CEO: The Shanghai Municipal Science and Technology Commission's special scientific research project has significant technical innovation difficulties, which may pose risks such as uncertainty in future industrialization progress

According to the announcement from Zhitong Finance APP, FuJie Environmental Protection (688335.SH) has released a stock price fluctuation announcement stating that the company previously disclosed a "Voluntary Advisory Announcement on Undertaking Special Research Projects of the Shanghai Municipal Science and Technology Commission." There is still uncertainty regarding whether this special research project can be successfully implemented and accepted, as well as the amount of special funding that the company and its joint research units can ultimately obtain. This special funding is classified as a government subsidy related to revenue and is expected to have a certain impact on the company's net profit. The specific accounting treatment and the impact on the company's profit and loss will ultimately be subject to the results confirmed by the annual audit agency.

This special research project is focused on strategic frontier technology exploration and development, assessed and managed based on milestone nodes. The technical innovation of this research project is challenging, and there may be risks such as a longer research and development cycle, slower-than-expected research progress, uncertainty in future industrialization, as well as fluctuations in policies and the industrial chain. Investors are advised to invest rationally and pay attention to investment risks