Group 1 - The company Qing Shui Yuan (SZ 300437) held its 15th meeting of the 6th board of directors on October 24, 2025, to discuss the proposal for reappointing the auditing firm for the fiscal year 2025 [1] - For the fiscal year 2024, the revenue composition of Qing Shui Yuan is as follows: 80.91% from the water treatment agent industry and 19.09% from the environmental engineering industry [1] - As of the report date, the market capitalization of Qing Shui Yuan is 2.4 billion yuan [1]

证券代码：300437 证券简称：清水源 公告编号：2025-072 河南清水源科技股份有限公司 会计师事务所名称：致同会计师事务所（特殊普通合伙） 成立日期：2011 年 12 月 22 日 关于拟续聘会计师事务所的公告 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。 特别提示： 本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有企 业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 河南清水源科技股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日 召开第六届董事会第十五次会议，审议通过了《关于续聘公司 2025 年度审计机 构的议案》，同意续聘致同会计师事务所（特殊普通合伙）（以下简称"致同所"） 为公司2025年度审计机构，为公司2025年度提供财务报告和内部控制审计服务， 并将该议案提交公司 2025 年第三次临时股东会审议，现将具体情况公告如下： 一、拟续聘会计师事务所的基本情况 （一）机构信息 1.基本信息 注册地址：北京市朝阳区建国门外大街 22 号赛特广场五层 首席合伙人：李惠琦 执业证书颁 ...

关于子公司同生环境原股东业绩补偿诉讼案件的进展公告 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。 重要内容提示： 1.案件所处的诉讼阶段: 执行阶段。 2.所处的当事人地位：被害单位。 3.对上市公司损益产生的影响：本次执行款项部分收回对公司本期损益为正面 影响。 河南清水源科技股份有限公司（以下简称"公司"）知悉，公司与全资子公司 河南同生环境工程有限公司（以下简称"同生环境"）原管理层宋颖标、钟盛业绩 补偿款案件〔原案案号（2024）豫 9001 民初 8115 号〕已经于近日收到法院执行的 现金股利。现将相关情况公告如下： 证券代码：300437 证券简称：清水源 公告编号：2025-069 河南清水源科技股份有限公司 1 近日，公司收到执行款 1,737,317.18 元。截至本公告日，公司收到执行款共计 2,923,317.18 元。 三、公司是否有其他尚未披露的诉讼仲裁事项 截至本公告日，公司及控股子公司不存在应披露而未披露的重大诉讼及仲裁事 项。公司其他诉讼情况及进展详见公司的后续公告或定期报告。 四、本次公告的诉讼对公司的影响及风险提示 本次 ...

证券代码：300437 证券简称：清水源 公告编号：2025-073 河南清水源科技股份有限公司 关于召开 2025 年第三次临时股东会通知的公告 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。 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 10 日 14:00 （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 10 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 10 日 9:15 至 15:00 的任意时 间。 5、会议的召开方式：现场表决与网络投票相结合。公司将通过深圳证券交易 ...

一、董事会会议召开情况 河南清水源科技股份有限公司（以下简称"公司"）第六届董事会第十五次会 议于 2025 年 10 月 24 日上午 9:00 在公司研发中心二楼会议室以现场结合通讯表决 方式召开。会议通知及会议材料已于 2025 年 10 月 18 日以邮件、电话方式通知了各 位董事及相关与会人员。会议应出席董事 9 名，实际出席董事 9 名。公司高级管理 人员列席了本次会议。本次会议由公司董事长王志清先生召集并主持，会议的召集、 召开、表决符合《中华人民共和国公司法》和《河南清水源科技股份有限公司章程》 的规定。 二、董事会会议审议情况 本次会议经与会董事审议并书面表决，通过如下决议： （一）审议通过《关于公司<2025 年第三季度报告>的议案》。 经审议，公司董事会认为公司编制《2025 年第三季度报告》的程序符合法律、 行政法规和中国证监会的规定，报告内容公允地反映了公司 2025 年第三季度的经营 状况和经营成果，报告所披露的信息真实、准确、完整，不存在虚假记载、误导性 陈述或重大遗漏。 证券代码：300437 证券简称：清水源 公告编号：2025-070 河南清水源科技股份有限公司 关于第六届 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥211,752,813, a decrease of 21.85% compared to ¥270,965,606 in the same period last year[5] - Year-to-date revenue decreased by 24.82% to ¥628,318,401 from ¥835,772,082 in the previous year, primarily due to a decline in sales of water treatment agents and derivatives[8] - Total operating revenue decreased to ¥628.32 million from ¥835.77 million, a decline of approximately 25% year-over-year[25] - Total operating costs decreased to ¥647.08 million from ¥839.69 million, reflecting a reduction of about 23% year-over-year[25] - Net profit for the period was a loss of ¥35.16 million, compared to a loss of ¥52.72 million in the previous year, showing an improvement of approximately 33%[26] - The net profit attributable to shareholders was -¥10,639,880, representing a slight increase of 0.13% from -¥10,508,370 in the previous year[5] - The company reported a 33.66% improvement in net profit attributable to shareholders year-to-date, from -¥54,867,408.67 to -¥36,401,024.07[8] Cash Flow and Liquidity - The net cash flow from operating activities was -¥21,596,836, a significant decrease of 147.45% compared to ¥45,513,491 in the same period last year[8] - The company's cash flow from operating activities was ¥544.50 million, down from ¥634.50 million, indicating a decrease of about 14% year-over-year[28] - The net cash flow from financing activities was -$30,837,985.56, an improvement from -$56,679,788.29 in the previous period, indicating better management of financing costs[29] - The ending cash and cash equivalents balance was $217,662,079.15, down from $274,674,685.37, reflecting a decrease in liquidity[29] - Cash and cash equivalents decreased from RMB 401,610,338.55 to RMB 303,819,079.15, a drop of about 24.4%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,381,181,081.30, down 7.04% from ¥2,561,540,628.45 at the end of the previous year[5] - The total current assets decreased from RMB 1,086,781,497.97 to RMB 992,991,723.01, a decline of approximately 8.6%[22] - Total liabilities decreased from RMB 1,474,759,130.48 to RMB 1,388,189,358.29, a reduction of about 5.9%[22] - The company recorded a 51.04% increase in estimated liabilities to ¥2,088,175.70 due to higher provisions for equipment renewal[11] - The total liabilities decreased to ¥973.97 million from ¥1,122.21 million, a decline of about 13%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,598[14] - The largest shareholder, Wang Zhiqing, holds 37.74% of shares, totaling 95,270,000 shares[14] - The total number of restricted shares held by major shareholders decreased from 81,252,500 to 76,612,314 shares, a reduction of 5.5%[16] - The company completed the repurchase and cancellation of 4,640,186 shares at a total price of RMB 1.00, as approved in board meetings held on January 23 and February 13, 2025[17] Accounting and Adjustments - The company has made adjustments to previous accounting data due to corrections of accounting errors related to a criminal case involving its wholly-owned subsidiary[5] - The company corrected accounting errors for the years 2016-2023, impacting the financial reports for these periods[18] Other Financial Metrics - Basic and diluted earnings per share were both -¥0.0422, a decrease of 1.44% from -¥0.0411 in the previous year[9] - Other comprehensive income after tax was a loss of ¥25,524.13, slightly worse than the loss of ¥23,489.94 in the previous year[27] - Research and development expenses were ¥7.61 million, down from ¥8.76 million, a reduction of approximately 13% year-over-year[26] - The company recorded a net cash inflow from other operating activities of ¥24.59 million, compared to ¥12.41 million in the previous year, an increase of approximately 98%[28] Changes in Financial Position - Trading financial assets increased by 908.47% to ¥11,147,432.80 due to new idle asset investment[11] - Accounts receivable financing decreased by 61.73% to ¥19,040,281.44 primarily due to a reduction in high-quality bank notes[11] - Contract assets decreased by 43.85% to ¥17,024,723.00 mainly due to the settlement of the Baofeng project[11] - Other current liabilities increased by 399.84% to ¥7,558,997.74 due to the recognition of VAT to be transferred from the Baofeng project[11] - Long-term receivables reached ¥61,488,753.57, reflecting the settlement of the Baofeng project[11] Management and Governance - The company appointed a new board secretary, Mr. Ma Jianwei, effective from August 7, 2025[19] - The company adjusted its organizational structure as approved in the board meeting on August 7, 2025[19] Audit and Compliance - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence[30]

Core Viewpoint - The company reported a significant decline in revenue and an increase in net loss for the third quarter and the first three quarters of the year [1] Financial Performance - The third quarter revenue was 212 million yuan, a year-on-year decrease of 21.85% [1] - The net loss for the third quarter was 10.64 million yuan, a year-on-year increase of 0.13% [1] - For the first three quarters, the revenue totaled 628 million yuan, reflecting a year-on-year decline of 24.82% [1] - The net loss for the first three quarters was 36.40 million yuan, which is a year-on-year increase of 33.66% [1]

Group 1 - The core point of the news is that Qingshuiyuan's stock experienced a slight decline of 0.93% on October 22, with a trading volume of 45.96 million yuan, indicating a challenging market environment for the company [1] - As of October 22, Qingshuiyuan's financing balance was 46.18 million yuan, accounting for 1.94% of its market capitalization, which is below the 30th percentile level over the past year, suggesting a low financing position [1] - The company reported a significant decrease in revenue for the first half of 2025, with operating income of 417 million yuan, down 26.25% year-on-year, while the net profit attributable to shareholders was -25.76 million yuan, an increase of 41.73% year-on-year [2] Group 2 - Qingshuiyuan's main business involves the production, research and development, and sales of water treatment agents and derivatives, with 84.19% of its revenue coming from this segment [1] - The company has not distributed any dividends in the last three years, with a total payout of 152 million yuan since its A-share listing [3] - As of September 30, the number of Qingshuiyuan's shareholders increased to 22,600, while the average number of circulating shares per person decreased by 0.76% to 7,779 shares [2]

Core Insights - The environmental governance sector experienced a decline of 1.22% on October 17, with Sains leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Environmental Governance Sector Performance - Notable gainers included: - Jia Rong Technology (301148) with a closing price of 34.49, up 6.91% and a trading volume of 56,000 shares, totaling 192 million yuan [1] - Chao Yue Technology (301049) closed at 22.32, up 5.83% with a trading volume of 68,700 shares, totaling 156 million yuan [1] - Guotai Environmental (301203) closed at 35.10, up 3.54% with a trading volume of 27,200 shares, totaling 9.465 million yuan [1] - Major decliners included: - Sains (688480) closed at 52.10, down 7.66% with a trading volume of 30,600 shares, totaling 164 million yuan [2] - Wenblu (301259) closed at 36.10, down 6.98% with a trading volume of 60,300 shares, totaling 22.3 million yuan [2] - Fulongma (603686) closed at 23.41, down 4.68% with a trading volume of 557,800 shares, totaling 1.335 billion yuan [2] Capital Flow Analysis - The environmental governance sector saw a net outflow of 705 million yuan from institutional investors, while retail investors experienced a net inflow of 732 million yuan [2][3] - Key stocks with significant capital flow included: - Donghu Gaoxin (600133) with a net inflow of 91.63 million yuan from institutional investors [3] - Xianglong Electric (600769) with a net inflow of 34.70 million yuan from institutional investors [3] - Zhonghuan Environmental (300692) with a net inflow of 26.70 million yuan from institutional investors [3]

Group 1 - The company, Qingshuiyuan Technology Co., Ltd., announced the resignation of its Vice President, Fan Anguo, due to personal reasons, effective immediately [1] - Following his resignation, Fan Anguo will no longer hold any positions within the company or its subsidiaries, and his departure is not expected to impact the company's normal production and operations [1] Group 2 - Lin Yuan, a notable figure in the investment community, expressed confidence in the market despite recent losses, emphasizing that he will continue to invest and maintain a focus on the liquor sector as a "pleasure demand" while expressing concerns over technology stocks [1]