另一方面，控制权的稳定亦为ST先河的发展奠定了坚实基础。今年7月，公司创始人李玉国向现任董事 长姚国瑞实控的智新达能转让5.84%股份，完成过户后智新达能持股比例增至12.94%，成为控股股东。 姚国瑞通过间接持股及一致行动安排实际控制公司表决权达15.37%，控制权进一步巩固。在9月的业绩 说明会上，公司表示将聚焦主营业务，培育多元化增长引擎。 12月4日晚间，环保监测龙头企业——ST先河（300137.SZ）发布重磅公告，公司股票将于12月5日停牌 一天后，于12月8日开市起正式撤销其他风险警示，证券简称恢复为"先河环保"，股票交易日涨跌幅限 制保持20%不变。截至12月4日收盘，先河环保股价报8.04元/股，总市值达43.14亿元。 对此，专业人士指出，此次成功"摘帽"，标志着公司历时一年的合规整改取得实效，叠加稳健的经营业 绩与稳定的控制权结构，先河环保有望开启发展新篇章。 2024年11月，ST先河股票被实施其他风险警示。全景网了解到，为消除合规风险，公司于2025年2月完 成前期会计差错更正及追溯调整，聘请利安达会计师事务所出具专项审核报告，并严格履行信息披露义 务。截至2024年11月，行政处罚 ...

Group 1 - The company ST Xianhe announced that its stock will be suspended from trading on December 5 and will resume trading on December 8, with the stock name changing from "ST Xianhe" to "Xianhe Environmental" [2] - The company received an administrative penalty notice from the Hebei Securities Regulatory Bureau on November 8, 2024, indicating that its 2022 annual report contained false records, leading to a risk warning on its stock starting November 12, 2024 [2] - The company has developed into a comprehensive service provider in environmental monitoring, management, and governance, offering products and services such as ecological environment monitoring and big data analysis [3] Group 2 - For the first three quarters of 2025, ST Xianhe reported revenue of 628 million yuan, a year-on-year increase of 4.71%, and a net profit attributable to shareholders of 5.5342 million yuan, up 2.68% year-on-year [4] - As of December 4, the stock price of ST Xianhe was 8.04 yuan per share, with a market capitalization of 4.3 billion yuan [4]

Core Viewpoint - The company is focusing on the development of integrated circuit testing services and is optimistic about future growth opportunities in the context of new government policies supporting the measurement industry [2][4]. Group 1: Business Development - The company has established advanced packaging testing services and is investing in technology research and development in this area, maintaining a stable growth trajectory [2]. - The company is actively involved in integrated circuit testing, providing services across various stages including design, wafer manufacturing, packaging, and component application [2]. - The recent government policy, "Measurement Support for New Quality Productivity Development Action Plan (2025-2030)," is expected to positively impact the measurement industry, providing a supportive framework for technological innovation and compliance [2]. Group 2: Order and Revenue Outlook - The company reports stable growth in overall orders, with expectations for continued stability in the third quarter despite concerns about potential revenue slowdowns due to order delays [3][4][14]. - The visibility of orders in the third quarter is anticipated to remain stable, with no significant downturn in demand from key downstream industries such as aerospace [4][14]. Group 3: Environmental and Carbon Management Services - The company offers a range of environmental services related to carbon footprint certification and green testing, catering to government departments and enterprises [6]. - The team responsible for carbon management services consists of experienced engineers with qualifications in greenhouse gas verification, indicating a strong capability in this area [6]. Group 4: Market Activity and Stock Performance - As of July 24, the company's stock closed at 17.44 yuan, with a slight increase of 0.81%, and a trading volume of 65,300 shares, amounting to a turnover of 114 million yuan [1]. - On the same day, the net inflow of funds from retail investors was 336.96 million yuan, while institutional investors saw a net inflow of 146.71 million yuan, indicating mixed market sentiment [16].