国信证券股份有限公司 关于杭州国泰环保科技股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 国信证券股份有限公司（以下简称"国信证券"或"保荐人"）作为杭州国 泰环保科技股份有限公司（以下简称"国泰环保"或"公司"）首次公开发行股 票并在创业板上市的保荐人和持续督导机构，根据《证券发行上市保荐业务管理 办法》《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 13 号——保荐业务》等相关规定履行持续督导职责，就使用部分暂时 闲置募集资金进行现金管理出具核查意见，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意杭州国泰环保科技股份有限公司首次 公开发行股票注册的批复》(证监许可[2022]2677 号)同意注册，杭州国泰环保科 技股份有限公司首次公开发行人民币普通股（A 股）20,000,000 股，每股面值人 民币 1.00 元，每股发行价格为 46.13 元，募集资金总额为人民币 922,600,000.00 元，扣除相关发行费用（不含税）人民币 66,063,970.57 元后，实际募集资金净额 为人民币 856,536,029.43 元。募集 ...

国信证券股份有限公司 关于杭州国泰环保科技股份有限公司 2024 年度持续督导跟踪报告 | 保荐人名称：国信证券股份有限公司 | 被保荐公司简称：国泰环保 | | --- | --- | | 保荐代表人姓名：陈敬涛 | 联系电话：0571-85115307 | | 保荐代表人姓名：徐怡 | 联系电话：0571-85115307 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于 | | | 防止关联方占用公司资源的制度、募集资金管理制度、 | 是 | | 内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 3 次 | | （2）公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4.公司治理督导情况 ...

杭州国泰环保科技股份有限公司 2024 年度独立董事述职报告（池仁勇） 本人作为杭州国泰环保科技股份有限公司（以下简称"公司"）第四届董事会 独立董事，在任职期间本人严格按照《公司法》《证券法》《上市公司独立董事 管理办法》《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》等相关法律法规和《公司章 程》《董事会议事规则》《独立董事工作制度》等公司制度的有关规定和要求， 在 2024 年任职期间的工作中，忠实、勤勉、尽责地履行职务，充分发挥独立董 事的作用，维护公司和股东尤其是中小股东的利益。现将 2024 年任期内履职情 况汇报如下： 一、本人基本情况 本人池仁勇，生于 1959 年，中国国籍，无境外永久居留权，博士研究生。 1994 年 9 月至 2012 年 2 月，先后担任浙江工业大学经贸管理学院副教授、教授、 博士生导师、副院长；2012 年 3 月至今，担任浙江工业大学中国中小企业研究 院院长；2019 年 1 月至今，担任杭州大地海洋环保股份有限公司独立董事；2019 年 9 月至今，担任杭州前进齿轮箱集团股份有限公司独立董事；2020 ...

杭州国泰环保科技股份有限公司 市值管理制度 杭州国泰环保科技股份有限公司 市值管理制度 二〇二五年四月 杭州国泰环保科技股份有限公司 市值管理制度 第一章 总则 第一条 为加强杭州国泰环保科技股份有限公司（以下简称"公司"）的 市值管理工作，进一步规范公司的市值管理行为，维护公司及广大投资者合法权 益，根据《中华人民共和国公司法》《中华人民共和国证券法》《国务院关于加 强监管防范风险推动资本市场高质量发展的若干意见》《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》《上市公司监管指引第 10 号——市值管理》等相关法律、行政 法规、部门规章、规范性文件及《杭州国泰环保科技股份有限公司章程》（以下 简称"《公司章程》"）的有关规定，制定本制度。 第二条 本制度所称市值管理是以提高公司质量为基础，为提升公司投资 价值和股东回报能力而实施的战略管理行为。 第三条 市值管理是公司战略管理的重要内容，是董事会的核心工作之一。 第四条 公司在开展市值管理过程中，应当牢固树立回报股东意识，采取 措施保护投资者尤其是中小投资者利益，诚实守信、规范运作、专注主业、 ...

杭州国泰环保科技股份有限公司 董事会关于独立董事独立性自查情况的专项意见 杭州国泰环保科技股份有限公司 董事会关于独立董事独立性自查情况的专项意见 根据《上市公司独立董事管理办法》《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》 《公司章程》及《独立董事工作制度》等相关法律法规、规章制度的规定，杭州 国泰环保科技股份有限公司(以下简称"公司")董事会，就公司在任独立董事 池仁勇先生、刘晓松先生、李东升先生的独立性情况进行评估并出具如下专项意 见： 经核查独立董事池仁勇先生、刘晓松先生、李东升先生的任职经历以及出具 的相关自查文件，确认上述人员未在公司担任除独立董事以外的任何职务，也未 在公司主要股东公司担任任何职务，与公司以及主要股东之间不存在利害关系或 其他可能妨碍其进行独立客观判断的关系，不存在其他影响独立董事独立性的情 况，符合《上市公司独立董事管理办法》《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》中对独立董事独立性的相关要求。 杭州国泰环保科技股份有限公司 董事会 二零二五年四月二十二日 ...

杭州国泰环保科技股份有限公司 董事会关于独立董事独立性自查情况的专项意见 杭州国泰环保科技股份有限公司 董事会关于独立董事独立性自查情况的专项意见 根据《上市公司独立董事管理办法》《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》 《公司章程》及《独立董事工作制度》等相关法律法规、规章制度的规定，杭州 国泰环保科技股份有限公司(以下简称"公司")董事会，就公司在任独立董事 池仁勇先生、刘晓松先生、李东升先生的独立性情况进行评估并出具如下专项意 见： 经核查独立董事池仁勇先生、刘晓松先生、李东升先生的任职经历以及出具 的相关自查文件，确认上述人员未在公司担任除独立董事以外的任何职务，也未 在公司主要股东公司担任任何职务，与公司以及主要股东之间不存在利害关系或 其他可能妨碍其进行独立客观判断的关系，不存在其他影响独立董事独立性的情 况，符合《上市公司独立董事管理办法》《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》中对独立董事独立性的相关要求。 杭州国泰环保科技股份有限公司 董事会 二零二五年四月二十二日 ...

Revenue and Profit - The company's revenue for Q1 2025 was CNY 87,214,649.60, representing a 6.11% increase compared to CNY 82,193,114.53 in the same period last year[5] - Net profit attributable to shareholders decreased by 19.66% to CNY 26,592,833.87 from CNY 33,102,284.91 year-on-year[5] - Basic and diluted earnings per share both decreased by 19.51% to CNY 0.33 from CNY 0.41 in the same period last year[5] - Net profit for the current period was ¥27,635,224.15, down from ¥33,415,581.58, indicating a decrease of approximately 17.4%[18] Cash Flow and Operating Activities - The net cash flow from operating activities significantly improved, reaching CNY 37,716,091.28, a remarkable increase of 8,467.71% compared to a negative cash flow of CNY -450,733.54 in the previous year[5] - The net cash flow from operating activities improved to ¥37,716,091.28, compared to a negative cash flow of ¥450,733.54 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,476,569,225.34, down 3.02% from CNY 1,522,485,043.60 at the end of the previous year[5] - Current assets total ¥1,161,245,982.56, down from ¥1,223,116,092.53, indicating a decline of approximately 5.05%[15] - Non-current assets increased to ¥315,323,242.78 from ¥299,368,951.07, reflecting a growth of about 5.34%[15] - Total liabilities decreased to ¥52,941,952.78 from ¥62,492,995.19, a reduction of approximately 15.88%[16] - The company's equity attributable to shareholders decreased to ¥1,409,728,409.99 from ¥1,447,135,576.12, a decline of about 2.59%[16] Expenses and Costs - Sales expenses increased by 58.56% to CNY 27,970,000.00, primarily due to higher business promotion costs[9] - Total operating costs increased to ¥54,451,377.55 from ¥44,259,142.06, reflecting a rise of about 23.1%[17] Investments - The company reported a 100% increase in long-term equity investments, amounting to an increase of CNY 13,596,600.00 due to increased external investments[8] - Investment income surged by 3,193.72% to CNY 7,665,000.00, attributed to increased returns from financial product investments[9] - Investment activities resulted in a net cash outflow of -¥114,042,000.18, compared to -¥13,273,011.37 in the previous period, reflecting increased investment activities[22] Dividends and Financial Management - The company paid out ¥64,000,000.00 in dividends, significantly higher than the ¥2,450,000.00 paid in the previous period, indicating a shift in dividend policy[22] - The company incurred a financial expense of -¥4,902,401.72, a decrease from -¥7,780,705.31, indicating improved financial management[17] Other Financial Metrics - The company received CNY 2,210,500.00 in tax refunds, marking a 148.97% increase compared to the previous year[10] - Cash paid for purchasing goods and services decreased by 70.23% to CNY 14,420,000.00, reflecting reduced procurement activities[10] - Cash and cash equivalents stand at ¥900,534,576.01, down from ¥946,549,625.11, a decrease of approximately 4.85%[15] - Accounts receivable increased to ¥151,924,794.67 from ¥138,225,589.34, representing a growth of about 9.93%[15] - Inventory decreased significantly to ¥1,834,071.09 from ¥14,149,620.30, a decline of approximately 87.06%[15] - The company reported a total of 80,000,000 shares outstanding, unchanged from the previous period[16] - The company has a capital reserve of ¥894,933,335.17, remaining stable compared to the previous reporting period[16] - Cash and cash equivalents at the end of the period totaled ¥153,144,789.73, down from ¥1,057,228,320.21 at the end of the previous period[22] - The company reported a significant increase in sales revenue from customers, totaling ¥77,197,472.77, compared to ¥76,060,948.40 in the previous period[20]

Financial Performance - The company's operating revenue for 2024 was CNY 315,609,400.57, representing a 1.98% increase compared to CNY 309,479,702.30 in 2023[19]. - The net profit attributable to shareholders for 2024 was CNY 131,923,474.97, a decrease of 4.80% from CNY 138,567,809.29 in 2023[19]. - The cash flow from operating activities for 2024 was CNY 107,547,398.85, down 37.47% from CNY 172,005,037.45 in 2023[19]. - The basic earnings per share for 2024 was CNY 1.65, a decline of 10.81% from CNY 1.85 in 2023[19]. - The total assets at the end of 2024 were CNY 1,522,485,043.60, reflecting a 1.00% increase from CNY 1,507,436,027.59 at the end of 2023[19]. - The revenue from sludge treatment services was CNY 267,311,894.09, accounting for 84.70% of total revenue, with a slight increase of 0.50% year-on-year[107]. - The company's operating costs rose by 11.93% to CNY 143,644,068.13, primarily due to increased material costs[106]. - The company reported a significant increase in other income by 63.03% to CNY 17,535,426.61, mainly due to increased government subsidies[105]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 80,000,000 shares[4]. - The company’s financial report has been confirmed as true, accurate, and complete by its responsible personnel[4]. - The management has outlined potential risks and countermeasures in the section discussing future development prospects[4]. Technology and Innovation - The company has developed its own deep dewatering technology, achieving a sludge moisture content of 45%, with some sludge reaching below 40%[13]. - The company is developing sludge treatment technologies and equipment that meet green environmental requirements, in line with national strategic directions[34]. - The company has achieved significant energy savings of over 90% with its deep dehydration process compared to thermal drying processes[72]. - The company’s deep dewatering technology allows for the recovery of clean energy through the incineration of dewatered sludge, which can produce steam or electricity, thus achieving a closed-loop disposal process[101]. - The company is focusing on expanding its sludge treatment services in economically developed regions, targeting projects with a scale of over 500 tons per day[70]. Market and Industry Trends - The total market size for sludge treatment in 2023 exceeded CNY 70 billion, with expectations to surpass CNY 120 billion by 2030[29]. - The sludge production in urban sewage treatment plants in China exceeded 8.6 million tons in 2023, projected to reach over 9 million tons by 2025[29]. - The national policy aims for a sludge harmless treatment rate of over 90% by 2025, with coverage of sludge disposal facilities in cities at 100%[32]. - The dual constraints of laws and planning are accelerating the sludge treatment process, creating a policy-driven mechanism for industry growth[32]. Environmental and Social Responsibility - The company is committed to environmental and social responsibility, as detailed in its annual report[6]. - The company emphasizes the importance of adhering to the disclosure requirements for energy-saving and environmental protection services as per the Shenzhen Stock Exchange guidelines[4]. - The company is positioned to benefit from national policies promoting low-carbon development and resource recycling in the sludge treatment sector[77]. Research and Development - The company has established a robust R&D system, recognized as a provincial technology center since 2015, focusing on continuous innovation in sludge treatment and resource recycling technologies[89]. - Research and development expenses increased by 6.95% to CNY 25,914,833.09, indicating a continued focus on innovation[116]. - The company plans to increase R&D investment and talent development, focusing on technologies such as deep sludge dewatering and high-salinity wastewater treatment, while also establishing a green low-carbon technology R&D headquarters in the Middle East[158]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[171]. - The company has established a complete independent financial accounting system, allowing for independent financial decision-making[175]. - The company respects and protects the rights of stakeholders, balancing interests among shareholders, employees, and society[173]. - The company has implemented an information disclosure management system to regulate internal and external information disclosure processes[172]. Future Outlook - The company plans to deepen its core business in sludge treatment, focusing on low-carbon and resource utilization goals, with an emphasis on enhancing technological barriers and maintaining industry leadership[147]. - The company is actively participating in the carbon trading market and is focusing on carbon sink projects to align with global carbon neutrality trends[150]. - The company is targeting the Middle East for strategic expansion, aiming to build a new high ground for green and low-carbon cooperation[154].