Love core environmental protection 832095 public transfer of instructions

The person in charge of the Company and the person in charge of the accounting work and the person in charge of the accounting department shall ensure that the financial accounting information in the prospectus of transfer is true and complete. Any decision or opinion made by CSRC or NTSS on the public transfer of shares of the Company does not indicate that it makes any substantive judgment or assurance on the value of the shares of the Company or on the profits of investors. According to the provisions of the Securities Law, the Company shall be solely responsible for the changes in the Company's operation and revenue. The investment risks arising from such changes shall be borne by the investors themselves. Significant events prompted the company to remind investors to pay attention to the following risks and major events: (A) the company consolidated gross margin decreased risk The company in 2014 July, 2013 and 2012 consolidated gross profit margin was 39.60%, 52.81% and 65.12% , Showing a downward trend. The air purifier industry belongs to the company is still in the development stage, with the state to solve the outstanding environmental problems that endanger the health of the people concerned about the environmental issues, energy saving and environmental protection industry has been ranked first in seven strategic emerging industries, more and more enterprises out Air purifier industry, increased market competition will increase the risk of product prices. In addition, due to the company's air purifier products and the overall solution to be customized according to customer needs, is a non-standardized products, products or services, the price difference is large. At the same time, the current air purifier products or the overall solution standard is not perfect, less market competition. Companies continue to increase research and development, multi-level to meet the changing needs of customers, continue to enrich fake van cleef and arpel necklace the product performance will lead to further upgrade the product structure, increase costs, but the price has not synchronized. As a result, there is a risk of declining corporate gross margins. replica van cleef butterfly necklace (II) Risks of Changes in Preferential Income Tax Policies According to Article 28 of the Law of the People's Republic of China on Enterprise Income Tax, high-tech enterprises in key state support need to deduct enterprise income tax at the rate of 15%. On November 9, 2012, the Company obtained the certificate of high and new technology enterprise with the certificate number of GF201235100180, which is valid for 3 years, and the corporate income tax of the company is levied at the rate of 15%. If the future company can not be identified as high-tech enterprises or the corresponding tax incentives change, the company will no longer enjoy tax incentives, which will adversely affect the company's future operating results. (III) The overall size of the Company is small and its ability to resist risks is weak. The operating revenue of the Company in 2012, 2013 and July 2014 was 4,441,020.73 yuan, 11,080,457.97 yuan and 10,405,166.66 yuan respectively ; Net profit was 721,379.90 yuan, 1,711,048.09 yuan, 1,851,691.48 yuan. During the reporting period, the Company's business grew rapidly with both operating income and profit growing rapidly. However, the overall size of the Company was small, resulting in the Company's weak ability to withstand market risks. If the market demand changes significantly or the future market competition intensifies, it may adversely affect the company's business performance. (IV) Risks of intensified market competition with the industry With the increasingly serious air pollution such as smog and haze, the market size of the air purifier industry is constantly expanding and the demand is strong. Due to the high profit margin of the industry, it has attracted many investors and internal Increasing competition. In addition to well-known foreign companies continue to enter the domestic market, all kinds of domestic air-conditioning companies and other companies have also entered the industry. Currently on the market single-brand air purifier has more than 100 brands, air purification solutions to provide the total number of companies are also gradually increasing. With the rapid development of the industry and the emergence of new competitors, the Company is under pressure to intensify its competition in the industry and may adversely affect its operating performance. Although the Company's superiority in product form, core technology, R \u0026 D team and customer channel ensures its leading position in the air purification market, its market share will not be easily replaced by its competitors. However, if the Company can not cope with market competition promptly and effectively, it will face challenges Slow growth, the risk of declining market van cleef flower necklace knock off share. (E) new product, new business and new market development plan can not

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