海派德高 盛投资合伙企业(有限合伙)（以下简称"派德高盛"）收购山西科新发展股份有 限公司（以下简称"上市公司""公司"或"科新发展"）的财务顾问。博星证 券作为本次收购的收购方财务顾问，持续督导期为科新发展公告详式权益变动报 告书之日（即 2024 年 8 月 1 日）起至权益变动完成后的 12 个月止。 北京博星证券投资顾问有限公司 关于连宗盛及其一致行动人深圳市前海派 德高盛投资合伙企业(有限合伙) 收购山西科新发展股份有限公司 之 2025 年第三季度持续督导报告暨总结报告 财务顾问 2025 年 10 月 31 日，上市公司公布了 2025 年第三季度报告。根据《中华人 民共和国证券法》和《上市公司收购管理办法》等法律法规和规则，本财务顾问 就本次持续督导期间内（即自 2025 年 7 月 1 日至 2025 年 9 月 30 日，以下简称 "本持续督导期"）规范运作、信息披露、履行公开承诺、落实后续计划等情况 出具督导报告。 本督导报告不 ...

山西科新发展股份有限公司 2025 年第一次临时股东会资料 二〇二五年十一月十八日 山西科新发展股份有限公司 2025 年第一次临时股东会资料目录 | 一、2025 年第一次临时股东会议事规则………………………………2 | | --- | | 二、2025 年第一次临时股东会议程……………………………………6 | | 三、《关于续聘会计师事务所的议案》…………………………………8 | 1 山西科新发展股份有限公司 2025 年第一次临时股东会议事规则 为维护全体股东的合法权益，确保 2025 年第一次临时股东会的 正常秩序和议事效率，保证本次股东会的顺利召开，根据《公司法》、 中国证监会《上市公司股东会规则》、《公司章程》和《股东会议事规 则》等规定，特制定本次会议的议事规则： 一、本公司根据《公司法》、《上市公司股东会规则》和《公司章 程》等的规定，认真做好本次股东会的各项工作。 二、本次股东会设秘书处，具体负责本次会议的会务工作。 三、出席本次现场股东会的股东及股东代理人，应在会议开始前 半小时到达会议地点，并办理会议登记手续： 1、法人股东： 由法定代表人出席会议的，应出示本人身份证，法人股东单位的 营 ...

Market Overview - The decoration and renovation sector increased by 0.78% compared to the previous trading day, with *ST Mingjia leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - *ST Mingjia (300506) closed at 5.06, up 10.00% with a trading volume of 337,400 shares and a turnover of 167 million yuan [1] - *ST Baoying (002047) closed at 3.73, up 5.07% with a trading volume of 1.28 million shares and a turnover of 466 million yuan [1] - *ST Dongyi (002713) closed at 15.26, up 5.02% with a trading volume of 48,400 shares and a turnover of 7.39 million yuan [1] - ST Keli Da (603828) closed at 7.23, up 4.93% with a trading volume of 134,100 shares and a turnover of 9.63 million yuan [1] Capital Flow - The decoration and renovation sector experienced a net outflow of 127 million yuan from institutional investors, while retail investors saw a net inflow of 175 million yuan [2] - The main capital inflow was observed in Jin Tanglang (002081) with a net inflow of 16.18 million yuan, while Jianghe Group (601886) had a net inflow of 11.85 million yuan [3] - *ST Mingjia (300506) recorded a net inflow of 11.04 million yuan from main capital, despite a net outflow from retail investors [3]

Core Viewpoint - Kexin Development, established in 1993 and listed in 2000, operates in multiple sectors including construction decoration, advertising media, and office leasing, showcasing a diversified business advantage Group 1: Business Performance - In Q3 2025, Kexin Development reported revenue of 262 million yuan, ranking 19th in the industry out of 23 companies, with the industry leader Jianghe Group generating 14.55 billion yuan [2] - The main business composition includes construction engineering at 118 million yuan (91.60%), leasing at 6.28 million yuan (4.87%), and internet advertising at 4.55 million yuan (3.53%) [2] - The net profit for the same period was 31.44 million yuan, ranking 7th in the industry, with Jianghe Group leading at 510 million yuan [2] Group 2: Financial Ratios - Kexin Development's debt-to-asset ratio was 39.11% in Q3 2025, an increase from 36.70% year-on-year, significantly lower than the industry average of 76.84% [3] - The gross profit margin for Q3 2025 was 13.47%, down from 17.83% year-on-year, but still above the industry average of 13.06% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.19% to 9,277, while the average number of circulating A-shares held per account increased by 13.88% to 28,300 [5] Group 4: Executive Compensation - The chairman, Lian Zongsheng, received a salary of 24,600 yuan in 2024, while the general manager, Lian Yuanrui, earned 587,000 yuan, a decrease of 167,200 yuan from 2023 [4]

Core Viewpoint - Kexin Development (600234.SH) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The total operating revenue for the first three quarters reached 262 million yuan, representing a year-on-year growth of 66.92% [1] - The net profit attributable to shareholders was 31.09 million yuan, showing a remarkable year-on-year increase of 170.94% [1] - The basic earnings per share stood at 0.1184 yuan [1]

本公司董事会全体成员保证公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带责任。 重要内容提示 拟聘任的会计师事务所名称：北京德皓国际会计师事务所（特 殊普通合伙）（以下简称"德皓所"） 山西科新发展股份有限公司（以下简称"公司"）拟续聘北京德 皓国际会计师事务所（特殊普通合伙）为公司 2025 年度财务报告审 计和内部控制审计机构。 一、拟续聘会计师事务所的基本情况 （一）机构信息 1.基本信息 名称：北京德皓国际会计师事务所（特殊普通合伙） 证券代码：600234 证券简称：科新发展 编号：临 2025--034 山西科新发展股份有限公司 关于续聘会计师事务所的公告 成立日期：2008 年 12 月 8 日 组织形式：特殊普通合伙 注册地址：北京市西城区阜成门外大街 31 号 5 层 519A 首席合伙人：杨雄 1 证券代码：600234 证券简称：科新发展 编号：临 2025--034 截至 2024 年末，德皓所合伙人 66 人，注册会计师 300 人，签署 过证券服务业务审计报告的注册会计师人数 140 人。 2024 年度经审计的收入总额为 4 ...

证券代码：600234 证券简称：科新发展 编号：临 2025—036 山西科新发展股份有限公司 关于2025年第三季度建筑工程业务 主要经营数据的公告 本公司董事会全体成员保证公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带责任。 以上经营数据系公司内部统计，仅供投资者了解公司生产经营情 况，敬请投资者审慎使用，注意投资风险。 证券代码：600234 证券简称：科新发展 编号：临 2025—036 特此公告。 根据上海证券交易所《上市公司行业信息披露指引第八号——建 筑（2022 年修订）》的要求，现将山西科新发展股份有限公司（以下 简称"公司"）主要业务板块中的建筑工程业务 2025 年第三季度主要 经营数据公告如下： | 业务类型 | | 2025 年第三季度 | | 本年累计签 | 本年累计签 | | --- | --- | --- | --- | --- | --- | | | 新签项目 | 新签项目合同额 | 新签项目合同 额同比增减 | 订项目数量 | 订项目合同 | | | 数量（个） | （万元） | （%） | （个） | 额（万元） ...

山西科新发展股份有限公司 证券代码：600234 证券简称：科新发展 公告编号：2025-035 关于召开2025年第一次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第一次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 18 日 14 点 30 分 召开地点：深圳市南山区深圳湾科技生态园 12 栋 A 座 15 层公司会议室 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年11月18日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 18 日 至2025 年 11 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日 ...

证券代码：600234 证券简称：科新发展 编号：临 2025—033 山西科新发展股份有限公司 第十届董事会第七次会议决议公告 本公司董事会全体成员保证公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带责任。 山西科新发展股份有限公司（以下简称"公司"）第十届董事会 第七次会议通知已于2025年10月20日通过专人送达、电子邮件等方式 发出，并确认已收到，会议于2025年10月30日以通讯方式召开。会议 应到董事7人，实到董事7人，会议的召集、召开程序符合《公司法》 和《公司章程》的有关规定，所做决议合法有效。本次会议由董事长 连宗盛先生主持，经与会董事认真审议，表决通过如下决议： 一、审议通过公司《2025 年第三季度报告》 表决结果：7票同意，0票反对，0票弃权。 本议案已经审计委员会审议通过后提交董事会审议。 具体内容详见公司同日在上海证券交易所网站披露的《2025 年 第三季度报告》。 二、审议通过公司《关于续聘会计师事务所的议案》 证券代码：600234 证券简称：科新发展 编号：临 2025—033 万元，内部控制审计费用30万元）。2025 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 133,465,624.97, representing a year-on-year increase of 5.55%[4] - The total profit for the quarter was CNY 9,454,195.68, showing a significant decrease of 51.01% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 8,195,589.23, down 55.75% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 5,172,167.09, a decrease of 46.10% compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.0312, reflecting a decline of 55.78% year-on-year[5] - The total profit for the current reporting period was negative RMB 51.01 million, with net profit attributable to shareholders also negative at RMB 55.75 million[10] - The total profit for the year-to-date was RMB 176.42 million, driven by the recovery of bad debt provisions and significant growth in construction business revenue[10] - Net profit for the first three quarters of 2025 was ¥31,435,679.29, up from ¥12,172,664.40 in 2024, reflecting a growth of approximately 158%[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 853,306,681.67, a decrease of 2.02% from the end of the previous year[5] - The company's total assets decreased from ¥870,920,562.88 in the previous year to ¥853,306,681.67, a decline of about 2%[19] - Total liabilities decreased from ¥382,792,395.18 to ¥333,742,834.68, representing a reduction of approximately 13%[19] - The company's cash and cash equivalents decreased from ¥61,110,222.74 to ¥38,176,812.98, a decline of about 38%[17] - Accounts receivable decreased from ¥232,954,069.69 to ¥221,803,588.21, a reduction of approximately 5%[17] - The company's inventory decreased from ¥168,550.79 to ¥130,701.58, a decline of about 22%[17] - The total equity attributable to shareholders increased from ¥468,915,809.98 to ¥500,008,606.20, reflecting a growth of approximately 7%[19] Cash Flow - The company reported a net cash flow from operating activities of CNY -17,965,112.79 for the year-to-date[4] - The net cash flow from operating activities was negative, reflecting a decrease compared to the same period last year due to increased business volume[10] - Cash inflow from operating activities totaled CNY 447,715,703.35, down from CNY 684,146,927.38 in the same period last year, reflecting a decrease of approximately 34.6%[26] - Net cash outflow from operating activities was CNY -17,965,112.79, compared to CNY -10,810,543.78 in the previous year[27] - Cash flow from investing activities resulted in a net outflow of CNY -367,976.35, compared to CNY -1,757,401.90 in the same period last year[28] - Cash flow from financing activities generated a net inflow of CNY 6,861,947.37, contrasting with a net outflow of CNY -673,032.57 in the previous year[28] - The ending cash and cash equivalents balance was CNY 45,791,230.27, down from CNY 57,723,911.21 year-over-year[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,277[13] - The top ten shareholders held a total of 46,949,044 shares, representing 17.88% of the total shares[13] Government Support and Other Income - The company received government subsidies amounting to CNY 241,246.42 during the quarter[7] - Other income for the current period amounted to RMB 1,780.40 million, mainly from office rent subsidies and corporate incentives[10] Research and Development - Research and development expenses for the current period were zero, resulting in a significant decrease compared to the previous year[10] Financial Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[29]