本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：000803 证券简称：山高环能 公告编号：2024-042 山高环能集团股份有限公司 关于提前归还暂时用于补充流动资金的募集资金的公告 特此公告。 山高环能集团股份有限公司 董 事 会 2024 年 5 月 29 日 山高环能集团股份有限公司（以下简称"公司"）于 2023 年 7 月 24 日召开第 十一届董事会第七次会议及第十一届监事会第四次会议，审议通过了《关于使用 部分闲置募集资金暂时补充流动资金的议案》，同意公司使用部分闲置募集资金 人民币 8,000 万元暂时补充流动资金，用于主营业务相关的生产经营使用，使用 期限自董事会审议批准该议案之日起不超过 12 个月。具体详见公司于 2023 年 7 月 26 日在《中国证券报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn） 披露的《关于使用部分闲置募集资金暂时补充流动资金的公告》（公告编号： 2023-064）。 根据上述决议，公司在使用部分闲置募集资金暂时补充流动资金期间，对资 金进行了合理的安排与使用，资金运用情况良好。 ...

Investment Rating - The report downgrades the company's investment rating to "Recommend" due to ongoing cost pressures and the need for time to finalize the private placement [1][15] Core Views - Despite a significant drop in industrial-grade blended oil prices, the company achieved a 17% year-on-year revenue growth in 2023 [1] - The company's revenue growth was driven by strong performance in industrial and blended oil (+29.41%), heating (+14.15%), and environmental harmless treatment (+85.74%) segments, while energy-saving equipment revenue declined by 65.59% [1] - The company's gross margin decreased by 4.56 percentage points to 14.71% in 2023, with industrial and blended oil and heating segments experiencing margin declines, while environmental harmless treatment and energy-saving equipment segments saw margin improvements [1] - The company's financial expense ratio increased from 4.26% in 2022 to 7.23% in 2023, with absolute financial expenses growing by 99.37%, putting pressure on profitability [1] - The company plans to raise up to RMB 300 million through a private placement, which is expected to help reduce the debt-to-asset ratio and alleviate financial pressure [1] - The domestic biodiesel market is expected to benefit from national and local pilot programs, potentially reversing the current weak domestic demand [1] Financial Performance - The company's revenue in 2023 was RMB 2.101 billion, a 17.34% year-on-year increase, while net profit attributable to shareholders was RMB 8.85 million, a 89.58% year-on-year decline [32] - In Q1 2024, the company's revenue was RMB 416 million, a 38.79% year-on-year decrease, and net profit attributable to shareholders was RMB 8.77 million, a 78.28% year-on-year decline [32] - The company's gross margin is expected to improve from 14.7% in 2023 to 17.0% in 2024, 17.8% in 2025, and 18.1% in 2026 [20] - The company's net profit attributable to shareholders is forecasted to be RMB 51 million in 2024, RMB 111 million in 2025, and RMB 138 million in 2026, representing significant year-on-year growth [20][31] Valuation and Forecast - The company's P/E ratio is expected to decrease from 235x in 2023 to 41x in 2024, 19x in 2025, and 15x in 2026 [20][31] - The company's P/B ratio is forecasted to decline from 1.5x in 2023 to 1.4x in 2024, 1.3x in 2025, and 1.2x in 2026 [31] - The company's EPS is projected to increase from RMB 0.02 in 2023 to RMB 0.11 in 2024, RMB 0.23 in 2025, and RMB 0.29 in 2026 [20][31]

山高环能集团股份有限公司（以下简称"公司"或"山高环能"）及控股子公司 对外担保总额超过最近一期经审计净资产 100%，对资产负债率超过 70%的被担 保对象的担保金额超过公司最近一期经审计净资产 50%。敬请广大投资者充分关 注担保风险。 一、担保情况概述 关于为下属公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 公司下属公司北京新城热力有限公司（以下简称"新城热力"）因经营发展需 要，拟向华夏银行股份有限公司北京运河绿色支行（以下简称"华夏银行"）申请 流动资金贷款，贷款额度不超过5,000万元，贷款期限不超过一年，由公司提供 连带责任保证担保。 特别风险提示: 2024 年 4 月 28 日、2024 年 5 月 21 日公司分别召开了第十一届董事会第十 二次会议与 2023 年年度股东大会，会议审议通过《关于 2024 年度对外担保额度 预计的议案》，同意自公司 2023 年年度股东大会审议通过之日起 12 个月内，为 纳入合并报表范围内下属公司（含新设立或收购的全资和控股下属公司）提供担 保、下属公司为公司提供担保及下属公司之 ...

山高环能集团股份有限公司 章 程 （2024 年 4 月修订，2023 年年度股东大会审议通过） | . | = | | --- | --- | | | اد | | 第一章 总 则 | | | 2 | | --- | --- | --- | --- | | 第二章 公司宗旨和范围 | | | 3 | | 第三章 股 份 | | | 4 | | 第一节 | 股份发行 | | 4 | | 第二节 | 股份增减和回购 | | 4 | | 第三节 | 股份转让 | | 5 | | 第四章 股东和股东大会 | | | 6 | | 第一节 | 股东 | | 6 | | 第二节 | 股东大会的一般规定 | | 8 | | 第三节 | 股东大会的召集 | | 10 | | 第四节 | 股东大会的提案与通知 | | 12 | | 第五节 | 股东大会的召开 | | 13 | | 第六节 | 股东大会的表决和决议 | | 16 | | 第五章 董事会 | | | 19 | | 第一节 | 董事 | | 19 | | 第二节 | 董事会 | | 21 | | 第三节 | 董事会秘书 | | 25 | | 第六章 经理及其他高级管 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于山高环能集团股份有限公司 2023 年年度股东大会的 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 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 关于山高环能集团股份有限公司 2023 年年度股东大会的 1 上海市锦天城律师事务所 法律意见书 鉴此，本所律师根据上述法律、法规、规章及规范性文件的要求，按照律师 行业公认的业务标准、道德规范和勤勉尽责精神，现出具法律意见如下： 一、 本次股东大会召集人资格及召集、召开的程序 1、经核查，公司本次股东大会是由公司第十一届董事会召集召开，本次股 东大会的召集议案已经公司第十一届董事会第十二次会议于 2024 年 4 月 28 日 表决通过。 法律意见书 致：山高环能集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受山高环能集团股份有限公 司 （以下简称"公司"）委托，就公司召开 2023 年年度股东大会（以下简称"本 次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简称《公司法 ...

证券代码：000803 证券简称：山高环能 公告编号：2024-040 山高环能集团股份有限公司 关于为下属公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别风险提示： 山高环能集团股份有限公司（以下简称"公司"或"山高环能"）及控股子公司 对外担保总额超过最近一期经审计净资产 100%，对资产负债率超过 70%的被担 保对象的担保金额超过公司最近一期经审计净资产 50%。敬请广大投资者充分关 注担保风险。 一、担保情况概述 公司下属公司青岛十方生物能源有限公司（以下简称"青岛十方"）因业务需 要，拟与中国光大银行股份有限公司青岛分行（以下简称"光大银行青岛分行"） 签署《综合授信协议》和《流动资金贷款合同》，青岛十方向光大银行青岛分行 申请 1,000 万元流动资金贷款，公司为其提供连带责任保证担保。 2024 年 4 月 28 日、2024 年 5 月 21 日公司分别召开了第十一届董事会第十 二次会议与 2023 年年度股东大会，会议审议通过《关于 2024 年度对外担保额度 预计的议案》，同意自公司 2023 年年度股东大会审 ...

山高环能集团股份有限公司 关于回购注销部分限制性股票减少注册资本暨通知债权人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 山高环能集团股份有限公司（以下简称"公司"）于 2024 年 4 月 28 日、2024 年 5 月 21 日分别召开第十一届董事会第十二次会议、2023 年年度股东大会，审 议通过《关于第二期限制性股票激励计划（第二个解锁期）解锁条件未成就暨回 购注销部分限制性股票的议案》。现公司总股本由 476,696,361 股变更为 470,988,309 股。具体内容详见公司于 2024 年 4 月 30 日在《中国证券报》《上 海证券报》及巨潮资讯网（http://www.cninfo.com.cn）披露的《关于第二期限制 性股票激励计划（第二个解锁期）解锁条件未成就暨回购注销部分限制性股票的 公告》及与本公告同日披露的《2023 年年度股东大会决议公告》。 根据《公司法》等相关法律法规的规定，债权人自接到公司通知之日起 30 日内、未接到通知书的自本公告披露之日起 45 日内，有权凭有效债权文件及相 关凭证要求公司清偿债务或者提供相 ...

证券代码：000803 证券简称：山高环能 公告编号：2024-037 2023年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议召开时间 （1）现场会议召开日期和时间：2024 年 5 月 21 日（星期二）14：00。 （2）网络投票时间：2024 年 5 月 21 日其中： 山高环能集团股份有限公司 ①通过深圳证券交易所交易系统进行网络投票的具体时间为 2024 年 5 月 21 日 9：15 至 9：25、9：30 至 11：30、13：00 至 15：00； ②通过互联网投票系统进行网络投票的具体时间为 2024 年 5 月 21 日 9：15 至 15：00 期间的任意时间。 2、会议召开地点：山东省济南市经十路 9999 号黄金时代广场 D 座 7 层公 司会议室。 3、会议召集人：公司第十一届董事会 4、会议召开方式：现场与网络投票相结合 5、会议主持人：董事长谢欣先生 6、本次股东大会的召集 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[12]. - The company's operating revenue for 2023 was ¥2,101,413,082.72, representing a 17.34% increase compared to ¥1,790,872,297.10 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥8,851,101.26, a significant decrease of 89.58% from ¥84,975,464.13 in 2022[19]. - The basic earnings per share for 2023 was ¥0.02, down 88.89% from ¥0.18 in 2022[20]. - The company's total assets decreased by 3.33% year-on-year, totaling CNY 539,724,750[65]. - The company's net assets attributable to shareholders increased by 1.05% year-on-year, reaching CNY 141,577,100[65]. - The company reported a total revenue of 342.3 million in the latest financial period[106]. - The company reported a net profit of 48,001,458 for the period, with a revenue of 290,125,740, indicating a strong performance in the energy sector[127]. User Growth and Market Expansion - User data indicates a growth in active users, reaching 5 million, which is a 20% increase compared to the previous year[12]. - The company is expanding its market presence, targeting new regions in Southeast Asia, aiming for a 25% increase in market share by 2025[12]. - The company plans to leverage its state-owned parent company's brand and resources to pursue high-quality project acquisitions in the organic waste market, targeting stable and profitable "red apple projects"[130]. Strategic Outlook and Future Projections - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[12]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on renewable energy solutions[12]. - The company anticipates rapid growth in the kitchen waste resource utilization industry, driven by national policies promoting waste classification and treatment facilities[30]. - The company aims to increase the resource utilization rate of urban household waste to approximately 60% by 2025 and 65% by 2030, aligning with national waste reduction and resource utilization goals[128]. Research and Development - Research and development investments have increased by 30%, focusing on innovative technologies in waste management and renewable energy[12]. - The company has developed advanced technologies for kitchen waste treatment, achieving a solid content moisture rate below 65% and an oil extraction rate of 5%-6%[58]. - The number of R&D personnel increased by 2.25% to 91, while the proportion of R&D personnel to total staff decreased by 0.67%[85]. Risk Management and Compliance - The company has outlined key risk factors that may impact future operations, including regulatory changes and market competition[3]. - The management emphasizes the importance of maintaining transparency and accuracy in financial reporting, ensuring compliance with legal responsibilities[3]. - The company has established a risk management system for foreign exchange derivatives to mitigate market and credit risks[110]. Environmental Initiatives - The company is focusing on the dual fields of environmental protection and energy, specifically in the treatment of kitchen waste and the utilization of waste oils[46]. - The company is committed to enhancing its operational capabilities in the kitchen waste resource utilization sector, aligning with national goals for sustainable waste management[30]. - The company has established a robust air and wastewater treatment system to comply with environmental standards[199][200]. Corporate Governance and Management Changes - The company has seen a management turnover, with several key positions changing hands due to personal reasons and work adjustments[147]. - The company is focusing on compliance and governance improvements under the new management team[151]. - The company has implemented a stock repurchase program, resulting in the cancellation of shares to enhance shareholder value[144]. Investment and Financial Strategy - The company plans to continue expanding its capacity through bidding and acquisitions to enhance its operational scale[47]. - The company has made significant equity investments, including a capital increase of ¥160,000,000 in Chinaweide, which is 100% self-funded[103]. - The company has committed to strict investment principles and ongoing monitoring of market conditions to manage investment risks[110]. Operational Efficiency and Technology Development - The company has established a digital solution for the entire kitchen waste collection and transportation process, enhancing operational efficiency and data management[50]. - The company is actively exploring new green technologies, including anaerobic MBR processes and microalgae cultivation, to enhance resource utilization[59]. - The company aims to enhance its business model by extending into the downstream industry chain through deep utilization of resource products and production trials of terminal products from waste oil, targeting a sustainable profit model in the kitchen waste treatment industry[132].

Financial Performance - The company's operating revenue for Q1 2024 was ¥416,414,141.10, a decrease of 38.79% compared to ¥680,277,092.61 in the same period last year[3] - Net profit attributable to shareholders was ¥8,772,491.10, down 78.28% from ¥40,381,143.58 year-on-year[3] - Basic and diluted earnings per share were both ¥0.02, representing an 83.33% decrease from ¥0.12 in the previous year[3] - The company reported a significant decrease in cash received from sales, totaling ¥311,520,947.47, down 50.25% from ¥626,206,697.36 in the previous year[7] - The company experienced a 39.40% reduction in operating costs, which amounted to ¥323,603,293.77 compared to ¥533,970,997.93 last year[7] - Total operating revenue for Q1 2024 was CNY 416,414,141.10, a decrease of 38.7% compared to CNY 680,277,092.61 in the same period last year[15] - Net profit for Q1 2024 was CNY 8,134,078.64, a decline of 80.0% compared to CNY 40,498,708.38 in Q1 2023[16] - The company reported a decrease in sales revenue from CNY 626,206,697.36 to CNY 311,520,947.47, representing a 50.2% decline[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥24,748,449.62, a decline of 169.68% compared to ¥35,518,245.93 in Q1 2023[3] - Cash flow from operating activities showed a net outflow of CNY 24,748,449.62, compared to a net inflow of CNY 35,518,245.93 in the previous year[19] - Cash and cash equivalents decreased to CNY 191,635,741.49 from CNY 252,167,201.75, suggesting tighter liquidity conditions[12] - Cash and cash equivalents at the end of Q1 2024 were CNY 191,635,741.49, down from CNY 273,227,282.39 at the end of Q1 2023[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,384,987,357.83, a slight decrease of 0.23% from ¥5,397,247,479.53 at the end of the previous year[3] - Current assets increased to CNY 886,122,134.81 from CNY 872,023,344.37, primarily driven by an increase in inventory from CNY 49,313,764.58 to CNY 85,248,853.87[12] - Short-term borrowings rose significantly to CNY 666,905,287.04 from CNY 512,936,259.27, indicating increased leverage[13] - The company's total liabilities decreased to CNY 3,935,052,313.45 from CNY 3,955,488,543.74, reflecting a reduction in overall debt levels[13] - The total equity of the company was reported at CNY 1,449,935,044.38, reflecting a decrease from the previous period due to accumulated losses[13] Inventory and Costs - Inventory increased by 72.87% to ¥85,248,853.87, primarily due to an increase in oilseed stock[6] - Total operating costs for Q1 2024 were CNY 389,772,268.89, down 36.8% from CNY 616,151,889.85 year-over-year[15] - The company incurred interest expenses of CNY 28,713,617.40, which increased significantly from CNY 14,857,709.24 year-over-year[15] - Research and development expenses for Q1 2024 were CNY 1,502,072.86, down 25.5% from CNY 2,016,259.98 in the previous year[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,647[8] Other Information - The first quarter report has not been audited[21] - The new accounting standards will be implemented starting in 2024[21] - The financial statement items related to the first year of implementation are applicable[21]