Group 1 - The core point of the news is that Hengyu Environmental Protection's stock price dropped by 5.14% to 27.85 CNY per share, with a trading volume of 136 million CNY and a turnover rate of 5.90%, resulting in a total market capitalization of 2.228 billion CNY [1] - Hengyu Environmental Protection, established on April 11, 2006, and listed on July 14, 2020, specializes in the research and development of organic waste pyrolysis technology and related equipment design, production, and sales [1] - The company's main business revenue composition includes: 59.59% from waste tire pyrolysis production lines, 22.33% from pyrolysis products and services, 14.52% from waste plastic pyrolysis production lines, 1.53% from sludge oil pyrolysis production lines, 1.39% from other pyrolysis production lines, and 0.64% from other supplementary sources [1] Group 2 - From the perspective of fund holdings, one fund under Zhongjia Fund has a significant position in Hengyu Environmental Protection, with the Zhongjia Specialized and New Quantitative Stock Selection Mixed Fund A (021990) holding 68,400 shares, accounting for 1.7% of the fund's net value, making it the fifth-largest holding [2] - The Zhongjia Specialized and New Quantitative Stock Selection Mixed Fund A (021990) was established on November 12, 2024, with a latest scale of 29.0192 million CNY and a year-to-date return of 57.52%, ranking 331 out of 8194 in its category [2] - The fund manager, Lin Muchen, has been in position for 2 years and 124 days, with the fund's total asset size at 27.3 million CNY, achieving a best return of 56.91% and a worst return of 7.13% during his tenure [3]

Core Viewpoint - Jinan Hengyu Environmental Protection Technology Co., Ltd. announced a correction to its 2024 annual report, stating that the corrections will not impact the company's financial status or operating results for the year [1][6]. Correction Details - The correction pertains to data entry errors found in the "Management Discussion and Analysis" section, specifically in the "Revenue and Cost Analysis" subsection [1]. - The corrected figures include a total cost of 90,093,027.47 yuan for the current period, which represents a 20.43% increase compared to the previous year's total cost of 74,811,359.24 yuan [5]. Cost Structure Analysis - Direct materials accounted for 72.27% of total costs in the current period, down from 80.97% in the previous year [6]. - Direct labor constituted 3.99% of total costs, an increase from 2.77% year-on-year [6]. - Manufacturing expenses represented 21.56% of total costs, compared to 15.29% in the previous year [6]. Product Cost Breakdown - For the waste tire pyrolysis production line, total costs were 46,611,417.59 yuan, which is a 5.17% increase from 44,318,135.37 yuan in the previous year [5]. - The cost of direct materials for the waste tire pyrolysis line decreased by 14.14% year-on-year [5]. - The total cost for the waste plastic pyrolysis line was 9,443,301.74 yuan, reflecting a 47.21% decrease from the previous year's 17,888,683.79 yuan [5]. Other Notes - The company emphasized that aside from the corrections, all other contents of the 2024 annual report remain unchanged and will not affect the total equity of the owners or the company's profitability [6]. - The updated report is available on the Shanghai Stock Exchange website, and the company expressed apologies for any inconvenience caused to investors [6].