Group 1 - The core viewpoint of the article is that Qingyan Environment (stock code: 301288) has disclosed a stock trading risk warning announcement as part of routine procedural disclosure, with the 2025 annual report scheduled for release on April 21, 2026 [1] - The company anticipates a significant increase in revenue for 2025, projecting a net revenue of between 147 million yuan and 185 million yuan, representing a year-on-year growth of 108.99% to 163.02% [1] - The revenue growth is attributed to the company's expansion into solid waste and hazardous waste treatment through the acquisition of 51% of Fujian Tonghai Nickel Industry Technology Co., which is expected to generate revenue of approximately 74 million to 75 million yuan by the end of the reporting period [1] Group 2 - Tonghai Nickel Industry, a subsidiary acquired through judicial auction, specializes in the harmless treatment of industrial solid waste containing metals like nickel and chromium, and its profitability is influenced by the price fluctuations of these metals [2] - Recent announcements from Indonesia, a major supplier of nickel ore, regarding significant reductions in nickel ore production quotas have led to an increase in nickel prices, which may positively impact the profitability of Tonghai Nickel Industry [2] - The company has indicated that if the audited net revenue for 2025 is not less than 100 million yuan and other conditions are met, it may apply to lift the delisting risk warning, making the expectation for lifting the warning clearer based on the revenue forecast [2]

证券代码：301288 证券简称：*ST清研 公告编号：2026-003 清研环境科技股份有限公司 关于公司股票可能被终止上市的第二次风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、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.清研环境科技股份有限公司（以下简称"公司"）于2025年4月29日披露 了《关于公司股票交易将被实施退市风险警示暨股票停牌一天的公告》（公告 编号：2025-027），因触及《深圳证券交易所创业板股票上市规则》（以下简 称《股票上市规则》）第10.3.1条第一款第一项"最近一个会计年度经审计的利 润总额、净利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的 营业收入低于1亿元"的情形，公司股票自2025年4月30日开市起被实施退市风 险警示。若公司出现《股票上市规则》第10.3.11条规定的情形，公司股票存在 被终止上市的风险。 2.根据《股票上市规则》第10.3.5条"上市公司因触及第10.3.1条第一款第 一项至第三项情形，其股票交易被实施退市风险警示后，应当在其股票被实施 退市风险警示当年的会计年度结束后一个月内，披露股票可能被终止上市的 ...

经济观察网ST清研(301288)2025年年度报告预约于2026年4月21日披露，其最终财务数据将决定公司是 否触及退市条件。根据业绩预告，公司预计2025年归属净利润亏损2000万至2700万元，但扣除后的营业 收入预计为1.47亿至1.85亿元，需关注是否避免财务类退市指标。 由于公司股票已被实施退市风险警示，若2025年年报显示触及《深圳证券交易所创业板股票上市规则》 第10.3.11条情形(如净利润为负且营业收入低于1亿元)，股票可能被终止上市。公司将在年报披露前每 十个交易日发布一次风险提示公告。 监管情况 2025年年度审计工作的最终结果将影响退市风险。投资者需关注审计意见是否出现非标事项，以及监管 机构对ST类公司的常态化退市审查。 以上内容基于公开资料整理，不构成投资建议。 业绩经营情况 公司预约在2026年4月21日披露经审计的2025年年度报告。这份报告将关键决定公司是否触及退市条 件。根据业绩预告，公司预计2025年全年归属净利润亏损2000万元至2700万元，但扣除后的营业收入预 计为1.47亿元至1.85亿元，需关注最终数据是否避免财务类退市指标。 未来发展 ...

Group 1 - The core point of the article is that Qingyan Environmental Technology Co., Ltd. expects a significant increase in its revenue for 2025, projecting a revenue range of 147 million to 185 million yuan, which represents a growth of 108.99% to 163.02% compared to 2024's revenue of 70.34 million yuan [1] - The revenue growth is attributed to the company's expansion into solid waste and hazardous waste treatment through the acquisition of 51% of Fujian Tonghai Nickel Industry Technology Co., Ltd., which is expected to generate 74 million to 75 million yuan in revenue by the end of 2025 [1] - The company has implemented a "New Partner" strategy since 2024, which has contributed to its rapid business growth, with a reported revenue of 101 million yuan for the first three quarters of 2025, marking a year-on-year increase of 92.97% [1] Group 2 - The company plans to apply for the removal of the delisting risk warning from the Shenzhen Stock Exchange if its audited 2025 annual report shows a revenue of no less than 100 million yuan or if its profit totals meet certain positive criteria [2] - The company has indicated that it will take steps to ensure compliance with the relevant stock listing rules to avoid delisting risks [2]

Core Viewpoint - Qingyan Environment (ST Qingyan, 301288.SZ) anticipates a significant increase in revenue for 2025, projecting a net income of 147 million to 185 million yuan, representing a year-on-year growth of 108.99% to 163.02% due to its "New Partner Strategy" and effective execution in industrial wastewater treatment and solid waste resource utilization [1][2]. Group 1 - The company has successfully entered the solid waste and hazardous waste treatment sectors through strategic acquisitions, including a 51% stake in Fujian Tonghai Nickel Industry Technology Co., Ltd. and a 67% stake in Zigong Zhengding Environmental Technology Co., Ltd. [1] - Tonghai Nickel is expected to generate revenue of 74 million to 75 million yuan by the end of the reporting period, contributing significantly to the company's annual revenue growth [1]. - The "New Partner Strategy" has enabled the company to integrate industry resources and accelerate business expansion, resulting in a 92.97% year-on-year increase in revenue for the first three quarters of 2025 [2]. Group 2 - The company is on track to meet the conditions for lifting its delisting risk warning, with expectations to apply for the removal of the warning if the 2025 annual report shows no violations and meets specific revenue and profit criteria [3]. - The company plans to continue advancing its "New Partner Strategy" and global agent recruitment while enhancing operational efficiency and management levels to increase overall value [3]. - With a clear strategic direction and strong execution capabilities, the company aims to solidify its core technological advantages and explore new business growth opportunities [3].

Financial Performance - The company expects a total profit loss of between 27 million to 36 million CNY for the fiscal year 2025, compared to a loss of 19.3 million CNY in the same period last year[4] - The net profit attributable to shareholders is projected to be a loss of 20 million to 27 million CNY, compared to a loss of 18.2 million CNY in the previous year[4] - Operating revenue is anticipated to be between 150 million to 188 million CNY, significantly up from 73.17 million CNY in the same period last year[4] - The equity attributable to shareholders is projected to be between 780 million to 800 million CNY, down from 807.11 million CNY at the end of the previous year[4] Business Expansion - The company has expanded its business into solid waste and hazardous waste treatment through the acquisition of 51% of Tonghai Nickel Industry, which is expected to generate revenue of 74 million to 75 million CNY by the end of the reporting period[6] Accounting and Compliance - The company has increased impairment provisions for related assets based on the principle of prudence, contributing to a slight increase in net losses[7] - The company has communicated with its accounting firm regarding the earnings forecast, and there are no significant discrepancies noted[5] - The final financial data will be disclosed in the company's 2025 annual report, pending audit confirmation[8] Regulatory Issues - The company’s stock is under delisting risk warning due to regulatory compliance issues, which may affect future trading[8] - The company will apply to the Shenzhen Stock Exchange to lift the delisting risk warning if it meets the necessary criteria in the next annual report[8]

清研环境科技股份有限公司 证券代码：301288 证券简称：*ST清研 公告编号：2026-002 关于公司股票可能被终止上市的风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、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.清研环境科技股份有限公司（以下简称"公司"）于2025年4月29日披露 了《关于公司股票交易将被实施退市风险警示暨股票停牌一天的公告》（公告 编号：2025-027），因触及《深圳证券交易所创业板股票上市规则》（以下简 称《股票上市规则》）第10.3.1条第一款第一项"最近一个会计年度经审计的利 润总额、净利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的 营业收入低于1亿元"的情形，公司股票于2025年4月30日开市起被实施退市风 险警示。若公司出现《股票上市规则》第10.3.11条规定的情形，公司股票存在 被终止上市的风险。 2.根据《股票上市规则》第10.3.5条"上市公司因触及第10.3.1条第一款第 一项至第三项情形，其股票交易被实施退市风险警示后，应当在其股票被实施 退市风险警示当年的会计年度结束后一个月内，披露股票可能被终止上市的风 险 ...

Market Overview - On January 30, the environmental equipment sector rose by 0.09% compared to the previous trading day, with Hengyu Environmental leading the gains [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Hengying Environmental (688309) closed at 31.60, up 12.06% with a trading volume of 58,100 shares and a transaction value of 175 million yuan [1] - Other notable performers included Meiyu Technology (688376) with a closing price of 69.02, up 2.77%, and Lihua Technology (300800) at 12.69, up 2.59% [1] - The table of stock performance shows various companies in the environmental equipment sector with their respective closing prices, percentage changes, trading volumes, and transaction values [1] Capital Flow - The environmental equipment sector experienced a net outflow of 124 million yuan from institutional investors, while retail investors saw a net inflow of 151 million yuan [2] - The capital flow table indicates the net inflow and outflow for various stocks within the sector, highlighting the dynamics between institutional and retail investors [2][3] Individual Stock Analysis - Yinfeng Environment (000967) had a net inflow of 28.08 million yuan from institutional investors, while Hengying Environmental (688309) saw a net inflow of 18.60 million yuan [3] - Conversely, Huahong Technology (002645) faced a significant decline of 10.00%, with a trading volume of 323,900 shares and a transaction value of 507 million yuan [2][3]

（文章来源：每日经济新闻） *ST清研（301288.SZ）1月28日在投资者互动平台表示，公司控股孙公司福建通海镍业科技有限公司主 要从事含镍等有色金属废物的处理与资源化产品生产，其业务模式符合国家推动高质量发展及金属产业 再生资源回收利用的政策导向，亦有利于提升资源利用效率。其业务具体开展情况请以公司定期报告披 露信息为准。 每经AI快讯，有投资者在投资者互动平台提问：国家经济进入高质量发展新阶段，金属产业进入再生 资源回收利用导向，对通海回收利用价值是否有影响？ ...

Core Viewpoint - The number of shareholders in 294 ChiNext stocks has decreased, with 160 stocks showing a decline compared to the previous period, and 13 stocks experiencing a drop of over 10% [1] Group 1: Shareholder Changes - Among the 294 ChiNext stocks, 160 reported a decrease in shareholder numbers, while 107 saw an increase [1] - The stock with the largest decline in shareholder numbers is Meihai Medical, which decreased by 30.08% to 29,576 shareholders, with a cumulative drop of 9.35% in stock price [1] - Jiuzhiyang reported a 24.15% decrease in shareholders, totaling 29,872, with a cumulative stock price drop of 12.94% [1] - Dineke's shareholder count fell by 18.13% to 27,686, with a stock price decline of 5.53% [1] Group 2: Continuous Concentration of Shareholders - A total of 21 ChiNext stocks have shown a continuous concentration of shareholders, with some experiencing a decline for more than three consecutive periods, and one stock has seen a decrease for seven consecutive periods [1] Group 3: Performance of Concentrated Stocks - The average increase for concentrated stocks since January 11 is 3.94%, with notable performers including Jiangtian Chemical, Ruixin Technology, and Green Island Wind, which increased by 39.33%, 31.32%, and 26.56% respectively [2] - In terms of industry concentration, the mechanical equipment, computer, and electronics sectors have the highest number of concentrated stocks, with 31, 17, and 16 stocks respectively [2] Group 4: Shareholder Count Declines - Hongming Co. has seen its shareholder count decrease by 22.01% to 3,905, marking a continuous decline for seven periods [2] - Anuoqi's shareholder count has dropped by 12.79% to 43,995, also reflecting a seven-period decline [2] - ST Qingyan's shareholder count decreased by 15.20% to 3,091, with a six-period decline [2] Group 5: Earnings Forecasts - Among the concentrated stocks, 18 have released earnings forecasts for the full year of 2025, with five expecting profit increases and one expecting a profit [3] - Huachen Equipment is projected to have the highest net profit growth at 217.84%, followed by Boteng Co. and Kaisheng New Materials with expected growth rates of 132.15% and 123.27% respectively [3]