Group 1 - The company *ST Taihe reported a revenue of approximately 81.39 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 14.33% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 82.46 million yuan [1] - The basic earnings per share showed a loss of 0.73 yuan [1] Group 2 - As of the report, the market capitalization of *ST Taihe is 1.3 billion yuan [1]

上海太和水科技发展股份有限公司 证券代码：605081 证券简称：*ST 太和 公告编号：2025-076 （一）审议通过《关于<公司 2025 年第三季度报告>的议案》 具体内容详见同日公司在上海证券交易所网站（http://www.sse.com.cn） 及指定媒体披露的《上海太和水科技发展股份有限公司 2025 年第三季度报告》。 特此公告。 上海太和水科技发展股份有限公司董事会 2025 年 10 月 30 日 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。 一、董事会会议召开情况 上海太和水科技发展股份有限公司（以下简称"公司"）第四届董事会第六 次会议于 2025 年 10 月 29 日以现场和通讯相结合方式召开。会议应出席董事 9 人，实际出席董事 9 人。本次会议由董事长吴靖先生主持。本次会议的召集和召 开符合《中华人民共和国公司法》《上海太和水科技发展股份有限公司章程》《上 海太和水科技发展股份有限公司董事会议事规则》等有关法律、法规、规范性文 件的规定，程序合法。 二、董事会会议审议情况 经与会董事认真讨论 ...

Financial Performance - The company's operating revenue for the third quarter was ¥48,335,771.76, representing a year-on-year increase of 143.45%[2] - The total profit for the period was -¥25,256,136.68, with a net profit attributable to shareholders of the listed company at -¥25,381,073.77[2] - The basic earnings per share for the quarter was -¥0.22, compared to -¥0.73 for the year-to-date[2] - Total operating revenue for the first three quarters of 2025 was CNY 81,386,642.64, a decrease of 14.5% compared to CNY 94,999,836.48 in the same period of 2024[18] - Net loss for the first three quarters of 2025 was CNY 83,729,512.69, compared to a net loss of CNY 35,973,023.75 in the same period of 2024, representing a significant increase in losses[19] - The company's operating profit (loss) for the period was CNY -79,385,117.76, worsening from CNY -31,101,021.11 in the previous year[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.73, compared to CNY -0.32 in the same period of 2024[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥9,792,670.01, a significant improvement compared to -¥29,548,913.80 for the year-to-date[2] - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[21] - Cash inflow from operating activities for the first three quarters of 2025 was $293.78 million, an increase of 53.6% compared to $191.16 million in the same period of 2024[22] - Net cash outflow from operating activities was $29.55 million for the first three quarters of 2025, improving from a net outflow of $96.75 million in the same period of 2024[22] - The ending cash and cash equivalents balance for the first three quarters of 2025 was $90.67 million, down from $190.21 million in the same period of 2024[23] - Total cash outflow from operating activities was $323.32 million in 2025, compared to $287.90 million in 2024, reflecting an increase of 12.3%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,310,288,116.69, down 14.12% from the end of the previous year[3] - Total assets decreased from CNY 1,525,768,444.25 to CNY 1,310,288,116.69, reflecting a decline of approximately 14.1%[16] - Total liabilities decreased from CNY 553,326,160.45 to CNY 417,316,306.76, a reduction of about 24.6%[16] - Total current assets as of September 30, 2025, amount to 102,784,428.63 RMB, down from 188,229,802.82 RMB as of December 31, 2024[14] - Accounts receivable decreased to 386,317,311.21 RMB from 585,085,036.52 RMB year-over-year[14] - Inventory increased to 122,315,843.99 RMB from 104,224,698.45 RMB year-over-year[14] - Contract assets rose to 139,783,952.79 RMB from 127,825,409.74 RMB year-over-year[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,254[10] - The largest shareholder, Beijing Xinxin Xuancan Technology Center, holds 13,589,649 shares, representing 12.00% of total shares[10] - The second-largest shareholder, He Wenhui, holds 11,963,918 shares, representing 10.56% of total shares, with 5,169,094 shares frozen and 6,794,824 shares marked[12] Operational Challenges - The company faced increased operating costs and management expenses, affecting overall profitability[7] - The weighted average return on net assets was -2.81% for the quarter, reflecting ongoing financial challenges[3] - Non-recurring gains and losses for the period totaled -¥2,972,703.24, with significant impacts from asset disposals and government subsidies[6] - The company has been placed under delisting risk warning due to financial performance issues, with specific criteria outlined for potential delisting[13] - The company reported a significant decrease in cash and cash equivalents, indicating potential liquidity concerns[14] - Research and development expenses for the first three quarters of 2025 were CNY 5,017,456.96, down from CNY 6,283,086.93 in the previous year, indicating a reduction in investment in innovation[18] - The company reported an increase in credit impairment losses of CNY -22,736,441.63, compared to a gain of CNY 6,278,920.48 in the same period of 2024, highlighting challenges in asset quality[19] Market Activity - The company reported an increase in construction project numbers, contributing to revenue growth in the engineering sector[7] - The company did not report any significant new product launches or market expansions during the conference call[24]

证券代码：605081 证券简称：*ST 太和 公告编号：2025-075 上海太和水科技发展股份有限公司 法定代表人：孙薇 注册资本：人民币 11324.7072 万元整 成立日期：2010 年 12 月 07 日 关于完成公司法人工商变更登记的公告 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。 上海太和水科技发展股份有限公司（以下简称"公司"）于 2025 年 9 月 12 日召开了 2025 年第四次临时股东会，审议通过了《关于增补第四届董事会非独 立董事候选人的议案》。同日，公司召开了第四届董事会第四次会议，审议通过 了《关于选举代表公司执行公司事务的董事的议案》。全体董事一致同意选举非 独立董事孙薇女士为代表公司执行公司事务的董事，担任公司法定代表人，任期 自第四届董事会第四次会议审议通过之日起至第四届董事会届满之日止。具体内 容详见公司在上海证券交易所网站（http://www.sse.com.cn）及指定媒体披露 的《上海太和水科技发展股份有限公司 2025 年第四次临时股东会决议公告》（公 告编号：2025- ...

Core Insights - The environmental governance sector saw a 0.42% increase on October 27, with Jia Rong Technology leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Environmental Governance Sector Performance - Jia Rong Technology (301148) closed at 34.70, up 7.16% with a trading volume of 43,500 shares and a transaction value of 150 million [1] - Qidi Environment (000826) closed at 2.40, up 6.19% with a trading volume of 2.5364 million shares and a transaction value of 616 million [1] - Xianglong Electric (600769) closed at 14.37, up 4.51% with a trading volume of 252,000 shares and a transaction value of 360 million [1] - Hai Tian Co., Ltd. (603759) closed at 9.68, up 4.09% with a trading volume of 171,500 shares and a transaction value of 164 million [1] - De Lin Hai (688069) closed at 24.20, up 3.91% with a trading volume of 17,400 shares and a transaction value of 41.68 million [1] - Gao Neng Environment (603588) closed at 7.66, up 3.51% with a trading volume of 484,700 shares and a transaction value of 371 million [1] Capital Flow Analysis - The environmental governance sector experienced a net outflow of 108 million from institutional investors, while retail investors saw a net inflow of 42.49 million [2] - The main stocks with significant net inflows from institutional investors included Gao Neng Environment (743.25 million) and Qidi Environment (707.67 million) [3] - Conversely, stocks like Zhongzhi Co., Ltd. (603903) and Tongyuan Environment (688679) faced declines of 10.00% and 5.46% respectively [2]

Group 1 - The fifth extraordinary general meeting of shareholders for Shanghai Taihe Water Technology Development Co., Ltd. was held on October 16, 2025, at the Lanyun Cultural Center in Qingpu District, Shanghai [2] - The meeting was convened by the board of directors and chaired by Chairman Wu Jing, utilizing a combination of on-site and online voting methods, which complied with the Company Law and the company's articles of association [2][3] - Out of the 9 current directors, 8 attended the meeting, with independent director Chen Jiajun absent due to personal work reasons [3] Group 2 - The meeting approved several non-cumulative voting proposals, including amendments to the company's articles of association, board meeting rules, and fundraising management system [4][5] - The meeting did not deliberate on any matters outside of the notified and announced agenda [5] - The legal proceedings of the meeting were witnessed by Beijing Tongshang Law Firm, confirming that the meeting's convening and voting procedures were in accordance with legal regulations and the company's articles of association [5]

关于上海太和水科技发展股份有限公司 2025年第五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 受上海太和水科技发展股份有限公司(以下简称"公司")聘请，北京市通商律 师事务所指派律师出席了公司2025年第五次临时股东会，并依据《中华人民共和 国公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以下简称"《证 券法》")、中国证券监督管理委员会发布的《上市公司股东会规则》(以下简称"《股 东会规则》")、《上海证券交易所股票上市规则》(以下简称"《上市规则》")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， 我们对本次股东会所涉及的有关事项进行了审查，查阅了本所律师认为出具法律 意见书所必须查阅的文件，并同意将本法律意见书随本次股东会决议一起予以公 告，依法对本法律意见书承担相应的责任。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则(试行)》等规定及本法律意见书出具日以 前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用 原则，进行了充分的核查验证，保证本法律意见所认定的事 ...

证券代码：605081 证券简称：*ST 太和 公告编号：2025-074 上海太和水科技发展股份有限公司 2025年第五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 10 月 16 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、出席会议的股东和代理人人数 | 83 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 23,645,552 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 21.8782 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，董事长吴靖先生主持。会议采用现场投票和网 络投票相结合的表决方式进行表决。会议的召集、召开及表决方 ...

2025 年第五次临时股东会会议资料 上海太和水科技发展股份有限公司 2025 年第五次临时股东会会议资料 2025 年 10 月 证券代码：605081 证券简称：*ST太和 2025 年第五次临时股东会会议资料 | 2025 | 年第五次临时股东会须知 | 1 | | --- | --- | --- | | 2025 | 年第五次临时股东会会议议程 | 3 | 议案一：《关于修订<公司章程>并办理工商变更登记及修订部分治理制度的议案》 5 2025 年第五次临时股东会会议资料 上海太和水科技发展股份有限公司 一、为保证股东会的严肃性和正常秩序，切实维护与会股东（包括股东代理 人，下同）的合法权益，除出席会议的股东、公司董事、高级管理人员、见证律 师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会场。 二、出席现场会议的股东须在会议召开前 30 分钟到会议现场办理签到手续， 并请按规定出示证券账户卡、身份证或法人单位证明、授权委托书等，经验证后 领取会议资料，方可出席会议。 三、股东依法享有发言权、质询权、表决权等权利。股东要认真履行法定义 务，不得侵犯其他股东的权益，不得扰乱会议的正常程序。如股东欲在 ...

Core Points - Shanghai Taihe Water Technology Development Co., Ltd. (stock code: 605081, stock abbreviation: *ST Taihe) held its fourth board meeting on September 30, 2025, with all nine directors present, chaired by Chairman Wu Jing [1] Group 1 - The board approved multiple resolutions, including amendments to various systems such as the Articles of Association and governance rules [2] - The resolutions included the proposal to convene an extraordinary shareholders' meeting, with all votes in favor [2]