Group 1 - The core viewpoint of the news is that Longking Environmental Protection Co., Ltd. has experienced fluctuations in its stock price, with a current market value of 20.549 billion yuan and a year-to-date stock price increase of 30.80% [1][2] - As of December 30, the stock price decreased by 2.06% to 16.18 yuan per share, with a trading volume of 88.5187 million yuan and a turnover rate of 0.43% [1] - The company reported a revenue of 7.858 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 18.09%, and a net profit attributable to shareholders of 780 million yuan, up 20.53% year-on-year [2] Group 2 - Longking Environmental Protection's main business segments include environmental equipment manufacturing (64.93%), new energy business (24.59%), project operation revenue (7.34%), and soil remediation (0.87%) [2] - The company has distributed a total of 3.184 billion yuan in dividends since its A-share listing, with 763 million yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased to 44,400, with an average of 28,630 circulating shares per shareholder, a slight decrease of 0.04% [2]

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1]. Core Insights - The release of the CCER methodology for renewable energy electrolysis hydrogen is expected to reshape the economic viability of green hydrogen projects [10][12]. - The environmental protection industry strategy for 2026 emphasizes a dual focus on value and growth, driven by carbon neutrality initiatives [15]. - The report highlights significant growth in the sales of new energy sanitation vehicles, with a year-on-year increase of 64.01% and a penetration rate increase of 6.68 percentage points to 18.6% [22]. - The price of biodiesel remains stable, with slight improvements in profit margins [34]. - The lithium battery recycling sector is experiencing a decline in profitability despite rising metal prices [35]. Summary by Sections CCER Methodology and Green Hydrogen - The CCER methodology for renewable energy electrolysis hydrogen was officially released, enhancing the regulatory framework for green hydrogen projects [10]. - The methodology specifies that it applies only to new projects and emphasizes the use of self-generated renewable energy [11]. - The economic benefits of green hydrogen projects are projected to improve, with investment recovery periods decreasing from 9.21 years to 8.77 years due to CCER revenue [12][13]. Environmental Protection Industry Strategy - The 2026 strategy focuses on the dual themes of value and growth, with an emphasis on market-oriented improvements and operational efficiency [15]. - Key recommendations include focusing on companies with strong cash flow and growth potential, such as Huanlan Environment and Longjing Environmental Protection [15][16]. Sanitation Equipment Market - The sanitation vehicle market saw a total sales volume of 66,563 units in the first eleven months of 2025, with new energy vehicles accounting for 12,383 units sold [22]. - The penetration rate of new energy sanitation vehicles reached 18.6%, indicating a growing trend towards electrification in this sector [22]. Biodiesel Market - The average price of biodiesel remained stable at 8,200 yuan per ton, with a slight improvement in profit margins [34]. - The price difference between UCOME and waste oil is approximately 2,172 yuan per ton, indicating a competitive market environment [34]. Lithium Battery Recycling - The profitability of lithium battery recycling projects has decreased, with average unit profits for lithium carbonate and waste materials showing negative margins [35]. - Despite this, metal prices for lithium, cobalt, and nickel have increased, suggesting potential for future profitability improvements [35][37].

Group 1 - The meeting between the leaders of Jingzhou and Zhang Haibing, the Executive Director of Sinochem Blue Sky, emphasizes the importance of collaboration for economic and social development in Jingzhou [1][2] - Jingzhou is implementing four major strategies: strengthening industries, enhancing logistics, cultural development, and promoting green growth, aiming to improve its strategic support, innovation capacity, and industrial competitiveness [1] - The focus is on developing a modern industrial system represented by three trillion-level advantageous industries, including new energy and new materials, aligning with Sinochem Blue Sky's development direction [1] Group 2 - Sinochem Blue Sky expresses gratitude for the support from Jingzhou's government and acknowledges the solid foundation for cooperation and broad development prospects [2] - The company aims to leverage its advantages to deepen and broaden cooperation with Jingzhou, striving for a higher level of mutual benefit and win-win outcomes [2] - Key representatives from both Sinochem Blue Sky and Jingzhou's government participated in the meeting, indicating a strong commitment to collaboration [2]

Core Viewpoint - The report highlights a significant decline in the production of air pollution control equipment in China, indicating potential challenges for companies in this sector [1]. Industry Summary - According to the National Bureau of Statistics, the production of air pollution control equipment in China is projected to be 29,000 units in October 2025, representing a year-on-year decrease of 11.8% [1]. - From January to October 2025, the cumulative production of air pollution control equipment in China is expected to reach 266,000 units, reflecting a cumulative decline of 17.6% [1]. - The data suggests a downward trend in the market for air pollution control equipment, which may impact investment opportunities and strategies within the industry [1]. Company Summary - Listed companies in the air pollution control sector include Longjing Environmental Protection (600388), Qingxin Environment (002573), Fida Environmental Protection (600526), Xuelang Environment (300385), China Electric Environmental Protection (300172), and Yongqing Environmental Protection (300187) [1]. - These companies may face challenges due to the declining production figures, which could affect their market performance and growth prospects [1].

证券日报网讯12月24日，龙净环保（600388）发布公告称，公司将于2026年1月12日召开2026年第一次 临时股东会。 ...

证券日报网讯12月24日，龙净环保（600388）发布公告称，截至本公告日，公司(含子公司)对并表范围 以外的担保总额为2，405.56万元，占公司最近一期经审计净资产的0.24%；公司(含子公司)对并表范围 以内(含母公司)的担保余额为163，180.58万元，占公司最近一期经审计净资产的16.04%。除此以外，公 司及子公司不存在其他对外担保，亦不存在逾期担保的情形。 ...

截至发稿，龙净环保市值为212亿元。 每经头条（nbdtoutiao）——左手"欠款"右手"豪购"！杨陵江收购"国内酒庄第一股"，1919是否重启上 市？"吹太多牛都实现了，但千亿还没实现，我很着急" （记者 王晓波） 每经AI快讯，龙净环保（SH 600388，收盘价：16.66元）12月24日晚间发布公告称，公司第十届第二十 一次董事会会议于2025年12月24日在公司龙岩总部以现场结合视频通讯的方式召开。会议审议了《关于 预计年度日常关联交易的议案》等文件。 2025年1至6月份，龙净环保的营业收入构成为：环保分部占比74.51%，新能源占比25.49%。 ...

福建龙净环保股份有限公司 董事和高级管理人员薪酬管理制度 第一章 总 则 第一条 为完善福建龙净环保股份有限公司(以下简称"公司")董事、高级管 理人员薪酬及绩效考核管理制度，提高公司经营管理水平和核心竞争力，根据《上 市公司治理准则》《福建龙净环保股份有限公司章程》（以下简称 "公司章程"） 的有关规定，特制定本制度。 第二条 本制度适用于公司董事（包括职工董事、独立董事）及高级管理人员。 第三条 公司董事、高级管理人员薪酬的确定遵循以下原则： （一）体现收入水平符合公司规模与业绩的原则； （二）体现权责对等的原则，薪酬与岗位价值高低、承担责任大小相符； （三）体现公司长远利益的原则，与公司持续健康发展的目标相符； （四）体现激励与约束并重、奖罚对等的原则，薪酬发放与考核挂钩、与奖惩 挂钩。 第二章 管理机构 第四条 公司股东会负责审议董事的薪酬，公司董事会负责审议公司高级管理 人员的薪酬。 第五条 董事会薪酬与考核委员会是董事会设立的专门工作机构，主要负责制 订公司董事及高级管理人员的考核标准并进行考核；负责制订、审查公司董事及高 级管理人员的薪酬政策与方案，对董事会负责。 第三章 薪酬的构成 第六条 公 ...

证券代码：600388 证券简称：龙净环保 公告编号：2025-085 福建龙净环保股份有限公司 关于为子公司提供综合授信担保的公告 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。 重要内容提示： （二）内部决策程序 公司于 2025 年 12 月 24 日召开第十届董事会第二十一次会议，审议通过《关 于为子公司提供综合授信担保的议案》，该议案尚需提交公司股东会审议。在提 交董事会审议前，公司召开了董事会审计委员会 2025 年第八次会议、第十届董 事会独立董事专门会议第八次会议，审议通过了该议案，并同意提交至董事会审 议。 （三）担保预计基本情况 单位：亿元 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 21.00 | 亿元 | 西藏麻米紫金龙净清洁能源有限公司 | | --- | --- | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 | 0.00 | | | | | 是否在前期预计额度内 | 是 | ☑否 | □不适用：_________ | | | 本次担保是否有反担保 ...

证券代码：600388 证券简称：龙净环保 公告编号：2025-084 福建龙净环保股份有限公司 ● 日常关联交易对上市公司的影响：公司与关联人拥有各自生产经营所需的资 源和渠道优势，通过该等关联交易可实现优势互补和资源合理配置。公司的关联交 易定价公允，符合公平、公正原则，不存在损害上市公司和股东利益的情形。本次 日常关联交易预计不会对公司主营业务收入、利润来源产生重大影响，亦不会影响 公司独立性，公司主营业务不会因此类交易而对关联人形成依赖。 ● 回避表决事宜：董事长谢雄辉先生、董事廖元杭先生为关联董事回避表决。 一、日常关联交易基本情况 为满足公司生产经营及业务拓展需要，公司及子公司与控股股东及其关联单 位、合营企业、联营企业等预计将发生的原材料购销、绿电及绿色新能源矿山装备 等日常关联交易。 （一）日常关联交易履行的审议程序 1、公司第十届董事会第二十一次会议审议通过了《关于预计年度日常关联交 易的议案》，公司 10 名非关联董事表决通过了上述关联交易议案。该议案尚须经 公司 2026 年第一次临时股东会审议批准。 2、公司第十届董事会审计委员会 2025 年第八次会议，审议通过了《关于预计 年度日常 ...