2021年至2024年，*ST太和实现营业收入分别为4.60亿元、2.05亿元、1.83亿元和1.03亿元，实现归属于 上市公司股东的净利润分别为9240.83万元、-1.60亿元、-2.87亿元和-3.34亿元，实现归属于上市公司股 东的扣除非经常性损益的净利润分别为9101.09万元、-1.61亿元、-2.86亿元和-3.41亿元。 太和水于2025年4月26日发布公告称，因公司2024年度经审计的扣除非经常性损益前后的净利润均为负 值，且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于3亿元，公司股票将 被实施退市风险警示，实施起始日为2025年4月29日，实施后A股简称为*ST太和。 中国经济网北京7月30日讯*ST太和（605081）(605081.SH)近日披露2025年半年度业绩预亏公告。 经财务部门初步测算，*ST太和预计2025年半年度实现归属于母公司所有者的净利润-3850万元到-5670 万元，上年同期为-1,996万元；预计2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净 利润-3410万元到-5100万元。本次业绩预告所涉及的财务数据未经注册会计师审计 ...

Group 1 - The stock price of *ST Taihe (605081) closed at 13.0 yuan on July 16, 2025, with an increase of 4.25% and a turnover rate of 3.08% [1] - The company reported a total revenue of 30.26 million yuan for Q1 2025, a year-on-year decrease of 22.29%, and a net profit attributable to shareholders of 5.81 million yuan, down 209.76% year-on-year [1] - The company has a current ratio of 2.542, a quick ratio of 2.219, and a debt-to-asset ratio of 30.92% [1] Group 2 - Shanghai Taihe Water Technology Development Co., Ltd. was established in 2010 and is primarily engaged in water management [2] - The company has made investments in 29 enterprises and participated in 518 bidding projects [2] - The company holds 23 trademark registrations and 114 patents, along with 15 administrative licenses [2]

上海市通力律师事务所 关于上海太和水科技发展股份有限公司 2025 年第三次临时股东会的法律意见书 致: 上海太和水科技发展股份有限公司 上海市通力律师事务所(以下简称"本所")接受上海太和水科技发展股份有限公司(以 下简称"公司")的委托, 指派本所梁茜颖律师、周奇律师(以下简称"本所律师")根据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会规则》等法律法规和规 范性文件(以下统称"法律法规")及《上海太和水科技发展股份有限公司章程》(以下简称 "公司章程")的规定就公司 2025 年第三次临时股东会(以下简称"本次股东会")相关事 宜出具法律意见。 本所律师已经对公司提供的与本次股东会有关的法律文件及其他文件、资料予以了核 查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有签 署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有效 的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东会召集和召开的程序、出席本次股东会人员资格 和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的 ...

证券代码：605081 证券简称：*ST 太和 公告编号：2025-056 上海太和水科技发展股份有限公司 2025年第三次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 7 月 15 日 (二)股东会召开的地点：上海市青浦区蟠龙路 899 弄兰韵文化中心公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 1、 议案名称：关于首次公开发行股票部分募投项目终止并将剩余募集资金永久 补充流动资金及注销专户的议案 审议结果：通过 | 表决情况： | | --- | | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | A 股 | 23,483,799 | 98. ...

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges plan to adjust the price fluctuation limit for risk warning stocks from 5% to 10%, aiming to enhance pricing efficiency in the market [2][9]. Group 1: Risk Warning Stocks - Risk warning stocks include "*ST" and "ST" stocks, which are subject to trading restrictions due to financial irregularities that may lead to forced delisting [2]. - As of July 2, there are 99 "*ST" stocks and 74 "ST" stocks in the main boards of the Shanghai and Shenzhen markets [2]. - "*ST" stocks have a higher risk of delisting compared to "ST" stocks, with most stocks that were forcibly delisted this year being "*ST" stocks [2]. Group 2: Stock Performance - Stocks that received a "*ST" designation often experience significant price declines prior to delisting, with examples showing price drops between 75% and 92% in the year leading up to their delisting [2]. - For instance, after being designated as "*ST", Taihe Water's stock price fell by 20% in the month prior to the announcement and dropped 9.54% on the announcement day [3]. - Highong Co. transitioned from "ST" to "*ST" in April 2024, with its stock price declining by 48% over the year and an additional 9% from the beginning of the year to July 2 [4]. Group 3: Market Implications - The adjustment of the fluctuation limit to 10% means that if a company's fundamentals improve, its stock price can rise more quickly, and conversely, if the fundamentals worsen, the stock price can fall rapidly, potentially leading to faster delisting [9]. - Experts advise that ordinary investors should avoid "*ST" and "ST" stocks due to their inherent risks and historical performance trends [9].

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -38.5 million and -56.7 million yuan [1] - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -34.1 million and -51 million yuan [1] - The financial data in this performance forecast has not been audited by a registered accountant [1] Group 2 - In the same period last year, the total profit was -19.78 million yuan, with a net profit attributable to shareholders of the parent company at -19.96 million yuan [2] - The net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, was -18.3 million yuan [2] - The earnings per share for the previous year was -0.18 yuan [2] Group 3 - The primary reason for the expected loss in the first half of 2025 is a decline in operating income, influenced by the macroeconomic environment and a decrease in overall demand in the water environment governance industry [2] - The company has seen a reduction in new order amounts due to intensified competition in the water environment governance industry, which has compressed project profit margins [2]

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a net loss for H1 2025, with attributable net profit estimated between **RMB -38.5 million and RMB -56.7 million**, based on preliminary unaudited figures [Performance Forecast Period](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This performance forecast covers the financial period from January 1 to June 30, 2025 - The performance forecast covers the first half of 2025 (January 1 to June 30)[4](index=4&type=chunk) [Performance Forecast Details](index=1&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) Preliminary estimates indicate a net loss attributable to shareholders between **RMB 38.5 million and RMB 56.7 million** for H1 2025 2025 Half-Year Performance Forecast | Financial Metric (RMB) | Estimated Amount | | :--- | :--- | | Net Profit Attributable to Shareholders | -38.5 million to -56.7 million | | Net Profit After Non-Recurring Items | -34.1 million to -51.0 million | [Audit Status](index=1&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E6%9C%AC%E6%AC%A1%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%89%80%E6%B6%89%E5%8F%8A%E7%9A%84%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E6%9C%AA%E7%BB%8F%E6%B3%A8%E5%86%8C%E4%BC%9A%E8%AE%A1%E5%B8%88%E5%AE%A1%E8%AE%A1) The financial data presented in this performance forecast are preliminary and unaudited by a certified public accountant - The financial data in this performance forecast are unaudited by a certified public accountant[5](index=5&type=chunk) [Prior Period Operating Performance](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) In H1 2024, the company reported a net loss attributable to shareholders of **RMB 19.96 million**, with the projected H1 2025 loss significantly widening 2024 Half-Year Performance Review | Financial Metric (H1 2024) | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders | -19.96 million | | Net Profit After Non-Recurring Items | -18.30 million | | Earnings Per Share | -0.18 | - Compared to the prior year, the company's projected loss for H1 2025 is expected to significantly widen[3](index=3&type=chunk)[6](index=6&type=chunk) [Primary Reasons for Current Period Loss Forecast](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The projected loss is primarily due to reduced new orders from a weak macro economy and declining demand in the water environment sector, coupled with intensified competition compressing profit margins - The projected loss is attributed to multiple factors: - **Revenue Impact**: Decreased new order value and lower operating revenue due to a challenging macroeconomic environment and reduced overall demand in the water environment governance sector - **Profit Impact**: Intensified competition in the water environment governance industry has compressed project profit margins, leading to a decline in profitability[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company emphasizes that this performance forecast is a preliminary, unaudited estimate, and the final results may differ - This performance forecast is a preliminary estimate by the finance department, unaudited by a certified public accountant, and final figures may change[9](index=9&type=chunk) [Other Explanatory Matters](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) Investors are advised that definitive financial data will be based on the official 2025 half-year report, and investment risks should be considered - The final accurate financial data will be subject to the company's officially disclosed 2025 half-year report, and investors are reminded to be aware of investment risks[10](index=10&type=chunk)

Core Viewpoint - The company, Shanghai Taihe Water Technology Development Co., Ltd., has received a regulatory letter from the Shanghai Stock Exchange regarding its 2024 annual report disclosure, highlighting significant revenue declines and the need for further clarification on revenue adjustments related to uncompleted projects [1][2]. Revenue Adjustments - The company's revenue from the ecological protection and environmental governance sector was reported at 60.94 million yuan, a year-on-year decrease of 63.28%, with a gross margin of -31.48% compared to 3.66% in the previous year [1]. - The decline in performance is attributed to the company's efforts to accelerate cash collection, leading to revenue adjustments for certain projects, although specific deduction amounts were not disclosed [1][2]. - The company is required to provide detailed disclosures regarding the revenue deductions for uncompleted projects, including project names, deduction amounts, corresponding contract amounts, and previous years' recognized revenues and costs [2]. Specific Project Revenue Deductions - The company has detailed several projects with their respective contract amounts and revenue deductions: - Qingpu District River Improvement Project: Contract amount of 12 million yuan, revenue deduction of 1.62 million yuan [3]. - Jiangxi Fuzhou Reservoir Water Quality Deterioration Prevention Project: Contract amount of 3.39 million yuan, revenue deduction of 0.44 million yuan [4]. - Panxi River Basin Water Environment Comprehensive Improvement Project: Contract amount of 7.87 million yuan, revenue deduction of 0.39 million yuan [4]. - Tianchang City Copper Dragon River Improvement Project: Contract amount of 9.58 million yuan, revenue deduction of 1.48 million yuan [5]. - Mingguang City Wetland Park Ecological Restoration Project: Contract amount of 23.81 million yuan, revenue deduction of 2.52 million yuan [5]. Goodwill Impairment - The company reported a goodwill impairment of 29.33 million yuan for 2024, with 14.52 million yuan attributed to Heilongjiang Haihe Beverage Co., Ltd. This is a significant increase from the 2.47 million yuan impairment recorded in 2023 [11][12]. - The company is required to disclose the financial data of Haihe Beverage for the past three years and the specifics of the goodwill impairment calculation process [12][14]. Financial Performance of Haihe Beverage - The financial performance of Haihe Beverage for the past three years is as follows: - 2024: Revenue of 22.43 million yuan, net profit of 2.69 million yuan [14]. - 2023: Revenue of 18.55 million yuan, net profit of 2.99 million yuan [14]. - 2022: Revenue of 13.06 million yuan, net profit of 1.74 million yuan [14]. - The company has not yet obtained an audit report for Haihe Beverage, and the completion of performance commitments is contingent upon an audit by a recognized accounting firm [14][15]. Revenue Recognition and Accounting Standards - The company follows the revenue recognition principles outlined in the Accounting Standards for Enterprises, confirming revenue based on the progress of performance obligations [7][9]. - The company has established internal controls to ensure the accuracy of estimated total revenue and costs, and it does not engage in practices that would prematurely or delayed revenue recognition [9][10].

关于对上海太和水科技发展股份有限公司 2024 年年报监管工作函的专项说明 目录 一、监管工作函回复………………………………………（1-36） 希格玛会计师事务所（特殊普通合伙） X i g e m a C p a s ( S p e c i a l G e n e r a l P a r t n e r s h i p ) 关于对上海太和水科技发展股份有限公司 2024 年年度报告监管工作函的专项说明 上海证券交易所： 贵所《关于对上海太和水科技发展股份有限公司 2024 年年度报告的信息披 露监管工作函》（上证公函〔2025〕第 0868 号，以下简称"监管工作函"）已 收悉，希格玛会计师事务所（特殊普通合伙）作为上海太和水科技发展股份有 限公司（以下简称"太和水"或"公司"）2024 年度财务报表审计机构，对监 管工作函中需要会计师发表意见的相关财务问题进行了核查，现将核查情况和 意见回复如下：（注：本回复下列表式数据中的金额单位，除非特别注明外均 为人民币元） 问题一、关于营业收入结算扣减。年报及相关公告显示，公司生态保护和 环境治理行业营业收入为 6,093.97 万元，同比减少 63.28%，毛利 ...

证券代码：605081 证券简称：*ST 太和 公告编号：2025-054 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。 上海太和水科技发展股份有限公司（以下简称"公司"或"太和水"）近日收 到上海证券交易所发出的《关于对上海太和水科技发展股份有限公司2024年年 度报告的信息披露监管工作函》（上证公函〔2025〕第0868号，以下简称"监 管工作函"），公司收到上述《监管工作函》后高度重视，并已会同相关中介 机构对《监管工作函》有关问题进行了认真分析、逐项落实，现就有关事项回 复如下： 本回复下列表式数据中的金额单位，除非特别注明外均为人民币元。 问题一、关于营业收入结算扣减。年报及相关公告显示，公司生态保护和 环境治理行业营业收入为 6,093.97 万元，同比减少 63.28%，毛利率为-31.48%， 去年同期毛利率为 3.66%。公司表示，业绩下滑原因之一为公司为加速回款， 对部分项目收入进行结算扣减，并对未结算的项目进行全面检查和评估，调减 部分未结算项目的收入，但未披露具体扣减金额。 请公司补充披露：（1）20 ...