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Core Viewpoint - Beijite (300774.SZ) has announced its first refinancing plan since its IPO nearly four years ago, aiming to raise up to 1.23 billion shares and a total of no more than 1 billion yuan for various projects related to its core business in industrial water treatment and resource utilization [1][2] Group 1: Financing and Investment Plans - The company plans to issue shares to no more than 35 specific investors, with the funds allocated to projects including water supply enhancement in Kashgar and wastewater treatment facilities [1] - This refinancing is significant as it marks the first time Beijite has sought additional funding since its IPO in July 2021, where it raised 1.87 billion yuan for an environmental materials project [2] Group 2: Business Performance and Challenges - Beijite's core business focuses on industrial water treatment and high-salinity wastewater resource utilization, serving sectors like coal and petroleum [1] - Despite the anticipated annual sales revenue of 700 million yuan and net profit of 182 million yuan from the IPO project, the actual performance in early 2024 and 2025 showed losses of 6.47 million yuan and 0.25 million yuan respectively, attributed to initial production challenges and rising raw material costs [2] - In Q1 2025, the company reported a revenue of 178 million yuan, a year-on-year increase of 24.62%, but net profit decreased by 36.98% to 16.29 million yuan, indicating a situation of increased revenue without corresponding profit growth [3] Group 3: Shareholder Actions - Recently, the controlling shareholder of Beijite, Quan Qiuhong, completed a share reduction, selling 12.26 million shares, which is 3% of the total share capital, for a total of approximately 93.69 million yuan [3]

方正证券承销保荐有限责任公司 关于江苏京源环保股份有限公司 方正证券承销保荐有限责任公司（以下简称"方正承销保荐"或"保荐机 构"）作为江苏京源环保股份有限公司（以下简称"京源环保"或"公司"） 持续督导之保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交 易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第1 号——规范运作》及《上市公司监管指引第2号——上市公司募集资金管理和使 用的监管要求》等有关法律法规规定，负责京源环保的持续督导工作，并出具 本持续督导跟踪报告。 一、持续督导工作情况 序号 工作内容 持续督导情况 保荐机构已建立健全并有效执 建立健全并有效执行持续督导工作制度，并针对 具体的持续督导工作制定相应的工作计划。 应的工作计划。 保荐机构已与京源环保签订承 根据中国证监会相关规定，在持续督导工作开始 销及保荐协议，该协议明确了双 前，与上市公司签署持续督导协议，明确双方在 持续督导期间的权利义务，并报上海证券交易所 务，并已报上海证券交易所备 备案。 案。 持续督导期间，按照有关规定对上市公司违法违 本持续督导期间，京源环保未发 规事项公开发表声明的，应于披露前向上 ...

Group 1: Business Performance and Market Conditions - In 2024, the chemical new materials business faced significant losses due to a slowdown in ethylene demand and high production costs, particularly from the naphtha cracking route [3] - The industrial water treatment business is projected to grow by 53.16% in 2024, driven by the advancement of the Qinghai salt lake resource project and other ongoing projects [5] - The company aims to improve profit margins in the chemical new materials sector by focusing on cost reduction and enhancing product quality [3] Group 2: Strategic Initiatives and Innovations - The company is accelerating investment and renovation projects, with the first phase of the Jieyang C4 and C5 project nearing completion, transitioning to production preparation [3] - The hazardous waste treatment business is developing advanced technologies for high-concentration organic wastewater, achieving high removal rates for pollutants [6] - The company is optimizing its carbon five hydrogenation and separation processes to enhance product yield and quality [6] Group 3: Future Development and Market Trends - The company plans to leverage its dual focus on chemical new materials and environmental protection to create synergies and reduce operational risks [5] - The industrial water treatment sector will benefit from stricter environmental regulations and increased government support for ecological initiatives [5] - The renewable energy business is exploring new applications for lithium resource extraction technologies, aiming for high-quality development [7]