股票代码：301109 股票简称：军信股份 上市地点：深圳证券交易所 湖南军信环保股份有限公司 发行股份及支付现金购买资产 并募集配套资金暨关联交易报告书（草案） （修订稿） | 交易对方类型 | 交易对方名称 | | --- | --- | | | 湖南仁联企业发展有限公司、湖南仁景商业管理有限公司、 | | | 湖南仁怡企业管理合伙企业（有限合伙）、青岛松露股权投 | | 发行股份及支付 | 资企业（有限合伙）、青岛高信明远投资合伙企业（有限合 | | 现金购买资产 | 伙）、长沙润合企业管理合伙企业（有限合伙）、洪也凡、 | | | 易志刚、胡世梯、杨建增、朱光宁、蔡思吉、彭勇强、祖柱、 | | | 王清、刘仕平、王年庚、陈坤、孙虎 | | 募集配套资金 | 不超过 35 名符合条件的特定对象 | 独立财务顾问 二〇二三年八月 湖南军信环保股份有限公司 重组报告书（草案） 上市公司声明 本公司及全体董事、监事、高级管理人员保证本报告书内容的真实、准确、 完整，对报告书的虚假记载、误导性陈述或重大遗漏负相应的法律责任。 本公司全体董事、监事、高级管理人员承诺：如本人因所提供的或者披露的 信息存在虚假记载、 ...

中信证券股份有限公司 关于 湖南军信环保股份有限公司 发行股份及支付现金购买资产并募集配套 资金暨关联交易 之 独立财务顾问报告 （修订稿） 独立财务顾问 签署日期：二〇二三年八月 湖南军信环保股份有限公司 独立财务顾问报告 本独立财务顾问声明如下： 1、本独立财务顾问与本次交易所涉及的交易各方不存在利害关系，就本次 交易发表意见是完全独立的； 声 明 2、本独立财务顾问报告所依据的文件、材料由本次交易的相关各方向本独 立财务顾问提供。相关各方已承诺在本次交易过程中所提供的信息真实、准 确、完整，不存在虚假记载、误导性陈述或者重大遗漏。本独立财务顾问不承 担由此引起的任何风险责任； 本声明所述词语或简称与本独立财务顾问报告"释义"所述词语或简称具 有相同含义。 3、本独立财务顾问报告是基于相关各方均按相关协议的条款和承诺全面履 行其所有义务的基础而提出的； 中信证券受军信股份的委托担任本次交易的独立财务顾问。根据《公司 法》《证券法》《重组管理办法》《发行管理办法》《准则第 26 号》《上市公 司并购重组财务顾问业务管理办法》等法律、法规的有关规定，按照证券行业 公认的业务标准、道德规范，本着诚实信用、勤勉尽 ...

3-2 法律意见书 | 序号 | 文件名称 | 序号 | | --- | --- | --- | | 1 | 国浩律师（长沙）事务所关于湖南军信环保股份有限公司发 行股份及支付现金购买资产并募集配套资金暨关联交易之法 | 1 -135 | | | 律意见书 | | | 2 | 国浩律师（长沙）事务所关于湖南军信环保股份有限公司发 行股份及支付现金购买资产并募集配套资金暨关联交易之补 | 1 -50 | | | 充法律意见书（一） | | 国浩律师（长沙）事务所 关于 湖南军信环保股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 之 法律意见书 國 浩 律 師 （長 沙） 事 務 所 GRANDALL LAW FIRM（CHANG SHA） 中国长沙市湘江中路保利国际广场 B3 栋 17 楼 邮编：410000 17/F，Building B3，Poly International Plaza，Middle Xiangjiang Road，Changsha410000，China 电话/Tel:+86 0731 8868 1999 传真/Fax:+86 0731 8868 1999 网址/We ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 360,288,717.83, a decrease of 0.33% compared to CNY 361,487,622.23 in the same period last year[5]. - Net profit attributable to shareholders increased by 19.67% to CNY 111,336,302.44 from CNY 93,038,657.95 year-on-year[5]. - Basic and diluted earnings per share decreased by 10.28% to CNY 0.2715 from CNY 0.3026 in the previous year[5]. - The weighted average return on equity decreased to 2.20% from 3.87% year-on-year[5]. - The net profit for Q1 2023 was CNY 138,802,519.28, representing an increase of 17.8% compared to CNY 117,819,971.69 in Q1 2022[29]. - The operating profit for the period was CNY 149,479,233.96, up from CNY 125,036,513.49 in the same period last year, indicating a growth of 19.6%[29]. - The total profit for Q1 2023 reached CNY 149,833,049.89, compared to CNY 124,982,516.36 in Q1 2022, marking an increase of 19.9%[29]. - The total comprehensive income for the period was CNY 138,802,519.28, compared to CNY 117,819,971.69 in the previous year, indicating a growth of 17.8%[29]. Cash Flow and Investments - The net cash flow from operating activities surged by 1,481.96% to CNY 122,263,063.24, compared to CNY 7,728,565.97 in Q1 2022[11]. - The net cash flow from investing activities was CNY 190,652,033.63, a significant recovery from a negative CNY 211,210,029.70 in Q1 2022[11]. - Cash flow from operating activities generated a net amount of CNY 122,263,063.24, significantly higher than CNY 7,728,565.97 in the previous year[31]. - The company reported cash inflows from investment activities totaling CNY 1,218,645,687.94, with a net cash flow from investment activities of CNY 190,652,033.63[31]. - The cash and cash equivalents at the end of the period amounted to CNY 1,275,474,422.03, an increase from CNY 631,080,418.65 at the end of Q1 2022[32]. - The cash and cash equivalents increased to CNY 1,281,674,823.29 from CNY 1,037,792,829.72, representing a growth of about 23.5%[24]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 9,802,281,286.28, reflecting a 0.26% increase from CNY 9,776,707,108.52 at the end of the previous year[5]. - The total liabilities decreased to CNY 4,141,713,973.00 from CNY 4,237,141,979.06 at the beginning of the year, reflecting a reduction of approximately 2.25%[26]. - The company’s total equity increased to CNY 5,660,567,313.28 from CNY 5,539,565,129.46, reflecting a growth of about 2.18%[26]. Tax and Expenses - The company reported a 54.00% increase in income tax expenses, amounting to CNY 11,030,530.61, due to increased revenue and profits[10]. - The company incurred income tax expenses of CNY 11,030,530.61, which is an increase from CNY 7,162,544.67 in Q1 2022[29]. - The company reported a decrease in research and development expenses to CNY 13,420,389.66 from CNY 16,524,215.27, a reduction of approximately 18.5%[27]. Operational Highlights - The total waste processed by the company in Q1 2023 was 828,100 tons, an increase of 3.45% compared to the previous year[18]. - The electricity generated and fed into the grid was 335 million kWh, reflecting a year-on-year growth of 14.46%[18]. - The fly ash landfill processing volume reached 17,200 tons, which is a 17.29% increase year-on-year[18]. - The company signed a supplementary agreement for the solid waste treatment franchise rights on March 30, 2023, indicating ongoing expansion in its operational capabilities[22]. - The company plans to engage in a major asset restructuring, with stock trading resuming on March 6, 2023, after a temporary suspension[21]. Shareholder Information - The top shareholder, Hunan Junxin Environmental Group, holds 62.23% of the shares, totaling 255,155,217 shares[14]. - The second-largest shareholder, Dai Daoguo, owns 5.27% of the shares, amounting to 21,611,654 shares[14]. - The company has a total of 35,113 common stock shareholders at the end of the reporting period[13]. Joint Ventures - The company won the bid for the Liuyang City waste incineration power generation project, establishing a joint venture with a 70% stake[19]. - The registered name of the new joint venture company is "Hunan Liuyang Junxin Environmental Co., Ltd."[19]. - The company completed the registration of the new subsidiary and obtained its business license[19].

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 9 RMB per 10 shares to all shareholders, based on a total of 410,010,000 shares[3]. - The profit distribution policy emphasizes a stable return to investors, with cash dividends not less than 10% of the distributable profit for the year[161]. - Cash dividends should account for at least 80% of the profit distribution when the company is in a mature stage without major capital expenditures[161]. - The company proposed a cash dividend of 9 yuan per 10 shares (including tax), totaling 369,009,000 yuan, which represents 100% of the distributable profit[171]. - The total distributable profit for the year was 814,274,534.97 yuan, indicating a strong commitment to shareholder returns[171]. - The company did not issue any bonus shares or increase capital from reserves during this distribution[171]. Financial Performance - The company's operating revenue for 2022 was ¥1,570,586,685.82, a decrease of 24.45% compared to ¥2,054,547,868.23 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥466,196,905.82, representing a 4.37% increase from ¥439,249,323.77 in 2021[21]. - The total assets as of December 31, 2022, were ¥9,776,707,108.52, an increase of 30.83% from ¥7,462,227,288.22 in 2021[22]. - The net assets attributable to shareholders increased by 112.15% to ¥4,993,250,078.83 in 2022 from ¥2,346,163,232.66 in 2021[22]. - The basic earnings per share for 2022 was ¥1.2404, down 14.61% from ¥1.4285 in 2021[21]. - The total revenue for 2022 was CNY 1,570.59 million, a decrease of 24.45% compared to CNY 2,078.79 million in 2021[53]. Operational Highlights - The company is involved in various projects related to waste management, including waste incineration and sludge treatment[13]. - The company reported quarterly revenues of ¥361,487,622.23, ¥452,113,618.06, ¥388,317,640.19, and ¥368,667,805.34 for Q1, Q2, Q3, and Q4 respectively in 2022[24]. - The company achieved a garbage incineration power generation of 1.386 billion kWh, up 27.64% year-on-year[51]. - In 2022, the company processed 3.32 million tons of waste, a year-on-year increase of 1.95%[51]. - The company’s waste incineration capacity is expected to expand into county-level areas, providing new growth opportunities in the waste management sector[33]. Research and Development - The company has achieved 57 patent authorizations during the reporting period, including 19 invention patents, and has invested 15.09 million yuan in R&D, accounting for 3.25% of the revenue[47][46]. - The company invested CNY 50,993,113.20 in R&D in 2022, representing 3.25% of its operating revenue, an increase from 2.31% in 2021[71]. - The number of R&D personnel increased by 5.06% from 79 in 2021 to 83 in 2022, with a proportion of 12.43% of total employees[71]. - The company is focused on optimizing the operational parameters of waste incineration projects to enhance overall efficiency and reduce operational costs[68]. - The company is enhancing its technological capabilities and service offerings in the waste incineration power generation sector, aiming for higher online electricity generation from waste[107]. Environmental Compliance and Initiatives - The company strictly complies with multiple environmental protection laws and standards, including the Environmental Protection Law and the Air Pollution Prevention and Control Law of the People's Republic of China[180]. - All environmental impact assessments have been approved by environmental protection departments, and construction projects have passed environmental protection acceptance[181]. - The company has implemented an emergency response plan for environmental incidents, with no pollution events reported in 2022[186]. - The company has established an environmental self-monitoring plan in compliance with regulations, ensuring public oversight through website disclosures[187]. - The company has achieved significant carbon reduction by improving waste incineration efficiency and recovering heat, leading to a reduction of over 1 million tons of CO2 emissions annually[197]. Corporate Governance - The company has a comprehensive governance structure in place to oversee its operations and ensure accountability[4]. - The board of directors consists of 9 members, including 3 independent directors, meeting the legal requirements for board composition[112]. - The company maintains an independent operational structure, with no financial resources occupied by the controlling shareholder, ensuring complete autonomy in business operations[117]. - The company has established a transparent information disclosure system, ensuring all shareholders, especially minority shareholders, have equal access to important information[114]. - The company has independent financial and personnel management systems, ensuring no overlap with the controlling shareholder's operations[118]. Strategic Development - The company is actively pursuing strategic development plans and new growth points, including potential acquisitions and partnerships[107]. - The company plans to focus on large-scale solid waste treatment projects for heavy asset investment, aiming to enhance its continuous profitability[100]. - The company aims to establish a comprehensive solid waste treatment service capability, covering waste classification, collection, incineration power generation, and sludge treatment[101]. - The company is focusing on market expansion in Southeast Asia, targeting a 30% increase in market share in the region by 2025[132]. - The company is committed to enhancing its brand influence and recognition through a multi-faceted approach to brand building and cultural promotion[104].

证券代码：301109 证券简称：军信股份 公告编号：2023-035 湖南军信环保股份有限公司 关于举行2022年度网上业绩说明会的公告 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。 湖南军信环保股份有限公司（以下简称"公司"）已于2023年4月25日在指定的信息披 露网站巨潮资讯网（www.cninfo.com.cn）发布了《2022年年度报告》和《2022年年度报告 摘要》。 为便于广大投资者进一步了解公司经营业绩、发展规划等情况，公司定于2023年4月28 日（星期五）15:00-16:00在"价值在线"（www.ir-online.cn）以网络文字互动的方式举 行公司2022年度网上业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 具体安排如下： 一、时间：2023年4月28日（星期五）15:00-16:00 二、出席人员：公司董事长戴道国先生，董事、总经理冷朝强先生，董事、副总经理兼 董事会秘书覃事顺先生，财务总监戴彬先生，独立董事黎毅女士，保荐代表人姚伟华先生。 特此公告。 湖南军信环保股份有限公司董事会 2023年4月25日 ...

证券代码：301109 证券简称：军信股份 湖南军信环保股份有限公司 投资者关系活动记录表 编号：2022-04-28 | --- | --- | --- | |--------------|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | | □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 | □路演活动 | | | □现场参观 √其他 | 电话会议 | | 参与单位名称 | | 中信证券、广发证券、国泰君安、东兴证券、北京高熵资产管理有限公司 | | 时间 | 2022 年 4 月 28 日下午 | 14 ： 00 | | 地点 | 军信股份会议室 | | | 上市公司接待 | | 董事、董事会秘书：覃事顺、董事、财务总监：周重波、审计部经理：郭 | | 人 ...

证券代码：301109 证券简称：军信股份 湖南军信环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------|-----------------------------------|----------------------------------------------------|--------------------------------------------------------------------| | | | | 编号： 2022-002 | | | □特定对象调研 □分析师会议 | | | | 投资者关系活 | □媒体采访 | 业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | | □现场参观 | 其他 | | | 参与单位名称 | 网上投资者 | | | | 时间 | 2022 年 5 月 17 日 15 | ： 00-17 ： 00 | | | 地点 | 公司通过全景网 " 式召开业绩说明会 | 投资者关系互动平台 " （ | http://ir.p5w.net ）采用网络远程的方 | ...

证券代码：301109 证券简称：军信股份 湖南军信环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|----------------------------------------------------------|-------------------------------------------|-------|-----------------| | 投资者关系活 \n动类别 | \n□媒体采访 \n□新闻发布会 □路演活动 \n 现场参观 其他 | 特定对象调研 □分析师会议 \n□业绩说明会 \n | | 编号： 2022-003 | | | 湖南轻盐创业投资管理有限公司 | | | | | | 湖南省湘江私募基金管理有限公司 | | | | | | 湖南湘江融信私募基金管理有限公司 | | | | | | 湖南华夏投资集团有限公司 | | | | | | 湖南嘉宇实业有限公司 | | | | | 参与单位 | 西藏源乘投资管理有限公司 | | | | | | 湖南万泰华瑞投资管理有限责任公 ...