General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors, and to regulate its organization and behavior according to relevant laws and regulations [1] - The company was established as Shanghai Environment Group Co., Ltd. following the division of Shanghai Environment Group Co., Ltd. by its shareholder Shanghai Urban Investment Holdings Co., Ltd. [1] - The company was approved by the China Securities Regulatory Commission to publicly issue 702,543,884 shares, with a par value of 1 RMB per share, and was listed on the Shanghai Stock Exchange on March 31, 2017 [1] Company Information - The registered name of the company is Shanghai Environment Group Co., Ltd., with its registered capital amounting to 1,346,230,251 RMB [2] - The company is a permanent stock company, and the chairman serves as the legal representative [2] - The company has a unified social credit code and is registered with the Shanghai Municipal Market Supervision Administration [2] Business Objectives and Scope - The company's business focuses on waste management, including municipal solid waste, sewage treatment, hazardous waste, soil remediation, and resource recycling [3] - The company aims to enhance its core competitiveness and maximize shareholder returns while actively fulfilling social responsibilities [3] Share Issuance - The company issues shares in the form of stocks, adhering to principles of openness, fairness, and justice [4] - The total number of shares issued by the company is 1,346,230,251, all of which are ordinary shares [4] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of the company's operations, and they must comply with laws and the company's articles of association [15][20] - Shareholders holding more than 5% of the shares must report any pledges of their shares to the company [20] Corporate Governance - The company has established a Communist Party organization to conduct party activities and provide necessary conditions for these activities [3] - The company’s board of directors and management must comply with the principles of collective leadership and democratic centralism [12] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring within six months after the end of the previous fiscal year [56] - Shareholders holding more than 10% of the shares can request a temporary meeting [57] Financial Assistance and Guarantees - The company can provide financial assistance for acquiring its shares, but the total amount must not exceed 10% of the total issued capital [5] - Any external guarantees provided by the company must be approved by the shareholders' meeting if they exceed certain thresholds [54]

Core Viewpoint - Shanghai Environment Group Co., Ltd. reported a steady growth in revenue and profit for the first half of 2025, driven by increased project income and operational efficiency in the waste management sector [1][2]. Company Overview and Financial Indicators - The company achieved an operating income of approximately 2.96 billion RMB, representing a 4.68% increase compared to the same period last year [2][10]. - The total profit amounted to approximately 497.77 million RMB, reflecting an 11.53% increase year-on-year [2][10]. - The net profit attributable to shareholders was approximately 335.87 million RMB, an increase of 8.02% from the previous year [2][10]. - The company's total assets reached approximately 30.41 billion RMB, showing a 0.50% increase [2][10]. Business Operations - The company operates 31 waste incineration power generation projects, processing approximately 6.86 million tons of waste and generating 226.26 million kWh of electricity [3][5]. - The company also manages one landfill project and seven waste transfer stations, handling a total of 0.64 million tons of waste and 0.75 million tons of transferred waste, respectively [3][5]. - The wastewater treatment segment includes six projects, with a total treatment capacity of 16.18 million tons [3][5]. Industry Situation - The waste incineration industry is transitioning towards lean operations, focusing on quality improvement and cost reduction through refined management and technological upgrades [5]. - The industry is characterized by a collaborative model involving local governments, engineering firms, and waste disposal service providers, with a focus on sustainable waste management practices [5][6]. Technological Innovation and ESG Initiatives - The company is actively engaged in research and development, with 143 ongoing projects and several patents awarded, emphasizing its commitment to technological advancement in waste management [6][8]. - Shanghai Environment has received multiple awards for its contributions to carbon neutrality and sustainable development, aligning with national strategies for a low-carbon economy [6][8].

Core Viewpoint - Shanghai Environment Group Co., Ltd. reported a slight increase in total assets and net profit for the first half of 2025, indicating stable financial performance amidst ongoing operational developments [1]. Financial Summary - Total assets at the end of the reporting period amounted to CNY 30,414.83 million, reflecting a 0.50% increase compared to the previous period [1]. - Operating revenue reached CNY 2,964.40 million, marking a 4.68% increase year-on-year [1]. - Total profit for the period was CNY 497.77 million, which is an 11.53% increase compared to the previous period [1]. - Net profit attributable to shareholders was CNY 497.77 million, showing a positive trend in profitability [1]. Shareholder Information - The total number of shareholders as of the reporting period was 63,460 [2]. - The largest shareholder, Shanghai Urban Investment (Group) Co., Ltd., holds 46.50% of the shares [2]. - Other significant shareholders include Changjiang Ecological Environmental Group Co., Ltd. with 5.21% and Three Gorges Capital Holdings Co., Ltd. with 4.79% [2].

证券代码：601200 证券简称：上海环境 公告编号：临 2025-021 公司董事会审议通过《上海环境集团股份有限公司 2025 年半年度报告》及 《上海环境集团股份有限公司 2025 年半年度报告摘要》，认为上述报告真实、准 确、完整地反映了公司 2025 年半年度经营成果及期末财务状况，不存在虚假记 载、误导性陈述或者重大遗漏。 上海环境集团股份有限公司 第三届董事会第十九次会议决议公告 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、董事会会议召开情况 上海环境集团股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日以邮 件方式向各位董事发出了召开第三届董事会第十九次会议的通知和资料。会议于 事 9 人。本次会议的召集和召开符合有关法律、法规和公司章程的规定。 二、董事会会议审议情况 （一）以 9 票同意、0 票反对、0 票弃权通过了《关于公司 2025 年半年度报 告及摘要的议案》 本议案已经公司董事会审计委员会审议通过，并同意提交董事会审议。 具体内容详见公司在上海证券交易所网站（www.sse. ...

证券代码：601200 证券简称：上海环境 公告编号：临 2025-024 上海环境集团股份有限公司 关于召开2025年第一次临时股东会的通知 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： ? 股东会召开日期：2025年9月15日 一、 召开会议的基本情况 (一) 股东会类型和届次 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 15 日 14 点 00 分 召开地点：上海市徐汇区石龙路 345 弄 11 号 1 楼多功能厅 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 ? 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 15 日 至2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:1 ...

Group 1: Core Views - The report evaluates the financial status and risk management of Shanghai Urban Investment Group Financial Co., Ltd. (城投财务公司) as of June 30, 2025, indicating a stable operational environment and sound risk management practices [1][11]. Group 2: Company Overview - 城投财务公司 was established on December 20, 2019, with a registered capital of 1 billion RMB, where Shanghai Urban Investment (Group) Co., Ltd. holds a 20% stake [1]. - The company operates under a governance structure that includes a board of directors, a supervisory board, and various specialized committees [2][4]. Group 3: Business Operations - The main approved business activities include accepting deposits, providing loans, and conducting financial advisory services for member units [2]. - As of June 30, 2025, the company reported total assets of 13.333 billion RMB and total liabilities of 12.114 billion RMB, with an operating income of 117 million RMB [11]. Group 4: Risk Management - The company has established a multi-tiered risk management framework, including a board-level risk management committee and various operational departments responsible for risk identification and assessment [4][8]. - The risk management strategy emphasizes compliance and liquidity, with a focus on maintaining a robust internal control system [9]. Group 5: Regulatory Compliance - As of June 30, 2025, the company met all regulatory requirements, including a capital adequacy ratio of 20.74%, significantly above the minimum requirement of 10% [11]. - The company has not identified any significant deficiencies in its risk control systems related to financial reporting, credit, or information management [12]. Group 6: Financial Health - The company maintains a healthy liquidity position, with deposits from the parent company and subsidiaries amounting to 197 million RMB and loans totaling 95 million RMB as of June 30, 2025 [12]. - The overall risk is considered manageable, with adequate capital reserves and a strong internal control framework in place [12].

证券代码：601200 证券简称：上海环境 公告编号：临 2025-022 上海环境集团股份有限公司关于取消监事会 并修订《公司章程》及其附件的公告 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。 上海环境集团股份有限公司（以下简称公司）于 2025 年 8 月 26 日召开的第 三届董事会第十九次会议分别审议通过了《关于取消监事会并修订 <公司章程> 的议案》《关于修订 <股东会议事规则> 的议案》《关于修订 <董事会议事规则> 的 议案》。 一、取消监事会 根据《中华人民共和国公司法》 （以下简称《公司法》）、 《上市公司章程指引》 等法律法规规定，结合公司实际情况，公司将不再设置监事会，监事会的职权由 董事会审计委员会行使。《上海环境集团股份有限公司监事会议事规则》相应废 止，同时《上海环境集团股份有限公司章程》 （简称《公司章程》）及附件中相关 条款亦作出相应修订。在公司股东会表决通过取消监事会事项前，公司监事会仍 将严格按照《公司法》等法律法规的要求，勤勉尽责，履行监督职能，维护公司 和全体股东利益。 二、修订公司章 ...

Core Points - The company reported its main operational data for the first half of 2025, highlighting significant figures in waste incineration and electricity generation [1] - The total electricity generation from waste incineration projects reached 2,693.79 million kWh, with grid-connected electricity amounting to 2,262.56 million kWh [1] Summary by Category Electricity Generation - Cumulative electricity generation by region includes: - Jiangsu Province: 145.00 million kWh, grid-connected: 125.13 million kWh, grid price: 0.65 yuan/kWh [1] - Shandong Province: 276.17 million kWh, grid-connected: 242.01 million kWh, grid price: 0.65 yuan/kWh [1] - Fujian Province: 234.27 million kWh, grid-connected: 196.61 million kWh, grid price: 0.65 yuan/kWh [1] - Henan Province: 132.93 million kWh, grid-connected: 112.84 million kWh, grid price: 0.65 yuan/kWh [1] - Anhui Province: 49.99 million kWh, grid-connected: 41.76 million kWh, grid price: 0.65 yuan/kWh [1] - Shanxi Province: 192.28 million kWh, grid-connected: 163.37 million kWh, grid price: 0.51~0.65 yuan/kWh [1] - Sichuan Province: 136.18 million kWh, grid-connected: 114.09 million kWh, grid price: 0.65 yuan/kWh [1] - Zhejiang Province: 308.95 million kWh, grid-connected: 259.65 million kWh, grid price: 0.65 yuan/kWh [1] - Shanghai City: 1,212.27 million kWh, grid-connected: 1,002.37 million kWh, grid price: 0.50~0.65 yuan/kWh [1] - Hebei Province: 5.75 million kWh, grid-connected: 472.59 million kWh, grid price: 0.55~0.65 yuan/kWh [1] Wastewater Treatment - The total volume of wastewater treated in the first half of 2025 was 1,618.40 million tons [1]

格隆汇8月27日丨上海环境(601200.SH)发布2025半年度报告，公司上半年实现营业收入29.64亿元，同比 增长4.68%；归母净利润3.36亿元，同比增长8.02%；扣非归母净利润3.23亿元，同比增长4.85%。 ...

上海环境集团股份有限公司 独立董事专门会议工作细则 （2025年8月修订稿） 第一章 总 则 第一条 为完善上海环境集团股份有限公司（以下简称公司） 法人治理，保护中小股东及利益相关者的利益，促进公司的规范运 作，根据《中华人民共和国公司法》《中华人民共和国证券法》《 上市公司独立董事管理办法》《上市公司治理准则》《上海证券交 易所股票上市规则》《上海证券交易所上市公司自律监管指引第1号 ——规范运作》等法律、法规和规范性文件，以及《上海环境集团 股份有限公司章程》（以下简称《公司章程》）、《上海环境集团 股份有限公司独立董事工作制度》的有关要求，并结合公司实际情 况，制定本细则。 第二条 独立董事是指不在公司担任除董事外的其他职务，并 与公司及主要股东、实际控制人不存在直接或者间接利害关系，或 者其他可能影响其进行独立客观判断关系的董事。 独立董事专门会议是指全部由公司独立董事参加的会议。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应 当按照法律、行政法规、中国证券监督管理委员会（以下简称中国 证监会）规定、上海证券交易所业务规则和《公司章程》的规定， 认真履行职责，在董事会、董事会专门委员会及独 ...