SPC(SZ:002573) Zhong Guo Jing Ji Wang·2025-05-30 03:25Core Viewpoint - Qingxin Environment has received approval from the China Securities Regulatory Commission (CSRC) for a specific stock issuance, which is valid for 12 months from May 30, 2024, but the previous approval has expired due to failure to implement the issuance within the valid period [1][2]. Group 1: Stock Issuance Details - The total amount to be raised from the stock issuance is not more than 272 million yuan, which will be used for hazardous waste disposal projects, air pollution control projects, working capital, and repaying bank loans [2]. - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, financial companies, insurance institutions, and qualified foreign institutional investors [2]. - The pricing benchmark for the issuance will be set at 80% of the average trading price of the company's stock over the 20 trading days prior to the issuance date [2]. Group 2: Financial Performance - For the fiscal year 2024, Qingxin Environment reported total revenue of 8.716 billion yuan, a year-on-year increase of 1.18% [3][4]. - The net profit attributable to shareholders was -378 million yuan, a significant decline of 396.95% compared to the previous year's profit of 127 million yuan [3][4]. - The net profit after excluding non-recurring gains and losses was -411 million yuan, a decrease of 1,015.28% from the previous year's figure of approximately 44.9 million yuan [3][4]. - The net cash flow from operating activities was 1.492 billion yuan, reflecting a 70.11% increase compared to the previous year [3][4].