Core Viewpoint - The audit report outlines the transitional profit and loss situation of Shaanxi Changling Electronic Technology Co., Ltd. from October 1, 2023, to March 31, 2025, detailing the company's historical background, capital structure changes, and the implications of recent equity transfers [1][2][5]. Company Background - Shaanxi Changling Electronic Technology Co., Ltd. was established in 2001, evolving from the state-owned Changling Machinery Factory founded in 1957, which was a key project during China's First Five-Year Plan [1]. - The company is a significant player in the military electronics sector, designated as a key backbone enterprise for the design, research, and production of military electronic products [1]. Capital Structure - The initial registered capital of the company was 416.2044 million yuan, which was later reduced to 348.2345 million yuan following a resolution by the shareholders [1]. - The current capital structure includes major shareholders such as China Huarong Asset Management Co., Ltd. (59.13%), China Construction Bank (11.86%), and others, totaling 421.4845 million yuan [2]. Equity Transfers - In 2013, a settlement agreement was reached regarding litigation over state funding, leading to a capital increase of 73.25 million yuan by Changling Industrial, adjusting its contribution to 88.6745 million yuan [2]. - The company underwent further equity adjustments, with significant transfers to Shaanxi Yinfeng Electronic Co., Ltd., resulting in a new ownership structure where Yinfeng holds 98.395% of the shares [4][6]. Financial Reporting Period - The transitional profit and loss statement covers the period from October 1, 2023, to March 31, 2025, and is based on the assumption of ongoing operations [5][6]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance with relevant regulations [5][7]. Accounting Policies - The company has established specific accounting policies and estimates based on its operational characteristics, with a fiscal year aligned with the calendar year [7]. - The company recognizes significant financial instruments and their valuation methods, including the treatment of foreign currency transactions and financial assets [19][20][23].

Group 1 - The core viewpoint emphasizes the importance of project construction and the development of advantageous industrial clusters to empower county economic growth [2] - A significant project in the Daluoling mining area has a total planned investment of 3.466 billion, expected to commence production by the end of this year, and aims to transform the traditional small-scale mining model into a more organized and sustainable approach [3] - The project is projected to produce 9.9 million tons of sand and gravel annually, generating an estimated annual output value of around 700 million [3] Group 2 - The "One Park, Three Areas, Two Centers" industrial layout in Tunchang includes a national-level integrated demonstration area and focuses on green low-carbon circular economy, new stone materials, and deep processing of timber [4] - The Tunchang Daitong Industrial Park has been operational since last year, providing environmental equipment manufacturing services to various cities, with plans for a second phase [4] - The wood processing factory in the Fucheng Industrial Park is expected to process nearly 40,000 cubic meters of timber annually, leveraging Hainan's resource advantages [4] Group 3 - Tunchang's business environment has improved significantly, with 38 agencies providing over 1,800 services, including measures for non-face-to-face approvals and simplified processing [5] - The county has implemented a closed-loop management mechanism to transition from passive to proactive service for enterprises, with 35 projects receiving assistance [6] - Innovative service models have been introduced to streamline project approvals, allowing for simultaneous land acquisition and construction commencement, thus accelerating project timelines [6]

Group 1 - The company will participate in the "2025 Shandong Listed Companies Investor Online Reception Day" to enhance interaction with investors, scheduled for May 15, 2025 [1] - Company executives will discuss the 2024 annual performance, corporate governance, development strategy, operational status, financing plans, equity incentives, and sustainable development during the event [1] Group 2 - The company’s wholly-owned subsidiary, Shandong Mining Huaneng Equipment Manufacturing Co., Ltd., will increase the registered capital of its holding subsidiary, Shandong Chengtong Forging Co., Ltd., from 20 million to 60 million RMB [2] - The capital increase will be proportionate among shareholders, with Huaneng Equipment contributing 31 million RMB, maintaining a 77.5% ownership stake [2] - This capital increase does not constitute a related party transaction or a major asset restructuring as per relevant regulations [2] Group 3 - Shandong Chengtong Forging Co., Ltd. has completed the business registration change and obtained a new business license, with a registered capital of 60 million RMB [4] - The company was established on June 16, 2005, and operates in various sectors including forging processing and manufacturing of coal mine machinery [4] Group 4 - The purpose of the capital increase is to enhance the financial strength and competitiveness of Chengtong Forging, supporting business expansion and aligning with the company's long-term strategic goals [4] - The capital increase will not affect the company's consolidated financial statements or significantly impact its current financial status and operational results [4]

安徽舜禹水务股份有限公司 招股意向书 创业板风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业 融合存在不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高 等特点，投资者面临较大的市场风险。投资者应充分了解创业板的投资风险 及本公司所披露的风险因素，审慎作出投资决定。 安徽舜禹水务股份有限公司 （AN HUI SHUN YU WATER CO.,LTD.） （安徽省合肥市长丰县双凤经济开发区淮南北路 8 号） 首次公开发行股票并在创业板上市 招股意向书 保荐人（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 安徽舜禹水务股份有限公司 招股意向书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由 发行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担股 ...