Core Viewpoint - Dadi Ocean (301068.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating potential challenges in financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 1.016 billion yuan, a year-on-year decrease of 2.22% [1] - The net loss attributable to shareholders of the listed company was 17.5071 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 44.554 million yuan [1] - Basic loss per share was 0.1247 yuan [1]

Company Performance - Dadi Ocean reported a revenue of approximately 1.016 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 2.22% [1] - The net profit attributable to shareholders was a loss of approximately 17.51 million yuan [1] - Basic earnings per share showed a loss of 0.1247 yuan [1] Market Context - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation [1] - The technology sector is leading the market's transformation, indicating the emergence of a "slow bull" market pattern [1]

杭州大地海洋环保股份有限公司 证券代码：301068 股票简称：大地海洋 公告编号：2025-045 杭州大地海洋环保股份有限公司 关于2025年前三季度计提信用减值损失和资产减值损失的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 根据《企业会计准则》《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》的相关规定，杭州大地海洋环保股份有限公司（以下 简称"公司"）2025年前三季度计提信用减值损失和资产减值损失共计-1,015.30 万元，本次计提减值事项无需提交董事会和股东会审议。现将具体情况公告如下： 一、本次计提信用减值损失和资产减值损失情况概述 根据《企业会计准则》《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》和公司会计政策等相关规定，为更加真实、准确和公 允地反映公司截至2025年9月30日的财务状况、资产价值及经营成果，基于谨慎 性原则，公司对合并范围内截至2025年9月30日的各类资产进行了减值测试，判 断存在可能发生减值的迹象，确定了需计提的信用减值损失和资产减值损失。本 次进行减值测试的资 ...

证券代码：301068 证券简称：大地海洋 公告编号：2025-044 杭州大地海洋环保股份有限公司 关于同一控制下企业合并追溯调整财务数据的公告 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。 杭州大地海洋环保股份有限公司 杭州大地海洋环保股份有限公司（以下简称"公司"）第三届董事会审计委员 会第五次会议、第三届董事会第十九次会议审议通过《关于同一控制下企业合并 追溯调整财务数据的议案》，本议案无需提交公司股东会审议。现将有关事项公 告如下： 一、追溯调整的原因 公司 2025 年 6 月 3 日召开的第三届董事会第十四次会议和第三届监事会第 十一次会议分别审议通过《关于收购股权暨关联交易的议案》，同意公司收购的 浙江虎哥废物管理有限公司（以下简称"虎哥"）100%股权。2025 年 8 月 15 日， 虎哥已完成股权转让工商变更登记，成为公司全资子公司。 由于公司与虎哥均受唐伟忠、张杰来夫妇的最终控制，且该项控制并非暂时 性的，所以本次交易形成同一控制下的企业合并。根据《企业会计准则第 2 号— —长期股权投资》《企业会计准则第 20 号——企业合并》《企 ...

杭州大地海洋环保股份有限公司 证券代码：301068 证券简称：大地海洋 公告编号：2025-042 杭州大地海洋环保股份有限公司 第三届董事会第十九次会议决议公告 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。 一、董事会会议召开情况 本议案已经公司审计委员会审议通过。 杭州大地海洋环保股份有限公司（以下简称"公司"）第三届董事会第十九次 会议已于 2025 年 10 月 24 日以电话、邮件、书面送达等形式发出通知，并于 2025 年 10 月 29 日（星期三）在公司会议室以现场结合通讯的方式召开。会议应出席 董事 8 名，实际出席董事 8 名（其中：以通讯方式出席会议的董事 2 人，独立董 事汤临佳先生、应叶萍女士以通讯方式出席）。 杭州大地海洋环保股份有限公司 本次会议由董事长唐伟忠先生召集和主持，公司高级管理人员列席。本次会 议的召开符合《公司法》《公司章程》及有关法律、行政法规的要求，会议合法、 有效。 表决结果：同意 8 票；反对 0 票；弃权 0 票。 二、董事会会议审议情况 2、审议通过《关于同一控制下企业合并追溯调整财务数据的议案》 经与 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥344,224,189, a decrease of 7.51% compared to ¥372,191,200 in the same period last year[4] - Net profit attributable to shareholders was ¥20,206,840, down 8.16% from ¥22,003,130 in the previous year[4] - Basic earnings per share decreased by 8.17% to ¥0.1439 from ¥0.1567 in the previous year[5] - Total operating revenue for the current period is CNY 1,016,458,181.84, a decrease of 2.7% from CNY 1,039,573,512.74 in the previous period[28] - Net profit for the current period is CNY -11,644,994.58, compared to a net profit of CNY 93,168,518.62 in the previous period, indicating a significant decline[29] - The company reported a net loss attributable to shareholders of -¥17,507,070.40, compared to a profit of ¥92,872,085.75 in the previous period[30] - The company’s total comprehensive income amounted to -¥11,644,994.58, contrasting with ¥93,168,518.62 in the prior period[30] Cash Flow and Liquidity - The net cash flow from operating activities surged to ¥114,713,397, an increase of 3,033.16% compared to ¥3,661,265 in the same period last year[5] - The company’s cash and cash equivalents decreased from RMB 309.74 million at the beginning of the period to RMB 281.77 million at the end[25] - The company’s cash and cash equivalents decreased, impacting liquidity and operational flexibility[26] - Cash flow from operating activities increased to ¥114,713,397.35, up from ¥3,661,265.27 year-over-year[33] - Cash flow from financing activities generated a net inflow of ¥2,709,023.55, down from ¥5,394,182.05 year-over-year[33] - The ending cash and cash equivalents balance was ¥274,088,743.03, compared to ¥172,388,436.10 at the end of the previous period[34] Assets and Liabilities - Total assets as of September 30, 2025, were ¥1,637,447,191.43, reflecting a decrease of 5.69% from ¥1,736,218,407.91 at the end of the previous year[5] - Total liabilities increased to CNY 824,699,371.62 from CNY 719,658,493.32, an increase of approximately 14.6%[27] - Current liabilities totaled CNY 568,492,041.77, down from CNY 590,681,455.07, a decrease of about 3.9%[27] - The company’s equity attributable to shareholders decreased to CNY 790,589,574.60 from CNY 1,004,263,745.20, a decline of about 21.3%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,825[17] - The largest shareholder, Tang Weizhong, holds 38.25% of the shares, totaling 54,050,556 shares[17] - The top ten shareholders collectively hold 68.25% of the company's shares, indicating a concentrated ownership structure[17] - The total number of shares held by the top ten unrestricted shareholders amounts to 40,537,917 shares[20] - The company has no preferred shareholders or changes in restricted shares during the reporting period[19] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending[18] Research and Development - Research and development expenses decreased by 36.54% to ¥14,306,595.03 from ¥22,544,014.54 in the previous year[13] - The company reported a significant increase in research and development expenses to CNY 14,306,595.03 from CNY 22,544,014.54, a decrease of approximately 36.6%[29] Strategic Acquisitions - The company plans to acquire 100% equity of Zhejiang Huguo Waste Management Co., Ltd. for RMB 135.012 million, enhancing its position in the waste recycling market[22] - The acquisition of Huguo is expected to positively impact the company's performance by expanding its business into residential waste recycling[23] - The company has established a comprehensive waste resource recycling industry chain, enhancing its competitiveness in the "waste-free city" initiative[23] Operating Costs and Revenue - Total operating costs increased to CNY 1,032,933,749.27, up 12.9% from CNY 914,792,402.00 in the previous period[28] - The company recorded a significant increase in sales revenue from goods and services, reaching ¥1,166,588,655.72, compared to ¥992,981,863.90 in the previous period[32]

Core Insights - The environmental governance sector saw a 0.42% increase on October 27, with Jia Rong Technology leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Environmental Governance Sector Performance - Jia Rong Technology (301148) closed at 34.70, up 7.16% with a trading volume of 43,500 shares and a transaction value of 150 million [1] - Qidi Environment (000826) closed at 2.40, up 6.19% with a trading volume of 2.5364 million shares and a transaction value of 616 million [1] - Xianglong Electric (600769) closed at 14.37, up 4.51% with a trading volume of 252,000 shares and a transaction value of 360 million [1] - Hai Tian Co., Ltd. (603759) closed at 9.68, up 4.09% with a trading volume of 171,500 shares and a transaction value of 164 million [1] - De Lin Hai (688069) closed at 24.20, up 3.91% with a trading volume of 17,400 shares and a transaction value of 41.68 million [1] - Gao Neng Environment (603588) closed at 7.66, up 3.51% with a trading volume of 484,700 shares and a transaction value of 371 million [1] Capital Flow Analysis - The environmental governance sector experienced a net outflow of 108 million from institutional investors, while retail investors saw a net inflow of 42.49 million [2] - The main stocks with significant net inflows from institutional investors included Gao Neng Environment (743.25 million) and Qidi Environment (707.67 million) [3] - Conversely, stocks like Zhongzhi Co., Ltd. (603903) and Tongyuan Environment (688679) faced declines of 10.00% and 5.46% respectively [2]

Core Viewpoint - Dadi Ocean focuses on hazardous waste resource utilization and harmless disposal, electronic waste dismantling, recycling of old electric bicycles, and household waste recycling, aiming to become a competitive and influential service operator in the "waste-free city" initiative [2] Group 1 - The company adheres to the principles of "green, circular, low-carbon, and environmentally friendly" [2] - Dadi Ocean is dedicated to building a robust recycling system [2] - The company aims to enhance its competitiveness and influence in the waste management sector [2]

Core Points - As of October 20, 2025, the company will have a total of 3,774 shareholders [1]

Core Points - The company announced the adjustment of the 2024 restricted stock incentive plan, including changes to the grant price and quantity of the second category of restricted stocks [2] - The adjusted grant price for the second category of restricted stocks is set at 7.09 yuan per share [2] - The number of granted but unvested second category restricted stocks is adjusted to 3.042 million shares [2] Summary by Category - **Incentive Plan Adjustments** - The company will hold the 18th meeting of the third board of directors on October 20, 2025, to review the adjustments to the incentive plan [2] - Adjustments will be made if there are capital reserve transfers, stock dividends, stock splits, or other related actions before the vesting of the second category of restricted stocks [2] - **Stock Details** - The adjusted number of unvested second category restricted stocks is 3.042 million shares [2] - The new grant price for these stocks is 7.09 yuan per share [2]