Group 1 - The frequency of IPO review meetings at the Beijing Stock Exchange has significantly increased since Q4 2025, focusing on nurturing specialized and innovative hard-tech enterprises, which has accelerated the listing plans of several New Third Board companies [1] - In the first week of February 2026, over ten New Third Board companies completed the filing for listing guidance at the Beijing Stock Exchange, with some companies not yet in the innovation layer and having been listed for less than 12 months [1] - Tian Nan Power, a national-level specialized "little giant" enterprise, reported audited net profits of 77.60 million yuan and 127 million yuan for 2023 and 2024 respectively, with weighted average return on net assets of 14.67% and 22.21%, meeting the financial requirements for listing at the Beijing Stock Exchange [1] Group 2 - Bao Yin Special Materials, also a national-level specialized "little giant," focuses on the R&D and production of special pipes for nuclear power and aerospace, reporting audited net profits of 78.19 million yuan and 88.71 million yuan for 2023 and 2024, with average returns of 7.02% and 7.34%, which do not meet the listing requirements [2] - Yong Zhi Co., listed on the New Third Board on January 29, specializes in semiconductor chip packaging materials, with audited net profits of 2.48 million yuan and 60.09 million yuan for 2023 and 2024, and average returns of 0.60% and 13.27% [2] - Chao Pai New Materials, which has entered the innovation layer, focuses on the resource utilization of coal gangue solid waste, reporting audited net profits of 37.23 million yuan and 49.56 million yuan for 2023 and 2024, with average returns of 8.62% and 10.80% [2] Group 3 - Several New Third Board companies have adjusted their listing plans this year, shifting their guidance filings to the Beijing Stock Exchange, including Shen Da Wei, which changed its listing plan from the Shenzhen Stock Exchange to the Beijing Stock Exchange [3] - Lin Quan Co. announced on February 2 that it would adjust its listing plan from the Shenzhen Main Board to the Beijing Stock Exchange, while Jing Bo Agricultural Science also shifted its plan from the Shanghai Main Board to the Beijing Stock Exchange [3] - Other companies such as Hong Yi Precision, Quan Sheng Cabin, Cheng Feng New Materials, and Di Sheng Technology have also transitioned to the Beijing Stock Exchange listing track [3]

Group 1 - The new Xinhai Steel Building has been completed in Haikou, serving as a new platform for industrial services and will be open to the market [2] - The building, located at 122 Haixiu Middle Road, Longhua District, Haikou, has a total investment of approximately 250 million yuan and a total construction area of about 31,000 square meters, consisting of 21 floors above ground and 3 underground [2] - The completion of the building marks a significant step for Xinhai Steel Group in its transformation and upgrading efforts, contributing to the high-quality development and industrial platform construction [2] Group 2 - The building is positioned as a modern business office complex, integrating office space, business services, and supporting functions, with ongoing industrial investment and enterprise connection efforts [2] - The platform aims to attract enterprises and service institutions related to the industrial chain, facilitating collaboration and resource connection within the free trade port [2] - Since the 14th Five-Year Plan, Xinhai Steel Group has focused on green development, achieving significant progress in resource utilization, green building materials, regional development, and industrial investment [2] Group 3 - Xinhai Steel Group's total assets have increased from 5.931 billion yuan to 12 billion yuan, doubling in size [3] - The total investment has grown nearly fourfold from 4.548 billion yuan, while operating income has surged from 359 million yuan to 3.725 billion yuan, nearly a tenfold increase [3] - Over the past five years, the company has contributed nearly 2.2 billion yuan to local financial resources, showcasing its strong operational performance [3]

Core Viewpoint - The article discusses the VAT tax refund policy for the production of fiberboard using agricultural residues, which has been effective since March 1, 2022, allowing a 90% VAT refund for certain products made from specified raw materials [3]. Group 1: Tax Policy Details - The policy applies to products made from at least 95% of specified raw materials, including agricultural residues like straw and corn cobs [4]. - Taxpayers must obtain VAT invoices from sellers for recycled resources purchased domestically; if the seller cannot issue invoices, alternative documentation is required [5]. - The calculation for sales revenue not eligible for the VAT refund is based on the proportion of unverified resource costs to total resource costs [6]. Group 2: Compliance Requirements - Products must not fall under categories deemed as eliminated or restricted by the relevant regulatory bodies, ensuring they are not classified as high pollution or high environmental risk [6]. - If the recycled resources include hazardous waste, a license from environmental authorities is required [7]. - Taxpayers must maintain a detailed record of recycled resource purchases, including supplier information and invoice status [10]. Group 3: Application Conditions - Taxpayers must not have a credit rating of C or D and should not have faced penalties related to environmental or tax laws in the six months prior to applying for the VAT refund [9].

Core Viewpoint - The company is preparing to conduct full-load feed testing for its 200,000 tons/year mixed waste plastic resource utilization project, which is currently dependent on external natural gas supply [1] Group 1 - The natural gas supply for the project is currently provided by an external supplier [1] - The supplier's natural gas delivery pipeline is undergoing maintenance, leading to adjustments in the supply schedule [1] - The company will closely monitor the pipeline maintenance progress to ensure the smooth advancement of the project and expects to conduct full-load testing in the near future [1]

Core Viewpoint - The company is currently collaborating with a third party to conduct a full lifecycle carbon accounting for its 200,000 tons/year mixed waste plastic resource utilization project, with specific carbon emission data to be disclosed after the assessment is completed [1] Group 1 - The company has been asked about the initiation of carbon emission lifecycle assessment for its mixed waste plastic resource utilization project [1] - The company is in the process of conducting carbon accounting in partnership with a third party [1] - Detailed carbon emission data will be disclosed upon completion of the assessment [1]

Core Viewpoint - Huicheng Environmental Protection (300779.SZ) has received environmental and energy assessment approvals for its 200,000 tons/year mixed waste plastic resource utilization project, confirming compliance with regulatory requirements and proper disclosure practices [2] Group 1 - The project is categorized under technological transformation and upgrade, ensuring that it does not evade approval processes under the guise of "technological reform" [2] - The company emphasizes its commitment to compliance in all operations, adhering to approval procedures and information disclosure obligations [2]

Core Viewpoint - Fuchun Environmental (002479) is actively monitoring market opportunities arising from the rapid economic development in Southeast Asia, particularly in the field of metal resource utilization [1] Group 1: Market Opportunities - The company recognizes the potential for growth in the Southeast Asian region due to its economic development [1] - Fuchun Environmental is assessing the development potential and industrial layout value in the metal resource utilization sector within this region [1] Group 2: Company Capabilities - The company has established a mature technical system and possesses rich operational experience in the field of metal resource utilization [1] - Fuchun Environmental plans to leverage its core advantages while conducting a comprehensive and prudent evaluation of overseas business expansion [1] Group 3: Future Plans - The company will conduct market research and assessments in line with its development strategy and business planning, considering the actual conditions of overseas markets [1] - Any substantial progress in overseas business will be disclosed in accordance with regulatory requirements [1]

Core Viewpoint - Huicheng Environmental Protection announced the development of a 200,000 tons/year mixed waste plastic resource utilization project, which serves both industrial and experimental purposes. The company plans to advance the construction of a 600,000 tons/year industrial facility to enhance resource utilization efficiency and scale benefits [1]. Group 1 - The current project has a capacity of 200,000 tons/year for mixed waste plastic [1] - The company aims to build a larger facility with a capacity of 600,000 tons/year [1] - The new facility is part of the company's overall strategic layout and technological progress [1]

Group 1 - The core point of the article is that Dongyue Chemical's 200,000 tons per year waste plastic cracking facility is currently undergoing a feed system technical upgrade, while the hydrogenation unit's upgrade will not require a shutdown [2] - The hydrogenation unit's technical upgrade is progressing as planned without the need for a shutdown [2]

Core Viewpoint - The company, ChaoYue Technology (301049.SZ), has received a high-tech enterprise certificate from the Anhui Provincial Department of Industry and Information Technology, the Anhui Provincial Department of Finance, and the State Taxation Administration of Anhui Province, confirming its re-certification as a high-tech enterprise [1] Group 1 - The certificate number for the high-tech enterprise recognition is GR202534000464, and the issuance date is October 28, 2025 [1] - The re-certification is a result of the expiration of the company's previous high-tech enterprise certificate [1] - Following the recognition as a high-tech enterprise, the company will enjoy relevant tax benefits under national policies, specifically a corporate income tax rate of 15% for three consecutive years [1]