Group 1 - The stock price of Qingxin Environment as of July 29, 2025, is 4.08 yuan, representing a decrease of 0.73% compared to the previous trading day [1] - The trading volume on the same day was 110,316 hands, with a transaction amount of 0.45 billion yuan [1] - Qingxin Environment specializes in the environmental protection sector, focusing on air pollution control, water pollution treatment, and solid waste management [1] Group 2 - As of July 18, 2025, the number of shareholders for Qingxin Environment is 45,638, a decrease of 2,049 shareholders, reflecting a decline of 4.30% [1] - The number of shares held by the Shenzhen Stock Connect is 5.8935 million, accounting for 0.41% of the circulating share capital [1] - On July 29, the net outflow of main funds for Qingxin Environment was 8.5281 million yuan, which is 0.15% of the market capitalization [1]

Core Points - The company, Qingxin Environment (002573), reported that as of July 18, 2025, the number of shareholders is 45,638 [1]

Industry Overview - Flue gas purification equipment is essential for air pollution control, including dust removal, desulfurization, denitrification, and VOCs treatment, widely used in power, metallurgy, and chemical industries [1][2] - The market size of the flue gas purification industry reached 125.8 billion yuan in 2023, expected to grow to 140 billion yuan by 2025, with a compound annual growth rate of 6-8% [1][10] - The industry is undergoing significant transformation, with a shift towards high-efficiency technologies, full industry chain services, and a focus on non-electric sectors [1][10] Technological Development - Major technical routes in China's flue gas purification include electrostatic dust removal, wet desulfurization, SCR denitrification, and VOCs catalytic combustion, each with its advantages and limitations [4][5] - The industry is moving from single pollutant control to collaborative governance and intelligent operation, with innovations like low-temperature electrostatic dust removal and wet electrostatic dust removal being promoted [4][10] Policy Environment - The industry is benefiting from a series of government policies aimed at promoting high-quality development in environmental protection equipment manufacturing, setting clear energy-saving and emission reduction targets [6][7] - Policies include tax incentives, green credit support, and guidelines for equipment updates and technological transformations in key industrial sectors [6][7] Market Structure - The flue gas purification equipment industry has a complete supply chain, with upstream materials like steel and catalysts, midstream equipment manufacturing, and downstream applications primarily in the power sector [9][10] - The market exhibits a multi-tiered competitive landscape, with leading companies like Longking Environmental and Qingxin Environment dominating the mainstream market, while mid-sized and small companies focus on niche segments [14][16] Competitive Landscape - The industry is characterized by a "multi-level, differentiated" competition structure, with top-tier companies leveraging full industry chain layouts and technological advantages [14][16] - Longking Environmental leads the market with a comprehensive approach, while companies like Fida Environmental and Yuanda Environmental focus on specific segments through differentiated technologies [14][16] Future Trends - The industry is transitioning towards non-electric sectors and emerging markets, with steel, cement, and waste incineration becoming key growth areas [19][20] - Carbon capture technologies are accelerating commercialization, pushing the industry towards "zero carbon" transformation [20][21] - Integration of AI and 5G technologies is fostering "one-stop" governance solutions, enhancing operational efficiency and reducing costs [22]

Contract Signing Situation - The company signed an EPC contract with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited for the Ampara D Power Plant (2x500MW) in September 2019, with a contract value of approximately 480 million RMB [1] Contract Progress - Due to force majeure factors and visa issues, the project has been delayed, and the company has issued delay letters to the client [2] - Following a new policy from the Indian Ministry of Environment, Forest and Climate Change, the project completion timeline has been extended from the end of 2025 to the end of 2028, leading to a decrease in the client's willingness to proceed with the project [2] - The client has unilaterally sent a contract termination notice and initiated a guarantee payment request, resulting in a total payment of 55,879,978.17 RMB by HSBC and Bank of China [2] Impact on the Company - The guarantee payment is expected to pose operational loss risks for the company, which is actively communicating with the client regarding the contract termination and the legality of the guarantee payment [2] - The company is consulting with international law firms to protect its legal rights and minimize project loss risks [2]

证券代码：002573 证券简称：清新环境 公告编号：2025-042 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、合同签署情况 北京清新环境技术股份有限公司（以下简称"公司"）于 2019 年 9 月与 Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited（UPRVUNL）印度北方邦电力有限公司 （以下简称"印度北方邦电力"）签署的《印度北方邦安帕拉 D 电厂（2x500MW）机 组烟气脱硫系统包 EPC 总承包合同》，负责 2 台 500MW 机组的石灰石湿法烟气脱硫 系统 EPC 总承包，包括：设计、工程设计、制造、供货、施工、安装、调试等内容， 合同金额约 4.8 亿元人民币（EPC 总承包合同金额，含进口关税 10%以及印度增值税 18%）。具体内容详见公司于 2019 年 9 月 27 日在巨潮资讯网披露的《关于签署日常经 营合同的公告》（公告编号：2019-062）。 二、合同进展 在项目执行过程中，由于部分不可抗力因素以及印度签证问题，公司与印度北方 邦电力达成共识，项目根据实际进度进行延期， ...

Beijing Sound Environment Technology Co., Ltd. 2025 Half-Year Performance Forecast [Expected Performance for the Current Period](index=1&type=section&id=Item%201.%20Expected%20Performance%20for%20the%20Current%20Period) The company forecasts a substantial decline in H1 2025 net profit, with attributable net profit expected to drop **77.61% to 83.21%** Key Financial Performance Indicators | Item | Current Reporting Period | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | **Profit: 12.00 million – 16.00 million yuan** | Profit: 71.4563 million yuan | | | Year-on-year decrease: 77.61%-83.21% | | | **Net Profit After Deducting Non-Recurring Gains and Losses** | **Profit: 1.00 million – 5.00 million yuan** | Profit: 58.5124 million yuan | | | Year-on-year decrease: 91.45%-98.29% | | | **Basic Earnings Per Share** | **Profit: 0.0085 – 0.0114 yuan/share** | Profit: 0.0509 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=Item%202.%20Communication%20with%20Accounting%20Firm) The company explicitly states that the financial data in this performance forecast is a preliminary internal estimate and has not been audited by an accounting firm - The financial data related to this performance forecast has not been audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Item%203.%20Explanation%20of%20Performance%20Changes) Performance decline is primarily due to challenges across core businesses, leading to lower gross profit margins from reduced power generation, tighter government budgets, and commodity price volatility - Key reasons for performance decline and gross profit margin reduction include: - Atmospheric business: Lower power generation - Water treatment business: Reduced government budgets - Resource utilization business: Commodity price fluctuations[5](index=5&type=chunk) [Risk Warning](index=1&type=section&id=Item%204.%20Risk%20Warning) The company advises investors that this performance forecast is a preliminary estimate, with final accurate financial data subject to the official 2025 half-year report, urging caution regarding investment risks - This performance forecast is a preliminary estimate, with final data subject to the 2025 half-year report, reminding investors to be aware of investment risks[6](index=6&type=chunk)

Group 1 - The company, Beijing Qingxin Environment Technology Co., Ltd., has approved the proposal to apply for the registration and issuance of medium-term notes amounting to no more than 2 billion RMB [1] - The registration for the medium-term notes has been accepted, with a total registered amount of 2 billion RMB, valid for 2 years from the date of the acceptance notice [1] - The company plans to issue medium-term notes in phases within the registration validity period [1] Group 2 - The first phase of the medium-term notes for the year 2025, categorized as green technology innovation bonds, was publicly issued on June 12, 2025, with an issuance amount of 300 million RMB and a term of 3 years at an interest rate of 2.3% [2] - The lead underwriter for the issuance is Bank of Communications Co., Ltd., with China Minsheng Banking Corp., Ltd. and CITIC Securities Co., Ltd. acting as co-underwriters [2] - Relevant documents regarding the issuance of the medium-term notes can be found on the China Money website and the Shanghai Clearing House website [2]

2025年3月13日，公司收到中国银行间市场交易商协会（以下简称"交易商协会"） 签发的《接受注册通知书》（中市协注〔2025〕MTN211号），接受公司中期票据注册， 注册金额为20亿元，注册额度自通知书落款之日起2年内有效，公司在注册有效期内可 分期发行中期票据。具体内容详见公司于2025年3月14日刊登在《证券时报》《中国证 券报》《证券日报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn）上的《关于中 期票据获准注册的公告》（公告编号：2025-013）。 二、本次中期票据发行情况 北京清新环境技术股份有限公司 关于中期票据发行情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 北京清新环境技术股份有限公司（以下简称"公司"）分别于2024年11月25日召开的 第六届董事会第十五次会议和2025年1月24日召开的2025年第一次临时股东大会审议通 过了《关于拟申请注册发行中期票据的议案》，同意公司向中国银行间市场交易商协会 申请注册发行不超过人民币20亿元（含20亿元）中期票据。具体内容详见公司于2024年 11月26日刊登在《 ...

Industry Overview - Air pollution control equipment refers to machinery, devices, systems, or technologies used to reduce, control, or eliminate air pollutant emissions, aimed at improving air quality and protecting human health and the ecological environment [1][2] - In 2024, the production of air pollution control equipment in China is projected to reach 414,000 sets [8] - The industry is expected to develop in the direction of "high-end technology, comprehensive services, and global markets" [20] Market Dynamics - Approximately 70% of cities in China do not meet the new air quality standards, particularly in regions like Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta, where smog pollution is severe [4] - The market size for air pollution control equipment is estimated to be around 210 billion yuan in 2024 [4] Government Policies - The Chinese government has implemented various policies to combat air pollution, including the "Air Quality Continuous Improvement Action Plan" and the "Comprehensive Governance Action Plan for Air Pollution in the Beijing-Tianjin-Hebei Region and Surrounding Areas for Autumn and Winter 2023-2024" [4][6] - These policies create favorable development opportunities for the air pollution control equipment industry [4] Industry Chain - The upstream of the air pollution control equipment industry includes raw materials such as steel, ceramics, and activated carbon, as well as core components like pulse valves and quality flow meters [10] - The downstream applications primarily involve industries such as petrochemicals, metallurgy, electricity, pharmaceuticals, and building materials [10] Competitive Landscape - The air pollution control equipment industry in China is characterized by intense competition with a diverse range of players, including large state-owned enterprises, private companies, and foreign firms [14] - Major companies in the industry include China Energy Conservation and Environmental Protection Group, Beijing Qingxin Environment, Longking Environmental Protection, and Fida Environmental Protection [14][16] Key Companies - Longking Environmental Protection reported a revenue of 4.966 billion yuan from dust removal equipment and related services in 2024, an increase of 244 million yuan from 2023 [16] - Fida Environmental Protection achieved a revenue of 1.793 billion yuan from dust removal equipment, an increase of 88 million yuan from 2023 [18] Future Trends - The air pollution control equipment industry is expected to face higher demands for pollution reduction and air quality improvement as industrialization and urbanization continue [20]

Core Viewpoint - Qingxin Environment has received approval from the China Securities Regulatory Commission (CSRC) for a specific stock issuance, which is valid for 12 months from May 30, 2024, but the previous approval has expired due to failure to implement the issuance within the valid period [1][2]. Group 1: Stock Issuance Details - The total amount to be raised from the stock issuance is not more than 272 million yuan, which will be used for hazardous waste disposal projects, air pollution control projects, working capital, and repaying bank loans [2]. - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, financial companies, insurance institutions, and qualified foreign institutional investors [2]. - The pricing benchmark for the issuance will be set at 80% of the average trading price of the company's stock over the 20 trading days prior to the issuance date [2]. Group 2: Financial Performance - For the fiscal year 2024, Qingxin Environment reported total revenue of 8.716 billion yuan, a year-on-year increase of 1.18% [3][4]. - The net profit attributable to shareholders was -378 million yuan, a significant decline of 396.95% compared to the previous year's profit of 127 million yuan [3][4]. - The net profit after excluding non-recurring gains and losses was -411 million yuan, a decrease of 1,015.28% from the previous year's figure of approximately 44.9 million yuan [3][4]. - The net cash flow from operating activities was 1.492 billion yuan, reflecting a 70.11% increase compared to the previous year [3][4].