Core Insights - The article highlights the recent patent granted to multiple companies in Guangxi, specifically for a "thermal furnace electrode sealing device" with the announcement number CN115915528B, applied for on January 2023 [1][2]. Company Summaries - Guangxi Beigang New Materials Co., Ltd. was established in 2009 in Beihai City, focusing on black metal smelting and rolling processing, with a registered capital of 500 million RMB. The company has participated in 5,000 bidding projects and holds 128 patents, along with 483 administrative licenses [1]. - Guangxi Beigang Steel Co., Ltd. was founded in 2011 in Beihai City, also specializing in black metal smelting and rolling processing, with a registered capital of 500 million RMB. The company has engaged in 1,175 bidding projects and possesses 37 patents, in addition to 253 administrative licenses [1]. - Guangxi Beigang Stainless Steel Co., Ltd. was established in 2013 in Beihai City, focusing on black metal smelting and rolling processing, with a registered capital of 500 million RMB. The company has participated in 533 bidding projects and holds 32 patents, along with 52 administrative licenses [2]. - Guangxi Beihai Zonghong Technology Development Co., Ltd. was founded in 2011 in Beihai City, primarily engaged in technology promotion and application services, with a registered capital of 50 million RMB. The company has participated in 4 bidding projects and holds 11 patents, along with 5 administrative licenses [2]. - Beihai Zongwei Environmental Protection Technology Co., Ltd. was established in 2012 in Beihai City, focusing on ecological protection and environmental governance, with a registered capital of 30 million RMB. The company has engaged in 411 bidding projects and possesses 15 patents, along with 20 administrative licenses [2].

Group 1 - The company expects to report a net loss attributable to shareholders of the parent company for the first half of 2025, ranging from -17.5 million to -12.5 million yuan, indicating a decline compared to the same period last year [1][2] - The expected net profit after deducting non-recurring gains and losses is projected to be between -17.4 million and -12.4 million yuan [1][2] - In the same period last year, the net profit attributable to shareholders was 12.83 million yuan, and the net profit after deducting non-recurring gains and losses was 12.81 million yuan [1][2] Group 2 - The main reasons for the expected loss include insufficient scale sales and an increase in the provision for bad debts compared to the same period last year [2]

Group 1 - Shenzhen Yuekunkun Environmental Industry Co., Ltd. and its affiliated companies have obtained a patent for a device and method to remove heavy metals from industrial wastewater, with the patent number CN119797516B, applied for on March 2025 [1] - Shenzhen Yuekunkun Environmental Industry Co., Ltd. was established in 2000, has a registered capital of 30 million RMB, and has participated in 56 bidding projects [1] - Shenzhen Yuekunkun Environmental Technology (Group) Co., Ltd. was established in 2013, has a registered capital of 10 million RMB, and has 9 patents [1] Group 2 - Fuzhou Pengkun Water Treatment Co., Ltd. was established in 2010, has a registered capital of 10 million RMB, and has participated in 17 bidding projects [2] - Shenzhen Yaozhuxing Technology Co., Ltd. was established in 2018, has a registered capital of 5 million RMB, and has 1 patent [2] - Shenzhen Jinguocheng Environmental Technology Co., Ltd. was established in 1999, has a registered capital of 6 million RMB, and has 1 patent [2]

Group 1 - The State Intellectual Property Office of China has published a patent application for a "clarification zone height detection device and flocculant dosing system" by China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. and China Electric Power Construction Environmental Protection Technology Co., Ltd. The patent was published under CN120208383A with an application date of March 2025 [1] - The patent describes a device that includes a clarifier and a support structure equipped with two gravity monitoring devices, which are used to detect the height of the clarification zone and sedimentation zone [1] Group 2 - China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. was established in 1994 and is based in Changsha. The company primarily engages in the production and supply of electricity and heat, with a registered capital of 135 million RMB. It has invested in 88 companies and participated in 5,000 bidding projects, holding 58 trademark records and 1,966 patent records [2] - China Electric Power Construction Environmental Protection Technology Co., Ltd. was founded in 2014, also located in Changsha, focusing on ecological protection and environmental governance. The company has a registered capital of 10 million RMB, invested in 1 company, participated in 419 bidding projects, and holds 1 trademark record and 124 patent records [2]

Group 1 - The major shareholder of Huylv Ecological (001267) plans to reduce its stake by 23,524,939 shares, accounting for up to 3% of the total share capital, within three months starting from July 18, 2025 [1] - After the share reduction, the actual controller and its concerted actors will still hold 393,734,960 shares, representing 50.21% of the total share capital, ensuring no change in control [1] - The major shareholder, Ningbo Huining Investment Co., Ltd., is controlled by Li Xiaoming, who holds 54.5989% of its shares [1] Group 2 - Huylv Ecological was re-listed on the Shenzhen Stock Exchange on November 17, 2021, after being suspended and delisted due to continuous losses from 2001 to 2003 [2] - The company had a total share count of 700 million shares upon re-listing, with Tianfeng Securities acting as the sponsor [2] Group 3 - In Q1 2025, Huylv Ecological reported revenue of 309 million yuan, a year-on-year increase of 210.40%, and a net profit attributable to shareholders of 19.83 million yuan, up 549.69% [3] - The company has experienced a decline in net profit for three consecutive years since its re-listing in 2021, with revenues from 2020 to 2024 being 814 million, 775 million, 611 million, 685 million, and 587 million yuan respectively [3] Group 4 - In 2022, Huylv Ecological raised approximately 332.32 million yuan through a non-public offering of 75,446,428 shares at a price of 4.48 yuan per share [4] - The net proceeds from the offering were confirmed by an audit report issued by Zhongxun Zhonghuan Accounting Firm [4]

青岛冠中生态股份有限公司 会计师事务所选聘制度 二零二五年六月 -1- 第一章 总 则 第一条 为规范青岛冠中生态股份有限公司（以下简称"公司"）选聘（含改 聘，下同）会计师事务所的行为，提升审计质量，切实维护股东权益，根据《中 华人民共和国公司法》《中华人民共和国会计法》《国有企业、上市公司选聘会 计师事务所管理办法》《青岛冠中生态股份有限公司章程》（以下简称"《公司 章程》"）等有关规定，结合公司具体情况，特制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求， 聘任会计师事务所对财务会计报告、内部控制等发表审计意见、出具审计报告的 行为。聘任其他专项审计业务的会计师事务所，视重要性程度可参照本制度执行。 第三条 公司选聘会计师事务所应当经公司董事会审计委员会（以下简称"审 计委员会"）全体成员过半数同意后，提交董事会审议，并由股东会决定。公司 不得在董事会、股东会审议前聘请会计师事务所开展审计业务。 第四条 公司控股股东、实际控制人不得在公司董事会、股东会审议前，向公 司指定会计师事务所，不得干预审计委员会独立履行审核职责。 第二章 会计师事务所选聘条件 第五条 公司选聘的会计 ...

General Principles - The rules are established to regulate the behavior of Qingdao Guanzhong Ecological Co., Ltd. and ensure that the shareholders' meeting exercises its rights according to the Company Law and relevant regulations [1][2] - The company must strictly follow legal and regulatory requirements when convening shareholders' meetings to ensure shareholders can exercise their rights [1][2] Shareholders' Meeting Convening - The company must hold an annual shareholders' meeting within six months after the end of the previous fiscal year [1][2] - A temporary shareholders' meeting must be convened within two months under specific circumstances, such as insufficient directors or significant losses [1][2][3] - If the company cannot convene a shareholders' meeting within the specified time, it must report to the regulatory authorities and disclose the reasons [2] Proposals and Notifications - Proposals must fall within the scope of the shareholders' meeting's authority and comply with legal and regulatory requirements [5][6] - Shareholders holding more than 1% of shares can propose items for discussion at the shareholders' meeting [5][6] - Notifications for annual meetings must be sent 20 days in advance, while notifications for temporary meetings must be sent 15 days in advance [6][7] Meeting Procedures - The shareholders' meeting should be held at the company's registered address or another designated location [7][8] - Shareholders can attend in person or appoint proxies to vote on their behalf [8][9] - The meeting must maintain order, and any disruptive behavior should be reported to the relevant authorities [8][9] Voting and Resolutions - Resolutions can be ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds approval [11][12] - Certain significant matters, such as capital changes or mergers, require special resolutions [12][13] - Voting results must be disclosed promptly, including the number of shareholders present and the voting outcomes [16][17] Record Keeping - Meeting records must include details such as time, location, attendees, and voting results, and must be preserved for ten years [17][18] - The company must ensure that the meeting records are accurate and complete [17][18] Legal Compliance - Any disputes regarding the legality of the convening process or resolutions must be addressed through legal channels [18][19] - Shareholders can request the annulment of resolutions that violate laws or regulations within 60 days of the resolution being made [19]

Group 1 - The core viewpoint of the articles highlights the increasing popularity of dividend-themed funds as a key investment tool for investors amid a global preference for safe-haven assets and recent interest rate cuts by the central bank [1][2] - The central bank's recent adjustment of the Loan Prime Rate (LPR) and significant reductions in deposit rates have led to a decrease in household savings, prompting a renewed interest in dividend assets and related funds [1] - The Guangfa Stable Strategy fund, managed by Yang Dong, has achieved a return of 11.16% over the past six months, significantly outperforming the benchmark index, which only rose by 2.19% during the same period [1] Group 2 - Yang Dong is recognized for pioneering fundamental quantitative strategies in fund management, combining active stock selection with quantitative models to create a stable, outperforming equity fund [2] - The "active + quantitative" strategy involves subjective analysis for identifying trends and deep dives into individual stock fundamentals, while quantitative strategies utilize style factors to uncover patterns and enhance stock selection [2] - The team led by Yang Dong includes researchers with quantitative backgrounds, contributing to the development of specific style sub-strategies that provide flexibility in the fund's portfolio [2] Group 3 - The Guangfa Stable Strategy fund's holdings reflect a distinctive "active concentration + quantitative dispersion" approach, with a focus on a few concentrated top holdings while maintaining a diversified portfolio [3] - The fund has significantly increased its exposure to Hong Kong stocks, with a notable presence of H-shares in its top holdings, which tend to offer higher dividend yields compared to A-shares [3] - In the first quarter of 2025, the fund underwent a rebalancing, introducing six new stocks across various sectors, demonstrating its broad industry coverage and flexible adjustment capabilities [4]

Core Viewpoint - Hangzhou's ecological environment quality has shown an overall improvement in 2024, as reported in the annual ecological environment status bulletin released by the city [2][3]. Group 1: Ecological Environment Quality - The ecological environment quality in Hangzhou is characterized by two "improvements" and two "stabilities": air quality is steadily improving, surface water quality continues to improve, noise environment is generally stable, and soil environment is also stable [3]. - The proportion of surface water quality at class III or above has maintained 100% for four consecutive years, with key water bodies like West Lake and Qiandao Lake showing excellent water quality [3]. - In terms of drinking water, the quality of centralized drinking water sources is excellent, with a 100% compliance rate for county-level and above sources [3]. Group 2: Air Quality and Noise Management - In 2024, Hangzhou recorded 299 days of good air quality, with a good rate of 81.7% and PM2.5 concentration at 30 micrograms per cubic meter, showing a year-on-year improvement of 3.2% [3]. - The overall noise environment is good, with daytime noise levels meeting standards across various zones, and traffic noise rated as good [3]. Group 3: Pollution Control Measures - The city has implemented strict pollution control measures, including the inspection and remediation of over 112,800 discharge outlets and the completion of over 2,100 emission reduction projects [4]. - Initiatives like the "Quiet Community" pilot project have been launched to address noise pollution through targeted governance and monitoring [4]. Group 4: Legal and Technological Framework - Hangzhou has strengthened its legal framework for ecological protection, enacting several regulations and guidelines to safeguard the environment [5]. - The city is leveraging AI, big data, and blockchain technologies to enhance environmental monitoring and management capabilities [6]. Group 5: Biodiversity and Recognition - The city has published a biodiversity white paper and developed a strategic plan for biodiversity protection from 2024 to 2035, creating multiple biodiversity experience sites [6]. - Hangzhou has received numerous accolades for its environmental efforts, including recognition for its beautiful environment and effective pollution control measures over consecutive years [6].

Core Viewpoint - Boschke (300422) has reported continuous operating losses for the fiscal years 2021, 2022, 2023, and the first quarter of 2025, indicating a concerning financial trend for the company [1] Financial Performance - The company has recorded negative net profits for the most recent audited period, resulting in a negative price-to-earnings ratio, which significantly deviates from the average level of the "Ecological Protection and Environmental Governance Industry" [1] - The stock price has experienced a substantial short-term increase, suggesting potential market over-exuberance and high speculation risks [1] Market Sentiment - There is a possibility of a significant price correction following the recent stock price surge, although the company's fundamentals have not changed significantly, and there are no undisclosed major information [1]