Financial Performance - Q3 2025 revenue was CNY 899,643,647.07, a decrease of 1.56% year-over-year, while year-to-date revenue reached CNY 2,400,113,956.83, down 2.72% compared to the same period last year[4] - The net profit attributable to shareholders was CNY -281,443,091.99 for Q3 2025, representing a decline of 190.37% year-over-year, with a year-to-date net profit of CNY -559,620,172.21, down 57.96%[4] - Basic and diluted earnings per share for Q3 2025 were both CNY -0.25, reflecting a decrease of 177.78% and 150.00% respectively compared to the same period last year[4] - The total operating revenue for the current period was RMB 2.4 billion, a decrease from RMB 2.47 billion in the previous period, representing a decline of approximately 2.7%[25] - The company reported an operating loss of RMB 536.8 million, compared to a loss of RMB 428.1 million in the previous period[25] - The net profit attributable to the parent company was -$559.62 million, compared to -$354.28 million in the previous period, reflecting a deterioration of 58%[26] - The total comprehensive income attributable to the parent company was -$559.59 million, compared to -$342.92 million, indicating a decline of 63%[26] - The basic and diluted earnings per share were both -$0.51, worsening from -$0.32 in the previous period[26] Cash Flow and Assets - Cash flow from operating activities showed a net inflow of CNY 81,155,739.13, an increase of 175.41% year-over-year, attributed to higher revenue from industrial waste resource utilization[8] - The company’s cash and cash equivalents were reported at RMB 896.8 million, down from RMB 1.18 billion[23] - Cash and cash equivalents at the end of the period totaled $782.77 million, up from $268.98 million, marking an increase of 191%[30] - The net cash flow from operating activities was $81.16 million, a significant improvement from -$107.63 million in the previous period[29] - The net cash flow from financing activities was $16.09 million, compared to -$169.73 million, showing a turnaround[30] - The total operating cash outflow was $2.84 billion, down from $3.06 billion, a reduction of 7%[29] Liabilities and Equity - Total assets at the end of Q3 2025 were CNY 10,756,136,687.46, down 4.63% from the end of the previous year[4] - Short-term borrowings increased by 49.19% to CNY 1,785,806,678.92, primarily due to new bank loans taken during the reporting period[6] - The company’s total liabilities included a 80.08% increase in bonds payable, reaching CNY 899,277,316.67, due to the issuance of medium-term notes[6] - The total equity attributable to shareholders decreased by 15.42% to CNY 3,044,743,596.00 compared to the end of the previous year[4] - The company’s total liabilities amounted to RMB 7.25 billion, compared to RMB 7.13 billion in the previous period, indicating an increase of approximately 1.7%[24] Legal and Environmental Issues - The company is required to pay a total of RMB 85,868,122.44 for environmental pollution investigation and related costs, along with interest of RMB 7,216,636.18, as per the court ruling[13] - The company must compensate RMB 10,577,773.11 and service fees of RMB 1,065,881.26 to 嘉园环保有限公司 following a contract dispute[15] - The company is involved in an administrative lawsuit seeking compensation from the Shaoyang Municipal Government for the unilateral termination of a waste management contract[17] - The company is currently facing litigation regarding environmental pollution claims from 江西环保股份有限公司[12] - The company has been ordered to pay additional costs related to soil pollution risk management amounting to RMB 1,057,219.89[13] - The company is currently in discussions regarding compensation for the termination of the waste management contract due to policy changes[17] Investments and Projects - The company reported a significant increase in investment income of CNY 7,647,386.69, up 547.49% due to higher returns from joint ventures[8] - The company established a joint venture, Dongjiang Automotive Resource Recycling (Hubei) Co., Ltd., to expand its automotive parts remanufacturing business[20] - The company plans to fully promote its automotive recycling project under the registered trademarks "Dongjiang Rebirth," "Dongjiang Renewal," and "Dongjiang New Green"[20] Operational Changes - The company recorded a substantial increase in operating expenses, with non-operating expenses rising by 2,894.10% to CNY 110,263,499.28, mainly due to provisions for litigation losses[8] - The company has completed the transfer of assets and operations related to the waste management project to the Shaoyang Municipal Government as part of the contract termination process[17] - The company has provided a guarantee of up to RMB 160 million for its subsidiary 唐山万德斯 to secure a bank credit line[18] - The company has not disclosed any significant changes in the shareholding structure among the top 10 shareholders[11] - The company has not participated in any margin financing activities as indicated in the report[11]

Core Viewpoint - Dongjiang Environmental (002672) reported that as of October 20, 2025, the total number of A-share shareholders is 28,746 [1] Company Information - Dongjiang Environmental has engaged with investors through an interactive platform to provide updates on shareholder numbers [1]

Core Insights - The environmental governance sector saw a slight increase of 0.05% on October 23, with Dongjiang Environmental leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1] Stock Performance - Dongjiang Environmental (002672) closed at 5.29, with a significant increase of 9.98% and a trading volume of 393,100 shares, amounting to 204 million yuan [1] - Tongyuan Environment (688679) and Zhonglan Environmental (300854) also performed well, with increases of 7.64% and 7.12%, respectively [1] - Conversely, Huicheng Environmental (300779) experienced a notable decline of 12.51%, closing at 154.50 [2] Capital Flow - The environmental governance sector experienced a net outflow of 427 million yuan from institutional investors, while retail investors contributed a net inflow of 325 million yuan [2] - The data indicates that retail investors are actively participating in the market despite the overall net outflow from institutional funds [2] Individual Stock Capital Flow - Dongjiang Environmental saw a net inflow of 58.66 million yuan from institutional investors, but a net outflow from retail investors [3] - Other stocks like Zhongchi Holdings (603903) and Chuangye Environmental (600874) also showed mixed capital flows, with significant net inflows from institutional investors but outflows from retail investors [3]

（文章来源：每日经济新闻） 每经AI快讯，10月23日，环保概念股午后局部大涨，创业环保、东江环保双双直线涨停，中兰环保跟 涨。 ...

Core Viewpoint - Dongjiang Environmental Protection Co., Ltd. is actively involved in industrial waste treatment and is expanding into municipal waste management, emphasizing a comprehensive environmental management solution aligned with low-carbon economy principles [2]. Group 1: Financial Performance - As of June 30, 2025, Dongjiang Environmental reported a revenue of 1.5 billion yuan, a year-on-year decrease of 3.4%, and a net profit attributable to shareholders of -278 million yuan, a year-on-year decrease of 8.09% [2]. - The company has cumulatively distributed 959 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 2: Stock and Financing Activity - On October 20, 2023, Dongjiang Environmental's stock rose by 0.85%, with a trading volume of 22.67 million yuan. The net financing buy was -388,300 yuan, indicating a higher level of financing repayment than new purchases [1]. - The total financing and securities lending balance for Dongjiang Environmental reached 114 million yuan, accounting for 2.67% of its market capitalization, which is above the 80th percentile of the past year [1]. - The company repaid 2,600 shares in securities lending on October 20, 2023, with a remaining securities lending balance of 15,480 yuan, exceeding the 90th percentile of the past year [1]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Dongjiang Environmental was 31,200, reflecting a slight increase of 0.14% from the previous period [2]. - Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, holding 14.26 million shares, an increase of 3.16 million shares from the previous period [3].

Group 1 - The core viewpoint of the news is that Dongjiang Environmental Protection experienced a decline in stock price and significant financing activity on October 15, with a net financing outflow of 424.25 million yuan [1] - On October 15, Dongjiang Environmental Protection's stock price fell by 0.21%, with a trading volume of 32.4585 million yuan [1] - The total financing and securities lending balance for Dongjiang Environmental Protection reached 119 million yuan, which is 2.73% of its circulating market value, indicating a high level of financing [1] Group 2 - Dongjiang Environmental Protection, established on September 16, 1999, focuses on industrial waste treatment and is expanding into municipal waste management, with a business model that emphasizes environmental management solutions [2] - The company's revenue composition includes 43.06% from industrial waste resource utilization, 26.46% from industrial waste treatment, and 19.14% from precious metal recovery, among other segments [2] - For the first half of 2025, Dongjiang Environmental Protection reported a revenue of 1.5 billion yuan, a year-on-year decrease of 3.40%, and a net profit attributable to shareholders of -278 million yuan, a decrease of 8.09% [2] Group 3 - Since its A-share listing, Dongjiang Environmental Protection has distributed a total of 959 million yuan in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 3.157 million shares to 14.2603 million shares [3]

格隆汇10月10日丨东江环保(00895.HK)公布，董事会会议将于2025年10月29日(星期三)，假座中华人民 共和国深圳市南山区朗山路9号东江环保大楼11楼举行，藉以(其中包括)考虑及批准公司及其附属公司 截至2025年9月30日止九个月之未经审核综合财务报表及其发布，及处理任何其他事宜(如有)。责任编 辑：山上 ...

格隆汇10月10日丨东江环保(00895.HK)公布，董事会会议将于2025年10月29日(星期三)，假座中华人民 共和国深圳市南山区朗山路9号东江环保大楼11楼举行，藉以(其中包括)考虑及批准公司及其附属公司 截至2025年9月30日止九个月之未经审核综合财务报表及其发布，及处理任何其他事宜(如有)。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 會 就 因 本 公 告 全 部 或 部 分內 容 而產生 或 因 倚賴 該 等內容 而 引 致的 任 何損失 承 擔 任何 責 任。 DONGJIANG ENVIRONMENTAL COMPANY LIMITED* 東江環保股份有限公司 ( 於 中 華 人 民 共 和國註 冊 成 立之 股 份有限 公 司 ) ( 股份代號： 0 0 8 9 5 ) 董事會會議通告 東江環保股份有限公司（「 本 公 司 」 ） 董 事 （ 「 董 事 」 ） 會 （ 「 董 事 會 」）謹 此 公 佈 ，董 事 會會議 將 於 2 0 2 5 年 1 0 月 2 9 日（ 星 期 三）， 假 座 中華 人 民共和 國（「中 國 」 ） 深圳 市 南 山區 朗 山路 9 號 東 江環 保 大樓 1 1 樓 舉 行， 藉 以（ 其中 包 括 ） 考慮 及 批准本 公 司 及其 附 屬公司 截 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 東江環保股份有限公司（於中華人民共和國註冊成立之股份有限公司） 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00895 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 200,137,500 | RMB | | 1 RMB | | 200,137,500 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 200,137,500 | RMB | | 1 RMB | | 200,137,500 | | 2. 股份分類 | ...