[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company anticipates a net loss attributable to shareholders of -38 million to -57 million RMB for the first half of 2025, with non-recurring items excluded net loss ranging from -36 million to -55 million RMB, based on preliminary unaudited estimates Performance Forecast Details | Metric | Estimated Amount (RMB) | | :--- | :--- | | **Performance Forecast Period** | January 1, 2025, to June 30, 2025 | | **Net Profit Attributable to Shareholders** | -38 million to -57 million | | **Net Profit Attributable to Shareholders (Excluding Non-Recurring Items)** | -36 million to -55 million | - This performance forecast is a preliminary estimate based on the company's operational status and has not been audited by a certified public accountant[4](index=4&type=chunk) [Prior Period Performance](index=1&type=section&id=Item%202.%20Prior%20Period%20Performance) The company reported a net loss attributable to shareholders of -134 million RMB in the first half of 2024, indicating a significant reduction in the projected loss for the first half of 2025 compared to the prior year 2024 Semi-Annual Performance | Metric | 2024 Semi-Annual Data | | :--- | :--- | | **Net Profit Attributable to Shareholders** | -134 million RMB | | **Net Profit Attributable to Shareholders (Excluding Non-Recurring Items)** | -141 million RMB | | **Earnings Per Share** | -0.27 RMB | - Compared to the **net loss attributable to shareholders of -134 million RMB** in the first half of 2024, the projected loss for the first half of 2025 (ranging from **-38 million to -57 million RMB**) shows a notable narrowing[3](index=3&type=chunk)[5](index=5&type=chunk) [Primary Reasons for Current Period Pre-Loss](index=2&type=section&id=Item%203.%20Primary%20Reasons%20for%20Current%20Period%20Pre-Loss) The pre-loss is primarily attributed to a sluggish macroeconomic environment, reduced demand in downstream new energy and traditional energy markets, leading to decreased client investments, extended project cycles, and intensified industry competition compressing order gross margins - A sluggish macroeconomic environment, coupled with technological obsolescence and overcapacity in downstream new energy and traditional energy markets, has led clients to reduce or cancel capacity expansion plans, thereby decreasing equipment investment demand[8](index=8&type=chunk) - Extended acceptance cycles for some projects have resulted in increased associated costs and expenses[8](index=8&type=chunk) - Intense market competition in the domestic lithium equipment and petrochemical industries has led to a decline in the gross margin of newly secured orders[8](index=8&type=chunk) [Risk Warning and Explanation](index=2&type=section&id=Item%204.%20Risk%20Warning) The company confirms no significant uncertainties currently exist that could impact the accuracy of this performance forecast, advising investors that final financial data will be based on the officially disclosed semi-annual report - The company states that there are currently no significant uncertainties affecting the accuracy of this performance forecast[9](index=9&type=chunk) - The forecast data is a preliminary calculation, and the final accurate data will be subject to the company's officially disclosed 2025 semi-annual report, cautioning investors about investment risks[10](index=10&type=chunk)

Group 1 - The company ST Baili announced the cancellation of other risk warnings and the stock name change to "Baili Technology" effective July 15, 2025 [2] - Following the removal of risk warnings, the daily price fluctuation limit for the company's stock will increase from 5% to 10% [2] - As of July 11, 2025, ST Baili's stock price was reported at 5.98 yuan per share, with a total market capitalization of 2.9 billion yuan [8] Group 2 - The company has completed the rectification of internal control deficiencies and has cleared non-operating fund occupation [4] - The internal control audit for 2024 received a standard unqualified opinion from Tianzhi International Accounting Firm, indicating improvements in internal controls [4] - The actual controller of ST Baili, Wang Hairong, has fully repaid the non-operating funds amounting to 192 million yuan and accrued interest of 9.5985 million yuan by December 31, 2024 [4] Group 3 - ST Baili faced regulatory penalties due to internal control issues, including failure to disclose non-operating fund occupation and significant omissions in financial reports [6] - The company was fined 4 million yuan, and its chairman Wang Hairong received a 600,000 yuan fine along with a three-year market ban [6] - For the fiscal year 2024, ST Baili reported a net profit attributable to shareholders of -401 million yuan, marking two consecutive years of losses [6][7] Group 4 - The company specializes in providing comprehensive solutions for smart factory construction in the energy and materials sectors, primarily serving the oil and gas, petrochemical, modern coal chemical, and new energy materials industries [7]

Core Viewpoint - ST Baili has announced the removal of other risk warnings and the change of its stock name to "Baili Technology," effective July 15, 2025, which will allow for a higher daily price fluctuation limit of 10% instead of 5% [2][3]. Company Updates - The company will suspend trading on July 14, 2025, and resume trading on July 15, 2025 [3]. - ST Baili has completed the rectification of internal control deficiencies and has cleared non-operating fund occupation [5]. - The company’s actual controller, Wang Hairong, has repaid all non-operating funds amounting to 192 million yuan and accrued interest of 9.5985 million yuan by December 31, 2024 [5]. Financial Performance - For the fiscal year 2024, ST Baili reported a net profit attributable to shareholders of -401 million yuan, marking two consecutive years of losses [8]. - The company’s total revenue for the first quarter of 2025 was 31.8 million yuan, showing a year-on-year increase of 17.92% [9]. - The total operating costs for the same period were 32.2 million yuan, resulting in an operating profit of -3.8 million yuan [9]. Regulatory Issues - ST Baili faced regulatory penalties due to internal control issues, including failure to disclose non-operating fund occupation and significant omissions in financial reports [7]. - The company was fined 4 million yuan, and its chairman received a 3-year market ban along with fines for other executives [7]. Market Position - As of July 11, 2025, ST Baili's stock price was 5.98 yuan per share, with a total market capitalization of 2.9 billion yuan [10].

证券代码：603959 证券简称：ST 百利 公告编号：2025-058 湖南百利工程科技股份有限公司 关于撤销其他风险警示暨停牌的公告 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法律责任。 重要内容提示： 证券停复牌情况：适用 因公司股票撤销其他风险警示,公司的相关证券停复牌情况如下： 大华会计师事务所（特殊普通合伙）作为湖南百利工程科技股份有限公司（以 下简称"公司"）2023 年度内部控制及财务报表审计机构，对公司 2023 年度内部 控制出具了否定意见的《内部控制审计报告》（大华内字[2024]0011000190 号）， 停牌日期为2025 年 7 月 14 日。 撤销起始日为2025 年 7 月 15 日。 撤销后 A 股简称为百利科技。 （二）股票代码仍为"603959"； （三）撤销其他风险警示的起始日：2025 年 7 月 15 日。 公司股票于 2024 年 5 月 6 日起被实施其他风险警示。 由于公司实际控制人非经营性资金占用余额达到公司最近一期经审计净资产 绝对值 5%以上，且金额超过 1000 万元，实际 ...

Group 1 - The company ST Baili (603959) will suspend its stock trading for one day on July 14, 2025, and will resume trading on July 15, 2025, with the removal of other risk warnings [1] - After the removal of risk warnings, the company's stock will be transferred out of the risk warning board, and the daily price fluctuation limit will change from 5% to 10% [1] - The company's net profit attributable to shareholders for the fiscal year 2024 is projected to be -401 million yuan, marking a continuous loss for two consecutive years [1]

Group 1 - The core issue is that the controlling shareholder, Xizang Xinhai New Venture Investment Co., Ltd., has been applied for bankruptcy liquidation by a creditor due to inability to repay debts and lack of repayment capacity [1] - The court ruled on July 1, 2025, that the creditor's application for bankruptcy liquidation was not accepted due to insufficient evidence proving the shareholder's inability to repay debts or lack of assets to cover all debts [1] - The court found that the shareholder was in a normal operating state and did not meet the conditions for bankruptcy liquidation as per legal standards [1] Group 2 - The company disclosed the bankruptcy application situation on June 23, 2025, and provided updates on the progress of the case [1] - The company emphasizes the importance of accurate and complete information disclosure to investors [2]

关于控股股东被申请破产清算的进展公告 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。 一、控股股东被申请破产清算的基本情况 湖南百利工程科技股份有限公司（以下简称"公司"）于 2025 年 6 月 23 日披 露了《关于控股股东被申请破产清算的提示公告》（公告编号：2025-049）。控股 股东西藏新海新创业投资有限公司（以下简称"新海新"）被申请人邢台天鹭房地 产开发有限公司经济开发区分公司以新海新不能清偿到期债务且明显缺乏清偿能 力为由，向西藏自治区拉萨市堆龙德庆区人民法院（以下简称"堆龙德庆法院"） 申请对新海新进行破产清算。 二、控股股东被申请破产清算的进展情况 证券代码：603959 证券简称：ST 百利 公告编号：2024-057 湖南百利工程科技股份有限公司 公司于 2025 年 7 月 1 日收到堆龙德庆法院出具的《民事裁定书》。法院认为： 本案中，申请人提交的材料仅能证实其为合法的债权人及被申请人存在其他诉讼的 事实，结合案外人提交的异议情况，以及被申请人注册信息未显示经营异常，处于 正常经营状态的事实 ...

Group 1 - The company reported a significant decline in revenue, achieving 1.217 billion yuan in 2024, a year-on-year decrease of 41.19% [1][5] - The company's accounts receivable and contract assets amounted to 1.184 billion yuan, representing 42% of total assets, an increase of 6.58 percentage points [1] - Several major projects are experiencing delays, impacting revenue recognition and future business operations [5][6] Group 2 - The company has fully provided for bad debts amounting to 543 million yuan related to six companies, indicating concerns over collectability [2][7] - The company is in the process of disclosing detailed information about ongoing projects, including contract amounts, progress, and expected completion dates [3][4] - The company has been asked to provide additional disclosures regarding accounts receivable and contract assets, including aging and credit risk assessments [6][12] Group 3 - The company sold 22% of its stake in Changzhou Baihan Technology Co., Ltd. for 14.4312 million yuan, retaining a 29% stake post-transaction [17][19] - The decision to sell was influenced by the financial difficulties faced by Changzhou Baihan, aiming to facilitate its financing [21] - The company has been asked to disclose financial data and business scope of its major subsidiaries [17][18] Group 4 - The company reported a balance of 20.4 million yuan in other receivables related to performance guarantees, with a provision for bad debts of 10.12 million yuan [23][24] - The long-term equity investment in Shanxi Lubao has a book value of 219 million yuan, with a provision for impairment of 80.53 million yuan [23][25] - The company has been requested to provide details on the reasons for significant impairment provisions and the flow of investment funds [23][24]

Core Viewpoint - The company received a shareholder inquiry letter from the China Securities Investor Service Center regarding the formation of bad debts and the measures taken to recover them, particularly focusing on three major clients: Shanxi Lubao Xinghai New Materials Co., Ltd., Shandong Tengzhou Ruida Chemical Co., Ltd., and Liaoning Yuantai Petrochemical Co., Ltd. [1][2][3] Group 1: Bad Debt Formation and Recovery Measures - The company has recognized significant bad debts totaling approximately 537 million yuan from three clients, with specific provisions made for each client: Shanxi Lubao (166 million yuan), Shandong Tengzhou Ruida (173.59 million yuan), and Liaoning Yuantai (197.62 million yuan) [2][3][4] - The company has taken various measures to recover these debts, including legal actions and negotiations with the debtors, but has faced challenges due to the financial instability of these clients [20][21][22] - The company has reported that as of the end of 2023, it is still pursuing recovery of outstanding amounts, including 99.03 million yuan in performance compensation from Chongqing Xinghai, which has not been paid as per the agreement [19][20] Group 2: Client-Specific Issues - Shanxi Lubao's financial difficulties began in 2019, leading to a 90% provision for bad debts due to its inability to repay commercial acceptance bills [6][7][8] - Shandong Tengzhou Ruida has shown no repayment capability, with the company initiating legal proceedings to recover the owed amount, which has been complicated by ongoing disputes over the settlement amount [20][21] - Liaoning Yuantai has declared bankruptcy and is undergoing restructuring, complicating the recovery of the 197.62 million yuan owed to the company [14][22]

Core Viewpoint - The company, Hunan Baile Engineering Technology Co., Ltd., reported a significant decline in revenue for the year 2024, with total revenue of 1.217 billion yuan, a year-on-year decrease of 41.19% due to project implementation delays [1][2]. Group 1: Business Performance - The company has experienced a slowdown in project implementation, leading to a substantial drop in revenue [1]. - As of December 31, 2024, accounts receivable and contract assets amounted to 1.184 billion yuan, representing 42% of total assets, an increase of 6.58 percentage points [1]. - Major projects include: - BASF Shanshan Battery Materials Co., Ltd. project, with a contract value of 126 million yuan, completed construction but still undergoing adjustments [1]. - Anhui Haichuang New Energy Materials Co., Ltd. project, with a contract value of 61 million yuan, also completed but not yet finalized [1]. Group 2: Project Details - The company provided a list of ongoing projects, including: - Sichuan Haichuang Shangwei New Energy Technology Co., Ltd. project, expected completion by the end of 2025, with a contract value of 414.157 million yuan [2]. - Guizhou Phosphate Kai Rui Technology Co., Ltd. project, with a contract value of 447.9357 million yuan, currently in the early stages [3]. - The company has identified potential impairment risks associated with accounts receivable and contract assets due to project delays [2][3]. Group 3: Bad Debt Provisions - The company has fully provisioned for bad debts amounting to 543 million yuan related to six companies, indicating a cautious approach to credit risk management [1][4]. - Specific details on bad debt provisions include: - Shandong Tengzhou Ruida Chemical Co., Ltd. project, with a total contract value of 269.7 million yuan, facing significant repayment uncertainties [4]. - The company has initiated legal proceedings to recover debts from clients with poor credit ratings [4].