关于青岛惠城环保科技集团股份有限公司 申请向特定对象发行股票的第二轮审核问询函 的回复 保荐机构（主承销商） （北京市朝阳区建国路 81 号华贸中心 1 号写字楼 22 层） 申请向特定对象发行股票的第二轮审核问询函的回复 深圳证券交易所： 贵所《关于青岛惠城环保科技集团股份有限公司申请向特定对象发行股票的 第二轮审核问询函》（审核函〔2025〕020042 号）（以下简称"问询函"）已收悉。 青岛惠城环保科技集团股份有限公司（以下简称"惠城环保"、"发行人"、"申请 人"或"公司"）会同中德证券有限责任公司（以下简称"中德证券"、"保荐机 构"或"保荐人"）、发行人律师北京市中伦律师事务所（以下简称"发行人律师"）、 申报会计师立信会计师事务所（特殊普通合伙）（以下简称"申报会计师"）就问 询函所提问题逐条进行了认真分析及讨论，针对问询函中的问题进行核查，对问 询函中所有提到的问题逐项予以落实并进行了书面说明，同时按照要求对《青岛 惠城环保科技集团股份有限公司 2024 年度向特定对象发行 A 股股票之募集说明 书（申报稿）》（以下简称"募集说明书"）进行了修订和补充，现回复如下，请 贵所予以审核。 如无特 ...

北京市中伦律师事务所 关于青岛惠城环保科技集团股份有限公司 2024 年度向特定对象发行 A 股股票的 补充法律意见书（五） 二〇二五年九月 北京市中伦律师事务所 关于青岛惠城环保科技集团股份有限公司 2024 年度向特定对象发行 A 股股票的 补充法律意见书（五） 致：青岛惠城环保科技集团股份有限公司 本所根据与发行人签订的法律服务协议，接受发行人的委托担任惠城环保 2024 年度向特定对象发行 A 股股票的专项法律顾问，并据此出具本补充法律意 见书。 本所律师根据《公司法》《证券法》《管理办法》《实施细则》等有关法律、 法规和中国证监会的有关规定，按照律师行业公认的业务标准、道德规范和勤勉 尽责精神，对发行人提供的文件和有关事实进行了查验，并就发行人本次发行事 宜出具了《北京市中伦律师事务所关于青岛惠城环保科技集团股份有限公司 2024 年度向特定对象发行 A 股股票的法律意见书》（以下简称《法律意见书》）、 《北京市中伦律师事务所关于青岛惠城环保科技集团股份有限公司 2024 年度向 根据深圳证券交易所上市审核中心 2025 年 3 月 17 日出具的《关于青岛惠城 环保科技集团股份有限公司申请向特定对 ...

Group 1 - The core viewpoint of the news is the decline in the stock price of Huicheng Environmental Protection, which fell by 5.12% to 175.05 CNY per share, with a trading volume of 247 million CNY and a turnover rate of 0.88%, resulting in a total market capitalization of 34.508 billion CNY [1] - Huicheng Environmental Protection specializes in providing waste catalyst treatment services for refining enterprises and the research, production, and sales of FCC catalysts, rejuvenated catalysts, and regenerated balancing agents, with the main business revenue composition being: hazardous waste treatment services 62.93%, resource utilization products 30.15%, other products 3.97%, three wastes governance 2.43%, and others 0.53% [1] Group 2 - From the perspective of fund holdings, Southern Fund has a significant position in Huicheng Environmental Protection, with the Southern CSI 1000 ETF holding 1.2685 million shares, accounting for 0.35% of the fund's net value, ranking as the third-largest holding [2] - The Southern CSI 1000 ETF has a total scale of 64.953 billion CNY and has achieved a year-to-date return of 22.64%, ranking 1895 out of 4222 in its category, with a one-year return of 62.7%, ranking 1305 out of 3798 [2]

9月9日，惠城环保跌5.34%，截至发稿，报180.10元/股，成交6.61亿元，换手率2.25%，总市值355.03亿 元。 汇添富中证1000ETF（560110）成立日期2022年7月29日，最新规模2.43亿。今年以来收益23.71%，同 类排名1883/4222；近一年收益63.1%，同类排名1320/3798；成立以来收益7.78%。 汇添富中证1000ETF（560110）基金经理为孙浩。 从基金十大重仓股角度 数据显示，汇添富基金旗下1只基金重仓惠城环保。汇添富中证1000ETF（560110）二季度持有股数 4700股，占基金净值比例为0.35%，位居第二大重仓股。根据测算，今日浮亏损失约4.78万元。 截至发稿，孙浩累计任职时间2年13天，现任基金资产总规模134.34亿元，任职期间最佳基金回报 122.64%， 任职期间最差基金回报3.87%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，青岛惠城环保科技集团股份有限公司位于山东省青岛市 ...

Industry Overview - The refining catalyst plays a crucial role in the crude oil manufacturing industry, significantly contributing to the improvement of China's base oil industrial production level [1][4] - China's refining capacity has rapidly increased in recent years, driven by rising consumption levels and expanding crude oil processing volumes, leading to a strong demand for petroleum refining catalysts [1][4] Market Demand and Growth - The demand for refining catalysts in China is projected to reach 251,000 tons in 2024, with a market size of 22.963 billion yuan; it is expected to grow to 257,000 tons and 23.446 billion yuan in 2025 [1][4] - From 2017 to 2023, China's refining catalyst production increased from 209,000 tons to 299,000 tons, with a forecast of 294,000 tons in 2024 and a breakthrough of 300,000 tons in 2025 [1][4] Industry Chain - The upstream of the refining catalyst industry includes precious metals like platinum, palladium, and rhodium, as well as metal oxides such as alumina and silica, along with raw materials like molecular sieves and rare earths [5] - The midstream focuses on the research and production of refining catalysts, while the downstream applications are primarily in petroleum refining, chemical raw material production, energy and transportation, and environmental governance [5] Competitive Landscape - The global refining catalyst market is mainly dominated by companies such as CraceDavison, Albemarle, and Engelhard, while China's refining catalyst sector has developed unique advanced technologies and mature production systems [6] - Major players in China's refining catalyst market include China Petroleum and China Petrochemical, with state-owned enterprises holding a dominant position due to stable customer resources and strong brand influence [6][7] Development Trends - The refining industry is moving towards high efficiency, cleanliness, and flexibility, with a focus on reducing pollution and producing cleaner products, necessitating advancements in refining catalyst technology [6][8] - China has made significant progress in refining catalyst technology, with many new processes being introduced to the international market, although there are still gaps in producing new formula gasoline and catalytic processes [6][8]

证券日报网讯 9月5日晚间，惠城环保发布公告称，根据募集资金投资项目进度及公司资金安排，公司 于近日陆续将实际使用补充流动资金的3，000万元募集资金归还至募集资金专项账户。 （文章来源：证券日报） ...

根据《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》等法律法规的有关规定，青岛 惠城环保科技集团股份有限公司（以下简称"公司"）召开第三届董事会第三十 五次会议、第三届监事会第三十次会议审议通过了《关于使用部分闲置募集资金 暂时补充流动资金的议案》，公司计划使用部分闲置募集资金暂时补充流动资金， 总额不超过人民币 3,400 万元，用于与主营业务相关的生产经营。具体内容详见 《青岛惠城环保科技集团股份有限公司关于使用部分闲置募集资金暂时补充流 动资金的公告》（公告编号：2024-084）。 | 证券代码：300779 | 证券简称：惠城环保 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：123118 | 债券简称：惠城转债 | | 青岛惠城环保科技集团股份有限公司 关于归还暂时补充流动资金的闲置募集资金的公告 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。 董事会 2025 年 9 月 5 日 根据募集资金投资项目进度及公司资金安排，公司于近日陆续将实际 ...

Core Viewpoint - The company has established clear and rigorous standards for the raw materials used in its 200,000 tons/year mixed waste plastic resource utilization demonstration project, which consists of mixed waste plastics containing impurities [1] Group 1 - The raw materials for the project are mixed waste plastics with impurities [1] - The company has set specific requirements for the elemental content, moisture content, and ash content of the raw materials [1] - The actual total demand for raw materials cannot be determined due to variations in impurity levels and processing degrees across different batches [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 market惠城环保8月27日发布公告称，公司于2025年8月20日收到深交所出具的《关于青岛惠城环保科技 集团股份有限公司申请向特定对象发行股票的第二轮审核问询函》。 公司会同相关中介机构对问询函所提问题认真研究落实，对所列问题逐项说明回复，并更新了募集说明 书等申请文件。相关内容已于同日在巨潮资讯网披露。 值得注意的是，惠城环保本次向特定对象发行股票事项，尚需通过深交所审核，并经中国证监会同意注 册后方可实施。最终能否通过深交所审核并获得中国证监会同意注册的决定及其时间，均存在不确定 性。公司将根据事项进展及时履行信息披露义务，提醒投资者注意投资风险。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staf ...

Core Viewpoint - The company is facing challenges due to reliance on a single customer for its steam business, declining profit margins, and increasing inventory levels, while also exploring new sales channels to mitigate risks and improve financial performance [2][3][4]. Group 1: Business Dependency and Revenue - The company's steam business heavily depends on Guangdong Petrochemical, which accounted for 69.12% and 61.62% of its main business revenue in 2023 and 2024 respectively [2] - The gross margin for the gray residue treatment business is projected to decline from 34.07% to 23.35% in 2024, with further decreases in steam prices expected in the first half of 2025 [2] - The company is working on establishing a steam pipeline network to expand its customer base beyond Guangdong Petrochemical, aiming to increase sales prices and volumes [2] Group 2: Financial Performance and Inventory - The company's net profit attributable to shareholders significantly decreased to 42.60 million yuan in 2024 and 5.02 million yuan in the first half of 2025, primarily due to declining gross margins [3] - The overall gross margin dropped from 32.22% to 24.74% in 2024, while inventory levels rose by 94.18% year-on-year to 376.56 million yuan at the end of 2024 [3] - The increase in inventory is linked to the advancement of a 200,000 tons/year mixed waste plastic resource utilization project [3] Group 3: Project Funding and Debt Risk - As of June 2025, the total investment for major ongoing and fundraising projects is 3.15 billion yuan, with 1.48 billion yuan already invested and a future funding requirement of 1.67 billion yuan [4] - The company anticipates total funding sources of 2.20 billion yuan, with expected net operating cash inflows of 1.04 billion yuan over the next three years [4] - The company has assessed its cash flow and revenue growth projections, indicating a low risk of debt default [4] Group 4: Investment Compliance and Risk - As of June 30, 2025, the company's trading financial assets amounted to 47.84 million yuan, all invested in low to medium-risk financial products, primarily fixed-income assets [5] - The investment strategy aligns with regulatory requirements and does not involve high-risk financial products [5] Group 5: Project Profitability Forecast - The first phase of the solid waste treatment project in the Dannan Sea Petrochemical Industrial Zone is expected to have a gross margin of 24.59%, which is relatively low compared to comparable businesses [6] - The company has been cautious in its profitability forecasts for this project, with no significant discrepancies in information disclosure [6]