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2023年半年度跟踪报告 | 保荐人名称：申万宏源证券承销保荐有限责任公司 | 被保荐公司简称：鹏鹞环保 | | --- | --- | | 保荐代表人姓名：郑春定 | 联系电话：025-84763720 | | 保荐代表人姓名：唐品 | 联系电话：025-84763720 | 一、保荐工作概述 | 报告事项 | 说明 | | --- | --- | | 1.保荐代表人变更及其理由 | 不适用 | | 2.报告期内中国证监会和本所对保荐人或者 | 不适用 | | 其保荐的公司采取监管措施的事项及整改 | | | 情况 | | | 3.其他需要报告的重大事项 | 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 | 否 | | （2）关注事项的主要内容 | 不适用 | | （3）关注事项的进展或者整改情况 | ...

经对公司 2023 年半年度及以前年度内发生但延续到报告期的控股股东及其他关联方占用 公司资金情况进行认真了解和核查，报告期内，公司严格遵守国家法律、法规及规章制度等相 关规定，不存在控股股东、实际控制人及其他关联方占用公司资金的情况，也不存在以前年度 发生并延续到本报告期内的控股股东、实际控制人及其他关联方占用公司资金的情况。 鹏鹞环保股份有限公司独立董事 关于第四届董事会第十三次会议相关事项的独立意见 我们作为鹏鹞环保股份有限公司（以下简称"公司"）第四届董事会的独立董事，根据《上 市公司独立董事规则》、《深圳证券交易所创业板股票上市规则》、《上市公司独立董事履职指 引》、《鹏鹞环保股份有限公司章程》和《鹏鹞环保股份有限公司独立董事制度》等相关规定， 基于独立判断的立场，本着对公司、全体股东负责的态度，秉持实事求是的原则，对公司第四 届董事会第十三次会议相关事项发表独立意见如下： 一、对公司 2023 年半年度控股股东及其他关联方占用公司资金情况的独立意见 二、对公司 2023 年半年度公司对外担保情况的独立意见 经对公司 2023 年半年度及以前年度内发生但延续到报告期的对外担保情况进行认真了解 和核查 ...

鹏鹞环保股份有限公司（以下简称"公司"）于 2023 年 7 月 30 日以专人送达 及即时通讯方式向公司全体 5 名董事发出了关于召开公司第四届董事会第十三次会 议的通知，会议于 2023 年 8 月 10 日在宜兴市高塍镇工业集中区鹏鹞环保股份有限 公司 1101 会议室以现场方式召开。 本次董事会应出席董事 5 名，实际出席会议董事 5 名。会议由公司董事长王鹏 鹞先生主持，监事会成员及高级管理人员列席了本次会议。 本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和公 司章程的规定。 会议审议并通过议案如下： 一、审议通过《2023 年半年度报告（全文及摘要）》。 董事会认为 2023 年半年度报告真实反映了公司 2023 上半年度的财务状况和经 营成果，不存在虚假记载、误导性陈述或重大遗漏。 证券代码：300664 证券简称：鹏鹞环保 公告编号：2023-065 鹏鹞环保股份有限公司 第四届董事会第十三次会议决议公告 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。 根据证监会《上市公司独立董事管理办法》等相关规定，为完善公司治理结构， ...

鹏鹞环保股份有限公司 2023半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 非经营性资金占用 资金占用 方名称 占用方与上 市公司的关 联关系 上市公司核算 的会计科目 2023年期初 占用资金余 额 2023半年度占 用累计发生金 额（不含利息） 2023半年度占 用资金的利息 （如有） 2023半年度 偿 还累计发生 金额 2023半年度 末占用资金 余额 占用形 成原因 占用性质 控股股东、实际控制人及 其附属企业 非经营性占用 非经营性占用 小计 - - - - 前控股股东、实际控制人 及其附属企业 非经营性占用 非经营性占用 小计 - - - - 其他关联方及附属企业 非经营性占用 小计 总计 - - - - 其它关联资金往来 资金往来 方名称 往来方与上 市公司的关 联关系 上市公司核算 的会计科目 2023年期初 往来资金余 额 2023半年度往 来累计发生金 额（不含利息） 2023半年度往 来资金的利息 （如有） 2023半年度 偿还累计发 生金额 2023半年度 末往来资金 余额 往来形 成原因 往来性质 （经营性往来、 非经营性往来） 控股股东、实际控制人及 其附属企业 ...

证券代码：300664 证券简称：鹏鹞环保 公告编号：2023-047 为充分尊重投资者，提升交流的针对性，公司特向投资者公开征集问题，广泛 听取投资者的意见和建议。投资者可于 2023 年 5 月 18 日（星期四）前将相关问题 通过电子邮件的形式发送至公司邮箱（dsb@penyao.com.cn），公司将在 2022 年度 网上业绩说明会上，对投资者普遍关注的问题进行回答。 鹏鹞环保股份有限公司 关于举行 2022 年度业绩网上说明会的公告 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。 鹏鹞环保股份有限公司（以下简称"公司"）2022 年年度报告及摘要已于 2023 年 4 月 27 日刊登于中国证监会指定的创业板信息披露网站。为便于投资者进一步了 解公司经营情况，公司定于 2023 年 5 月 19 日（星期五）下午 15:00 至 17:00 在机 会宝（https://m.jhbshow.com/）举办 2022 年度业绩网上说明会。 本次年度业绩说明会将采用网络远程的方式举行，投资者可登陆机会宝平台 （https://n.jhbshow.com/ ...

Financial Performance - The company's operating revenue for 2022 was ¥1,881,801,836.36, a decrease of 10.10% compared to ¥2,093,114,360.69 in 2021[28]. - The net profit attributable to shareholders for 2022 was ¥232,970,726.94, down 25.21% from ¥311,491,790.43 in 2021[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥201,208,434.71, a decline of 29.81% from ¥286,658,820.76 in 2021[28]. - The total assets at the end of 2022 amounted to ¥8,072,250,655.06, representing a 14.07% increase from ¥7,076,466,700.91 at the end of 2021[28]. - The cash flow from operating activities for 2022 was ¥235,408,865.13, a significant increase of 213.28% compared to -¥207,808,439.94 in 2021[28]. - The company reported a basic earnings per share of ¥0.3281 for 2022, down 26.04% from ¥0.4436 in 2021[28]. - The weighted average return on equity for 2022 was 5.96%, a decrease of 2.57% from 8.53% in 2021[28]. - The company experienced a net loss in the fourth quarter of 2022, with a net profit attributable to shareholders of -¥55,710,147.26[30]. Market and Competition - The company is experiencing intensified competition in urban sewage treatment and comprehensive environmental services, with many competitors seeking to enhance their technical capabilities and expand their market presence[5]. - The company is focusing on expanding investment opportunities in the wastewater treatment sector, driven by increasing environmental protection standards and government policies[39]. - The market for recycled water utilization is expected to grow, as the current utilization rate in China remains low, indicating significant potential for expansion[39]. - The company is expanding its market presence in the environmental protection sector, driven by increased national investment in environmental initiatives[5]. Risk Management - The company faces risks related to project delays, budget overruns, and delayed payments due to changes in national industrial policies and macroeconomic conditions[3]. - The company acknowledges the risk of water treatment quality issues due to factors such as influent water quality and equipment operation status, which could lead to regulatory penalties[7]. - The company emphasizes the importance of monitoring accounts receivable and cash flow management to prevent potential financial impacts from uncollected receivables[9]. - The company is focused on improving management levels to mitigate risks associated with expanding business scale and diversifying operations[6]. Technology and Innovation - The company is actively involved in new product and technology development in emerging fields such as new environmental protection equipment and solid waste treatment[3]. - The company has developed the "WSZ-F wastewater treatment equipment," which was recognized as a national environmental protection best practical technology promotion project in 1996[42]. - The company is actively expanding into high-end environmental technology and equipment manufacturing, including the development of PPMI modular water plants[45]. - The company is focusing on the optimization of water treatment processes to reduce energy consumption and improve treatment efficiency[76]. - The company is committed to developing innovative technologies that enhance the efficiency and sustainability of wastewater treatment operations[76]. Environmental Compliance - The company faced administrative penalties related to environmental issues, with fines adjusted to RMB 200,000 and RMB 340,000 for different violations[153]. - The company’s wastewater treatment facilities consistently met the discharge standards set by the national regulations, ensuring environmental compliance[154]. - The total annual emissions for NH3-N were reported at 907.39 tons, with a maximum allowable limit of 3,650 tons[154]. - The company is focused on maintaining compliance with environmental regulations and improving wastewater treatment efficiency[156]. Corporate Governance - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[112]. - The company has established an independent financial accounting system and does not share bank accounts with its controlling shareholders[113]. - The company has a robust governance structure with no conflicts of interest or unfair related transactions with controlling shareholders[112]. - The company completed the election of the fourth board of directors and the fourth supervisory board, with several key personnel changes including the departure of independent directors and a vice president[118]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[173]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[175]. - The company aims to increase its traditional business scope by not only pursuing large municipal projects but also engaging in smaller, diverse projects[102]. - The company is committed to reducing operational costs by 15% through efficiency improvements and technology integration[175]. Legal Matters - The company is involved in multiple ongoing legal cases, including a claim for 2,650.46 million yuan related to wastewater treatment services, which is currently in court proceedings[190]. - The company has reported a total of 141.66 million yuan in legal fees and interest related to various disputes[189]. - The company is currently facing a total of 60 million yuan in claims from a labor dispatch service provider[192]. - The company has a pending claim of 6,184.40 million yuan related to a sales contract dispute[192].

Financial Performance - The company's operating revenue for Q1 2023 was ¥353,377,539.88, a decrease of 17.69% compared to ¥429,329,246.61 in the same period last year[5] - Net profit attributable to shareholders was ¥66,671,414.06, down 7.22% from ¥71,859,999.62 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥61,209,687.82, reflecting a decline of 14.60% from ¥71,672,698.12 in the previous year[5] - Basic and diluted earnings per share were both ¥0.0867, down 13.82% from ¥0.1006 in the previous year[5] - The net profit for Q1 2023 was CNY 67,724,837.53, a decrease of 6.5% compared to CNY 72,065,402.02 in Q1 2022[16] - Operating profit for Q1 2023 was CNY 84,388,875.61, down 14.7% from CNY 98,908,065.98 in Q1 2022[16] - The company reported a total comprehensive income of CNY 67,724,837.53 for Q1 2023, compared to CNY 72,065,402.02 in the previous year[17] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥16,065,198.26, compared to a negative cash flow of ¥10,836,011.43 in the same period last year, marking a 248.26% increase[5] - Cash and cash equivalents at the end of the period are ¥891,960,684.66, a slight decrease from ¥904,709,576.36 at the beginning of the year[11] - Cash and cash equivalents at the end of Q1 2023 stood at CNY 860,687,152.97, down from CNY 495,947,615.25 at the end of Q1 2022[20] - The total cash inflow from financing activities was CNY 407,544,000.00, slightly up from CNY 405,800,000.00 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,963,177,857.15, a decrease of 1.35% from ¥8,072,250,655.06 at the end of the previous year[5] - Total current assets decreased to ¥3,101,275,462.13 from ¥3,205,279,950.77, a decline of 3.2%[12] - Total liabilities decreased to ¥3,479,282,038.33 from ¥3,660,243,276.37, a reduction of 4.9%[13] - The company has a total non-current asset balance of ¥4,861,902,395.02, slightly down from ¥4,866,970,704.29[12] Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.56% to ¥4,333,437,361.29 from ¥4,266,765,947.23 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 38,598[8] - The largest shareholder, Yixing Pengyao Investment Co., Ltd., held 27.18% of the shares, with 120,409,800 shares pledged[8] - Total equity attributable to shareholders increased to ¥4,333,437,361.29 from ¥4,266,765,947.23, an increase of 1.6%[13] Operational Costs and Expenses - Total operating costs for the current period amount to ¥292,724,823.26, down 18.6% from ¥359,792,572.96 in the previous period[15] - The company reported a net profit margin decline due to increased operational costs, impacting overall profitability[15] - Research and development expenses increased to CNY 5,677,251.38, up 35.7% from CNY 4,183,777.60 in the previous year[16] - The company incurred financial expenses of CNY 21,888,171.35, an increase of 15.6% from CNY 18,914,437.66 in the previous year[16] Inventory and Receivables - Accounts receivable increased to ¥1,087,732,025.63 from ¥1,047,355,561.82, reflecting a growth of 3.2%[11] - Inventory has risen to ¥113,750,814.42, up 39.2% from ¥81,654,334.43[12]

Company Overview - Founded in 1984, Pengyao Environmental Protection Co., Ltd. is a pioneer in China's environmental protection industry, listed on the Shenzhen Stock Exchange in 2018 after delisting from Singapore in 2011 [3][4]. - The company operates across a full industrial chain, including R&D, equipment manufacturing, engineering contracting, and project investment and operation [3]. Financial Performance - The company has a low debt ratio of less than 40% and abundant cash flow, providing sufficient financial support for future development [3]. - Projected revenue from the Changchun sludge disposal project is expected to reach CNY 120 million annually, with a high gross profit margin [5]. - The company aims for a capital expenditure of over CNY 5 billion in 2020 [10]. Business Segments Water Investment - The traditional water investment segment is steadily increasing, currently generating over CNY 200 million in profit [3]. Solid Waste Management - The solid waste segment utilizes YM bacteria for organic waste treatment, with a representative project in Changchun processing over 1,000 tons daily, generating over CNY 100 million in fees [3][4]. - The projected profit for the solid waste segment is expected to see significant growth this year [5]. Equipment Manufacturing - The company is developing an intelligent manufacturing park for equipment, aiming to enhance production quality in the environmental protection sector [7]. Technological Advancements - The company employs high-temperature aerobic fermentation technology, achieving fermentation temperatures between 80-100 degrees Celsius, which significantly reduces costs to under CNY 100 per ton [4][5]. - The technology has been successfully tested at Beijing's largest waste treatment plant, demonstrating effective odor control and high efficiency [4][6]. Market Opportunities - The company is exploring the organic fertilizer market, with products priced between CNY 200-500 per ton, and plans to establish a production facility in Fuzhou [6][7]. - The RDF (Refuse-Derived Fuel) project in Shantou aims to produce 500,000 tons of fuel rods and 300,000 tons of nutrient soil, with a projected completion in the second half of 2020 [7]. Investment in Pharmaceuticals - The company is diversifying into the pharmaceutical sector, investing in a vaccine company, Aidiweixin, which is developing a DNA vaccine with a rapid response technology [8][9]. - The vaccine is expected to enter clinical trials within 3-4 months, significantly faster than traditional methods [9]. Response to COVID-19 - The pandemic has had minimal impact on the company's operations, particularly in the water service sector, which accounts for 60-70% of gross profit [10]. - The company maintains a low financing cost of around 5%, with short-term financing at 4.3% [10][11]. Shareholder Engagement - The company has initiated a share buyback plan, supported by strong cash reserves and a positive outlook on long-term growth [11]. - The performance targets for the stock incentive plan require a net profit growth rate of no less than 35% in 2020, with a compound growth target of 30% over the next three years [11].

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |----------|-----------------------------------|------------|-----------------------------------| | | | | | | 投资者关 | ☑ 特定对象调研 □分析师会议 | | | | 系活动类 | □ 媒体采访 □业绩说明会 | | | | 别 | □ 新闻发布会 □路演活动 | | | | | □ 现场参观 | | | | | □ 其他 （请文字说明其他活动内容） | | | | | 李秋锐 金库资本 | 贾少波 | 长江证券 | | 参与人员 | 夏雅琴 青岛金汇方圆集团 | 樊继浩 | 富利达基金管理（珠海）有 限公司 | | 与单位 | 胡纪元 限公司 | 秦宏瑜 | 北京涌泉润物资本 | | | 甄荣军 公司 | 苏淼 | 光大保德信基金 | | | 杨淋滟 司 | 王斌 | 上海祎兆投资管理有限公司 | | | 赖正健 理有限公司 | 陈军 | 中银基金 | | ...

证券代码：300664 证券简称：鹏鹞环保 鹏鹞环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------|--------------------|---------------------------------| | | | | | 投资者关 | | 特定对象调研 □分析师会议 | | 系活动类 | □ | 媒体采访 □业绩说明会 | | 别 | | □新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位 | 天风证券 | 郭丽丽 | | 名称与人 | 国海证券 | 任春阳 | | 员姓名 | 长江证券 | 徐科 | | | 招商证券 | 宋盈盈 | | | 华泰证券 | 王玮嘉 | | | 国盛证券 | 杨心成 | | | 广发证券 | 邱长伟 | | | 安信证券 | 汪磊 | | | 安信证券 | 邵琳琳 | | | 东吴证券 | 任逸轩 | | 时间 | 2020 年 5 月 | 15 日 15:00-17:00 | | 地点 | 公司会议室 | | | --- | --- | | ...