Core Viewpoint - Hanlan Environment announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 0.25 yuan per share (tax included) [2] Summary by Relevant Sections - **Dividend Details** - The cash dividend of 0.25 yuan per share will be distributed [2] - The record date for the dividend is set for October 30, 2025 [2] - The ex-dividend date is scheduled for October 31, 2025 [2]

证券代码：600323 证券简称：瀚蓝环境 公告编号：临 2025-052 瀚蓝环境股份有限公司 2025年中期权益分派实施公告 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法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.25元 相关日期 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上 海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本815,347,146股为基数，每股派发现金红 利0.25元（含税），共计派发现金红利203,836,786.50元。 1. 发放年度：2025年中期 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/10/30 | － | 2025/10/31 | 2025/10/31 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日 ...

Core Viewpoint - The stock of Hanlan Environment has experienced fluctuations, with a current price of 28.61 CNY per share, reflecting a year-to-date increase of 25.37% [1] Group 1: Stock Performance - As of October 23, Hanlan Environment's stock price decreased by 2.02%, with a trading volume of 1.12 billion CNY and a turnover rate of 0.47% [1] - The stock has seen a 0.85% increase over the last five trading days, a 5.34% increase over the last 20 days, and a 6.12% increase over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Hanlan Environment reported a revenue of 5.763 billion CNY, a year-on-year decrease of 1.05%, while the net profit attributable to shareholders was 969 million CNY, reflecting an increase of 8.99% [2] - Cumulatively, the company has distributed 2.999 billion CNY in dividends since its A-share listing, with 1.223 billion CNY distributed in the last three years [3] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Hanlan Environment was 21,100, a decrease of 11.23% from the previous period, with an average of 38,719 circulating shares per shareholder, an increase of 12.65% [2] - The ninth largest circulating shareholder is ICBC Red Fortune Mixed A, holding 7.0034 million shares as a new shareholder, while Hong Kong Central Clearing Limited has exited the top ten circulating shareholders [3] Group 4: Business Overview - Hanlan Environment, established on December 17, 1992, and listed on December 25, 2000, operates in water supply, wastewater treatment, solid waste treatment, and gas supply [1] - The revenue composition includes solid waste business (37.71%), energy supply (32.36%), sanitation (9.14%), water supply (8.48%), drainage (5.11%), interest income from PPP projects (3.46%), construction income from PPP projects (2.22%), and other businesses (1.52%) [1]

Group 1 - The company announced the termination of its investment cooperation with private equity funds, specifically the dissolution and liquidation of the Guihan Fund, in which the company had invested 5 million yuan, accounting for 49.95% of the fund [1][2] - Since the Guihan Fund's formal operation, no project investments have been made, leading to the unanimous decision by all partners to dissolve the fund [2] - The company's investment of 5 million yuan is relatively small, and the liquidation will not have a significant impact on the company's overall operations [3] Group 2 - The company will closely monitor the subsequent liquidation process of the Guihan Fund and will fulfill its information disclosure obligations in accordance with relevant regulations [3] - The announcement serves to inform investors about the current status of the company's investment activities with private equity funds [4]

证券代码：600323 证券简称：瀚蓝环境 公告编号：临 2025-051 瀚蓝环境股份有限公司 与私募基金合作投资事项终止的公告 一、合作投资基本概述情况 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法律责任。 重要内容提示： | 投资标的名称 | 业（有限合伙） | | 佛山市南海区桂瀚环保产业股权投资合伙企 | | --- | --- | --- | --- | | 投资金额（万元） | 500 | | | | 投资进展阶段 | 完成 | 终止 | 交易要素变更 进展 | | 特别风险提示（如有请勾选） | 募集失败 未能完成备案登记 | | | | | 提前终止 | | | | | 发生重大变更 | | | | | 其他： | | | 瀚蓝环境股份有限公司（以下简称"公司"）与广东高成长企业股权投资管 理有限公司、佛山市南海区桂城科技股权投资合伙企业（有限合伙）、广东隐冠 二号科技股权投资合伙企业（有限合伙）共同出资设立佛山市南海区桂瀚环保产 业股权投资合伙企业（有限合伙）（以下简称"桂瀚基金"）。公司实际出 ...

Core Viewpoint - The company has announced the establishment of a joint investment partnership focused on environmental industries, but it has not engaged in any project investments since its inception, leading to a unanimous decision to dissolve the fund [1] Group 1 - The company, along with several investment partners, has contributed to the establishment of the "Guichan Environmental Industry Equity Investment Partnership" with a total investment of 500,000 yuan, representing a 49.95% stake [1] - Since the Guichan Fund's official operation, no project investments have been made [1] - A recent partner meeting resulted in a unanimous agreement to dissolve and liquidate the Guichan Fund, with the company’s investment amount being relatively small and not expected to have a significant impact [1]

Core Viewpoint - Hanlan Environment (600323.SH) announced the dissolution and liquidation of the Guihan Fund, which has not made any project investments since its establishment [1] Group 1 - The decision to dissolve the Guihan Fund was unanimously agreed upon by all partners during a recent partners' meeting [1] - The company has invested a total of 5 million yuan in the Guihan Fund, which is considered a small amount [1] - The liquidation process will not have a significant impact on the company's overall operations [1]

Core Viewpoint - Hanlan Environment (600323.SH) announced the dissolution and liquidation of the Guihan Fund, which has not made any project investments since its formal operation [1] Group 1 - The decision to dissolve the Guihan Fund was unanimously agreed upon by all partners during a recent partners' meeting [1] - The company has invested a total of 5 million yuan in the Guihan Fund, which is considered a small amount [1] - The liquidation process will not have a significant impact on the company [1]

Core Insights - Hanlan Environment's subsidiary, Hanlan Bioenergy Technology (Guangdong) Co., Ltd., has signed a cooperation agreement with China Resource International Venture Capital (Shenzhen) Co., Ltd. to enhance collaboration in renewable oil trade, waste oil treatment, green energy, and biomass energy [1] Group 1: Partnership and Strategic Goals - The partnership aims to strengthen technology research and development, market expansion, and resource sharing, focusing on the development and application of emerging energy [1] - China Resource International, a member of China Resource Recycling Group, aims to build a global supply chain for strategic renewable resources and promote green low-carbon circular economy development [1] Group 2: Operational Capabilities - Hanlan Environment operates 19 kitchen waste and animal harmless treatment plants nationwide, producing waste oil and biodiesel annually through a stable raw material supply and efficient industrial park collaboration [2] - The company has established a smart and efficient collection and transportation system for waste oil, significantly improving collection efficiency through real-time monitoring and dynamic route planning [2] Group 3: Technological Advancements - Hanlan Environment focuses on high-value conversion of waste oil, utilizing advanced refining processes to produce sustainable aviation fuel (SAF) raw materials and recycled plastic substrates, aligning with national green development strategies [3] - The collaboration is expected to provide innovative practice cases for the circular economy and contribute to national green low-carbon circular development [3]

Core Viewpoint - A total of 80 stocks have shown a continuous improvement in net profit for two consecutive quarters, indicating a positive trend in profitability [1] Group 1: Profitability Trends - As of the third quarter of 2025, 80 stocks have reported profitability with both the third and second quarters showing sequential net profit growth [1] - Continuous improvement in net profit suggests that these companies are in a phase of sustained profitability enhancement [1] Group 2: Valuation Levels - Among the 80 stocks with improving performance, 29 have a rolling price-to-earnings (PE) ratio below 30 times [1] - Xinhua Insurance has the lowest rolling PE ratio at 7.01 times, while several companies like Zijin Mining, Hanhua Environment, and others have PE ratios ranging from 10 to 20 times [1] Group 3: Capital Inflows - Recently, some low PE ratio stocks with continuous performance improvement have attracted increased investment from financing clients [1] - As of October 20, 2023, seven stocks have seen net financing purchases exceeding 100 million yuan since October, with Zijin Mining leading at a net purchase of 2.349 billion yuan [1]