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].

Core Viewpoint - Shanghai Environment Group Co., Ltd. has decided to abolish its supervisory board and amend its articles of association accordingly, transferring the supervisory functions to the audit committee of the board of directors [1][2]. Group 1: Abolishment of Supervisory Board - The company will no longer establish a supervisory board, with its powers being transferred to the audit committee of the board of directors [1][2]. - The decision to abolish the supervisory board was made in accordance with the Company Law of the People's Republic of China and relevant regulations [1][2]. - The supervisory board will continue to perform its supervisory duties until the shareholders' meeting votes on the abolishment [1]. Group 2: Amendments to Articles of Association - The articles of association will be revised to reflect the abolishment of the supervisory board and the transfer of its powers to the audit committee [2][3]. - Key amendments include changes to the provisions regarding the company's organizational structure and the rights and obligations of shareholders [2][3]. - The revised articles will become legally binding documents governing the company's operations and relationships among shareholders, directors, and senior management [4][5].

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 ...

上海环境集团股份有限公司 募集资金使用管理办法 第一章 总则 第一条 为规范上海环境集团股份有限公司（以下简称公司）募集资金的管 理和使用，最大限度的保障投资者的利益，根据《中华人民共和国证券法》《首 次公开发行股票注册管理办法》《上市公司证券发行注册管理办法》《上市公司 信息披露管理办法》《上海证券交易所股票上市规则》（以下简称《股票上市规 则》）、《上市公司募集资金监管规则》《上海证券交易所上市公司自律监管指 引第 1 号—规范运作》等有关法律、法规的规定和要求，结合公司的实际情况， 制定本管理办法。 第二章 募集资金存储 第六条 公司应当审慎选择商业银行并开设募集资金专项账户，将募集资金 存放于经董事会批准设立的专项账户集中管理和使用。募集资金专项账户不得存 放非募集资金或者用作其他用途。公司存在两次以上融资的，应当分别设置募集 资金专户。超募资金也应当存放于募集资金专户管理。 第二条 本办法所指募集资金是指公司通过发行股票或者其他具有股权性质 的证券，向投资者募集并用于特定用途的资金，但不包括公司实施股权激励计划 或员工持股计划募集的资金。 本办法所称超募资金是指实际募集资金净额超过计划募集资金金额的 ...