申万宏源证券承销保荐有限责任公司 关于鹏鹞环保股份有限公司 2024 年度内部控制自我评价报告的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"或"保 荐人"）作为鹏鹞环保股份有限公司（以下简称"鹏鹞环保"或"公司"）2022 年度以简易程序向特定对象发行股票的保荐人，根据《证券发行上市保荐业务管 理办法》《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 13 号——保荐业务》《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》等法律法规的要求，对鹏鹞环保 2024 年度 内部控制自我评价报告进行了审阅核查，具体情况如下： 一、保荐人进行的核查工作 保荐人指派担任鹏鹞环保持续督导工作的保荐代表人及项目组人员审阅了 公司内部控制制度，访谈公司相关人员，了解内控制度的运行情况，查阅公司股 东大会、董事会、监事会、董事会各专门委员会会议的相关资料、公司章程、三 会议事规则、信息披露制度等相关文件以及其他相关内部控制制度、业务管理规 则等，审阅公司 2024 年度内部控制自我评价报告，对公司内部控制制度的完整 性、合理性和有效性进行了核查。 二 ...

鹏鹞环保股份有限公司 募集资金年度存放与使用情况鉴证报告 苏公 W[2025]E1267 号 公证天业会计师事务所(特殊普通合伙) Gongzheng Tianye Certified Public Accountants, SGP 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（bttp://xe.mof.eov.cn）"进行 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（bttp://ac.mof.eov.cn）"进行 "2017" 目 录 | | 序号 | 内 容 | 页码 | | --- | --- | --- | | | 募集资金年度存放与使用情况鉴证报告 | 1-2 | | 2 | 募集资金年度存放与使用情况专项报告 | 3-7 | and the first of the first 公证天业会计师事务所(特殊普通合伙) Gongzheng Tianye Certified Public Accountants, SGP 中国 江苏 无锡 总机:86(510)68798988 传真:86(510)68567788 电子信箱:mail(@gztycpa.cn Wuxi. Ji ...

鹏鹞环保股份有限公司 审计报告 苏公 W[2025]A659 号 公证天业会计师事务所(特殊普通合伙) Gongzheng Tianye Certified Public Accountants, SGP 中国 无锡 目 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-6 | | 2 | 合并资产负债表 | 7-8 | | 3 | 母公司资产负债表 | 9-10 | | 4 | 合并利润表 | 11 | | 5 | 母公司利润表 | 12 | | 6 | 合并现金流量表 | 13 | | 7 | 母公司现金流量表 | 14 | | 8 | 合并所有者权益变动表 | 15-16 | | 9 | 母公司所有者权益变动表 | 17-18 | | 10 | 财务报表附注 | 19-118 | 审 计 报 告 苏公 W[2025]A659 号 鹏鹞环保股份有限公司全体股东： 一、审计意见 我们审计了鹏鹞环保股份有限公司（以下简称"鹏鹞环保"）的财务报表， 包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并 ...

| 6.发表专项意见情况 | | | --- | --- | | （1）发表专项意见次数 | 3次 | | （2）发表非同意意见所涉问题及结论意见 | 无 | | 7.向本所报告情况（现场检查报告除外） | | | （1）向本所报告的次数 | 0次 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8.关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 是 | | （2）关注事项的主要内容 | 关注事项主要关于实际控制人、信 息披露以及业绩波动，详见"二、保 荐人发现公司存在的问题及采取的 | | | 措施" | | （3）关注事项的进展或者整改情况 | 详见"二、保荐人发现公司存在的 | | | 问题及采取的措施" | | 9.保荐业务工作底稿记录、保管是否合规 | 是 | | 10.对上市公司培训情况 | | | （1）培训次数 | 1次 | | （2）培训日期 | 2024年12月17日 | | （3）培训的主要内容 | 最新监管形势下的创业板上市公司 | | | 持续监管 | | 11.其他需要说明的保荐工作情况 | 无 | 二、 ...

鹏鹞环保股份有限公司 董事会对独立董事独立性评估的专项意见 经核查，公司现任独立董事钱美芳女士、陈易平先生均未在公司担任除独 立董事以外的其他任何职务，也未在公司主要股东公司担任任何职务，与公司 以及主要股东之间不存在利害关系或其他可能妨碍其进行独立客观判断的关 系，不存在影响独立性的情况，符合《上市公司独立董事管理办法》《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》等相关 法律法规、规范性文件及公司《独立董事制度》中关于独立董事的任职资格及 独立性的要求。 根据《上市公司独立董事管理办法》《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》等相关法律法规、规范性文件的要 求，鹏鹞环保股份有限公司（以下简称"公司"）董事会就公司在任独立董事 钱美芳女士、陈易平先生的独立性情况进行了评估，出具如下专项意见： 2025 年 4 月 28 日 鹏鹞环保股份有限公司董事会 ...

鹏鹞环保股份有限公司 2024 年度独立董事述职报告 （钱美芳） 各位股东及股东代表： 本人作为鹏鹞环保股份有限公司（以下简称"公司"）第四届董事会独立董事，在 2024 年 严格按照《中华人民共和国公司法》《中华人民共和国证券法》《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》《上市 公司独立董事管理办法》等法律、法规、规范性文件和公司章程制度的要求，积极参加公司相 关会议，认真审议董事会各项议案，诚实、勤勉、独立履行职责，促进公司规范运作，充分发 挥独立董事的作用，切实维护公司整体利益和全体股东特别是中小股东的合法权益。现将本人 2024 年度履职情况报告如下： 一、独立董事基本情况 本人作为公司第四届董事会独立董事，拥有专业资质及能力，在从事的专业领域积累了丰 富的经验。经自查，本人符合《上市公司独立董事管理办法》第六条规定的独立性要求，不存 在影响独立性的情况。本人履历如下： 2、出席股东大会情况 2024 年度，公司共召开 1 次股东大会，本人亲自出席并认真听取了与会股东的意见和建 议。本人认为，报告期内公司股东大会会议的召集、召开及表 ...

各位股东及股东代表： 本人作为鹏鹞环保股份有限公司（以下简称"公司"）第四届董事会独立董事，在 2024 年 严格按照《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》"）《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》《上市公司独立董事管理办法》等法律、法规、 规范性文件和公司章程制度的要求，认真履行独立董事的职责，维护公司整体利益和股东的合 法权益，充分发挥了独立董事和各专门委员会委员的作用。现将本人 2024 年度履职情况报告 如下： 一、独立董事基本情况 本人陈易平，1971 年 3 月出生，南京大学法律专业硕士学历。1995 年 4 月至 1996 年 12 月任无锡东华律师事务所实习律师/律师；1997 年 1 月至 2003 年 6 月先后于无锡天柱律师事 务所、无锡英特尔律师事务所、江苏居和信律师事务所任律师；2003 年 7 月至 2005 年 12 月 任江苏沁园春律师事务所律师、合伙人；2006 年至今任江苏瑞莱律师事务所主任律师。自 2022 年 5 月起担任公司独立董事。 ...

一、关于《关于 2024 年度利润分配预案的议案》的审核意见 鹏鹞环保股份有限公司 第四届董事会第三次独立董事专门会议审核意见 根据《关于上市公司独立董事制度改革的意见》《上市公司独立董事管理 办法》《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》等有关法律法规、部门规 章、规范性文件的规定，鹏鹞环保股份有限公司（以下简称"公司"）已于 2025 年 4 月 28 日召开第四届董事会第三次独立董事专门会议，会议应到独立 董事 2 人，实到独立董事 2 人，独立董事钱美芳女士担任会议召集人并主持本 次会议。经与会独立董事审议，会议就以下事项发表审核意见如下： 四、关于《关于 2025 年度公司向金融机构申请综合授信额度的议案》的 审核意见 2025 年度公司及控股子公司拟向银行等金融机构申请综合授信额度，符合 公司业务发展的实际需要。我们同意该议案，并同意提交董事会审议。 五、关于《关于接受关联方提供担保暨关联交易的议案》的审核意见 为支持公司发展，保障金融机构授信的顺利实施，公司关联方拟为公司及 子公司向银行等金融机构申请授信额度无偿提供连带责任 ...

Financial Performance - The company's operating revenue for 2024 was ¥1,909,719,320.20, a decrease of 8.04% compared to ¥2,076,713,711.85 in 2023[26]. - Net profit attributable to shareholders for 2024 was ¥158,905,102.70, down 38.38% from ¥257,871,261.27 in 2023[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥106,853,878.61, a decrease of 37.08% from ¥169,832,414.55 in 2023[26]. - The basic earnings per share for 2024 was ¥0.2179, down 35.44% from ¥0.3375 in 2023[26]. - The total assets at the end of 2024 were ¥8,073,497,244.90, an increase of 1.93% from ¥7,920,625,383.78 at the end of 2023[26]. - The cash flow from operating activities for 2024 was ¥129,613,464.38, an increase of 45.68% compared to ¥88,969,182.06 in 2023[26]. - The company reported a significant decline in quarterly net profit, with a loss of ¥50,573,386.99 in Q4 2024, compared to profits in the first three quarters[28]. - The company’s total liabilities and equity structure indicates a slight decrease in net assets attributable to shareholders, which was ¥4,207,534,158.67 at the end of 2024, down 1.11% from ¥4,254,589,234.18 at the end of 2023[26]. Risks and Challenges - The company faces risks related to project delays, budget overruns, and cash flow issues due to changes in national policies and market conditions[4]. - The company acknowledges risks associated with water treatment quality, particularly from industrial wastewater exceeding pre-treatment standards[8]. - The company is experiencing intensified competition in urban sewage treatment and comprehensive environmental services, with numerous competitors in various segments[5]. - The company is focused on enhancing its cash flow management and internal controls to mitigate risks from accounts receivable as business scales up[9]. Strategic Initiatives - The company is actively involved in new product development, including innovative water treatment solutions using stainless steel materials[21]. - The company is expanding its market presence in emerging fields such as new energy and ecological environment governance[4]. - The company has identified growth opportunities in the rural sewage treatment market, which still has potential for expansion[36]. - The company is committed to maintaining a stable and rapid growth trajectory despite potential external risks[9]. Environmental Compliance - The company operates multiple wastewater treatment plants with specific pollutant discharge limits, including COD, NH3-N, TN, and TP[150]. - The company’s wastewater treatment plants are required to meet stringent discharge standards, including COD ≤ 50 mg/l and TN ≤ 15 mg/l[150]. - The company is committed to strict compliance with the Class A standard for wastewater treatment, ensuring that TN emissions do not exceed 65.70 tons[152]. - The company aims to maintain BOD emissions at 31.29 tons for the upcoming year, ensuring compliance with environmental regulations[152]. Research and Development - The company has obtained 9 invention patents and 9 utility model patents during the reporting period, reflecting its commitment to innovation[55]. - The company’s R&D investment amounted to CNY 28,065,891.14 in 2024, representing 1.47% of operating revenue, up from 1.30% in 2023[72]. - The number of R&D personnel decreased by 10.39% to 69 in 2024 from 77 in 2023, with a corresponding decrease in the proportion of R&D personnel from 5.91% to 5.39%[72]. - The company has developed advanced integrated control systems for high-density sedimentation tanks, improving operational efficiency and automation[71]. Corporate Governance - The company has a governance structure with no differential voting rights arrangements applicable[111]. - The current board includes key personnel such as the chairman and general manager, Wang Pengyao, who has been in position since April 2019[114]. - The company has maintained a stable management team with no dismissals or resignations reported[113]. - The total compensation for directors, supervisors, and senior management during the reporting period amounted to CNY 4.57 million[120]. Legal and Regulatory Matters - The company faced an administrative penalty of RMB 586,400 for illegally discharging water pollutants through unauthorized pipes[151]. - The company has implemented corrective measures following the penalty, ensuring compliance with environmental regulations[151]. - The company is involved in ongoing arbitration related to a labor dispute with a potential claim of 14.59 million yuan[175]. - The company has a pending case regarding a sales contract dispute with a claim of 1.17 million yuan[175]. Market Expansion and Future Outlook - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of 2024[100]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $200 million earmarked for potential deals[99]. - The company plans to invest $100 million in sustainability initiatives over the next three years[100]. - The company aims to expand its market presence by increasing exports to non-EU countries and pursuing bio-jet fuel trials at Northeast airports in collaboration with China National Aviation Fuel[94].

Financial Performance - The company's operating revenue for Q1 2025 was ¥270,633,546.76, a decrease of 48.23% compared to ¥522,804,241.52 in the same period last year[5] - Net profit attributable to shareholders increased by 37.97% to ¥134,218,480.18 from ¥97,280,335.19 year-on-year[5] - Basic and diluted earnings per share rose by 40.28% to ¥0.1783 from ¥0.1271 in the same period last year[5] - The net profit for the current period is CNY 131,319,843.93, representing an increase of 41.9% compared to CNY 92,546,823.33 in the previous period[17] - The net profit attributable to the parent company was 134,218,480.18 CNY, an increase from 97,280,335.19 CNY in the previous period, representing a growth of approximately 38%[18] Cash Flow - The net cash flow from operating activities improved by 79.08%, reaching -¥8,099,193.93 compared to -¥38,724,233.06 in the previous year[5] - Cash inflow from operating activities totaled 496,622,607.72 CNY, down from 707,186,394.26 CNY, indicating a decrease of approximately 30%[20] - Cash outflow from operating activities was 504,721,801.65 CNY, compared to 745,910,627.32 CNY, showing a reduction of about 32%[20] - The net cash flow from investing activities was 151,012,696.85 CNY, a significant improvement from -42,276,104.75 CNY in the previous period[21] - The net cash flow from financing activities was -36,148,470.84 CNY, contrasting with a positive flow of 70,805,159.54 CNY in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,897,039,536.82, a decrease of 2.19% from ¥8,073,497,244.90 at the end of the previous year[5] - The total liabilities at the end of the period are CNY 3,431,649,345.87, down from CNY 3,742,221,078.76 at the beginning of the period[14] - The total equity attributable to the parent company increased to CNY 4,341,752,638.85 from CNY 4,207,534,158.67, reflecting a growth of 3.2%[14] Shareholder Information - The company had a total of 36,430 common shareholders at the end of the reporting period[9] - The largest shareholder, Yixing Pengyao Investment Co., Ltd., holds 28.52% of the shares, with 48,140,000 shares pledged[9] Non-Recurring Gains and Losses - Non-recurring gains and losses amounted to ¥82,289,934.45, primarily driven by the disposal of non-current assets[6] - The company does not have any other non-recurring gains and losses beyond those reported[6] Inventory and Receivables - The accounts receivable decreased to CNY 1,428,882,127.05 from CNY 1,632,939,608.64, a decline of 12.5%[13] - The inventory increased to CNY 222,316,444.38 from CNY 211,479,445.08, an increase of 5.9%[13] Borrowings - The long-term borrowings increased to CNY 1,059,646,259.36 from CNY 1,009,341,756.66, an increase of 5.0%[14] Mergers and Acquisitions - The company did not execute any mergers or acquisitions during the reporting period[23]