Revenue and Profitability - Q3 2025 revenue decreased by 71.19% year-on-year to ¥37,345,869.47, and year-to-date revenue decreased by 72.57% to ¥101,562,949.15[5] - Net profit attributable to shareholders increased by 185.84% year-on-year to ¥16,001,940.02, and year-to-date net profit increased by 276.69% to ¥63,011,845.44[5] - Basic and diluted earnings per share rose by 186.67% year-on-year to ¥0.13, with year-to-date earnings per share at ¥0.51, up 275.86%[5] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 157.78% year-on-year to ¥15,436,899.81[5] - Net profit for the current period is ¥76,602,575.67, compared to a net loss of ¥30,435,899.44 in the previous period[20] - Operating profit for the current period is ¥77,352,856.10, a significant improvement from a loss of ¥16,697,073.40 in the previous period[20] - Basic and diluted earnings per share for the current period are both ¥0.51, compared to a loss of ¥0.29 in the previous period[20] Cash Flow and Investments - Operating cash flow net amount for the year-to-date reached ¥94,920,856.76, a significant increase of 1,799.71%[5] - The company's cash and cash equivalents increased by 920.64% to approximately ¥350.71 million due to the sale of its subsidiary in January 2025, resulting in a significant increase in bank deposits[10] - The net cash flow from operating activities increased by 1799.71% to approximately ¥94.92 million, reflecting higher collections from government clients[11] - The company recorded a 26390.07% increase in net cash flow from investing activities to approximately ¥334.87 million, resulting from the recovery of investment funds after the subsidiary sale[11] - Cash flow from operating activities for the current period is ¥94,920,856.76, compared to ¥4,996,588.50 in the previous period[21] - Cash flow from investing activities shows a net inflow of ¥334,873,292.55, compared to a net outflow of ¥1,273,763.32 in the previous period[21] - Cash flow from financing activities resulted in a net outflow of ¥199,772,238.51, compared to a net outflow of ¥51,942,437.69 in the previous period[22] - The ending cash and cash equivalents balance is ¥350,198,502.57, up from ¥58,586,535.34 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥905,011,466.22, down 22.05% from the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 24.92% to ¥315,836,220.12 compared to the end of the previous year[5] - The company's total liabilities decreased significantly, with long-term borrowings down by 31.19% to approximately ¥176.50 million, following repayments[10] - Total liabilities decreased to ¥497,565,343.55 from ¥830,127,135.59, a decline of approximately 40%[18] - The company's equity attributable to shareholders increased to ¥315,836,220.12 from ¥252,824,374.68, representing a growth of about 25%[18] Changes in Financial Position - Accounts receivable decreased by 26.44% to approximately ¥308.04 million, attributed to the recovery of project payments from government clients[10] - The company's short-term borrowings decreased by 91.62% to approximately ¥10.01 million, as part of the repayment of loans following the recovery of investment funds[10] - Inventory increased by 312.91% to approximately ¥33.79 million, attributed to costs associated with unfinished projects[10] - The company’s retained earnings rose by 971.68% to approximately ¥69.50 million, due to increased investment income from the sale of the subsidiary[10] - Deferred tax assets increased to ¥9,272,200.41 from ¥7,704,301.59, an increase of about 20.4%[17] Strategic Developments - The company plans to transfer 22.35% of its shares from a major shareholder, which may lead to a change in control[14] - The company is currently evaluating new strategies for market expansion and product development[14] Operational Performance - Total operating revenue for the current period is ¥101,562,949.15, a decrease of 72.6% compared to ¥370,200,361.22 in the previous period[19] - Total operating costs for the current period are ¥116,419,211.54, down 70.2% from ¥390,641,080.55 in the previous period[19] Non-recurring Items - Non-recurring gains and losses for the reporting period amounted to ¥565,040.21, with year-to-date total non-recurring gains and losses at ¥50,557,924.92[7] - The company did not report any significant non-recurring losses related to asset disposals during the current period[6] - The company has not identified any other non-recurring gains or losses that meet the defined criteria[8] Audit Status - The company has not undergone an audit for the third quarter financial report[23]

Core Points - The company Zhongsheng Gaoke (002778.SZ) has received a notification from Mr. Xu Xiaobin regarding the completion of his share reduction plan [1] - Mr. Xu Xiaobin reduced his holdings by a total of 1,055,000 shares through centralized bidding, which represents 0.85% of the company's current total share capital [1] - The share reduction plan was effective from July 4, 2025, to September 30, 2025, and has now expired [1]

江苏中晟高科环境股份有限公司（以下简称"公司"）于 2025 年 6 月 12 日披露了 《关于股东减持股份预披露公告》（公告编号：2025-027），持有公司股份 6,240,000 股（占公司总股本比例的 5.00%）的股东许晓斌先生计划自上述公告披露之日起 15 个交 易日后的三个月内（即 2025 年 7 月 4 日起至 2025 年 9 月 30 日止）以集中竞价方式减 持公司股份总数不超过 1,247,533 股，合计减持比例不超过公司目前总股本的 1.00%。 公司于 2025 年 7 月 26 日披露了《关于持股 5%以上股东减持至 5%以下暨权益变动 的提示性公告》（公告编号：2025-036），2025 年 7 月 25 日，许晓斌先生通过集中竞 价交易方式减持公司股份 2,400 股，减持比例占公司总股本的 0.0019%。此次减持前， 许晓斌先生持有公司股份的比例为 5.0019%，此次减持后，持股比例为 4.9999%。因其 持股比例下降至 5%以下，不再是公司持股 5%以上股东。 证券代码：002778 证券简称：中晟高科 公告编号：2025-041 江苏中晟高科环境股份有限公司 ...

Core Viewpoint - Zhongsheng High-Tech's stock price has shown a positive trend, with a year-to-date increase of 15.35%, indicating strong market performance and investor interest [1] Financial Performance - For the first half of 2025, Zhongsheng High-Tech reported a revenue of 64.22 million yuan, a significant decrease of 73.31% year-on-year [2] - The net profit attributable to the parent company was 47.01 million yuan, reflecting a substantial increase of 376.20% year-on-year [2] Stock Market Activity - As of September 29, Zhongsheng High-Tech's stock price was 20.14 yuan per share, with a trading volume of 20.60 million yuan and a turnover rate of 0.84% [1] - The company experienced a net inflow of main funds amounting to 2.25 million yuan, with large orders accounting for 20.81% of purchases [1] Shareholder Information - As of June 30, the number of shareholders for Zhongsheng High-Tech reached 11,000, an increase of 13.72% from the previous period [2] - The average circulating shares per person decreased by 12.07% to 11,171 shares [2] Business Overview - Zhongsheng High-Tech specializes in the research, production, and sales of various industrial and automotive lubricants, as well as environmental services [1] - The main revenue sources include 94.87% from wastewater treatment facility operations, 2.29% from environmental engineering, 2.11% from environmental consulting, and 0.74% from energy trading [1]

Group 1 - The company, Zhongsheng Gaoke (002778), announced on September 23 that it is progressing with the share transfer agreement involving its controlling shareholder and related parties, as disclosed in the announcement on July 23, 2025 [1] - The company will continue to monitor the progress of the shareholder share transfer and will fulfill its information disclosure obligations in accordance with relevant laws and regulations [1] - Investors are advised to pay attention to the company's subsequent announcements regarding this matter [1]

Core Viewpoint - Jiangsu Zhongsheng Gaoke Environmental Co., Ltd. has received a notification from Huayuan Securities regarding the change of the lead financial advisor for its major asset sale and related party transaction project [1]. Group 1 - Huayuan Securities has appointed Mr. Ling Bo to replace Mr. Liu Weisheng as the lead financial advisor for the company's major asset sale and related party transaction project due to work arrangement adjustments [1]. - The original financial advisors for the project were Mr. Hou Jianlei and Mr. Liu Weisheng, who were responsible for the ongoing supervision of the project [1]. - The company expresses gratitude to Mr. Liu Weisheng for his contributions during the ongoing supervision period of the project [1]. Group 2 - Mr. Ling Bo is a non-practicing member of the Chinese Institute of Certified Public Accountants and has been involved in investment banking since 2014, participating in various projects including the listing recommendations and bond issuances for multiple companies [3].

Group 1 - The company Zhongsheng Gaoke announced a change in its independent financial advisor for a major asset sale and related transaction project [2] - The new independent financial advisors are Mr. Hou Jianlei and Mr. Ling Bo [2]

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]