董事会审计与风险管理委员会工作细则（2025 年 12 月修订） 绿色动力环保集团股份有限公司董事会 审计与风险管理委员会工作细则 (2025 年 12 月修订) 第一章 总则 第一条 为强化绿色动力环保集团股份有限公司（以下简称"公司"） 董事会决策功能，持续完善公司内控体系建设，确保董事会对经理层的有 效监督管理，不断完善公司治理结构，根据《中华人民共和国公司法》《上 市公司治理准则》《北京市人民政府国有资产监督管理委员会关于全面推 进市属国企法治建设的意见》等法律、法规、规范性文件、《上海证券交 易所股票上市规则》《香港联合交易所有限公司证券上市规则》（以下合 称"上市规则"）以及《绿色动力环保集团股份有限公司章程》（以下简 称"公司章程"）等有关规定，公司特设立董事会审计与风险管理委员会 （以下简称"委员会"），并结合公司实际，制定《绿色动力环保集团股 份有限公司董事会审计与风险管理委员会工作细则》（以下简称"本细则"）。 第二条 委员会是董事会设立的专门工作机构，主要负责公司与外部 审计的沟通及对其的监督核查、对内部审计的监管、公司风险管理与内部 控制体系的评价与完善，审核公司的财务信息及其披露，以 ...

证券代码：601330 证券简称：绿色动力 公告编号：临 2025-072 转债代码：113054 转债简称：绿动转债 绿色动力环保集团股份有限公司 第五届董事会第十七次会议决议公告 议案》。同意向符合授予条件的 3 名激励对象授予预留部分（第一批）136 万股 限制性股票，授予价格为 3.56 元/股，授予日为 2025 年 12 月 2 日，详见与本公 告同日披露于上海证券交易所网站（www.sse.com.cn）的《关于向 A 股限制性股 票激励计划激励对象授予预留部分（第一批）限制性股票的公告》。 表决情况：8 票赞成，0 票弃权，0 票反对。董事长成苏宁先生作为激励对 象回避表决。 本议案提交董事会审议前，已经公司董事会薪酬与考核委员会审议通过。本 议案属于公司 2025 年第三次临时股东会的授权董事会决策事项，无需提交股东 会审议。 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。 绿色动力环保集团股份有限公司（以下简称"公司"）第五届董事会第十七 次会议于2025年12月2日在公司会议室以现场会议结合通讯方式召开。 ...

绿色动力环保集团股份有限公司 董事会薪酬与考核委员会 关于 A 股限制性股票激励计划 首次授予及预留部分（第一批）授予激励对象名单（授 予日、预留授予日）的核查意见 绿色动力环保集团股份有限公司（以下简称"公司"）董事会薪 酬与考核委员会依据《中华人民共和国公司法》（以下简称"《公司 法》"）《中华人民共和国证券法》（以下简称"《证券法》"）《上 市公司股权激励管理办法》（以下简称"《管理办法》"）《国有控 股上市公司（境内）实施股权激励试行办法》等相关法律、法规及规 范性文件和《绿色动力环保集团股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，对公司 A 股限制性股票激励计划（以下简 称 "本次激励计划"）首次授予及预留部分（第一批）授予的授予 条件及激励对象名单（首次授予日、预留授予日）进行了核查，并发 表核查意见如下： 1、首次授予限制性股票的 189 名激励对象均为公司 2025 年第三 次临时股东会审议通过的本次激励计划确定的激励对象中的人员。 2、本激励计划首次授予及预留部分（第一批）授予激励对象不 存在《管理办法》第八条规定的不得成为激励对象的情形： （1）最近 12 个月内被证券交易 ...

Industry Overview - The carbon quota allocation mechanism is linked to production output without a total carbon emission cap, focusing on intensity-based dynamic adjustments [1][2] - The allocation mechanism is based on the experience of the power generation industry, implementing free quota distribution based on carbon emission intensity control, with total quotas dynamically associated with industry production levels [2] - New key emission units in the steel, cement, and aluminum smelting industries must complete the first quota clearance for 2024 by 2025 [1][2] Company Tracking - Longking Environmental has seen significant shareholding increases from Zijin Mining, with stable leadership transitions expected to enhance Longking's business [3] - China Water Affairs reported a revenue of HKD 5.183 billion for FY26H1, a decrease of 12.9% year-on-year, with a net profit of HKD 571 million, down 24.4% year-on-year, primarily due to a decline in connection and construction activities [3] - The company has reduced capital expenditures by 31.8% to HKD 1.243 billion in FY26H1, while maintaining a dividend of HKD 0.13 per share, resulting in a dividend yield of 4.8% [3] Solid Waste Sector Insights - The solid waste sector has shown strong fundamentals in Q3 2025, with a 12% increase in net profit and a 2.7 percentage point increase in gross margin [3] - Free cash flow in the solid waste sector reached RMB 13.3 billion in Q1-Q3 2025, a year-on-year increase of 28%, with capital expenditures down 12% [3] - The average waste incineration companies' output per ton increased by 1.8% year-on-year in H1 2025, indicating operational efficiency improvements [3] Water Sector Insights - The water sector is expected to experience a cash flow turnaround, with significant increases in free cash flow anticipated starting in 2026 [4] - Recent water price reforms in major cities like Guangzhou and Shenzhen are expected to enhance revenue and profitability for water companies [5] - Recommended companies in the water sector include Yuehai Investment and Xingrong Environment, with a focus on improving cash flow and dividend payouts [5] Industry Tracking - The sales of new energy sanitation vehicles increased by 61.32% year-on-year in the first ten months of 2025, with a penetration rate of 18.02% [6] - The average price of biodiesel remained stable, while net profits per ton have declined [6] - Lithium carbonate prices have risen, improving profitability in lithium battery recycling [6]

Group 1 - The company, Green Power Environmental (01330), has issued its first medium-term note for 2025, with a total issuance size of RMB 500 million [1] - The funds raised from the issuance have been fully received as of November 28, 2025 [1] - The medium-term note, referred to as "25 Green Power MTN001," has a term of 3 years and an interest rate of 2.00% [1]

Group 1 - The company, Green Power (601330), has issued its first medium-term note for 2025, with a total issuance scale of 500 million RMB [1] - The debt financing tool is named "25 Green Power MTN001" and has a code of 102584980, with a maturity period of 3 years and an issuance interest rate of 2.00% [1] - The funds raised from this issuance were fully received on November 28, 2025, with the interest start date and repayment date both set for November 28, 2028 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 綠色動力環保集團股份有限公司 Dynagreen Environmental Protection Group Co., Ltd.* （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1330） 海外監管公告 * 僅供識別 | | | 本公告乃由綠色動力環保集團股份有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第13.10B條 作 出。 以下為本公司於上海證券交易所網站刊發之綠色動力環保集團股份有限公司 《關 於2025年 度 第 一 期 中 期 票 據 發 行 結 果 的 公 告》，僅 供 參 閱。 承董事會命 綠色動力環保集團股份有限公司 董事長 成蘇寧 中 國，深 圳 二零二五年十二月一日 於 本 公 告 日 期，執 行 董 事 為 成 蘇 寧 先 生 及 胡 聲 泳 先 生；非 ...

| 证券代码：601330 | 证券简称：绿色动力 | 公告编号：临 2025-071 | | --- | --- | --- | | 转债代码：113054 | 转债简称：绿动转债 | | 绿色动力环保集团股份有限公司 关于 2025 年度第一期中期票据发行结果的公告 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。 绿色动力环保集团股份有限公司（以下简称"公司"）分别于 2025 年 2 月 24 日、2025 年 5 月 16 日召开第五届董事会第六次会议、2025 年第一次临时股 东大会，审议通过了《关于申请注册并发行中期票据的议案》，同意公司向中国 银行间市场交易商协会（以下简称"交易商协会"）申请注册并在中国境内发行 规模不超过人民币 10 亿元的中期票据。2025 年 9 月，公司收到交易商协会发出 的《接受注册通知书》（（中市协注〔2025〕MTN864 号），以下简称"注册通知书"）， 交易商协会经审议，决定接受公司中期票据注册，注册金额为 10 亿元，注册额 度自注册通知书落款之日起 2 年内有效。 和上海清 ...

Core Viewpoint - Green Power (601330.SH) has issued its first phase of medium-term notes for 2025, raising a total of 500 million RMB, with funds received on November 28, 2025 [1] Group 1 - The issuance scale of the medium-term notes is 500 million RMB [1] - The interest start date for the notes is November 28, 2025 [1] - The maturity date for the notes is November 28, 2028 [1]

Investment Rating - The report maintains a "Positive" investment outlook for the public utilities and environmental sectors, particularly in the context of recent regulatory changes and market dynamics [1]. Core Insights - The report highlights the regulatory measures in various provinces aimed at standardizing the retail price differences in electricity sales, which is expected to stabilize market expectations and improve the profitability of electricity sales companies [3][7]. - It notes the fluctuating natural gas prices globally, with U.S. prices rising while European prices are declining, indicating a complex supply-demand landscape influenced by geopolitical factors and seasonal demand [12][22]. - The report provides specific investment recommendations across various segments, including hydropower, thermal power, nuclear power, green energy, and gas-related companies, reflecting a diversified approach to capitalize on emerging opportunities [10][37]. Summary by Sections 1. Electricity: Regulation of Retail Price Differences - Guangdong has issued guidelines to regulate the retail price differences, proposing a sharing mechanism for excess profits above a set threshold starting in 2026 [7]. - Several provinces have introduced detailed policies to manage retail price differences, aiming to prevent excessive profits by electricity sales companies and ensure fair pricing for consumers [8][9]. - The report emphasizes the need for a shift from aggressive pricing strategies to a service-oriented business model for electricity sales companies, which could stabilize market expectations [9]. 2. Natural Gas: Global Price Fluctuations - As of November 28, U.S. Henry Hub spot prices reached $4.59/mmBtu, reflecting an 11.13% weekly increase, while European prices, such as TTF, fell by 5.37% to €28.75/MWh [12][13]. - The report notes that U.S. natural gas demand has surged due to cold weather, despite record production levels, leading to a tightening supply-demand balance [16]. - In Northeast Asia, LNG prices have decreased to $10.90/mmBtu, down 6.52% week-on-week, driven by weak demand and high inventory levels [31][34]. 3. Investment Recommendations - Hydropower: Favorable autumn floods are expected to enhance hydropower generation capacity for the winter and spring, with recommendations for major hydropower companies [10]. - Thermal Power: The diversification of revenue sources in thermal power companies is highlighted, with recommendations for integrated coal and power companies [11]. - Nuclear Power: The report suggests focusing on nuclear power companies due to stable cost structures and expected growth from new approvals [11]. - Green Energy: The introduction of new market rules for renewable energy is expected to stabilize returns for green energy operators [11]. - Gas and Environmental Companies: Recommendations include integrated gas trading companies and environmentally focused firms benefiting from regulatory changes [37].