华设集团披露2025年度日常关联交易及2026年度预计日常关联交易报告
Huasheng Design Group Discloses 2025 Related Party Transactions and 2026 Forecasts

一、报告要点摘要

• 华设设计集团股份有限公司（以下简称“华设集团”）发布了2025年度日常关联交易实际情况以及2026年度日常关联交易的预计情况，相关议案需提交股东大会审议，关联股东需回避表决。
• 所有关联交易均在自愿、平等、互惠互利、公平公允的原则下进行，交易价格遵循市场公允价格或双方协商价格。
• 2025年度实际发生的关联交易金额均未超过预计额度，部分项目尚未实际发生，显示公司管理层对市场变化具有一定前瞻性与灵活性。
• 2026年公司预计与多家关联方进行大额交易，金额较2025年有所增长，显示公司业务发展预期积极，涉及金额较大的关联交易可能对公司业绩、估值产生影响。

二、2025年度日常关联交易回顾

• 2025年公司与江苏华通、安徽现代、中设航空、华设中原、海陵环境、泰州环境、苏州交投华设、源驶科技等17家关联方发生了商品销售、劳务协作、印刷服务等多项交易。
• 2025年向关联方提供商品及服务总金额为7,755.71万元，占营业收入1.89%，较2024年下降（2024年为2.21%）。主要变动体现在海陵环境和泰州环境两家公司的工程施工、劳务协作金额大幅波动。
• 2025年向关联方采购商品、接受劳务总金额为8,220.50万元，占营业成本2.99%，较2024年上升（2024年为2.49%）。其中，苏州交投华设、安徽现代、江苏华汇、华设中原、源驶科技等贡献较大。
• 公司解释实际发生金额与预计金额存在差异，主要因业务周期长、技术难度、人员配备、供应商稳定性等因素影响。
• 公司强调所有关联交易均无附加条件，定价公平合理，不影响公司独立性及中小股东利益。

三、2026年度预计日常关联交易

• 2026年公司预计继续与包括江苏华通、江苏华汇、安徽现代、海陵环境、泰州环境、苏州交投华设等17家关联公司发生日常交易。
• 2026年公司向关联方提供项目服务的预计金额合计6,725万元，向关联方采购项目服务的预计金额合计13,010万元，向关联方提供印刷服务预计金额合计187万元，合计预计金额大幅提升，显示公司对业务拓展有较高预期。
• 预计金额较2025年实际发生金额普遍提升，如苏州交投华设采购服务预计从6,486.23万元增至8,000万元，泰州环境服务预计从1,260.43万元增至2,000万元，江苏华通项目服务预计从8.28万元增至300万元。
• 主要关联方均为公司参股（持股比例14.9%至90%不等）或合营企业，且财务状况稳健，具备履约能力。
• 公司披露了所有主要关联企业的注册资本、法定代表人、经营范围、财务数据（2025年末总资产、净资产、2025年度收入和净利润）以及履约能力说明，信息详实。

四、对投资者和股东的重要影响点

• 增量交易可能提升业绩预期： 2026年关联交易预算明显上调，尤其是与苏州交投华设、泰州环境等大客户的合作，显示管理层对下年度收入和利润增长持积极态度。
• 部分关联企业2025年亏损： 如中设航空（净利润-359.86万元）、华设中原（净利润-634.58万元）、源驶科技（净利润-800.91万元）、太仓低空（净利润-178.25万元）等，若未来持续亏损，可能对公司投资收益或资产价值产生压力，值得关注。
• 交易定价机制透明、合规： 所有交易遵循市场公允价或双方协商，符合监管要求，有助于防范利益输送，保障中小投资者权益。
• 高比例参股企业业务协同： 多家关联企业为公司持股超过40%至90%，表明公司通过资源整合和协同效应推动业绩增长。
• 需关注大额关联交易潜在风险： 关联交易金额大幅增长，需持续关注公司与关联方的业务独立性、资金流向及潜在利益输送问题。
• 股东大会表决回避机制： 关联股东需回避表决，有助于决策公正。

五、保荐人核查意见

• 华泰联合证券作为保荐人已进行核查，认为公司关联交易履行了必要审批程序，交易定价公平合理，不存在损害公司及中小股东利益的情形，对日常关联交易事项无异议。

六、结论

• 本次公告详细披露了华设集团2025年度已发生与2026年预计的日常关联交易，对公司业绩、业务发展、股东结构等具有实质性影响。
• 2026年预计交易金额增长明显，反映管理层对未来发展信心，但部分关联公司仍有亏损风险。
• 投资者应关注后续股东大会审议进展及公司与关联方业务发展的实际落地情况。

免责声明： 本文仅为财务信息披露与分析，不构成任何投资建议。投资者应结合自身情况，注意投资风险，理性决策。公司实际经营状况及业绩结果可能受多种因素影响，请以公司后续公告及法定文件为准。

English Translation

Huasheng Design Group Announces 2025 Actual and 2026 Forecasted Related Party Transactions

Key Points of the Report

• Huasheng Design Group disclosed actual related party transactions for 2025 and forecasted related party transactions for 2026. All proposals must be approved by the shareholders’ general meeting, and related shareholders will abstain from voting.
• All related party transactions are conducted based on voluntary, equal, mutually beneficial, fair, and just principles. Prices are determined by market value or negotiation.
• Actual 2025 related party transaction amounts did not exceed forecasts; some items were not executed, reflecting management’s flexibility and market foresight.
• For 2026, the company expects large transaction amounts with multiple related parties, with a notable increase over 2025, which may impact performance and valuation.

Review of 2025 Related Party Transactions

• In 2025, the company engaged in sales of goods, labor collaboration, and printing services with 17 related parties, including Jiangsu Huatong, Anhui Modern, Zhongset Aviation, Huasheng Zhongyuan, Hailing Environment, Taizhou Environment, Suzhou Jiatou Huasheng, Yuanshi Technology, etc.
• Total revenue from related parties in 2025 was RMB 77.5571 million, accounting for 1.89% of operating income—down from 2.21% in 2024. Major shifts were noted in project construction and collaboration with Hailing Environment and Taizhou Environment.
• Purchases from related parties in 2025 totaled RMB 82.205 million, 2.99% of operating costs—up from 2.49% in 2024. Suzhou Jiatou Huasheng, Anhui Modern, Jiangsu Huahui, Huasheng Zhongyuan, and Yuanshi Technology contributed significantly.
• The company explained that actual and forecasted transaction amounts differ due to long project cycles, technical factors, staffing, and supplier stability.
• All transactions are unconditional, fairly priced, and do not affect independence or minority shareholder rights.

2026 Forecasted Related Party Transactions

• For 2026, the company expects to continue transactions with 17 related parties, including Jiangsu Huatong, Jiangsu Huahui, Anhui Modern, Hailing Environment, Taizhou Environment, Suzhou Jiatou Huasheng, etc.
• Forecasted revenue from related parties is RMB 67.25 million; forecasted purchases are RMB 130.10 million; printing services are expected at RMB 1.87 million—a substantial increase over 2025, reflecting strong business expectations.
• Key related parties are equity or joint ventures (holding 14.9% to 90%), all with robust financials and contract performance ability.
• The announcement provides detailed registration, capital, legal rep, business scope, financials (2025 assets, net assets, revenue, profit), and performance capacity for all major related parties.

Important Shareholder and Price-Sensitive Issues

• Increased Transaction Amounts May Boost Performance: 2026 forecasts are notably higher, especially with Suzhou Jiatou Huasheng, Taizhou Environment, indicating management’s confidence in income/profit growth.
• Some Related Parties Are Loss-Making in 2025: Zhongset Aviation, Huasheng Zhongyuan, Yuanshi Technology, and Taicang Low-Altitude reported losses in 2025. Continued losses could pressure investment returns or asset value.
• Transparent, Compliant Pricing: All transactions are at market or negotiated prices, meeting regulatory requirements and protecting minority investors.
• High-Shareholding Synergy: Multiple related parties are over 40% held, indicating synergies and integrated business development.
• Potential Risks from Large Related Transactions: Significant increases mean investors should watch for business independence and possible benefit transfer risks.
• Shareholder Meeting Voting Abstention Mechanism: Related shareholders will abstain, ensuring fair decision-making.

Sponsor’s Due Diligence

• Huatai United Securities, as sponsor, confirmed that the company followed necessary approval procedures, pricing is fair and reasonable, and there is no harm to the interests of the company or non-related shareholders. No objections were raised.

Conclusion

• This disclosure provides a comprehensive view of Huasheng Group’s related party transactions in 2025 and forecasts for 2026, with substantial impact on performance, business development, and shareholding structure.
• 2026 forecasts show significant growth, but some related parties pose loss risks.
• Investors should track shareholder meeting results and actual business developments with related parties.

Disclaimer: This article is for financial information disclosure and analysis only and does not constitute investment advice. Investors should consider their own circumstances and make decisions carefully. Actual business and performance may be affected by various factors—refer to subsequent company announcements and official documents.

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