Core Viewpoint - *ST Taihe (605081.SH) has announced that its stock will be subject to delisting risk warning starting from April 29, 2025, due to potential financial indicators that may trigger delisting according to the Shanghai Stock Exchange listing rules [1] Financial Indicators - If the audited financial data for the year 2025 still meets the delisting criteria or if there are other conditions that cannot eliminate the delisting risk warning, the company's stock will be terminated from listing [1]

关于对上海太和水科技发展股份有 限公司2025年度因财务指标涉及退 市风险 警示有关情形预审计情况的 专项说明 关于对上海太和水科技发展股份有限公司 2025年度因财务指标涉及退市风险警示 有关情形预审计情况的专项 说明 尤振专审字[2026]第0019号 尤振专审字[2026]第0019号 尤尼泰振青会计师事务所 中国注册会计师: (项目合伙人) (特殊普通合伙) 中国注册会计师: 上海太和水科技发展股份有限公司全体股东： 我们接受委托，对上海太和水科技发展股份有限公司(以下简称太和水公司)2025年度 财务报表进行审计。截至本专项说明出具之日止，我们的审计工作尚在进行中，最终的审计意见 尚未形成。 根据《上海证券交易所股票上市规则》及《上海证券交易所上市公 司自律监管指南第1 号——公告格式》的相关规定，太和水公司编制了2025年度业绩预告。编制和对外披露业绩 预告，并确保其真实性、准确性和完整性是太和水公司的责任。 太和水公司因2024年度经审计的利润总额、净利润为负,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3亿元而被实施退市风险警示。根据太和水 公司作出的2025年度的业 ...

Financial Performance Expectations - The company expects a total profit loss for 2025 between -242.53 million and -202.53 million CNY, with a net profit attributable to shareholders of -244.00 million to -204.00 million CNY [4]. - Estimated operating revenue for 2025 is projected to be between 380.00 million and 400.00 million CNY, with revenue after excluding unrelated business income expected to be between 377.93 million and 397.93 million CNY [4]. - The previous year's total profit was -335.37 million CNY, with a net profit attributable to shareholders of -334.49 million CNY [7]. Asset and Financial Health - The company reported a net asset value at the end of 2025 expected to be between 697.00 million and 834.90 million CNY [5]. - The company faced significant impacts on net profit due to provisions for bad debts, with measures being taken to mitigate losses [10]. - High management expenses were reported due to operational maintenance and business transformation efforts, impacting profitability [11]. - The company disposed of non-core assets, leading to losses due to impairment and lower-than-expected transaction prices [12]. Risk Factors - There is a risk of delisting as the stock has been under risk warning since April 29, 2025, due to financial indicators [13]. - The audit work for the financial statements is ongoing, and the final audit opinion has not yet been formed [13]. - The data provided in the earnings forecast is preliminary and subject to change upon the release of the official annual report [13].

证券代码：605081 证券简称：*ST 太和 公告编号：2026-006 上海太和水科技发展股份有限公司 关于公司股票可能被终止上市的风险提示公告 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： 公司存在终止上市风险：本期业绩预告的数据均未经审计。公司股票已于 2025 年 4 月 29 日被实施退市风险警示，如公司 2025 年度经审计的相关财务 数据仍触及《上海证券交易所股票上市规则》规定的财务类退市指标或存在 其他不能消除退市风险警示的情况，公司股票将终止上市，敬请广大投资者 注意投资风险。 截至目前，公司审计工作尚在进行中，最终的审计意见尚未形成。年审会 计师出具专项说明，"截至本专项说明出具之日止，根据我们已经实施的审 计程序和已获得的审计证据，我们尚不能确定太和水业绩预告中 2025 年扣 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超过 3 亿元，以及太和水预计将消除财务类退市指标情形。由于太和水 2025 年度 财务报表审计工作尚未完成，具体审计意见以本所出具的太和水 2025 ...

Group 1 - The major shareholder, Shanghai Huachong Equity Investment Fund Partnership, plans to reduce its stake in *ST Taihe by up to 3,397,411 shares, representing no more than 3% of the total share capital [1] - The reduction will occur over a period from February 25, 2026, to May 24, 2026, through both centralized bidding and block trading methods [1] - The shareholder currently holds 6,117,600 shares, which is 5.4020% of the total share capital, acquired before the IPO and through capital reserve conversion [2] Group 2 - *ST Taihe was listed on the Shanghai Stock Exchange on February 9, 2021, with an initial issuance of 19.53 million shares at a price of 43.30 yuan per share [2] - The stock reached a peak price of 62.35 yuan on its first trading day but is currently in a state of decline [2] - The total funds raised from the IPO amounted to 84.5649 million yuan, with a net amount of 77.81094 million yuan allocated for operational funding and project development [2][3] Group 3 - The total issuance costs for the IPO were 6.75396 million yuan, including underwriting and sponsorship fees of 5.23725 million yuan [3] - In 2022, the company distributed a cash dividend of 1 yuan per share and increased the share capital by 0.45 shares per share, resulting in a total share capital of 113,247,072 shares after the distribution [3] - The company's stock name changed from "Taihe Water" to "*ST Taihe" on April 29, 2025 [3]

证券代码：605081 证券简称：*ST 太和 公告编号：2026-004 上海太和水科技发展股份有限公司 关于股票交易的风险提示公告 二、主营业务收入调整风险 公司工程业务根据履约进度确认收入，截至目前，公司相关财务数据尚未 经过审计，公司的履约进度需年审会计师进一步复核确认。后续不排除对已确 认收入进行调整，请投资者关注相关风险。 三、其他应收款备用金流向不明及回款不确定风险 经核查，截至 2025 年第三季度末，公司其他应收款中，员工备用金的金额 为 1,470.21 万元，上述款项支付合理性存疑，暂未获知相关资金是否流向关联 方及其他潜在利益关联方的情况，可能对公司资金安全及资产完整性构成潜在 风险。公司已启动整改，并采取发送律师函、提起诉讼等追款措施，但存在追 款效果不及预期、相关资金无法足额收回的风险。 四、主营业务回款风险 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"）股价从2026年1月21 日至2026年1月26日累计涨幅达14.85%，其中2026年1月2 ...

证券代码：605081 证券简称：*ST 太和 公告编号：2026-003 上海太和水科技发展股份有限公司 实施期间，若公司发生派发红利、送红股、转增股本、增发新股或配股等股 本除权、除息事项，上述减持股份数量将进行相应调整。 | 股东名称 | 上海华翀股权投资基金合伙企业（有限合伙） | | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 □是 √否 | 一、减持主体的基本情况 1 关于持股 5%以上股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，上海华翀股权投资基金合伙企业（有限合伙）（以下简 称"华翀基金"）持有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"）无限售条件流通股份数量 6,117,600 股, 占公司总股本的 5.4020%。 减持计划的主要内容 公司于 2025 年 9 月 25 日发布了《上海太和水科技发展股份有限公司关于持 股 5%以上股东减持股份计划公告》（公告编号 2025 ...

证券代码：605081 证券简称：*ST 太和 公告编号：2026-002 上海太和水科技发展股份有限公司 关于持股 5%以上股东减持股份计划期限届满暨减持 股份结果公告 本公司董事会、全体董事及相关股东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。 | 股东名称 | 上海华翀股权投资基金合伙企业（有限合伙） | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 √否 | □是 | | | 直接持股 5%以上股东 □否 | √是 | 一、减持主体减持前基本情况 1 | | 董事、监事和高级管理人员 | □是 | √否 | | --- | --- | --- | --- | | | 其他： 无 | | | | 持股数量 | 7,250,000股 | | | | 持股比例 | 6.4019% | | | | 当前持股股份来源 | 其他方式取得：7,250,000股（IPO | 前取得 | 5,000,000 股， | | | 资本公积金转增股本取得 2,250,000 | 股） | | 上述减持主体无一致行动人 ...

太和水公告称，2025年9月25日，公司披露持股5%以上股东华翀基金减持计划，其当时持有公司725万 股，占总股本6.4019%。截至2026年1月24日减持期限届满，华翀基金通过集中竞价累计减持113.24万 股，占总股本0.9999%，减持价格9.33 - 12.17元/股，减持总金额1212.34万元。目前华翀基金持股611.76 万股，占总股本5.4020%，未完成原计划减持不超3%的目标。 ...

Group 1 - The company *ST Taihe (605081.SH) closed at 10.85 yuan, with a decline of 2.43% [1] - Shanghai Taihe Water Technology Development Co., Ltd. was listed on the Shanghai Stock Exchange on February 9, 2021, with an issuance of 19.53 million shares at a price of 43.30 yuan per share [1] - The highest price recorded on the first day of trading was 62.35 yuan, indicating that the stock is currently in a state of decline [1] Group 2 - The total amount raised from the initial public offering (IPO) was 84.5649 million yuan, with a net amount of 77.81094 million yuan [1] - The funds raised are intended for supplementing working capital for engineering construction, as well as for the headquarters operation center and information technology construction projects [1] - The total issuance costs for the IPO amounted to 6.75396 million yuan, including underwriting and sponsorship fees of 5.23725 million yuan [1] Group 3 - On May 26, 2022, the company announced a cash dividend distribution of 1 yuan per share (including tax) and a capital reserve increase of 0.45 shares per share, resulting in a total distribution of 78.101429 million yuan in cash dividends and an increase of 35.145643 million shares [2] - After the distribution, the total share capital increased to 113.247072 million shares [2] - The stock name changed from "Taihe Water" to "*ST Taihe" on April 29, 2025 [2]