Core Viewpoint - The company, Ruichen Environmental Protection (瑞晨环保), currently does not have any products related to liquid cooling electronic water pumps, as stated in response to an investor inquiry on the interactive platform [2]. Company Summary - Ruichen Environmental Protection (301273.SZ) responded to an investor question on September 8, indicating that there are no current plans or products related to the development of liquid cooling electronic water pumps [2].

Group 1 - The core viewpoint of the news is that 瑞晨环保 (Shanghaï Ruichen Environmental Technology Co., Ltd.) has shown fluctuations in its stock performance and financing activities, indicating a low financing balance and high short-selling levels [1][2][3] - On September 5, 瑞晨环保's stock price increased by 4.89%, with a trading volume of 43.24 million yuan. The financing buy-in was 1.54 million yuan, while the financing repayment was 3.95 million yuan, resulting in a net financing buy-in of -2.41 million yuan [1] - As of September 5, the total financing and securities lending balance for 瑞晨环保 was 26.10 million yuan, which accounts for 2.70% of its circulating market value, indicating a low financing balance compared to the past year [1] Group 2 - As of June 30, 瑞晨环保 had 5,237 shareholders, an increase of 10.70% from the previous period, while the average circulating shares per person decreased by 9.66% to 6,612 shares [2] - For the first half of 2025, 瑞晨环保 reported an operating income of 109 million yuan, a year-on-year increase of 3.71%, but a net profit attributable to shareholders of -31.30 million yuan, a decrease of 14.09% year-on-year [2] - Since its A-share listing, 瑞晨环保 has distributed a total of 25.07 million yuan in dividends. Notably, new institutional shareholders include 诺安多策略混合A and 华夏磐泰混合A, holding 414,800 shares and 319,500 shares respectively [3]

Core Insights - On September 5, Ruichen Environmental Protection saw a 5.23% increase in stock price, reaching 27.97 CNY per share, with a trading volume of 24.89 million CNY and a turnover rate of 2.65%, resulting in a total market capitalization of 2.004 billion CNY [1] Company Overview - Shanghai Ruichen Environmental Protection Technology Co., Ltd. was established on October 26, 2010, and listed on October 25, 2022. The company specializes in the research, design, production, and sales of energy-efficient equipment, with main products including high-efficiency centrifugal fans and pumps [1] - The revenue composition of the company is as follows: fans account for 74.20%, energy management contracts 15.66%, maintenance and other parts 6.39%, pumps 2.00%, and motors 1.75% [1] Shareholder Information - Among the top ten circulating shareholders of Ruichen Environmental Protection, Huaxia Fund has a fund, Huaxia Pantai Mixed (LOF) A (160323), which entered the top ten in the second quarter, holding 319,500 shares, representing 0.92% of the circulating shares. The estimated floating profit today is approximately 444,100 CNY [2] - Huaxia Pantai Mixed (LOF) A (160323) was established on December 26, 2016, with a current scale of 1.13 billion CNY. Year-to-date returns are 8.32%, ranking 5542 out of 8178 in its category; the one-year return is 22.16%, ranking 5207 out of 7978; and since inception, the return is 77.83% [2] Fund Manager Performance - The fund managers of Huaxia Pantai Mixed (LOF) A are Mao Ying and Zhang Chengyuan. Mao Ying has a tenure of 12 years and 119 days, with a total fund asset size of 3.246 billion CNY, achieving a best return of 38.12% and a worst return of -19.66% during his tenure [3] - Zhang Chengyuan has a tenure of 8 years and 256 days, managing a total fund asset size of 4.687 billion CNY, with a best return of 89.85% and a worst return of -7.26% during his tenure [3]

Core Insights - The company reported a total revenue of 109 million yuan for the first half of 2025, representing a year-on-year increase of 3.71%, while the net profit attributable to shareholders was -31.30 million yuan, a decline of 14.09% compared to the previous year [1] - The second quarter revenue was 73.28 million yuan, up 5.3% year-on-year, but the net profit for the same period was -8.99 million yuan, down 15.18% [1] - Inventory levels increased significantly, with a year-on-year growth of 43.01% [1] Financial Performance - Gross margin stood at 40.53%, a slight increase of 0.08% year-on-year, while the net margin decreased to -31.13%, down 8.70% [1] - Total expenses (selling, administrative, and financial) amounted to 53.86 million yuan, accounting for 49.35% of revenue, which is an increase of 7.48% year-on-year [1] - Earnings per share (EPS) was -0.44 yuan, a decrease of 14.10% year-on-year, and operating cash flow per share was -1.03 yuan, down 150.34% [1] Historical Context - The company's historical return on invested capital (ROIC) has been relatively strong, with a median ROIC of 20.34% since its listing, although the worst year recorded a ROIC of -3.96% in 2024 [3] - The company has reported one loss year since its listing, indicating the need for further investigation into potential underlying issues [3] Cash Flow and Financial Health - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 85.95%, and the average operating cash flow over the past three years being negative [4] - Financial expenses have also been a point of concern, as the average net cash flow from operating activities over the past three years has been negative [4]

Group 1 - The core viewpoint of the article highlights that Ruichen Environmental achieved a revenue of 109 million yuan in the first half of 2025, reflecting a year-on-year growth of 3.71%, while the net profit attributable to shareholders was -31.3045 million yuan [1] - The revenue breakdown by product shows that the wind turbine segment generated 80.9983 million yuan, marking a year-on-year increase of 22.83%, while the contract energy management segment saw a revenue of 17.0972 million yuan, with a decline of 3.98% [1] - The company has developed the design and production capabilities necessary for products in the fields of wind turbines, pumps, thermal energy, and motors, ensuring real-time quality control across various stages including R&D, testing, procurement, and production [1] Group 2 - Ruichen Environmental focuses on high-tech R&D in fluid transportation (pumps, fans), permanent magnet motors, precision combustion, and efficient heat exchange, providing comprehensive energy-saving solutions [2] - The main products include high-efficiency energy-saving centrifugal fans, high-efficiency energy-saving centrifugal pumps, high-efficiency composite ceramic pumps, high-efficiency plate heat exchangers, high-speed low-nitrogen burners, and high-efficiency permanent magnet motors [2]

Group 1 - The stock price of Ruichen Environmental reported at 28.00 yuan as of August 27, 2025, with a decrease of 1.67 yuan, representing a decline of 5.63% from the previous trading day [1] - The company operates in the general equipment manufacturing industry, focusing on the research, production, and sales of environmental protection equipment, primarily used in industrial waste gas treatment and solid waste management [1] - The latest half-year report for 2025 indicates that the company achieved operating revenue of 109 million yuan in the first half of the year, reflecting a year-on-year growth of 3.71% [1] Group 2 - The net profit attributable to shareholders of the listed company for the first half of 2025 was -31.30 million yuan, which is a deterioration compared to -27.44 million yuan in the same period last year [1] - On August 27, the net outflow of main funds was 3.24 million yuan, with a cumulative net outflow of 12.17 million yuan over the past five trading days [1]

Core Insights - The core point of the news is the financial performance of Ruichen Environmental Protection in its semi-annual report, highlighting a slight increase in revenue but a significant net loss [1]. Financial Performance - The company reported a semi-annual operating revenue of 109,157,861.42 yuan, which represents a year-on-year increase of 3.71% [1]. - The net profit attributable to shareholders of the listed company was -31,304,486.85 yuan, indicating a loss [1]. Shareholder Changes - Among the top ten circulating shareholders, new entrants include Ge Xin, China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Equity Fund, and Industrial and Commercial Bank of China Co., Ltd. - Huaxia Pantai Mixed Fund (LOF) [1].

证券代码：301273 证券简称：瑞晨环保 公告编号：2025-040 上海瑞晨环保科技股份有限公司 关于修订《公司章程》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。 上海瑞晨环保科技股份有限公司（以下简称"公司"）于2025年8月27日召开 第三届董事会第八次会议、第三届监事会第七次会议，审议通过了《关于修订<公 司章程>的议案》，同意公司根据《中华人民共和国公司法》《中华人民共和国证 券法》《深圳证券交易所创业板股票上市规则（2025年修订）》《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》《上市公司章程指 引（2025年修订）》《上市公司监管指引第3号——上市公司现金分红（2025年修 订）》《上市公司独立董事管理办法（2025年修订）》等相关法律法规的规定， 并结合公司实际情况，对《公司章程》部分条款进行修订。该议案尚需提交公司 2025年第二次临时股东大会审议。《公司章程》具体修订内容如下： | 修订前条款 | 修订后条款 | | --- | --- | | 第一条 为维护上海瑞晨环保科技股份有限公 | 第一条 为维 ...

证券代码：301273 证券简称：瑞晨环保 公告编号：2025-039 上海瑞晨环保科技股份有限公司 关于使用部分超募资金永久补充流动资金的公告 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。 上海瑞晨环保科技股份有限公司（以下简称"公司"）于2025年8月27日分别 召开了第三届董事会第八次会议、第三届监事会第七次会议，审议通过了《关于 使用部分超募资金永久补充流动资金的议案》，同意公司使用4,600万元超募资金 永久补充流动资金，上述事项尚需提交公司2025年第二次临时股东大会审议。现 将具体情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意上海瑞晨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]1643号）同意注册，公司首次公开 发行人民币普通股（A股）股票17,910,448股，发行价格为37.89元/股，募集资金 总额为678,626,874.72元，扣除不含增值税发行费用74,046,309.48元后，募集资金 净额为604,580,565.24元。上述募集资金已于2022年10月13日全部到位并存放于 ...

证券代码：301273 证券简称：瑞晨环保 公告编号：2025-041 上海瑞晨环保科技股份有限公司 关于 2025 年半年度计提减值准备的公告 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。 上海瑞晨环保科技股份有限公司(以下简称"公司")根据《企业会计准则》 《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》 和公司相关会计政策等规定，为真实、准确、客观地反映公司财务状况、资产价 值及经营成果，对截至 2025 年 6 月 30 日各类资产进行了全面清查和减值测试， 对可能存在减值迹象的有关资产计提相应的减值准备，现将相关情况公告如下： 一、 本次计提减值准备的情况概述 根据《企业会计准则》和相关会计政策，为真实、公允地反映公司财务状况 及经营成果，2025 年半年度各项资产减值准备计入当期损益的金额合计为 13,878,487.44 元，具体金额如下表所示： 二、本次计提减值准备事项的具体说明 （一）信用减值损失 1 公司对以摊余成本计量的金融资产、以公允价值计量且其变动计入其他综合 收益的金融资产（债务工具）和财务担保合同等以预 ...