证券代码：603822 股票简称：嘉澳环保 编号：2025-039 浙江嘉澳环保科技股份有限公司 关于持股 5%以上股东权益变动至 5%以下的提示性 公告 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个别及连带责任。 本次权益变动不会使公司控股股东及实际控制人发生变化。 公司于 2025 年 6 月 26 日收到股东中祥化纤出具的《简式权益变动报告书》， 中祥化纤于 2025 年 4 月 30 日-2025 年 6 月 26 日通过集中竞价方式减持公司股 份数 730,000 股（占所持有公司股份的 0.9502%）。本次权益变动后，中祥化 纤持有公司无限售流通股份数量由 4,571,200 减少至 3,841,200 股，持股比例由 5.95%减少至 4.99988%，不再是公司持股 5%以上股东。 现将有关权益变动情况公告如下： 一、本次权益变动基本情况 （一）信息披露义务人基本情况 信息披露义务人名称：桐乡中祥化纤有限公司 注册地址：桐乡市洲泉工业区 成立日期：2007 年 01 月 12 日 社会信用代码：9133048379 ...

上市公司名称: 浙江嘉澳环保科技股份有限公司 上市地点：上海证券交易所 股票简称：嘉澳环保 股票代码：603822 信息披露义务人：桐乡中祥化纤有限公司 住所及通讯地址：桐乡市洲泉工业区 股份变动性质：减少 签署日期：二〇二五年六月二十六日 信息披露义务人声明 浙江嘉澳环保科技股份有限公司 简式权益变动报告书 一、信息披露义务人依据《中华人民共和国公司法》（简称"公司法"）、《中 华人民共和国证券法》（简称"证券法"）、《上市公司收购管理办法》（简称 "收购办法"）、《公开发行证券公司信息披露内容与格式准则第15号——权益 变动报告书》（简称"15号准则"）及相关的法律、法规编制本权益变动报告书。 二、信息披露义务人签署本报告已获得必要的授权和批准，其履行亦不违反信息 披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》、《收购办法》规定，本报告书已全面披露信息披露义务人 在嘉澳环保中拥有权益的股份变动情况。截至本报告书签署之日，除本报告书披 露的信息外，信息披露义务人没有通过任何其他方式增加或减少其在嘉澳环保中 拥有权益的股份。 四、本次权益变动是根据本报告所载明的资料进行的。信息披露义 ...

Core Viewpoint - The article emphasizes the importance of energy conservation and carbon reduction initiatives in Jiangsu Province, highlighting the launch of the 2025 Jiangsu Energy Conservation Promotion Week and Low Carbon Day, which aims to promote the replacement of old equipment and consumer goods with high-end, intelligent, and green alternatives to enhance industrial transformation and improve residents' quality of life [1]. Group 1: Energy Conservation and Economic Impact - Jiangsu Province achieved a cumulative reduction of 13.4% in energy intensity during the first four years of the 14th Five-Year Plan, exceeding national targets, with renewable energy capacity surpassing 100 million kilowatts [1]. - The province's industrial fixed asset investment grew by 11%, driven by equipment updates, with over 440 billion yuan invested in tools and equipment [1]. - The province's GDP growth rate reached 5.8%, with the "Two New" initiatives contributing approximately 0.3 percentage points to this growth [1]. Group 2: Environmental Benefits and Consumer Impact - The replacement of old equipment in various industries is projected to save significant energy, with one chemical company expecting to save 26,000 tons of standard coal annually through equipment upgrades [2]. - The promotion of energy-efficient household appliances, such as 680,000 one-level energy-efficient refrigerators, is expected to reduce carbon emissions by approximately 250,000 tons in 2024 [2]. - The "Two New" policies are anticipated to result in energy savings of about 2.8 million tons of standard coal and a reduction of approximately 7.3 million tons of carbon dioxide emissions in 2024 [2]. Group 3: Future Initiatives and Standards - Jiangsu plans to continue promoting the "Two New" initiatives from 2025 to 2028 to support the achievement of carbon neutrality goals [3]. - The province aims to establish 30 provincial-level zero-carbon demonstration parks by 2027, with a newly released standard comprising 29 indicators to guide the construction of these parks [4]. - The green and low-carbon industry in Jiangsu is expanding, with renewable energy generation accounting for 25% of total electricity production, and the province leading the nation in energy-saving and environmental protection industry output [3][4].

Core Viewpoint - Jiaao Environmental Protection has faced regulatory scrutiny for information disclosure violations, marking its third investigation since 2020, amid rising concerns over its governance and operational sustainability due to continuous losses and a high debt ratio [1] Group 1: Regulatory Issues - The latest investigation centers on the failure to properly convert construction in progress into fixed assets for a subsidiary project, leading to inaccurate financial disclosures for 2022 and 2023 [2] - The company has a history of financial misconduct, including a 2020 case where it inflated revenue by 179 million (14.24% of 2019 revenue) through improper accounting practices, resulting in fines and penalties for executives [3] - Despite claims of rectifying accounting errors, ongoing regulatory actions indicate deeper governance issues, exacerbated by the departure of key executives since 2021 [4] Group 2: Financial Performance - Jiaao Environmental Protection has experienced a dramatic decline in revenue, dropping from 3.211 billion to 1.274 billion from 2022 to 2024, with cumulative losses exceeding 407 million [5] - The company's debt crisis is imminent, with a debt ratio of 80.45% and short-term loans of 1.405 billion against only 230 million in cash, indicating severe liquidity issues [6] - Efforts to recover financially are uncertain, as the company relies on new projects and market expansion, yet has seen a 54.65% decline in operating cash flow due to procurement issues [7]

中关村物联网产业联盟副秘书长袁帅向《证券日报》记者表示："从内部管理来看，嘉澳环保或存在内 部控制缺陷。财务工作人员出现失误，且将问题归结于格式不全、数字抄写错误或抄写串行，反映出公 司内部财务审核流程可能存在漏洞，缺乏有效的监督和复核机制。" 此外，袁帅表示："作为财务信息的审计机构，会计师事务所要严格履行审计职责，提高审计质量，加 强对企业财务信息的审查和监督，及时发现和纠正企业的财务造假行为，维护资本市场的公平、公正和 透明。" （文章来源：证券日报） "若在建工程应转固而未转固，其后续应计提的折旧费用未在当期体现，使得当期成本费用减少，利润 相应虚增。此外，在折旧方面，由于未转固，相关资产无法按照固定资产的折旧政策进行折旧计提，影 响了公司资产的正常使用年限核算和成本分摊的准确性。"上海市海华永泰律师事务所高级合伙人孙宇 昊律师在接受《证券日报》记者采访时表示。 这并非嘉澳环保首次被立案。往前回溯，2020年12月份，嘉澳环保公告称，公司涉嫌信息披露违法违规 被证监会立案调查。2021年5月份，浙江证监局对嘉澳环保罚款100万元，并对公司董事长沈健、财务总 监查正蓉等高管处以警告及罚款。据浙江证监局查 ...

2025.06. 24 本文字数：1836，阅读时长大约4分钟 作者 | 第一财 经 周楠 频繁为财报"打补丁"、虚增营收等吃罚单的嘉澳环保，又因信披违规遭立案。 根据嘉澳环保最新披露，因涉嫌信息披露违法违规，该公司被证监会立案调查。第一财经6月24日以 投资者身份致电该公司证券事务部门，对方相关人士称："（公司被立案）主要是子公司存在会计差 错，之前做过相关更正，是针对这个事情。" 公告显示，去年8月，浙江证监局对嘉澳环保和2名责任人出具警示函，原因是子公司在建工程未按 规定转为固定资产，导致相关年报披露不准确。 这已是该公司近五年内第二次被立案。2020年年底，该公司就因信披违规被立案，后被查明多份财 报存在虚假记载。其中，2019年年报虚增营收1.79亿元、虚减净利润超百万元。最终，该公司及3名 高管被合计罚款300万元。而2016年上市至今，嘉澳环保多次出现会计差错，并频繁更正财报。 最近几年来，嘉澳环保业绩持续亏损。2022年至2024年，扣非净利润累计亏损超4亿元，资产负债率 也逐年走高，截至今年一季度末，资产负债率超过80%。 最终，该公司被监管罚款100万元，时任董事长沈健、时任财务总监查正蓉 ...

Core Viewpoint - Jiaao Environmental has been investigated by the China Securities Regulatory Commission (CSRC) for information disclosure violations, marking the second time in five years the company has faced such scrutiny [2][5]. Financial Reporting Issues - The company has a history of frequent financial report corrections, with the latest investigation stemming from accounting errors related to its subsidiaries, which led to inaccurate disclosures in annual reports for 2022 and 2023 [3][4]. - In April 2023, Jiaao Environmental adjusted its financial statements, reducing construction in progress by 1.52 billion yuan and 1.53 billion yuan for 2022 and 2023, respectively, while increasing fixed assets by 1.33 billion yuan and 1.2 billion yuan [3]. Previous Violations - In its previous investigation, Jiaao Environmental was found to have inflated revenue and understated net profit across multiple financial reports from 2019 to 2020, resulting in fines totaling 300 million yuan for the company and its executives [4][6]. Financial Performance - The company has reported continuous losses over the past three years, with a cumulative loss exceeding 400 million yuan from 2022 to 2024 [6][7]. - As of the first quarter of 2023, Jiaao Environmental's revenue was 4.67 billion yuan, a year-on-year decrease of 6.59%, with net losses of 470.39 million yuan [6]. Debt Situation - Jiaao Environmental's total liabilities have been increasing, with figures of 1.898 billion yuan, 2.155 billion yuan, and 4.684 billion yuan for the years 2022 to 2024, leading to an asset-liability ratio exceeding 80% as of March 2023 [7]. Stock Market Activity - Despite the company's financial struggles, its stock price has seen significant increases, rising from 18 yuan to over 60 yuan since mid-2022, with a peak of 65.54 yuan in March 2023 [7]. - Some shareholders have announced plans to reduce their holdings, with one major shareholder intending to sell up to 750,000 shares, representing 1% of the total share capital [8].

Core Viewpoint - Jiaao Environmental Protection has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, marking the second investigation in five years [1][9]. Company Overview - Jiaao Environmental Protection, established in 2003 and listed on the Shanghai Stock Exchange in 2016, focuses on the research, production, and sales of bio-based plasticizers and biomass energy [3]. - The company has been recognized as one of the top ten enterprises in the plasticizer industry in China and has a biodiesel production capacity of 300,000 tons annually through its subsidiaries [3]. History of Violations - In March 2020, Jiaao Environmental Protection corrected multiple financial reports from 2017 to 2019 due to inconsistencies caused by staff errors [5]. - In December 2020, the CSRC initiated an investigation for information disclosure violations, revealing that the company had inflated its 2019 revenue by approximately 179 million yuan, which accounted for 14.24% of the reported revenue [7]. - The company faced administrative penalties in May 2021, including a fine of 1 million yuan for the company and its executives [7][8]. Recent Developments - The latest investigation by the CSRC is related to inaccuracies in annual report disclosures, with the Zhejiang Securities Regulatory Bureau previously issuing a warning regarding unreported construction projects [9]. - The company has made retrospective adjustments to its financial statements, resulting in increased losses for 2022 and 2023 [10][11]. Financial Performance - Jiaao Environmental Protection reported revenues of 3.211 billion yuan, 2.666 billion yuan, and 1.274 billion yuan for 2022, 2023, and 2024 respectively, with net losses of 46.89 million yuan, 7.54 million yuan, and 367 million yuan [11]. - The decline in revenue is attributed to the EU's anti-dumping policies affecting biodiesel exports, leading to a 76.64% decrease in biomass energy revenue [12]. Debt Situation - As of the first quarter of 2025, the company's debt ratio reached 80.45%, with cash reserves of only 230 million yuan and short-term borrowings of 1.405 billion yuan [13]. - The company has struggled with liquidity issues since its IPO in 2016, having attempted five capital increase plans, with the latest plan aiming to raise up to 367 million yuan for debt repayment and working capital [14][15]. Shareholding and Control - The actual controller, Shen Jian, holds a 37.38% stake in the company, which is expected to increase to 51.23% following the completion of the latest capital increase [15]. - Shen Jian has pledged shares to secure personal investments and support the company's operations, with ongoing efforts to reduce the pledge ratio through asset disposals and bank loans [15].

Core Viewpoint - Zhejiang Jiaao Environmental Protection Technology Co., Ltd. (Jiaao Environmental, 603822.SH) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact its operational stability and investor confidence [1][3]. Group 1: Regulatory Issues - Jiaao Environmental has previously faced regulatory penalties, including a warning and a fine of 1 million yuan from the Zhejiang Securities Regulatory Bureau for false disclosures related to its financial reports from 2019 to 2020 [6]. - The company failed to consolidate certain subsidiaries and did not properly offset transactions, leading to inflated revenue and costs in multiple financial reports [4][5]. Group 2: Financial Performance - The company's financial performance has been under pressure, with revenues declining from 12.30 billion yuan in 2020 to an estimated 12.74 billion yuan in 2024, reflecting a year-on-year decrease of 16.98% in 2023 and 52.23% in 2024 [9]. - Net profits have shown a continuous loss over three years, with figures of 0.40 billion yuan, 1.03 billion yuan, -0.46 billion yuan, -0.05 billion yuan, and -3.73 billion yuan from 2020 to 2024 [9]. Group 3: Debt and Market Position - The company's debt-to-asset ratio has been increasing, reaching 61.35% in 2022 and projected to be 80.45% in 2024 [10]. - Despite the financial struggles, the company's stock price has remained above 40 yuan since 2025, with a closing price of 50.54 yuan as of June 24, 2023, indicating no immediate risk of delisting based on market value [10]. Group 4: Delisting Risks - Recent changes in the delisting rules by the Shanghai and Shenzhen Stock Exchanges have broadened the scope for mandatory delisting due to serious violations, which could pose a significant risk for Jiaao Environmental if further violations are confirmed [11].

Core Viewpoint - 嘉澳环保 is under investigation by the China Securities Regulatory Commission (CSRC) for information disclosure violations, with previous instances of similar issues leading to significant financial discrepancies in past reports [1][2]. Group 1: Regulatory Issues - 嘉澳环保 received a notice of investigation from the CSRC for suspected violations of information disclosure regulations [1]. - The company has a history of information disclosure violations, including inflated revenue and understated net profits in multiple annual and quarterly reports from 2019 to 2020 [1][2]. - In 2021, the Zhejiang Securities Regulatory Bureau fined 嘉澳环保 1 million yuan and issued warnings to senior executives [2]. Group 2: Financial Performance - 嘉澳环保 has reported increasing losses, with net profits of -32.44 million yuan in 2022, -7.54 million yuan in 2023, and projected losses of -367 million yuan in 2024, marking a year-on-year decline of 476.64% [2]. - The company's first-quarter net profit for 2024 was -47.04 million yuan, a 44.09% decrease year-on-year [2]. - The asset-liability ratio has risen from 63.70% in 2022 to 78.64% in 2024, and further to 80.45% in the first quarter of 2025, indicating increasing financial pressure [2]. Group 3: Business Operations and Strategy - 嘉澳环保's subsidiaries, 东江能源 and 嘉澳新能源, have a combined biodiesel production capacity of 300,000 tons per year [2]. - The company plans to accelerate the production of its Lianyungang project in 2025 to enhance biodiesel revenue and optimize the utilization rate of its eco-friendly plasticizer production capacity [2]. - 嘉澳环保 aims to expand its market share in Southeast Asia and Japan/Korea while controlling costs and improving supply chain management efficiency [2].