青岛冠中生态股份有限公司 2023 年度跟踪评级报告 编号：信评委函字[2023]跟踪 3736 号 青岛冠中生态股份有限公司 2023 年度跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2023 年 8 月 30 日 2 本次评级为发行人委托评级。除因本次评级事项使中诚信国际与发行人构成委托关系外，中诚信国际及其评估人员 与发行人不存在任何其他影响本次评级行为独立、客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受发行人和 其他第三方的干预和影响。本评级报告所依据的评级方法在公司网站（www.ccxi.com.cn）公开披露。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实 ...

| 证券代码：300948 | 证券简称：冠中生态 公告编号：2023-061 | | --- | --- | | 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 二、可转债交易异常波动的具体情况说明 公司可转换公司债券交易价格连续2个交易日（2023年8月25日、2023 年8月28日）收盘价格涨幅偏离值累计超过30%，根据《深圳证券交易所 可转换公司债券交易实施细则》的相关规定，属于可转债交易异常波动 的情况。 三、公司关注及核实情况的说明 针对公司可转债交易异常波动，公司董事会通过发函、电话及现场 问询等方式对公司控股股东及其一致行动人、实际控制人、全体董事、 监事及高级管理人员就相关事项进行了核实，现对有关核实情况说明如 下： 1、公司前期披露的信息不存在需要更正、补充之处； 可转债交易异常波动公告 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。 一、可转债发行上市基本情况 经中国证券监督管理委员会出具的《关于同意青岛冠中生态股份有 限公司向不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕 1384号）同意注 ...

| | | 青岛冠中生态股份有限公司 股票交易异常波动公告 青岛冠中生态股份有限公司（以下简称"公司"）股票于2023年8月 25日、2023年8月28日连续两个交易日收盘价格涨幅偏离值累计超过30%， 根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波 动的情况。 二、公司关注并核实的相关情况 针对公司股票异常波动，公司董事会对有关事项进行了核查，有关 情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格 产生较大影响的未公开重大信息； 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。 一、股票交易异常波动的具体情况 3、近期公司经营情况及内外部经营环境未发生重大变化； 4、公司、控股股东和实际控制人不存在关于公司的应披露而未披露 四、备查文件 1、控股股东及实际控制人的核实函及回函。 特此公告。 公司董事会确认，截至本公告披露日，公司没有任何根据《深圳证 券交易所创业板股票上市规则》等有关规定应予以披露而未披露的事项 或与该事项有关的筹划、商谈、意向、协议等；董事会也未获悉公 ...

青岛冠中生态股份有限公司 2023 年半年度报告全文 青岛冠中生态股份有限公司 2023 年半年度报告 2023-056 2023 年 8 月 1 青岛冠中生态股份有限公司 2023 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人李春林、主管会计工作负责人由芳及会计机构负责人(会计主 管人员)徐宏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告中涉及未来计划等前瞻性陈述，不构成公司对投资者的实质 承诺，投资者及相关人士均应对此保持足够的风险认识，并且应当理解计划、 预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应 对措施"部分，详细披露了公司经营中可能存在的风险及应对措施，敬请投资 者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 重要提示、目录和释义 2 | | --- ...

Financial Performance - The company's operating revenue for 2022 was ¥453,349,628.91, representing a 12.77% increase compared to ¥402,028,962.94 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥56,234,584.04, a decrease of 28.02% from ¥78,127,175.03 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥48,861,808.40, down 28.03% from ¥67,895,114.52 in 2021[19]. - The total assets at the end of 2022 reached ¥1,322,097,613.47, a 20.50% increase from ¥1,097,137,162.85 at the end of 2021[19]. - The net assets attributable to shareholders increased by 5.78% to ¥841,462,360.76 from ¥795,487,405.57 in 2021[19]. - The basic earnings per share for 2022 was ¥0.4016, a decrease of 30.03% from ¥0.5740 in the previous year[19]. - The weighted average return on net assets was 6.88%, down from 10.90% in 2021, reflecting a decline of 4.02%[19]. - The total operating cost for 2022 was CNY 327,900,505.97, an increase of 37.80% compared to CNY 237,961,489.72 in 2021[82]. - The company reported a decrease in mechanical costs by 61.00% to CNY 7,311,018.44, which represented only 2.23% of the total operating cost[82]. - The company achieved a gross profit margin of 27.67% in the ecological protection and environmental governance sector, down 13.14% from the previous year[77]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to -¥14,225,035.20, an 88.17% increase from -¥120,221,087.74 in 2021[19]. - The cash generated from operating activities was negative in Q1, Q3, and Q4 2022, with Q1 showing a cash outflow of ¥6,058,789.35 and Q4 a cash outflow of ¥18,908,166.56[21]. - The net cash flow from operating activities increased by 88.17% compared to the previous year, primarily due to a significant increase in cash received from sales of goods and services[95]. - The net cash flow from investment activities increased by 10.45% year-on-year, mainly due to cash received from the disposal of subsidiaries and other operating units[96]. - The net cash flow from financing activities decreased by 66.46% compared to the previous year, primarily due to the net amount of funds raised from the public offering of shares in the previous year being 258 million yuan[96]. - The total investment amount for the reporting period was 15,152,701.98 yuan, a decrease of 92.78% compared to the previous year's investment amount of 209,939,860.95 yuan[105]. Business Operations and Market Strategy - The company operates in the ecological protection and environmental governance industry, which is experiencing rapid growth due to increasing government support and policy initiatives[28]. - The company is focusing on expanding its business into ecological restoration and environmental governance, aligning with national strategies for sustainable development[31]. - The company has established a unique integrated business chain that includes raw material production, key equipment customization, and assembly, enhancing management efficiency and cost advantages[41]. - The company has signed multiple large-scale EPC projects, indicating a strategic focus on expanding its market presence nationally[54]. - The company plans to adopt more complex project models like PPP and EPC+F to undertake larger ecological restoration projects[49]. - The company is actively involved in carbon trading and forestry carbon sinks, which are expected to provide new development models and opportunities in the context of China's carbon neutrality goals[36]. - The company has extended its industry chain and expanded business segments, including soil pollution remediation and native tree seedling projects, contributing to new profit growth points[67]. Research and Development - The company has maintained a strong focus on R&D, developing unique technologies for ecological restoration, including specialized soil preparation and spraying techniques[62]. - Research and development expenses increased by 19.13% to CNY 17,434,695.96, attributed to a higher number of ongoing projects and increased investment[88]. - The number of R&D personnel increased by 30% from 60 in 2021 to 78 in 2022, with a notable rise in the 30-40 age group by 56%[93]. - The company is focusing on research and development of lightweight substrate seedling technology to significantly improve afforestation survival rates and reduce maintenance costs[89]. - The company is developing a zero-carbon building technology system aimed at achieving negative carbon emissions in construction projects[92]. - The company has filed for 21 new patents, bringing the total number of valid patents to 44, along with 7 software copyrights[73]. Corporate Governance and Management - The company has a governance structure that includes independent directors and supervisors, ensuring compliance with regulations[154]. - The company’s management team includes experienced professionals with diverse backgrounds, contributing to strategic decision-making[156]. - The company has established a remuneration decision-making process based on performance, capability, and industry standards[165]. - The board of directors held a total of 6 meetings during the reporting period, with all members attending at least 1 meeting in person[168]. - The company has not reported any significant changes in its management structure during the reporting period[155]. - The company has implemented a performance-oriented compensation strategy, linking total compensation to company performance and individual contributions[177]. Shareholder Engagement and Profit Distribution - The company distributed a cash dividend of RMB 7,000,500, which is 100% of the total profit distribution amount, with a base of 140,010,000 shares[181]. - The company has committed to a cash dividend policy, distributing at least 10% of the annual distributable profits in cash, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profits[199]. - The company plans to prioritize cash dividends, especially in mature stages of development, with a minimum cash dividend proportion of 80% if there are no significant capital expenditure plans[199]. - The company will provide multiple communication channels for shareholders, especially minority shareholders, to express their opinions and concerns regarding profit distribution[200]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and policy changes, which could impact local government finances and project payment efficiency, potentially affecting business expansion and performance[128]. - The company is at risk of inventory impairment and contract asset depreciation due to potential delays in project acceptance and settlement, particularly with government clients[130]. - The company is implementing measures to mitigate bad debt risks from accounts receivable, including intensified collection efforts during key payment periods[131]. - The company's gross margin may fluctuate due to various factors, including project type and market competition, necessitating ongoing cost control and market adaptation[132]. Environmental and Social Responsibility - The company is classified as a low-energy, low-pollution enterprise and is not listed as a key pollutant discharge unit by environmental protection authorities[190]. - The company actively responds to national carbon neutrality policies and integrates low-carbon operations into its management processes[190]. - The company donated 10,000 yuan to a local school to support educational development in rural areas[192].

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。 青岛冠中生态股份有限公司 2023 年第一季度报告 证券代码：300948 证券简称：冠中生态 公告编号：2023-014 青岛冠中生态股份有限公司 2023 年第一季度报告 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □是 否 1 青岛冠中生态股份有限公司 2023 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 （二） 非经常性损益项目和金额 适用 □不适用 | | 单位：元 | | | --- | --- | --- | | 项目 | 本报告期金额 | 说明 | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -4,851.18 | | | 计入当期损益的政府补助（与公司正 ...

证券代码：300948 证券简称：冠中生态 青岛冠中生态股份有限公司 投资者关系活动记录表 编号：2022-006 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|-------------------------------------------------------|------------------------------|-------|-------|-------|----------------|-------| | | | | | | | | | | 投资者关系活 | 特定对象调研 □分析师会议 | | | | | | | | 动类别 | □媒体采访 □业绩说明会 | | | | | | | | | □新闻发布会 □路演活动 | | | | | | | | | □现场参观 □其他 | | | | | | | | 参与单位名称 | 中信建投证券罗焱曦 | | | | | | | | 及人员姓名 | 中银资管肖宛远 | | | | | | | | | 华夏未来资本曹迪雅 | | | | | | | | 时间 ...

证券代码：300948 证券简称：冠中生态 青岛冠中生态股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | --- | --- | --- | --- | |----------------|---------------------------------------------|--------------------------------------------------------|-------|-------|-------|--------| | | | | | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | | | | 类别 | □媒体采访 □业绩说明会 □新闻发布会 □路演活动 | | | | | | | | □现场参观 | | | | | | | | 其他 | 青岛辖区上市公司投资者网上集体接待日活动 | | | | | | 参与单位名称及 | | 参与公司青岛辖区上市公司投资者网上集体接待日活动的投 | | | | | | 人员姓名 | 资者 | | | | | | | 时间 | 2021 年 9 月 ...

证券代码：300948 证券简称：冠中生态 青岛冠中生态股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|--------------------------------------|--------------------------------------|-------|-------|----------------------------|-------|--------------------------------------------------------|-------| | | | | | | | | | | | 投资者关系活 | □特定对象调研 □分析师会议 | | | | | | | | | 动类别 | □媒体采访 | 业绩说明会 | | | | | | | | | □新闻发布会 □路演活动 | | | | | | | | | | □现场参观 | | | | | | | | | | □其他 | （请文字说明其他活动内容） | | ...

证券代码：300948 证券简称：冠中生态 编号：2022-003 | --- | --- | --- | --- | --- | |-------------------------|--------------------------------------|--------------------------------------------------------|-------|-------| | 投资者关系活动 | 特定对象调研 □分析师会议 | | | | | 类别 | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 □路演活动 | | | | | | □现场参观 □其他 | | | | | 参与单位名称及 人员姓名 | 深圳高申资产管理有限公司杜金轶、陈健 | | | | | 时间 | 2022 年 6 月 24 日（ | 周五） 15:00-16:00 | | | | 地点 | 线上电话会议 | | | | | 上市公司接待人 | 副总经理、董事会秘书张方杰先生 | | | | | 员姓名 | | | | | | | 一、 观看公司宣传片 | | | | | | 二、 介 ...