上海市锦天城律师事务所 关于武汉天源环保股份有限公司 向不特定对象发行可转换公司债券 并在深圳证券交易所创业板上市的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 | 声明事项 | 2 | | --- | --- | | 正 | 文 4 | | | 一、本次发行上市的批准和授权 4 | | | 二、发行人本次发行上市的主体资格 5 | | | 三、发行人本次发行上市的实质条件 6 | | | 四、结论意见 13 | 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于武汉天源环保股份有限公司 向不特定对象发行可转换公司债券 并在深圳证券交易所创业板上市的 法律意见书 案号：01F20225339 致：武汉天源环保股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受武汉天源环保股份有限 公司（以下简称"发行人"或"公司"或"天源环保"）的委托，并根据发行人 与本所签订的《法律服务协议》，作为发行人向不特定对象发行不超过人民币 100,000.00 万元（含本数）可转换公司债 ...

证券代码：301127 证券简称：天源环保 公告编号：2023-084 武汉天源环保股份有限公司 Wuhan Tianyuan Environmental Protection Co., Ltd. （湖北省武汉市汉南区纱帽街薇湖西路 392 号） 创业板向不特定对象发行可转换公司债券 上市公告书 保荐人（主承销商） （贵州省贵阳市观山湖区长岭北路中天会展城 B 区金融商务区集中商业（北）） 1 二零二三年八月 1 第一节 重要声明与提示 武汉天源环保股份有限公司（以下简称"天源环保"、"发行人"、"公司"或"本 公司"）全体董事、监事和高级管理人员保证上市公告书的真实性、准确性、完整 性，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）等有关法律、法规的规定，本公司董事、 高级管理人员已依法履行诚信和勤勉尽责的义务和责任。 中国证券监督管理委员会（以下简称"中国证监会"）、深圳证券交易所（以 下简称"深交所"）、其他政府机关对本公司可转换公司债券上市及有关事项的意 见 ...

证券代码：301127 证券简称：天源环保 投资者关系活动记录表 武汉天源环保股份有限公司投资者关系活动记录表 | --- | --- | |----------------|---------------------------| | 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 （请文字说明其他活动内容） 参与单位名称及 投资者网上提问 人员姓名 时间 2023 年 7 月 27 日 (周四) 下午 14:00~16:00 地点 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） 采用网络远程的方式召开业绩说明会 上市公司接待人 1、天源环保 副董事长、总经理黄昭玮 员姓名 2、天源环保 董事、财务负责人、董事会秘书邓玲玲 3、中天国富证券 投行广东部总经理、保荐代表人钱亮 4、中天国富证券 业务董事、保荐代表人陈定 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： 1、公司未来业绩增长点在哪些方面？ 您好，公司进一步提升业务开发速度、深化业务深度，逐步 ...

Business Expansion - The company has gradually expanded into new business areas such as new energy wastewater treatment, reclaimed water reuse, waste-to-energy, sludge treatment, and food waste treatment since its IPO [2] - The company aims to develop a revenue model combining service fees and resource-derived income [2] Waste-to-Energy Projects - The company has won bids for four waste-to-energy projects with a total investment of approximately 1.397 billion yuan [2] - These projects include sludge and industrial solid waste resource utilization centers and municipal solid waste incineration power generation facilities [2] - The company plans to continue investing in and acquiring high-quality projects while optimizing project design and management [3] Sludge Treatment Technology - The company recently signed a 50 million yuan contract for a sludge treatment project in Chishui City, with a first-phase capacity of 50 tons/day [3] - The company's proprietary "High-speed Vortex Low-temperature Sludge Drying Technology" offers several advantages: - Effective dewatering, reducing moisture content from 85% to below 30% [3] - Low operating temperature (below 60℃) with no dust or odor issues [3] - Compact footprint (less than 500㎡ for a 70-ton/day production line) [3] - High automation with PLC+touchscreen intelligent control [3] - Low operating costs without additional heat sources or chemical agents [3] Investor Relations - The company is committed to strengthening internal governance, controlling costs, and improving net profit to create more investment returns for shareholders [3]

Financial Performance - The company's operating revenue for Q1 2023 was ¥263,399,247.83, representing a 132.12% increase compared to ¥113,474,878.30 in the same period last year[5] - Net profit attributable to shareholders was ¥25,308,147.81, up 32.22% from ¥19,140,938.06 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥23,227,344.44, reflecting a 47.75% increase from ¥15,720,376.74 in the previous year[5] - Basic earnings per share increased by 20.00% to ¥0.06 from ¥0.05 year-on-year[5] - Net profit for Q1 2023 was ¥25,570,648.41, up from ¥19,121,123.38 in Q1 2022, indicating a growth of approximately 33.0%[19] Cash Flow and Liquidity - The company's cash flow from operating activities improved to -¥42,234,568.01, a 57.24% reduction in losses compared to -¥98,775,179.54 in the same period last year[10] - The company's cash and cash equivalents at the end of Q1 2023 amount to ¥950,801,955.03, down from ¥1,096,999,765.95 at the beginning of the year[15] - The ending cash and cash equivalents balance was 916,761,059.66, compared to 445,725,874.11 at the end of Q1 2022, showing a strong liquidity position[23] - Total cash inflow from operating activities was primarily driven by cash received from sales, amounting to 138,400,834.49, compared to 117,514,707.45 in the previous year[22] - The company reported a significant decrease in cash outflow related to other operating activities, which fell to 15,729,946.79 from 44,210,404.21[22] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,201,109,371.38, a slight increase of 0.54% from ¥3,183,971,482.37 at the end of the previous year[5] - The company's total liabilities as of Q1 2023 amounted to ¥1,061,371,736.67, a decrease from ¥1,074,030,546.06 in the previous year[18] - The total equity attributable to shareholders of the parent company increased to ¥2,131,615,639.85 from ¥2,102,081,442.05, marking a growth of about 1.4%[18] - The total number of common shareholders at the end of the reporting period is 28,649[11] Research and Development - The company significantly increased its R&D expenses by 169.59% to ¥8,982,249.05, up from ¥3,331,872.67, indicating a focus on technology development[9] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided documents[12] Operating Costs - The company reported a 151.59% increase in operating costs, totaling ¥195,584,815.16, compared to ¥77,739,359.56 in the same period last year[9] - Total operating costs for Q1 2023 were ¥232,599,112.77, compared to ¥100,244,664.51 in Q1 2022, reflecting an increase of about 132.3%[18] Shareholder Information - The largest shareholder, Hubei Tianyuan Environmental Protection Group, holds 33.83% of shares, totaling 141,564,979 shares[11] - The second-largest shareholder, Konka Group Co., Ltd., holds 14.71% of shares, totaling 61,560,000 shares[11]

证券代码：301127 证券简称：天源环保 武汉天源环保股份有限公司投资者关系活动记录表 编号：2023-001 | 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） | | 参与单 位名称 | 参与公司 2022 年度业绩说明会的全体投资者 | | 及人员姓名 | | | 时间 | 2023 年 4 月 7 日 15:00-17:00 | | 地点 | 湖北省武汉市汉南区兴城大道 400 号天源天骄大厦 | | 上市公 司接待 | 董事长：黄开明 | | 人员姓名 | 副董事长、总裁：黄昭玮 | | | 财务负责人、董事会秘书：邓玲玲 | | | 独立董事：李先旺 | | 1. | 请介绍下公司环保项目投资业务是怎么运作的？ | | | 答：尊敬的投资者您好！公司的环保投资业务采用 BOT、PPP、 | | 投资者 关系活 | TOT 等形式，通过公开招投标获取。感谢您的关注！ | | 动主要 内容介 | 2.公司有没有申报专精 ...

Financial Performance - The company's operating revenue for 2022 was ¥1,272,187,257.75, representing a 67.41% increase compared to ¥759,912,065.43 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥202,129,241.46, a 26.18% increase from ¥160,193,349.64 in 2021[23]. - The net cash flow from operating activities improved significantly to ¥116,294,335.63, compared to a negative cash flow of -¥73,301,265.22 in 2021, marking a 258.65% increase[23]. - The total assets at the end of 2022 were ¥3,183,971,482.37, up 28.81% from ¥2,471,771,106.30 at the end of 2021[23]. - The company reported a basic earnings per share of ¥0.49 for 2022, a decrease of 5.77% from ¥0.52 in 2021[23]. - The company received government subsidies amounting to ¥16,071,930.15 in 2022, compared to ¥5,086,618.30 in 2021, primarily due to listing rewards and R&D incentives[29]. - The company’s weighted average return on equity decreased to 9.98% in 2022 from 23.00% in 2021, reflecting a decline of 13.02%[23]. Business Operations - The company is engaged in the environmental protection and governance industry, focusing on complex wastewater treatment and renewable energy sectors[33]. - The company operates under a four-in-one business model, integrating environmental project investment, equipment manufacturing, overall solutions, and water treatment services[46]. - The company has established a sales network with 5 regional sales companies and 22 sales branches, enabling rapid response to market demands[49]. - The company has completed over 200 projects in high-difficulty wastewater and leachate treatment across more than 20 provinces in China[54]. - The company operates 27 subsidiaries and 20 branches nationwide, enhancing its ability to respond quickly to project demands[55]. Market and Industry Trends - The national wastewater treatment capacity reached over 210 million cubic meters per day, with a year-on-year growth of 7.8%[40]. - By 2025, the urban sewage collection rate is targeted to exceed 70%, with a focus on improving the efficiency of sewage treatment facilities[37]. - The government plans to invest 200 billion RMB in sludge treatment during the 14th Five-Year Plan period, indicating a significant market demand for sludge disposal technology[42]. - The resource utilization rate of municipal solid waste is expected to increase to 60% by 2025 and 65% by 2030, reflecting the government's commitment to waste management[39]. - The sludge generation exceeds 70 million tons annually, highlighting the urgent need for effective sludge management solutions[40]. Research and Development - The company has developed a high-efficiency treatment technology for high-concentration leachate, recognized as an advanced applicable technology by the Ministry of Ecology and Environment[37]. - The company has developed over 20 core technologies and holds 84 effective authorized patents[57]. - The company’s R&D investment amounted to ¥31,302,731.43 in 2022, representing 2.46% of operating revenue[80]. - The number of R&D personnel increased by 66.67% from 90 in 2021 to 150 in 2022[80]. - The company has successfully applied its emergency treatment system for leachate in multiple projects, achieving ammonia nitrogen concentration below 25 mg/L[77]. Financial Management and Governance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management team[3]. - The company has established a clear management system and organizational structure, ensuring efficient execution of strategic goals[52]. - The company has a robust internal audit system in place to enhance operational management and risk control[130]. - The company ensures independence from its controlling shareholder in terms of assets, personnel, and financial operations[131]. - The company has established a complete governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder interests[126]. Risk Management - The company faces risks from macroeconomic changes that could affect government investment in environmental facilities[118]. - The company is also at risk of intensified industry competition as more strong enterprises enter the market[119]. - To mitigate risks, the company will focus on tracking and developing new technologies and materials through partnerships with universities[120]. - The company maintains a stable core management team while regularly conducting management training to address management risks[121]. Employee and Management Structure - The total number of employees at the end of the reporting period is 677, with 488 in the parent company and 189 in major subsidiaries[170]. - The company has a structured remuneration decision-making process based on operational performance and individual annual performance goals[157]. - The company has strengthened its employee training system, promoting a culture of continuous learning and improving overall business capabilities[172]. - The company has implemented a stock incentive plan, with discussions on its management and implementation[166]. Future Outlook - The company plans to continue its market expansion and product development in the renewable energy sector, reflecting its strategic growth initiatives[71]. - The company aims to achieve stable effluent quality meeting the Class A water quality standards through its wastewater treatment projects[77]. - Future outlook includes a projected revenue growth of 30% for 2023, driven by increased demand for environmental solutions[149]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 10% market share within the next three years[149].

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。 武汉天源环保股份有限公司（以下简称"公司"）于 2023 年 3 月 16 日披露 了《2022 年年度报告》全文及摘要。为便于广大投资者更深入全面地了解公司 的经营业绩、发展战略、利润分配预案等情况，进一步加强与投资者的沟通， 做好投资者关系管理工作，拟定于 2023 年 4 月 7 日（星期五）15:00-17:00 举办 2022 年度业绩说明会。 一、说明会召开的时间和形式 时间：2023 年 4 月 7 日（星期五）15:00-17:00 形式：现场和网络视频直播 网址：全景网（www.p5w.net） 现场会议地址：武汉市汉南区兴城大道 400 号天源天骄大厦 20 层会议室 证券代码：301127 证券简称：天源环保 公告编号：2023-023 武汉天源环保股份有限公司 关于举行2022年度网上业绩说明会的公告 二、参会人员： 公司董事长黄开明先生，副董事长、总裁黄昭玮先生，独立董事李先旺先 生，财务负责人、董事会秘书邓玲玲女士，保荐机构代表钱亮先生。（如遇特殊 情况，参会人员将有调整。） 三、投资 ...

Financial Performance - The company's operating revenue for 2021 was ¥759.91 million, representing a 38.19% increase compared to ¥549.89 million in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥160.19 million, a 10.29% increase from ¥145.24 million in 2020[20]. - The net cash flow from operating activities was negative at -¥73.30 million, a decrease of 128.00% compared to ¥261.75 million in 2020[20]. - The total assets at the end of 2021 amounted to ¥2.47 billion, a 120.28% increase from ¥1.12 billion at the end of 2020[20]. - The net assets attributable to shareholders increased by 209.00% to ¥1.90 billion from ¥616.32 million in 2020[20]. - The basic earnings per share for 2021 was ¥0.52, up 10.64% from ¥0.47 in 2020[20]. - The company reported a total of ¥17.03 million in non-recurring gains for 2021, significantly higher than ¥2.40 million in 2020[26]. - The company's total operating revenue for 2021 was approximately ¥759.91 million, representing a year-on-year increase of 38.19% compared to ¥549.89 million in 2020[62]. - Revenue from environmental engineering construction surged by 225.16% to ¥296.48 million, up from ¥91.18 million in the previous year[62]. - The environmental project operation service revenue decreased by 3.70% to ¥346.85 million, down from ¥360.17 million in 2020[62]. Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.45 RMB per 10 shares based on a total of 409,995,800 shares[5]. - The total cash dividend represents 100% of the total distributable profit of 406,511,382.36 yuan[187]. - The profit distribution policy prioritizes cash dividends, with a minimum of 80% cash distribution for mature companies without major capital expenditures[177]. - The company aims for a minimum of 10% cash distribution of the current year's distributable profit, ensuring a cumulative distribution of at least 30% over the last three years[180]. - The board of directors has adopted a consistent and stable profit distribution policy, focusing on reasonable returns for investors while ensuring sustainable development[174]. Environmental Commitment - The company has a commitment to environmental protection and sustainable development as part of its core business strategy[5]. - The company operates in the environmental management sector, focusing on leachate treatment and complex wastewater management services[30]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[197]. - The total discharge of COD (Chemical Oxygen Demand) was reported at 22.448 tons/year, with a maximum allowable concentration of 50 mg/L[197]. - The company reported an ammonia nitrogen discharge of 27.375 tons/year, exceeding the standard limit of 75 tons/year[197]. - The company’s TN (Total Nitrogen) discharge was 68.164 tons/year, with a standard limit of 15 tons/year[197]. - The company’s TP (Total Phosphorus) discharge was 2.245 tons/year, with a standard limit of 0.5 tons/year[197]. - The company has received environmental approvals for multiple projects, indicating regulatory compliance and operational readiness[200]. Research and Development - The company has developed 8 core technologies and holds 59 patents, positioning itself as a leading brand in the leachate treatment industry[42]. - The company is developing a low-temperature evaporation device aimed at effectively treating leachate from aging landfills, with a target COD removal rate of no less than 93%[76]. - The company is developing a new indirect gas recovery technology for sludge drying, aiming to reduce moisture content by 30%[78]. - The total R&D investment amounted to 19,171,155.16 yuan in 2021, accounting for 2.52% of operating revenue, a decrease from 2.81% in 2020[79]. - The number of R&D personnel increased by 38.46% to 54 in 2021, with a notable rise in the number of bachelor's degree holders by 50.00%[79]. Operational Risks and Governance - The company faced uncertainty regarding its ability to continue as a going concern, as indicated in the audit report[20]. - The ongoing COVID-19 pandemic presents operational risks, with potential impacts on production, logistics, and market expansion, which the company is monitoring closely[116]. - The company emphasizes the importance of monitoring macroeconomic risks and enhancing its governance structure to ensure sustainable development[112]. - The company has established a comprehensive performance evaluation system for senior management, linking their performance directly to compensation[127]. - The company maintains a high level of information disclosure, ensuring that all shareholders have equal access to information through designated media[127]. Market Expansion and Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[147]. - New product launches are expected to contribute an additional 300 million RMB in revenue next year[147]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 10%[147]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 500 million RMB allocated for potential deals[147]. Internal Control and Compliance - The company has not reported any risks during the supervisory activities of the board of supervisors in the reporting period[168]. - There were no significant internal control deficiencies identified during the reporting period, indicating effective internal control measures[192]. - The internal control audit report issued a standard unqualified opinion, confirming no significant deficiencies in non-financial reporting[195]. - The company's internal control assessment was consistent with the auditor's report[195]. Employee Management - The total number of employees at the end of the reporting period was 685, with 504 in the parent company and 181 in major subsidiaries[169]. - The company has a structured salary policy that aligns with employee contributions and includes a performance evaluation system to enhance motivation[171]. - The company emphasizes talent development through various training programs for skill enhancement and management capabilities[172].

武汉天源环保股份有限公司 2022 年第三季度报告 证券代码：301127 证券简称：天源环保 公告编号：2022-107 武汉天源环保股份有限公司 2022 年第三季度报告 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。 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.第三季度报告是否经过审计 □是 否 1 武汉天源环保股份有限公司 2022 年第三季度报告 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 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 244,534,027.23 | 63.15% | 8 ...