中信证券股份有限公司 关于浙江海盐力源环保科技股份有限公司 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2025 年 4 月对公司进行了现场检查。 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制度，查阅公司 2024 年度内部控制自我评价报告、2024 年度内部控制审计报告等文件； 2024 年年度持续督导跟踪报告 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为浙江海 盐力源环保科技股份有限公司（以下简称"力源科技"或"公司"或"上市公司"） 首次公开发行股票并在科创板上市的保荐人。根据《证券发行上市保荐业务管理 办法》《上海证券交易所科创板股票上市规则》等相关规定，中信证券履行持续 ...

中信证券股份有限公司 关于浙江海盐力源环保科技股份有限公司首次公开发行股票并 上市持续督导保荐总结报告书 | | | | 公司名称 | 浙江海盐力源环保科技股份有限公司（以下简称"力源科技"、 | | --- | --- | | | "公司"） | | 证券代码 | 688565.SH | | 总股本 | 股 151,937,100 | | 注册地址 | 浙江省嘉兴市海盐县武原街道长安北路 号 585 | | 办公地址 | 浙江省嘉兴市海盐县武原街道长安北路 号 585 | | 法定代表人 | 侯俊波 | | 实际控制人 | 沈万中 | | 本次证券发行类型 | 首次公开发行股份 | | 本次证券上市时间 | 年 月 日 2021 5 13 | | 本次证券上市地点 | 上海证券交易所 | 一、发行人基本情况 二、本次发行情况概述 根据中国证券监督管理委员会于 2021 年 4 月 6 日出具的《关于同意浙江海 盐力源环保科技股份有限公司首次公开发行股票注册的批复》（证监许可 [2021]1125 号），公司首次向社会公众公开发行人民币普通股（A 股）2,675.00 万股，每股面值 1 元，每股发行价格为人 ...

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。 浙江海盐力源环保科技股份有限公司 集体业绩说明会暨 2025 年第一季度业绩说明会的公告 证券代码：688565 证券简称：力源科技 公告编号：2025-024 重要内容提示： 关于参加 2024 年度科创板水、固废处理行业 会议召开时间：2025 年 5 月 16 日（星期五）15:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 5 月 9 日（星期五）至 5 月 15 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 psrzqb@psr.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江海盐力源环保科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日、2025 年 4 月 30 日发布公司 2024 年年度报告、 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 49,945,726.11, representing a year-on-year increase of 0.65% compared to CNY 49,621,810.11 in the same period last year[4]. - Net profit attributable to shareholders was CNY 2,887,334.97, a significant increase of 454.20% from CNY 520,987.59 in the previous year[4]. - Basic and diluted earnings per share were both CNY 0.0190, reflecting an increase of 458.82% from CNY 0.0034 in the previous year[4]. - Operating profit for Q1 2025 reached CNY 4,354,118.45, significantly up from CNY 1,421,358.73 in Q1 2024, marking an increase of 206.4%[16]. - Net profit for Q1 2025 was CNY 2,887,334.97, compared to CNY 520,987.59 in Q1 2024, representing a growth of 453.5%[16]. - Total revenue for Q1 2025 was CNY 49,945,726.11, a slight increase of 0.65% compared to CNY 49,621,810.11 in Q1 2024[15]. Cash Flow and Assets - The net cash flow from operating activities was CNY 14,715,924.28, a turnaround from a negative cash flow of CNY -674,599.06 in the same period last year[4]. - Cash flow from operating activities for Q1 2025 was CNY 14,715,924.28, a turnaround from a negative cash flow of CNY -674,599.06 in Q1 2024[18]. - Total cash and cash equivalents at the end of Q1 2025 were CNY 94,276,564.79, compared to CNY 60,240,956.38 at the end of Q1 2024[18]. - The company's cash and cash equivalents decreased to RMB 115,444,805.63 from RMB 125,447,348.68, representing a decline of about 8.0%[12]. - The company's total assets at the end of the reporting period were CNY 906,843,675.98, a decrease of 0.42% from CNY 910,667,585.80 at the end of the previous year[5]. Liabilities and Equity - Total liabilities decreased to RMB 416,188,294.81 from RMB 422,899,539.60, a reduction of about 1.8%[14]. - The equity attributable to shareholders increased to RMB 490,655,381.17 from RMB 487,768,046.20, reflecting a growth of approximately 0.4%[14]. - The company reported a significant increase in contract liabilities to RMB 221,419,907.99 from RMB 198,761,272.97, representing a rise of about 11.4%[13]. Research and Development - Research and development expenses totaled CNY 4,457,299.38, down 22.53% from CNY 5,753,424.44 in the same period last year[4]. - The proportion of R&D expenses to operating revenue decreased to 8.92%, down 2.67 percentage points from 11.59% in the previous year[5]. - Research and development expenses for Q1 2025 were CNY 4,457,299.38, down from CNY 5,753,424.44 in Q1 2024, indicating a decrease of 22.5%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,378, with the top ten shareholders' holdings detailed in the report[10]. - The number of shares held by the largest shareholder, Shen Wanzhong, is 48,482,000, accounting for 31.91% of total shares[11]. - The company has no significant changes in the participation of major shareholders in margin financing and securities lending activities compared to the previous period[12]. Other Income and Expenses - The company reported non-recurring gains of CNY 65,624.16, primarily from government subsidies and asset disposals[6]. - The company reported a significant increase in other income, which rose to CNY 88,184.56 in Q1 2025 from CNY 7,742,069.66 in Q1 2024[16]. - The company incurred credit impairment losses of CNY 6,781,219.65 in Q1 2025, compared to CNY 5,214,749.42 in Q1 2024, reflecting an increase of 30.1%[16].

中信证券股份有限公司 关于浙江海盐力源环保科技股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对浙江海盐力源环保科技股份有限公司（以下简称"力源科技" "公司""上市公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本 持续督导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报 告如下： 一、本次现场检查的基本情况 （一）保荐人 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 中信证券股份有限公司 （二）保荐代表人 胡征源、李嵩 （三）现场检查人员 胡征源 （四）现场检查时间 2025 年 4 月 16 日 1 （六）现场检查手段 本次现场检查的手段主要包括资料查阅、 ...

Financial Performance - In Q1 2025, the company achieved operating revenue of 49.95 million yuan, a year-on-year increase of 0.65% [1] - The net profit attributable to shareholders was 2.89 million yuan, a significant increase of 454.20% year-on-year [1] - The net cash flow from operating activities improved significantly to 14.72 million yuan compared to the same period last year [1] Nuclear Power Business - The company is a leading supplier of condensate water treatment systems for nuclear power plants in China, benefiting from favorable nuclear power policies [2] - The company has participated in major projects using the "Hualong One" nuclear technology, providing critical support for the safe operation of these projects [2] - The recent approval of five nuclear power projects, including eight units using "Hualong One" technology, is expected to drive over 100 billion yuan in market demand for nuclear power equipment [3] Hydrogen Energy Business - The hydrogen energy sector is a strategic emerging business for the company, which has developed key components for hydrogen fuel cells, including membrane electrodes and bipolar plates [4] - The company’s fourth-generation membrane electrode, launched in 2024, has achieved a power density of 2.25 W/cm²@0.6 V, positioning it as a leader in the domestic market [4] - The hydrogen fuel cell system's applications are expanding beyond public transport to include logistics, marine, and drone sectors, aligning with the growth of the low-altitude economy [5]

Financial Performance - The company reported a basic earnings per share of 0.0190 yuan for Q1 2025, a significant increase of 458.82% compared to 0.0034 yuan in Q1 2024, and a recovery from a loss of -0.0228 yuan in Q1 2023 [1] - Net profit for Q1 2025 was 0.03 billion yuan, up 200% from 0.01 billion yuan in Q1 2024, and a recovery from a loss of -0.04 billion yuan in Q1 2023 [1] - The return on equity (ROE) improved to 0.59% in Q1 2025, a substantial increase of 436.36% from 0.11% in Q1 2024, and a recovery from -0.62% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 74.2048 million shares, accounting for 49.57% of the circulating shares, which is a decrease of 4.6576 million shares from the previous period [1] - The largest shareholder, Shen Wanzhong, holds 48.062 million shares, representing 32.10% of the total share capital, with no change in holdings [2] - New entrants to the top ten shareholders include Chen Xiaohui, who holds 2.08 million shares (1.39% of total shares), while Dai Xuerong exited with a decrease of 1.1896 million shares [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

Core Viewpoint - Zhejiang Haiyan Liyuan Environmental Protection Technology Co., Ltd. (referred to as "Liyuan Technology") has shown significant financial improvements in its 2024 annual report, with notable increases in operating cash flow and revenue, while facing challenges in financing activities [1][8]. Financial Performance - Operating revenue for 2024 reached 373,786,224.06 yuan, a 46.58% increase from 255,012,203.33 yuan in the previous year, driven by an increase in completed projects [2]. - The net profit attributable to shareholders was 2,538,931.10 yuan, a turnaround from a loss of 87,842,523.16 yuan in the previous year, marking a 102.89% increase [3]. - The net profit excluding non-recurring items was -27,636,621.54 yuan, an improvement from -88,472,189.64 yuan, indicating a reduction in losses and gradual improvement in operational quality [4]. - Basic earnings per share improved to 0.02 yuan from -0.56 yuan, reflecting enhanced profitability [5]. - The diluted earnings per share excluding non-recurring items was -0.18 yuan, showing a narrowing of losses [6]. Cost Management - Sales expenses decreased by 12.90% to 15,261,961.42 yuan, management expenses fell by 8.73% to 22,143,731.23 yuan, and financial expenses dropped by 27.20% to 4,305,767.56 yuan, indicating effective cost control measures [6]. - Research and development expenses were 19,472,381.53 yuan, down 28.07% from the previous year, although the company continues to advance key R&D projects [6]. Cash Flow Analysis - The net cash flow from operating activities was 56,742,129.85 yuan, a 625.37% increase from 7,822,485.70 yuan, indicating strong cash generation capabilities [7]. - The net cash flow from investing activities improved to -4,886,255.40 yuan from -7,799,356.69 yuan, reflecting better control over investment expenditures [8]. - The net cash flow from financing activities was -29,754,527.01 yuan, a significant decline of 1338.05% from 2,403,329.92 yuan, highlighting increased pressure in financing activities due to higher short-term loan repayments [8]. R&D and Human Resources - The number of R&D personnel decreased to 43 from 56, with their proportion of total employees dropping to 22.99% from 25.57%, yet the company holds 66 authorized patents, including 30 invention patents [7].

2024年度独立董事述职报告（柴斌锋） 作为浙江海盐力源环保科技股份有限公司（以下简称"公司"或"力源科技"） 的独立董事，2024年度我严格按照《公司法》《证券法》《上市公司独立董事管 理办法》《上海证券交易所科创板股票上市规则》《公司章程》《独立董事工作 制度》的相关要求，在履职过程中做到勤勉尽责，积极参加股东大会、董事会和 各专业委员会会议，就有关事项发表独立意见，充分发挥独立董事的作用，切实 维护全体股东尤其是中小股东的合法权益。现将2024年度履职情况报告如下： 浙江海盐力源环保科技股份有限公司 一、独立董事基本情况 （一）个人工作履历、专业背景及兼职情况 柴斌锋：男，1979年出生，中国国籍，无境外永久居留权，毕业于西北农林 科技大学农业经济管理专业，博士研究生学历。2008年6月至2011年6月，任职于 浙江工商大学财务与会计学院；2011年7月至2016年12月，任浙江工商大学财务 与会计学院财务系主任；2017年1月至2021年5月，任浙江工商大学财务与会计学 院竞赛与创新项目主任；2021年5月至2023年8月，任浙江工商大学社会科学部副 部长、社科科学研究院副院长；2023年8月至202 ...

中信证券股份有限公司 关于浙江海盐力源环保科技股份有限公司确认 2024 年度关联交 易并预计 2025 年度日常关联交易的核查报告 中信证券股份有限公司（以下简称"中信证券"）作为浙江海盐力源环保科 技股份有限公司（以下简称"力源科技"或"公司"）首次公开发行并在科创板 上市的持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《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》、《上海证券交易所科 创板股票上市规则》等相关规定，对力源科技确认 2024 年度关联交易并预计 2025 年度日常关联交易的事项进行了核查，并出具核查意见如下： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 公司于 2025 年 4 月 22 日召开董事会独立董事专门会议 2025 年第一次会议， 审议通过了《关于确认2024年度关联交易并预计2025年度日常关联交易的议案》， 全体独立董事对该议案发表了一致同意的意见。独立董事认为：公司与关联方沈 万中、许海珍、浙江嘉诚动能设备有限公司、浙江嘉顺金属结构有限公司之间的 关联担保，系实际控制人及其配偶、实际控制人所控制的企业，为公司实际经营 所需提供 ...