Financial Performance - The company's operating revenue for Q3 2024 was ¥2,907,021,433.17, a decrease of 4.21% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥498,145,900.73, an increase of 4.65% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥494,975,394.97, reflecting a 5.94% increase compared to the previous year[2] - For the first three quarters of 2024, the company achieved operating revenue of 8.731 billion CNY, a decrease of 231 million CNY or 2.58% year-on-year, while the main business revenue was 8.507 billion CNY, down 221 million CNY or 2.53%[8] - The net profit attributable to shareholders for the same period was 1.385 billion CNY, an increase of 219 million CNY or 18.82% year-on-year[8] - The net profit for the first three quarters of 2024 was CNY 1,408,113,087.08, compared to CNY 1,193,909,132.70 in the same period of 2023, marking an increase of 17.92%[36] - Basic earnings per share for Q3 2024 was CNY 1.70, compared to CNY 1.43 in Q3 2023, representing an increase of 18.9%[38] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥37,466,342,317.39, representing a 4.66% increase from the end of the previous year[3] - The total liabilities increased to CNY 23,653,256,148.84 in Q3 2024 from CNY 22,957,829,359.07 in Q3 2023, reflecting a growth of 3.02%[36] - The total equity attributable to shareholders of the parent company reached CNY 13,123,487,605.86, up 8.29% from CNY 12,118,946,662.81 in the previous year[36] - The total assets of the company increased to CNY 37,466,342,317.39 in Q3 2024 from CNY 35,797,699,471.38 in Q3 2023, reflecting a growth of 4.66%[36] - The total current assets as of September 30, 2024, amounted to 9,321,317,128.80 RMB, an increase from 7,807,503,085.29 RMB at the end of 2023[31] Cash Flow - The company reported a net cash flow from operating activities of ¥1,342,912,405.22 for the year-to-date, a decrease of 17.66% year-on-year[4] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 1,342,912,405.22, a decrease of 17.7% compared to CNY 1,631,034,042.92 in the same period of 2023[39] - The cash inflow from operating activities totaled ¥2,964,489,303.78 in the first three quarters of 2024, down from ¥4,754,140,829.76 in the same period of 2023[45] - The company reported a total operating cash inflow of CNY 8,047,017,860.50, down 2.7% from CNY 8,270,736,846.33 in the previous year[39] Business Segments - The solid waste treatment business generated main business revenue of 4.511 billion CNY, accounting for 53.03% of the company's main business revenue, with a year-on-year decrease of 0.97%[9] - The net profit from the solid waste treatment business was 954 million CNY, an increase of 124 million CNY or 14.89% year-on-year, indicating strong core growth[9] - The energy business reported main business revenue of 2.784 billion CNY, a decrease of 181 million CNY or 6.11% year-on-year, primarily due to a decline in natural gas sales prices[11] - The water supply business generated main business revenue of 709 million CNY, remaining stable year-on-year, and the company was recognized as a 5A-level water supply service enterprise[12] - The drainage business achieved main business revenue of 503 million CNY, a year-on-year increase of 58 million CNY or 12.91%, driven by new operational income from expansion projects[13] Investments and Projects - The company plans to privatize Guangdong Feng Environmental Power Co., Ltd. through its subsidiary, enhancing its industry position and profitability[30] - The company has confirmed revenue projects in organic waste treatment and waste transfer stations, with capacities of 39 tons/day and 150 tons/day respectively[27] - The company has ongoing projects in waste transfer stations with a capacity of 150 tons/day expected to generate revenue in the first half of 2025[28] - The company has a planned biomass resource utilization center project with a capacity of 400 tons/day, expected to confirm revenue in 2026[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,408, with the top ten shareholders holding a combined 69.99% of shares[14] Operational Metrics - The company processed 968.35 thousand tons of waste in the first nine months of 2024, a 3.14% increase from 938.86 thousand tons in the same period of 2023[17] - The electricity generation from waste processing reached 363,729.21 thousand kWh, up 5.14% from 345,939.88 thousand kWh year-on-year[17] - The sales volume of hydrogen increased by 168.57%, reaching 596,324.59 kg compared to 222,033.00 kg in the same period of 2023[20] - The company experienced a 19.47% increase in kitchen waste processing volume, totaling 33.50 thousand tons compared to 28.04 thousand tons in the previous year[18] - The company reported a 33.30% increase in heating supply, reaching 104.23 thousand tons compared to 78.19 thousand tons in the previous year[19]

Financial Performance - The net profit attributable to the parent company for the first three quarters of 2024 is expected to increase by approximately 21.937 million yuan, representing a year-on-year growth of 18.82%[2] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to increase by approximately 22.901 million yuan, representing a year-on-year growth of 20.14%[2] - The estimated net profit for the first three quarters of 2024 is 138.528 million yuan, compared to 116.59131 million yuan in the same period last year[3][4] - The estimated net profit after deducting non-recurring gains and losses for the first three quarters of 2024 is 136.628 million yuan, compared to 113.72753 million yuan in the same period last year[3][4] Revenue Contribution - The increase in net profit is primarily due to significant progress in the power generation revenue from the wholly-owned subsidiary, which is expected to contribute approximately 120 million yuan to the current net profit[5] Operational Efficiency - The company has successfully implemented cost reduction and efficiency enhancement measures, maintaining a high level of operational efficiency[5] Forecast Accuracy - There are currently no significant uncertainties affecting the accuracy of this earnings forecast[6] - The preliminary financial data provided is subject to confirmation in the third-quarter report to be disclosed on October 28, 2024[7]

股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-051 瀚蓝环境股份有限公司 关于重大资产重组进展公告 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。 一、本次交易概述 瀚蓝环境股份有限公司（以下简称"公司"）拟通过控股子公司瀚蓝（香港） 环境投资有限公司（以下简称"瀚蓝香港"），以协议安排方式私有化香港联合交 易所有限公司（以下简称"香港联交所"）上市公司粤丰环保电力有限公司（以下 简称"粤丰环保"），从而使粤丰环保成为瀚蓝香港控股子公司并从香港联交所退 市（以下简称"本次交易"）。本次交易将达到《上市公司重大资产重组管理办法》 规定的重大资产重组标准，构成重大资产重组。 二、本次交易的进展情况 （一）本次交易先决条件的进展情况 公司已于 2024 年 7 月 22 日、8 月 23 日分别披露《重大资产购买预案》及《重 大资产购买预案（修订稿）》，本次交易在达成先决条件的前提下，将根据开曼群 岛公司法第 86 条以协议安排的方式向粤丰环保计划股东提出将粤丰环保私有化之 建议，并在条件达成的情况下该私有化建议 ...

二、本次交易的进展情况 （一）本次交易先决条件的进展情况 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。 一、本次交易概述 瀚蓝环境股份有限公司（以下简称"公司"）拟通过控股子公司瀚蓝（香港） 环境投资有限公司（以下简称"瀚蓝香港"），以协议安排方式私有化香港联合交 易所有限公司（以下简称"香港联交所"）上市公司粤丰环保电力有限公司（以下 简称"粤丰环保"），从而使粤丰环保成为瀚蓝香港控股子公司并从香港联交所退 市（以下简称"本次交易"）。本次交易将达到《上市公司重大资产重组管理办法》 规定的重大资产重组标准，构成重大资产重组。 股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-049 瀚蓝环境股份有限公司 关于重大资产重组进展公告 公司已于 2024 年 7 月 22 日、8 月 23 日分别披露《重大资产购买预案》及《重 大资产购买预案（修订稿）》，本次交易在达成先决条件的前提下，将根据开曼群 岛公司法第 86 条以协议安排的方式向粤丰环保计划股东提出将粤丰环保私有化之 建议，并在条件达成的情况下该私有化建议 ...

股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-048 瀚蓝环境股份有限公司 关于重大资产重组进展的公告 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法律责任。 一、本次交易概述 瀚蓝环境股份有限公司（以下简称"公司"）拟通过控股子公司瀚蓝（香港） 环境投资有限公司（以下简称"瀚蓝香港"），以协议安排方式私有化香港联合交 易所有限公司（以下简称"香港联交所"）上市公司粤丰环保电力有限公司（以下 简称"粤丰环保"），从而使粤丰环保成为瀚蓝香港控股子公司并从香港联交所退 市（以下简称"本次交易"）。本次交易将达到《上市公司重大资产重组管理办法》 规定的重大资产重组标准，构成重大资产重组。 二、本次交易的进展情况 公司已于 2024 年 7 月 22 日、8 月 23 日分别披露《重大资产购买预案》及《重 大资产购买预案（修订稿）》。截至本公告披露日，本次交易涉及的境外融资安排 并提供担保事项、开展外汇衍生品交易业务事项、向子公司增资事项等已经公司 2024 年第一次临时股东大会审议通过。本次交易已取得佛山市人民政府国有资产 ...

股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-047 瀚蓝环境股份有限公司 关于重大资产重组进展公告 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。 特此公告。 一、情况概述 瀚蓝环境股份有限公司董事会 瀚蓝环境股份有限公司（以下简称"公司"）拟通过间接控股子公司瀚蓝（香 港）环境投资有限公司（以下简称"瀚蓝香港"），以协议安排方式私有化香港联 合交易所有限公司（以下简称"香港联交所"）上市公司粤丰环保电力有限公司（以 下简称"粤丰环保"或"标的公司"），从而使粤丰环保成为瀚蓝香港控股子公司 并从香港联交所退市（以下简称"本次交易"）。本次交易将达到《上市公司重大 资产重组管理办法》规定的重大资产重组标准，构成重大资产重组。具体内容详见 公司于 2024 年 7 月 22 日和 2024 年 8 月 23 日于上海证券交易所网站 （www.sse.com.cn）披露的《瀚蓝环境股份有限公司重大资产购买预案》和《瀚蓝 环境股份有限公司重大资产购买预案（修订稿）》。 根据本次交易的安排，通过国家市场监督管理总局的 ...

证券研究报告 | 半年报点评 gszqdatemark 2024 08 27 年 月 日 相关研究 瀚蓝环境（600323.SH） 业绩持续增长，"大固废"战略深入推进 2024H1 利润持续增长。公司发布 2024 半年度报告，上半年实现营收 58.2 亿元，yoy-1.7%，实现归母净利润 8.9 亿元，yoy+28.6%。公司净 利润同比增长而营业收入同比下降的主要原因是：（1）固废工程业务收入 规模下降导致营业收入下降；（2）济宁项目补确认 2020 年 11 月至 2024 年 6 月电费收入影响净利润约 1.2 亿元；（3）天然气业务进销价差有所改 善，能源业务经营情况有所好转，实现净利润约 1.2 亿元，比去年同期增 加约 0.6 亿元；（4）公司持续落实降本增效举措取得良好成效。 盈利能力显著改善，费用管控合理，经营净现金流稳健。2024H1，公司实 现综合毛利率 31.2%（yoy+5.3pct），主要系固废业务及排水业务本期经 营回款增加。三费合计比率 10.8%（（yoy+0.5pct），其中，销售费用率/管 理费用率/财务费用率分别为 1.0%/5.5%/4.3%，yoy+0.02pc ...

证券研究报告·公司点评报告·环保 瀚蓝环境（600323） 2024 年中报点评：业绩同增 29%，经营性现 金流净额大幅改善 2024 年 08 月 27 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|--------|-------|-------|-------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 12875 | 12541 | 12733 | 13371 | 14130 | | 同比（ % ） | 9.33 | (2.59) | 1.53 | 5.02 | 5.67 | | 归母净利润（百万元） | 1142 | 1430 | 1679 | 1739 | 1881 | | 同比（ % ） | (1.88) | 25.23 | 17.41 | 3.57 | 8.17 | | EPS- 最新摊薄（元 / 股） | 1.40 | 1.75 | 2.06 | ...

%% %% 丨证券研究报告丨 公司研究丨点评报告丨瀚蓝环境（600323.SH） [Table_Title] 瀚蓝环境 2024H1 业绩点评：收入结构持续 好转，期待并购粤丰增厚 EPS | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------|-------|-------| | 报告要点 | | | | [Table_Summary] 瀚蓝环境发布 2024 年半年报， 2024 年上半年实现营业收入 58.24 亿元，同比下滑 1.74% ，扣 | | | | 非归母净利润 8.71 亿元，同比增长 30.04% 。收入下滑主要是在建工程逐渐投运所致，利润增 | | | | 长主要是济宁项目补确认 2020 年 11 月至 2024 年 6 月电费收入影响约 1.2 亿元。近期公告启 | | | | 动收购粤丰环保控股权，如果顺利完成，公司将持有粤丰环保 52.4% 股权，考虑财务费 ...

环保 证 券 研 究 报 告 请务必仔细阅读正文之后的各项信息披露与声明 上 市 公 司 公 司 研 究 / 公 司 深 度 2024 年 08 月 26 日 瀚蓝环境 (600323) ——稳健运营的综合环境服务商，成长与分红兼备 报告原因：首次覆盖 | --- | --- | |------------------------------------|-------------------------------| | | | | | | | 市场数据： | 2024 年 08 月 23 日 | | 收盘价（元） | 21.36 | | 一年内最高/最低（元） | 23.32/14.15 | | 市净率 息率（分红/股价） | 1.4 2.25 | | 流通 A 股市值（百万元） | 17,416 | | 上证指数 / 深证成指 | 2,854.37/8,181.92 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |------------------------------|-------------------------------| | 基础数据 : | 202 ...