300422SZSE
🚨 Material Event

2025 Securities Prospectus for Issuance to Specific Targets (Registration Draft)

Boschke Co., Ltd.··165 pages

✨ AI Summary

Guangxi Bossco Environmental Protection Technology Co., Ltd. is issuing shares to specific targets to address ongoing operational losses and liquidity pressures. The company faces significant risks, including potential delisting due to negative net assets and uncertainty regarding the settlement of municipal engineering projects. Despite a recent increase in Q1 2026 revenue and profit, the company remains under substantial debt pressure and faces challenges in recovering long-term accounts receivable.

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Full Translation

AI Translation· gemini_document

Stock Abbreviation: Bossco

Stock Code: 300422

Guangxi Bossco Environmental Protection Technology Co., Ltd.

(No. 101 Gao'an Road, Nanning High-tech Zone)

2025 Securities Prospectus for Issuance to Specific Targets

(Registration Draft)

Sponsor (Lead Underwriter)

(Room 2004, 20th Floor, Dacheng International Building, No. 358 Beijing South Road, High-tech Zone (New Urban District), Urumqi, Xinjiang)

June 2026

Statement

The Company and all directors, members of the audit committee, and senior management warrant that this prospectus contains no false records, misleading statements, or major omissions, and assume legal responsibility for its authenticity, accuracy, and completeness.

The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting institution guarantee the authenticity and completeness of the financial and accounting data in this prospectus.

Any decision or opinion made by the CSRC or the exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false statement.

According to the provisions of the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings.

Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the securities are issued in accordance with the law.

Important Matters Notice

The Company specifically reminds investors to read the full content of this prospectus carefully before making investment decisions and to pay special attention to the following important matters and company risks.

The Company's 2026 first-quarter report was disclosed on April 24, 2026. In the first quarter of 2026, the Company achieved operating income of 582.0405 million yuan, a year-on-year increase of 123.78%, and realized a net profit attributable to shareholders of the listed company of 46.2651 million yuan, a year-on-year increase of 56.7022 million yuan. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 36.2332 million yuan, a year-on-year increase of 47.5764 million yuan. The change in the Company's overall operating performance is mainly due to two aspects: First, the increase in revenue and gross profit of the industrial sector. The Company continued to increase its development efforts in the industrial sector, which achieved operating income of 368.2504 million yuan, an increase of 386.77% over the same period last year, driving the increase in gross profit. Second, the reversal of asset impairment losses increased profits. The Company solidly promoted the special work of accounts receivable recovery, with a cumulative recovery of 606.9521 million yuan in the first quarter, an increase of 94.9185 million yuan over the same period last year. Based on this, the impairment loss reversal of 33.2536 million yuan in the first quarter thickened the current period's profit. The Company's 2026 first-quarter report did not involve major matters affecting this issuance, and the report has been disclosed on the information disclosure website designated by the CSRC. Investors are advised to pay attention to it.

I. Special Risk Warning

The Board of Directors of the Company specifically reminds investors to carefully read the content related to "Chapter 5 Risk Factors Related to This Issuance" in this prospectus and pay attention to investment risks. In particular, investors should pay attention to the following risks:

(I) Risk of continuous operating losses and uncertainty in continuous operations

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