根据华源证券的通知函，原财务顾问主办人刘伟生先生因工作安排调整，不 再负责公司后续的持续督导工作，华源证券委派凌波先生（简历附后）接替刘伟 生先生担任公司的财务顾问主办人并履行后续持续督导责任。 本次独立财务顾问主办人变更后，公司重大资产出售暨关联交易项目的独立 财务顾问主办人为侯建雷先生和凌波先生。 公司对刘伟生先生在本项目持续督导期间所做的工作表示衷心感谢。 特此公告。 证券代码：002778 证券简称：中晟高科 公告编号：2025-040 江苏中晟高科环境股份有限公司 关于变更持续督导独立财务顾问主办人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 江苏中晟高科环境股份有限公司（以下简称"公司"）于 2025 年 9 月 17 日 收到华源证券股份有限公司（以下简称"华源证券"或"独立财务顾问"）发来 的《关于变更江苏中晟高科环境股份有限公司持续督导财务顾问主办人的函》 （以下简称"通知函"）。华源证券作为公司重大资产出售暨关联交易项目的独 立财务顾问，原已委派侯建雷先生和刘伟生先生担任公司重大资产出售暨关联交 易项目的财务顾问主办人，负责公司重 ...

Market Overview - On September 2, the Jiangsu state-owned enterprise reform sector fell by 0.85% compared to the previous trading day, with Lianhuan Pharmaceutical leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Notable gainers in the Jiangsu state-owned enterprise reform sector included: - Huami Environmental Energy (600475) with a closing price of 23.86, up 10.00% [1] - Zhongsheng High-Tech (002778) with a closing price of 20.94, up 5.23% [1] - Nanjing Port (002040) with a closing price of 10.03, up 3.62% [1] - Major decliners included: - Lianhuan Pharmaceutical (600513) with a closing price of 21.96, down 6.63% [2] - Tongxingbao (301339) with a closing price of 16.73, down 4.35% [2] - Nanjing Chemical Fiber (600889) with a closing price of 15.16, down 4.29% [2] Capital Flow - The Jiangsu state-owned enterprise reform sector experienced a net outflow of 720 million yuan from institutional investors, while retail investors saw a net inflow of 409 million yuan [2][3] - The capital flow for specific stocks showed: - Huami Environmental Energy (600475) had a net inflow of 1.421 billion yuan from institutional investors [3] - Jiangsu Jinzhu (002091) had a net inflow of 12.13 million yuan from institutional investors [3] - Nanjing Travel (600250) had a net inflow of 10.72 million yuan from institutional investors [3]

Summary of Key Points Core Viewpoint - The latest movements of private equity mogul Ge Weidong have emerged following the disclosure of A-share listed companies' semi-annual reports for 2025, revealing his significant investments in several companies, particularly in the consumer sector. Group 1: Ge Weidong's Holdings - As of the end of Q2 2025, Ge Weidong appeared as a top ten circulating shareholder in six listed companies, with a total holding value of 3.029 billion yuan [1][2] - His notable holdings include Zhener Technology, Zhaoyi Innovation, and Yiyuan Communication, where he maintained his positions without changes [1][2] - He entered the top ten circulating shareholders of Kuaijishan and Lafang Jiahua for the first time, while also increasing his stake in Zhongsheng High-Tech [1][2] Group 2: Lafang Jiahua - Lafang Jiahua has seen a nearly 97% increase in stock price year-to-date, with Ge Weidong holding 1.59 million shares valued at 36 million yuan, making him the eighth largest circulating shareholder [3][4] - The Ge family collectively holds shares in Lafang Jiahua worth 269 million yuan [3] - The company reported a revenue of 410 million yuan in the first half of the year, a decrease of 4.27% year-on-year, and a net profit of 6.36 million yuan, down 82.89% year-on-year [6] Group 3: Kuaijishan - Kuaijishan's stock has surged over 134% this year, with Ge Weidong holding 4.97 million shares valued at 99 million yuan, making him the eighth largest circulating shareholder [7][9] - The company reported a revenue of 817 million yuan in the first half of the year, an increase of 11.03% year-on-year, and a net profit of 93.88 million yuan, up 3.41% year-on-year [8] Group 4: Zhongsheng High-Tech - Ge Weidong reappeared in Zhongsheng High-Tech's top ten circulating shareholders with 1.2 million shares valued at 22 million yuan [12] - The company reported a revenue of 64.42 million yuan in the first half of the year, a decrease of 73.31% year-on-year, but a net profit of 47.01 million yuan, an increase of 376.2% year-on-year [14]

Group 1 - The core point of the article highlights the investment activities of private equity mogul Ge Weidong, who has emerged as a significant shareholder in several A-share listed companies as of the end of Q2 2025, with a total holding value of 3.029 billion yuan [1] - Ge Weidong maintains his positions in stocks such as Zhaoyi Innovation, Yiyuan Communication, and Zhenlei Technology, with no changes in shareholding [1] - In Q2, Ge Weidong entered the top ten circulating shareholders for Kuaijishan and Lafang Home, indicating a strategic move into consumer stocks, while also increasing his stake in Zhongsheng High-Tech [1] Group 2 - The specific holdings of Ge Weidong as of the end of Q2 2025 include: - Zhaoyi Innovation: 2.369 billion yuan, 1,872,200 shares, unchanged - Yiyuan Communication: 311 million yuan, 362,600 shares, unchanged - Zhenlei Technology: 192 million yuan, 412,190 shares, unchanged - Kuaijishan: 99 million yuan, 497,150 shares, newly entered - Lafang Home: 36 million yuan, 159,000 shares, newly entered - Zhongsheng High-Tech: 22 million yuan, 120,000 shares, increased position [1]

Summary of Key Points Core Viewpoint - The latest holdings of private equity mogul Ge Weidong in A-shares reveal a total investment value of 3.029 billion yuan across six listed companies as of the end of Q2 2025, with notable positions in both technology and consumer sectors [1][2]. Group 1: Holdings Overview - Ge Weidong is a top ten circulating shareholder in six companies, maintaining significant stakes in Zhaoyi Innovation, Yiyuan Communication, and Zhenlei Technology, while also entering the top ten for Kuaijishan and Lafang Cosmetics [1][2]. - The total market value of Ge Weidong's holdings is 3.029 billion yuan, with specific values for each company: Zhaoyi Innovation at 2.369 billion yuan, Yiyuan Communication at 311 million yuan, Zhenlei Technology at 192 million yuan, Kuaijishan at 99 million yuan, Lafang Cosmetics at 36 million yuan, and Zhongsheng High-Tech at 22 million yuan [2]. Group 2: Performance of Lafang Cosmetics - Lafang Cosmetics has seen a significant increase in stock price, rising nearly 97% year-to-date, with a current market price of 26.97 yuan per share and a total market capitalization of 6.1 billion yuan [3][4][7]. - Despite the stock price surge, Lafang Cosmetics reported a decline in revenue of 4.27% year-on-year, with a net profit drop of 82.89% [7]. Group 3: Performance of Kuaijishan - Kuaijishan has experienced a remarkable stock price increase of over 134% this year, with a market price reaching 26.50 yuan per share and a total market capitalization of 12.2 billion yuan [10]. - The company reported a revenue increase of 11.03% year-on-year, with a net profit growth of 3.41% [8][10]. Group 4: Zhongsheng High-Tech - Ge Weidong re-entered the top ten shareholders of Zhongsheng High-Tech, holding 1.2 million shares valued at 22 million yuan, after previously exiting the list [12][14]. - The company reported a significant net profit increase of 376.2% year-on-year, despite a 73.31% decline in revenue [14][15].

Core Viewpoint - The article highlights the recent stock holdings of private equity mogul Ge Weidong, revealing a total investment value of 3.029 billion yuan in six listed companies as of the end of Q2 2025, with notable positions in both technology and consumer sectors [2]. Group 1: Ge Weidong's Holdings - Ge Weidong is a top ten shareholder in six companies, maintaining significant stakes in Zhaoyi Innovation, Yiyuan Communication, and Zhenlei Technology, while also entering the top ten for Kuaijishan and Lafang Cosmetics for the first time [2][3]. - The total market value of Ge Weidong's holdings is 3.029 billion yuan, with Zhaoyi Innovation alone accounting for 2.369 billion yuan [3][4]. - Lafang Cosmetics has seen a remarkable increase of nearly 97% year-to-date, with Ge Weidong's family holding a combined value of 2.69 billion yuan in the company [3][4]. Group 2: Company Performance - Lafang Cosmetics reported a revenue of 410 million yuan in the first half of the year, a decline of 4.27% year-on-year, and a net profit of 6.36 million yuan, down 82.89% [7]. - Kuaijishan, a well-known yellow wine brand, has implemented a "youthful" branding strategy and reported a revenue of 817 million yuan in the first half of the year, an increase of 11.03%, with a net profit of 93.88 million yuan, up 3.41% [9][11]. - Zhongsheng High-Tech, which focuses on environmental services, reported a revenue of 64.42 million yuan, a significant decrease of 73.31%, but a net profit surge of 376.2% to 47.01 million yuan [16][17].

Core Viewpoint - Zhongsheng Gaoke (002778) reported a significant decline in total revenue for the first half of 2025, while achieving a substantial increase in net profit, indicating a shift in financial performance despite lower sales figures [1] Financial Performance Summary - Total revenue for the first half of 2025 was 64.2171 million yuan, a decrease of 73.31% year-on-year [1] - Net profit attributable to shareholders reached 47.0099 million yuan, an increase of 376.2% year-on-year [1] - Gross margin improved to 25.71%, up 141.45% year-on-year, while net margin surged to 80.18%, reflecting a 1953.34% increase [1] - The total of selling, administrative, and financial expenses (three expenses) accounted for 43.29% of total revenue, a rise of 192.3% year-on-year [1] Cash Flow and Asset Management - Cash and cash equivalents increased significantly by 935.74% due to the sale of a subsidiary, resulting in higher bank deposits [2] - Operating cash flow per share rose to 0.38 yuan, a 485.77% increase year-on-year, driven by increased collections from government clients [1][7] - The company reported a 793.15% increase in net cash and cash equivalents, attributed to the sale of the subsidiary [7] Debt and Liabilities - Interest-bearing liabilities decreased by 43.55% to 271 million yuan, reflecting the repayment of loans following the sale of the subsidiary [1][2] - The proportion of short-term borrowings decreased by 91.62% due to loan repayments [5] - The company’s debt situation is concerning, with interest-bearing debt to operating cash flow ratio reaching 44.31% [10] Business Strategy and Future Outlook - Following the divestiture of the lubricating oil business, the company is exploring new business opportunities, particularly in the energy storage sector [11] - The company plans to use its own funds or raise capital to invest in its wholly-owned subsidiary, Jiangsu Zhongsheng Haoteng Energy Technology Co., Ltd., to enter the energy storage market [11]

Group 1 - The company reported a revenue of 64,217,079.68 yuan for the first half of 2025, representing a year-on-year decrease of 73.31% [2] - The net profit attributable to shareholders of the listed company was 47,009,905.42 yuan, showing a significant year-on-year increase of 376.20% [2]

Core Viewpoint - Zhongsheng Gaoke (002778.SZ) reported a significant decline in revenue for the first half of 2025, indicating potential challenges in its business operations [1] Financial Performance - The company achieved operating revenue of 64.2171 million yuan, representing a year-on-year decrease of 73.31% [1] - The net profit attributable to shareholders of the listed company was 47.0099 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 2.983 million yuan [1] - Basic earnings per share were reported at 0.38 yuan [1]

Group 1 - The core point of the article is the announcement by Zhongsheng Gaoke regarding its board meeting and financial performance for 2024, highlighting the revenue composition from different sectors [1] - Zhongsheng Gaoke's revenue for the year 2024 is composed of 62.65% from the petrochemical industry, 36.65% from the environmental protection industry, and 0.7% from other businesses [1] - As of the report, Zhongsheng Gaoke has a market capitalization of 2.3 billion yuan [1] Group 2 - The pet industry is experiencing significant growth, with a market size of 300 billion yuan, leading to a surge in stock prices for related companies [1] - The article mentions the introduction of a smart phone for pets, indicating innovation within the pet industry [1]