Financial Performance Expectations - The company expects a net loss for 2025 between CNY 21 million and CNY 30 million, compared to a net loss of CNY 46.43 million in the same period last year[3]. - The expected loss excluding non-recurring items is projected to be between CNY 21.5 million and CNY 30.5 million, down from a loss of CNY 46.92 million in the previous year[3]. - The company anticipates that non-recurring gains and losses will impact the net profit attributable to shareholders by approximately CNY 5 million, mainly from government subsidies[6]. Market Conditions - The decline in net profit is primarily due to market shrinkage in the waste incineration power generation sector and weak demand in the steel industry, leading to reduced revenue and lower gross margins[6]. - The hazardous waste operation segment is still undergoing deep adjustments, with both collection volumes and overall material prices decreasing amid intensified competition[6]. Audit and Reporting - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies in the forecast data[4]. - The final financial data will be disclosed in the 2025 annual report, and investors are advised to make cautious decisions and be aware of investment risks[7].

证券代码：300385 证券简称：雪浪环境 公告编号：2026-012 无锡雪浪环境科技股份有限公司 关于公开招募重整投资人的公告 1、本次招募预重整投资人具有不确定性，存在报名期内未能招募到合格预 重整投资人、预重整投资人未按期签订投资协议等可能性。 2、2026 年 1 月 13 日，江苏省无锡市中级人民法院（以下简称"无锡中院" 或"法院"）作出《江苏省无锡市中级人民法院通知书》，对无锡雪浪环境科技 股份有限公司（以下简称"公司"或"雪浪环境"）进行预重整备案登记，并同 意公司聘请江苏联盛（无锡）律师事务所、北京市金杜律师事务所共同担任公司 预重整引导人（以下简称"引导人"）。无锡中院对公司进行预重整备案登记， 不代表正式受理公司重整，预重整程序是为了识别公司重整价值和重整可能，提 高后续重整工作推进效率。截至本公告披露日，公司能否被法院受理重整、后续 是否进入重整程序均存在不确定性。 3、如法院裁定受理公司重整，公司将依法配合法院及管理人开展相关重整 工作，并依法履行债务人的法定义务。根据《深圳证券交易所创业板股票上市规 则》（以下简称"《创业板上市规则》"）相关规定，如果法院裁定受理公司重 整，深圳 ...

Market Performance - The environmental governance sector increased by 1.33% on January 23, with Xuelang Environment leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Key Stocks in Environmental Governance - Xuelang Environment (300385) closed at 9.85, up 19.98% with a trading volume of 432,700 shares and a transaction value of 400 million yuan [1] - Yihai Hongao (603200) closed at 88.98, up 10.00% with a trading volume of 127,900 shares [1] - Nanda Environment (300864) closed at 23.28, up 9.97% with a trading volume of 82,600 shares [1] - Donghu Gaoxin (600133) closed at 10.79, up 6.62% with a trading volume of 196,220 shares [1] - Seimens (688480) closed at 84.32, up 6.10% with a trading volume of 41,100 shares [1] Capital Flow Analysis - The environmental governance sector saw a net inflow of 266 million yuan from institutional investors, while retail investors experienced a net inflow of 82.88 million yuan [2] - The sector had a net outflow of 349 million yuan from speculative funds [2] Individual Stock Capital Flow - Shanghai Fuba (603200) had a net inflow of 299 million yuan from institutional investors, while it faced a net outflow of 188 million yuan from speculative funds [3] - Donghu Gaoxin (600133) recorded a net inflow of 52.22 million yuan from institutional investors [3] - Nanchang Environmental (300056) had a net inflow of 59.32 million yuan from institutional investors [3]

Group 1 - Huakang Clean announced it is the first candidate for the bid of the Wuhan First Hospital expansion project with a bid amount of 54.88 million yuan and a construction period of 120 days [1] - Hualing Steel's subsidiary plans to invest 449.88 million yuan in a major overhaul project for its coking plant, aiming to address aging issues and restore production capacity over a 19-month construction period [2] - Yinjia Technology expects a net loss of 140 million to 110 million yuan for 2025, compared to a loss of 129 million yuan in the previous year [3] Group 2 - Guochuang High-tech forecasts a net profit of 16 million to 24 million yuan for 2025, recovering from a loss of 58.52 million yuan in the previous year [4] - Shiyi Da anticipates a net profit increase of 31 million to 46 million yuan for 2025, turning around from a loss of 23.41 million yuan last year [5] - Lijun Co. expects a net profit of 48 million to 66 million yuan for 2025, representing a decline of 45.05% to 60.03% compared to the previous year [7] Group 3 - Xindian Pharmaceutical plans to repurchase shares worth 25 million to 50 million yuan for employee stock ownership plans or equity incentives, with a maximum repurchase price of 42 yuan per share [6] - Jingchen Co. has set the initial transfer price for its shares at 82.85 yuan per share, with a total of 13.1 million shares to be transferred to 28 institutional investors [8] - Zejing Pharmaceutical received approval for clinical trials of its innovative cancer immunotherapy drug ZG005 in combination with platinum-based chemotherapy for advanced nasopharyngeal and esophageal squamous cell carcinoma [9] Group 4 - Xingqi Eye Medicine expects a net profit of 662 million to 749 million yuan for 2025, marking a growth of 95.82% to 121.56% compared to the previous year [10] - Liancheng Precision anticipates a net loss of 12 million to 17 million yuan for 2025, reducing its loss from 37.96 million yuan in the previous year [11] - Beidou Star expects a net loss of 230 million to 290 million yuan for 2025, improving from a loss of 350 million yuan last year [13] Group 5 - Qing Shan Paper's affiliate won a bid for a wastewater treatment project worth 51.9 million yuan [15] - Yiling Pharmaceutical forecasts a net profit of 1.2 billion to 1.3 billion yuan for 2025, recovering from a loss of 725 million yuan in the previous year [16] - Huahai Pharmaceutical received a drug registration certificate for its product used in treating depression and obsessive-compulsive disorder [23] Group 6 - Nanjing Panda expects a net profit of 10 million to 15 million yuan for 2025, turning around from a loss of 189 million yuan last year [40] - Rui Sheng Intelligent anticipates a net profit of 33.92 million to 38.40 million yuan for 2025, representing a growth of 112% to 140% compared to the previous year [41] - Jiechang Drive expects a net profit of 395 million to 437 million yuan for 2025, with a growth of 40% to 55% compared to the previous year [43]

Group 1 - The company received a notice from China Construction Bank regarding the early maturity of its loan, citing potential risks to the bank's creditor rights as per the loan agreement [1] - The bank declared that the loan under the RMB working capital loan contract is due immediately, with an outstanding principal of 74,888,863.28 yuan and interest as of January 19, 2026 [2] - The total amount involved represents 31.19% of the company's most recent audited net assets [2]

Core Viewpoint - The company, Xuelang Environment, has received a notice from China Construction Bank declaring the immediate maturity of its loan due to potential risks threatening the bank's creditor rights [1][2] Group 1: Loan Details - The company owes a principal amount of 74,888,863.28 yuan and interest under the loan agreement, which is due by January 19, 2026 [2] - The total amount involved represents 31.19% of the company's most recent audited net assets [2] Group 2: Default Conditions - The bank has cited various conditions under which it can declare the loan immediately due, including significant changes in the company's operational or financial status, such as restructuring, increased debt financing, or legal disputes [1]

一、基本情况 无锡雪浪环境科技股份有限公司（以下简称"公司"）于 2025 年 12 月 12 日、2025 年 12 月 19 日分别与中国建设银行股份有限公司无锡蠡湖支行（以下 简称"建设银行"）签订了《人民币流动资金贷款合同》，建设银行据此向公司 发放了贷款。 公司于近日收到了建设银行送达的《贷款提前到期通知书》，建设银行提出 "根据公司与我行签订的《人民币流动资金贷款合同》第十条：违约责任及发生 危及乙方债权情形的补救措施之第三款：可能危及乙方债权的情形之（一）发生 下列情形之一，乙方认为可能危及本合同项下债权安全的：甲方发生承包、托管 （接管）、租赁、股份制改造、减少注册资本金、投资、联营、合并、兼并、收 购重组、分立、合资、股权转让、实质性增加债务融资、（被）申请停业整顿、 申请解散、被撤销、（被）申请破产、控股股东/实际控制人变更或重大资产转 让、停产、歇业、被有权机关施以高额罚款、被注销登记、被吊销营业执照、涉 及重大法律纠纷、经营及财务状况明显趋差、信用状况下降、法定代表人或主要 负责人无法正常履行职责，无需提前通知，乙方有权行使下述一项或几项权利： 宣布贷款立即到期，要求甲方立即偿还合同项 ...

一、累计诉讼、仲裁事项基本情况 截至本公告披露日，扣除已按照有关规定履行过披露义务的情形外，公司及 控股子公司连续十二个月内累计发生的诉讼、仲裁（具体情况详见附件）金额合 计为人民币 2,918.65 万元，占公司最近一期经审计净资产的 12.16%。 证券代码：300385 证券简称：雪浪环境 公告编号：2026-009 无锡雪浪环境科技股份有限公司 关于累计诉讼、仲裁案件情况的公告 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。 根据《深圳证券交易所创业板股票上市规则》（以下简称"上市规则"）的 有关规定，无锡雪浪环境科技股份有限公司（以下简称"公司"或"雪浪环境"） 对公司及控股子公司发生的诉讼及仲裁事项按照连续十二个月累计计算（已按照 有关规定履行披露义务的，不再纳入累计计算范围）的原则，已达到披露标准。 现将具体情况公告如下： 二、其他尚未披露的诉讼、仲裁事项 公司及控股子公司不存在应披露而未披露的其他诉讼、仲裁事项。 护公司和股东利益，并将严格按照《深圳证券交易所创业板股票上市规则》的有 关要求及时履行信息披露义务，敬请广大投资者注意投资风险。 四 ...

证券代码：300385 证券简称：雪浪环境 公告编号： 2026-010 无锡雪浪环境科技股份有限公司 特此公告。 关于取得专利证书的公告 无锡雪浪环境科技股份有限公司董事会 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。 2026 年 1 月 19 日 无锡雪浪环境科技股份有限公司（以下简称"雪浪环境"或"公司"）于近 日收到了中华人民共和国国家知识产权局颁发的 2 项专利证书，具体情况如下： | 专利名称 | 专利类型 | 专利号 | 专利 | 专利申 | 应用领域 | | --- | --- | --- | --- | --- | --- | | | | | 权人 | 请日 | | | 高炉煤气放散阀 控制装置 | 发明 | ZL202210596252.X | 雪浪环境 | 2022.5.30 | 冶金领域 | | 一种污泥干化焚 烧系统控制方法 | 发明 | ZL202311029986.0 | 雪浪环境 | 2023.8.16 | 固废资源化 | 上述专利为公司自主研发，其所涉及技术与公司主要技术相关，上述专利均 已应用于公司产品。 上述专利的取得 ...

Core Viewpoint - The report highlights a decline in the production of air pollution control equipment in China, indicating potential challenges for the industry in the coming years [1]. Industry Summary - According to the National Bureau of Statistics, the production of air pollution control equipment in China is projected to be 30,000 units in November 2025, representing a year-on-year decrease of 4.9% [1]. - Cumulatively, from January to November 2025, the total production of air pollution control equipment reached 294,000 units, marking a significant decline of 14.9% compared to the previous year [1]. Company Summary - Listed companies in the air pollution control sector include Longjing Environmental Protection (600388), Qingxin Environment (002573), Fida Environmental Protection (600526), Xuelang Environment (300385), China Electric Environmental Protection (300172), and Yongqing Environmental Protection (300187) [1]. - The report by Zhiyan Consulting provides insights into the market supply and demand dynamics of the air pollution control equipment industry in China from 2026 to 2032, highlighting investment potential [1].