Core Viewpoint - Xuelang Environment (300385) has received a notice from creditor Jiangsu Xinniu Cable Co., Ltd., applying for pre-restructuring due to the company's inability to repay due debts and a clear lack of repayment capacity, despite having restructuring value [1] Group 1 - The creditor has filed a request with the Wuxi Intermediate People's Court for the company to undergo pre-restructuring [1] - The application cites the company's inability to settle its due debts as a primary reason for the restructuring request [1] - The creditor believes that the company still possesses restructuring value, which is a key factor in the application [1]

Core Viewpoint - The company is facing a potential pre-restructuring process due to an application from a creditor, citing inability to repay debts and lack of repayment capacity, despite having restructuring value [1] Group 1 - The creditor, Jiangsu Xinniu Cable Co., Ltd., has submitted a notice to the company, indicating that it cannot repay its due debts [1] - The creditor has applied to the Wuxi Intermediate People's Court for pre-restructuring, arguing that the company has significant restructuring value [1] - As of the announcement date, the company has not received any documents from the court regarding the acceptance of the pre-restructuring application, leading to uncertainty about the outcome [1]

证券代码：300385 证券简称：雪浪环境 公告编号：2025-091 无锡雪浪环境科技股份有限公司 关于公司被债权人申请预重整的提示性公告 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。 特别提示： 1、今日，无锡雪浪环境科技股份有限公司（以下简称"公司"或"被申请 人"）收到债权人江苏鑫牛线缆有限公司（以下简称"申请人"）送达的《通知书》， 申请人以公司不能清偿到期债务且明显缺乏清偿能力，但具有重整价值为由，向 无锡市中级人民法院（以下简称"无锡中院"或"法院"）申请对公司进行预重 整。 2、本次申请人向法院提交对公司进行预重整的申请，不包含公司子公司。 预重整为法院正式受理重整前的程序，即使法院对公司进行预重整，也不代表公 司正式进入重整程序。截至本公告披露日，公司尚未收到法院受理本次预重整的 文件，申请人的申请能否被法院受理、公司后续是否进入预重整或重整程序均存 在不确定性。即使进入相关程序，预重整或重整能否成功亦存在不确定性。公司 将依据相关法律法规的规定及时履行进展披露义务。同时，无论是否进入预重整 或重整程序，公司都将在现有基础上继续积极做好日常 ...

远闻（上海）律师事务所 关于无锡雪浪环境科技股份有限公司 2025 年第六次临时股东会的 法律意见书 地址：上海市浦东新区东方路 69 号裕景国际商务广场 A 座 7 楼 邮编：200120 电话：021-50366225 传真：021-50366733 网址：www.yuanwenlaw.com 邮箱：sh@yuanwenlaw.com 远闻（上海）律师事务所 法律意见书 远闻（上海）律师事务所 关于无锡雪浪环境科技股份有限公司 2025 年第六次临时股东会的 法律意见书 致：无锡雪浪环境科技股份有限公司 远闻（上海）律师事务所（以下简称"本所"）接受无锡雪浪环境科技股份 有限公司（以下简称"贵公司"）的聘请，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》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）、《律师事务所从事 证券法律业务管理办法》（以下简称"《管理办法》"）、《律师事务所从事证 券法律业务执业规则（试行）》（以下简称"《执业规则》"）及贵公司章程（以 下简称"《公司章程》"）等有关规定，指派律师出席贵公司 2025 年第六次 ...

证券代码：300385 证券简称：雪浪环境 公告编号：2025-090 无锡雪浪环境科技股份有限公司 2025 年第六次临时股东会决议公告 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。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会涉及变更以往股东会已通过的决议：公司于 2025 年 5 月 30 日召开的 2025 年第二次临时股东大会审议通过了《关于公司变更注册地址、公 司名称暨修改<公司章程>的议案》，并于同日在巨潮资讯网（www.cninfo.com.cn） 披露了《2025 年第二次临时股东大会决议公告》（公告编号：2025-048）。本次 股东会审议了《关于公司变更注册地址、公司名称暨修改<公司章程>的议案》， 对前次股东大会审议通过的《关于公司变更注册地址、公司名称暨修改<公司章 程>的议案》予以变更； 3、根据《无锡雪浪环境科技股份有限公司第一期员工持股计划（草案）》及 《关于第一期员工持股计划购买完成的公告》等相关公告，鉴于参与公司第一期 员工持股计划的董事、监事和高级管理人员自愿放弃其因参与员工持股计划而间 接持有的公司 ...

Market Overview - On November 10, the Jiangsu state-owned enterprise reform sector rose by 1.09% compared to the previous trading day, with Xuelang Environment leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Xuelang Environment (300385) closed at 6.28, with a gain of 4.49% and a trading volume of 270,400 shares, amounting to a transaction value of 171 million [1] - Jianshi Family (603369) closed at 39.22, up 3.78%, with a trading volume of 168,300 shares and a transaction value of 651 million [1] - Jiangtian Chemical (300927) closed at 28.69, up 3.72%, with a trading volume of 90,700 shares and a transaction value of 257 million [1] - Other notable stocks include Weivi Co. (600300) with a 3.63% increase and a transaction value of 269 million, and Jiangsu Jinzu (600901) with a 3.57% increase and a transaction value of 261 million [1] Capital Flow - The Jiangsu state-owned enterprise reform sector saw a net inflow of 99.64 million from main funds, while retail investors experienced a net outflow of 81.07 million [2] - The main funds showed a significant presence in stocks like Huatai Securities (601688) with a net inflow of 154 million, while retail investors withdrew from stocks like Xuelang Environment and Weivi Co. [3]

Group 1 - As of October 31, 2025, Jiangsu has a total of 715 listed companies, including 220 on the Shanghai Stock Exchange Main Board, 114 on the Sci-Tech Innovation Board, 125 on the Shenzhen Stock Exchange Main Board (including one pure B-share), 203 on the Growth Enterprise Market, and 53 on the Beijing Stock Exchange [1] - In October 2025, Jiangsu added one new listed company (Changjiang Nengke), bringing the total number of new listings in 2025 to 21 [1] - The total market capitalization of the 714 listed companies in Jiangsu is 85,985.35 billion yuan, accounting for 13.12% of the total number of A-share listed companies and 8.01% of their total market capitalization [3] Group 2 - As of October 31, 2025, the companies in Jiangsu with a market capitalization exceeding 100 billion yuan (excluding the Beijing Stock Exchange) include Hengrui Medicine, WuXi AppTec, Jiangsu Bank, Guodian Nari, Huatai Securities, Nanjing Bank, Huidian Co., S. Hengli Hydraulic, Dongshan Precision, Xugong Machinery, Tianfu Communication, and Yanghe Brewery [5] - The bottom ten ranked A-share listed companies in Jiangsu (excluding the Beijing Stock Exchange) are Yangzi New Materials, Nanwei Co., Guangge Technology, Xuelang Environment, Zhongshe Co., *ST Hengjiu, Ailong Technology, Jinpu Garden, *ST Tianlong, and *ST Suwu [7] - In October 2025, Jiangsu's A-share listed companies had a total of 3 financing events, raising a total of 1.269 billion yuan, while the total financing events for the year reached 49, raising a total of 61.438 billion yuan [7]

Core Viewpoint - Xuelang Environment is a leading enterprise in the field of flue gas purification and ash treatment in China, with advanced technology and a full industry chain advantage [1] Group 1: Company Overview - Xuelang Environment was established on February 12, 2001, and was listed on the Shenzhen Stock Exchange on June 26, 2014 [1] - The company is headquartered in Changzhou, Jiangsu Province, with its office located in Wuxi, Jiangsu Province [1] - The main business includes R&D, production, system integration, sales, and service of flue gas purification and ash treatment systems, as well as environmental project operations [1] - The company is classified under the environmental governance sector, specifically in air pollution control [1] Group 2: Financial Performance - In Q3 2025, Xuelang Environment reported revenue of 263 million yuan, ranking 5th among 8 companies in the industry [2] - The industry leader, Yuanda Environmental Protection, reported revenue of 2.936 billion yuan, while the industry average was 761 million yuan [2] - The company's net profit for the same period was -160 million yuan, ranking 8th in the industry [2] - The industry leader's net profit was 72.8382 million yuan, with the industry average at -654,200 yuan [2] Group 3: Financial Ratios - As of Q3 2025, Xuelang Environment's debt-to-asset ratio was 93.57%, significantly higher than the industry average of 56.37% [3] - The company's gross profit margin was -8.81%, lower than the previous year's 9.79% and well below the industry average of 16.98% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.86% to 11,800 [5] - The average number of circulating A-shares held per shareholder increased by 0.86% to 24,600 [5] - Among the top ten circulating shareholders, Nuoan Multi-Strategy Mixed A (320016) ranked as the ninth largest, increasing its holdings by 288,800 shares to 2.196 million shares [5] Group 5: Executive Compensation - The chairman of Xuelang Environment, Xie Wutao, has a salary of 317,700 yuan for the year 2024 [4]

Financial Performance - The company's operating revenue for Q3 2025 was ¥47,966,517.48, a decrease of 46.07% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥57,454,420.12, representing a decline of 9.12% year-on-year[3]. - The net cash flow from operating activities was -¥81,729,768.86, an increase of 29.61% compared to the previous year[4]. - The basic earnings per share were -¥0.1725, a decrease of 9.18% year-on-year[4]. - The net profit for the current period is -160,273,715.79, compared to -151,881,345.43 in the previous period, indicating a decline in profitability[26]. - Operating profit for the current period is -164,186,413.71, slightly worse than -152,247,468.25 from the previous period[26]. - Total revenue from operating activities decreased to 483,717,897.94 from 640,574,016.87, reflecting a decline of approximately 24.5%[29]. - The company reported a total comprehensive loss of -160,273,715.79, compared to -151,881,345.43 in the previous period[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,290,070,525.31, down 16.26% from the end of the previous year[4]. - The total assets of the company as of September 30, 2025, are CNY 2,290,070,525.31, a decrease from CNY 2,734,760,197.67 at the beginning of the period, indicating a reduction of 16.2%[22]. - The total liabilities amount to CNY 2,142,865,297.15, down from CNY 2,426,081,253.72, reflecting a decrease of 11.7%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,794[11]. - New Su Environmental Industry Group Co., Ltd. holds 29.86% of shares, totaling 99,481,250 shares[11]. - Yang Jianping holds 12.75% of shares, totaling 42,481,799 shares, with 42,481,799 shares pledged[11]. - The top 10 shareholders do not have any associated relationships or concerted actions, except for Yang Jianping and Xu Huifen, who are spouses[13]. - The total number of shares held by the top 10 unrestricted shareholders includes 99,481,250 shares held by New Su Environmental Industry Group Co., Ltd.[12]. Cash Flow - The company's cash and cash equivalents at the end of the reporting period are CNY 186,409,147.71, down from CNY 225,697,866.42 at the beginning of the period, representing a decline of 17.4%[21]. - Cash flow from operating activities shows a net outflow of -81,729,768.86, an improvement from -116,113,423.39 in the previous period[29]. - Investment activities generated a net cash inflow of 53,955,867.33, compared to a net outflow of -57,516,537.74 in the previous period[30]. - Cash and cash equivalents at the end of the period stand at 168,612,509.54, up from 90,981,107.71 in the previous period[30]. Research and Development - Research and development expenses for the first nine months of 2025 were ¥16,958,536.81, down 49.81% compared to the same period in 2024[8]. - Research and development expenses decreased to 16,958,536.81 from 33,786,449.76, a reduction of about 49.8%[26]. Corporate Actions - The company appointed Xie Wutao as the new General Manager (President) effective from the board's approval date[17]. - The company made organizational adjustments to improve operational efficiency and market response speed[17]. - The company has approved a loan agreement with a total borrowing amount of CNY 100 million, with the loan term extended to October 19, 2026[10]. - The company has initiated a distributed rooftop photovoltaic power generation project in collaboration with Changzhou High-tech Yutai Energy Technology Co., Ltd.[10]. - The company has canceled its supervisory board and established a worker representative director within the board[10]. - The company approved a credit limit guarantee of 10 million RMB for its subsidiary, Nanjing Zhuoyue Environmental Technology Co., Ltd.[17]. - The company obtained 3 new patent certificates during the reporting period[17]. - Yang Jianping and Xu Huifen plan to reduce their holdings by up to 9,994,300 shares, which is not more than 3% of the total share capital[17]. Income and Expenses - The total operating revenue for the current period is CNY 262,737,688.03, a decrease of 33.5% compared to CNY 395,169,408.71 in the previous period[25]. - The total operating costs for the current period amount to CNY 425,707,977.14, down from CNY 538,438,874.76, reflecting a reduction of 21.0%[25]. - The operating cost specifically is CNY 285,890,020.00, which is a decrease of 19.7% from CNY 356,474,616.88 in the previous period[25]. - The company incurred sales expenses of 39,793,764.07, down from 54,856,292.02, showing a reduction of approximately 27.5%[26]. - The company’s investment income decreased by 72.81% to ¥214,623.86, primarily due to lower returns from financial products[9]. - The company reported a significant increase in other income, which rose by 2192.22% to ¥8,234,289.61 due to tax refunds received[9].

无锡雪浪环境科技股份有限公司 董事薪酬管理制度 第一章 总则 第一条 为贯彻证券市场公开、公平、公正原则，进一步完善无锡雪浪环境科 技股份有限公司（以下简称"公司"）的治理结构，建立合理有效的企业激励约 束机制，提升经营管理效益，有效调动公司董事工作积极性，形成股东利益、公 司利益的有效统一，确保公司发展战略目标和年度经营目标的实现，根据《中华 人民共和国公司法》、《上市公司治理准则》、 《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》等有关法律、法规、规范性文件 以及《无锡雪浪环境科技股份有限公司章程》的有关规定，结合公司实际情况，特 制定本制度。 第二条 本制度适用对象为公司全体董事（包括非独立董事、独立董事）。 第三条 公司董事的薪酬分配遵循以下原则： （一）收入水平与公司效益及工作目标挂钩的原则； （二）责权利对等，薪酬与岗位价值高低、承担责任大小相符的原则； （三）激励与约束并重、奖罚对等、按绩取酬的原则； （四）与公司长远利益、持续健康发展的目标相符的原则。 第二章 薪酬管理机构 1、非独立董事薪酬与津贴 兼任公司高级管理人员的董事，只领取高级管理人员的薪酬，并按照《高 ...