国金证券股份有限公司 关于青岛冠中生态股份有限公司 2025年度向银行等金融机构申请综合授信额度并接受关联方担保 的专项核查意见 国金证券股份有限公司（以下简称"国金证券"、"本保荐机构"）作为青 岛冠中生态股份有限公司（以下简称"公司"、"冠中生态"）首次公开发行股 票并在创业板上市、向不特定对象发行可转换公司债券的持续督导保荐机构， 根据《证券发行上市保荐业务管理办法》、《深圳证券交易所创业板股票上市规 则》、《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范 运作》等相关法律、法规和规范性文件的规定，就冠中生态 2025 年度向银行 等金融机构申请综合授信额度并接受关联方担保进行了审慎核查，核查的具体 情况如下： 一、申请综合授信业务概述 为满足公司生产经营资金需要，进一步拓宽公司融资渠道，公司 2025 年 度拟向银行等金融机构申请综合授信额度不超过人民币 10 亿元。上述综合授 信额度用途包括但不限于流动资金贷款、各类保函、信用证、银行承兑汇票等 银行授信业务（具体授信银行、授信额度、授信期限以实际审批为准）。在综 合授信额度内，由公司控股股东冠中投资、实际控制人李春林先生和许剑平 ...

根据《上市公司独立董事管理办法》、《深圳证券交易所上市 公司自律监管指引第2号——创业板上市公司规范运作》等要求，青 岛冠中生态股份有限公司（以下简称"公司"）董事会就公司在任 独立董事李旭修先生、吕航先生、吴大刚先生的独立性自查情况进 行评估并出具如下专项意见： 经核查公司独立董事李旭修先生、吕航先生、吴大刚先生的任 职经历以及签署的相关自查文件，上述人员未在公司担任除独立董 事以外的任何职务，未在公司主要股东公司担任任何职务，与公司 及主要股东之间不存在利害关系或其他可能妨碍其进行独立客观判 断的关系，不存在影响独立董事独立性的情况。因此，上述独立董 事符合《上市公司独立董事管理办法》、《深圳证券交易所上市公 司自律监管指引第2号——创业板上市公司规范运作》中对独立董事 独立性的相关要求。 青岛冠中生态股份有限公司董事会 青岛冠中生态股份有限公司 董事会关于独立董事独立性自查情况的专项意见 二〇二五年四月二十九日 ...

青岛冠中生态股份有限公司 2024 年度独立董事述职报告 （吕航） 青岛冠中生态股份有限公司各位股东和股东代表： 本人（吕航）作为青岛冠中生态股份有限公司（以下简称"公司"） 的独立董事，在2024年度任职期间严格按照《中华人民共和国公司法》、 《中华人民共和国证券法》、《上市公司独立董事管理办法》、《深 圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范 运作》、《公司章程》及公司《独立董事工作制度》等相关法律、法 规、规章的规定和要求，诚实、勤勉、独立地履行职责，及时了解公 司的生产经营信息，关注公司的发展状况，积极出席公司2024年度召 开的相关会议，认真审议董事会各项议案，充分发挥独立董事的独立 性和专业性作用，维护了公司整体利益，维护了全体股东尤其是中小 股东的合法权益。现将2024年度本人履行独立董事职责情况向各位股 东述职如下： 一、独立董事的基本情况 本人对自身履职的独立性进行了自查，认为本人任职符合《上市 公司独立董事管理办法》《深圳证券交易所上市公司自律监管指引第 2号——创业板上市公司规范运作》等法律、法规、规范性文件及《公 司章程》《独立董事工作制度》中关于独立董事独立性的相 ...

青岛冠中生态股份有限公司 2024 年度独立董事述职报告 （一）出席股东大会及董事会会议情况 报告期内，公司召开股东大会4次、董事会会议9次，本着勤勉尽 责的态度，本人积极参加公司召开的董事会和股东大会，认真审阅会 议材料，出席会议的具体情况如下： | 李旭 修 | | 姓名 | 董事 | | | --- | --- | --- | --- | --- | | 9 | 次数 | 董事会 | 报告期 应参加 | 本 | | 2 7 | | 董事会 加董事会 次数 次数 | 场出席 讯方式参 | 现 以通 | | 0 0 | | 事会次数 会次数 | 委 缺 托出席董 席董事 | | | 否 | 会议 | 加董事会 | 连续两次 未亲自参 | 是否 | | 4 | 数 | 会次 | 席股 东大 | 出 | 本人本年度对提交董事会和股东大会的议案均认真审议，与公司 其他董事和管理层保持了充分沟通，提出了一些合理化建议，以谨慎 的态度行使表决权，本人认为公司董事会会议和股东大会的召集、召 开符合法定程序，重大事项均履行了相关审批程序，合法有效。2024 年本人任职独立董事期间的各项议案均未损害全体股东，尤其是中小 股 ...

青岛冠中生态股份有限公司 2024 年度独立董事述职报告 本人（徐金光）作为青岛冠中生态股份有限公司（以下简称"公 司"）的独立董事，在2024年度任职期间严格按照《中华人民共和国 公司法》、《中华人民共和国证券法》、《上市公司独立董事管理办 法》、《深圳证券交易所上市公司自律监管指引第2号——创业板上市 公司规范运作》、《公司章程》及公司《独立董事工作制度》等相关 法律、法规、规章的规定和要求，诚实、勤勉、独立地履行职责，及 时了解公司的生产经营信息，关注公司的发展状况，积极出席公司 2024年度召开的相关会议，认真审议董事会各项议案，充分发挥独立 董事的独立性和专业性作用，维护了公司整体利益，维护了全体股东 尤其是中小股东的合法权益。现将2024年度本人履行独立董事职责情 况向各位股东述职如下： 一、独立董事的基本情况 报告期内，本人对自身履职的独立性进行了自查，认为本人任职 符合《上市公司独立董事管理办法》《深圳证券交易所上市公司自律 监管指引第2号——创业板上市公司规范运作》等法律、法规、规范性 文件及《公司章程》《独立董事工作制度》中关于独立董事独立性的 相关要求，不存在影响独立董事独立性的情况。本 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥22,831,969.21, a decrease of 31.87% compared to ¥33,510,417.38 in the same period last year[5] - The net profit attributable to shareholders was -¥3,733,990.62, representing a decline of 73.63% from -¥2,150,590.16 year-over-year[5] - The company's basic earnings per share decreased by 73.38% to -¥0.0267 from -¥0.0154 in the same period last year[5] - Net profit for the period was a loss of ¥3,733,990.62, compared to a loss of ¥2,150,590.16 in the previous period, indicating a worsening of approximately 73.5%[20] - Total operating revenue decreased to ¥22,831,969.21 from ¥33,510,417.38, a decline of approximately 31.9% year-over-year[19] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥17,080,163.44, a 75.38% increase compared to -¥69,372,909.34 in the previous year[5] - Operating cash inflow increased significantly to ¥47,885,555.73 from ¥27,871,440.39, an increase of about 71.9%[23] - The ending balance of cash and cash equivalents was ¥157,298,330.06, compared to ¥116,651,562.62 at the end of the previous period[24] - The cash flow from investment activities showed a positive trend with a net inflow, contrasting with the previous year's negative cash flow[24] - The company reported a significant increase in cash received from investment recoveries, totaling ¥227,000,000.00, up from ¥140,000,000.00[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,587,950,453.37, down 2.25% from ¥1,624,498,415.74 at the end of the previous year[5] - The total liabilities decreased to ¥402.21 million from ¥438.36 million, a reduction of 8.2%[16] - Total liabilities decreased to ¥783,706,151.33 from ¥816,520,410.78, a reduction of approximately 4.0%[17] - Total equity attributable to shareholders decreased to ¥804,244,302.04 from ¥807,978,004.96, a decline of about 0.3%[17] Expenses and Cost Management - The company experienced a 46.81% reduction in selling expenses, which amounted to ¥1,093,411.89 compared to ¥2,055,708.48 in the previous year[9] - Total operating costs reduced to ¥31,128,440.99 from ¥38,664,028.96, representing a decrease of about 19.5%[19] - Research and development expenses fell to ¥1,969,785.54 from ¥3,743,869.20, a decrease of about 47.4%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,679[12] - Qingdao Guanzhong Investment Group Co., Ltd. holds 29.79% of the shares, making it the largest shareholder[12] Other Significant Changes - The company reported a significant increase in other income, which rose by 847.72% to ¥394,986.37 due to increased government subsidies received[9] - The company reported a significant increase in contract liabilities, which rose to ¥420,653.20 from ¥2.26 million, indicating a substantial change in financial obligations[16] - The company established an office in Kyrgyzstan and secured a procurement project in Bishkek worth approximately ¥1.33 million[13] - The company reported a 100% decrease in receivables financing, indicating a shift in financial strategy as the bank acceptance bills matured during the period[9] Audit and Reliability - The company’s first quarter report was not audited, which may impact the perception of financial reliability[25]

Financial Performance - The company's revenue significantly declined due to a slowdown in project implementation, with a focus on government-funded projects facing budget constraints [4]. - The completion value of construction projects decreased compared to the previous year, leading to a substantial drop in operating income [5]. - The company's operating revenue for 2024 was ¥145,288,145.05, a decrease of 61.46% compared to ¥377,024,042.79 in 2023 [25]. - The net profit attributable to shareholders for 2024 was -¥70,900,209.07, representing a decline of 307.48% from ¥34,172,065.74 in 2023 [25]. - The net cash flow from operating activities for 2024 was -¥57,969,197.09, worsening by 102.99% compared to -¥28,557,561.92 in 2023 [25]. - The total assets at the end of 2024 were ¥1,624,498,415.74, down 9.30% from ¥1,791,049,300.85 at the end of 2023 [25]. - The net assets attributable to shareholders decreased by 10.77% to ¥807,978,004.96 at the end of 2024 from ¥905,463,517.95 at the end of 2023 [25]. - The basic earnings per share for 2024 was -¥0.5064, a decline of 307.46% from ¥0.2441 in 2023 [25]. - The weighted average return on net assets for 2024 was -8.67%, a decrease of 12.67 percentage points from 4.00% in 2023 [25]. - The company reported a significant drop in quarterly performance, with Q4 2024 revenue at ¥742,250.53, down from previous quarters [27]. Business Strategy and Operations - The company plans to optimize its business order structure and strategic layout, focusing on land remediation projects which require phased implementation [4]. - The company is actively managing risks related to cash flow and project implementation to ensure sustainable operations [4]. - Future plans and potential risks are detailed in the management discussion and analysis section of the report [10]. - The company is focusing on ecological environment construction, including vegetation restoration, soil and water conservation, and water environment governance, indicating a strategic shift towards sustainable practices [33]. - The company is actively preparing for zero-carbon construction and related technologies, aligning with national policies on ecological civilization [34]. - The company has developed a unique business model that includes raw material production and key equipment customization, enhancing its competitive edge in ecological restoration [45]. - The company has implemented significant ecological restoration projects, including the ecological restoration project at Yichang Shili Hong Training Center and the ecological restoration project at Dongping County Jiunv Spring [47]. - The company is focusing on comprehensive land remediation as part of its strategy to improve land utilization efficiency and ecological environment [48]. - The company has engaged in international projects, including the procurement project for electric wood shredders, which will be exported to Kyrgyzstan [51]. - The company is enhancing its risk assessment capabilities for projects, prioritizing those with low policy risks and high execution strength [73]. Research and Development - The company has established various research and service platforms, including a national postdoctoral research station and provincial engineering research centers, to foster innovation and technology development [75]. - The company is developing a mobile static fermentation production workshop technology to utilize organic waste materials, aiming to expand the range of raw materials [71]. - The company is focusing on developing new products and technologies in ecological restoration and waste management [97]. - R&D investment for 2024 amounted to ¥17,618,604.79, representing 12.13% of operating revenue, a significant increase of 7.52 percentage points from 2023 [100]. - The company has applied for 56 new patents and received 25 new patent authorizations during the reporting period, with a total of 88 authorized patents by year-end [76]. Market and Industry Trends - The overall industry environment has shown a temporary decline, but the company's core business and competitive advantages remain intact [8]. - The industry is experiencing a transition from rapid development to high-quality growth, with a notable shift towards ecological protection and restoration [36]. - The concentration of the industry is gradually increasing, with larger enterprises gaining market share due to their financial strength and technical capabilities [39]. - The company is expanding its market presence with a focus on ecological restoration projects, aiming for a 9% increase in project approvals by the end of the year [120]. - The company plans to establish overseas operations and explore partnerships in Central Asia and the Middle East to secure international orders [136]. Governance and Compliance - The governance structure complies with relevant laws and regulations, ensuring effective operation and protection of shareholder rights [150]. - The company maintains independence from its controlling shareholders, ensuring autonomous business operations and decision-making [152]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements [153]. - The company has established a transparent performance evaluation mechanism for senior management, linking their performance to compensation [196]. - The internal control system has been strengthened, with regular audits conducted quarterly to mitigate risks associated with the use of raised funds [197]. Financial Management - The company emphasized the importance of financial management, ensuring liquidity and profitability through effective fund and expense management strategies [81]. - The company has confirmed sales revenue of 19,389,000 CNY and cumulative sales revenue of 16,056,200 CNY from the major sales contracts [87]. - The company has a pending contract amount of 13,000,000 CNY for the land comprehensive remediation project, which is yet to be fulfilled [88]. - The company reported a credit impairment loss of -36,899,545.69, which accounted for 46.51% of total profit, indicating significant challenges in receivables management [105]. - The company has a robust information management system that integrates big data and IoT to improve project management efficiency [66]. Future Outlook - The company aims to achieve an operating revenue of 200 million to 300 million yuan in 2025, representing a growth of 40% to 110% compared to the previous year [138]. - The company plans to realize a total profit of 0 to 5 million yuan in 2025, indicating a growth of 100% to 110% year-over-year [138]. - The company will focus on low-risk, high-quality development, optimizing governance structures and enhancing risk control to build a resilient management system [133]. - The company plans to manage temporarily idle funds from its initial public offering (IPO) up to 60 million RMB for cash management within 12 months [122]. - The company aims to become a world-class ecological restoration specialized company, focusing on data-driven management and market development [130].

冠中生态（300948）公告，2025年第一季度营业收入2283.2万元，同比下降31.87%。净亏损373.4万 元，去年同期净亏损215.06万元。 ...

证券代码：300948 证券简称：冠中生态 公告编号：2025-022 债券代码：123207 债券简称：冠中转债 青岛冠中生态股份有限公司 关于使用闲置募集资金购买理财产品到期赎回 并再次进行现金管理的公告 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。 公司于2024年12月19日召开第四届董事会第二十一次会议、第四届 监事会第十八次会议，审议通过了《关于使用暂时闲置募集资金及自有 资金进行现金管理的议案》，同意公司在确保不影响募集资金投资项目 建设、不影响公司日常资金正常周转及有效控制风险的前提下，使用暂 时闲置的首次公开发行股票募集资金额度不超过人民币6,000万元（含 本数）进行现金管理，使用期限自董事会审议通过之日起12个月内有效。 在上述额度和期限内，资金可循环滚动使用。 公司保荐机构对上述事项发表了明确同意的意见。具体内容详见公 司于2024年12月20日在中国证监会指定信息披露网站巨潮资讯网 （www.cninfo.com.cn）上披露的《关于使用暂时闲置募集资金及自有 资金进行现金管理的公告》（公告编号：2024-102）。 近日，公司使用 ...

Group 1 - The stock price of Guanzhong Ecological (300948) closed at 9.38 yuan, down 7.4% from the previous week [1] - The total market capitalization of Guanzhong Ecological is 1.326 billion yuan, ranking 44th out of 46 in the infrastructure sector and 5086th out of 5140 in the A-share market [1] - The convertible bond "Guanzhong Convertible Bond" has a conversion period from January 29, 2024, to July 20, 2029, with the latest conversion price set at 10.44 yuan per share [1] Group 2 - The revised performance forecast for 2024 indicates a net loss attributable to shareholders of 58 million to 73 million yuan, with a net loss excluding non-recurring gains and losses of 66 million to 81 million yuan [2] - The performance revision is primarily due to audit results from multiple projects, leading to a reduction in net profit by approximately 26 million yuan [2] - The company has expressed sincere apologies for the impact of this performance revision on investors and will ensure timely information disclosure in accordance with relevant laws and regulations [2]