Group 1 - The company announced the convening of its second extraordinary general meeting of shareholders for 2025 on September 1, 2025 [2] - The meeting approved multiple resolutions, including the proposal to supplement the non-independent directors of the third board of directors [2]

证券代码：301259 证券简称：艾布鲁 公告编号：2025-048 湖南艾布鲁环保科技股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无变更、否决提案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间：2025 年 9 月 1 日下午（星期一）14:30 2、会议召开形式：公司在现场会议的基础上结合视频会议方式召开，本次 股东大会采取现场投票和网络投票相结合的方式 3、会议召开地点：长沙市天心区芙蓉南路一段 979 号天城商业广场 8 栋 17 层湖南艾布鲁环保科技股份有限公司会议室 4、网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为：2025 年 9 月 1 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深 圳证券交易所互联网投票系统投票的具体时间为：2025 年 9 月 1 日 9:15—15:00 期间的任意时间。 5、会议召集人：公司董事会 ...

为发表本法律意见，本所律师依法查验了公司提供的下列资料： 1、刊登在中国证券监督管理委员会（以下简称"中国证监会"）指定巨潮资讯 网站（http://www.cninfo.com.cn/）等媒体的与本次股东大会有关的通知等公告事 项； 湖南启元律师事务所 关于湖南艾布鲁环保科技股份有限公司 2025年第二次临时股东大会的 法律意见书 致：湖南艾布鲁环保科技股份有限公司 湖南启元律师事务所（以下简称"本所"）接受湖南艾布鲁环保科技股份有限 公司（以下简称"公司"）的委托，指派本所律师出席了公司 2025 年第二次临时股 东大会（以下简称"本次股东大会"），对本次股东大会的召集和召开程序、出席 会议人员及召集人的资格、表决程序和表决结果的合法有效性进行现场律师见证， 并发表本法律意见。 本所律师根据《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》"）、《上市公司股东会规则》（以 下简称"《股东会规则》"）等我国现行法律、法规、规范性文件以及《湖南艾布 鲁环保科技股份有限公司章程》（以下简称"《公司章程》"）的有关规定出具本 法律意见书。 本所律师声明如下： （一 ...

Core Viewpoint - The company, Hunan Aibulu Environmental Technology Co., Ltd., experienced a significant decline in stock price and trading volume on August 29, with a drop of 7.06% and a trading volume of 618 million yuan, indicating potential market concerns regarding its financial performance and investor sentiment [1]. Financing and Margin Trading - On August 29, Aibulu had a financing buy-in amount of 81.52 million yuan and a financing repayment of 85.79 million yuan, resulting in a net financing outflow of 4.26 million yuan [1]. - As of August 29, the total margin trading balance for Aibulu was 432 million yuan, which represents 5.91% of its circulating market value and is above the 90th percentile level over the past year, indicating a high level of margin trading activity [1]. - In terms of securities lending, Aibulu had no shares sold or repaid on August 29, with a securities lending balance of 0.00 shares, also reflecting a high level compared to the past year [1]. Company Overview - Aibulu, established on February 4, 2013, and listed on April 26, 2022, is based in Changsha, Hunan Province, and operates in three main areas: rural living environment, ecological environment, and production environment governance [2]. - The company's revenue composition includes: environmental governance projects (54.61%), operations (26.21%), product sales (9.64%), design and consulting (4.01%), computing power leasing (1.85%), and other services [2]. - As of August 8, 2025, Aibulu had 8,144 shareholders, a decrease of 5.77% from the previous period, with an average of 12,140 circulating shares per person, an increase of 6.13% [2]. Financial Performance - For the first half of 2025, Aibulu reported a revenue of 148 million yuan, representing a year-on-year growth of 98.03%, while the net profit attributable to the parent company was -8.91 million yuan, showing a year-on-year improvement of 67.23% [2]. - Since its A-share listing, Aibulu has distributed a total of 39.6 million yuan in dividends [3]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Aibulu, Huaxia Industry Prosperity Mixed Fund (003567) ranked as the sixth largest shareholder, holding 1.32 million shares, an increase of 267,400 shares from the previous period [3].

Core Viewpoint - The company, Hunan Aibulu Environmental Technology Co., Ltd., has shown significant growth in revenue and a notable increase in financing activities, indicating strong market interest and potential for future expansion [2][3]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 148 million yuan, representing a year-on-year growth of 98.03% [2]. - The net profit attributable to the parent company was -8.91 million yuan, showing a year-on-year improvement of 67.23% [2]. Shareholder and Market Activity - As of August 28, Aibulu's stock price increased by 3.61%, with a trading volume of 782 million yuan [1]. - The financing buy-in amount on August 28 was 105 million yuan, with a net financing buy-in of 21.38 million yuan [1]. - The total financing and securities lending balance reached 437 million yuan, accounting for 5.55% of the circulating market value, which is above the 90th percentile level over the past year [1]. Business Operations - The company's main business segments include environmental governance engineering (54.61%), operations (26.21%), product sales (9.64%), design and consulting (4.01%), computing power leasing (1.85%), and other services [2]. - The company has a total of 8,144 shareholders, a decrease of 5.77% from the previous period, with an average of 12,140 circulating shares per person, an increase of 6.13% [2]. Dividend and Institutional Holdings - Since its A-share listing, Aibulu has distributed a total of 39.6 million yuan in dividends [3]. - As of June 30, 2025, the sixth largest circulating shareholder is Huaxia Industry Prosperity Mixed Fund, holding 1.32 million shares, an increase of 267,400 shares from the previous period [3].

Market Overview - The environmental governance sector experienced a slight decline of 0.08% on August 28, with Fulongma leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Top Performers in Environmental Governance Sector - Dechuang Environmental (603177) saw a significant increase of 10.02%, closing at 13.18 with a trading volume of 36,600 lots and a transaction value of 48.19 million [1] - Zhongyuan Huibao (000544) rose by 6.35%, closing at 8.88 with a trading volume of 367,300 lots and a transaction value of 323 million [1] - Fujie Environmental (688335) increased by 4.68%, closing at 15.22 with a trading volume of 60,200 lots and a transaction value of 91.62 million [1] Underperformers in Environmental Governance Sector - Fulongma (603686) led the decline with a drop of 5.59%, closing at 18.07 with a trading volume of 651,200 lots and a transaction value of 1.18 billion [2] - Jiankong Repair (300958) fell by 4.98%, closing at 12.98 with a trading volume of 98,600 lots and a transaction value of 12.9 million [2] - Chao Yue Technology (301049) decreased by 3.90%, closing at 22.42 with a trading volume of 40,500 lots and a transaction value of 91.11 million [2] Capital Flow Analysis - The environmental governance sector experienced a net outflow of 744 million from institutional investors, while retail investors saw a net inflow of 357 million [2][3] - The top three stocks with significant net inflows from retail investors include Xingrong Environment (000598) with 54.57 million, and Qing Shui Yuan (300437) with 12.07 million [3] - The stocks with the highest net outflows from institutional investors include Huicheng Environmental (300779) with 62.02 million and Yuhua Tian (300815) with 55.80 million [3]

New Stock Offerings - Shenke Co., Ltd. (002633) has an offer period from July 29, 2025, to August 27, 2025[1] - Fushun Special Steel (600399) has an offer period from August 12, 2025, to September 10, 2025[1] - ST Gaohong (000851) has an announcement on August 26, 2025[1] Market Volatility - Great Wall Military Industry (601606) reported severe abnormal fluctuations on August 14, 2025[1] - Dongxin Co., Ltd. (688110) had an announcement on August 16, 2025, regarding market conditions[1] - Changfei Optical Fiber (601869) has an announcement dated August 27, 2025, related to market performance[1] Company Announcements - ST Dehao (002005) has an announcement on August 27, 2025, regarding its market status[1] - China Satellite (600118) announced updates on August 27, 2025[1] - ST Yizhong (603389) has an announcement dated August 26, 2025, regarding its market activities[1]

Core Points - The stock of Hunan Aibulu Environmental Technology Co., Ltd. dropped by 5.04% on August 27, closing at 48.57 CNY per share with a trading volume of 526 million CNY and a turnover rate of 10.67%, resulting in a total market capitalization of 7.577 billion CNY [1] Company Overview - Hunan Aibulu was established on February 4, 2013, and went public on April 26, 2022. The company operates in three main areas: rural living environment, ecological environment, and production environment governance, providing services such as investment and financing, consulting design, engineering contracting, equipment manufacturing and sales, chemical agents, and plant production and sales [1] - The revenue composition of the company includes: environmental governance projects (54.61%), operations (26.21%), product sales (9.64%), design and consulting (4.01%), computing power leasing (1.85%), other (1.50%), supplementary other (1.24%), and biological product sales (0.96%) [1] Shareholder Information - Among the top ten circulating shareholders of Aibulu, one fund under Huaxia Fund, Huaxia Industry Prosperity Mixed Fund (003567), increased its holdings by 267,400 shares in the second quarter, holding a total of 1.3218 million shares, which accounts for 1.34% of the circulating shares. The estimated floating loss today is approximately 3.4102 million CNY [2] - The Huaxia Industry Prosperity Mixed Fund was established on February 4, 2017, with a latest scale of 7.261 billion CNY. Year-to-date returns are 41.26%, ranking 910 out of 8194 in its category; the one-year return is 85.45%, ranking 538 out of 7963; and since inception, the return is 333.54% [2]

Core Insights - The company, Aibulu (301259), reported a significant increase in total revenue for the first half of 2025, reaching 148 million yuan, a year-on-year growth of 98.03% [1] - The net profit attributable to shareholders improved to -8.91 million yuan, reflecting a 67.23% increase compared to the previous year [1] - The company's gross margin decreased to 29.68%, down 15.8% year-on-year, while the net margin improved significantly to -6.33%, an increase of 82.69% [1] Financial Performance - Total revenue for 2025 was 148 million yuan, up from 74.54 million yuan in 2024, marking a 98.03% increase [1] - The net profit attributable to shareholders was -8.91 million yuan, compared to -27.18 million yuan in 2024, showing a 67.23% improvement [1] - The gross margin decreased to 29.68% from 35.25%, while the net margin improved from -36.57% to -6.33% [1] - Total operating expenses (sales, management, and financial expenses) amounted to 23.22 million yuan, accounting for 15.73% of revenue, a decrease of 35.36% year-on-year [1] Cash Flow and Assets - Operating cash flow per share increased to 0.07 yuan, a 122.92% rise year-on-year, while the net asset per share slightly decreased to 5.29 yuan [1] - The company reported a significant increase in contract assets by 57.02% due to an increase in receivables from ongoing projects [2] - Inventory saw a substantial rise of 103.1%, attributed to increased contract performance costs [2] Liabilities and Financial Health - Interest-bearing liabilities increased by 68.18% to 306 million yuan, indicating a rise in financial leverage [1] - Short-term borrowings were fully repaid, resulting in a 100% decrease in this category [2] - Financial expenses surged by 529.89%, primarily due to increased interest expenses [4] Investment and Business Model - The company's business model relies heavily on capital expenditures, necessitating careful evaluation of the profitability of these investments [5] - Historical data indicates a median Return on Invested Capital (ROIC) of 20.28%, although the worst year recorded a ROIC of -3.13% [5] Fund Holdings - The largest fund holding Aibulu shares is the Taixin Leading Strategy Mixed Fund, with 610,600 shares, remaining unchanged [6] - The fund's current scale is 417 million yuan, with a recent net value increase of 0.08% [6]

New Stock Issuance - The new stock issuance for Sanxie Electric (证券代码: 920100) is priced at 8.83[1] - Shenkou Co. (证券代码: 002633) has a tender offer period from July 29, 2025, to August 27, 2025[1] - Fushun Special Steel (证券代码: 600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] Market Alerts - Changcheng Military Industry (证券代码: 601606) is experiencing severe abnormal fluctuations[1] - ST Yanzhen (证券代码: 603389) has reported significant trading anomalies[1] - ST Zhongdi (证券代码: 000609) has been flagged for unusual trading activity[1] Other Notable Stocks - Zhanjiang Development (证券代码: 000753) and Pudong Construction (证券代码: 600284) are also under scrutiny for trading irregularities[1] - The stock of Zhaoyi Innovation (证券代码: 603986) is being monitored for potential volatility[1] - The stock of ST Suwu (证券代码: 600200) has been highlighted for its trading behavior[1]