4月29日公司发布的一季报数据显示，一季度公司共实现营业总收入11.15亿元，同比下降9.04%，实现 净利润-1.33亿元，同比下降57.00%。（数据宝） 近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.06.03 | -9.84 | 2.27 | -1567.72 | | 2025.05.30 | 7.02 | 32.56 | -12267.54 | | 2025.05.29 | 10.14 | 2.37 | 1809.33 | | 2025.05.28 | 10.11 | 4.34 | 4946.03 | | 2025.05.27 | 2.73 | 3.21 | 454.66 | | 2025.05.26 | 2.81 | 1.97 | 326.25 | | 2025.05.23 | -2.73 | 2.14 | -19.95 | | 2025.05.22 | -1.61 | 3.22 | -383.68 | | 2025.05.21 | -1.06 | 2.09 | -134.93 | ...

Group 1 - A total of 121 listed companies have disclosed significant restructuring events as of May 26 this year, significantly higher than the 45 companies during the same period last year [1] - The recent trend in A-share mergers and acquisitions (M&A) shows three main characteristics: industrial integration becoming mainstream, the value of "shell" resources further diminishing, and technology-driven central state-owned enterprises taking the lead in M&A [1] - The restructuring activities are primarily focused on core businesses and industrial cooperation, with horizontal integration, vertical integration, and strategic cooperation accounting for over 50% of the significant restructuring events [1] Group 2 - The proportion of A-share companies engaging in industrial mergers has been increasing year by year since 2021, indicating a shift towards industry-led M&A activities [2] - Analysts suggest that the current environment is favorable for industrial capital mergers, driven by changes in IPO policies, tightening financing conditions in the primary market, and the accumulation of cash reserves by quality listed companies [2] - The experience gained from the M&A boom between 2013 and 2015 and the subsequent goodwill impairment has led to more cautious and strategic approaches to external mergers by industrial capital [2] Group 3 - The logic of value reshaping, market integration, and industrial chain collaboration is expected to strengthen in the future, with traditional companies likely to acquire "hard tech" firms that do not yet meet listing conditions for business transformation [3] - Mature companies are anticipated to engage more in horizontal mergers to expand market share and gain industry influence, while technology firms will seek to acquire startups in cutting-edge fields for explosive growth opportunities [3] - License-based companies are expected to implement more mergers and integrations to enhance competitiveness in the industry, such as in the brokerage sector [3]

Core Viewpoint - Konka Group is reducing its stake in Wuhan Tianyuan to optimize asset allocation and improve liquidity, planning to sell up to 3% of its total shares by 2025 [1] Group 1: Investment and Strategic Shift - Konka's investment in Wuhan Tianyuan dates back to 2017, marking a pivotal year for the company's strategic transformation from a traditional electronics manufacturer to a diversified entity [2] - In 2018, Konka set ambitious revenue goals and established environmental protection and semiconductor industries as key growth drivers, aiming to become a leading comprehensive environmental service provider [2] - The company has made significant investments and acquisitions in the environmental sector, including a 51% stake in Yikang Technology and Jiangxi Konka New Materials [2] Group 2: Financial Performance - In 2018, Konka's environmental business generated revenue of 3.02 billion yuan, accounting for 6.55% of total revenue, while traditional electronics revenue fell by 18.44% [3][4] - The environmental segment peaked in 2019 with revenue soaring to 7.08 billion yuan, a 134.4% increase, and winning contracts exceeding 10 billion yuan [3][4] - However, after 2019, the environmental business faced declining performance, with revenue dropping by 26.01% to 1.15 billion yuan in 2023, representing only 6.42% of total revenue [4][5] Group 3: Current Challenges and Future Outlook - Konka has been divesting its environmental assets, including a previous plan to sell up to 6% of its shares in Wuhan Tianyuan, which was not realized [5] - The company's financial health has deteriorated, with a 37.73% drop in revenue to 11.11 billion yuan in 2024 and a net loss of 3.30 billion yuan [6] - Despite a reported profit in Q1 2025, the improvement was largely due to accounting changes rather than operational recovery, with underlying losses still significant [6]

华新绿源环保股份有限公司董事会薪酬与考核委员会 关于公司 2025 年限制性股票激励计划（草案）的核查意见 （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政 处罚或者采取市场禁入措施；具有《公司法》规定的不得担任公司董事、高级 管理人员情形的； （4）具有法律法规规定不得参与上市公司股权激励情形的； （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； （3）上市最近 36 个月内出现过未按法律法规、公司章程、公开承诺进行 利润分配的情形； （4）法律法规规定不得实行股权激励的； （5）中国证监会认定的其他情形。 （1）最近 12 个月内被证券交易所认定为不适当人选的； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选的； 华新绿源环保股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 依据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法 》（以下简称《证券法》）《上市公司股权激励管理办法》（以下简称《管理办法》 ）和《 ...

成都城市风貌。蒋光丛 摄 从龙泉山巅到锦江之畔，推窗见绿、出门入园、移步换景……初夏的成都，处处是美丽风景。 作为公园城市、千园之城，成都不仅追求公园的数量，更致力于消除城市空间界限，让整座城市成为一座大 公园，为市民带来前所未有的生态体验。截至目前，天府绿道总里程突破9000公里、天府蓝网达220公里、各类公 园超1500个，公园城市示范片区达23个，高等野生植物资源达3139种，全市森林覆盖率、建成区绿化覆盖率分别 增至40.5%、44.7%。 "环城绿道骑行""龙泉山观日出""在成都遥望雪山"等场景成为生态惠民的生动例证，人与自然和谐共生的美 丽画卷不断铺展。 5月初的一天，成都人的朋友圈再次被雪山与城市的同框照"刷屏"。西岭千秋雪穿越云层，与城市的天际线完 成年度"初逢"，被众多市民称为2025年的成都"开山节"。 这些美景中，有自然的馈赠，更有城市的奋进。成都市生态环境局相关负责人表示，近年来，成都市坚定落 实美丽中国建设战略部署，以美丽城市建设为牵引，对照国家美丽城市建设"绿色低碳、环境优美、生态宜居、安 全健康、智慧高效"五个维度，着重从生产、生态、生活、和谐、治理"五美"上下功夫，因地制宜探索 ...

联合研究丨公司点评丨龙净环保（600388.SH） [Table_Title] 收购吉泰智能 20%股权，布局爬壁检测机器 人形成协同 丨证券研究报告丨 报告要点 [Table_Summary] 2025 年 5 月 29 日，龙净环保发布《关于对外投资的公告》，公司拟出资 7,507.5 万元，取得吉 泰智能 20%股份（拟成为第二大股东）。吉泰智能主营产品为爬壁检测机器人及配套运维系统， 与龙净环保业务存在一定协同性；标的 2024 年实现净利润 1267 万元，未来在龙净的市场加持 下，标的公司业绩有望实现良好提升。 分析师及联系人 [Table_Author] SAC：S0490517090001 SAC：S0490519080004 SAC：S0490520090003 SFC：BUV415 徐科 王筱茜 叶之楠 盛意 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 龙净环保（600388.SH） cjzqdt11111 [Table_Title 收购吉泰智能2] 20%股权，布局爬壁检测机器人 形成协同 [Table_Summary2] 事件描述 公 ...

Core Viewpoint - China Construction Energy announced its annual shareholder meeting scheduled for June 20, 2025, with a focus on various financial and governance proposals [1] Group 1: Meeting Details - The shareholder meeting will take place at the company's office in Chengdu, Sichuan Province [1] - The record date for shareholders to participate in voting is June 13, 2025 [1] Group 2: Agenda Items - The meeting will review 19 agenda items, including: - The 2024 Board of Directors' work report [1] - The 2024 financial settlement report [1] - The 2025 budget report [1] - The 2024 annual report and its summary [1] - The profit distribution plan for 2024 [1] - Proposals for providing guarantees for subsidiaries in 2025 [1] - Applications for comprehensive credit limits from non-related financial institutions in 2025 [1] - Applications for comprehensive credit limits from China Construction Finance Co., Ltd. in 2025 [1] - Signing a financial service agreement with China Construction Finance Co., Ltd. [1] - Expected daily related transactions for 2025 [1] - The 2024 Supervisory Board work report [1] - Amendments to the company's articles of association [1] - Amendments to the rules of procedure for shareholder meetings [1] - Amendments to the rules of procedure for board meetings [1] - Amendments to the selection system for accounting firms [1] - Amendments to the independent director work system [1] - Amendments to the independent director allowance system [1] - Election of non-independent directors for the board [1] - Election of independent directors for the board [1]

北京市天元律师事务所 关于安徽华骐环保科技股份有限公司 法律意见书 北京市天元律师事务所 北京市西城区金融大街 35 号 国际企业大厦 A 座 509 单元 邮编：100033 北京市天元律师事务所 关于安徽华骐环保科技股份有限公司 法律意见书 京天股字（2025）第 276 号 致：安徽华骐环保科技股份有限公司 根据北京市天元律师事务所（以下简称"本所"）与安徽华骐环保科技股份 有限公司（以下简称"华骐环保"或"公司"）签订的《专项法律服务协议》， 本所担任公司本激励计划的专项中国法律顾问并出具法律意见。 本所及经办律师依据《中华人民共和国公司法》（以下简称《公司法》）、 《中华人民共和国证券法》（以下简称《证券法》）、《上市公司股权激励管理 办法》（以下简称《管理办法》）、《深圳证券交易所创业板股票上市规则》 （以 下简称《上市规则》）、《律师事务所从事证券法律业务管理办法》《律师事务 所证券法律业务执业规则（试行）》等规定及本法律意见书出具日以前已经发生 或者存在的事实，按照律师行业公认的业务标准、道德规范和勤勉尽责的精神， 出具本法律意见书。 为出具本法律意见书，本所律师审阅了公司拟订的《安徽华骐环保 ...

安徽华骐环保科技股份有限公司董事会薪酬与考核委员会 （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； 关于公司 2025 年限制性股票激励计划（草案）的 （3）上市最近 36 个月内出现过未按法律法规、公司章程、公开承诺进行 利润分配的情形； 核查意见 （4）法律法规规定不得实行股权激励的； 安徽华骐环保科技股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会依据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国 证券法》（以下简称《证券法》）、《国有控股上市公司（境内）实施股权激励试 行办法》（国资发分配〔2006〕175 号）（以下简称《试行办法》）、《关于规范国 有控股上市公司实施股权激励制度有关问题的通知》（国资发分配〔2008〕171 号）（以下简称《规范通知》）、《中央企业控股上市公司实施股权激励工作指引》 （国资考分〔2020〕178 号）（以下简称《指引》）、《上市公司股权激励管理办 法》（以下简称《管理办法》）和《公司章程》等有关规定，对公司《 ...

Core Viewpoint - The legal opinion letter from Jiangsu Century Tongren Law Firm confirms that Nanjing Wonders Environmental Technology Co., Ltd. has obtained the necessary approvals for the repurchase and cancellation of certain restricted stocks under its 2022 incentive plan, in compliance with relevant regulations [1][7][13] Summary by Sections Approval and Authorization - The company has received approval for its 2022 restricted stock incentive plan, including independent opinions from independent directors and verification from the supervisory board [4][5][6] Repurchase and Cancellation Details - The repurchase involves 5,580 shares of the first category of restricted stocks due to the departure of 8 incentive targets, which will be repurchased at the grant price of 9.68 yuan per share [7][10][12] - A total of 136,822 shares of the first category of restricted stocks will be repurchased due to unmet performance conditions [10] - The cancellation of 22,320 shares of the second category of restricted stocks is due to the same 8 individuals leaving the company [10][11] Performance Assessment Criteria - The performance assessment for the second unlock period of the first category of restricted stocks is based on a revenue growth rate of 40% to 60% and a net profit growth rate of 40% to 60% for the year 2024 [8][11] Financial Implications - The total amount allocated for the repurchase of the first category of restricted stocks is approximately 1.32 million yuan, sourced from the company's own funds [12][13]