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]

Group 1 - The core viewpoint of the article highlights the impact of China's transition to high-quality economic development on the metal industry, particularly in the context of resource recycling and utilization [2] - The company *ST Qingyan (301288.SZ)* responded to investor inquiries, indicating that its subsidiary, Fujian Tonghai Nickel Industry Technology Co., Ltd., is engaged in the processing of nickel-containing waste and the production of resource-based products, aligning with national policies promoting high-quality development and resource recycling [2] - The business model of the subsidiary is expected to enhance resource utilization efficiency, which is in line with the government's direction for the metal industry [2]

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]

Core Viewpoint - The continuous decline in the number of shareholders in various companies indicates a trend of increasing concentration of shares, with 102 companies experiencing a decrease for more than three consecutive periods, and some like Dazhongnan and Far East Transmission seeing declines for up to 12 periods [1][2]. Shareholder Trends - A total of 787 companies reported their latest shareholder numbers as of January 10, with significant declines noted in companies such as Dazhongnan (106,534 shareholders, down 29.73%) and Far East Transmission (64,541 shareholders, down 19.46%) [1]. - Companies with the largest recent declines in shareholder numbers include Hengshuai Co. (down 16.65%), Farantak (down 9.92%), and Furong Technology (down 7.34%) [1][3]. Market Performance - Among the companies with declining shareholder numbers, 57 saw their stock prices increase, while 43 experienced declines. Notable gainers include Hengshuai Co. (up 52.85%), Zhiguang Electric (up 44.75%), and Zhongyuan Neipei (up 33.24%) [2]. - 36 companies outperformed the Shanghai Composite Index, with Hengshuai Co. achieving a relative return of 47.37% compared to the index [2]. Industry Distribution - The industries with the highest concentration of companies experiencing declining shareholder numbers include basic chemicals (13 companies), electric equipment (10 companies), and electronics (8 companies) [2]. Institutional Activity - In the past month, 13 companies with declining shareholder numbers were subject to institutional research, with frequent inquiries directed at Xingfa Group, Jintian Co., and Hengxin Life, each receiving two rounds of institutional research [2]. - The companies with the most institutional participation include Xingfa Group (107 institutions), Caixun Co. (76 institutions), and Jintian Co. (23 institutions) [2]. Performance Forecasts - One company has released its preliminary earnings report for 2025, with Shaanxi Guotou A showing a net profit increase of 5.70%. Three companies have issued earnings forecasts, with the highest projected net profit growth being for Quan Feng Automobile, expected to be -315 million yuan, representing a year-on-year increase of 39.04% [3].

Core Insights - The environmental equipment sector experienced a rise of 0.86% on January 14, with Senyuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] Group 1: Stock Performance - Senyuan Co., Ltd. (300210) closed at 11.19, up 10.57%, with a trading volume of 654,900 shares and a transaction value of 716 million yuan [1] - *ST Qingyan (301288) closed at 20.45, up 10.12%, with a trading volume of 19,700 shares and a transaction value of 39.76 million yuan [1] - Chuangyuan Technology (000551) closed at 15.60, up 9.24%, with a trading volume of 811,300 shares and a transaction value of 1.226 billion yuan [1] - Meiyu Technology (688376) closed at 62.81, up 6.58%, with a trading volume of 48,700 shares and a transaction value of 304 million yuan [1] Group 2: Capital Flow - The environmental equipment sector saw a net inflow of 143 million yuan from institutional investors, while retail investors experienced a net outflow of 164 million yuan [2] - Major stocks like Chuangyuan Technology and Juguang Technology had significant net inflows from institutional investors, indicating strong interest [3] - Senyuan Co., Ltd. had a net inflow of 5.95 million yuan from institutional investors, but a net outflow of 25.80 million yuan from retail investors [3]

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing at 4188.24 points, up by 1.20%, and total trading volume reaching 22,460 billion yuan, indicating a strong market performance today [1]. Group 1: Market Performance - The Shanghai Composite Index is above the five-day moving average, reflecting a bullish trend in the market [1]. - A total of 1,081 A-shares have surpassed the five-day moving average, suggesting a broad-based rally [1]. Group 2: Individual Stock Performance - Stocks with significant deviations from the five-day moving average include: - Hanbo High-tech (301321) with a deviation rate of 14.98% and a daily increase of 20.01% [2]. - Doctor Eye (300622) with a deviation rate of 14.96% and a daily increase of 19.99% [2]. - Hongxiang Co. (300427) with a deviation rate of 13.46% and a daily increase of 20.03% [2]. - Other notable stocks with smaller deviations include: - Anke Innovation (301101) and Naipu Mining (688419), which have just crossed the five-day moving average [1].

Market Overview - The Shanghai Composite Index is at 4178.99 points, above the five-day moving average, with an increase of 0.97% [1] - The total trading volume of A-shares is 16,022.67 billion yuan [1] Stocks Breaking the Five-Day Moving Average - A total of 894 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Hanbo High-tech: 14.98% deviation, with a price increase of 20.01% [1] - Doctor Glasses: 14.96% deviation, with a price increase of 19.99% [1] - Hongxiang Co.: 13.46% deviation, with a price increase of 20.03% [1] Additional Stocks with Notable Performance - Other stocks with substantial price increases and deviation rates include: - Lakala: 20.01% increase, 13.20% deviation [1] - Nake Equipment: 20.01% increase, 12.15% deviation [1] - Yihua Tong: 16.76% increase, 11.90% deviation [1] Summary of Key Stocks - The following table summarizes key stocks that have broken the five-day moving average: | Stock Code | Stock Name | Daily Change (%) | Turnover Rate (%) | Five-Day MA (yuan) | Latest Price (yuan) | Deviation (%) | | --- | --- | --- | --- | --- | --- | --- | | 301321 | Hanbo High-tech | 20.01 | 10.46 | 20.03 | 23.03 | 14.98 | | 300622 | Doctor Glasses | 19.99 | 22.49 | 33.83 | 38.89 | 14.96 | | 300427 | Hongxiang Co. | 20.03 | 23.40 | 13.89 | 15.76 | 13.46 | | 300773 | Lakala | 20.01 | 16.76 | 28.34 | 32.08 | 13.20 | | 688419 | Nake Equipment | 20.01 | 9.81 | 36.15 | 40.54 | 12.15 | | 688339 | Yihua Tong | 16.76 | 8.38 | 29.88 | 33.44 | 11.90 | | 300313 | *ST Tianshan | 15.19 | 5.13 | 8.69 | 9.63 | 10.77 | | 688109 | Pinming Technology | 14.80 | 3.74 | 133.97 | 147.52 | 10.12 | | 301101 | Mingyue Mirror | 13.09 | 5.34 | 44.69 | 48.99 | 9.61 | | 300844 | Shanshui Bide | 14.32 | 2.57 | 39.42 | 43.10 | 9.34 | [1]

Group 1 - The core point of the article is that the company *ST Qingyan (301288.SZ)* has responded to an investor inquiry regarding the maximum capacity of its subsidiary Tonghai Nickel Industry, indicating that the actual capacity is currently in a phase of continuous recovery and will be dynamically adjusted based on market demand and technological upgrades [2] Group 2 - The company emphasizes that specific capacity details will be disclosed through formal announcements [2]

Core Viewpoint - *ST Qingyan (301288.SZ) currently does not hold any mineral assets and focuses on resource utilization through hazardous waste disposal services [1] Group 1: Business Operations - The company's resource utilization business is primarily conducted through its subsidiary, Fujian Tonghai Nickel Industry Technology Co., Ltd., which collects and disposes of hazardous waste from enterprises [1] - The company charges fees for hazardous waste disposal services and employs mature pyrometallurgical processes to treat various industrial solid wastes containing metals such as nickel, chromium, copper, and iron [1] - The company recovers various metal resources from hazardous waste and produces alloy metals and other resource products for external sales [1]