Core Viewpoint - The article discusses the significant advancements in the electrolyzer industry, highlighting the shift from quantity competition to a focus on technological depth, which is crucial for improving efficiency, cost, safety, and environmental impact in hydrogen production [2][3]. Summary by Sections Technological Breakthroughs - The electrolyzer industry is witnessing a transition where companies are achieving remarkable technological breakthroughs, such as Blue Star North Chemical's alkaline technology current density surpassing 12000 A/m² and Trina's PEM electrolyzer reducing precious metal usage by 80% [2][3]. New Product Launches - In the first half of 2025, a total of 10 new alkaline electrolyzers and 6 PEM electrolyzers were launched, indicating a strategic shift towards enhancing product performance rather than merely increasing quantity [2][3]. Company Innovations - Sinopec launched a new square alkaline electrolyzer with a hydrogen production capacity of 2000 Nm³/h, featuring smart inspection technology that reduces maintenance costs by 90% [5]. - Trina's new generation alkaline electrolyzer boasts a current density of 4000 A/m² with a direct current consumption of less than 4.3 kWh/Nm³, achieving international first-class energy efficiency [6]. - Liyuan Technology introduced a first-generation alkaline electrolyzer that reduces weight by 40% and enhances operational efficiency through innovative design [7][9]. - Shanghai Electric unveiled a new series of hydrogen production systems capable of high efficiency and easy maintenance [10][11]. Performance Enhancements - The new products are designed to improve hydrogen production efficiency, with several models achieving significant reductions in energy consumption and operational costs, thus enhancing the economic viability of green hydrogen production [3][4]. Market Implications - The advancements in electrolyzer technology are expected to drive the economic viability of the green hydrogen industry, marking a pivotal shift from theoretical potential to practical competitiveness [3].

Core Viewpoint - Zhejiang Haiyan Liyuan Environmental Technology Co., Ltd. plans to repurchase and cancel a total of 2,207,100 restricted stocks due to the failure to meet performance assessment targets for 2024, which affects the release of restrictions on these stocks [1][2][5] Summary by Sections Repurchase and Cancellation Details - The company intends to repurchase 4,200 shares from a departed incentive object and an additional 2,202,900 shares due to unmet performance targets, at a repurchase price of 5.91 yuan per share [1][2] - The total number of shares to be repurchased and canceled is 2,207,100 [2] Performance Assessment Targets - The performance assessment for the third release period required either a net profit growth rate of at least 110% or a revenue growth rate of at least 70% compared to 2021 [2] - The actual performance for 2024 showed a revenue of 374 million yuan and a net profit of 2.5389 million yuan, failing to meet the targets [2] Decision and Disclosure Process - The board of directors and supervisory board approved the repurchase plan in meetings held on October 30, 2024, and April 2025 [2][5] - The company has opened a special account for the repurchase and applied for the transfer of the shares [2] Changes in Share Structure - Following the repurchase, the total share capital will decrease from 151,937,100 shares to 149,730,000 shares, with all restricted shares being canceled [4] - The controlling shareholder, Shen Wanzhong, will see his shareholding percentage increase from 31.91% to 32.10% due to the cancellation of restricted stocks [4][5] Legal Compliance and Commitments - The board assures that the decision-making process and disclosures comply with relevant laws and regulations, and there are no adverse effects on the rights of incentive objects or creditors [5][6] - The company commits to handling any disputes arising from the repurchase and cancellation process [5]

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms the compliance of Zhejiang Haiyan Liyuan Environmental Technology Co., Ltd.'s stock repurchase and cancellation of restricted stocks with relevant laws and regulations [1][8]. Group 1: Approval and Authorization of Repurchase - The company held the 17th meeting of the 4th Board of Directors and the 10th meeting of the 4th Supervisory Board on October 30, 2024, to approve the repurchase and cancellation of restricted stocks [5]. - The company also held the 20th meeting of the 4th Board of Directors and the 13th meeting of the 4th Supervisory Board on April 23, 2025, to approve the repurchase of restricted stocks due to unmet performance indicators [5]. Group 2: Specifics of the Repurchase - The repurchase was necessitated by the departure of an employee, resulting in the cancellation of 4,200 shares of restricted stock, along with an additional 2,202,900 shares due to unmet performance targets [6]. - The total number of shares to be repurchased amounts to 2,207,100 shares [6]. Group 3: Financial Aspects of the Repurchase - The repurchase price is set at 5.91 yuan per share, leading to a total repurchase amount of 13,043,961 yuan, funded entirely by the company's own resources [7]. - The company has established a repurchase account with China Securities Depository and Clearing Corporation Limited and submitted the necessary applications for the cancellation of the restricted stocks [8]. Group 4: Conclusion and Compliance - The legal opinion asserts that the repurchase has obtained the necessary authorizations and approvals, and the procedures, quantity, price, funding sources, and arrangements comply with relevant laws and regulations [8].

证券代码：688565 证券简称：力源科技 公告编号：2025-027 浙江海盐力源环保科技股份有限公司 2022 年限制性股票激励计划部分第一类限制性股票 回购注销实施公告 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： 浙江海盐力源环保科技股份有限公司（以下简称"公司"）拟对 2022 年 限制性股票激励计划中，已离职的 1 名激励对象已获授但尚未解除限售的限制性 股票 4,200 股进行回购注销；鉴于公司 2024 年业绩水平未达业绩考核目标，不 满足解除限售条件，公司拟对激励对象持有的已获授但尚未解除限售的限制性股 票合计 2,202,900 股进行回购注销。上述公司拟回购注销限制性股票合计为 2,207,100 股。 本次注销股份的有关情况 | 解除限售期 | 业绩考核目标 | 未达成情况 | | --- | --- | --- | | 第三个 | 公司满足下列两个条件之一：以 | 经中兴华会计师事务所（特殊普 | | 解除限售期 | 2021 年净利润为基数，2024 | 年净 | 通合伙）审计 ...

上海市锦天城律师事务所 关于浙江海盐力源环保科技股份有限公司 2022 年限制性股票激励计划 回购注销部分限制性股票实施情况的 上海市锦天城律师事务所 关于浙江海盐力源环保科技股份有限公司 2022年限制性股票激励计划 回购注销部分限制性股票实施情况的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 0 上海市锦天城律师事务所 法律意见书 法律意见书 致：浙江海盐力源环保科技股份有限公司 上海市锦天城律师事务所（以下简称"锦天城""本所"）接受浙江海盐力 源环保科技股份有限公司（以下简称"力源科技"或"公司"）的委托，担任力 源科技 2022 年限制性股票激励计划（以下简称"本次激励计划"）的专项法律 顾问。本所根据《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》"）、《上市公司股权激励管理办法》 （以下简称"《管理办法》"）等有关规定以及 2022 年第一次临时股东大会通 过的《浙江海盐力源环保科技股份有限公司 2022 年限制性股票激 ...

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms the compliance of Zhejiang Haiyan Liyuan Environmental Protection Technology Co., Ltd.'s 2024 annual shareholders' meeting with relevant laws and regulations, including the Company Law and Securities Law [1][2][3]. Group 1: Meeting Procedures - The fourth board of directors held its 20th meeting to approve the proposal for the 2024 annual shareholders' meeting [3]. - The notice of the shareholders' meeting was disclosed through designated media, detailing the meeting's time, location, and agenda, with sufficient notice given to shareholders [3][4]. - The actual meeting was held on May 23, 2025, at the specified location, and the procedures followed were in accordance with the Company Law and the company's articles of association [3][4]. Group 2: Attendance and Voting - A total of 37 participants attended the meeting, representing 62,099,564 shares, which is 40.8718% of the total voting shares [5]. - Among the attendees, 8 were shareholders or their agents, and 29 participated via online voting, representing 7,964,812 shares, or 5.2421% of the total voting shares [4][5]. - The voting process combined both on-site and online methods, ensuring the legitimacy of the votes cast [6][12]. Group 3: Resolutions and Voting Results - The resolutions discussed included the 2024 annual report, board and supervisory committee work reports, financial statements, profit distribution plan, and budget for 2025, all of which received overwhelming approval [6][8][10][11]. - For the resolution on the 2024 annual report, 61,937,589 shares voted in favor, accounting for 99.7391% of the valid votes [6]. - The resolution regarding the future three-year dividend plan received 61,952,527 votes in favor, representing 99.7632% of the valid votes [12].

证券代码：688565 证券简称：力源科技 公告编号：2025-026 浙江海盐力源环保科技股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 05 月 23 日 （二） 股东大会召开的地点：浙江省嘉兴市海盐县武原街道长安北路 585 号会 议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 37 | | --- | --- | | 普通股股东人数 | 37 | | 2、出席会议的股东所持有的表决权数量 | 62,099,564 | | 普通股股东所持有表决权数量 | 62,099,564 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 40.8718 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 40.8718 | ...

上海市锦天城律师事务所 关于浙江海盐力源环保科技股份有限公司 2024 年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 楼 电话：021-20511000 传真：021-20511999 法律意见书 致：浙江海盐力源环保科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受浙江海盐力源环保科技 股份有限公司（以下简称"公司"）的委托，根据《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》"）等法 律、法规、规章和规范性文件以及《浙江海盐力源环保科技股份有限公司章程》 （以下简称"《公司章程》"）的相关规定，指派律师列席公司 2024 年度股东大会 （以下简称"本次股东大会"），对本次股东大会相关事项进行见证，并依法出具 本法律意见书。 本法律意见书仅就本次股东大会的召集人资格、召集和召开程序、出席本次 股东大会现场会议人员的资格、表决程序及表决结果发表意见，而不对本次股东 大会所审议的议案内容以及该等议案所表述的相关事实或数据的真实性、准确性、 完整性、合法性发表意见。 本法律意见书仅供公司本次股东大会之 ...

Core Viewpoint - The company has turned a profit in 2024, achieving a total operating revenue of 374 million yuan, a year-on-year increase of 46.58%, and a net profit attributable to shareholders of 2.54 million yuan, marking a turnaround from losses [2] Financial Performance - In the first quarter of 2025, the company reported an operating revenue of 49.95 million yuan, a year-on-year increase of 0.65%, and a net profit attributable to shareholders of 2.89 million yuan, a significant increase of 454.2% [4] - The gross margin for the first quarter was 18.71%, up by 14.37 percentage points year-on-year [4] Market Position and Competitiveness - The company holds a strong market presence in the domestic nuclear and thermal power water treatment sectors, being one of the few suppliers capable of providing condensate water treatment equipment that meets nuclear power plant production requirements [4][6] - By the end of 2024, the company had successfully provided hundreds of water treatment project systems to major energy groups, including China National Nuclear Corporation and China Huaneng Group [4][6] Technological Advancements - The company has developed a fourth-generation membrane electrode with a power density of 2.25 W/cm²@0.6V, which is considered a domestic leader in performance [5] - The company has mastered the high tower method for condensate water treatment, which features unique designs for resin separation and regeneration, addressing issues found in traditional methods [6][7] Strategic Partnerships and Recognition - Long-term collaborations with state-owned enterprises have created customer loyalty and project experience barriers [7] - The company has been recognized as a "National Specialized and Innovative 'Little Giant' Enterprise" and included in the national key equipment catalog, with its technology reaching international advanced levels [7] Research and Development Capabilities - The company has successfully developed high-performance automotive membrane electrodes, corrosion-resistant metal bipolar plates, and fuel cell engine systems, showcasing its multidimensional R&D capabilities [8] - The company has proprietary technologies in various components of hydrogen fuel cells, including low platinum membrane electrode technology and advanced bipolar plate coating technology [8]

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets announced significant updates, providing insights for investors [2] Company Announcements - Wolong Real Estate will change its stock name to "Wolong New Energy" effective May 15, 2025, while the stock code remains unchanged [3] - Ningbo Fuda has terminated its major asset restructuring plans due to a lack of agreement on the final transaction scheme, with no significant impact on its current operations or financial status [4] - Land usage rights for a site in Shanghai will be returned by Shanghai Xiba due to external economic conditions, expected to reduce profits by approximately 36.42 million yuan, which is about 85% of the previous year's audited net profit [7] - Blue Dai Technology plans to acquire an 18% stake in Chongqing Taiguan for 34.11 million yuan, resulting in full ownership of the subsidiary [6] Performance Metrics - China Merchants Shekou reported a sales amount of 14.764 billion yuan in April, with a cumulative sales area of 2.0594 million square meters for the first four months of 2025 [8] - Shoukai Co. achieved a sales amount of 1.46 billion yuan in April, with a 24.92% decrease in sales area compared to the previous month [9] - Tiankang Biological reported a sales revenue of 380 million yuan from pig sales in April, with a 1.06% increase from the previous month [10] - Longyuan Co. reported a sales revenue of 125 million yuan from pig sales in April, with a 14.59% increase from the previous month [11] - New Wufeng sold 408,100 pigs in April, marking a 36.31% year-on-year increase [13] - Guangqi Group's April automobile sales were 116,400 units, a 12.66% year-on-year decline [16] - Jianghuai Automobile reported April sales of 30,764 units, down 3.55% year-on-year [17] - Shunong Development achieved a sales revenue of 1.533 billion yuan in April, a 0.68% year-on-year increase [19] Contracts and Agreements - Fuling Electric plans to sign a contract for an energy management project in Anhui Province, with an estimated investment of 488 million yuan and projected returns of 790 million yuan over eight years [21] - *ST Weihai has been pre-selected for a construction project with a bid of 108 million yuan, which represents 4.33% of its audited revenue for 2024 [22] Shareholder Actions - Liyuan Technology's shareholder plans to reduce holdings by up to 3.04 million shares, representing no more than 2.0008% of total shares [23] - Baoli Food's shareholder intends to reduce holdings by up to 3% of total shares, equating to approximately 12 million shares [24] Share Buybacks - Hongta Securities' chairman proposed a share buyback plan with a total amount between 100 million and 200 million yuan [26]