Group 1 - The company has changed its name to "State Power Investment Corporation Hydropower Co., Ltd." and its stock abbreviation to "DianTou ShuiDian" while maintaining the same stock code "600292" [1] - The name change is based on the planning of the company's actual controller, State Power Investment Corporation, aiming to establish the company as a domestic hydropower asset integration platform [1] - The business registration change has been completed, and the new stock abbreviation will take effect from January 13, 2026 [1]

远达环保1月7日公告，公司名称已变更为"国家电投集团水电股份有限公司"，证券简称由"远达环保"变 更为"电投水电"，证券代码"600292"保持不变。此次变更基于公司实际控制人国家电力投资集团有限公 司的规划，旨在将公司打造为境内水电资产整合平台，并已完成工商变更登记。证券简称变更自2026年 1月13日起生效。 ...

Core Viewpoint - The company, State Power Investment Corporation Water Power Co., Ltd., has completed the acquisition of a 63% stake in Wuling Power Co., Ltd. from China Power International Development Co., Ltd. and a 37% stake from Hunan Xiangtou International Investment Co., Ltd., along with a 64.93% stake in Guangxi Changzhou Hydropower Development Co., Ltd. from Guangxi Company, with the transaction finalized and the assets transferred [1]. Group 1 - The transition period for the acquired assets is defined as from November 1, 2024, to October 31, 2025, with the assessment benchmark date set for October 31, 2024 [1]. - During the transition period, the profits generated from the assets evaluated using the income method will be retained by the company, and no payments are required to be made to China Power or Xiangtou International for any profits [2]. - Any losses incurred during the transition period for the income method evaluated assets will be borne by the respective parties based on their ownership percentages at the time the agreement became effective [2]. Group 2 - For the 64.93% stake in Changzhou Hydropower, any profits generated during the transition period will be enjoyed by the company, while losses will be covered by Guangxi Company in cash according to their shareholding ratio [3]. - The audit of the transition period profits and losses was conducted by Deloitte Touche Tohmatsu, confirming that no losses occurred for both Wuling Power and Changzhou Hydropower during this period, thus no compensation is required from the transaction parties [4].

证券代码：600292 证券简称：远达环保 编号：临2026－01号 国家电投集团水电股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 暨关联交易之标的资产过渡期损益情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 国家电投集团水电股份有限公司（以下简称"远达环保"、"上市公司"或"公司"）通过发行股份及支付现 金的方式向中国电力国际发展有限公司（以下简称"中国电力"）购买其持有的五凌电力有限公司（以下 简称"五凌电力"）63%股权、向湖南湘投国际投资有限公司（以下简称"湘投国际"）购买其持有的五凌 电力37%股权以及向国家电投集团广西电力有限公司（以下简称"广西公司"）购买其持有的国家电投集 团广西长洲水电开发有限公司（以下简称"长洲水电"，与五凌电力合称"标的公司"）64.93%股权（与五 凌电力100%股权合称为"标的资产"），并拟向不超过35名符合条件的特定投资者发行股份募集配套资 金（以上交易事项简称"本次交易"）。本次交易的标的资产已全部完成交割过户，公司为支付标的资产 对价新发行的股份已 ...

若交割日为当月15日（含15日）之前，则过渡期间损益审计的基准日为 上月月末；若交割日为当月15日之后，则过渡期间损益的审计基准日为 当月月末。本次交易的评估基准日为2024年10月31日，标的资产已于 2025年10月30日完成交割过户，故本次交易过渡期间为2024年11月1日 至2025年10月31日。 （1）五凌电力 证券代码：600292 证券简称：远达环保 编号：临 2026－01 号 国家电投集团水电股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 暨关联交易之标的资产过渡期损益情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 国家电投集团水电股份有限公司（以下简称"远达环保"、"上市公 司"或"公司"）通过发行股份及支付现金的方式向中国电力国际发展 有限公司（以下简称"中国电力"）购买其持有的五凌电力有限公司（以 下简称"五凌电力"）63%股权、向湖南湘投国际投资有限公司（以下简 称"湘投国际"）购买其持有的五凌电力37%股权以及向国家电投集团广 西电力有限公司（以下简称"广西公司"）购 ...

Core Viewpoint - The company has undergone significant leadership changes and is rebranding itself to align with its new strategic focus on hydropower assets, changing its name and securities abbreviation accordingly [14][18]. Leadership Changes - The company announced the resignation of its former chairman, Chen Bin, and appointed Yao Xiaoyan as the new chairman, effective immediately [1]. - Li Tie has been appointed as the new general manager, and Mo Yujun has been appointed as the new deputy general manager, both effective immediately [4][10]. Securities Abbreviation Change - The company plans to change its securities abbreviation from "远达环保" to "电投水电," while the securities code will remain unchanged at "600292" [14][17]. - This change is part of a broader strategy to transform the company into a platform for integrating hydropower assets under the control of the State Power Investment Corporation [18]. Strategic Rebranding - The rebranding reflects the company's shift in focus towards hydropower generation, following the acquisition of significant stakes in hydropower assets [18]. - The company has completed a major asset restructuring, which includes acquiring 63% of Wuling Power and 64.93% of Changzhou Hydropower, among others [18].

Market Overview - The environmental governance sector experienced a decline of 0.55% on December 30, with Huicheng Environmental leading the drop [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] Stock Performance - Notable gainers in the environmental governance sector included: - Zhenghe Ecology (Code: 605069) with a closing price of 14.85, up 10.00% and a trading volume of 310,900 shares, totaling 453 million yuan [1] - Fulongma (Code: 603686) also rose by 10.00% to 31.58, with a trading volume of 1,419,400 shares, amounting to 4.237 billion yuan [1] - Huaxin Environmental (Code: 301265) increased by 7.17% to 13.15, with a trading volume of 148,700 shares, totaling 19.2 million yuan [1] - Conversely, Huicheng Environmental (Code: 300779) saw a significant decline of 9.01%, closing at 130.85 with a trading volume of 95,400 shares, amounting to 1.271 billion yuan [2] - Other notable decliners included: - Saince (Code: 688480) down 4.49% to 50.61 [2] - Qingshuiyuan (Code: 300437) down 4.39% to 16.55 [2] Capital Flow - The environmental governance sector saw a net inflow of 97.1234 million yuan from institutional investors, while retail investors experienced a net outflow of 41.0087 million yuan [2] - Key stocks with significant capital flow included: - Fulongma with a net inflow of 46.114 million yuan from institutional investors, but a net outflow of 28.1 million yuan from retail investors [3] - Yuhe Tian (Code: 300815) had a net inflow of 39.3351 million yuan from institutional investors, with retail investors seeing a net outflow of 25.3029 million yuan [3]

Group 1 - The company appointed Mr. Li Tie as the general manager, effective from the date of the board's approval until the next board election [1][13][26] - Mr. Li Tie has extensive experience in finance and management, having held various senior positions in state-owned enterprises [3][29] Group 2 - The company announced the disposal of fixed assets by its wholly-owned subsidiary, which will impact the net profit attributable to shareholders by -15.08 million yuan for 2025 [5][7] - The fixed assets being scrapped had an original value of 43.86 million yuan and a net value of 15.25 million yuan [5][6] Group 3 - The company plans to increase its impairment provision for receivables from its subsidiary, which will affect the net profit by -9.55 million yuan for 2025 [10][12] - The receivables from the subsidiary amounted to 30.80 million yuan, with a net receivable of 7.96 million yuan after accounting for the impairment [8][9] Group 4 - The company approved a change in its securities abbreviation from "Yuan Da Environmental Protection" to "Dian Tou Shui Dian" to align with its new business focus on hydropower [36][37] - This change is part of a broader restructuring effort to integrate hydropower assets and enhance brand recognition [37][38] Group 5 - The company approved changes to its accounting estimates due to the integration of new subsidiaries, which will not significantly impact its financial results [39][46] - The changes will affect the depreciation of fixed assets and amortization of intangible assets, reflecting the company's expanded operational scope [40][42]

Key Points - Guizhou Moutai's controlling shareholder, Moutai Group, has completed a share buyback plan, acquiring 2,071,359 shares for a total of 3 billion yuan, increasing its stake to 56.63% of the total share capital [1] - Juneyao Airlines plans to purchase 25 Airbus A320 series aircraft for a total of 4.1 billion USD, with deliveries scheduled between 2028 and 2032 [1] - ST Panda is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [1] - Huali Co. has terminated its plan to acquire a 51% stake in Zhongke Huilian due to a lack of consensus on key transaction terms [1][2] - China Duty Free Group's subsidiary has signed a contract for a duty-free project at Beijing Capital International Airport, covering an area of 10,646.74 m², with a guaranteed operating fee of 480.27 million yuan in the first year [3] - Haisheng Pharmaceutical's invested company has initiated Phase II clinical trials for NWRD06, a novel RNA drug targeting GPC3 for liver cancer, marking a significant milestone in cancer treatment [3] - WISCO Development is planning to acquire stakes in WISCO Mining and Luzhong Mining through asset swaps and cash payments, leading to a temporary suspension of its stock [4] - Yonghui Supermarket intends to publicly sell a 28.095% stake in its subsidiary Yonghui Cloud Gold Technology [5] - Shanxi Expressway plans to acquire a 15% stake in Shanxi Transportation Industry Development Group for 74.8 million yuan [5] - China Energy Construction's subsidiary has won a 6.864 billion yuan ecological comprehensive governance project [5]

Core Viewpoint - The company announced the resignation of its former chairman, Chen Bin, and the election of Yao Xiaoyan as the new chairman, effective immediately upon board approval [1] Group 1 - The resignation of Chen Bin from the position of chairman of the company was officially announced [1] - The election of Yao Xiaoyan as the new chairman was approved during the 36th (temporary) meeting of the 10th board of directors [1] - Yao Xiaoyan's term will last until the next board election [1]