Core Insights - The dust filter bag industry in China is experiencing steady growth, driven by increasing industrial pollution control and air quality improvement policies, with market size projected to grow from 3.986 billion yuan in 2015 to 11.865 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 12.88% [1][8] - The global dust filter bag market is also expanding, with market size expected to rise from 3.2 billion USD in 2015 to 6.8 billion USD in 2024, reflecting a CAGR of 8.74% [8] Industry Overview - Dust filter bags are essential components in industrial dust removal, made from high-temperature and corrosion-resistant fibers, achieving a dust removal efficiency of up to 98.99% [3][8] - The industry has evolved through four stages: initial awareness in the early 20th century, widespread adoption in the 1950s-60s, rapid development from the 1980s to early 21st century, and modern applications since the 21st century [5][6] Market Dynamics - The dust filter bag market is expected to continue growing due to ongoing ultra-low emission transformations in key industries such as steel, cement, and electricity, as well as the release of environmental governance demands in non-electric sectors [1][8] - The upstream supply chain includes raw materials like cellulose, polyester, and polypropylene, while the downstream applications span various industries including power, steel, cement, and chemicals [6] Competitive Landscape - The Chinese dust filter bag industry features numerous players with relatively low market concentration, including key companies like Jiangsu Dongfang Filter Bag Co., Ltd., Zhejiang Yanpai Filter Technology Co., Ltd., and Xiamen Zhongchuang Environmental Protection Technology Co., Ltd. [2][9] - Despite some leading companies having advantages in brand influence and technology, the market remains fragmented with many small to medium-sized enterprises participating [9] Future Trends - The industry is expected to focus on high efficiency, with advancements in filter materials and the integration of IoT technology for predictive maintenance [12] - Environmental considerations are shifting towards a lifecycle approach, emphasizing the use of green materials and the development of multifunctional filter bags [13] - Economic strategies will prioritize lifecycle cost reduction through technological innovation rather than mere price competition, with a shift towards service-based business models [15]

Core Insights - The PVDF concept sector saw an increase of 2.76%, ranking 9th among concept sectors, with 14 stocks rising, including Duofluor and Juhua, which rose by 9.98% and 7.99% respectively [1][2] Sector Performance - The top-performing sectors today included: - Zinc: +3.68% - Nickel: +3.65% - Lead: +3.61% - PVDF: +2.76% [2] Capital Flow - The PVDF sector experienced a net inflow of 649 million yuan, with 9 stocks receiving net inflows, and 6 stocks exceeding 10 million yuan in net inflow. Duofluor led with a net inflow of 497 million yuan [2][3] - The net inflow ratios for leading stocks were: - Duofluor: 46.70% - Juhua: 6.71% - Huayicong: 8.27% [3] Stock Performance - Key stocks in the PVDF sector included: - Duofluor: +9.98%, turnover rate 5.11%, net inflow 496.63 million yuan, net inflow ratio 46.70% - Juhua: +7.99%, turnover rate 2.66%, net inflow 184.03 million yuan, net inflow ratio 6.71% - Huayicong: +6.47%, turnover rate 9.80%, net inflow 51.76 million yuan, net inflow ratio 8.27% [3][4]

Core Viewpoint - Xiamen Zhongchuang Environmental Protection Technology Co., Ltd. is facing significant financial challenges, including declining revenue and continuous losses, which have raised market concerns [1][2][3]. Financial Performance - The company's operating revenue has decreased from 1,142.04 million yuan in 2021 to 466.01 million yuan in 2024, with 157.28 million yuan reported for the first half of 2025 [1]. - The net profit attributable to the parent company, excluding non-recurring gains and losses, has shown negative figures from 394.55 million yuan in 2021 to 16.83 million yuan in the first half of 2025 [1]. - The gross margin for non-ferrous metal materials has declined sharply from 9.27% in 2021 to -74.24% in 2024, with -37.54% reported for the first half of 2025 [1]. Cash Flow and Liabilities - The net cash flow from operating activities has decreased significantly, showing values of 51.24 million yuan in 2021, 42.04 million yuan in 2022, and negative figures in subsequent years, reaching -97.11 million yuan in the first half of 2025 [2]. - As of the end of the reporting period, total liabilities amounted to 724.97 million yuan, with a debt-to-asset ratio of 73.84% and cash holdings of 30.72 million yuan [2]. Customer and Supplier Dynamics - The company has experienced frequent changes among its top five customers, with some overlap between customers and suppliers [2]. Business Strategy and Measures - To improve performance, the company is focusing on the environmental services sector and implementing a "growth through internal and external means" strategy [3]. - The company plans to raise up to 50 million yuan through a targeted stock issuance to enhance liquidity and repay bank loans [3]. - Efforts are being made to integrate and upgrade business operations, improve cost control, and resolve litigation issues [3]. Market Conditions and Competition - The company attributes its performance decline to intense industry competition, with specific challenges in its non-ferrous metal materials and filtration materials businesses [2][3]. - Despite some signs of performance improvement, ongoing issues such as the suspension of production at Jiangxi Naihwa may impact future results [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 中创环保（300056）于9月25日发布提示性公告，分别就深交所出具的《关于厦门中创环保科技股份有 限公司申请向特定对象发行股票的审核问询函》及《关于厦门中创环保科技股份有限公司申请向特定对 象发行股票的第二轮审核问询函》进行了回复。公司与中介机构按照问询函要求，对相关问题逐项说 明，并修订了《厦门中创环保科技股份有限公司2024年度向特定对象发行股票募集说明书》等申请文 件。 此外，鉴于2025年半年度报告已公开披露，公司会同中介机构对募集说明书等申请文件中涉及的财务数 据等内容进行了相应更新。相关文件均在 ...

Core Viewpoint - Xiamen Zhongchuang Environmental Protection Technology Co., Ltd. is facing declining operating performance and ongoing losses, prompting the company to seek capital through a specific stock issuance to improve liquidity and address debt issues [1][2]. Group 1: Operating Performance - The company's revenue has been declining year-on-year, with figures of 1,142.04 million yuan in 2021, 1,007.13 million yuan in 2022, 515.13 million yuan in 2023, and 269.12 million yuan in 2024. The net profit attributable to the parent company has also shown significant losses, with figures of -394.55 million yuan, -97.10 million yuan, 155.34 million yuan, and -16.83 million yuan over the same period [2]. - The gross margin for non-ferrous metal materials has decreased sharply, with rates of 9.27%, 4.63%, -23.56%, and -74.24% from 2021 to 2024, indicating a severe decline [2]. - The company attributes its performance decline to insufficient production capacity due to funding constraints, intense market competition leading to price drops, and the restructuring of its subsidiaries [2]. Group 2: Customer and Supplier Relationships - The top five customers of the company have changed frequently due to business restructuring and the divestment of certain subsidiaries, leading to a reduction in non-ferrous metal materials business and an increase in the proportion of filter materials and sanitation services [3]. - The customer concentration in the filter materials business is low, while the environmental engineering and sanitation services have a high customer concentration but stable relationships. The non-ferrous metal materials business has high customer concentration but lower stability and sustainability [3]. Group 3: Cash Flow - The net cash flow from operating activities has shown a downward trend, with figures of 51.24 million yuan, 42.04 million yuan, -50.35 million yuan, -97.11 million yuan, and -44.38 million yuan from 2021 to the first half of 2025, primarily due to declining revenue and slow receivables collection [4]. - There is a significant discrepancy between operating cash flow and net profit, mainly due to impairment losses on goodwill and fixed assets, as well as litigation compensation affecting net profit but not operating cash flow [4]. Group 4: Debt Situation - The company has faced overdue commercial acceptance bills amounting to 14 million yuan, primarily due to issues with the transfer of notes and bank account problems. As of the response date, 11.19 million yuan has been paid, with 2.81 million yuan pending based on litigation progress [5]. - The overdue debts have not severely impacted the company's operations, and the company plans to use the raised funds to repay bank loans and supplement working capital while actively communicating with financial institutions to alleviate debt pressure [5].

厦门中创环保科技股份有限公司 审计报告 大华审字[2025]0011003667 号 大华会计师事务所(特殊普通合伙) DaHuaCertifiedPublicAccountants (SpecialGeneralPartnership) 6-1-1 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://www.mof.gov.cn）" 进行 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（bttp://www.fkfgcolor）" 进行 厦门中创环保科技股份有限公司 审计报告及财务报表 (2024年1月1日至2024年12月31日止) | 目录 | 页次 | | --- | --- | | 审计报告 | 1-7 | | 已审财务报表 | | | 合并资产负债表 | 1-2 | | 合并利润表 | 3 | | 合并现金流量表 | 4 | | 合并股东权益变动表 | 5-6 | | 母公司资产负债表 | 7-8 | | 母公司利润表 | 9 | | 母公司现金流量表 | 10 | | 母公司股东权益变动表 | 11-12 | | 财务报表附注 | 1-118 | 6-1-2 我们审 ...

关于厦门中创环保科技股份有限公司 向特定对象发行股票的 补充法律意见书（四） 中国﹒厦门 厦禾路 666 号海翼大厦 A 幢 16-18、27 楼 厦门·上海·福州·泉州·龙岩 http://www.tenetlaw.com | | | | | | 福建天衡联合律师事务所是具有中华人民共和国法律执业资格的律师事务所。 根据厦门中创环保科技股份有限公司与福建天衡联合律师事务所签订的专项法律顾 问合同，福建天衡联合律师事务所接受厦门中创环保科技股份有限公司委托，指派 林沈纬律师、张龙翔律师、曹化宇律师作为厦门中创环保科技股份有限公司向特定 对象发行股票事项的专项法律顾问，为厦门中创环保科技股份有限公司本次发行提 供法律服务。 本所律师根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司证券发行注册管理办法》《律师事务所从事证券法律业务管理办法》《律师事务 所证券法律业务执业规则（试行）》和《公开发行证券公司信息披露的编报规则第 12 号——公开发行证券的法律意见书和律师工作报告》等有关法律、行政法规、规 章、规范性文件和中国证监会的有关规定，按照律师行业公认的业务标准、道德规 范和勤勉尽责精神，对发行 ...

太平洋证券股份有限公司 关于 厦门中创环保科技股份有限公司 2024 年度向特定对象发行股票 之 发行保荐书 （2025 年半年报财务数据更新版） 保荐机构（主承销商） 云南省昆明市北京路 926 号同德广场写字楼 31 楼 二〇二五年九月 厦门中创环保科技股份有限公司 发行保荐书 声 明 太平洋证券股份有限公司（以下简称"太平洋证券"或"保荐机构"）接受 厦门中创环保科技股份有限公司（以下简称"发行人"、"中创环保"或"公司"） 的委托，担任其 2024 年度向特定对象发行股票（以下简称"本次发行"、"本 次向特定对象发行"）的保荐机构，保荐机构及其指定的保荐代表人做出如下承 诺： 保荐机构及其指定的保荐代表人根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 中国证券监督管理委员会（以下简称"中国证监会"）《证券发行上市保荐业务 管理办法》《上市公司证券发行注册管理办法》等有关规定，遵照诚实守信、勤 勉尽责的原则，严格按照依法制订的业务规则、行业执业规范和道德准则出具本 发行保荐书，并保证所出具文件内容的真实性、准确性和完整性。 （本发行保荐书中 ...

股票简称：中创环保 股票代码：300056 股票上市地：深圳证券交易所 厦门中创环保科技股份有限公司 2024年度向特定对象发行股票 募集说明书 （2025年半年报财务数据更新版） 保荐机构（主承销商） 云南省昆明市北京路 926 号同德广场写字楼 31 楼 二〇二五年九月 厦门中创环保科技股份有限公司 2024 年度向特定对象发行股票募集说明书 公司声明 1、公司及董事会全体成员保证本募集说明书内容真实、准确、完整，并确 认不存在虚假记载、误导性陈述或重大遗漏。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 2、本募集说明书按照《上市公司证券发行注册管理办法》《公开发行证券的 公司信息披露内容与格式准则第 61 号——上市公司向特定对象发行证券募集说 明书和发行情况报告书》等要求编制。 本募集说明书是公司董事会对本次向特定对象发行股票的说明，任何与之相 反的声明均属不实陈述。 3、中国证监会、深圳证券交易所对本次发行所做的任何决定或意见，均不 表明其对申请文件及所披露信息的真实性、准确性、完整性做出保证，也不表明 其对发行人的盈利能力、投资价值或者对投资者的收益做 ...

关于厦门中创环保科技股份有限公司 申请向特定对象发行股票的审核问询函 关于厦门中创环保科技股份有限公司 申请向特定对象发行股票的审核问询函 有关财务事项的说明 有关财务事项的说明 目录 页次 大华核字[2025]0011009125 号 大 华 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） DaHuaCertifiedPublicAccountants（SpecialGeneralPartnership） 一、 关于厦门中创环保科技股份有限公司申请向 特定对象发行股票的审核问询函有关财务事 项的说明 1-288 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 关于厦门中创环保科技股份有限公司 申请向特定对象发行股票的审核问询函有关财务事项的说明 大华核字[2025]0011009125 号 深圳证券交易所： 由厦门中创环保科技股份有限公司转来的深圳证券交易所《关于厦门中创 环保科技股份有限公司申请向特定对象发行股票的审核问 ...