Group 1 - The company announced a profit distribution and capital reserve conversion plan for the year 2024, which includes a cash dividend of 1.50 yuan (including tax) for every 10 shares and a capital reserve conversion of 4 shares for every 10 shares held [2][3] - The plan was approved at the company's annual general meeting held on May 16, 2025, and further details were disclosed in previous announcements [2][3] - The company will adjust the conversion price of its convertible bonds in accordance with the terms outlined in the bond issuance prospectus following the implementation of the profit distribution plan [3][4] Group 2 - The convertible bonds will be suspended from conversion from July 8, 2025, until the equity distribution registration date, with resumption of conversion on the first trading day after the registration date [3][4] - Investors wishing to enjoy the benefits of the equity distribution must convert their bonds by July 7, 2025 [3] - The company will announce the specific adjustments to the conversion price of the convertible bonds on the day of the suspension [4]

| 证券代码：688096 | 证券简称：京源环保 | 公告编号：2025-045 | | --- | --- | --- | | 转债代码：118016 | 转债简称：京源转债 | | 江苏京源环保股份有限公司 经中国证券监督管理委员会"证监许可〔2022〕508 号"文同意注册，公司 于 2022 年 8 月 5 日向不特定对象发行了 332.50 万张可转换公司债券，每张面值 100 元，发行总额 33,250 万元，可转换公司债券期限为自发行之日起六年。 经上海证券交易所自律监管决定书〔2022〕230 号文同意，公司发行的 33,250 万元可转换公司债券已于 2022 年 8 月 25 日起在上海证券交易所挂牌交易，债券 简称"京源转债"，债券代码"118016"。 转股情况：江苏京源环保股份有限公司（以下简称"公司"）向不特定对象 发行的可转换公司债券"京源转债"自 2023 年 2 月 13 日开始转股，截至 2025 年 6 月 30 日，"京源转债"共有人民币 132,499,000 元已转换为公司股票， 累计转股数量 13,533,729 股，占"京源转债"转股前公司已发行股份总额的 1 ...

| 证券代码：688096 | 证券简称：京源环保 | 公告编号：2025-046 | | --- | --- | --- | | 转债代码：118016 | 转债简称：京源转债 | | 江苏京源环保股份有限公司 关于实施 2024 年年度权益分派时 可转债停止转股的提示性公告 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： 证券停复牌情况：适用 因实施 2024 年度权益分派,本公司的相关证券停复牌情况如下：权益分派公告前一 交易日（2025 年 7 月 8 日）至权益分派股权登记日间，"京源转债"将停止转股。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 118016 | 京源转债 | 可转债转股停 | 2025/7/8 | | | | | | | 牌 | | | | | 本次权益分派方案实施后，公司将依据《江苏京源环保股份 ...

Group 1 - The company's credit rating remains at "A" with a stable outlook for both the company and its bond "京源转债" [1][2] - The credit rating agency 中证鹏元 conducted a follow-up credit rating assessment on June 27, 2025, confirming the ratings [2] - The previous credit rating was also "A" with a stable outlook, assessed on June 28, 2024 [1][2] Group 2 - The follow-up rating report was published on the Shanghai Stock Exchange website on the same day as the assessment [2]

Core Viewpoint - Jiangsu Jingyuan Environmental Protection Co., Ltd. has a stable credit rating outlook, supported by its core technological advantages and market expansion efforts, despite facing challenges such as high customer concentration and ongoing operating losses [4][7][8]. Company Overview - The company focuses on industrial water treatment, emphasizing the development of core technologies and customized products, which enhances its competitiveness in niche markets [6][18]. - In 2024, the company achieved a revenue of 4.76 billion yuan, reflecting a year-on-year growth of 20.18% [6][25]. Financial Performance - The company's total assets increased to 19.30 billion yuan in 2025, while total liabilities decreased to 6.69 billion yuan [5][26]. - The net profit for 2024 was a loss of 0.25 billion yuan, an improvement from previous years [5][25]. - The cash to short-term debt ratio fell to 0.24, indicating increased short-term repayment pressure [8][26]. Market Position and Customer Base - The company has a high customer concentration, with 79.36% of its revenue coming from the power industry, primarily from long-term partnerships with major state-owned enterprises [7][22]. - The company is actively expanding into artificial intelligence and cloud computing sectors, contributing to new revenue streams [6][24]. Industry Environment - The industrial water treatment market in China is projected to grow, with a market size of approximately 823.2 billion yuan in 2024, expected to reach 1,086.4 billion yuan by 2028 [12][13]. - The demand for water treatment solutions is driven by stricter environmental regulations and the need for zero discharge in industries such as power generation and steel [12][13][14]. Competitive Landscape - The industrial water treatment sector is characterized by intense competition, with numerous players and significant technological barriers [14][15]. - The company maintains a low market share but is focusing on enhancing its competitive edge through technological advancements and strategic partnerships [19][24].

| 证券代码：688096 | 证券简称：京源环保 | 公告编号：2025-044 | | --- | --- | --- | | 转债代码：118016 | 转债简称：京源转债 | | 江苏京源环保股份有限公司 关于"京源转债"跟踪信用评级结果的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 前次债券评级：公司主体信用等级为 A，评级展望为"稳定"，"京源 转债"的信用等级为 A。 本次债券评级：公司主体信用等级为 A，评级展望为"稳定"，"京源 转债"的信用等级为 A。 根据《上市公司证券发行注册管理办法》《上海证券交易所科创板股票上市 规则》等有关规定，江苏京源环保股份有限公司（以下简称"公司"）委托信用 评级机构中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对公司于 2022 年 8 月向不特定对象发行的可转换公司债券（以下简称"京源转债"）进 行了跟踪信用评级。 公司前次主体信用评级结果为 A，评级展望为"稳定"，"京源转债"前次 债券信用评级结果为 A，评级机构为中证鹏元，评级时间为 ...

江苏京源环保股份有限公司相关 债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【800】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未经授权 ...

Group 1 - The core viewpoint of the article highlights that despite revenue growth in 2024, Jingyuan Environmental Protection has not achieved profitability due to factors such as fixed asset depreciation, convertible bond interest, and impairment provisions for receivables [1] - The company is taking measures to improve its financial situation, including enhancing the collection of accounts receivable and promoting new business initiatives in "environmental protection + AI" [1] - Significant progress has been made in AI dosing technology, AI knowledge management, and vertical models in water treatment, with operational business revenue showing substantial growth and expected to continue expanding [1] Group 2 - The company has released its first major contract announcement, which complies with information disclosure standards [1] - Research and development projects are underway in traditional environmental protection technologies, including superconducting magnetic mixing and the removal of emerging pollutants in water [1] - The company is considering dividend distribution while ensuring stable profitability and sufficient cash flow [1] Group 3 - The cash flow has improved due to the computing power business, which has become a new profit growth point, with a broad outlook for the computing power industry [1] - The timing for refinancing will depend on business development and financing structure, with no specific timetable established yet [1] - Share reductions are for personal financial planning needs and are not expected to significantly impact the company's stock price; share buybacks will be used for employee stock ownership plans or equity incentives [1]

证券代码：688096 证券简称：京源环保 公告编号：2025-042 转债代码：118016 转债简称：京源转债 江苏京源环保股份有限公司 一、监事会会议召开情况 江苏京源环保股份有限公司（以下简称"公司"）第四届监事会第十三次会 议（以下简称"会议"）于 2025 年 6 月 27 日以通讯方式召开。会议通知已于 议事项相关的必要信息。会议应出席监事 3 人，实际出席监事 3 人，会议由监事 会主席徐俊秀先生主持。本次会议的召集和召开程序符合相关法律法规、规章和 《公司章程》的规定。 二、监事会会议审议情况 经与会监事认真审议并记名投票表决，会议通过以下议案： （一）审议通过《关于部分募投项目延期的议案》 监事会认为：本次部分募投项目延期是公司根据募投项目实施的实际情况做 出的审慎决定，不存在变相改变募集资金用途的情况，不存在损害股东利益的情 形，决策和审批程序符合《上海证券交易所科创板股票上市规则》《上市公司募 集资金监管规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规 范运作》等法规要求，符合公司《募集资金管理办法》的规定。因此，监事会同 意募投项目进行延期的事项。 具体内容详见公司于 ...

方正证券承销保荐有限责任公司 关于江苏京源环保股份有限公司 根据《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 及公司《募集资金管理制度》相关规定，公司以自筹资金预先投入募投项目的， 可以在募集资金到账后 6 个月内，以募集资金置换自筹资金。公司发行费用支付 时间在第二次临时股东大会会议决议通过的《关于公司向不特定对象发行可转换 公司债券预案的议案》和《关于提请股东大会授权董事会办理本次向不特定对象 发行可转换公司债券相关事宜的议案》（上述议案简称为"可转债议案"）之前 或发行费用支付时间超过置换期限的金额合计 297,759.42 元，其中支付时间在 《可转债议案》前的发行费用金额 235,849.04 元，超过置换期限支付的发行费用 金额 61,910.38 元，上述支出不得以募集资金置换自筹资金。经上述调整后发行 1 费用总额为 5,452,830.20 元，实际募集资金 327,047,169.80 元。上述事项业经大 华会计师事务所（特殊普通合伙）以"大华核字[2023]001866 号"鉴证报告确认。 截至 2025 年 5 月 31 日，公司向不特定对象发行可转换公司债券的募 ...