Core Viewpoint - The board of directors of Aibulu has approved the appointment of Xu Chao as the company's vice president and board secretary, effective from September 25, 2025, to November 19, 2026 [1] Summary by Relevant Sections Appointment Details - Xu Chao's appointment as vice president and board secretary is confirmed by the board of directors [1] - The effective dates for Xu Chao's position are from September 25, 2025, to November 19, 2026 [1] Background of Xu Chao - Xu Chao, born in December 1981, is a Chinese national with no foreign residency [1] - He holds a master's degree in accounting from The Chinese University of Hong Kong and is a certified public accountant in both China and Australia [1] - Xu has extensive experience in various accounting firms and companies, holding positions such as project leader and financial director in multiple organizations from 2006 to 2025 [1]

每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 （记者 张喜威） 每经AI快讯，艾布鲁9月25日晚间发布公告称，公司第三届第十八次董事会会议于2025年9月25日以现 场结合通讯方式召开。会议审议了《关于聘任公司副总经理、董事会秘书的议案》等文件。 ...

艾布鲁9月25日公告，公司当天召开了第三届董事会第十八次会议，审议通过了《关于聘任公司副总经 理、董事会秘书的议案》。经公司董事长钟儒波提名，并经董事会提名委员会资格审核通过，董事会同 意聘任徐超为公司副总经理、董事会秘书，任期自本次董事会审议通过之日起至第三届董事会届满之日 止。 ...

徐超先生已取得深圳证券交易所颁发的董事会秘书资格证书，熟悉履职相 关的法律法规、具备与岗位要求相适应的职业操守、具备相应的专业胜任能力与 从业经验，其任职资格符合《公司法》《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》及《公司章程》的有关规定，不存在法律 法规及其他规范性文件规定的不得担任上市公司高级管理人员及董事会秘书的 情形。 证券代码：301259 证券简称：艾布鲁 公告编号：2025-050 湖南艾布鲁环保科技股份有限公司 关于聘任公司副总经理、董事会秘书的公告 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。 湖南艾布鲁环保科技股份有限公司（以下简称"公司"）于 2025 年 9 月 25 日召开了第三届董事会第十八次会议，审议通过了《关于聘任公司副总经理、董 事会秘书的议案》。经公司董事长钟儒波先生提名，并经董事会提名委员会资格 审核通过，董事会同意聘任徐超先生为公司副总经理、董事会秘书（简历附后）， 任期自本次董事会审议通过之日起至第三届董事会届满之日止。 徐超先生联系方式如下： 联系地址：长沙市天心区芙蓉南路一段 9 ...

证券代码：301259 证券简称：艾布鲁 公告编号：2025-049 公司董事会同意聘任徐超先生为公司副总经理、董事会秘书，任期自董事会 审议通过之日起至第三届董事会届满之日止。 本议案已经公司董事会提名委员会审议通过。 具体内容详见同日刊登于中国证监会指定信息披露媒体巨潮资讯网 （http://www.cninfo.com.cn）上的《关于聘任公司副总经理、董事会秘书的公 告》。 湖南艾布鲁环保科技股份有限公司 第三届董事会第十八次会议决议公告 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。 一、董事会会议召开情况 湖南艾布鲁环保科技股份有限公司（以下简称"公司"）第三届董事会第十 八次会议（以下简称"本次会议"）通知于 2025 年 9 月 22 日以通讯方式送达公 司全体董事，会议于 2025 年 9 月 25 日上午 10:00 以现场结合通讯方式召开，其 中董事钟儒波、董事赵桂林、董事邓洁、独立董事洪金明、独立董事张林新以通 讯方式参加。本次会议应到会董事 5 人，实际到会董事 5 人。本次会议由董事长 钟儒波先生召集并主持，公司监事、高级管理人员列 ...

Group 1 - The core point of the news is that Hunan Aibulu Environmental Technology Co., Ltd. has seen a stock price increase of 5.08%, reaching 43.85 CNY per share, with a total market capitalization of 6.841 billion CNY [1] - The company, established on February 4, 2013, and listed on April 26, 2022, operates in three main areas: rural living environment, ecological environment, and production environment governance [1] - The revenue composition of the company includes: environmental governance projects (62.62%), computing power leasing (16.71%), operations (14.23%), design and consulting (5.98%), biological product sales (0.33%), and other (0.11%) [1] Group 2 - Among the top ten circulating shareholders of Aibulu, Huaxia Fund's Huaxia Industry Prosperity Mixed Fund (003567) increased its holdings by 267,400 shares in the second quarter, now holding 1.3218 million shares, which is 1.34% of the circulating shares [2] - The Huaxia Industry Prosperity Mixed Fund has a total scale of 7.261 billion CNY and has achieved a return of 56.73% this year, ranking 715 out of 8173 in its category [2] - The fund manager, Zhong Shuai, has a cumulative tenure of 5 years and 60 days, with the best fund return during this period being 183.13% [3]

Core Viewpoint - The company, Aibulu (301259.SZ), reported significant growth in revenue for the first half of 2025, achieving 148 million yuan, a year-on-year increase of 98.03%, despite continuing net losses [1][2]. Financial Performance Summary - **Revenue**: In the first half of 2025, Aibulu's revenue reached 147.62 million yuan, up from 74.54 million yuan in the same period last year, marking a growth of 98.03% [1][2]. - **Net Profit**: The net profit attributable to shareholders was -8.91 million yuan, an improvement from -27.18 million yuan in the previous year [1][2]. - **Net Profit Excluding Non-Recurring Items**: The net profit excluding non-recurring items was -9.94 million yuan, compared to -28.17 million yuan in the same period last year [1][2]. - **Cash Flow**: The net cash flow from operating activities was 11.32 million yuan, a significant improvement from -49.39 million yuan in the previous year [1][2]. - **Earnings Per Share**: Basic and diluted earnings per share were both -0.0571 yuan, an improvement from -0.1742 yuan in the previous year [2]. - **Return on Equity**: The weighted average return on equity was -1.07%, improved from -3.19% in the previous year [2]. Asset and Equity Summary - **Total Assets**: As of the end of the reporting period, total assets were approximately 1.59 billion yuan, down from 1.66 billion yuan at the end of the previous year [2]. - **Net Assets**: The net assets attributable to shareholders were approximately 826 million yuan, slightly down from 834 million yuan at the end of the previous year [2]. Previous Year Comparison - In 2024, Aibulu achieved revenue of 185 million yuan, a year-on-year increase of 3.78%, while the net profit attributable to shareholders was -30.84 million yuan, compared to -27.55 million yuan in the previous year [3]. - The net profit excluding non-recurring items for 2024 was -51.98 million yuan, compared to -31.63 million yuan in the previous year [3]. - The net cash flow from operating activities in 2024 was 134.30 million yuan, a growth of 4.14% from the previous year [3]. Initial Public Offering (IPO) Details - Aibulu was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on April 26, 2022, with an initial public offering of 30 million shares at a price of 18.39 yuan per share, raising a total of approximately 552 million yuan [4]. - The actual net fundraising amount exceeded the original target by 143 million yuan, with funds allocated for various projects including soil remediation and wastewater treatment equipment production [4].

Core Viewpoint - The acquisition of Tianpu Co., Ltd. by Zhonghao Xinying is viewed as a high-stakes gamble for the acquirer, aiming to gain control of the listed company through a shell acquisition strategy [1] Group 1: Acquisition Details - Zhonghao Xinying plans to acquire Tianpu Co. for approximately 9.65 billion yuan through equity transfer and capital increase, but the funds for the acquisition have not yet been secured [1] - As of September 2025, Zhonghao Xinying has not submitted an IPO application or initiated listing guidance, making the timeline for independent listing increasingly tight [1][6] Group 2: Financial Obligations and Risks - Zhonghao Xinying faces potential contingent liabilities of approximately 16.42 billion yuan from previous financing agreements, with 10.71 billion yuan already having signed buyback waivers [2] - If the acquisition fails or the performance targets are not met, Zhonghao Xinying could still be liable for up to 16.42 billion yuan in debts [2][3] Group 3: Performance Targets - Zhonghao Xinying must complete a qualified IPO or be acquired by December 31, 2026, as per agreements with investors, including Kede Education, which has a stake in Zhonghao Xinying [2][4] - The company must achieve a net profit of 2.58 billion yuan in the second half of 2024 to avoid triggering buyback clauses with its investors [4][6] Group 4: Funding and Financial Strategy - As of August 28, 2025, Zhonghao Xinying has approximately 10.51 billion yuan in available funds, which can cover the acquisition cost, but there remains a funding gap of about 7.18 billion yuan if a full tender offer is executed [7] - The company has decided to repurpose funds from its B-round financing to cover the acquisition costs, raising regulatory concerns regarding the transaction's background and pricing [7]

Group 1 - The company Aibulu (301259) closed at 45.5 yuan on September 11, 2025, with an increase of 1.25% and a turnover rate of 9.94% [1] - The trading volume was 98,200 lots, resulting in a transaction amount of 443 million yuan [1] Group 2 - The company and strategic investors have collectively increased their investment in Xinglu Zhonghao by 152.5 million yuan, raising its registered capital to 402.5 million yuan [2] - The effective date of this capital increase was September 1, following the approval of the shareholders' meeting [2] - The company indicated that the capital increase funds are part of the financing for Zhonghao Xinying's acquisition and private placement of Tianpu [2] Group 3 - On September 11, the net inflow of main funds was 11.87 million yuan, indicating a positive engagement from major investors [3] - Retail investors experienced a net outflow of 87.12 million yuan, while speculative funds saw a net outflow of 3.16 million yuan [3]

Core Viewpoint - Tianpu Co., Ltd. (605255.SH) has announced another suspension for verification after experiencing 11 consecutive trading days of price increases, with its stock price reaching 76 yuan and market capitalization exceeding 10 billion yuan, driven by a shell acquisition gamble by Zhonghao Xinying Technology Co., Ltd. [2] Group 1: Acquisition and Financial Pressure - Zhonghao Xinying plans to acquire control of Tianpu Co. through a share transfer and capital increase for approximately 965 million yuan, but the acquisition funds have not yet been secured [2][3] - Zhonghao Xinying reported a loss of 143 million yuan in the first half of 2025, raising concerns about its cash flow and the feasibility of the acquisition [2][6] - The company faces a potential contingent liability of 1.642 billion yuan from previous financing agreements, with 1.071 billion yuan already receiving waiver consent [3][5] Group 2: Performance and IPO Requirements - Zhonghao Xinying must complete a qualified IPO or be acquired by December 31, 2026, to avoid triggering high repurchase penalties, including an annualized 15% premium [3][5] - The company has not yet submitted an IPO application or initiated listing guidance, with only 15 months remaining until the deadline [7] - Zhonghao Xinying's revenue and profit figures have deteriorated, with a significant loss in the first half of 2025, complicating its ability to meet regulatory requirements for independent listing [7][8] Group 3: Funding and Regulatory Scrutiny - As of August 28, 2025, Zhonghao Xinying had approximately 1.051 billion yuan in available funds, which could cover the acquisition costs, but a funding gap of about 718 million yuan remains for a full takeover [8] - The company has decided to repurpose funds from its B-round financing to cover the acquisition price, raising regulatory concerns about the transaction's background and pricing [8]