Core Viewpoint - ST Xianhe (300137) reported a slight increase in revenue for Q3 2025, but faced a significant decline in net profit compared to the previous year [1] Financial Performance - The company achieved an operating income of 211 million yuan in Q3 2025, representing a year-on-year growth of 2.08% [1] - The net profit for the same period was -18.93 million yuan, indicating a year-on-year decrease of 42.50% [1]

Core Viewpoint - Hebei Xianhe Environmental Protection Technology Co., Ltd. (stock code: 300137, stock abbreviation: ST Xianhe) has made significant adjustments to its corporate governance structure by abolishing the supervisory board and transferring its powers to the board's audit committee, marking a shift towards a "board-centric" governance model [1][2]. Summary by Relevant Sections Corporate Charter Key Revisions - The revision of the corporate charter includes the removal of the supervisory board and the transfer of its powers to the audit committee, which will now oversee financial reporting and the performance of directors and executives [2]. - The audit committee will consist of three non-executive directors, including two independent directors, with a professional accountant serving as the convener [2]. - New rights for shareholders include access to accounting books and documents, subject to signing a confidentiality agreement [2]. - The responsibilities of the board have been expanded to include the oversight functions previously held by the supervisory board [2]. Governance System Updates - A total of 29 core governance systems have been revised or established to create a "1+N" governance system, including updates to the rules for shareholder meetings and the introduction of new management systems [3]. - Key areas of revision cover decision-making processes, information disclosure, risk control, and related party transactions [3]. - Six of the revised systems will require approval from the shareholders' meeting, while the others will take effect upon approval by the board [3]. Implications of Governance Structure Adjustment - The governance structure adjustment is a response to the new Company Law requirements, aiming to enhance the efficiency of decision-making and strengthen the functions of the board and its committees [3]. - Market analysis suggests that this transformation may improve decision-making efficiency but will also demand higher independence and professionalism from the audit committee [3].

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。 河北先河环保科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第五届董事会第八次会议和第五届监事会第六次会议，审议通过了《关于 聘任 2025 年度审计机构的议案》，同意公司续聘利安达会计师事务所（特殊普通 合伙）（以下简称"利安达会计师事务所"）为公司 2025 年度财务审计和内部控 制审计机构。现将相关情况公告如下： 一、拟续聘会计师事务所事项的情况说明 证券代码：300137 证券简称：ST先河 公告编号：2025-044 河北先河环保科技股份有限公司 关于拟续聘会计师事务所的公告 二、拟续聘会计师事务所的基本情况 （一）机构信息 1、基本信息 名称：利安达会计师事务所（特殊普通合伙） 类型：特殊普通合伙企业 统一社会信用代码：911101050805090096 利安达会计师事务所具备证券、期货相关业务执业资格，具备多年为上市公 司提供审计服务的经验与能力。在担任公司 2024 年度审计机构期间，利安达会 计师事务所恪尽职守，遵循独立、客观、公正的职业准则，认真地完成了公司各 项 ...

河北先河环保科技股份有限公司 证券代码：300137 证券简称：ST先河 公告编号：2025-043 关于修订《公司章程》、修订及制定公司部分治理制度的公告 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。 河北先河环保科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第五届董事会第八次会议，审议通过了《关于修订<公司章程>的议案》《关 于修订及制定公司部分治理制度的议案》。现将相关情况公告如下： 一、《公司章程》修订情况 根据《公司法》《上市公司章程指引》《上市公司股东会规则》《深圳证券交 易所创业板股票上市规则》等相关法律法规、规范性文件的规定，公司将不再设 置监事会和监事，董事会审计委员会行使《公司法》规定的监事会的职权，《监 事会议事规则》相应废止，公司各项制度中涉及监事会、监事的规定不再适用。 公司结合实际情况，对《公司章程》的部分条款进行修订，具体修订内容如下： | 原条款 | 拟修订后条款 | | --- | --- | | 第一条 为维护河北先河环保科技股份有限公司（以 | 第一条 为维护河北先河环保科技股份有限公司 | ...

证券代码：300137 证券简称：ST先河 公告编号：2025-042 河北先河环保科技股份有限公司 河北先河环保科技股份有限公司(以下简称"公司")根据《企业会计准则》、《深 圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》及《深圳证 券交易所上市公司自律监管指南第 1 号—业务办理》等相关规定，将公司 2025 年前 三季度计提资产减值准备具体情况公告如下： 一、计提资产减值准备情况概述 为更加客观、公允地反映公司的财务状况、资产价值及经营情况，根据《企业会 计准则》及公司会计制度的相关规定，本着谨慎性原则，公司对合并报表范围内截至 2025 年 9 月 30 日各类应收票据、应收账款、其他应收款、存货、合同资产、长期股 权投资、无形资产、商誉等相关资产进行全面清查和资产减值测试后，本次计提资产 减值准备（含信用减值准备，下同）31,376,348.87 元，具体情况如下： | 项目 | 本期计提金额 （元） | | --- | --- | | 1、资产减值准备 | -1,602,806.39 | | 其中：合同资产 | -1,602,806.39 | | 2、信用减值准备 | 32, ...

证券代码：300137 证券简称：ST 先河 公告编号：2025-045 河北先河环保科技股份有限公司 关于召开 2025 年第一次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：2025 年第一次临时股东大会 2、股东大会的召集人：董事会 3、本次股东大会会议召集和召开符合有关法律、行政法规、部门规章、规范 性文件和公司章程的规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 18 日 14:45 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 18 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联 网投票系统投票的具体时间为 2025 年 11 月 18 日 9:15 至 15:00 的任意时间。 8、会议地点：石家庄市湘江道 251 号公司会议室 二、会议审议事项 1、本次股东大会提案编码表 | 提案 | 提案名称 | 提案类型 | 备注 | | --- | --- | --- | --- ...

经与会监事认真审议，并经投票表决，提交会议审议的全部议案均获得通过， 会议决议如下： 一、通过《公司 2025 年第三季度报告》 经审核，监事会认为：公司董事会编制和审核的《公司 2025 年第三季度报告》 符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公 司 2025 年前三季度经营的实际情况，不存在任何虚假记载、误导性陈述或者重大遗 漏。 表决情况：3 票赞成，0 票反对，0 票弃权。 证券代码：300137 证券简称：ST先河 公告编号：2025-040 河北先河环保科技股份有限公司 第五届监事会第六次会议决议公告 本公司及监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。 2025 年 10 月 29 日，河北先河环保科技股份有限公司（以下简称"公司"）第 五届监事会第六次会议以现场表决和通讯表决相结合的形式召开。会议通知于 2025 年 10 月 24 日以邮件和电话的方式发出，会议应出席监事 3 人，实际出席会议监事 3 人。会议由监事会主席陈运辉先生主持。会议召集和召开程序，符合《公司法》和 《公司章程》规定。 二、通过《关于聘任 2 ...

河北先河环保科技股份有限公司 第五届董事会第八次会议决议公告 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。 2025 年 10 月 29 日，河北先河环保科技股份有限公司（以下简称"公司"）第 五届董事会第八次会议以现场表决和通讯表决相结合的形式召开。会议通知于 2025 年 10 月 24 日以邮件和电话的方式发出。会议应出席董事 9 名，实际出席会议董事 9 名。公司董事长姚国瑞先生主持会议，监事、高级管理人员列席会议。会议的召集 和召开程序符合《公司法》和《公司章程》的规定。 经会议逐项审议及投票表决，全部议案均获得通过。会议决议如下： 一、通过《公司 2025 年第三季度报告》 同意公司 2025 年第三季度报告。报告详见同日披露于中国证监会创业板信息披 露指定媒体巨潮资讯网上的相关内容。 公司 2025 年第三季度报告中的财务信息已经董事会审计委员会审议通过。 表决情况：9 票赞成，0 票反对，0 票弃权。 证券代码：300137 证券简称：ST先河 公告编号：2025-039 二、通过《关于修订<公司章程>的议案》 根据《公司法》《上市公司章程指 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥210,557,932.40, representing a 2.08% increase year-over-year[5] - The net profit attributable to shareholders was -¥18,926,882.40, a decrease of 42.50% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,888,876.04, an increase of 30.53% year-over-year[5] - Total operating revenue for the current period reached ¥628,279,137.39, an increase from ¥600,025,805.16 in the previous period, representing a growth of approximately 4.2%[23] - Net profit for the current period was ¥6,292,463.82, compared to ¥4,420,550.07 in the previous period, reflecting a significant increase of approximately 42.4%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,004,844,983.48, a decrease of 2.53% from the end of the previous year[5] - The company's total assets decreased to ¥2,004,844,983.48 from ¥2,056,863,377.12, a decline of about 2.5%[21] - Total liabilities decreased to ¥359,971,999.14 from ¥412,122,143.29, showing a reduction of approximately 12.6%[21] Cash Flow - The cash flow from operating activities for the year-to-date was -¥127,608,831.12, a decrease of 23.57% year-over-year[5] - Cash inflow from operating activities totaled CNY 562,353,033.13, down 8.4% from CNY 613,831,428.75 in the prior period[25] - Cash outflow from operating activities was CNY 689,961,864.25, a decrease of 11.6% compared to CNY 780,803,062.60 last year[25] - The net cash flow from operating activities was CNY -127,608,831.12, an improvement from CNY -166,971,633.85 in the previous period[25] - Cash inflow from investment activities was CNY 40,674,160.98, down 63.8% from CNY 112,431,713.25 in the prior period[26] - The net cash flow from investment activities was CNY 29,861,937.93, a decrease of 50.2% compared to CNY 60,019,617.46 last year[26] - Cash outflow from financing activities was CNY 1,777,242.54, a reduction of 54.5% from CNY 3,906,588.93 in the previous period[26] - The ending cash and cash equivalents balance was CNY 356,951,325.56, slightly up from CNY 352,567,771.96 in the prior period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,149[13] - The largest shareholder, Hebei Zhixin Daneng New Energy Technology Co., Ltd., holds 12.94% of shares, totaling 69,455,843 shares[13] - The second-largest shareholder, Cui Fenghua, holds 2.13% of shares, totaling 11,409,877 shares[13] - The total number of shares held by the top 10 unrestricted shareholders is 69,455,843 shares for Hebei Zhixin Daneng New Energy Technology Co., Ltd.[13] Expenses - Research and development expenses for the current period were ¥40,428,409.82, down from ¥45,842,857.42, indicating a decrease of about 11.1%[24] - The company reported a significant increase in sales expenses, which rose to ¥73,566,946.36 from ¥64,933,011.73, an increase of approximately 13.5%[24] Other Financial Metrics - The weighted average return on net assets was -1.15%, a decrease of 0.46% compared to the same period last year[5] - The company experienced a 33.56% increase in credit impairment losses, totaling -¥32,979,155.26, due to increased provisions for bad debts[11] - The cash paid for various taxes increased by 32.84% to ¥50,075,866.76, attributed to higher corporate income tax and VAT payments[12] - The company reported a significant increase in deferred income by 141.15% due to increased government subsidies received[10] - Investment income for the first nine months of 2025 was -¥9,177,637.98, a decrease of 800.92% compared to the same period last year[11] - The company experienced a net investment loss of ¥9,177,637.98, contrasting with a gain of ¥1,309,375.25 in the previous period, highlighting a significant decline in investment performance[24] Miscellaneous - The company plans to correct prior accounting errors affecting financial statements from 2021 to 2022, as approved in a board meeting[17] - The third quarter financial report was not audited[27] - The company has no preferred shareholders or related information to report[14] - The company has not disclosed any changes in the top 10 shareholders due to margin trading activities[13] - The company has a total of 9,804,565 shares under lock-up agreements, with 6,548,104 shares remaining locked due to executive restrictions[16] - Basic and diluted earnings per share remained stable at CNY 0.01 for the current and previous periods[25] - The total comprehensive income attributable to minority shareholders was CNY 702,790.60, a decrease from CNY -1,139,664.27 in the previous period[25]

河北先河环保科技股份有限公司 互动易平台信息发布及回复内部审核制度 第一章 总则 第一条 为充分利用深圳证券交易所搭建的互动易平台，进一步规范河北先 河环保科技股份有限公司（以下简称"公司"）通过互动易平台与投资者交流， 建立公司与投资者良好沟通机制，持续提升公司治理水平，根据《上市公司信 息披露管理办法》《上市公司投资者关系管理工作指引》以及《深圳证券交易所 创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业 板上市公司规范运作》等法律法规、规范性文件及《河北先河环保科技股份有 限公司章程》（以下简称"公司章程"）的规定，制定本制度。 第二章 总体要求 第六条 公司在互动易平台发布信息或回复投资者提问不得涉及或者可能涉 及未公开重大信息。投资者提问涉及已披露事项的，公司可以在已依法披露的 信息范围内对投资者的提问进行充分、深入、详细地分析、说明和答复；涉及 或者可能涉及未披露事项的，公司应当告知投资者关注公司信息披露公告。公 司不得以互动易平台发布或回复信息等形式代替信息披露或泄露未公开重大信 息。 第七条 公司在互动易平台发布信息或回复投资者提问时，应当保证发布信 息及回复投资者提问 ...