Core Viewpoint - The sand control sector is experiencing significant activity, with stocks such as Guanzhong Ecological showing notable gains [1] Group 1 - The sand control sector is active as of September 1, with a focus on companies involved in environmental management [1] - Guanzhong Ecological is among the leading stocks in terms of percentage increase [1]

Financial Performance - The company reported total revenue of 52.51 million yuan for the first half of 2025, a decrease of 52.33% year-on-year [1] - The net profit attributable to shareholders was -3.19 million yuan, representing a decline of 137.2% compared to the previous year [1] - The gross margin was 38.41%, down by 2.11% year-on-year, while the net margin was -6.07%, a significant drop of 178.01% [1] Cost Structure - The total of financial, sales, and management expenses reached 28.41 million yuan, accounting for 54.11% of total revenue, which is an increase of 106.59% year-on-year [1] - The company’s operating cash flow per share was 0.09 yuan, an increase of 141.74% year-on-year, despite the overall negative profit [1] Debt and Cash Flow - The company has a healthy cash position with monetary funds amounting to 175 million yuan, a 12.20% increase year-on-year [2] - The accounts receivable increased significantly to 531 million yuan, a rise of 72.83% compared to the previous year [1] - The interest-bearing debt remained relatively stable at 387 million yuan, showing a slight decrease of 0.60% [1] Business Operations - The company primarily acquires projects through bidding and business negotiations, leveraging established channels and a strong reputation in the industry [3]

Core Viewpoint - Qingdao Guanzhong Ecological Co., Ltd. is issuing convertible bonds totaling RMB 400 million to fund various ecological projects and enhance operational efficiency [2][11][24]. Group 1: Bond Issuance Details - The total amount of the convertible bonds issued is RMB 400 million, with a face value of RMB 100 per bond, and a total of 4 million bonds will be issued [2][11]. - The bonds have a term of 6 years, from July 21, 2023, to July 20, 2029, with interest rates starting at 0.40% in the first year and increasing to 3.00% in the sixth year [2][3]. - The initial conversion price is set at RMB 16.56 per share, with the current conversion price at RMB 10.44 per share [4][5]. Group 2: Project Funding Allocation - The funds raised will be allocated to projects including ecological restoration and urban water supply enhancement, with a total project investment of RMB 63.97 million [11][12]. - The company plans to terminate the "Zibo Sibaoshan Ecological Construction Comprehensive Governance Project" due to market changes and will redirect the remaining funds to the "Boshan Urban Water Supply Improvement Project" [12][24]. - The remaining funds of RMB 24.53 million will be permanently allocated to working capital, representing 6.27% of the net amount raised [13][24]. Group 3: Project Implementation and Market Context - The "Boshan Urban Water Supply Improvement Project" is expected to enhance water supply infrastructure, aligning with national policies aimed at improving rural water supply security [20][21]. - The project is supported by local government initiatives and is part of a broader strategy to modernize water supply systems in response to urbanization and climate challenges [20][21]. - The company has established a solid technical foundation and quality control system, enhancing its capability to manage large-scale projects effectively [21][22].

Meeting Announcement - Qingdao Guanzhong Ecological Co., Ltd. will hold the first bondholders' meeting for "Guanzhong Convertible Bonds" on September 17, 2025, as approved by the board of directors on August 27, 2025 [2][4] - The meeting will be conducted in accordance with relevant laws, regulations, and the rules outlined in the bond prospectus and meeting rules [2][3] Meeting Participation - All bondholders registered with the China Securities Depository and Clearing Corporation Limited as of the registration date are entitled to attend the meeting and may appoint a proxy to represent them [2][3] - Bondholders holding more than 10% of the bonds have the right to propose temporary motions at the meeting [3][4] Voting Process - Voting will be conducted either in person or via written communication, with each bondholder allowed to choose only one method [2][4] - Votes must be cast as "agree," "disagree," or "abstain," and any invalid or unfilled ballots will be considered void [6][7] Meeting Documentation - The company has provided necessary documents for the meeting, including a power of attorney, voting ballot, and registration form for bondholders [8][9] - Bondholders must present valid identification and proof of bond ownership to participate in the meeting [4][5]

Core Viewpoint - Guanzhong Ecological (300948.SZ) announced the termination of its fundraising project for the Gaoqing County Urban-Rural Greenway Network due to government budget and project planning adjustments, reallocating the remaining raised funds of 84.9783 million yuan to the Boshan District Urban Water Supply Improvement and Renovation Project [1] Group 1 - The Gaoqing County Urban-Rural Greenway Network project will no longer be implemented, with the remaining raised funds of 84.9783 million yuan redirected to a new project [1] - As of July 31, 2025, the project has utilized 18.23% of the planned total investment, amounting to 18.2297 million yuan [1] - The decision to terminate the project was influenced by the contracting party's choice to exclude certain construction elements related to greening and greenway works along the Duyiao River [1]

Core Viewpoint - Company signed a cooperation agreement with the Bishkek Municipal Greenery Company in Kyrgyzstan to establish a nursery and flower base, investing up to 56.1 million yuan over five years [1][2]. Group 1: Investment and Project Details - The investment will be used for establishing and operating an overseas company, infrastructure construction, equipment procurement, marketing system development, and purchasing raw materials [1]. - The project aims to create a modern nursery complex that integrates plant production, research innovation, ecological display, and cultural elements of Kyrgyzstan [1][2]. Group 2: Strategic Importance - This investment is a key action in the company's overseas development strategy, laying a solid foundation for expanding into the Central Asian market [2]. - The project is an extension of the company's existing ecological business, expected to enhance business scale and core competitiveness [2]. Group 3: Company Background and Future Plans - Company is headquartered in Qingdao and focuses on ecological restoration and environmental construction, covering various related businesses [2]. - From 2024, the company plans to establish overseas branches in the Middle East and Central Asia to pursue substantial overseas orders [2][3].

Group 1 - Company Guanzhong Ecological (SZ 300948) announced on August 29 that its fifth board meeting was held on August 27, 2025, where the proposal for the reappointment of the auditing firm for the fiscal year 2025 was reviewed [1] - For the fiscal year 2024, Guanzhong Ecological's revenue composition is entirely from the ecological protection and environmental governance sector, accounting for 100.0% [1]

Core Viewpoint - The news highlights various companies' financial performances, stock movements, and strategic decisions, indicating a mixed outlook across different sectors. Performance Summary - Anta Sports clarified it is not a potential acquirer of Canada Goose Holdings [3] - Lianyi Intelligent Manufacturing reported normal operations with no undisclosed significant matters [3] - Huon Electric's robot business is still in the R&D phase and has not generated revenue [3] - Tianfu Communication and Longyang Electronics both reported normal operations with no undisclosed significant matters [3] - Cambrian Technology expects annual revenue of 5 billion to 7 billion yuan in 2025 [3] - CITIC Securities reported a net profit of 13.719 billion yuan for the first half, up 29.8% year-on-year [3] - SMIC's net profit for the first half was 321 million USD, a 35.6% increase year-on-year [3] - Zhongwei Company reported a net profit of 706 million yuan, up 36.62% year-on-year [3] - Wancheng Group's net profit surged 50358.8% to 472 million yuan in the first half [3] - China Galaxy's net profit increased by 47.86% year-on-year, proposing a dividend of 1.25 yuan per 10 shares [3] - Zhujiang Beer reported a net profit of 612 million yuan, up 22.51% year-on-year [3] - Yili Group's net profit decreased by 4.39% to 7.2 billion yuan [3] - Zhongke Titanium White's net profit fell by 14.83% to 259 million yuan [3] - Huasheng Tiancheng turned a profit with a net profit of 140 million yuan [3] - Li Auto's second-quarter revenue totaled 30.2 billion yuan, down 4.5% year-on-year but up 16.7% quarter-on-quarter [3] - Bull Group's net profit decreased by 8% to 2.06 billion yuan [3] - Nanshan Aluminum reported a net profit of 2.625 billion yuan, proposing a dividend of 0.4 yuan per 10 shares [3] - Shuijingfang's net profit fell by 56.52% to 105 million yuan [3] - Huaneng International's net profit increased by 13.15% to 3.904 billion yuan [3] - SAIC Group's net profit decreased by 9.21% to 6.018 billion yuan [3] - SF Holding's net profit increased by 19.4% year-on-year, proposing a dividend of 4.6 yuan per 10 shares [3] - Zhongke Shuguang's net profit increased by 29.39% to 729 million yuan [3] - Shanxi Fenjiu's net profit increased by 1.13% to 8.505 billion yuan [3] - Haier Smart Home reported a net profit of 12.033 billion yuan, proposing a dividend of 2.69 yuan per 10 shares [3] - China State Construction's net profit increased by 3.2% to 30.404 billion yuan [3] - CITIC Construction Investment's net profit was 4.509 billion yuan, proposing a dividend of 1.65 yuan per 10 shares [3] - New China Life Insurance's net profit increased by 33.5% to 14.799 billion yuan [3] - China Southern Airlines reported a loss of 1.533 billion yuan in the first half [3] - Sanhuan Group's net profit increased by 20.63% to 1.237 billion yuan [3] - Yingshi Innovation's net profit increased by 0.25% to 520 million yuan [3] - ZTE's net profit decreased by 11.77% to 5.058 billion yuan [3] - Changxin Bochuang's net profit surged 1121.21% to 168 million yuan [3] Buyback and Shareholding Changes - Spring Airlines plans to repurchase shares worth 300 million to 500 million yuan [4] - Shenzhen Ruijie plans to repurchase 500,000 to 600,000 shares [4] - Haotong Technology's actual controller plans to reduce holdings by up to 3% [4] - Aojie Technology's shareholder Alibaba Network plans to reduce holdings by up to 3% [4] - Chunzong Technology's chairman plans to reduce holdings by up to 2.053% [4] - Zhejiang Shibao's controlling shareholder plans to reduce holdings by up to 2% [4] Contracts and Major Investments - Zhongding Co. signed a strategic cooperation agreement with the Baohe District government for the robotics industry [4] - Tongda Co. is pre-awarded a 122 million yuan procurement project by the State Grid [4] - Runjian Co. won a 392 million yuan project for green power supply in Ulanqab, Inner Mongolia [4] - Dash Intelligent signed a smart project contract for Hualun Century Plaza [4] - Huakang Clean signed a pre-award for a 136 million yuan medical purification project [4] - Shunyu Co. plans to establish a smart water management subsidiary [4] - Guanzhong Ecology plans to invest in a seedling breeding base in Kyrgyzstan [4] Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company [4] - Chip Origin plans to purchase equity in Chip Lai Zhirong, with stock suspension starting tomorrow [4] - Kaifa Electric plans to acquire 80% equity of Ouli Power Network for 52 million yuan [4] Other Developments - Jinghe Integration plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Huahai Qingke plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [4] - Fuhanwei plans to issue H-shares and list on the Hong Kong Stock Exchange [4]

青岛冠中生态股份有限公司 信息披露暂缓与豁免管理制度 第二章 暂缓、豁免披露信息的范围 青岛冠中生态股份有限公司 信息披露暂缓与豁免管理制度 青岛冠中生态股份有限公司 信息披露暂缓与豁免管理制度 第一章 总则 第一条 为了规范青岛冠中生态股份有限公司（以下简称"公司"）信息披露 暂缓与豁免行为，督促公司及相关信息披露义务人依法合规履行信息披露义务， 保护投资者的合法权益，根据《中华人民共和国证券法》、《深圳证券交易所创业 板股票上市规则》（以下简称"《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》《上市公司信息披露管理办法》《上市 公司信息披露暂缓与豁免管理规定》《青岛冠中生态股份有限公司章程》（以下简 称"《公司章程》"）等规定，制订本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、 临时报告中豁免披露中国证券监督管理委员会（以下简称"中国证监会"）和深 圳证券交易所（以下简称"深交所"）规定或者要求披露的内容，适用本规定。 本制度所称信息披露义务人，是指公司， ...

青岛冠中生态股份有限公司 内幕信息知情人登记管理制度 青岛冠中生态股份有限公司 内幕信息知情人登记管理制度 第一章 总则 第一条 为完善青岛冠中生态股份有限公司（以下简称"公司"）内幕信息管 理，加强公司内幕信息保密工作，维护信息披露的公开、公正、公平原则，维护 公司和保护广大投资者的利益，根据《中华人民共和国证券法》（以下简称"《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》等法律、行政法规、部门规章、规范性文件、《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》等自律监管规则，以及《青岛冠中生态股份有限公司 章程》（以下简称"《公司章程》"）等相关规定，制订本制度。 第二条 公司董事会是公司内幕信息管理机构，董事长为公司内幕信息管理 工作的主要责任人，董事会秘书负责办理公司内幕信息知情人的登记入档和报送 事宜，公司证券部协助董事会秘书具体办理公司内幕信息和内幕信息知情人的管 理、登记、披露、报送及备案等相关工作。 ...