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]

Group 1 - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares (including tax) to all shareholders, based on a total share capital of 109,082,591 shares after deducting shares held in the repurchase account, resulting in a total cash dividend of 21,816,518.20 RMB (including tax) [5][37][38] - The profit distribution plan is subject to approval at the company's second extraordinary general meeting in 2025 [6][39] - The company reported a net profit attributable to shareholders of -3,092,787.13 RMB for the first half of 2025, with available profits for distribution amounting to 176,246,584.61 RMB [38][40] Group 2 - The company has a total of 113,000,000 shares as of August 18, 2025, with 3,917,409 shares held in the repurchase account [5][37] - The company has received new orders totaling approximately 4.02 billion RMB, with cumulative orders amounting to about 5.27 billion RMB, indicating a strong order backlog [40] - The company is in a favorable position within the beautiful river and lake industry, benefiting from policy incentives and a growing brand presence in the lake ecological hospital sector [40] Group 3 - The company has established a fundraising management system to ensure the effective use of raised funds, which are stored in designated special accounts [12][13] - As of June 30, 2025, the company has a remaining balance of 21,019,946.45 RMB from the raised funds, with specific amounts allocated for share repurchase plans [10][12] - The company has not used idle raised funds for temporary working capital or to repay bank loans during the reporting period [18][20] Group 4 - The company plans to expand its business scope to include various technology and data services, reflecting its strategic growth direction [33][34] - The proposed changes to the company's articles of association will be submitted for shareholder approval [35] - The company has conducted necessary board meetings and independent director reviews to ensure compliance with regulations regarding the proposed changes [47][48] Group 5 - The company will hold its second extraordinary general meeting on September 5, 2025, to discuss the profit distribution plan and other matters [58][59] - The meeting will allow for both on-site and online voting, ensuring shareholder participation [58][63] - The company has outlined the registration process for shareholders wishing to attend the meeting, emphasizing the importance of prior registration [66][68]

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]

无锡德林海环保科技股份有限公司 关于公司 2025 年度"提质增效重回报"行动方案的 半年度评估报告 无锡德林海环保科技股份有限公司（以下简称"公司"）于 2025 年 4 月发 布了《2025 年度"提质增效重回报"行动方案》，推动经营优化，回报投资者。 现就半年度实施情况做评估，确保行动方案践行。报告期内，公司所处的美丽河 湖行业迎来风口期，政策红利逐步释放，主营业务经营情况稳中向好，湖泊生态 医院品牌溢价日益明显，在手订单充足，年初至本公告披露日，新增在手订单约 4.02 亿元，同比增加 39.24%，累计在手订单约为 5.27 亿元。 一、业务发展及技术创新进展 报告期内，公司以科技创新推动"绿水青山"向"金山银山"转化的核心理 念，深度探索资源化闭环，推出"两山"产业，实践"生态产业化、产业生态化" 的创新模式，致力于成为美丽中国的建设者和守护者。 深潜式高压控藻成套装备能效突出：公司自主研发的深潜式高压控藻成套装 备在蓝藻常态化防控方面治理能效表现尤为突出，经实测验证，该装备处理同等 规模藻水时，能耗较公司第一代藻水分离站降低 4 个数量级（仅为万分之一至万 分之二），已然成为蓝藻治理领域新的能效 ...