证券代码：301203 证券简称：国泰环保 公告编号:2025-027 杭州国泰环保科技股份有限公司 关于审计机构变更签字会计师的公告 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。 杭州国泰环保科技股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召 开第四届董事会第十次会议、第四届监事会第十次会议，并于 2025 年 5 月 15 日召开 2024 年度股东大会，分别审议通过了《关于续聘会计师事务所的议案》， 同意续聘天健会计师事务所（特殊普通合伙）（以下简称"天健会计师事务所"） 为公司 2025 年度审计机构。具体内容详见公司于 2025 年 4 月 24 日在巨潮资讯 网披露的《关于公司续聘 2025 年度审计机构的公告》（公告编号：2025-010）。 近日，公司收到天健会计师事务所送达的《关于变更签字注册会计师的函》， 现将具体情况公告如下： 三、签字注册会计师独立性和诚信情况 签字注册会计师徐晓峰、刘小欢近三年未受到任何刑事处罚，未因执业行为 受到证监会及其派出机构、行业主管部门等的行政处罚或监督管理措施，未因执 业行为受到证券 ...

Core Insights - The stock of Guotai Environmental Protection experienced a decline of 0.78% on October 30, with a trading volume of 28.28 million yuan [1] - The company reported a net financing purchase of 2.99 million yuan on the same day, indicating a relatively high level of financing activity [1][2] - As of October 30, the total balance of margin trading for Guotai Environmental Protection was 49.29 million yuan, accounting for 3.14% of its market capitalization [1] Financing and Margin Trading - On October 30, Guotai Environmental Protection had a financing purchase of 3.70 million yuan, with a total financing balance of 49.29 million yuan, which is above the 60th percentile of the past year [1] - The company had no short selling activity on the same day, with a short selling balance of 0.00 yuan, indicating a high level of short selling availability [1] Company Overview - Guotai Environmental Protection, established on July 13, 2001, and listed on April 4, 2023, specializes in sludge treatment, equipment sales, and water environment ecological restoration [1] - The company's revenue composition is as follows: sludge treatment services (92.53%), water environment ecological restoration (6.40%), equipment sales (0.95%), and others (0.12%) [1] Financial Performance - For the period from January to September 2025, Guotai Environmental Protection reported a revenue of 235 million yuan, a year-on-year decrease of 2.38% [2] - The net profit attributable to the parent company for the same period was 98.17 million yuan, reflecting a year-on-year decrease of 3.01% [2] Shareholder Information - As of September 30, the number of shareholders for Guotai Environmental Protection was 7,042, an increase of 6.52% compared to the previous period [2] - The average number of circulating shares per shareholder was 6,225, which represents a decrease of 6.12% from the previous period [2] Dividend Information - Guotai Environmental Protection has distributed a total of 360 million yuan in dividends since its A-share listing [3]

Group 1 - The core viewpoint of the article is that Guotai Environmental Protection (301203.SZ) reported a decline in both revenue and net profit for the first three quarters of the year [1] Group 2 - The company's operating revenue for the first three quarters was 230 million yuan, representing a year-on-year decrease of 2.38% [1] - The net profit attributable to shareholders of the listed company was 98.17 million yuan, down 3.01% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 94.45 million yuan, reflecting a year-on-year decline of 5.74% [1]

Core Viewpoint - Cathay Environmental Protection (301203.SZ) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 235 million yuan, a year-on-year decrease of 2.38% [1] - The net profit attributable to shareholders of the listed company was 98.17 million yuan, down 3.01% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 94.45 million yuan, reflecting a year-on-year decrease of 5.74% [1] - Basic earnings per share stood at 1.23 yuan [1]

Core Insights - The company reported a third-quarter revenue of 67.76 million yuan, representing a year-on-year decline of 5.33% [1] - The net profit for the third quarter was 32.13 million yuan, showing a year-on-year increase of 4.79% [1] - For the first three quarters, the total revenue was 235 million yuan, which is a year-on-year decrease of 2.38% [1] - The net profit for the first three quarters was 98.17 million yuan, reflecting a year-on-year decline of 3.01% [1] Revenue Analysis - Third-quarter revenue decreased to 67.76 million yuan from the previous year, indicating a negative trend [1] - Year-to-date revenue for the first three quarters stands at 235 million yuan, also showing a decline compared to the same period last year [1] Profitability Metrics - The net profit for the third quarter increased to 32.13 million yuan, contrasting with the revenue decline [1] - Year-to-date net profit for the first three quarters is 98.17 million yuan, which is lower than the previous year [1]

Revenue and Profit - The company's revenue for Q3 2025 was ¥67,760,428.01, representing a decrease of 5.33% compared to the same period last year[5] - Net profit attributable to shareholders was ¥32,131,837.39, an increase of 4.79% year-on-year[5] - The basic earnings per share for the period was ¥0.4, reflecting a growth of 5.26% compared to the previous year[5] - Total operating revenue for the current period is ¥234,747,987.51, a decrease of 2.9% from ¥240,481,663.91 in the previous period[20] - Net profit for the current period is ¥99,810,498.10, down 3.3% from ¥103,071,535.95 in the previous period[21] - Basic and diluted earnings per share are both ¥1.23, compared to ¥1.27 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,495,334,318.23, a decrease of 1.78% from the end of the previous year[5] - Total current assets decreased from 1,223,116,092.53 CNY to 1,175,319,294.92 CNY, a decline of approximately 3.9%[17] - Total liabilities decreased from 62,492,995.19 CNY to 55,531,771.72 CNY, a reduction of about 11.1%[18] - Total equity decreased from 1,459,992,048.41 CNY to 1,439,802,546.51 CNY, a decline of approximately 1.4%[18] - The company has a total of 320,015,023.31 CNY in non-current assets, up from 299,368,951.07 CNY, an increase of about 6.9%[17] Cash Flow - Cash flow from operating activities showed a net increase of 25.02% year-to-date, totaling ¥83,602,728.86[5] - Net cash flow from operating activities increased to ¥83,602,728.86, up from ¥66,871,921.84, representing a growth of 25.8%[25] - Cash and cash equivalents at the end of the period are ¥231,181,125.50, down from ¥937,767,411.26 at the beginning of the period[25] - Investment activities resulted in a net cash outflow of ¥23,655,245.78, compared to a larger outflow of ¥80,954,393.05 in the previous period[25] Expenses - Sales expenses increased by 67.34% year-on-year, totaling ¥1,038,200, attributed to an increase in sales personnel[10] - The company reported a decrease in research and development expenses to ¥12,371,644.87 from ¥13,506,352.03, a reduction of 8.4%[21] - Sales expenses increased to ¥2,579,933.55 from ¥1,541,730.14, marking a rise of 67.4%[20] Investments - The company reported a significant increase in investment income of ¥198.87 million, up 8358.96% year-on-year, primarily due to increased returns from financial products[10] - The company experienced a 100% increase in long-term equity investments, amounting to ¥14,135,200, primarily due to investments in joint ventures[9] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,042[14] - The largest shareholder, Chen Baixiao, holds 36.38% of shares, totaling 29,100,000 shares[14] Inventory and Receivables - The company reported a decrease in inventory by 88.93%, amounting to ¥12,582,800, due to successful sales[9] - Accounts receivable increased from 138,225,589.34 CNY to 156,804,263.69 CNY, an increase of about 13.5%[16] - Inventory decreased significantly from 14,149,620.30 CNY to 1,566,782.14 CNY, a drop of approximately 88.9%[16] Other Financial Metrics - The company received government subsidies totaling ¥310,554.64 during the reporting period, contributing to its financial performance[6] - The company experienced a net loss from credit impairment of ¥8,493,746.20, worsening from a loss of ¥5,340,061.07 in the previous period[21]

Market Overview - The environmental governance sector increased by 1.58% on October 21, with Donghu Gaoxin leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Top Gainers in Environmental Governance Sector - Donghu Gaoxin (600133) closed at 10.86, up 10.03% with a trading volume of 951,100 shares and a transaction value of 1.024 billion [1] - Fulongma (603686) closed at 25.11, up 9.99% with a trading volume of 757,200 shares and a transaction value of 1.828 billion [1] - Wuhan Holdings (600168) closed at 5.62, up 9.98% with a trading volume of 200,100 shares and a transaction value of 112 million [1] Other Notable Performers - Xianglong Electric (600769) closed at 14.35, up 7.17% with a transaction value of 426 million [1] - Tongyuan Environment (688679) closed at 24.03, up 6.90% with a transaction value of 105 million [1] - Huicheng Environmental Protection (300779) closed at 173.80, up 4.70% with a transaction value of 747 million [1] Market Capital Flow - The environmental governance sector saw a net inflow of 548 million from institutional investors, while retail investors experienced a net inflow of 67.88 million [2] - The sector had a net outflow of 616 million from speculative funds [2] Individual Stock Capital Flow - Fulongma (603686) had a net inflow of 301 million from institutional investors, but a net outflow of 134 million from speculative funds [3] - Donghu Gaoxin (600133) saw a net inflow of 233 million from institutional investors, with significant outflows from both speculative and retail investors [3] - Huicheng Environmental Protection (300779) had a net inflow of 104 million from institutional investors, while also experiencing outflows from speculative and retail investors [3]

Core Insights - The environmental governance sector experienced a decline of 1.22% on October 17, with Sains leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Environmental Governance Sector Performance - Notable gainers included: - Jia Rong Technology (301148) with a closing price of 34.49, up 6.91% and a trading volume of 56,000 shares, totaling 192 million yuan [1] - Chao Yue Technology (301049) closed at 22.32, up 5.83% with a trading volume of 68,700 shares, totaling 156 million yuan [1] - Guotai Environmental (301203) closed at 35.10, up 3.54% with a trading volume of 27,200 shares, totaling 9.465 million yuan [1] - Major decliners included: - Sains (688480) closed at 52.10, down 7.66% with a trading volume of 30,600 shares, totaling 164 million yuan [2] - Wenblu (301259) closed at 36.10, down 6.98% with a trading volume of 60,300 shares, totaling 22.3 million yuan [2] - Fulongma (603686) closed at 23.41, down 4.68% with a trading volume of 557,800 shares, totaling 1.335 billion yuan [2] Capital Flow Analysis - The environmental governance sector saw a net outflow of 705 million yuan from institutional investors, while retail investors experienced a net inflow of 732 million yuan [2][3] - Key stocks with significant capital flow included: - Donghu Gaoxin (600133) with a net inflow of 91.63 million yuan from institutional investors [3] - Xianglong Electric (600769) with a net inflow of 34.70 million yuan from institutional investors [3] - Zhonghuan Environmental (300692) with a net inflow of 26.70 million yuan from institutional investors [3]

Group 1 - The core point of the article is that Guotai Environmental (301203) experienced a stock price decline of 2.83%, closing at 34.74 yuan, indicating it is currently in a state of underperformance since its IPO [1] - Guotai Environmental was listed on the Shenzhen Stock Exchange's ChiNext board on April 4, 2023, with a total issuance of 20 million shares at an initial price of 46.13 yuan per share [1] - The total funds raised from the IPO amounted to 922.60 million yuan, with a net amount of 856.54 million yuan after deducting issuance costs, which exceeded the original plan by 526.77 million yuan [1] Group 2 - The company planned to use 329.77 million yuan of the raised funds for projects including a complete equipment manufacturing base and a research and development center [1] - The total issuance costs for the IPO were 66.06 million yuan, with underwriting and sponsorship fees accounting for 43.87 million yuan [1]

Core Viewpoint - Guotai Environmental Protection announced that its controlling shareholder and chairman, Chen Baixiao, has had the detention measures lifted by the Hangzhou Linping District Supervisory Committee, allowing him to resume normal duties [1] Company Summary - The company has confirmed that Chen Baixiao is now able to perform his responsibilities normally, and the current general manager, Xia Yukun, will no longer act on his behalf [1] - The company's production and operational status is reported to be normal following this development [1]