Group 1 - The core business of the company includes anaerobic treatment of high-concentration organic wastewater, deep treatment of difficult-to-degrade wastewater, heavy metal pollution control, and clean bleaching of pulp and paper using chlorine dioxide [2] - As of June 30, the company had 21,000 shareholders, a decrease of 1.00% from the previous period, with an average of 24,323 circulating shares per shareholder, an increase of 0.02% [2] - The company achieved an operating income of 1.252 billion yuan in the first half of 2025, a year-on-year increase of 21.82%, while the net profit attributable to the parent company was -47.2044 million yuan, a year-on-year decrease of 279.54% [2] Group 2 - The company's stock price increased by 14.94% year-to-date, but has seen a decline of 0.99% over the last five trading days, 2.91% over the last twenty days, and 0.60% over the last sixty days [1] - The company has been on the trading leaderboard twice this year, with the most recent appearance on May 28, where it recorded a net buy of -7.1249 million yuan [1] - The company has a total market capitalization of 2.669 billion yuan, with a trading volume of 21.6993 million yuan and a turnover rate of 0.86% as of September 26 [1]

证券代码：300422 证券简称：博世科 公告编号：2025-096 广西博世科环保科技股份有限公司 关于为全资子公司提供担保的进展公告 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： 博览世界 科技为先 截至本公告日，公司为合并报表范围内的子公司提供担保额度总金额超过 最近一期经审计净资产 100%；公司为合并报表范围内资产负债率超过 70%的 子公司提供担保金额超过公司最近一期经审计净资产 50%。敬请投资者充分关 注相关风险。 一、担保情况概述 经广西博世科环保科技股份有限公司（以下简称"公司"）2024 年年度股 东会审议批准及授权，同意公司及子公司在 2025 年度新增为子公司（含额度有 效期内新设或纳入合并范围的子公司）提供担保额度不超过人民币 17.75 亿元 （含续期授信重新提供的担保），主要用于为子公司在银行、其他金融机构或业 务合作方的授信融资业务提供担保，担保方式包括但不限于保证、抵押、质押 或多种担保方式相结合等。其中，预计为资产负债率大于或等于 70%的子公司 提供担保的额度为不超过人民币 15.45 亿元，预计为资产负债 ...

Company Overview - Bosch Environmental Technology Co., Ltd. is located in Ningguo City, Anhui Province, and was established on April 13, 1999, with its listing date on February 17, 2015 [2] - The company provides system design, integration, key equipment design and manufacturing, engineering construction, project management, and other technical services, focusing on high-concentration organic wastewater anaerobic treatment, difficult-to-degrade wastewater deep treatment, heavy metal pollution control, and other areas [2] - The main business revenue composition includes: Environmental comprehensive governance revenue 71.21%, Water treatment 68.34%, Operation revenue 23.84%, and Professional technical service revenue 4.28% [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.252 billion yuan, a year-on-year increase of 21.82%, while the net profit attributable to the parent company was -47.2044 million yuan, a year-on-year decrease of 279.54% [2] - Since its A-share listing, the company has distributed a total of 115 million yuan in dividends, with no dividends distributed in the past three years [3] Stock Performance - As of September 18, the stock price of Bosch Environmental Technology Co., Ltd. was 5.15 yuan per share, with a market capitalization of 2.749 billion yuan [1] - The stock has increased by 18.39% year-to-date, but has decreased by 8.36% in the last five trading days and 7.54% in the last twenty days [1] - The company has appeared on the trading leaderboard twice this year, with the most recent appearance on May 28, where it recorded a net buy of -7.1249 million yuan [1]

Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises in the water production and supply industry in China, with a total of 4,146 companies reported as of January to July 2025, marking an increase of 241 companies compared to the same period last year, representing a year-on-year growth of 6.17% [1] - The report indicates that the water production and supply industry accounts for 0.8% of the total industrial enterprises in China [1] - The data referenced in the article is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, a leading industry consulting firm in China [2] Group 2 - The article mentions several listed companies in the water production and supply sector, including Ba'an Water (300262), Energy Conservation Guozhen (300388), Boschke (300422), and others [1] - The report titled "2025-2031 China Water Production and Supply Industry Market Development Scale and Investment Opportunity Analysis Report" was published by Zhiyan Consulting [1] - The threshold for scale industrial enterprises has been raised from an annual main business income of 5 million to 20 million yuan since 2011 [1]

国浩律师（南宁）事务所 关于 广西博世科环保科技股份有限公司 2025 年第五次临时股东会 的 法律意见书 地址：南宁市良庆区宋厢路 16 号太平金融大厦二十一层 2101 号房 邮编：530200 电话：0771-5760061 传真：0771-5760065 电子信箱：grandallnn@grandall.com.cn 网址：http://www.grandall.com.cn 二〇二五年九月 法律意见书 国浩律师（南宁）事务所 关于 广西博世科环保科技股份有限公司 2025 年第五次临时股东会 的法律意见书 国浩律师（南宁）意字（2025）第 5028-4 号 致：广西博世科环保科技股份有限公司 国浩律师（南宁）事务所（以下简称"本所"）受广西博世科环保科 技股份有限公司（以下简称"公司"）的委托，指派梁定君、刘卓昀律师 （以下简称"本律师"）作为公司召开 2025 年第五次临时股东会（以下 简称"本次股东会"或"会议"）的专项法律顾问，对本次股东会的召开 全过程进行见证并出具法律意见。 关于本法律意见书，本所及本律师声明如下: 一、为出具法律意见，本律师出席了本次股东会，并审查了公司提供 的有关会议 ...

博览世界 科技为先 证券代码：300422 证券简称：博世科 公告编号：2025-095 广西博世科环保科技股份有限公司 2025年第五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； 一、会议通知情况 广西博世科环保科技股份有限公司《关于召开 2025 年第五次临时股东会的 通知》（公告编号：2025-093）已于 2025 年 8 月 27 日刊登于中国证监会指定的 创业板信息披露媒体。 2、本次股东会未涉及变更以往股东会已通过的决议； 3、本次股东会召开期间没有增加或变更议案； 4、本次股东会以现场与网络投票相结合的方式召开。 2、主持人：公司董事长潘晓斌先生； 3、召开方式：现场投票和网络投票相结合的方式； 4、召开时间： （1）现场会议召开时间：2025 年 9 月 12 日下午 14:30 开始。 二、会议召开和出席情况 （一）会议召开情况 1、召集人：广西博世科环保科技股份有限公司董事会； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 ...

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。 博览世界 科技为先 证券代码：300422 证券简称：博世科 公告编号：2025-094 广西博世科环保科技股份有限公司 关于为子公司提供担保的进展公告 特别提示： 截至本公告日，公司为合并报表范围内的子公司提供担保额度总金额超过 最近一期经审计净资产 100%；公司为合并报表范围内资产负债率超过 70%的 子公司提供担保金额超过公司最近一期经审计净资产 50%。敬请投资者充分关 注相关风险。 一、担保情况概述 经广西博世科环保科技股份有限公司（以下简称"公司"）2024 年年度股 东会审议批准及授权，同意公司及子公司在 2025 年度新增为子公司（含额度有 效期内新设或纳入合并范围的子公司）提供担保额度不超过人民币 17.75 亿元 （含续期授信重新提供的担保），主要用于为子公司在银行、其他金融机构或业 务合作方的授信融资业务提供担保，担保方式包括但不限于保证、抵押、质押 或多种担保方式相结合等。其中，预计为资产负债率大于或等于 70%的子公司 提供担保的额度为不超过人民币 15.45 亿元，预计为资产负债率小 ...

Core Insights - Boschke (300422) reported a total revenue of 1.252 billion yuan for the first half of 2025, representing a year-on-year increase of 21.82%, while the net profit attributable to shareholders was -47.2044 million yuan, a significant decline of 279.54% compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 was 1.252 billion yuan, up from 1.028 billion yuan in 2024, marking a growth of 21.82% [1] - The net profit attributable to shareholders was -47.2044 million yuan, compared to a profit of 26.2923 million yuan in 2024, reflecting a decline of 279.54% [1] - Gross margin decreased to 14.34%, down 30.9% year-on-year, while net margin fell to -3.87%, a drop of 270.4% [1] - Total operating expenses (sales, management, and financial expenses) amounted to 187 million yuan, accounting for 14.9% of revenue, a decrease of 15.35% year-on-year [1] Cash Flow and Debt - The company experienced a significant increase in short-term debt pressure, with a current ratio of 0.63 [1] - Cash and cash equivalents decreased by 50.42% to 337 million yuan [1] - Long-term payables increased by 768.92% due to new borrowings [3] Asset and Liability Changes - The use of right assets increased by 33.24% due to the addition of leasing assets [2] - Contract liabilities decreased by 43.17% as a result of completed industrial projects [2] - Accounts receivable decreased by 14.83% to 1.178 billion yuan [1] Operational Efficiency - The company’s operating costs rose by 31.67% due to increased revenue [4] - Sales expenses decreased by 31.37%, indicating reduced sales-related expenditures [5] - The net cash flow from operating activities fell by 33.39% due to decreased cash receipts from sales [6] Investment and Returns - The company’s historical return on invested capital (ROIC) has been relatively low, with a median of 8.2% since its listing, and a particularly poor ROIC of -11.32% in 2024 [7] - The company has reported losses in four out of nine annual reports since its listing, indicating potential concerns for value investors [7]

Core Viewpoint - The soil remediation industry in China is in a growth phase, driven by increasing awareness of soil pollution and regulatory measures, despite facing fluctuations in project numbers and investment amounts [1][4][8]. Group 1: Industry Overview - The soil and groundwater remediation industry in China has developed in three stages: incubation, growth, and stabilization, with the current phase being growth [1]. - The industry has gained attention since the early 2000s due to the severe soil pollution issues resulting from rapid industrialization and inadequate environmental regulations [1]. Group 2: Project Scale and Investment - The scale of soil remediation projects is approximately 10.1 billion yuan, with a total of 1,426 projects initiated in 2024, an increase of 309 projects from the previous year [2]. - However, the total investment in soil remediation projects saw a significant decline in 2024, amounting to 10.09 billion yuan, a year-on-year decrease of 48% [2]. Group 3: Future Development Trends - The demand for soil remediation in China is substantial, but it will be released in a rational and conservative manner, based on a risk management approach [4][8]. - Future growth in the industry is expected to be characterized by a more systematic approach, improved regulatory frameworks, and a focus on environmentally friendly development [4][8]. - Consulting projects, which include technical services, project supervision, effect evaluation, and design, are anticipated to continue growing rapidly as the industry matures [4][8].

Core Insights - Boschke (300422.SZ) reported a total operating revenue of 1.252 billion yuan for the first half of 2025, marking a year-on-year increase of 21.82% and ranking 17th among disclosed peers [1] - The company recorded a net profit attributable to shareholders of -47.2044 million yuan, a decline of 279.54% year-on-year, ranking 51st among peers [1] - Operating cash flow was 45.203 million yuan, down 33.39% year-on-year, ranking 27th among peers [1] Financial Performance - The latest debt-to-asset ratio stands at 84.70%, ranking 54th among peers, with a slight decrease of 0.08 percentage points from the previous quarter but an increase of 6.29 percentage points year-on-year [3] - The gross profit margin is reported at 14.34%, ranking 48th among peers, showing a decrease of 11.24 percentage points from the previous quarter and a decline of 7.23 percentage points year-on-year [3] - Return on equity (ROE) is at -3.72%, ranking 50th among peers, down 4.94 percentage points from the previous year [3] Earnings Metrics - The diluted earnings per share (EPS) is -0.09 yuan, ranking 51st among peers, a decrease of 280.00% year-on-year [3] - The total asset turnover ratio is 0.13 times, ranking 21st among peers, with a year-on-year increase of 41.44% [3] - The inventory turnover ratio is 2.87 times, ranking 36th among peers, reflecting a year-on-year increase of 41.65% [3] Shareholder Structure - The number of shareholders is 21,000, with the top ten shareholders holding 255 million shares, accounting for 47.85% of the total share capital [3] - The largest shareholder is Guangzhou Environmental Investment Group Co., Ltd., holding 18.5% [3]