公司由原北京科净源环宇科技发展有限公司全体股东共同作为发起人，以原 北京科净源环宇科技发展有限公司 2008 年 7 月 31 日为基准日的净资产值折股， 通过整体变更的方式发起设立，在北京市工商行政管理局登记注册，取得企业法 人营业执照。公司统一社会信用代码为 91110108802019598M。 公司于 2022 年 9 月 23 日经深圳证券交易所审核通过，于 2023 年 6 月 1 日 经中国证券监督管理委员会（以下简称"中国证监会"）同意注册，首次向社会公 众发行人民币普通股票 17,142,858 股，于 2023 年 8 月 11 日在深圳证券交易所上 市。 第一章 总则 第一条 为维护北京科净源科技股份有限公司（以下简称"公司"或"本公 司"）、股东和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和 国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》（以下简称"《证 券法》"）《深圳证券交易所上市公司自律监管指引第 2 号-创业板上市公司规范 运作》《深圳证券交易所创业板股票上市规则》《上市公司章程指引》和其他有 关法律、法规的规定，制订本章程。 第二条 公司系依照《公 ...

Core Points - The company held its 2024 annual shareholders' meeting on May 20, 2025, where it approved the profit distribution and capital reserve conversion plan for 2024, as well as the proposal to increase registered capital and amend the Articles of Association [1] - The company has completed the business registration change procedures as approved by the Changzhou Market Supervision Administration and has received its business license [1] Company Information - The company's unified social credit code is 91320400250842374C [1] - The name of the company is Jiangsu Seagull Cooling Tower Co., Ltd [1] - The company is classified as a joint-stock company (with investment from Hong Kong, Macau, and Taiwan) [1] - The registered capital is 308.751768 million RMB [1] - The company was established on November 12, 1993 [1] - The business scope includes research, development, design, manufacturing, installation, debugging, and sales of industrial cooling towers and water treatment equipment, as well as environmental protection equipment and water quality stabilizers [1]

Core Points - Jiangsu Seagull Cooling Tower Co., Ltd. is established as a joint-stock company to protect the rights and interests of shareholders and creditors, following relevant laws and regulations [2][3] - The company was registered in Changzhou and obtained its business license, with a registered capital of RMB 308,751,768 [2][3] - The company issued 22.87 million shares to the public and was listed on the Shanghai Stock Exchange on May 17, 2017 [2][3] Chapter Summaries General Provisions - The company is a permanent joint-stock company, with the chairman serving as the legal representative [3] - The company's assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [3] - The articles of association serve as a legally binding document for the company, shareholders, and management [3] Business Objectives and Scope - The company's business objectives include establishing a modern enterprise system, enhancing market competitiveness, and maximizing shareholder interests [4] - The business scope includes research, development, design, manufacturing, installation, and sales of industrial cooling towers and water treatment equipment, among other activities [4] Shares - The company's shares are in the form of stocks, with equal rights for each share [5] - The total number of shares is 308,751,768, all of which are ordinary shares [5] - The company can increase or decrease its registered capital according to legal procedures and shareholder resolutions [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise management, and transfer shares [11] - Shareholders must comply with laws and the company's articles of association, and they cannot abuse their rights to harm the company or other shareholders [14][15] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for convening and voting [45][46] - Shareholder meetings must be announced in advance, and all shareholders have the right to attend and vote [55][56] - Decisions at shareholder meetings require a majority or two-thirds majority vote, depending on the type of resolution [78][80]

Core Points - Jiangsu Seagull Cooling Tower Co., Ltd. has completed the registration and obtained a new business license following the approval of its 2024 profit distribution and capital increase plan at the annual shareholders' meeting held on May 20, 2025 [1][2] - The company has undergone changes in its registered capital and amended its articles of association as part of the business registration process [1] - The new business scope includes the debugging and sales of self-produced products, research and development of environmental protection equipment and water stabilizers, and domestic and international trade of industrial cooling towers and related equipment [1][2] Company Information - The company is now authorized to engage in the sale of hydrogen refueling and storage facilities, as well as the manufacturing and sales of gas and liquid separation and purification equipment [2] - The business activities are subject to relevant approvals from authorities where necessary [2]

Group 1: Logistics and Trade Development - The opening of the first scheduled Central Asia train from Chongqing marks a significant step in enhancing logistics and trade capabilities, with a focus on "land-sea linkage and four-way connectivity" [1] - The construction of the Western Land-Sea New Corridor has reduced the time for goods to reach coastal ports from over 20 days to under 10 days, saving over one million yuan annually in logistics costs [2] - In 2024, Chongqing is expected to transport 252,000 TEUs via the Western Land-Sea New Corridor, a 41% increase year-on-year, with a total value of 46.7 billion yuan, reflecting a 67% increase [3] Group 2: Foreign Trade and Investment - Chongqing's total foreign trade value reached 165.14 billion yuan in the first quarter, showing a year-on-year growth of 4.1% [4] - The city is focusing on improving trade structure and expanding exports of new products, with a specific emphasis on the "Yuchai going global" initiative [5] - The establishment of over 300 Fortune 500 companies in Chongqing highlights the city's strong foreign investment environment, with significant projects underway in various sectors [6][7] Group 3: Open Environment and Internationalization - Chongqing is enhancing its international consumption center status, attracting foreign tourists and promoting inbound tourism through policies like the 240-hour visa-free transit [8] - The city is actively improving its international infrastructure, including hospitals and schools, to attract global resources and enhance its international influence [9] - The establishment of legal advisory centers for the Western Land-Sea New Corridor aims to assist businesses in navigating complex legal environments, further supporting international trade [9]

Core Viewpoint - Fangshan District in Beijing is rapidly developing high-tech industries, focusing on new materials, new energy, medical health, and intelligent manufacturing as part of its modern industrial system [1][3]. Group 1: Company Highlights - Beijing Aoyi Shikong Liquid Crystal Technology Co., Ltd. is a key player in the liquid crystal materials sector, serving as the only strategic supplier for BOE in display liquid crystal materials [4][8]. - The company holds approximately 20% of the global market share in liquid crystal materials, with one in four liquid crystal TVs worldwide utilizing its products [9][12]. - Aoyi Shikong's revenue for 2024 is projected to be 737 million yuan, with a net profit of 76.6 million yuan [12]. Group 2: Industry Development - Fangshan District has seen a rapid increase in innovative small and medium-sized enterprises, with 92 new "specialized, refined, characteristic, and innovative" SMEs added in 2024, bringing the total to 244 [3]. - The district plans to enhance support for private enterprises in finance, taxation, and talent development, aiming to boost competitiveness and encourage technological innovation [3]. Group 3: Technological Innovations - Beijing Ketaixingda High-tech Co., Ltd. specializes in water treatment and membrane separation technologies, contributing significantly to drinking water safety for rural communities [16][22]. - The company has developed proprietary technologies for treating various types of contaminated water, filling industry gaps and ensuring safe drinking water for over 200 million residents [19][22]. - Beijing Hangjing Innovation Technology Co., Ltd. focuses on large-load drones, producing 300 units annually for applications in disaster response and emergency services [25][31]. Group 4: Future Prospects - The low-altitude economy is expected to grow rapidly, with significant support for eVTOL technology development, indicating a promising future for the drone manufacturing sector [27]. - Hangjing Innovation's FWH-3000 drone is recognized as the largest payload drone platform in China, capable of carrying up to 1000 kg, which enhances logistics and emergency response capabilities [30].

Core Viewpoint - Hangzhou Chuhuan Technology Co., Ltd. reported a decline in key financial indicators such as operating revenue and net profit for the year 2024, despite a significant increase in net cash flow from operating activities, indicating a complex financial situation [1][3]. Revenue Analysis - In 2024, the company's operating revenue was 401,749,859.13 yuan, a decrease of 12.22% from 457,700,934.95 yuan in 2023 [2]. - The revenue from specialized equipment manufacturing was 351,391,896.27 yuan, accounting for 87.47% of total revenue, down 11.53% year-on-year [2]. - Other business revenues decreased by 16.78%, totaling 50,357,962.86 yuan, which represents 12.53% of total revenue [2]. - The revenue from air pollution control equipment, the main source of income, was 351,391,896.27 yuan, down 11.53% [2]. - Water treatment equipment revenue saw a significant decline of 53.94%, amounting to 20,419,532.67 yuan [2]. - Revenue from equipment maintenance and operation services increased by 9.16%, totaling 17,458,769.66 yuan [2]. - Energy business revenue surged by 2,915.74%, reaching 953,744.20 yuan, although it remains a small portion of total revenue [2]. Profitability Analysis - The net profit attributable to shareholders was 28,332,057.30 yuan, a decrease of 25.31% from 37,934,817.25 yuan in 2023 [4]. - The net profit excluding non-recurring gains and losses was 22,898,989.93 yuan, down 27.42% year-on-year [4]. - The decline in net profit was attributed to reduced operating revenue and insufficient control over costs and expenses [4]. - Non-recurring gains and losses totaled 5,433,067.37 yuan, which included government subsidies and investment income, partially mitigating the decline in net profit [4]. Earnings Per Share - Basic earnings per share were 0.35 yuan, down 25.53% from 0.47 yuan in 2023 [5]. - The diluted earnings per share, excluding non-recurring gains and losses, were 0.29 yuan, reflecting a decrease of 27.42% [5]. Expense Analysis - Sales expenses for 2024 were 28,583,279.56 yuan, a slight decrease of 2.12% from 29,202,506.34 yuan in 2023 [6]. - Management expenses were stable at 45,975,088.99 yuan, only a minor decrease of 0.37% [6]. - Financial expenses were -972,017.11 yuan, indicating effective management of interest income and expenses [6]. - R&D expenses decreased by 3.91% to 25,691,295.76 yuan, with ongoing projects in air pollution control [6]. R&D Personnel - The number of R&D personnel decreased by 26.60% to 69, representing 19.27% of the total workforce, down from 25.82% in 2023 [7][8]. Cash Flow Analysis - Net cash flow from operating activities was 52,241,467.32 yuan, a significant increase of 376.78% from 10,957,229.27 yuan in 2023 [9]. - Cash inflow from investment activities increased by 27.91%, while cash outflow rose by 59.36%, leading to a net cash flow of -180,354,167.59 yuan from investment activities [9]. - Cash inflow from financing activities decreased by 28.81%, while cash outflow increased by 17.15%, resulting in a net cash flow of 2,329,751.01 yuan, down 87.81% [9]. Summary - Hangzhou Chuhuan Technology Co., Ltd. faces challenges with declining revenue and net profit, but improved operating cash flow provides some support for its operations. The company must address various risks, optimize cost management, and strengthen its R&D and talent strategies to enhance profitability and competitiveness [10].