证券代码：301288 证券简称：*ST 清研 清研环境科技股份有限公司 投资者关系活动记录表 编号：2025-002 | | 答：尊敬的投资者，您好！感谢您的大力支持。公司依据发展 | | --- | --- | | | 战略，全力抓好经营管理，提升运营效率，同时不断寻求对外合作 | | | 及投资机会，多措并举，提高风险控制水平，确保公司的可持续发 | | | 展，切实保障投资者的权益。川南页岩气钻井废水治理项目（一期） | | | 目前正在建设中。具体的业绩和项目情况届时请关注公司后续披露 | | | 的公告。感谢您对本公司的关注。 | | | 4. 公司股价有没有被人为操控？ | | | 答：尊敬的投资者，您好！公司严格按照上市公司相关规则规 | | | 范运作。感谢您对本公司的关注。 | | 关于本次活动是 | | | 否涉及应披露重 | 本次活动不涉及未公开披露的重大信息。 | | 大信息的说明 | | | 附件清单 无 | | | （如有） | | | 日期 | 2025年11月20日 | 投资者关系活动 类别 ☐ 特定对象调研 ☐ 分析师会议 ☐ 媒体采访 ☐ 业绩说明会 ☐ 新闻发布会 ☐ ...

Group 1 - The core point of the article highlights the recent decline in the stock price of Beijing High Energy Environment Technology Co., Ltd., which fell by 5.12% to 6.86 CNY per share, with a trading volume of 1.67 billion CNY and a turnover rate of 1.57%, resulting in a total market capitalization of 10.449 billion CNY [1] - The company, established on August 28, 1992, and listed on December 29, 2014, specializes in solid waste pollution prevention technology research and application, providing solutions and engineering contracting services in various fields including waste treatment and environmental restoration [1] - The revenue composition of the company is as follows: 77.68% from hazardous waste resource utilization, 13.49% from environmental operation services, and 8.83% from environmental engineering [1] Group 2 - From the perspective of fund holdings, one fund under the Fuguo Fund has a significant position in High Energy Environment, with the Fuguo CSI 1000 Index Enhanced (LOF) A (161039) holding 883,300 shares, accounting for 0.54% of the fund's net value, ranking as the eighth largest holding [2] - The Fuguo CSI 1000 Index Enhanced (LOF) A (161039) has a current scale of 780 million CNY and has achieved a year-to-date return of 27.84%, ranking 1630 out of 4208 in its category, with a one-year return of 25.66%, ranking 1416 out of 3972 [2] Group 3 - The fund managers of Fuguo CSI 1000 Index Enhanced (LOF) A (161039) are Xu Youhua and Fang Min, with Xu having a tenure of 14 years and 197 days and a total fund asset scale of 7.107 billion CNY, achieving a best return of 212.15% during his tenure [3] - Fang Min has a tenure of 11 years and 6 days, managing a total fund asset scale of 24.704 billion CNY, with a best return of 218.08% during his tenure [3]

Core Viewpoint - The actual controllers of Sains Environmental Co., Ltd. have agreed to extend the validity of the "Joint Action Agreement" for an additional 18 months to ensure stable control and governance of the company [1][3]. Group 1: Background of the Agreement - The "Joint Action Agreement" was originally signed on June 17, 2017, and was set to expire on November 24, 2025, coinciding with the company's initial public offering [1][3]. - The actual controllers, Gao Weirong, Gao Liangyun, and Gao Shihui, hold a combined 34.14% of the company's shares, ensuring their status as actual controllers [2]. Group 2: Main Content of the Agreement - The supplementary agreement extends the original agreement's validity by 18 months from the expiration date [3]. - The rights and obligations of the parties remain unchanged except for the extension of the agreement's duration [3][4]. Group 3: Impact on the Company - The extension of the "Joint Action Agreement" does not change the actual control of the company, which remains with Gao Weirong, Gao Liangyun, and Gao Shihui [5]. - This extension is expected to maintain the continuity and stability of the company's development strategy and management policies, without adversely affecting daily operations or harming the interests of minority investors [5].

Core Viewpoint - The company plans to issue up to 2.5 billion yuan in perpetual corporate bonds, pending approval at the 2024 annual shareholders' meeting, to primarily repay interest-bearing debts and supplement working capital [1] Group 1 - The registration process for the bond issuance is currently underway [1] - The funds raised will be used according to the specific purposes outlined in the pre-issuance fundraising prospectus [1] - The company aims to conduct financing planning based on project construction and operational funding needs, utilizing a one-time registration with either single or phased issuance as required [1]

Core Viewpoint - 京源环保 reported a revenue increase of 17.45% in the first nine months of 2025, but still faced net losses, indicating ongoing financial challenges despite revenue growth [1] Financial Performance - For the first nine months of 2025, 京源环保 achieved a revenue of 323 million yuan, a year-on-year increase of 17.45% [1] - The net profit attributable to shareholders was -3.79 million yuan, an improvement from -9.73 million yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -5.22 million yuan, compared to -13.72 million yuan in the previous year [1] - The net cash flow from operating activities was 14.71 million yuan [1] Future Projections - In 2023 and 2024, 京源环保 is projected to achieve revenues of 396 million yuan and 476 million yuan, respectively [2] - The net profit attributable to shareholders for 2023 and 2024 is expected to be -29.23 million yuan and -24.73 million yuan, respectively [2] - The net profit after deducting non-recurring gains and losses for the same years is projected to be -44.16 million yuan and -31.09 million yuan [2] - The net cash flow from operating activities is expected to be -88.55 million yuan in 2023 and 3.85 million yuan in 2024 [2] Capital Raising Activities - 京源环保 raised a total of 71.72 million yuan through two rounds of fundraising, including an IPO and a convertible bond issuance [3] - The IPO raised 384.74 million yuan, with a net amount of 34.27 million yuan after expenses [2][3] - The company issued 332,500 convertible bonds in 2022, raising 33.25 million yuan, with a net amount of 32.80 million yuan after expenses [3] Stock Performance - 京源环保's stock was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 9, 2020, with an initial price of 14.34 yuan per share [2] - The highest price recorded on the first trading day was 33.00 yuan [2] Shareholder Actions - On June 2, 2023, 京源环保 announced a stock bonus of 4 shares for every 10 shares held and a pre-tax dividend of 1.5 yuan [3] - A similar action was announced for July 9, 2025, with the same terms [3]

Meeting Overview - The first extraordinary general meeting of shareholders for 2025 was held on November 19, 2025, at the company's office in Wenzhou, Zhejiang Province [2] - The meeting was conducted with a combination of on-site and online voting, presided over by the chairman of the board, Mr. Xiang Guangming [2][3] Attendance - Out of 9 current directors, 6 attended the meeting, while all 3 supervisors were present [3] - The board secretary and other senior executives also attended the meeting [3] Resolutions Passed - A resolution to increase the number of board seats, abolish the supervisory board, change registered capital, and amend the Articles of Association was approved [4] - Several governance documents were approved, including rules for board meetings, shareholder meetings, fundraising management, external guarantee management, related party transaction management, independent director work system, and external investment and financing management [5][6] - The election of an independent director for the seventh board was also approved [6] Legal Verification - The meeting was witnessed by lawyers from Guohao Law Firm, confirming that the meeting's procedures and resolutions complied with relevant laws and regulations [7] Employee Director Election - The company held an employee representative meeting on November 19, 2025, where Ms. Li Yuyan was elected as an employee representative director, replacing Ms. Wang Heping [10] - Ms. Li meets the qualifications required by laws and regulations for a director [10] Convertible Bond Redemption Conditions - The company indicated that from November 5 to November 19, 2025, its stock price closed above 130% of the conversion price for ten consecutive trading days [14] - If the stock price remains above 130% of the conversion price for five trading days within the next nineteen days, it will trigger the conditional redemption clause for the "Wei 24 Convertible Bond" [21] Convertible Bond Issuance Details - The company issued 2.85 million convertible bonds with a total value of 285 million yuan, with a maturity of six years and a tiered interest rate structure [15][16] - The initial conversion price was set at 18.28 yuan per share, adjusted to 17.55 yuan per share as of June 6, 2025 [17] Board Meeting Decisions - The board meeting on November 19, 2025, approved the election of Mr. Xiang Guangming as the representative director and legal representative of the company [26] - The board also approved the establishment of an audit committee, replacing the supervisory board, with Ms. Li Mochou as the chairperson [28]

Group 1 - The core viewpoint of the news is that Tongxing Technology's stock has seen a significant increase of 6.56%, reaching a price of 24.54 CNY per share, with a total market capitalization of 3.208 billion CNY [1] - Tongxing Technology specializes in providing comprehensive solutions for ultra-low emissions in non-electric industrial sectors, including steel, coking, and building materials [1] - The company's main revenue sources are from flue gas treatment projects and equipment (61.32%), catalysts (38.26%), and other supplementary products (0.30%) [1] Group 2 - Among the top circulating shareholders of Tongxing Technology, a fund under China Merchants Fund, specifically the China Merchants Quantitative Selected Stock Fund A (001917), has entered the top ten with 1.18% of the circulating shares [2] - The China Merchants Quantitative Selected Stock Fund A has achieved a year-to-date return of 34.98% and ranks 1131 out of 4208 in its category [2] - The fund manager, Wang Ping, has a tenure of over 15 years and has managed assets totaling 21.247 billion CNY, with the best fund return during his tenure being 272.68% [3]

Core Viewpoint - The company, Energy National Zhen, has received a loan commitment letter from CITIC Bank's Hefei branch for a stock repurchase program, indicating a strategic move to enhance shareholder value [2] Group 1: Loan Details - The loan amount is capped at RMB 90 million [2] - The purpose of the loan is specifically for the repurchase of the company's stock [2] - The borrowing term is set for a maximum of 3 years, with the commitment letter valid for 1 year from the date of issuance [2]

Group 1 - The company is currently collaborating with research institutions and design units in the chemical sector to study the updates and upgrades of SAF (Sustainable Aviation Fuel) equipment and technology [2] - Future capacity deployment and business expansion will be cautiously planned based on supply-demand and price assessments [2] - The company aims to steadily advance its business layout [2]

（文章来源：证券日报） 证券日报网讯 11月19日晚间，伟明环保发布公告称，公司于2025年11月19日召开职工代表大会，经与 会职工代表审议，同意汪和平女士不再担任第七届监事会职工代表监事，选举李玉燕女士为第七届董事 会职工代表董事。 ...