Financial Performance - The company's operating revenue for the first half of 2025 reached ¥127,868,143.26, representing a 204.86% increase compared to the same period last year[17]. - Net profit attributable to shareholders was ¥31,653,422.32, a significant increase of 2,465.61% year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥28,797,504.33, reflecting an increase of 18,669.84% compared to the previous year[17]. - Basic earnings per share rose to ¥0.4963, marking a 2,471.50% increase from the same period last year[17]. - The company's revenue for the reporting period reached ¥127,868,143.26, a significant increase of 204.86% compared to ¥41,942,791.56 in the same period last year[49]. - Operating profit for the first half of 2025 was ¥33,028,888.51, up from ¥2,952,403.78 in the same period last year[149]. - Net profit for the first half of 2025 was ¥29,659,293.01, compared to ¥3,246,264.75 in the first half of 2024, indicating strong growth[150]. - Total comprehensive income for the first half of 2025 was ¥29,659,293.01, up from ¥3,246,264.75 in the previous year, indicating overall financial health[150]. Assets and Liabilities - The total assets at the end of the reporting period were ¥757,163,232.21, a decrease of 4.42% from the end of the previous year[17]. - The total liabilities decreased from ¥158,044,621.97 to ¥91,268,769.84, a reduction of about 42.2%[138]. - Owner's equity increased from ¥634,097,635.23 to ¥665,894,462.37, an increase of approximately 5%[138]. - Cash and cash equivalents increased to ¥357,934,708.74, representing 47.27% of total assets, up from 18.67% last year, a significant increase of 28.60%[54]. - Accounts receivable rose to ¥91,262,741.81, accounting for 12.05% of total assets, an increase of 3.74% due to higher sales revenue[54]. - Inventory decreased to ¥88,520,817.65, making up 11.69% of total assets, down by 4.30% as a result of cost transfer during the period[54]. - Contract liabilities decreased to ¥57,712,980.53, representing 7.62% of total assets, a decline of 5.61% attributed to increased sales revenue[54]. Cash Flow - The company reported a negative cash flow from operating activities of ¥19,068,191.53, a decline of 151.58% compared to the previous year[17]. - The company’s investment activities resulted in a net cash flow of -¥24,827,566.28, a decrease of 58.24% from -¥15,689,935.63 in the previous year, mainly due to reduced purchases of financial products[49]. - The total cash outflow from operating activities in the first half of 2025 was 78,911,576.14 CNY, compared to 75,817,180.20 CNY in the first half of 2024[151]. - The cash inflow from sales of goods and services was 54,665,120.91 CNY in the first half of 2025, down from 111,951,955.34 CNY in the first half of 2024[151]. Research and Development - Research and development expenses increased by 36.37% to ¥8,995,918.56, primarily due to higher salaries and materials for R&D personnel[49]. - The company has established an expert workstation to enhance its technology innovation system and is currently developing a project on the high-value utilization of biomass materials[45]. - The company is committed to increasing R&D investment to maintain its competitive edge in the increasingly competitive domestic environmental protection industry[79]. - The company has established a research and development center in Shanghai to enhance its technical advantages in membrane technology applications[71]. Market and Industry Trends - The membrane industry in China is expected to achieve an annual growth rate of 10% to 12%, with total output value projected to reach between 500 billion to 600 billion RMB by 2026[25]. - The company is positioned to benefit from the increasing demand for industrial wastewater treatment technologies, driven by stricter environmental regulations and rising industrial wastewater discharge[26]. - The new environmental laws mandate that enterprises must adopt effective measures to collect and treat all wastewater, preventing environmental pollution[28]. - The company has identified significant potential in the agricultural sector for water conservation, which is expected to drive further growth in the industrial water treatment market[29]. Corporate Governance and Compliance - The company actively protects the rights of shareholders, especially minority shareholders, by adhering to relevant laws and regulations and ensuring transparent communication[96]. - The company has established a comprehensive environmental management system and obtained ISO14001 certification, ensuring compliance with environmental responsibilities[94]. - The company has not engaged in any related party transactions during the reporting period, ensuring operational integrity[104]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[98]. Risks and Challenges - The company faces risks related to international business expansion, particularly concerning foreign exchange management and regulatory issues, which could impact profitability[79]. - Accounts receivable risks are increasing due to the expansion of the customer base and industry diversity, prompting the company to implement strict credit management and incentivize collection efforts[79]. - Human resource management risks are being addressed through external recruitment and internal training to ensure a stable talent pool for future growth[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,565[125]. - Major shareholders include Ge Wenyue with a 22.48% stake and three other shareholders each holding 5.31%[125]. - The company has not engaged in any significant mergers or acquisitions during the reporting period[119]. - There were no significant changes in share capital or stock buybacks reported[124]. Fundraising and Investments - The company raised a total of RMB 389.66 million from the public offering, with a net amount of RMB 352.92 million after deducting issuance costs of RMB 36.73 million[66]. - The company has committed to invest a total of 30.0 million in various projects, with a cumulative investment progress of 89.8%[70]. - The company has a total of RMB 197.25 million in its fundraising special account as of the reporting date[67]. Accounting Policies - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2025[172]. - The company has specific accounting policies and estimates related to financial instruments, which are detailed in the financial statements[197][198][199][200].

8月27日，*ST凯鑫大宗交易成交15.89万股，成交额413.14万元，占当日总成交额的10.22%，成交价26元，较市场收盘价27 元折价3.7%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交星 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-27 | 300899 | *ST凯鑫 | 26.00 | 15.89 | 413.14 | 国联民生证券股份 | 国联民生证券股份 | | | | | | | | 有限公司成都锦城 | 有限公司成都锦城 | | | | | | | | 大道证券营业部 | 大道证券营业部 | ...

8月21日，*ST凯鑫（维权）大宗交易成交12.88万股，成交额318.14万元，占当日总成交额的20.73%，成交价24.7元，较市场 收盘价25.36元折价2.6%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-08-21 | 300899 | *ST凯鑫 | 24.70 | 12.88 | 318.14 | 国联民生证券股份 | 国联民生证券股份 | | | | | | | | 有限公司成都锦城 | 有限公司成都锦城 | | | | | | | | 大道证券营业部 | 大道证券营业部 | ...

Group 1 - The core viewpoint highlights the rapid growth and expansion of Weifang Kaisheng New Materials Co., Ltd., which is currently operating at full capacity with orders extending into next year, indicating strong demand for its products [1] - The company produces isophthaloyl chloride, a key monomer for high-performance polymer synthesis, with a current price exceeding 10,000 yuan per ton [1] - The local government in Changyi is focusing on high-quality economic development by promoting the transformation of manufacturing towards high-end, intelligent, and green practices through major projects [1] Group 2 - Changyi is actively attracting and nurturing leading enterprises in ecological industries while extending existing industrial chains to enhance economic resilience [2] - The city has implemented a service mechanism for investment projects in the chemical industry, identifying 56 key projects and streamlining the approval process for various permits [2] - A total of 1,584 enterprises have been visited by local officials to address development challenges, improving the business environment and driving economic growth [2] Group 3 - Changyi is enhancing financial support for enterprises by establishing financial partner teams that engage directly with businesses to understand their operational needs and challenges [3] - The financial partner teams have connected with 378 enterprises, facilitating solutions for financing needs amounting to 2.63 billion yuan [3] - Various specialized financial and technological matchmaking events have been organized to provide comprehensive services to enterprises [3]

北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致：上海凯鑫分离技术股份有限公司 北京市嘉源律师事务所 关于上海凯鑫分离技术股份有限公司 2025 年第一次临时股东大会的法律意见书 北京市嘉源律师事务所 关于上海凯鑫分离技术股份有限公司 2025 年第一次临时股东大会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 嘉源(2025)-04-546 北京市嘉源律师事务所（以下简称"本所"）接受上海凯鑫分离技术股份有 限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有 效的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《上 海凯鑫分离技术股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指 派本所律师对公司 2025 年第一次临时股东大会（以下简称"本次股东大会"）进 行见证，并依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提供 ...

上海凯鑫分离技术股份有限公司 第一章 总则 第一条 为维护上海凯鑫分离技术股份有限公司（以下简称"公司"或"本公 司"）、股东、职工和债权人的合法权益，规范公司的组织和行为，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）及其他相关法律、行政法规和规范性文件的有关规定，制 定本章程。 第二条 公司系由原上海凯鑫分离技术有限公司依据《公司法》和其他有关 规定整体变更设立的股份有限公司。 章程 2025 年 7 月 1 | 第一章 | 总则 3 | | --- | --- | | 第二章 | 经营宗旨和范围 4 | | 第三章 | 股份 4 | | 第一节 | 股份发行 4 | | 第二节 | 股份增减和回购 5 | | 第三节 | 股份转让 6 | | 第四章 | 股东和股东会 8 | | 第一节 | 股东 8 | | 第二节 | 股东会的一般规定 10 | | 第三节 | 股东会的召集 16 | | 第四节 | 股东会的提案与通知 17 | | 第五节 | 股东会的召开 19 | | 第六节 | 股东会的表决和决议 21 | | 第五章 | 董事和 ...

证券代码：300899 证券简称：*ST凯鑫 公告编号：2025-030 上海凯鑫分离技术股份有限公司 2025年第一次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； 1、会议召开的日期、时间 （1）现场会议时间：2025年7月23日（星期三）（14：30） （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年7月23日 上午9:15-9:25，9:30—11:30，下午13:00—15:00； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 通过深圳证券交易所互联网投票系统（http://wltp.cninfo.com.cn）投票的具体 时间为：2025年7月23日上午9:15—下午15:00期间的任意时间。 2、会议地点：上海市浦东新区新金桥路1888号6号楼5层公司会议室。 3、会议的召开方式：本次会议采取现场投票与网络投票相结合的方式召开。 4、股东大会的召集人：公司董事会。公司第四届董事会第六次会 ...

Group 1 - The board of directors of Shanghai Kaixin Separation Technology Co., Ltd. held a meeting where several resolutions were passed, including the revision of the company's articles of association and the abolishment of the supervisory board [1][2] - The company will no longer have a supervisory board, and its functions will be transferred to the audit committee of the board of directors [1][2] - The resolutions regarding the amendments to the articles of association and related governance rules received unanimous approval from the board members [2][3] Group 2 - The company plans to submit the revised articles of association and other governance rules to the shareholders' meeting for approval, requiring a two-thirds majority vote [3][4] - The board approved the appointment of Zhongxinghua Accounting Firm as the financial and internal control auditor for the year 2025 [5] - The company appointed Mr. Yang Qi as the vice general manager, with his term lasting until the end of the fourth board of directors [5][6] Group 3 - The company announced that it will hold its first extraordinary shareholders' meeting of 2025 on July 23, 2025 [5][6]

Meeting Overview - The company will hold its first extraordinary general meeting of shareholders in 2025 on July 23, 2025, at 14:30 [1] - The meeting will be conducted through a combination of on-site voting and online voting [1][2] - The online voting will be available from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the same day [1] Voting Procedures - Shareholders can choose either on-site voting or online voting, but not both; if duplicate votes occur, the first valid vote will be counted [2] - All shareholders registered by the close of trading on the day before the meeting are entitled to attend and vote [2][4] - Specific procedures for natural and legal persons attending the meeting are outlined, including required documentation [5][6] Agenda Items - The meeting will review several proposals, including a significant resolution requiring approval from at least two-thirds of the voting rights present [4] - The proposals include amendments to the "Rules of Procedure for Shareholders' Meetings" and other related regulations [3][4] Registration and Attendance - Shareholders must register to attend the meeting, with specific requirements for documentation based on their status (individual or corporate) [5][6] - Proxy voting is allowed, and the proxy must present appropriate authorization documents [5][9] Online Voting Instructions - Detailed instructions for participating in online voting are provided, including the need for identity verification [6][8] - The online voting system can be accessed via the specified website [6][8]

Core Viewpoint - Shanghai Kaixin Separation Technology Co., Ltd. will abolish its supervisory board, transferring its powers to the audit committee of the board of directors, and amend relevant articles in its articles of association, pending approval at the 2025 annual general meeting of shareholders [1]. Summary by Sections Company Governance - The company aims to enhance its operational standards and governance structure by eliminating the supervisory board [1]. - The powers of the supervisory board will be assumed by the audit committee of the board of directors [1]. Articles of Association Amendments - The company will revise certain provisions in its articles of association to reflect the changes in governance [1]. - Specific amendments include the removal of the supervisory board's meeting rules and adjustments to the responsibilities of the board of directors [1][2]. Legal Compliance - The changes are in accordance with the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2][3]. - The company will ensure that the revised articles of association comply with legal requirements and protect the rights of shareholders and creditors [2][3].