Core Viewpoint - Anhui Huaki Environmental Technology Co., Ltd. (referred to as "Huaki Environmental" or "the company") successfully completed its initial public offering (IPO) and was listed on the ChiNext board on January 20, 2021, with Guoyuan Securities Co., Ltd. serving as the sponsor and responsible for ongoing supervision until December 31, 2024 [1][2]. Group 1: Company Overview - The company is located in the Ma'anshan Economic and Technological Development Zone, with its main office at Huaki Building, No. 271, Meishan Road [2]. - The legal representative of the company is Wang Jian, and the actual controller is Anhui University of Technology [2]. Group 2: Sponsorship and Supervision - Guoyuan Securities conducted due diligence during the recommendation phase, ensuring compliance with relevant laws and regulations, and successfully completed the sponsorship work [3][5]. - During the ongoing supervision phase, the sponsor monitored the company's compliance with operational norms, commitments, and information disclosure obligations [3][5]. Group 3: Financial Performance - The company reported a revenue of 350.57 million yuan in the previous year, a decrease of 18.42% year-on-year, and a net profit attributable to shareholders of 6.48 million yuan, down 85.21% [4]. - For the year 2024, the company expects to achieve a revenue of 279.42 million yuan, a decline of 20.30%, with a projected net loss of 41.73 million yuan [4]. Group 4: Project Updates - The "Intelligent Sewage Treatment Equipment Industrialization Project" is expected to reach its usable state by April 30, 2024, but the actual benefits post-production are projected to be -5.25 million yuan, significantly below the expected 13.95 million yuan due to market changes and delayed order deliveries [4].

Core Viewpoint - The major shareholders of Huaji Environmental Protection plan to reduce their holdings, indicating potential concerns about the company's performance and market position [1][4]. Shareholder Reduction Plan - Huaji Environmental Protection announced that its major shareholders, Liu Guangchun and Lan Ping, plan to reduce their holdings by up to 1,321,300 shares, which is approximately 1% of the total share capital [1]. - Liu Guangchun holds 3,346,426 shares (2.53% of total shares), while Lan Ping holds 264,000 shares (0.20% of total shares) [1]. Financial Performance - The company is expected to report a net loss of between 30 million to 45 million yuan for the year 2024, a significant decline compared to a profit of 648.09 million yuan in the previous year [5]. - The net profit after excluding non-recurring items is projected to be a loss of 31 million to 46 million yuan, compared to a loss of 675.68 million yuan in the previous year [5]. Historical Context - Huaji Environmental Protection was listed on the Shenzhen Stock Exchange on January 20, 2021, with an initial public offering price of 13.87 yuan per share [2]. - The stock reached a peak price of 53.45 yuan on its first trading day but has since experienced a decline [3]. - The company raised a total of 286 million yuan during its IPO, with a net amount of 237 million yuan after deducting issuance costs [3].