上海环境集团股份有限公司 2025 年半年度报告 公司代码：601200 公司简称：上海环境 上海环境集团股份有限公司 2025 年半年度报告 1 / 160 上海环境集团股份有限公司 2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王瑟澜、主管会计工作负责人李蓉及会计机构负责人（会计主管人员）吴晓芳声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司经营和发展战略等前瞻性陈述不构成公司对投资者的实质承诺，请投资 者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 ...

Market Overview - The environmental governance sector saw a slight increase of 0.09% on August 19, with Tongyuan Environment leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] Stock Performance - Tongyuan Environment (688679) closed at 20.79, up 17.86% with a trading volume of 83,000 shares and a turnover of 159 million yuan [1] - Other notable gainers included: - Gao Neng Environment (603588) at 6.97, up 5.29% [1] - Xianglong Electric (600769) at 11.63, up 5.25% [1] - Shanghai Xideng (603200) at 71.38, up 5.06% [1] - Conversely, the following stocks experienced declines: - Wenbululu (301259) at 42.07, down 8.54% [2] - Yuwetian (300815) at 29.07, down 6.17% [2] - Shen Shui Hai Na (300961) at 20.49, down 4.25% [2] Capital Flow - The environmental governance sector experienced a net outflow of 397 million yuan from institutional investors, while retail investors saw a net inflow of 380 million yuan [2] - The following stocks had significant capital flows: - Gao Neng Environment (603588) had a net inflow of 71.34 million yuan from institutional investors [3] - Shanghai Xideng (603200) had a net inflow of 53.21 million yuan from institutional investors [3] - Wuhan Tianyuan (301127) had a net inflow of 41.87 million yuan from institutional investors [3]

本报讯 （记者张文湘 见习记者占健宇）8月16日，第三届"活力·ESG"创新论坛在上海举办。此次论坛 以"智启新程，共筑未来"为主题，与会嘉宾来自监管、头部企业、跨国公司、金融机构、高校等领域， 共话绿色转型与高质量发展之道。 "一带一路"绿色发展国际联盟首席发展总监张建宇强调，绿色"一带一路"正日益成为全球落实2030可持 续发展目标的关键航道。无论身处国内还是海外，当中资企业将ESG理念内化为自觉行动与创新动力， 这些点滴努力必将汇成涓涓清流，最终融为助推全球SDG（可持续发展目标）愿景的澎湃海洋。 上海环境（601200）能源交易所副总经理李瑾表示："我们需要更多应用数字化技术工具，更好服务于 碳数据的获取、加工、分析、使用，为ESG及实现'双碳'目标提供更好支撑。" 在主旨演讲环节，全国社会保障基金理事会原副理事长、中国基金业协会母基金专业委员会主席王忠民 表示："当我们将内部市场和外部市场的变现打通，把最难的消纳通过智能合约链接通时，ESG将会推 动算力市场、绿电市场和基础设施的改变，让每一个链点实现社会、经济效果最好和ESG绿色价值最优 的结合。" "支持绿色产业发展，金融市场需提升对环境气候因素 ...

金融界消息 截至2025年8月7日收盘，上海环境（601200）报收于8.22元，上涨1.61%，换手率1.06%， 成交量14.22万手，成交金额1.16亿元。 来源：金融界 上海环境最新一期业绩显示，截至2025一季报，公司营业总收入13.42亿元、同比增长1.39%，归属净利 润1.57亿元，同比增长23.52%，扣非净利润1.49亿元，同比增长18.50%，流动比率1.051、速动比率 1.013、资产负债率55.56%。 天眼查商业履历信息显示，上海环境集团股份有限公司，成立于2004年，位于上海市，是一家以从事商 务服务业为主的企业。企业注册资本112185.8543万人民币，实缴资本52163.0979万人民币。公司法定代 表人为王瑟澜。 通过天眼查大数据分析，上海环境集团股份有限公司共对外投资了74家企业，参与招投标项目514次， 知识产权方面有商标信息3条，专利信息4条，此外企业还拥有行政许可3个。 资金流向方面，今日主力资金净流入1747.70万元，占比成交额15.05%。其中，超大单净流入1031.18万 元、占成交额8.88%，大单净流入716.52万元、占成交额6.17%，中单净流出 ...

碳中和周报关注"双碳"领域的最新前沿动态，包括碳中和政策、地方动态、企业实践等。我们将通过精 选每周碳中和领域的重大事件，并进行点评的方式，提供一个及时全面的碳中和信息平台。 一、碳中和政策 21碳中和课题组快评：气象预警体系强化社会气候适应能力，为极端高温风险提供前瞻屏障。应对气候 挑战亟需全社会提升风险意识，共同筑牢气候韧性防线。二、地方动态 1、中欧联合声明重申加强应对气候变化合作 7月24日，据外交部消息，在《巴黎协定》达成十周年与中欧建交五十周年之际，中国与欧盟领导人发 表联合声明，重申加强应对气候变化合作对全球治理的关键意义。双方强调《联合国气候变化框架公 约》及《巴黎协定》是国际气候合作基石，须坚持"共同但有区别的责任"原则，并将绿色定位为中欧合 作的鲜明底色。声明涵盖七大合作方向：全面落实气候协定目标；强化系统政策与务实行动；支持2025 年COP30大会成功举办；加速全球可再生能源部署与绿色技术流动，确保发展中国家用得上、用得起绿 色技术；加强气候适应行动；承诺在COP30前提交覆盖全经济范围、包含所有温室气体的2035年国家自 主贡献(NDCs)；深化能源转型、碳市场等双边合作。 21碳中 ...

Core Viewpoint - The Shanghai Financial Court introduced the "Several Opinions on Serving and Guaranteeing the Development of Financial 'Five Major Articles'" to enhance judicial support for financial development, focusing on specific measures for various financial sectors [1][4]. Group 1: Overall Requirements - The "Several Opinions" consist of three main parts: overall requirements, specific measures, and supporting guarantees, totaling 18 articles [1]. - The document emphasizes the need to elevate judicial support capabilities, particularly in the technology finance sector, by improving the special trial mechanism for the Sci-Tech Innovation Board [1][6]. Group 2: Specific Measures - The "Several Opinions" outline specific measures for five financial sectors: technology finance, green finance, inclusive finance, pension finance, and digital finance, detailing 35 types of new financial dispute adjudication concepts and 21 actionable judicial support mechanisms [4][6]. - In technology finance, the focus is on enhancing the special trial mechanism for the Sci-Tech Innovation Board and streamlining loss assessment procedures for third-party institutions [1][6]. - In green finance, collaboration with the Shanghai Environment Energy Exchange is planned to explore new carbon trading models, ensuring maximum value realization of carbon trading products [7]. - For inclusive finance, mechanisms to incentivize trust and credit repair will be established to support small and micro enterprises in obtaining loans [7]. Group 3: Supporting Guarantees - The "Several Opinions" stress the need to improve financial trial execution mechanisms, support temporary arbitration, and enhance execution collaboration to create an optimal international financial dispute resolution environment [8]. - The document aims to balance financial innovation with risk prevention through regular publication of typical financial cases and legal risk prevention reports [8]. - It also emphasizes the importance of cultivating financial trial talent to build a highland of composite financial trial professionals [8]. Group 4: Typical Cases - Ten typical cases were released, reflecting potential risk issues in the development of the financial "Five Major Articles," particularly in technology finance where financing difficulties exist due to stringent buyback obligations [9][10]. - The cases illustrate the integration of political, legal, and social effects, showcasing innovative dispute resolution models in green finance [10].

Core Points - Shanghai Environment Group Co., Ltd. announced a cash dividend of 0.1 yuan per share (before tax) for the year 2024, totaling approximately 134.62 million yuan [2][4][6] - The dividend distribution plan was approved at the annual shareholders' meeting held on April 24, 2025 [2][4] - The record date for the dividend is June 12, 2025, with the ex-dividend date also on June 13, 2025 [2][4] Dividend Distribution Details - The total number of shares for the dividend calculation is 1,346,230,251 shares [2] - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [2][4] - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [2][4] Taxation Information - The company will not withhold income tax at the time of dividend distribution; tax will be calculated based on the holding period of the shares [4][6] - For individual shareholders, the effective tax rates vary based on the holding period: 20% for holdings of 1 month or less, 10% for holdings between 1 month and 1 year, and no tax for holdings over 1 year [4][6] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.09 yuan per share [6]

上海环境集团股份有限公司2024年年度权益分派实施 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： 每股分配比例 A 股每股现金红利0.1元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放 | | --- | --- | --- | --- | --- | | | | | | 日 | | Ａ股 | 2025/6/12 | － | 2025/6/13 | 2025/6/13 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经上海环境集团股份有限公司（以下简称"本公司"或"公 司"）2025 年 4 月 24 日的2024年年度股东会审议通过。 证券代码：601200 证券简称：上海环境 公告编号：临 2025-020 2. 自行发放对象 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册 ...

Core Insights - Shanghai's total water consumption for 2024 is projected to be 10.731 billion cubic meters, a 15% reduction compared to 2010 [1] - Shanghai accounts for 1.81% of the national water consumption while supporting 4% of the national GDP [1] Water Rights and Regulations - Water law mandates that entities extracting water from rivers, lakes, or underground sources must apply for water extraction permits and pay water resource fees [1] - Entities with water rights face restrictions on extraction volumes, and exceeding these limits requires applications that can lead to operational disruptions [1] Water Rights Trading - As of March 2023, Shanghai Environmental Energy Exchange has completed 50 water rights transactions, totaling 693,800 cubic meters across various industries [1] - The water rights trading pilot in Shanghai has been upgraded, allowing water rights to be traded and stored with investment institutions for dividends, termed "water trust" [1][2] Water Trust Model - Under the "water trust" model, holders of idle water rights can invest their rights through a trust company, which then sells the rights to qualified temporary users [2] - The first "water trust" initiative has raised 10 million cubic meters of water, with a pricing mechanism ranging from 0.25 to 0.5 yuan per cubic meter [2] - The trust company plans to issue new trusts to meet market demand if initial targets are met ahead of schedule [2]

Core Viewpoint - The rural waste management market in China is expanding due to increasing waste generation, with a per capita daily waste production of 0.86 kg, growing faster than urban areas. The market size reached 302.7 billion yuan in 2024, reflecting a year-on-year growth of 7.19% [1][13]. Industry Overview - Rural waste management involves the classification, collection, transportation, and disposal of waste generated by rural residents, aiming for reduction, resource recovery, and harmless treatment. The main model is "household classification, village collection, town transportation, county processing," but some areas still rely on simple landfilling or open burning, leading to secondary pollution [2][5]. Industry Development History - The industry has evolved through four stages: 1. Self-consumption period before 2003, where waste was managed naturally [5]. 2. Governance initiation from 2003 to 2007, with the introduction of centralized waste management [5][6]. 3. Pilot promotion from 2008 to 2014, where waste classification began to be implemented [6]. 4. Special governance period from 2015 onwards, with systematic deployment of rural waste management strategies [6]. Industry Chain - The upstream of the rural waste management industry includes waste generation, waste treatment equipment, and technology research and services. The midstream involves waste processing, while the downstream applications include environmental protection, energy, and agriculture [8]. Market Size - The rural waste management market is driven by the increasing waste generation and supportive government policies. The market size in 2024 is projected at 302.7 billion yuan, with a growth rate of 7.19% [1][13]. Key Enterprises - Leading companies in the rural waste management sector include: - **Huanlan Environment**: Offers integrated waste management solutions and operates numerous waste-to-energy projects [15][17]. - **Fuchun Environmental**: Focuses on waste-to-energy projects, effectively addressing rural waste issues [19]. - **China Everbright International**: Engages in various waste management sectors, promoting standardized and professional development [17]. - **Weili Environmental**: Specializes in leachate treatment and landfill restoration, contributing to rural ecological improvements [17]. Industry Development Trends 1. **Technological Upgrades and Resource Utilization**: The industry is moving towards more environmentally friendly and efficient circular economy practices, with waste-to-energy and resource recovery becoming mainstream [21]. 2. **Diversified Operation Models and Market Transformation**: The shift from government-led to multi-stakeholder management is expected, with increased participation from social capital [22]. 3. **Full-Chain Control and Digital Transformation**: Emphasis on comprehensive management from waste generation to processing, utilizing digital tools for improved efficiency and quality [23].