Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced on August 22 the improvement of the tax refund policy for retained tax credits, adjusting refund ratios and conditions for certain industries to enhance policy precision and support key sectors [1][2]. Group 1: Policy Adjustments - From September 2025, the policy of full monthly refunds for retained tax credits will continue for four key industries: manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance [3]. - Other industries will have specific conditions and ratios for tax refunds, allowing eligible taxpayers to fully repay previously obtained retained tax refunds or opt for immediate collection or subsequent refunds [3]. Group 2: Industry Focus - The continuation of full refunds for retained tax credits in key sectors such as manufacturing, technological innovation, and green development reflects a policy direction that aligns with national development strategies [6]. - The real estate industry will maintain its existing retained tax refund policy, ensuring policy continuity and supporting the stabilization of the real estate market [6]. Group 3: Policy Evolution - The new policy signifies a shift in fiscal policy from a "universal benefit" approach to a "precise drip irrigation" strategy, targeting specific industries for support [7].

Core Viewpoint - Qingdao Guanzhong Ecological Co., Ltd. has signed a significant contract worth approximately 239.89 million yuan for the construction of the Boshan District Urban and Rural Water Supply Improvement and Renovation Project, which is expected to enhance the company's capabilities in the municipal public sector [1][4]. Group 1: Contract Details - The contract is a joint venture with Hubei Zhongsen Huatai Construction Engineering Co., Ltd. and Zibo Water Conservancy Survey and Design Institute Co., Ltd. [1][2] - The total contract price is 239.89 million yuan, which includes a design fee rate of 1.4% and a construction cost reduction rate of 0.18% [3]. - The project will cover network extension and renovation, new water plant construction, and smart water management, providing comprehensive services including surveying, design, procurement, and construction [3]. Group 2: Financial Impact - The contract value represents approximately 165.11% of the company's audited consolidated revenue for the year 2024, indicating a substantial potential impact on future financial performance [4]. - Successful execution of the contract is expected to enhance the company's competitive edge and business development in the municipal public sector [4]. Group 3: Counterparty Information - The contracting party, Zibo Boshan Rural Economic Development Co., Ltd., was established in July 2021 with a registered capital of 60 million yuan and is controlled by the Zibo Boshan Finance Bureau, indicating strong performance capability [2]. - The joint venture partners have no prior business dealings with Guanzhong Ecological, and both have strong creditworthiness and operational stability [2].

证券日报网讯 8月22日晚间，冠中生态发布公告称，公司作为联合体牵头人与联合体单位湖北中森华泰 建筑工程有限公司、淄博市水利勘测设计院有限公司与发包人淄博博山乡村经济发展有限公司就博山区 城乡供水提升改造建设项目（续建）工程总承包其他工程1标签署了《总承包合同》，合同总包价款 （含税）为人民币23，989.14万元。 （编辑 李家琪） ...

Core Points - The Ministry of Finance and the State Taxation Administration announced improvements to the tax refund policy for retained input VAT, adjusting refund ratios and conditions for certain industries to enhance policy precision and support key sectors [1] - The new policy continues to implement full monthly refunds for retained tax amounts in manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance industries starting from the September VAT declaration period [1] - Other industries will have specific conditions and ratios for tax refunds, allowing eligible taxpayers to fully repay previously obtained retained tax refunds or opt for immediate collection or deferred refunds [1] - The policy shift reflects a transition from a "universal benefit" approach to a "targeted support" strategy, focusing on key areas such as manufacturing, technological innovation, and green development [1] - The policy maintains the existing tax refund measures for the real estate sector, ensuring continuity and supporting the stabilization of the real estate market [1] - Other industries will no longer benefit from large-scale temporary tax refund policies, reverting to the retained tax refund system established in 2019 [1]

Core Points - The Ministry of Finance and the State Taxation Administration announced a new policy for VAT refund on end-of-period tax credits, effective from September 2025 [1][2][11] - Eligible general VAT taxpayers in specific industries can apply for monthly refunds of end-of-period tax credits [2][3] - Real estate developers can apply for a refund of 60% of the newly increased end-of-period tax credits if certain conditions are met [1][3] Industry-Specific Summary - The policy applies to the manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance industries, allowing monthly applications for refunds [2][4] - For real estate developers, the refund eligibility is contingent on having a newly increased end-of-period tax credit greater than zero for six consecutive months, with the sixth month's increase not less than 500,000 yuan [1][3] - Other taxpayers can apply for a refund if they have a newly increased end-of-period tax credit of at least 500,000 yuan compared to the previous year's end-of-period tax credit [3][4] Eligibility Criteria - Taxpayers must not have been penalized for tax evasion twice or more in the past 36 months [3][5] - Taxpayers must not have enjoyed certain VAT refund policies since April 1, 2019, unless specified otherwise [3][8] Calculation of Refunds - The refund amount for eligible taxpayers will be calculated based on the proportion of deductible VAT credits [7][8] - Taxpayers can choose to carry forward the end-of-period tax credits to the next period or apply for a refund in the following VAT declaration period [9][10] Implementation and Transition - The new policy will replace previous announcements regarding VAT refund policies, and applications pending before the implementation date will be processed under the old rules [11][12]

齐鲁晚报·齐鲁壹点评论员 张泰来 泉城市民又多了一处休闲娱乐好去处。 7月3日，济南市白泉生态保护项目正式向市民开放。开园一个多月的时间，吸引了大量市民前来游玩。 白泉生态保护项目占地222亩，以白泉为主体，通过科学探泉、生态修复、水系连通等举措，重现了"白 泉涌沙"古韵，为市民提供了一处集泉水保护、自然体验、野趣休闲于一体的生态空间。 白泉生态保护项目既是民生工程，也是民心工程。 济南号称泉城，在保泉护泉方面向来不遗余力。《济南市名泉保护总体规划（2023—2035年）（草 案）》明确提出，严格保护重点渗漏带，对泉群进行整体保护。白泉生态保护项目正是对这一规划要求 的呼应。 白泉属于典型的沙泉，泉眼位置会随着地下水层的变化而移动。20世纪六七十年代以来，随着东郊工业 区地下水开采量的增加，白泉停止喷涌，成了一片荒废的洼地。九十年代中期着手开发，挖成一个长约 百米、宽20米左右的水塘，尚有泉水出露，经年不涸，但水势已远不如以前。对白泉实施整体保护提 升，济南轨道交通集团白泉生态保护项目团队费了不少心思，最终创新性地提出"保水源、保路径、保 古韵"的修复策略，不仅成功找到了有文献记载的泉眼，而且发现了一些未有文 ...

证券日报网讯冠中生态（300948）8月20日在互动平台回答投资者提问时表示，2025年一季度，公司设 立了吉尔吉斯斯坦办事处，派驻市场人员深入拓展业务，承接实施了吉尔吉斯斯坦比什凯克市苗木采购 项目。 ...

北海综微环保科技有限公司，成立于2012年，位于北海市，是一家以从事生态保护和环境治理业为主的 企业。企业注册资本3000万人民币。通过天眼查大数据分析，北海综微环保科技有限公司参与招投标项 目490次，专利信息23条，此外企业还拥有行政许可20个。 广西北港不锈钢有限公司，成立于2013年，位于北海市，是一家以从事黑色金属冶炼和压延加工业为主 的企业。企业注册资本50000万人民币。通过天眼查大数据分析，广西北港不锈钢有限公司参与招投标 项目663次，专利信息40条，此外企业还拥有行政许可53个。 广西北海综红科技开发有限公司，成立于2011年，位于北海市，是一家以从事科技推广和应用服务业为 主的企业。企业注册资本5000万人民币。通过天眼查大数据分析，广西北海综红科技开发有限公司参与 招投标项目9次，专利信息19条，此外企业还拥有行政许可6个。 金融界2025年8月20日消息，国家知识产权局信息显示，广西北港新材料有限公司、广西北港金压钢材 有限公司、广西北港不锈钢有限公司、广西北海综红科技开发有限公司、北海综微环保科技有限公司取 得一项名为"中频炉用烧成砖及其制备方法和应用"的专利，授权公告号CN117 ...

Core Viewpoint - The company is actively engaging in the "Belt and Road" initiative, seeking opportunities in overseas markets, particularly in Central Asia [1] Group 1: Company Initiatives - The company has established close bilateral contacts and discussions with countries such as Uzbekistan, Kyrgyzstan, and Kazakhstan [1] - In the first quarter of 2025, the company set up an office in Kyrgyzstan and dispatched market personnel to expand its business [1] - The company has undertaken a tree procurement project in Bishkek, Kyrgyzstan [1] Group 2: Strategic Focus Areas - The company is exploring cooperation opportunities in areas such as overseas nursery construction, timber export trade, pest wood disposal, and ecological environment construction projects [1]

Group 1 - The core viewpoint of the news is that Beijing BWS Technology Co., Ltd. (碧水源) is experiencing a decline in financial performance, with significant decreases in revenue and net profit as of Q1 2025 [1] - As of August 19, 2025, the company's stock price is 4.68 yuan, down 0.43%, with a trading volume of 412,200 hands and a transaction amount of 193 million yuan [1] - The company's latest financial report shows total revenue of 1.591 billion yuan, a year-on-year decrease of 12.65%, and a net profit attributable to shareholders of 60.0416 million yuan, down 34.29% year-on-year [1] Group 2 - The company has a liquidity ratio of 0.888 and a quick ratio of 0.880, indicating potential liquidity challenges [1] - The asset-liability ratio stands at 62.63%, suggesting a relatively high level of debt compared to assets [1] - Beijing BWS has made investments in 318 companies and participated in 2,197 bidding projects, indicating active engagement in the market [2]