Market Overview - The environmental governance sector increased by 0.33% on November 6, with Qing Shui Yuan leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Performers - Qing Shui Yuan (300437) closed at 12.22, up 20.04% with a trading volume of 480,700 shares and a transaction value of 573 million [1] - Fu'an Co. (603315) closed at 15.03, up 5.25% with a trading volume of 478,100 shares and a transaction value of 699 million [1] - Shanghai Xianba (603200) closed at 84.54, up 4.04% with a trading volume of 123,400 shares and a transaction value of 1.061 billion [1] Underperformers - Fu Long Ma (603686) closed at 30.87, down 10.00% with a trading volume of 989,300 shares and a transaction value of 314.6 million [2] - Haixia Environmental (603817) closed at 7.51, down 6.24% with a trading volume of 762,800 shares and a transaction value of 582 million [2] - Feima International (002210) closed at 4.24, down 3.64% with a trading volume of 3,384,100 shares and a transaction value of 1.448 billion [2] Capital Flow - The environmental governance sector experienced a net outflow of 593 million from institutional investors, while retail investors saw a net inflow of 692 million [2][3] - The capital flow data indicates that Qing Shui Yuan had a net inflow of 89.83 million from institutional investors, while it faced a net outflow of 59.83 million from speculative funds [3]

证券代码：600292 证券简称：远达环保 编号：临 2025－074 号 国家电投集团远达环保股份有限公司 关于董事会延期换届的公告 国家电投集团远达环保股份有限公司董事会 二〇二五年十一月七日 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。 国家电投集团远达环保股份有限公司（以下简称"公司"）第十届 董事会任期已届满，根据《公司法》《公司章程》等法律法规规定，需 进行换届选举。 鉴于公司重大资产重组仍在进行中，尚需办理股份登记、章程修订、 工商变更登记等工作。为确保各项工作的连续性和稳定性，公司换届选 举工作将适当延期，在换届选举工作完成之前，公司第十届董事会及其 专门委员会成员、公司高级管理人员将严格按照相关法律法规和《公司 章程》的规定，继续履行相应职责和义务。 换届选举延期不会影响公司正常生产经营，公司将根据相关要求， 积极推进相关工作进程，尽快召开相关会议审议换届选举事宜，并及时 履行信息披露义务。 特此公告。 ...

Core Viewpoint - The company announced that the term of the 10th Board of Directors has expired, and the election for the new board will be postponed due to ongoing major asset restructuring [1] Group 1 - The postponement of the board election is necessary to ensure continuity and stability while handling share registration and other related tasks [1] - The current members of the 10th Board of Directors and executives will continue to perform their duties until the election is completed [1] - The postponement will not affect the normal operations of the company, which will actively promote related work and expedite the review of the election matters [1]

Core Insights - The stock price of Yuanda Environmental has increased by 16.40% year-to-date, with significant gains in recent trading periods [1] - The company reported a decrease in revenue and net profit for the first nine months of 2025 compared to the previous year [2] Financial Performance - As of September 30, 2025, Yuanda Environmental achieved a revenue of 2.936 billion yuan, a year-on-year decrease of 5.16% [2] - The net profit attributable to shareholders was 56.0255 million yuan, reflecting a year-on-year decline of 36.60% [2] Stock Market Activity - On November 6, 2023, the stock price reached 15.12 yuan per share, with a trading volume of 213 million yuan and a turnover rate of 1.84% [1] - The company has seen net inflows of 9.6573 million yuan from main funds, with significant buying activity from large orders [1] Shareholder Information - As of September 30, 2025, the number of shareholders was 47,600, a decrease of 1.08% from the previous period [2] - The average number of circulating shares per shareholder increased by 1.09% to 16,404 shares [2] Dividend Distribution - Since its A-share listing, Yuanda Environmental has distributed a total of 849 million yuan in dividends, with 21.8629 million yuan distributed over the past three years [3] Business Overview - Yuanda Environmental, established on June 30, 1994, focuses on energy-ecological integration, including air pollution control, water treatment, and waste management [2] - The company's revenue composition includes 57.93% from desulfurization and denitrification, 18.66% from environmental engineering, and 11.67% from catalyst sales [2]

Core Insights - The environmental governance sector saw an increase of 0.81% on November 3, with Zhejiang Fu Holdings leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Environmental Governance Sector Performance - Top gainers included: - Zhejiang Fu Holdings (002266) with a closing price of 4.52, up 9.98% and a trading volume of 1.93 million shares, totaling 873 million yuan [1] - Zhonghuan Environmental (300692) at 9.58, up 7.28% with a trading volume of 450,900 shares, totaling 434 million yuan [1] - Haitan Co., Ltd. (603759) at 11.74, up 6.73% with a trading volume of 370,700 shares, totaling 413 million yuan [1] - Other notable gainers included: - Feima International (002210) at 4.45, up 5.95% with a trading volume of 6.29 million shares, totaling 2.83 billion yuan [1] - ST New Power (300152) at 2.50, up 5.49% with a trading volume of 374,000 shares, totaling 9.19 million yuan [1] Fund Flow Analysis - The environmental governance sector experienced a net outflow of 772 million yuan from institutional investors, while retail investors saw a net inflow of 677 million yuan [2] - The top stocks by fund flow included: - Zhejiang Fu Holdings (002266) with a net inflow of 22.3 million yuan from institutional investors, but a net outflow of 114 million yuan from speculative funds [3] - Feima International (002210) with a net inflow of 10.7 million yuan from institutional investors, but a net outflow of 97.8 million yuan from speculative funds [3] - Yuan Da Environmental (600292) with a net inflow of 38.3 million yuan from institutional investors, but a net outflow of 14.9 million yuan from speculative funds [3]

中信建投证券股份有限公司 关于 国家电投集团远达环保股份有限公司 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 标的资产过户情况 之 独立财务顾问核查意见 独立财务顾问 二〇二五年十一月 声明与承诺 中信建投证券股份有限公司接受国家电投集团远达环保股份有限公司委托， 担任国家电投集团远达环保股份有限公司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独立财务顾问，并出具本核查意见。本核查意见系依照《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司重大资产重组管理办 法》《公开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资 产重组》《上海证券交易所上市公司自律监管指引第 6 号——重大资产重组》等 法律、法规的有关规定，按照证券行业公认的业务标准、道德规范和诚实信用、 勤勉尽责精神，遵循客观、公正的原则，在认真审阅相关资料和充分了解本次交 易行为的基础上编制而成。 1、本核查意见所依据的文件和材料由本次交易各方提供，提供方对所提供 文件及资料的真实性、准确性和完整性负责，并保证该等信息不存在虚假记载、 误导性陈述或者重大遗漏。本独立财务顾问不承担由此引起的任何风险责任 ...

中国国际金融股份有限公司 关于 国家电投集团远达环保股份有限公司 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 标的资产过户情况 之 独立财务顾问核查意见 独立财务顾问 二〇二五年十一月 声明与承诺 中国国际金融股份有限公司接受国家电投集团远达环保股份有限公司委托， 担任国家电投集团远达环保股份有限公司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独立财务顾问，并出具本核查意见。本核查意见系依照《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司重大资产重组管理办 法》《公开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资 产重组》《上海证券交易所上市公司自律监管指引第 6 号——重大资产重组》等 法律、法规的有关规定，按照证券行业公认的业务标准、道德规范和诚实信用、 勤勉尽责精神，遵循客观、公正的原则，在认真审阅相关资料和充分了解本次交 易行为的基础上编制而成。 1、本核查意见所依据的文件和材料由本次交易各方提供，提供方对所提供 文件及资料的真实性、准确性和完整性负责，并保证该等信息不存在虚假记载、 误导性陈述或者重大遗漏。本独立财务顾问不承担由此引起的任何风险责任 ...

北京市西城区平安里西大街 26 号新时代大厦 5-8 层邮编：100034 北京市中咨律师事务所 关于 国家电投集团远达环保股份有限公司 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 标的资产过户情况的法律意见书 电话：+86-10-66091188 传真：+86-10-66091616 网址：http://www.zhongzi.com.cn/ 二〇二五年十一月 | | | 远达环保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户情况的法律意见书 北京市中咨律师事务所 关于 国家电投集团远达环保股份有限公司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 标的资产过户情况的法律意见书 致：国家电投集团远达环保股份有限公司 北京市中咨律师事务所（以下简称本所）受国家电投集团远达环保股份有限 公司（以下简称上市公司、远达环保）委托，指派贾向明、吴楠律师作为远达环 保拟通过发行股份及支付现金的方式购买中国电力国际发展有限公司（以下简称 中国电力）、湖南湘投国际投资有限公司（以下简称湘投国际）合计持有的五凌 电力有限公司（以下简称五凌电力）的 100%股权以及国家电投集团广西电力 ...

国家电投集团远达环保股份有限公司（以下简称"公司"）拟通过 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购买其持有 五凌电力有限公司 63%股权、向湖南湘投国际投资有限公司购买其持有 五凌电力有限公司 37%股权以及向国家电投集团广西电力有限公司购 买其持有国家电投集团广西长洲水电开发有限公司 64.93%股权，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（以下简 称"本次交易"）。本次交易构成重大资产重组，不构成重组上市，但构 成关联交易。 公司于 2025 年 9 月 30 日收到中国证券监督管理委员会出具的《关 于同意国家电投集团远达环保股份有限公司发行股份购买资产并募集 配套资金注册的批复》（证监许可〔2025〕2191 号）（以下简称"中国 证监会批复"）。中国证监会批复主要内容详见公司于 2025 年 10 月 1 日 披露的《国家电投集团远达环保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事项获得中国证券监督管理委员 会同意注册批复的公告》。 公司根据中国证监会批复的要求积极推进本次交易实施事宜。截至 本公告日，本次交易涉及标的资产的过户手续已经 ...

Market Overview - The futures concept sector declined by 0.4% compared to the previous trading day, with Yuan Da Environmental leading the decline [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Notable gainers in the futures concept sector included: - Meihu Co., Ltd. (code: 6163309) with a closing price of 36.49, up 4.08% and a trading volume of 177,800 shares, totaling 644 million yuan [1] - Yimeng Honghua (code: 600128) closed at 11.00, up 3.09% with a trading volume of 106,000 shares, totaling 11.7 million yuan [1] - Zhongke Jincai (code: 002657) closed at 30.84, up 2.59% with a trading volume of 239,900 shares, totaling 738 million yuan [1] - Major decliners included: - Yuan Da Environmental (code: 600292) closed at 13.36, down 4.50% with a trading volume of 503,500 shares, totaling 676 million yuan [2] - Zhongjin Lingnan (code: 000060) closed at 5.51, down 2.82% with a trading volume of 1,495,700 shares, totaling 836 million yuan [2] - Hongqiang Securities (code: 601236) closed at 8.77, down 2.56% with a trading volume of 365,200 shares, totaling 323 million yuan [2] Capital Flow - The futures concept sector experienced a net outflow of 1.321 billion yuan from main funds, while retail investors saw a net inflow of 996 million yuan [2] - Notable capital flows included: - Dahan Technology (code: 600288) with a main fund net inflow of 41.5 million yuan, but a net outflow from retail investors of 41.6 million yuan [3] - Zhongke Jincai (code: 002657) had a main fund net inflow of 29.6 million yuan, with retail investors contributing a net inflow of 18.4 million yuan [3]