Core Viewpoint - China Haisong Engineering Technology Co., Ltd. has approved the use of idle raised funds for cash management, allowing the company to utilize 120 million yuan of idle funds for a period of 12 months, enhancing the efficiency of fund usage and potentially generating returns for the company and its shareholders [1][3]. Group 1: Cash Management Implementation - The company has recently used part of the idle raised funds to purchase safe and liquid principal-protected financial products [1]. - The board of directors and supervisory board have authorized the management to handle related matters and sign necessary documents regarding the cash management [1][5]. Group 2: Risk Analysis and Control Measures - The company acknowledges potential market volatility affecting the investment returns, despite the chosen products being of high safety and liquidity [2]. - Strict adherence to prudent investment principles will be maintained, avoiding investments in stocks, derivatives, and unsecured bonds [2]. - The financial management center will monitor product allocation and project progress, taking timely actions to mitigate risks if necessary [2]. Group 3: Impact on Company Operations - The cash management of idle funds will not affect the normal operation of the company's fundraising projects and will ensure the safety of the raised funds [3]. - This approach is expected to improve the efficiency of fund usage and provide better investment returns for the company and its shareholders [3].

Core Viewpoint - China Haisong Engineering Technology Co., Ltd. has approved the use of part of its idle raised funds for cash management, aiming to enhance the efficiency of fund utilization and provide better returns for the company and its shareholders [1][2]. Group 1: Cash Management Implementation - The company has recently used part of its idle raised funds to purchase cash management products, including two "Seven-Day" principal-protected floating deposit products from Bank of Communications, each with a subscription amount of 250 million yuan and a maturity date of July 25, 2025 [1][4]. - The cash management strategy is designed to ensure the safety of raised funds while not affecting the normal operation of fundraising projects or the company's main business [2][3]. Group 2: Previous Cash Management Activities - In the past twelve months, the company has approved the use of up to 200 million yuan of idle raised funds for cash management, with a rolling usage period of 12 months from the board's approval date [2][3]. - The company has previously disclosed its cash management activities in announcements, ensuring transparency and compliance with regulatory requirements [3][4].

证券代码：002116 证券简称：中国海诚 公告编号：2025-033 中国海诚工程科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 中国海诚工程科技股份有限公司（以下简称"公司"）于 2024 年 10 月 23 日召开第七届董事会第十五次会议、第七届监事会第八次会 议审议通过了《关于使用部分闲置募集资金进行现金管理的议案》， 同意公司在使用前次闲置募集资金进行现金管理到期后，继续使用 1.2 亿元闲置募集资金进行现金管理，期限自董事会审议通过之日起 12 个月，在上述额度内的资金可在使用期限内循环滚动使用，并授权 公司管理层根据实际情况办理相关事宜并签署相关文件。具体内容详 见公司于 2024 年 10 月 25 日在《上海证券报》《证券时报》和巨潮 资讯网上披露的《中国海诚工程科技股份有限公司关于使用部分闲置 募集资金进行现金管理的公告》（公告编号：2024-055）。 现将公司使用部分闲置募集资金进行现金管理的实施进展情况 公告如下： 一、使用部分闲置募集资金进行现金管理的具体情况 | 序 ...

Core Viewpoint - China Haicheng (002116.SZ), a subsidiary of China Light Industry Group, continues to show steady growth, with significant increases in revenue and net profit for the first half of 2025, alongside a strong order backlog and strategic transformation into new energy and materials sectors [2][3]. Financial Performance - In the first half of 2025, China Haicheng achieved operating revenue of 2.745 billion yuan and a net profit of 152 million yuan, marking year-on-year increases of 0.67% and 8.52% respectively, both reaching historical highs for the same period [3]. - For the full year 2024, the company reported operating revenue of 6.821 billion yuan, a 2.54% increase year-on-year, and a net profit of 335 million yuan, up 8.06% [3]. Order and Contract Status - In the first half of 2025, the company signed new contracts worth 4.209 billion yuan, a decrease of 8.93% year-on-year, but maintained a robust order backlog with 143 ongoing projects valued at approximately 8.083 billion yuan as of the end of Q2 2025 [3][4]. Business Segments - The company operates in various sectors, including traditional industries like pulp and paper, food fermentation, and emerging sectors such as energy conservation and green building. In 2024, the engineering contracting business generated 5.045 billion yuan, accounting for 73.96% of total revenue [5][6]. International Expansion - China Haicheng is focusing on international markets, particularly along the Belt and Road Initiative, aiming for overseas business revenue to reach 20%-30% of total revenue in the future [6]. Research and Development - The company has consistently increased its R&D investment, with expenditures rising from 180 million yuan in 2021 to 264 million yuan in 2024, reflecting a commitment to innovation and digital transformation [6]. Financial Health - As of the end of Q1 2025, China Haicheng reported a cash balance of 3.149 billion yuan and a low debt level of 22.9 million yuan, resulting in a debt-to-asset ratio of 58.82%, indicating strong liquidity and financial stability [6]. Shareholder Returns - China Haicheng has a strong track record of returning cash to shareholders, with 19 consecutive years of dividends totaling 1.22 billion yuan, resulting in a payout-to-financing ratio of 199% [7].

Core Points - The meeting of the Compensation and Assessment Committee of China Haisong Engineering Technology Co., Ltd. was held on July 23, 2025, via video conference, with all legal requirements met for the meeting's validity [1] - The committee approved the achievement of conditions for the second unlock period of the initial grant of the stock incentive plan, allowing 69 eligible participants to unlock a total of 3,248,074 shares [1] - The repurchase price for the initial grant of restricted stock was adjusted from 4.81295 CNY/share to 4.50357 CNY/share, and for the reserved grant from 6.91835 CNY/share to 6.60897 CNY/share due to the implementation of the 2024 equity distribution plan [2] Summary by Sections Stock Incentive Plan - The committee recognized that the conditions for the second unlock period of the initial grant of the stock incentive plan had been met, allowing 69 eligible participants to unlock 3,248,074 shares [1] - The first unlock period conditions for the reserved grant were also achieved, allowing for necessary procedures for unlocking to be completed for eligible participants [1] Repurchase and Adjustment - The repurchase price for the initial grant of restricted stock was adjusted to 4.50357 CNY/share, while the reserved grant price was adjusted to 6.60897 CNY/share [2] - The company will repurchase and cancel 98,141 shares of restricted stock from initial grant participants and 14,183 shares from reserved grant participants due to unmet unlock conditions [2] - Additionally, 149,885 shares will be repurchased from two participants who no longer qualify due to job changes or retirement, at a price of 4.50357 CNY/share plus interest [2]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on August 11, 2025, at 2:00 PM in Shanghai [1][2] - The meeting will be conducted through a combination of on-site voting and online voting [1][2] - The record date for shareholders to participate is August 6, 2025 [2] Attendees - Shareholders registered with China Securities Depository and Clearing Corporation Limited as of the record date can attend [2] - Company directors, candidates for directors, supervisors, and senior management will also be present [2] Agenda Items - The meeting will discuss a proposal regarding the repurchase and cancellation of certain granted but unvested restricted stocks [2][3] - There will be cumulative voting proposals for the election of directors [2][3] Voting Procedures - Shareholders can vote either in person or online, with the first valid vote being counted in case of duplicate votes [2][4] - Online voting will be available through the Shenzhen Stock Exchange trading system and an internet voting platform [4][6] - Specific voting codes and procedures for both cumulative and non-cumulative voting are provided [4][5] Additional Information - Shareholders are responsible for their own travel and accommodation expenses [6] - Contact information for inquiries regarding the meeting is provided [6]

Core Points - The company has approved the second unlock period for the initial grant of the restricted stock incentive plan, allowing 69 eligible participants to unlock 3,248,074 shares [1] - The first unlock period for the reserved grant of the restricted stock incentive plan has also been achieved, allowing 10 eligible participants to unlock 375,316 shares [1] - The repurchase price for the initial grant of restricted stock has been adjusted from 4.81295 CNY/share to 4.50357 CNY/share, and for the reserved grant from 6.91835 CNY/share to 6.60897 CNY/share due to the implementation of the 2024 equity distribution plan [2] - The company will repurchase and cancel a total of 98,141 shares from the initial grant and 14,183 shares from the reserved grant that have not met the unlocking conditions [3] - The repurchase will not affect the implementation of the incentive plan and will not have a significant impact on the company's operating performance [3] Summary by Sections Restricted Stock Incentive Plan - The second unlock conditions for the initial grant have been met, allowing 69 participants to unlock 3,248,074 shares [1] - The first unlock conditions for the reserved grant have been met, allowing 10 participants to unlock 375,316 shares [1] Repurchase and Price Adjustment - The repurchase price for the initial grant has been adjusted to 4.50357 CNY/share and for the reserved grant to 6.60897 CNY/share [2] - The company will repurchase 98,141 shares from the initial grant and 14,183 shares from the reserved grant that have not met unlocking conditions [3] Impact on Company - The repurchase will not affect the incentive plan's implementation and will not significantly impact the company's performance [3]

Core Viewpoint - The legal opinion letter from Grandall Law Firm confirms that China Haisong Engineering Technology Co., Ltd. has obtained necessary approvals for adjustments to its 2022 restricted stock incentive plan, including changes to repurchase prices, repurchase and cancellation of certain restricted stocks, and conditions for lifting restrictions on stock sales [1][21]. Group 1: Legal Framework and Approvals - The law firm conducted a thorough review based on relevant laws and regulations, ensuring the accuracy and completeness of the facts presented in the legal opinion [2][3]. - The company has provided all necessary original documents and materials for the issuance of the legal opinion, confirming no omissions or falsehoods [3]. - The legal opinion is intended solely for the purpose of the adjustments to the repurchase price, repurchase and cancellation of restricted stocks, and lifting of restrictions [3][21]. Group 2: Incentive Plan Details - The 2022 restricted stock incentive plan was approved by the company's board and received the necessary consent from the State-owned Assets Supervision and Administration Commission [4][5]. - The initial repurchase price for the first grant of restricted stocks was set at 5.26 yuan per share, while the reserved grant was set at 7.18 yuan per share [9]. - Adjustments to the repurchase prices were made, with the new prices set at 4.81295 yuan per share for the first grant and 6.91835 yuan per share for the reserved grant [9]. Group 3: Repurchase and Cancellation - The company plans to repurchase and cancel 98,141 shares of restricted stocks at a price of 4.50357 yuan per share, and 14,183 shares at a price of 6.60897 yuan per share due to unmet conditions for lifting restrictions [10][11]. - The total number of shares to be repurchased and canceled amounts to 262,209 shares, funded by the company's own resources [11][21]. Group 4: Lifting of Restrictions - The conditions for lifting restrictions on the second phase of the first grant of restricted stocks have been met, with the lifting period set to end on December 29, 2025 [12][21]. - The performance targets for lifting restrictions include a net asset return rate of no less than 11.09% and a compound growth rate of operating profit of no less than 10.88% by 2024 [14][18]. - The company has achieved a net asset return rate of 17.95% and a compound growth rate of operating profit of 31.27% for 2024, exceeding the set targets [14][18].

Core Viewpoint - The announcement details the completion of the second unlock period for the initial grant of the 2022 restricted stock incentive plan and the first unlock period for the reserved grant, allowing eligible participants to unlock a total of 3,623,390 shares, which represents 0.78% of the company's total share capital [1][21]. Summary by Sections Incentive Plan Details - The company has approved the unlocking conditions for the second unlock period of the initial grant and the first unlock period of the reserved grant, allowing 69 eligible participants to unlock 3,248,074 shares and 10 participants to unlock 375,316 shares respectively [2][21]. Approval Process - The company followed the necessary approval procedures, including board meetings and independent director opinions, to ensure compliance with the relevant regulations and the incentive plan [2][3][4]. Performance Conditions - The performance conditions for the second unlock period were met, including no negative audit opinions and achieving a compound growth rate in operating profit of at least 10.88% for 2024, with a target operating profit of 377.77 million yuan [8][10][19]. Unlocking Conditions - The unlocking conditions for the reserved grant were also met, with the first unlock period set to expire on October 30, 2025, allowing 10 participants to unlock 375,316 shares [11][17]. Changes in Incentive Plan - Adjustments to the incentive plan were made due to changes in the number of eligible participants and share repurchase prices, reflecting the company's ongoing compliance with regulations and shareholder interests [17][18][19]. Monitoring and Legal Compliance - The supervisory board confirmed that the unlocking of restricted stocks complies with relevant laws and regulations, ensuring no harm to the company or shareholders [21].

Group 1 - The announcement details a capital increase by China Haisong Wuhan Company to its affiliate, Haisong Wuhan Real Estate Company, through a cash injection, with both parties contributing equally [1][8] - The registered capital of Haisong Wuhan Real Estate Company will increase from 16,700 million RMB to 19,945 million RMB, maintaining a 50% ownership stake for both China Haisong Wuhan Company and Poly Development Wuhan Company [8][7] - The transaction is classified as a related party transaction, as Poly Development Wuhan Company is a wholly-owned subsidiary of Poly Development Holdings Group, which is controlled by China Poly Group [1][4] Group 2 - The independent directors of the company held a special meeting to review the related party transaction, concluding that it aligns with the actual funding needs for the construction of the office building and does not harm the interests of minority shareholders [6][8] - Financial data for China Haisong Wuhan Company shows total assets of 46,090.91 million RMB and net assets of 19,771.07 million RMB as of December 31, 2024, with a net profit of 4,557.81 million RMB for the same period [3][4] - Poly Development Wuhan Company reported total assets of 1,547,504.56 million RMB and a net loss of 13,101.73 million RMB for the year ending December 31, 2024 [4][5]