Core Points - The company is holding its second extraordinary general meeting of shareholders in 2025 to discuss important proposals, including the expansion of its business scope and amendments to its articles of association [1][8]. Meeting Procedures - Shareholders and their representatives must arrive 30 minutes before the meeting to complete registration and present identification documents [2]. - The meeting will follow a specific agenda for reviewing and voting on proposals, with shareholders entitled to speak, inquire, and vote [2][3]. - Voting will be conducted by a named ballot, with each share carrying one vote [8]. Proposals - Proposal One: The company plans to distribute a cash dividend of 2.00 RMB per 10 shares (before tax) based on the adjusted total share capital, which is 113 million shares minus 3.917 million shares in the repurchase account [7]. - Proposal Two: The company aims to expand its business scope to include various services such as information system integration, big data services, AI algorithm development, and more, reflecting its strategic development needs [8][9]. Amendments to Articles of Association - The company will amend its articles of association to reflect the new business scope, which includes a wide range of services related to information technology, environmental protection, and artificial intelligence [9][12]. - The amendments will ensure compliance with relevant laws and regulations, and the company will seek authorization to handle the necessary business registration changes [12].

无锡德林海环保科技股份有限公司 2025年第二次临时股东会 证券代码：688069 证券简称：德林海 无锡德林海环保科技股份有限公司 | 无锡德林海环保科技股份有限公司 2025 年第二次临时股东会会议须知 | 3 | | --- | --- | | 无锡德林海环保科技股份有限公司 年第二次临时股东会会议议程 2025 | 5 | | 无锡德林海环保科技股份有限公司 2025 年第二次临时股东会会议议案 | 7 | | 议案一：关于 2025 年半年度利润分配预案的议案 7 | | | 议案二：关于增加经营范围及修订《公司章程》并办理工商变更登记的议案 | | | 8 | | 无锡德林海环保科技股份有限公司 2025年第二次临时股东会 无锡德林海环保科技股份有限公司 2025 年第二次临时股东会会议须知 为维护全体股东的合法权益，确保股东会会议秩序和议事效率，保证股东会 的顺利召开，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》以及《无锡德林海环保科技股份有限公司章程》和《无锡德林 海环保科技股份有限公司股东会议事规则》等有关规定，特制定无锡德林海环保 科技股份有限公司（以下简称 ...

Core Insights - The company's performance is under short-term pressure, but a solid order backlog lays the foundation for annual growth [2] - The company has achieved significant technological advancements and is exploring new business models to open up growth opportunities [3] - A recent legal victory may allow for the reversal of potential liabilities, positively impacting future earnings [4] Financial Performance - In the first half of 2025, the company reported revenue of 108 million yuan, a year-on-year decline of 47%, and a net profit attributable to shareholders of -3.09 million yuan, a year-on-year decline of 112% [2] - The decline in performance is primarily due to large pending orders that have not yet been recognized as revenue, including projects with pending acceptance amounts of 70.83 million yuan and 42.50 million yuan [2] - As of the report date, the company had a total order backlog of 527 million yuan, providing strong support for annual performance [2] Technological Advancements - The company has solidified its core technological advantages, with its self-developed "Deep Submersible High-Pressure Algae Control Equipment" becoming a benchmark in the algae treatment field [3] - The company has made breakthroughs in precision dredging technology, with pilot projects achieving significant dredging volumes [3] - The exploration of a new "Two Mountains Industry" model and the establishment of a circular economy model for organic waste processing are expected to create new growth paths [3] Legal Developments - The company won a lawsuit related to a contract dispute, confirming ownership of 63.52 million yuan in funds and relieving it of a 100.6 million yuan repayment obligation [4] - Although the funds have not yet been released due to regulatory issues, the potential reversal of a provision for 48.08 million yuan could positively impact future net profits [4] Earnings Forecast - The company is projected to achieve revenues of 503 million yuan, 576 million yuan, and 660 million yuan for 2025-2027, with year-on-year growth rates of 12.08%, 14.63%, and 14.55% respectively [4] - Net profits attributable to shareholders are expected to be 52 million yuan, 60 million yuan, and 86 million yuan for the same period, with significant growth rates of 159.97%, 16.93%, and 41.94% respectively [4]

Core Viewpoint - The financial performance of Delinhai (688069) for the first half of 2025 shows significant declines in revenue and net profit, indicating potential challenges in the company's operations and financial health [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 108 million yuan, a decrease of 47.35% compared to 205 million yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was -3.09 million yuan, down 112.49% from 24.77 million yuan in the previous year [1]. - The gross profit margin improved to 51.78%, an increase of 33.18% year-on-year, while the net profit margin fell to -3.25%, a decrease of 127.06% [1]. - The total of financial, sales, and administrative expenses reached 23.84 million yuan, accounting for 22.05% of total revenue, which is a 99.51% increase year-on-year [1]. - Earnings per share were -0.03 yuan, a decline of 113.64% from 0.22 yuan in the previous year [1]. Cash Flow and Asset Changes - Cash and cash equivalents decreased by 80.16% to 12.3 million yuan, primarily due to investments in financial products and delayed payments from contracts [3]. - Accounts receivable increased by 2.74% to 44.5 million yuan, while inventory surged by 368.98% due to ongoing projects [3]. - The company reported a significant drop in operating cash flow, with a net cash flow from operating activities decreasing by 6370.07% [4]. Liabilities and Financial Management - The company’s interest-bearing debt decreased by 99.91% to 54,400 yuan, reflecting a reduction in bank borrowings [1]. - Accounts payable increased by 41.28%, indicating a strategy to maximize cash utilization by prioritizing bill payments to suppliers [3]. - The company’s ability to meet its obligations appears strong, with healthy cash assets despite the operational challenges [6]. Business Model and Historical Performance - The historical return on invested capital (ROIC) has been relatively high at 22.23%, but the company experienced a poor ROIC of -6.87% in 2024 [6]. - The business model has shown vulnerability, with two years of losses since its listing, suggesting potential weaknesses in its operational strategy [6].

Group 1 - The company, Derlinhai, reported a significant decline in revenue for the first half of 2025, with total operating income of 108,116,207.53 yuan, representing a year-on-year decrease of 47.35% [2] - The net profit attributable to shareholders of the listed company was -3,092,787.13 yuan, marking a year-on-year decline of 112.49% [2]

1.5本半年度报告未经审计。 公司代码：688069 公司简称：德林海 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到上海证券交易所网站www.sse.com.cn仔细阅读半年度报告全文。 1.2重大风险提示 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本报告第三 节"管理层讨论与分析"之"四、风险因素"。 1.3本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.4公司全体董事出席董事会会议。 1.6董事会决议通过的本报告期利润分配预案或公积金转增股本预案 为贯彻落实《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见》, 进一步提升公司投 资价值，增强投资者回报水平，结合公司目前整体经营情况及公司战略发展，经公司第四届董事会第二 次会议决议，公司2025年半年度拟以实施权益分派股权登记日的总股本扣减回购专用证券账户中的股份 数后的股本为基数进行利润分配。具体方案如下： 拟向全体股东每10股 ...

Group 1 - The company, Derlinhai, announced that it will hold its second extraordinary general meeting of shareholders for 2025 on September 5, 2025 [2] - The agenda for the meeting includes the review of the proposal regarding the profit distribution plan for the first half of 2025 [2]

Group 1 - The company announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 2.00 yuan (including tax) for every 10 shares held by shareholders [1] - As of August 18, 2025, the total share capital of the company is 113,000,000 shares, with 3,917,409 shares held in the company's repurchase account, resulting in a base of 109,082,591 shares for the dividend calculation [1] - The total cash dividend to be distributed amounts to 21,816,518.20 yuan (including tax) [1]

Core Points - Delin Hai announced on August 19 that it will hold the second meeting of the fourth board of directors on August 18, 2025, to review the proposal regarding the expected amount of daily related party transactions [1] - The company and its subsidiaries expect to engage in daily related party transactions with Huzhou Nankong Ecological Environment Construction Co., Ltd., with a total amount not exceeding RMB 6.5 million (excluding tax) from the approval of this proposal until the annual board meeting in 2025 [1]

Group 1 - The company, Derinhai, reported a significant decline in revenue for the first half of 2025, with approximately 108 million yuan, representing a year-on-year decrease of 47.35% [2] - The net profit attributable to shareholders of the listed company was a loss of approximately 3.09 million yuan [2] - The basic earnings per share showed a loss of 0.03 yuan [2]