嘉澳环保8月25日股价报66.55元，较前一交易日下跌0.45%。当日开盘价为66.85元，最高触及67.97元， 最低下探64.50元，成交量为32030手，成交金额达2.12亿元。 资金流向数据显示，8月25日嘉澳环保主力资金净流出1246.83万元，近五个交易日累计净流出3376.89万 元。 该公司属于化学制品行业，主营业务涉及环保型增塑剂及稳定剂等化工产品的研发、生产和销售。作为 浙江地区企业，嘉澳环保在环保材料领域具有一定市场地位。 消息面上，中共中央办公厅、国务院办公厅近日发布关于推进绿色低碳转型加强全国碳市场建设的意 见。该政策明确到2027年将基本覆盖工业领域主要排放行业，到2030年建成与国际接轨的碳交易市场。 有分析指出，这一政策可能为生物质燃料及生物柴油相关企业带来发展机遇。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 ...

Core Viewpoint - Zhejiang Jiaao Environmental Protection Technology Co., Ltd. (Jiaao Environmental, 603822.SH) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact its operational stability and investor confidence [1][3]. Group 1: Regulatory Issues - Jiaao Environmental has previously faced regulatory penalties, including a warning and a fine of 1 million yuan from the Zhejiang Securities Regulatory Bureau for false disclosures related to its financial reports from 2019 to 2020 [6]. - The company failed to consolidate certain subsidiaries and did not properly offset transactions, leading to inflated revenue and costs in multiple financial reports [4][5]. Group 2: Financial Performance - The company's financial performance has been under pressure, with revenues declining from 12.30 billion yuan in 2020 to an estimated 12.74 billion yuan in 2024, reflecting a year-on-year decrease of 16.98% in 2023 and 52.23% in 2024 [9]. - Net profits have shown a continuous loss over three years, with figures of 0.40 billion yuan, 1.03 billion yuan, -0.46 billion yuan, -0.05 billion yuan, and -3.73 billion yuan from 2020 to 2024 [9]. Group 3: Debt and Market Position - The company's debt-to-asset ratio has been increasing, reaching 61.35% in 2022 and projected to be 80.45% in 2024 [10]. - Despite the financial struggles, the company's stock price has remained above 40 yuan since 2025, with a closing price of 50.54 yuan as of June 24, 2023, indicating no immediate risk of delisting based on market value [10]. Group 4: Delisting Risks - Recent changes in the delisting rules by the Shanghai and Shenzhen Stock Exchanges have broadened the scope for mandatory delisting due to serious violations, which could pose a significant risk for Jiaao Environmental if further violations are confirmed [11].