青岛国林科技集团股份有限公司 投资者关系管理制度 青岛国林科技集团股份有限公司 投资者关系管理制度 第一章 总 则 第一条 为了加强青岛国林科技集团股份有限公司（以下简称公司）与投资 者之间的信息沟通，完善公司治理结构，切实保护投资者特别是社会公众投资者 的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司投资者关系管理工作指引》《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、规范性文件及《青岛国林科技集团股份有限公司章程》（以下简称公 司章程）的规定，结合本公司实际情况，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通，增进投资者对 公司的了解和认同，以提升公司治理水平和企业整体价值，实现尊重投资者、回 报投资者、保护投资者目的的相关活动。 第三条 投资者关系管理的目的： （一）促进公司与投资者之间的良性关系，增进投资者对公司的进一步了解 和熟悉； （二）建立稳定和优质的投资者基础，获得长期的市场支持； （三）形成服务 ...

青岛国林科技集团股份有限公司 内幕信息知情人登记制度 青岛国林科技集团股份有限公司 内幕信息知情人登记制度 第一章 总 则 第一条 为加强青岛国林科技集团股份有限公司（以下简称公司）内幕信息 管理，做好内幕信息保密工作，维护信息披露的公平原则，保护广大投资者的合 法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 信息披露管理办法》《上市公司监管指引第5号—上市公司内幕信息知情人登记 管理制度》《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》《深圳证券交易所上市公司自 律监管指引第5号—信息披露事务管理》等有关法律、法规、规范性文件，以及 《青岛国林科技集团股份有限公司章程》（以下简称公司章程）的规定，结合公 司实际情况，制定本制度。 第二条 公司董事会是内幕信息的管理机构，应当按照中国证监会及深圳证 券交易所相关规则要求及时登记和报送内幕信息知情人档案，并保证内幕信息知 情人档案真实、准确和完整，董事长为主要责任人。 第三条 董事会秘书是公司内幕信息管理工作负责人，负责办理公司内幕信 息知情人的登记入档和报送事宜。公司证券事务部为 ...

青岛国林科技集团股份有限公司 内部审计制度 青岛国林科技集团股份有限公司 内部审计制度 第一章 总 则 第一条 为了规范青岛国林科技集团股份有限公司（以下简称公司）内部审 计工作，加强公司及控股子公司内部控制，保护投资者合法权益，促使公司持续 健康发展，根据《中华人民共和国审计法》《审计署关于内部审计工作的规定》 《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、规范性文件及《青岛国林 科技集团股份有限公司章程》（以下简称公司章程）的规定，制定本制度。 第二条 本制度所称内部审计，是指由公司内部机构或人员，对其内部控制 和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效率和效果等 开展的一种评价活动。 （三）督促公司内部审计计划的实施； 第三条 本制度适用于公司及全资子公司、控股子公司（以下统称控股子公 司）。 第二章 内部审计机构及职责 第四条 公司在董事会下设立审计委员会，依据法律法规、规范性文件及公 司章程的规定指导和监督公司内部审计制度的建立和实施。 第五条 审计委员会下设审计部作为公司的内部审计机构，审计部在董事会 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides the company's assurance of report accuracy, lists the report's structure, documents for reference, and defines key terms [Important Notice](index=2&type=section&id=Important%20Notice) The Board, Supervisory Board, and senior management guarantee the report's accuracy, with no significant adverse changes to the company's operations or financial health - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[5](index=5&type=chunk) - During the reporting period, the company's industry, principal businesses, core competencies, and key financial indicators did not experience significant adverse changes, indicating no major risks to its continuous operation[5](index=5&type=chunk) - The company plans not to distribute cash dividends, send bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section outlines the report's main chapters, covering company overview, management discussion, governance, significant matters, share changes, bonds, and financial reports [List of Documents for Reference](index=4&type=section&id=List%20of%20Documents%20for%20Reference) This section specifies the location and content of documents available for inspection, including financial statements and the original semi-annual report - Documents for reference include signed and sealed financial statements, original disclosure documents from designated websites, the original semi-annual report signed by the legal representative, and other relevant documents[10](index=10&type=chunk) - All documents for reference are kept at the company's Securities Affairs Department[11](index=11&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines specific terms used throughout the report, including regulatory bodies, company names, subsidiaries, industry terms, and time periods, for clarity - Regulatory bodies such as "CSRC," "MIIT," and "SZSE" are defined[12](index=12&type=chunk) - "Guolin Technology," "the Company," and "this Company" refer to Qingdao Guolin Technology Group Co Ltd[12](index=12&type=chunk) - The ozone production units and ranges for "large ozone generator," "medium ozone generator," and "small ozone generator" are explained[12](index=12&type=chunk) - "Previous year's corresponding period," "current period, reporting period," "beginning of the period," and "end of the period" are precisely defined[12](index=12&type=chunk)[14](index=14&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Item%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section details the company's basic information, contact details, and presents key accounting data and financial performance indicators for the reporting period [Company Profile](index=6&type=section&id=I.%20Company%20Profile) Qingdao Guolin Technology Group Co Ltd is listed on the Shenzhen Stock Exchange under stock code 300786, with Ding Xiangpeng as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Guolin Technology | | Stock Code | 300786 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | 青岛国林科技集团股份有限公司 | | Legal Representative | Ding Xiangpeng | [Contact Person and Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Information) The company's Board Secretary and Securities Affairs Representative share the same contact address, phone, fax, and email Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Hu Wenjia | 7th Floor, Building 1, No 188A Zhuzhou Road, Laoshan District, Qingdao City, Shandong Province | 0532-84992168 | 0532-84992168 | qdguolin@china-guolin.com | | Securities Affairs Representative | Sun Liping | 7th Floor, Building 1, No 188A Zhuzhou Road, Laoshan District, Qingdao City, Shandong Province | 0532-84992168 | 0532-84992168 | qdguolin@china-guolin.com | [Other Information](index=6&type=section&id=III.%20Other%20Information) The company's contact details, information disclosure channels, and registration status remained unchanged during the reporting period - The company's registered address, office address, website, and email remained unchanged during the reporting period[18](index=18&type=chunk) - Information disclosure websites, media names, URLs, and the location for semi-annual report reference remained unchanged during the reporting period[19](index=19&type=chunk) - The company's registration status remained unchanged during the reporting period[20](index=20&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2025, the company's operating revenue increased by 22.99%, net loss attributable to shareholders narrowed by 59.97%, and net cash flow from operating activities improved by 69.90% Key Accounting Data and Financial Indicators (H1 2025 vs H1 2024) | Indicator | Current Reporting Period (CNY) | Previous Year's Corresponding Period (CNY) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 258,795,067.52 | 210,421,779.94 | 22.99% | | Net Profit Attributable to Shareholders of Listed Company | -9,881,695.08 | -24,684,996.97 | 59.97% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | -9,860,017.08 | -28,135,974.88 | 64.96% | | Net Cash Flow from Operating Activities | -9,542,247.81 | -31,699,183.64 | 69.90% | | Basic Earnings Per Share (CNY/Share) | -0.05 | -0.13 | 61.54% | | Diluted Earnings Per Share (CNY/Share) | -0.05 | -0.13 | 61.54% | | Weighted Average Return on Net Assets | -0.89% | -1.97% | 1.08% | | **Period-End Indicators** | **Current Reporting Period End (CNY)** | **Previous Year End (CNY)** | **Change from Previous Year End** | | Total Assets | 1,741,026,641.31 | 1,753,496,741.59 | -0.71% | | Net Assets Attributable to Shareholders of Listed Company | 1,118,042,781.78 | 1,158,760,688.34 | -3.51% | [Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reported no differences in net profit or net assets between international/overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[22](index=22&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[23](index=23&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) The company's total non-recurring gains and losses for the period amounted to **-CNY 21,678.00**, primarily from government grants, fair value changes, and other non-operating items Non-Recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -5,532.38 | | Government grants recognized in current profit or loss (excluding those continuously related to the company's normal business operations) | 437,993.93 | | Gains or losses from changes in fair value and disposal of financial assets and liabilities | 431,729.22 | | Gains or losses from debt restructuring | -218,601.52 | | Other non-operating income and expenses | -694,894.39 | | Other non-recurring gains and losses as defined | 51,358.63 | | Less: Income tax impact | 1,834.82 | | Impact on minority interests (after tax) | 21,896.67 | | **Total** | **-21,678.00** | - The company has no other specific items that meet the definition of non-recurring gains and losses[26](index=26&type=chunk) - The company has not reclassified any non-recurring gains and losses items listed in "Interpretive Announcement No 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses" as recurring gains and losses[26](index=26&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Item%20III%20Management%20Discussion%20and%20Analysis) This section analyzes the company's principal businesses, core competencies, financial performance, investment activities, and risks, along with management's responses [Principal Businesses Engaged by the Company During the Reporting Period](index=9&type=section&id=I.%20Principal%20Businesses%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) The company's core businesses include ozone system equipment manufacturing and the production and sale of glyoxylic acid and its by-product, potassium formate - The company's principal businesses are the manufacturing of ozone system equipment and the application of ozone technology, as well as the production and sale of glyoxylic acid and its by-product, potassium formate[32](index=32&type=chunk) Principal Business Revenue Composition | Business Type | Operating Revenue (CNY 10,000) | Proportion of Company's Operating Revenue | | :--- | :--- | :--- | | Ozone Generators and System Equipment | 12,355.95 | 47.74% | | Glyoxylic Acid and its By-products | 10,605.25 | 40.98% | - The company actively explores the application of ozone technology in new fields such as fine chemicals, semiconductors, and medical health[53](index=53&type=chunk)[55](index=55&type=chunk)[56](index=56&type=chunk) [(I) Industry and Development Status of the Company](index=9&type=section&id=(I)%20Industry%20and%20Development%20Status%20of%20the%20Company) The company's ozone business is in environmental equipment manufacturing, driven by environmental policies, while its chemical business benefits from fine chemical and pharmaceutical sector growth - The ozone business belongs to the special equipment manufacturing industry (C35), specifically environmental, social public services, and other special equipment manufacturing (C359), supported by national environmental policies and industrial planning[28](index=28&type=chunk) - The chemical product business (glyoxylic acid and its by-product potassium formate) belongs to other basic chemical raw material manufacturing (C2619), benefiting from the development of the fine chemical and pharmaceutical industries[30](index=30&type=chunk)[31](index=31&type=chunk) - With increasing environmental awareness and stricter standards, demand for ozone generators will continue to grow; glyoxylic acid has significant market potential in pharmaceuticals and other fields[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) [(II) Overview of the Company's Principal Businesses](index=10&type=section&id=(II)%20Overview%20of%20the%20Company's%20Principal%20Businesses) The company is a leading ozone industry player, specializing in ozone generation, equipment, and system integration, while also expanding its glyoxylic acid production - The company is a representative enterprise in China's ozone industry, providing full-chain services for ozone system equipment and gradually becoming a global supplier[32](index=32&type=chunk) - The company actively promotes the "ozone oxidation maleic anhydride method" for producing glyoxylic acid and its by-product potassium formate, with sales revenue from this business increasing year by year[32](index=32&type=chunk) Principal Business Revenue Composition During the Reporting Period | Business Type | Operating Revenue (CNY 10,000) | Proportion of Company's Operating Revenue | | :--- | :--- | :--- | | Ozone Generators and System Equipment | 12,355.95 | 47.74% | | Glyoxylic Acid and its By-products | 10,605.25 | 40.98% | [(III) Company's Main Products and Uses](index=10&type=section&id=(III)%20Company's%20Main%20Products%20and%20Uses) The company offers a full range of ozone generators for water treatment, denitrification, and fine chemicals, with subsidiaries developing products for semiconductors and healthcare - The company's products are primarily large ozone generators, widely used in municipal water supply, wastewater, industrial wastewater, flue gas denitrification, fine chemicals, and disinfection industries[33](index=33&type=chunk) - Subsidiary Xinjiang Guolin New Materials' main products are glyoxylic acid and its by-product potassium formate, which are important organic synthesis intermediates and oilfield drilling fluid materials[34](index=34&type=chunk) - Subsidiary Guolin Semiconductor develops semiconductor-grade high-concentration ozonated water systems, photovoltaic-grade high-concentration ozonated water systems, and electronic-grade ultra-pure ozone gas generators, with some products already receiving orders[35](index=35&type=chunk) - Subsidiary Guolin Health develops small, large, medical PEM electrolyzed water ozone generators, and household products for drinking water purification, medical hygiene, and other fields[35](index=35&type=chunk) [(IV) Business Model](index=15&type=section&id=(IV)%20Business%20Model) The company primarily uses a build-to-order, direct sales model for ozone equipment and chemical products, focusing on regional and international market expansion and comprehensive service support - The ozone business adopts a build-to-order customized production model, with key components manufactured in-house; small and medium-sized equipment cycles are 30 days, while large equipment cycles are 60-120 days[42](index=42&type=chunk) - All ozone business sales are conducted through direct sales, with the domestic market divided into two key application areas (municipal and industrial) and north-south sales regions, while the international market is expanded through online channels and exhibitions[43](index=43&type=chunk) - The chemical product business is customer-order-oriented, with customized production and a direct sales model, promoted through regional marketing and overseas channels[47](index=47&type=chunk)[48](index=48&type=chunk) - The service model includes on-site and remote support, providing free services within different warranty periods[45](index=45&type=chunk) [(V) Key Performance Drivers](index=17&type=section&id=(V)%20Key%20Performance%20Drivers) Performance growth is driven by continuous innovation, R&D investment, successful application of ozone technology in new sectors, and a substantial backlog of ozone equipment contracts - The company adheres to independent innovation and R&D investment, promoting technological product upgrades and expanding the application of ozone technology into new fields[49](index=49&type=chunk) Key Financial Performance During the Reporting Period | Indicator | Amount (CNY 10,000) | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue | 25,879.51 | 22.99% | | Total Profit | -1,042.02 | 67.33% | | Net Profit Attributable to Parent Company Owners | -988.17 | 59.97% | | Net Profit Attributable to Parent Company Owners (Excluding Non-Recurring Gains/Losses) | -986.00 | 64.96% | - As of June 30, 2025, the company's total unexecuted contracts in the ozone equipment industry amounted to approximately **CNY 431 million**[50](index=50&type=chunk) - The company successfully applied ozone technology in new fields such as fine chemicals (glyoxylic acid), semiconductors, and medical health, enhancing its profitability[53](index=53&type=chunk)[55](index=55&type=chunk)[56](index=56&type=chunk) [Analysis of Core Competencies](index=19&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company boasts strong technical, brand, R&D, production, and service advantages in ozone equipment, achieving import substitution, and unique environmental and cost advantages in glyoxylic acid production - The company possesses a full set of core technologies for ozone system equipment, having developed various large ozone generators, with its technological level ranking among the top in China[57](index=57&type=chunk) - The company was awarded the national "Specialized, Refined, Unique, and New 'Little Giant'" title and successfully passed its review, demonstrating continuous innovation and industry leadership[57](index=57&type=chunk) - Subsidiary Guolin Semiconductor independently developed key core technologies for semiconductor industry-specific ozone equipment, with product performance reaching international advanced levels, enabling import substitution[59](index=59&type=chunk) - The glyoxylic acid business utilizes the "ozone oxidation maleic anhydride method" process, offering high product purity and environmental advantages, along with raw material and energy cost advantages in Xinjiang[76](index=76&type=chunk)[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk) [1. Competitive Advantages in the Ozone Equipment Industry](index=20&type=section&id=1.%20Competitive%20Advantages%20in%20the%20Ozone%20Equipment%20Industry) The company maintains a competitive edge through continuous technological innovation, extensive application experience, a strong brand, a stable R&D team, specialized production, and comprehensive service - The company achieved breakthroughs in key technologies such as "DTA non-glass dielectric technology" and "plate-type ozone generator devices," adding **22 new patents** during the reporting period[60](index=60&type=chunk) - The company's large ozone equipment has extensive successful applications in high-end fields such as municipal wastewater treatment, flue gas denitrification, and chemical oxidation, changing the long-standing reliance on imports[63](index=63&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk) - Core R&D team members have worked at the company for over **15 years**, ensuring continuity in technological R&D and management policies[68](index=68&type=chunk) - The company possesses a specialized production base, mature product technology management capabilities, and refined on-site management capabilities, enabling independent production of key core components for ozone systems[73](index=73&type=chunk) - The company provides comprehensive services, including pre-sales consultation, in-sales installation training, and after-sales remote monitoring and diagnosis[74](index=74&type=chunk) - The company's product technical parameters and performance indicators have reached or are close to international advanced levels, achieving import substitution for high-end ozone equipment[75](index=75&type=chunk) [2. Competitive Advantages in the Glyoxylic Acid Industry](index=27&type=section&id=2.%20Competitive%20Advantages%20in%20the%20Glyoxylic%20Acid%20Industry) The company's glyoxylic acid production benefits from an environmentally friendly "ozone oxidation maleic anhydride method," integrated ozone and oxygen generation technology, and cost advantages from its Xinjiang production base - The company uses an improved "ozone oxidation maleic anhydride method" to produce high-purity glyoxylic acid, avoiding harmful substances from traditional processes and significantly reducing "three wastes" emissions[76](index=76&type=chunk)[77](index=77&type=chunk) - The company possesses advanced large ozone generator manufacturing technology and VPSA on-site oxygen generation technology, providing unique advantages and technical support for glyoxylic acid industrialization[78](index=78&type=chunk) - The glyoxylic acid production project is located in Shihezi City, Xinjiang, close to raw material sources, allowing stable procurement of maleic anhydride at lower prices and enjoying preferential electricity rates, significantly reducing production costs[79](index=79&type=chunk) - A portion of the by-product potassium formate can be consumed locally in Xinjiang, reducing transportation costs and increasing product added value[79](index=79&type=chunk) [Analysis of Principal Businesses](index=28&type=section&id=III.%20Analysis%20of%20Principal%20Businesses) During the reporting period, the company's principal business revenue increased by 22.99%, with large ozone generator systems showing strong growth and glyoxylic acid products facing negative gross margins Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (CNY) | Previous Year's Corresponding Period (CNY) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 258,795,067.52 | 210,421,779.94 | 22.99% | Not applicable | | Operating Cost | 207,585,324.61 | 172,342,950.15 | 20.45% | Not applicable | | Selling Expenses | 14,703,251.41 | 17,309,723.51 | -15.06% | Not applicable | | Administrative Expenses | 19,603,283.24 | 22,486,145.90 | -12.82% | Not applicable | | Financial Expenses | 2,763,987.99 | 2,593,469.37 | 6.57% | Not applicable | | Income Tax Expense | 353,265.53 | -5,264,090.70 | 106.71% | Reduced loss this year and unchanged subsidiary income tax rate | | R&D Investment | 8,750,004.45 | 9,459,326.79 | -7.50% | Not applicable | | Net Cash Flow from Operating Activities | -9,542,247.81 | -31,699,183.64 | 69.90% | Increase in cash received from sales and decrease in cash paid for purchases | | Net Cash Flow from Investing Activities | -5,372,499.24 | -25,809,968.52 | 79.18% | Decrease in infrastructure and renovation payments by subsidiaries | | Net Cash Flow from Financing Activities | -24,801,084.47 | 6,969,269.02 | -455.86% | Decrease in new borrowings compared to the previous year | Products or Services Accounting for More Than 10% of Revenue | Product or Service | Operating Revenue | Operating Cost | Gross Margin | Year-on-Year Change in Operating Revenue | Year-on-Year Change in Operating Cost | Year-on-Year Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Large Ozone Generator System Equipment and Accessories | 116,626,426.43 | 82,083,958.34 | 29.62% | 41.79% | 45.97% | -2.01% | | Glyoxylic Acid and its By-products | 106,052,524.49 | 107,086,577.88 | -0.98% | 13.96% | 7.84% | 5.73% | [Analysis of Non-Principal Businesses](index=29&type=section&id=IV.%20Analysis%20of%20Non-Principal%20Businesses) The company reported no non-principal business revenue during the reporting period [Analysis of Assets and Liabilities](index=29&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, total assets slightly decreased, and net assets attributable to shareholders declined by 3.51%, influenced by changes in cash, inventory, and reclassification of long-term debt Significant Changes in Asset Composition | Item | Amount at Period End (CNY) | Proportion of Total Assets | Amount at Previous Year End (CNY) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 76,310,705.75 | 4.38% | 115,886,287.85 | 6.61% | -2.23% | Increase in inventory, decrease in working capital loans | | Accounts Receivable | 204,650,567.59 | 11.75% | 193,740,640.69 | 11.05% | 0.70% | Not applicable | | Inventory | 447,924,606.83 | 25.73% | 430,153,584.26 | 24.53% | 1.20% | Not applicable | | Short-term Borrowings | 0 | 0.00% | 30,030,708.33 | 1.71% | -1.71% | Repayment of short-term borrowings | | Long-term Borrowings | 42,500,000.00 | 2.44% | 74,000,000.00 | 4.22% | -1.78% | Reclassification of long-term borrowings to non-current liabilities due within one year | | Non-current Liabilities Due Within One Year | 107,133,938.55 | 6.15% | 33,518,790.52 | 1.91% | 4.24% | Increase in long-term borrowings due within one year | | Less: Treasury Stock | 61,166,798.46 | 3.51% | 30,171,561.02 | 1.72% | 1.79% | Repurchase of company shares | Asset Rights Restricted as of the End of the Reporting Period | Asset | Type of Right Restriction | Book Value (CNY 10,000) | Proportion of Total Assets | | :--- | :--- | :--- | :--- | | Land | Mortgage | 141.42 | 0.08% | | Buildings | Mortgage | 2,098.62 | 1.21% | | Performance Guarantee Deposit | Pledge | 70.92 | 0.04% | | Bank Deposits | Frozen | 343.39 | 0.20% | | **Total** | | **2,654.34** | **1.52%** | [Analysis of Investment Status](index=31&type=section&id=VI.%20Analysis%20of%20Investment%20Status) The company's investment decreased by 61.54% year-on-year, with overall raised capital utilization at 91.74%, though some projects underperformed due to market and anti-dumping factors Investment Amount During the Reporting Period | Indicator | Amount (CNY) | | :--- | :--- | | Investment Amount in Current Reporting Period | 5,000,000.00 | | Investment Amount in Previous Year's Corresponding Period | 13,000,000.00 | | Change Percentage | -61.54% | Overall Utilization of Raised Funds | Fundraising Method | Net Raised Funds (CNY 10,000) | Total Raised Funds Used (CNY 10,000) | Proportion of Raised Funds Used at Period End | | :--- | :--- | :--- | :--- | | Initial Public Offering | 30,849.8 | 25,884.81 | 83.91% | | Issuance of Shares to Specific Objects | 35,073.89 | 34,590.37 | 98.62% | | **Total** | **65,923.69** | **60,475.18** | **91.74%** | - The 25,000 tons/year high-quality crystalline glyoxylic acid project (Phase I) did not meet expected benefits in the first half of 2025, primarily due to downstream demand, capacity utilization, fixed asset depreciation, and EU anti-dumping measures[98](index=98&type=chunk) Overview of Wealth Management | Specific Type | Wealth Management Amount (CNY 10,000) | Unmatured Balance (CNY 10,000) | | :--- | :--- | :--- | | Brokerage Wealth Management Products | 6,102.33 | 6,102.33 | [Significant Asset and Equity Sales](index=37&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Sales) The company did not engage in any significant asset or equity sales during the reporting period - The company did not sell significant assets during the reporting period[105](index=105&type=chunk) - The company did not sell significant equity during the reporting period[106](index=106&type=chunk) [Analysis of Major Holding and Participating Companies](index=37&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Key subsidiaries, including Xinjiang Guolin New Materials, Qingdao Guolin Semiconductor, and Qingdao Guolin Health Technology, reported losses due to low capacity utilization, long product validation cycles, and high initial investment Financial Status of Major Subsidiaries (H1 2025) | Company Name | Registered Capital (CNY 10,000) | Total Assets (CNY 10,000) | Net Assets (CNY 10,000) | Operating Revenue (CNY 10,000) | Net Profit (CNY 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Xinjiang Guolin New Materials Co Ltd | 10,000.00 | 70,999.16 | 23,764.90 | 10,403.20 | -1,589.38 | | Qingdao Guolin Semiconductor Technology Co Ltd | 4,500.00 | 11,419.11 | 5,525.10 | 978.42 | -267.54 | | Qingdao Guolin Health Technology Co Ltd | 1,000.00 | 5,538.72 | -1,922.50 | 126.91 | -481.26 | - Xinjiang Guolin New Materials' loss is primarily due to low capacity utilization, which prevents the absorption of manufacturing overheads, leading to higher unit costs[108](index=108&type=chunk) - Guolin Semiconductor's loss is mainly due to being in its early development stage, with a long product validation cycle, high costs and expenses, and some consigned inventory not yet reaching the revenue recognition point[110](index=110&type=chunk) - Guolin Health's loss is primarily due to being in its early development stage, with significant investment and high related costs and expenses[111](index=111&type=chunk) [Information on Structured Entities Controlled by the Company](index=39&type=section&id=IX.%20Information%20on%20Structured%20Entities%20Controlled%20by%20the%20Company) The company reported no controlled structured entities during the reporting period [Risks Faced by the Company and Countermeasures](index=39&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks from intensified competition, market fluctuations, tax policy changes, technology leakage, accounts receivable, and declining gross margins, addressed by innovation, cost control, and internal governance - Risks of intensified industry competition and market demand fluctuations: The ozone equipment market faces increased competition, and downstream demand for glyoxylic acid and potassium formate is sluggish, leading to continued price declines[39](index=39&type=chunk)[40](index=40&type=chunk) - Risks of tax policy changes: Expiration of high-tech enterprise certificates or policy changes may lead to reduced tax incentives[40](index=40&type=chunk) - Risks of maintaining continuous technological leadership and technology leakage: Failure to correctly grasp technological trends or loss of core technical personnel could lead to technological obsolescence or leakage risks[40](index=40&type=chunk) - Risks of bad debts from accounts receivable: Expanding business scale leads to high accounts receivable, and if debtors' financial conditions deteriorate, bad debts may arise[116](index=116&type=chunk)[117](index=117&type=chunk) - Risks of declining gross margin: Changes in environmental policies, rising raw material costs, intensified market competition, and lower gross margins from new field orders may lead to gross margin fluctuations or declines[119](index=119&type=chunk) - Countermeasures include continuous innovation, improving process levels, reducing costs, strengthening customer classification management, improving internal controls, establishing reasonable compensation systems, and enhancing safety management[113](index=113&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk)[117](index=117&type=chunk)[118](index=118&type=chunk)[119](index=119&type=chunk)[120](index=120&type=chunk) [Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=42&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) The company hosted an online investor communication event on May 12, 2025, with details disclosed on the Juchao Information Network - On May 12, 2025, the company hosted an online communication event for unspecified investors via the "Panorama Roadshow" network platform[121](index=121&type=chunk) - The main content discussed was investor relations activities, and the relevant record form has been disclosed on the Juchao Information Network[121](index=121&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=42&type=section&id=XII.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company has not formulated a market value management system nor disclosed a valuation enhancement plan - The company has not formulated a market value management system[122](index=122&type=chunk) - The company has not disclosed a valuation enhancement plan[122](index=122&type=chunk) [Implementation of "Quality and Return Dual Enhancement" Action Plan](index=42&type=section&id=XIII.%20Implementation%20of%20%22Quality%20and%20Return%20Dual%20Enhancement%22%20Action%20Plan) The company has not disclosed an announcement regarding the "Quality and Return Dual Enhancement" action plan - The company has not disclosed an announcement regarding the "Quality and Return Dual Enhancement" action plan[122](index=122&type=chunk) [Corporate Governance, Environment, and Society](index=43&type=section&id=Item%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section covers changes in the company's governance, profit distribution plans, employee incentives, environmental disclosures, and social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=43&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Vice General Managers Xiao Shenglong and Liu Benguo were dismissed due to job reassignments during the reporting period Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Xiao Shenglong | Vice General Manager | Dismissal | April 23, 2025 | Job reassignment | | Liu Benguo | Vice General Manager | Dismissal | April 23, 2025 | Job reassignment | [Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period](index=43&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20During%20the%20Reporting%20Period) The company plans no cash dividends, bonus shares, or capital reserve conversions for the semi-annual period - The company plans no cash dividends, bonus shares, or capital reserve conversions into share capital for the semi-annual period[125](index=125&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=43&type=section&id=III.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[126](index=126&type=chunk) [Environmental Information Disclosure](index=43&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[127](index=127&type=chunk) [Social Responsibility](index=43&type=section&id=V.%20Social%20Responsibility) The company actively fulfills its social responsibilities by prioritizing shareholder returns, customer service, employee development, ethical operations, and environmental technology innovation - The company highly values investor protection, optimizes investor return mechanisms, and strictly fulfills information disclosure obligations[128](index=128&type=chunk) - The company continuously enhances customer satisfaction by improving product technology content and quality; it adheres to integrity with suppliers, strictly fulfilling contractual obligations[129](index=129&type=chunk) - The company continuously improves its human resource management system, legally safeguards employees' legitimate rights and interests, and cares for employee growth, health, and safety[130](index=130&type=chunk) - The company operates with integrity, abides by laws and regulations, actively pays taxes, promotes employment, and is committed to green environmental protection and energy conservation through technological innovation[131](index=131&type=chunk) [Significant Matters](index=45&type=section&id=Item%20V%20Significant%20Matters) This section addresses commitments, fund occupation, guarantees, auditor appointments, litigation, penalties, integrity, related party transactions, contracts, and other significant events [Commitments Fulfilled and Overdue Unfulfilled by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=45&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20by%20the%20Company's%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company reported no fulfilled or overdue unfulfilled commitments by its actual controller, shareholders, related parties, acquirers, or the company itself - The company reported no commitments by its actual controller, shareholders, related parties, acquirers, or the company itself that were fulfilled during the reporting period or overdue and unfulfilled as of the end of the reporting period[133](index=133&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties of the Listed Company](index=45&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20of%20the%20Listed%20Company) The company reported no non-operating fund occupation by controlling shareholders or other related parties during the reporting period - The company reported no non-operating fund occupation by controlling shareholders or other related parties of the listed company during the reporting period[134](index=134&type=chunk) [Irregular External Guarantees](index=45&type=section&id=III.%20Irregular%20External%20Guarantees) The company reported no irregular external guarantees during the reporting period - The company reported no irregular external guarantees during the reporting period[135](index=135&type=chunk) [Appointment and Dismissal of Accounting Firms](index=45&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[136](index=136&type=chunk) [Explanations by the Board of Directors, Supervisory Board, and Audit Committee on the "Non-Standard Audit Report" for the Current Reporting Period](index=45&type=section&id=V.%20Explanations%20by%20the%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Audit%20Committee%20on%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Reporting%20Period) The company reported no non-standard audit report for the current period [Explanations by the Board of Directors on the "Non-Standard Audit Report" for the Previous Year](index=45&type=section&id=VI.%20Explanations%20by%20the%20Board%20of%20Directors%20on%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Previous%20Year) The company reported no explanations regarding a non-standard audit report for the previous year [Bankruptcy and Reorganization Matters](index=45&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company reported no bankruptcy or reorganization matters during the reporting period - The company reported no bankruptcy or reorganization matters during the reporting period[137](index=137&type=chunk) [Litigation Matters](index=45&type=section&id=VIII.%20Litigation%20Matters) The company had no major litigation or arbitration matters. However, it faced multiple other cases totaling **CNY 34.2286 million**, including a **USD 46 million** equipment contract dispute with Vientiane Mining Co Ltd - The company had no major litigation or arbitration matters during the current reporting period[138](index=138&type=chunk) Summary of Other Litigation and Arbitration Matters | Involved Amount (CNY 10,000) | Provision for Estimated Liabilities | Litigation (Arbitration) Progress | Outcome and Impact | | :--- | :--- | :--- | :--- | | 3,422.86 | No | Under review/execution (18 cases under review, 23 cases under execution, 24 cases in bankruptcy liquidation) | Under execution | - The company has an equipment contract dispute with Vientiane Mining Co Ltd, with an estimated amount of approximately **USD 46 million**, which has been filed with the Hong Kong High Court but has not yet been heard[139](index=139&type=chunk)[157](index=157&type=chunk)[158](index=158&type=chunk) [Penalties and Rectification](index=46&type=section&id=IX.%20Penalties%20and%20Rectification) The company reported no penalties or rectification situations during the reporting period - The company reported no penalties or rectification situations during the reporting period[140](index=140&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=46&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company reported no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period - The company reported no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period[141](index=141&type=chunk) [Significant Related Party Transactions](index=46&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) The company engaged in minor related party transactions for goods and leases but no significant transactions related to daily operations, asset sales, joint investments, or debt - The company reported no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, or related party creditor/debtor relationships during the reporting period[141](index=141&type=chunk)[142](index=142&type=chunk)[143](index=143&type=chunk)[144](index=144&type=chunk) Related Party Transactions for Purchase and Sale of Goods/Acceptance of Services | Related Party | Related Transaction Content | Amount in Current Period (CNY) | Approved Transaction Limit (CNY) | | :--- | :--- | :--- | :--- | | Rongcheng Tieshachan Agricultural Technology Co Ltd | Agricultural and sideline products | 63,186.00 | 500,000.00 | - As a lessee, the company has a housing lease with Qingdao Guolin Aquatic Food Co Ltd, with an annual rent of **CNY 175,000.00**[156](index=156&type=chunk)[157](index=157&type=chunk) - The company's actual controller, Ding Xiangpeng, provided a maximum guarantee of **CNY 40 million** for the company[157](index=157&type=chunk) - Remuneration for key management personnel in the current period amounted to **CNY 3,062,440.35**[157](index=157&type=chunk) [Significant Contracts and Their Performance](index=47&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company reported no significant entrustment, contracting, leasing, guarantees, or other major contracts during the reporting period - The company reported no entrustment, contracting, or leasing situations during the reporting period[148](index=148&type=chunk)[149](index=149&type=chunk)[150](index=150&type=chunk) - The company reported no significant guarantee situations during the reporting period[151](index=151&type=chunk) - The company reported no significant contracts related to daily operations or other significant contracts during the reporting period[152](index=152&type=chunk)[153](index=153&type=chunk) [Explanation of Other Significant Matters](index=48&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) The company disclosed its 2025 share repurchase plan, 2024 annual performance forecast, profit distribution plan, impairment provision, cancellation of restricted shares, and vice general manager resignations - The company disclosed its 2025 share repurchase plan and the announcement of obtaining a special loan commitment letter for share repurchase from a financial institution, as well as the announcement of the share repurchase implementation results and share changes[154](index=154&type=chunk) - The company disclosed its 2024 annual performance forecast, profit distribution plan, and impairment provision announcement[154](index=154&type=chunk) - The company disclosed the announcement of invalidating some granted but unvested second-class restricted shares[154](index=154&type=chunk) - The company disclosed the announcement of the vice general manager's resignation[154](index=154&type=chunk) [Significant Matters of the Company's Subsidiaries](index=48&type=section&id=XIV.%20Significant%20Matters%20of%20the%20Company's%20Subsidiaries) Xinjiang Guolin New Materials Co Ltd's glyoxylic acid products face a preliminary anti-dumping duty of **175.8%** from the EU, prompting legal defense and market expansion efforts - The European Commission preliminarily ruled to impose a **175.8%** provisional anti-dumping duty on glyoxylic acid products produced by the company's wholly-owned subsidiary, Xinjiang Guolin New Materials Co Ltd[155](index=155&type=chunk) - The company and its legal team will actively pursue legal defense to achieve a fair and reasonable final ruling[155](index=155&type=chunk) - The company will intensify its efforts to expand international and domestic markets to mitigate the impact of the EU anti-dumping measures on its business operations[155](index=155&type=chunk) [Share Changes and Shareholder Information](index=49&type=section&id=Item%20VI%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital, share repurchases, restricted shares, shareholder numbers, and the status of controlling shareholders and actual controllers Share Change Status (Shares) | Category | Number Before This Change | Proportion Before This Change | Increase/Decrease in This Change (Subtotal) | Number After This Change | Proportion After This Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 37,314,435 | 20.28% | 57,000 | 37,371,435 | 20.31% | | II. Unrestricted Shares | 146,701,444 | 79.72% | -57,000 | 146,644,444 | 79.69% | | III. Total Shares | 184,015,879 | 100.00% | 0 | 184,015,879 | 100.00% | - The company completed a share repurchase from February 8, 2024, to May 7, 2024, repurchasing a total of **2,404,980 shares**, accounting for **1.31%** of the total share capital, with a total transaction amount of **CNY 30,168,426.78**[160](index=160&type=chunk) - The company completed a share repurchase from January 10, 2025, to April 9, 2025, repurchasing a total of **2,285,500 shares**, accounting for **1.24%** of the total share capital, with a total transaction amount of **CNY 30,991,812.00**[164](index=164&type=chunk) [Share Change Status](index=49&type=section&id=I.%20Share%20Change%20Status) During the reporting period, the company's total share capital remained unchanged, but restricted shares increased by **57,000 shares**, while unrestricted shares decreased by the same amount [1. Share Change Status](index=49&type=section&id=1.%20Share%20Change%20Status) The company's total share capital remained unchanged, with a **57,000-share** increase in restricted shares and a corresponding decrease in unrestricted shares Share Change Status (Shares) | Category | Number Before This Change | Proportion Before This Change | Increase/Decrease in This Change (Subtotal) | Number After This Change | Proportion After This Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 37,314,435 | 20.28% | 57,000 | 37,371,435 | 20.31% | | II. Unrestricted Shares | 146,701,444 | 79.72% | -57,000 | 146,644,444 | 79.69% | | III. Total Shares | 184,015,879 | 100.00% | 0 | 184,015,879 | 100.00% | [Progress of Share Repurchase Implementation](index=49&type=section&id=Progress%20of%20Share%20Repurchase%20Implementation) The company completed two share repurchase plans in 2024 and 2025, acquiring **1.31%** and **1.24%** of its total share capital, respectively, meeting the minimum targets - The 2024 share repurchase has been completed, with a cumulative repurchase of **2,404,980 shares**, accounting for **1.31%** of the total share capital, and a total transaction amount of **CNY 30,168,426.78**[160](index=160&type=chunk) - The 2025 share repurchase has been completed, with a cumulative repurchase of **2,285,500 shares**, accounting for **1.24%** of the total share capital, and a total transaction amount of **CNY 30,991,812.00**[164](index=164&type=chunk) - Both repurchases reached the lower limit of the repurchase plan's share quantity, complying with the company's share repurchase plan and relevant laws and regulations[160](index=160&type=chunk)[164](index=164&type=chunk) [2. Changes in Restricted Shares](index=51&type=section&id=2.%20Changes%20in%20Restricted%20Shares) At the end of the reporting period, several executives held restricted shares, with Xiao Shenglong and Liu Benguo's shares fully locked due to their resignation as directors Changes in Restricted Shares (Shares) | Shareholder Name | Restricted Shares at Period Start | Restricted Shares Increased in Current Period | Restricted Shares at Period End | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Ding Xiangpeng | 32,677,710 | 0 | 32,677,710 | Executive restricted shares | | Wang Chengbao | 2,438,775 | 0 | 2,438,775 | Executive restricted shares | | Ding Xiangcai | 765,450 | 0 | 765,450 | Executive restricted shares | | Xu Hongkui | 500,475 | 0 | 500,475 | Executive restricted shares | | Xiao Shenglong | 116,100 | 38,700 | 154,800 | Executive restricted shares (resigned director) | | Liu Benguo | 54,900 | 18,300 | 73,200 | Executive restricted shares (resigned director) | | Li Yang | 91,425 | 0 | 91,425 | Executive restricted shares | | Duan Wei | 64,800 | 0 | 64,800 | Executive restricted shares | | Ding Xiangjun | 459,000 | 0 | 459,000 | Executive restricted shares | | Hu Wenjia | 145,800 | 0 | 145,800 | Executive restricted shares | | **Total** | **37,314,435** | **57,000** | **37,371,435** | | - Xiao Shenglong and Liu Benguo, due to their resignation as directors, had all their company shares locked for six months after their departure[166](index=166&type=chunk)[167](index=167&type=chunk) [Securities Issuance and Listing](index=52&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company reported no securities issuance or listing activities during the reporting period [Number of Shareholders and Shareholding Status](index=52&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Status) As of the end of the reporting period, the company had **24,374** common shareholders, with controlling shareholder Ding Xiangpeng holding **23.68%** of shares - The total number of common shareholders at the end of the reporting period was **24,374**[169](index=169&type=chunk) Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at Period End | Number of Restricted Shares Held | Number of Unrestricted Shares Held | | :--- | :--- | :--- | :--- | :--- | :--- | | Ding Xiangpeng | Domestic Natural Person | 23.68% | 43,570,280 | 32,677,710 | 10,892,570 | | Wang Chengbao | Domestic Natural Person | 1.77% | 3,251,700 | 2,438,775 | 812,925 | | Zhang Lei | Domestic Natural Person | 1.18% | 2,170,000 | 0 | 2,170,000 | | Huang Xindong | Domestic Natural Person | 0.90% | 1,655,100 | 0 | 1,655,100 | | Wang Haiyan | Domestic Natural Person | 0.71% | 1,300,000 | 0 | 1,300,000 | | He Yujie | Domestic Natural Person | 0.66% | 1,213,600 | 0 | 1,213,600 | | Wang Wei | Domestic Natural Person | 0.63% | 1,163,760 | 0 | 1,163,760 | | Wang Huasheng | Domestic Natural Person | 0.56% | 1,024,560 | 0 | 1,024,560 | | Ding Xiangcai | Domestic Natural Person | 0.55% | 1,020,600 | 765,450 | 255,150 | | UBS AG | Overseas Legal Person | 0.55% | 1,007,225 | 0 | 1,007,225 | - The company's special securities account for share repurchase is one of the top ten shareholders, holding **2.55%** of the company's total share capital[170](index=170&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=53&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period - The shareholdings of the company's directors, supervisors, and senior management did not change during the reporting period[171](index=171&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=53&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder did not change during the reporting period[172](index=172&type=chunk) - The company's actual controller did not change during the reporting period[173](index=173&type=chunk) [Preferred Share Information](index=54&type=section&id=VI.%20Preferred%20Share%20Information) The company reported no preferred shares during the reporting period - The company had no preferred shares during the reporting period[174](index=174&type=chunk) [Bond-Related Information](index=55&type=section&id=Item%20VII%20Bond-Related%20Information) The company reported no bond-related information during the reporting period [Financial Report](index=56&type=section&id=Item%20VIII%20Financial%20Report) This section presents the company's unaudited financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, along with accounting policies and notes [Audit Report](index=56&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[178](index=178&type=chunk) [Financial Statements](index=56&type=section&id=II.%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025 [1. Consolidated Balance Sheet](index=56&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's consolidated total assets were **CNY 1,741,026,641.31**, with total liabilities of **CNY 604,557,104.88** and total owners' equity of **CNY 1,136,469,536.43** Consolidated Balance Sheet Key Data (June 30, 2025) | Item | Period-End Balance (CNY) | Period-Beginning Balance (CNY) | | :--- | :--- | :--- | | Monetary Funds | 76,310,705.75 | 115,886,287.85 | | Trading Financial Assets | 61,023,293.02 | 56,500,860.85 | | Notes Receivable | 52,274,277.85 | 39,797,350.84 | | Accounts Receivable | 204,650,567.59 | 193,740,640.69 | | Inventory | 447,924,606.83 | 430,153,584.26 | | Contract Assets | 28,568,460.34 | 26,182,025.68 | | Total Assets | 1,741,026,641.31 | 1,753,496,741.59 | | Short-term Borrowings | 0 | 30,030,708.33 | | Contract Liabilities | 162,885,133.78 | 148,218,614.80 | | Non-current Liabilities Due Within One Year | 107,133,938.55 | 33,518,790.52 | | Long-term Borrowings | 42,500,000.00 | 74,000,000.00 | | Total Liabilities | 604,557,104.88 | 574,653,606.82 | | Total Owners' Equity Attributable to Parent Company | 1,118,042,781.78 | 1,158,760,688.34 | | Total Owners' Equity | 1,136,469,536.43 | 1,178,843,134.77 | [2. Parent Company Balance Sheet](index=58&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were **CNY 1,660,355,893.98**, with total liabilities of **CNY 409,165,629.79** and total owners' equity of **CNY 1,251,190,264.19** Parent Company Balance Sheet Key Data (June 30, 2025) | Item | Period-End Balance (CNY) | Period-Beginning Balance (CNY) | | :--- | :--- | :--- | | Monetary Funds | 65,949,418.97 | 95,489,200.63 | | Trading Financial Assets | 42,605,592.37 | 37,309,360.89 | | Accounts Receivable | 219,685,030.17 | 212,203,534.37 | | Inventory | 305,510,541.73 | 300,069,890.51 | | Long-term Equity Investments | 411,377,728.24 | 411,377,728.24 | | Total Assets | 1,660,355,893.98 | 1,666,423,566.56 | | Short-term Borrowings | 0 | 30,030,708.33 | | Contract Liabilities | 156,994,484.02 | 143,397,773.13 | | Non-current Liabilities Due Within One Year | 92,687,738.61 | 14,255,826.27 | | Long-term Borrowings | 42,500,000.00 | 74,000,000.00 | | Total Liabilities | 409,165,629.79 | 394,173,406.67 | | Total Owners' Equity | 1,251,190,264.19 | 1,272,250,159.89 | [3. Consolidated Income Statement](index=60&type=section&id=3.%20Consolidated%20Income%20Statement) In the first half of 2025, consolidated operating revenue increased by **22.99%** to **CNY 258,795,067.52**, and net loss attributable to parent company shareholders narrowed by **59.97%** Consolidated Income Statement Key Data (H1 2025 vs H1 2024) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 258,795,067.52 | 210,421,779.94 | | Total Operating Costs | 256,547,479.66 | 227,159,369.50 | | Operating Profit | -9,712,215.53 | -31,972,720.06 | | Total Profit | -10,420,225.29 | -31,891,473.60 | | Net Profit | -10,773,490.82 | -26,627,382.90 | | Net Profit Attributable to Parent Company Shareholders | -9,881,695.08 | -24,684,996.97 | | Basic Earnings Per Share (CNY/Share) | -0.05 | -0.13 | | Diluted Earnings Per Share (CNY/Share) | -0.05 | -0.13 | [4. Parent Company Income Statement](index=62&type=section&id=4.%20Parent%20Company%20Income%20Statement) In the first half of 2025, parent company operating revenue increased by **18.10%** to **CNY 147,420,704.28**, and net profit increased by **115.00%** to **CNY 9,935,341.74** Parent Company Income Statement Key Data (H1 2025 vs H1 2024) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Operating Revenue | 147,420,704.28 | 124,820,500.05 | | Operating Profit | 13,148,492.88 | 4,872,918.56 | | Total Profit | 12,428,941.48 | 4,960,151.69 | | Net Profit | 9,935,341.74 | 4,621,215.17 | [5. Consolidated Cash Flow Statement](index=63&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) In the first half of 2025, net cash flow from operating activities improved by **69.90%** to **-CNY 9,542,247.81**, while net cash flow from financing activities decreased by **455.86%** Consolidated Cash Flow Statement Key Data (H1 2025 vs H1 2024) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -9,542,247.81 | -31,699,183.64 | | Net Cash Flow from Investing Activities | -5,372,499.24 | -25,809,968.52 | | Net Cash Flow from Financing Activities | -24,801,084.47 | 6,969,269.02 | | Net Increase in Cash and Cash Equivalents | -39,715,831.52 | -50,539,883.14 | | Cash and Cash Equivalents at Period End | 72,167,656.45 | 130,340,036.13 | [6. Parent Company Cash Flow Statement](index=64&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) In the first half of 2025, net cash flow from operating activities increased by **97.43%** to **CNY 18,424,720.10**, while net cash flow from financing activities decreased by **289.86%** Parent Company Cash Flow Statement Key Data (H1 2025 vs H1 2024) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,424,720.10 | 9,332,135.35 | | Net Cash Flow from Investing Activities | -30,435,153.30 | -33,182,503.33 | | Net Cash Flow from Financing Activities | -17,669,597.88 | 9,305,895.50 | | Net Increase in Cash and Cash Equivalents | -29,680,031.08 | -14,544,472.48 | | Cash and Cash Equivalents at Period End | 61,806,369.67 | 111,281,092.50 | [7. Consolidated Statement of Changes in Owners' Equity](index=66&type=section&id=7.%20Consolidated%20Statement%20of%20Changes%20in%20Owners'%20Equity) In the first half of 2025, consolidated owners' equity decreased by **CNY 42,373,598.34**, primarily due to net loss attributable to the parent company and an increase in treasury stock Consolidated Statement of Changes in Owners' Equity (H1 2025) | Item | Share Capital (CNY) | Capital Reserve (CNY) | Less: Treasury Stock (CNY) | Surplus Reserve (CNY) | Undistributed Profit (CNY) | Total Owners' Equity Attributable to Parent Company (CNY) | Minority Interests (CNY) | Total Owners' Equity (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Balance at Period Start | 184,015,879.00 | 652,369,540.74 | 30,171,561.02 | 51,683,918.70 | 300,862,910.92 | 1,158,760,688.34 | 20,082,446.43 | 1,178,843,134.77 | | Changes in Current Period | 0 | 159,025.96 | 30,995,237.44 | 0 | -9,881,695.08 | -40,717,906.56 | -1,655,691.78 | -42,373,598.34 | | Balance at Period End | 184,015,879.00 | 652,528,566.70 | 61,166,798.46 | 51,683,918.70 | 290,981,215.84 | 1,118,042,781.78 | 18,426,754.65 | 1,136,469,536.43 | [8. Parent Company Statement of Changes in Owners' Equity](index=72&type=section&id=8.%20Parent%20Company%20Statement%20of%20Changes%20in%20Owners'%20Equity) In the first half of 2025, parent company owners' equity decreased by **CNY 21,059,895.70**, influenced by increased net profit and treasury stock Parent Company Statement of Changes in Owners' Equity (H1 2025) | Item | Share Capital (CNY) | Capital Reserve (CNY) | Less: Treasury Stock (CNY) | Surplus Reserve (CNY) | Undistributed Profit (CNY) | Total Owners' Equity (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Balance at Period Start | 184,015,879.00 | 628,252,499.12 | 30,171,561.02 | 51,945,911.22 | 438,207,431.57 | 1,272,250,159.89 | | Changes in Current Period | 0 | 0 | 30,995,237.44 | 0 | 9,935,341.74 | -21,059,895.70 | | Balance at Period End | 184,015,879.00 | 628,252,499.12 | 61,166,798.46 | 51,945,911.22 | 448,142,773.31 | 1,251,190,264.19 | [Company Overview](index=75&type=section&id=III.%20Company%20Overview) Qingdao Guolin Technology Group Co Ltd, listed on the Shenzhen Stock Exchange since 2019, specializes in ozone equipment and chemical products, with Ding Xiangpeng as the ultimate controlling shareholder - The company was listed on the ChiNext board of the Shenzhen Stock Exchange on July 23, 2019, with a registered capital of **CNY 184,015,879.00**[212](index=212&type=chunk) - The company belongs to the special equipment manufacturing industry, while its subsidiary Xinjiang Guolin New Materials Co Ltd belongs to the other basic chemical raw material manufacturing industry[213](index=213&type=chunk) - The company's main products are large ozone generators and system integration equipment, and its subsidiary Xinjiang Guolin New Materials mainly produces glyoxylic acid and its by-product potassium formate[213](index=213&type=chunk) - A total of **8 subsidiaries** were included in the scope of consolidation for the current period, with no changes in the consolidation scope[214](index=214&type=chunk) [Basis of Financial Statement Preparation](index=75&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) The financial statements are prepared in accordance with enterprise accounting standards and CSRC regulations, using the accrual basis and historical cost, with no significant going concern doubts - The financial statements are prepared in accordance with the Enterprise Accounting Standards issued by the Ministry of Finance and the "Compilation Rules for Information Disclosure by Companies Issuing Securities to the Public No 15—General Provisions for Financial Reports" issued by the China Securities Regulatory Commission[216](index=216&type=chunk) - The company evaluated its ability to continue as a going concern for 12 months from the end of the reporting period and found no significant doubts[217](index=217&type=chunk) - Accounting is based on the accrual basis, with historical cost as the measurement basis, and some financial instruments are measured at fair value[218](index=218&type=chunk) [Significant Accounting Policies and Estimates](index=76&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's accounting policies and estimates for areas like accounts receivable, inventory, and revenue recognition, ensuring compliance with enterprise accounting standards - The company adheres to enterprise accounting standards to truly and completely reflect its financial position, operating results, and cash flows[220](index=220&type=chunk) - The company uses a 12-month period as its operating cycle and adopts Renminbi as its functional currency[222](index=222&type=chunk)[223](index=223&type=chunk) - Detailed accounting treatment methods for business combinations under common control and non-common control are specified[227](index=227&type=chunk)[229](index=229&type=chunk) - Financial assets are classified into three categories based on business model and contractual cash flow characteristics: measur

证券代码：300786 证券简称：国林科技 公告编号：2025-062 青岛国林科技集团股份有限公司 2025 年半年度募集资金存放与使用情况的专项报告 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 性陈述或者重大遗漏。 一、募集资金基本情况 （一）首次公开发行股票 经中国证券监督管理委员会证监许可[2021]673号文核准，并经深圳证券交 易所同意，本公司由主承销商华福证券有限责任公司于2021年8月10日向社会公 众公开发行普通股（A 股）股票1,679.1044万股，每股面值1元，每股发行价人 民币21.44元。截至2021年8月10日止，本公司共募集资金359,999,983.36元，扣除 发行费用（不含税）9,261,123.22元，募集资金净额350,738,860.14元。 截至2021年8月10日，本公司上述发行募集的资金已全部到位，业经大华会 计师事务所（特殊普通合伙）以"大华验字[2021]000408号"验资报告验证确认。 2021年8月10日，华福证券有限责任公司扣除承销及保荐费后，向公司实际 缴入的股款金额为人民币351,509,417.72元。公司于 ...

青岛国林科技集团股份有限公司 2025 年半年度财务报告 青岛国林科技集团股份有限公司 2025 年半年度财务报告 2025-061 2025 年 8 月 29 日 1 青岛国林科技集团股份有限公司 2025 年半年度财务报告 一、审计报告 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：青岛国林科技集团股份有限公司 2025 年 06 月 30 日 | | | 单位：元 | | --- | --- | --- | | 项目 | 期末余额 | 期初余额 | | 流动资产： | | | | 货币资金 | 76,310,705.75 | 115,886,287.85 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 61,023,293.02 | 56,500,860.85 | | 衍生金融资产 | | | | 应收票据 | 52,274,277.85 | 39,797,350.84 | | 应收账款 | 204,650,567.59 | 193,740,640.69 | | 应收款项融资 | 11,244,832.81 | 8,516,972.31 | | 预付款项 | ...

证券代码：300786 证券简称：国林科技 公告编号：2025-066 青岛国林科技集团股份有限公司 关于修订《公司章程》并调整组织架构及修订、制定 部分公司治理制度的公告 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 性陈述或者重大遗漏。 青岛国林科技集团股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召开的第五届董事会第十一次会议和第五届监事会第十一次会议，审议通过了 《关于修订〈公司章程〉并调整公司组织架构的议案》《关于修订、制定公司部 分治理制度的议案》，现就相关内容公告如下： 一、修订《公司章程》并调整组织架构及修订、制定相关治理制度的原因 及依据 根据《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》及 《上市公司章程指引》的有关规定，并结合公司实际情况，公司拟对《公司章程》 相关内容进行修订；同步调整公司组织架构，不再设置监事会，监事会成员段玮、 李旸、孙茜任期终止，监事会的职权由董事会审计委员会行使，《监事会议事规 则》等监事会相关制度相应废止，同时《公司章程 ...

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 性陈述或者重大遗漏。 2025 年 8 月 28 日，青岛国林科技集团股份有限公司（以下简称"公司"） 召开第五届董事会第十一次会议和第五届监事会第十一次会议，审议通过《关于 公司〈2025 年半年度报告〉及其摘要的议案》。 为使投资者全面了解本公司的经营成果、财务状况及未来发展规划，《青岛 国林科技集团股份有限公司 2025 年半年度报告》及《青岛国林科技集团股份有 限公司 2025 年半年度报告摘要》于 2025 年 8 月 29 日在中国证监会指定的信息 披露网站巨潮资讯网（http://www.cninfo.com.cn）披露，敬请投资者注意查阅。 特此公告。 青岛国林科技集团股份有限公司 证券代码：300786 证券简称：国林科技 公告编号：2025-058 青岛国林科技集团股份有限公司 2025 年半年度报告披露提示性公告 2025 年 8 月 29 日 董事会 ...

青岛国林科技集团股份有限公司（以下简称"公司"）根据《企业会计准则》 及公司会计政策等相关规定，对截至 2025 年 6 月 30 日合并报表范围内可能发生 减值迹象的资产进行了全面检查和减值测试。本次计提减值准备事项已经公司董 事会审计委员会审议通过，无需提交公司董事会、股东大会审议。现将相关情况 公告如下： 一、本次计提减值准备情况概述 （一）本次计提减值准备的原因 为真实反映公司财务状况和经营成果，本着谨慎性原则，依据《企业会计准 则》及公司会计政策的相关规定，公司对合并报表范围内截至 2025 年 6 月 30 日的应收票据、应收账款、其他应收款、合同资产、存货、固定资产、在建工程、 无形资产等资产进行了全面的清查，对各项资产减值的可能性、各类存货的可变 现净值等进行了充分的评估和分析。根据评估和分析的结果判断，公司部分资产 存在一定的减值迹象，应计提相应的减值准备。同时，按照《企业会计准则》及 公司相关会计政策等规定，为了客观、公允地反映公司财务状况和资产价值，对 公司部分无法收回的往来款项进行核销。 证券代码：300786 证券简称：国林科技 公告编号：2025-063 青岛国林科技集团股份有限公 ...

证券代码：300786 证券简称：国林科技 公告编号：2025-086 青岛国林科技集团股份有限公司 关于首次公开发行股票部分募集资金投资项目结项 并将节余募集资金永久补充流动资金 及注销募集资金专户的公告 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 性陈述或者重大遗漏。 青岛国林科技集团股份有限公司（以下简称"公司"）于2025年8月28日召 开第五届董事会第十一次会议和第五届监事会第十一次会议，审议通过《关于首 次公开发行股票部分募集资金投资项目结项并将节余募集资金永久补充流动资 金及注销募集资金专户的议案》。首次公开发行股票募集资金投资项目"基于臭 氧-活性炭技术的生活饮用水提标改造项目"已实施完毕，公司决定对上述募投 项目进行结项，并将节余募集资金永久补充流动资金，同时注销相关募集资金专 用账户。具体情况公告如下： 一、首次公开发行股票募集资金的基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准青岛国 林环保科技股份有限公司首次公开发行股票的批复》（证监许可【2019】1110 号）核准，公司向社会首次公开发行人民币普通股（A股）13,350,00 ...