Financial Performance - The company's operating revenue for the first half of 2024 was CNY 5,824,297,794.14, a decrease of 1.74% compared to CNY 5,927,425,756.32 in the same period last year[13]. - Net profit attributable to shareholders increased by 28.59% to CNY 887,134,621.05, up from CNY 689,884,377.45 in the previous year[13]. - The net cash flow from operating activities surged by 249.67% to CNY 941,006,365.41, compared to CNY 269,115,694.95 in the same period last year[13]. - Basic earnings per share rose by 28.24% to CNY 1.09, compared to CNY 0.85 in the same period last year[14]. - The net profit from the natural gas business improved to approximately 117 million RMB, an increase of about 57 million RMB compared to the same period last year[15]. - The net profit attributable to shareholders increased by 28.59% to 0.887 billion RMB, and the net profit excluding non-recurring gains and losses rose by 30.04% to 0.871 billion RMB[27]. - The company reported a net profit of CNY 887,134,621.05 for the first half of 2024, contributing to a total comprehensive income of CNY 870,488,326.97[118]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 37,095,210,608.52, reflecting a 3.62% increase from CNY 35,797,699,471.38 at the end of the previous year[13]. - The net assets attributable to shareholders increased by 3.99% to CNY 12,602,386,677.07, compared to CNY 12,118,946,662.81 at the end of the previous year[13]. - Total liabilities rose to CNY 23,745,977,985.05, up from CNY 22,957,829,359.07, reflecting an increase of around 3.4%[104]. - Shareholders' equity increased to CNY 13,349,232,623.47 from CNY 12,839,870,112.31, marking a growth of about 4.0%[104]. - The company's total assets increased to CNY 37,095,210,608.52, up from CNY 35,797,699,471.38, representing a growth of approximately 3.6%[103]. Revenue Sources - The decrease in operating revenue was primarily due to a decline in solid waste engineering business revenue[14]. - The solid waste treatment business generated main business revenue of 3.051 billion RMB, accounting for 53.68% of the main business revenue, with a year-on-year decrease of 1.65%[28]. - Energy business achieved revenue of 1.852 billion CNY in H1 2024, accounting for 32.57% of total revenue, a decrease of 4.28% year-on-year[32]. - Water supply business generated revenue of 448 million CNY in H1 2024, representing a year-on-year increase of 1.64%[33]. - Drainage business revenue reached 334 million CNY in H1 2024, a growth of 9.40% year-on-year, primarily due to the operational income from the Danzao Jinsha plant expansion project[34]. Cash Flow - The net cash flow from operating activities for the first half of 2024 increased by 249.67% year-on-year, reaching 961 million RMB, which is an increase of 557 million RMB or 137.71% year-on-year after excluding the impact of explanatory note 14[15]. - The company reported a loan repayment rate of 100% for the current period, maintaining the same level as the previous year[100]. - The total cash inflow from operating activities was impacted by a decrease in cash received from tax refunds, which fell to ¥1,510,095,558.85 from ¥2,233,825,288.34 year-over-year[116]. Environmental and Technological Initiatives - The company has established a complete ecological environment service industry chain, enhancing its risk resistance capabilities[19]. - The "Hanlan Model" for solid waste treatment has been recognized as an industry benchmark, promoting the goal of a "waste-free city" and achieving significant resource utilization[20]. - The company is developing the first "Waste-Free City Digital Brain" to enhance operational efficiency and regulatory oversight in solid waste management[21]. - The automation rate of the garbage crane system has reached over 90%, showcasing the company's leading position in intelligent operations within the industry[22]. - The company is focusing on technology research and development, with a three-in-one operational model for technology development, industry incubation, and venture capital[23]. Risk Management - The company has not disclosed any significant risks that could materially affect its operations during the reporting period[4]. - The company faces risks related to policy changes affecting the renewable energy subsidy, which could impact its solid waste business development[61]. - The company plans to enhance internal efficiency, strengthen technological innovation, and improve cost control to mitigate risks and expand revenue sources[62]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 27,544[92]. - The top shareholder, Foshan Nanhai Water Supply Group Co., Ltd., holds 139,810,227 shares, representing 17.15% of the total shares[93]. - Guangdong Nanhai Holding Group Co., Ltd. increased its holdings by 55,000 shares, totaling 125,984,871 shares or 15.45%[93]. Corporate Governance - The company appointed Zhang Houxiang as the new chairman of the board, succeeding Chen Guocan, who resigned to support the company's development and ensure a smooth transition[74]. - The company reported no profit distribution or capital reserve transfer plans for the half-year period[75]. - The company has not reported any major litigation or arbitration matters during the reporting period[88]. Financial Reporting and Compliance - The financial statements are prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[129]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[130]. - The company recognizes revenues, expenses, and profits from disposed subsidiaries and businesses up to the disposal date in the consolidated profit and loss statement[139].

瀚蓝环境股份有限公司重大资产购买预案（摘要） 截至本预案摘要签署日，与本次重组相关的审计报告、估值报告工作尚未完 成，相关审计及估值结果将在重组报告书中予以披露。本公司及董事会全体成员 保证本预案摘要所引用的相关数据的真实性和合理性。 本预案摘要所述本次重大资产重组相关事项的生效和完成尚须股东大会的 批准。审批机关对本次重大资产重组相关事项所做的任何决定或意见，均不表明 其对本公司股票的价值或投资者的收益作出实质性判断或保证。 请全体股东及其他公众投资者认真阅读有关本次重大资产重组的全部信息 披露文件，做出谨慎的投资决策。本公司将根据本次重大资产重组进展情况，及 时披露相关信息，提请股东及其他投资者注意。 股票代码：600323 股票简称：瀚蓝环境 上市地点：上海证券交易所 瀚蓝环境股份有限公司 重大资产购买预案（摘要）（修订稿） | 潜在交易对方 | 住所及通讯地址 | | --- | --- | | 粤丰环保电力有限公司的全体计划股东、全 | —— | | 体购股权持有人 | | 二〇二四年八月 瀚蓝环境股份有限公司重大资产购买预案（摘要） 上市公司声明 本公司及全体董事、监事、高级管理人员保证本预案摘要 ...

股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-044 瀚蓝环境股份有限公司 关于上海证券交易所《关于对瀚蓝环境股份有限公司 重大资产购买预案的问询函》的回复公告 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。 瀚蓝环境股份有限公司（以下简称"公司"）于 2024 年 8 月 2 日收到上海证 券交易所《关于对瀚蓝环境股份有限公司重大资产购买预案的问询函》（上证公函 【2024】1066 号）（以下简称"《问询函》"）。根据《问询函》的相关要求，公 司对有关问题进行了认真分析和研究，并逐项予以落实和回复。同时，公司根据《问 询函》的回复内容对《瀚蓝环境股份有限公司重大资产购买预案》及其摘要进行了 补充披露，并以楷体加粗标明。现就公司作出的回复说明内容公告如下： 如无特别说明，本回复中的简称与名词的释义与重组预案中相同。 问题一、预案披露，公司拟批准瀚蓝（香港）环境投资有限公司（以下简称瀚 蓝香港）作为要约人，在满足先决条件的前提下向计划股东和购股权持有人提出 私有化粤丰环保电力有限公司（以下简称标的公司或粤丰环 ...

股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-045 瀚蓝环境股份有限公司 关于向子公司增资的进展公告 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、本次增资的概述 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"），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"本次私有化交易"）。本次私有化交易将达到《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。 为顺利推进本次私有化交易，公司拟通过全资子公司佛山市南海瀚蓝固废处 理投资有限公司，与广东南海上市公司高质量发展股权投资基金合伙企业（有限 合伙）（以下简称"高质量发展基金"）以非公开协议增资的方式，共同向公司 境内间接子公司瀚蓝（佛山）投资有限公司（以下简称"瀚蓝佛山"）合计增资 人民币 40.2 亿元。 瀚蓝佛山增资 ...

瀚蓝环境股份有限公司重大资产购买预案 股票代码：600323 股票简称：瀚蓝环境 上市地点：上海证券交易所 瀚蓝环境股份有限公司 重大资产购买预案（修订稿） | 潜在交易对方 | 住所及通讯地址 | | --- | --- | | 粤丰环保电力有限公司的全体计划股东、全 | —— | | 体购股权持有人 | | 二〇二四年八月 瀚蓝环境股份有限公司重大资产购买预案 上市公司声明 本公司及全体董事、监事、高级管理人员保证本预案及其摘要内容的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并对本次交易预案及其 摘要内容的真实性、准确性和完整性承担个别和连带的法律责任。 截至本预案签署日，与本次重组相关的审计报告、估值报告工作尚未完成， 相关审计及估值结果将在重组报告书中予以披露。本公司及董事会全体成员保证 本预案及其摘要所引用的相关数据的真实性和合理性。 本预案所述本次重大资产重组相关事项的生效和完成尚须股东大会的批准。 审批机关对本次重大资产重组相关事项所做的任何决定或意见，均不表明其对本 公司股票的价值或投资者的收益作出实质性判断或保证。 请全体股东及其他公众投资者认真阅读有关本次重大资产重组的全部 ...

截至本公告披露日，《问询函》的回复内容已基本完成，目前公司正在按照相 关要求对相应内容进行补充完善。为确保回复内容的真实、准确、完整，公司向上 海证券交易所申请延期不超过 5 个交易日回复。在此期间，公司将积极协调各方 加快工作进度，以期尽快提交回复并及时履行信息披露义务。 公司指定的信息披露媒体为《中国证券报》《上海证券报》《证券时报》《证 券日报》及上海证券交易所网站（www.sse.com.cn），有关公司信息均以公司在上 述指定媒体披露信息为准，敬请广大投资者注意投资风险。 特此公告。 瀚蓝环境股份有限公司董事会 股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-043 瀚蓝环境股份有限公司 关于延期回复上海证券交易所 《关于对瀚蓝环境股份有限公司重大资产购买预案的 问询函》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。 瀚蓝环境股份有限公司（以下简称"公司"）于 2024 年 8 月 2 日收到上海证 券交易所《关于对瀚蓝环境股份有限公司重大资产购买预案的问询函》（上证公函 【2024】1066 ...

各位领导好那欢迎参加我们顾费系列的第四场这个线上的汇报今天主要是对汉兰环境再做一个基本面上的这样的一个深度的梳理那汉兰的话其实是我们看到在垃圾焚烧行业进入到一个平稳发展时期也是率先去开启了这个整合的一个新增程那尤其是最近它其实 不断的在去推进这个月丰环保四化那么汉南和月丰如果是整合了之后也将越深成为整个中国就是这一块垃圾全商行业前三的一个规模体量那无论对于海南环境自身的这个盈利还是可持续性的一个新金流都有一个优异的一个增厚 另外其实汉兰环境在历史发展过程中也是通过并购创冠去证明了它在做整合做这种协同经营上的一些能力所以大家也是会愿意相信在越风环保做了一个私有化整合之后的话会有一个更广阔的协同增效的一个空间 那首先的话我们还是先对汉兰环境自身现在体内的一个业务先做一个梳理然后再去看就是岳峰并购之后这个交易的方案以及并购之后对于汉兰本身盈利还有新金流的一个增量情况那就汉兰环境自身的这个发展来看的话它现在主要的一个业务包含顾费板块、垃圾焚烧以及一些协同的一些业务还有就是供水 就是供水的业务排水的业务那主要是这三块从2023年的一个表现情况来看的话整个顾费的营业收入体量是有64亿人民币左右占到总体营收是占到53%那么 ...

Summary of Conference Call on Hanlan Environment Industry Overview - The waste incineration industry is entering a stable development phase, with Hanlan Environment being a leader in initiating integration within this sector [1] Core Insights and Arguments - Hanlan Environment is recognized for its proactive approach in the waste incineration industry, particularly in leading the integration process [1] Other Important Content - The call emphasizes the importance of understanding the fundamental aspects of Hanlan Environment as it navigates through the current market dynamics [1]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 29.10 CNY per share [3]. Core Insights - The privatization plan for Yuefeng is expected to significantly increase capacity and cash flow, potentially doubling them. The acquisition price is approximately 40.2 billion CNY, with additional bank loans of up to 61 billion CNY, totaling around 111 billion HKD for 92.77% of Yuefeng's shares. Post-transaction, the company is projected to hold 52% of Yuefeng, leading to an estimated profit increase of 310 million CNY, representing a 22% elasticity based on the 2023 net profit [1][11]. - The company has a history of steady growth, with past acquisitions leading to a market cap exceeding 18 billion CNY. From 2015 to 2021, the company maintained a growth rate of around 30%, aligning with a PE ratio of 20x to 25x. Recent performance has stabilized, with improved cash flow and new growth expectations from the acquisition [1]. - The integration of solid waste assets is becoming increasingly valuable, with the company and Yuefeng being key players in Guangdong's solid waste sector. Their overlapping project areas allow for operational synergies, enhancing their competitive edge and potential for dividend increases [1]. - Profit forecasts for the company from 2024 to 2026 are projected at 1.685 billion CNY, 1.720 billion CNY, and 1.825 billion CNY, respectively, with corresponding PE ratios of 10.15, 9.95, and 9.38 [2]. Summary by Sections Section 1: Privatization of Yuefeng - The company announced a privatization plan for Yuefeng, with a total transaction value of approximately 110.9 to 111.0 billion HKD. The plan involves acquiring 92.8% of Yuefeng's shares, with the company expected to hold 52% post-transaction [11][12]. Section 2: Yuefeng's Financial Stability - Yuefeng has a total operational capacity of 43,700 tons per day, with half located in Guangdong. The company reported a net profit of 900 million CNY in 2023, with a significant portion of its revenue coming from waste-to-energy projects [17][20]. Section 3: Capacity and Profitability Projections - The company anticipates a near doubling of capacity and cash flow post-acquisition, with a projected stable profit of 1.8 billion CNY by 2026 if the privatization is successful. The current market PE for the solid waste industry averages 13x, indicating a potential upside of 39% to 62% for the company's market valuation [1][2]. Section 4: Financial Forecasts - Revenue forecasts for the company are set at 12.875 billion CNY for 2022, with a slight decline to 12.541 billion CNY in 2023, followed by a recovery to 13.153 billion CNY in 2024. The expected growth rates for the following years are 4.9%, 3.4%, and 4.1% [2].

股票简称：瀚蓝环境 股票代码：600323 编号：临 2024-040 瀚蓝环境股份有限公司 关于重大资产重组进展公告 2024 年 8 月 2 日，公司收到上海证券交易所《关于对瀚蓝环境股份有限公司 重大资产购买预案的问询函》（上证公函【2024】1066 号）（以下简称"《问询 函》"），公司正在积极就《问询函》所列问题进行研究并准备回复，《问询函》 的具体内容详见公司于 2024 年 8 月 2 日在上交所网站（www.sse.com.cn）披露的 《关于收到上海证券交易所<关于对瀚蓝环境股份有限公司重大资产购买预案的 问询函>的公告》（公告编号：临 2024-039）。 自本次交易首次披露以来，公司积极推进本次交易相关的各项工作。截至本公 告披露日，本次交易所涉及的审计和估值等相关工作尚未完成。公司将在审计、估 值等相关工作完成后，再次召开董事会审议本次交易的相关事项，并由董事会召集 股东大会审议上述议案及其它与本次交易相关的议案。 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 ...