FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 綠色動力環保集團股份有限公司（備註） 呈交日期: 2025年11月6日 本月底法定/註冊股本總額： RMB 1,393,454,130 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01330 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 404,359,792 | | 0 | | 404,359,792 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 404,359,792 | | ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 綠色動力環保集團股份有限公司（備註） 呈交日期: 2025年11月6日 | 2. 股份分類 | 普通股 | | 股份類別 | A | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601300 | 說明 | | 於上海證券交易所上市 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 989,094,229 | | 0 | | 989,094,229 | | 增加 / 減少 (-) | | | | 109 | | 0 | | | | 本月底結存 | | | | 989,094,338 | | 0 | | 989,094,338 | I. 法定/註冊股本變動 | 1. 股份分類 | 普 ...

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection industry [12] Core Insights - The environmental protection sector showed a significant increase in performance, with a 17.3% year-on-year growth in non-recurring net profit for Q3 2025, driven by stable operations and profit recovery in cyclical assets [6][40] - The overall revenue for the environmental sector reached 221.7 billion yuan in the first three quarters of 2025, marking a 3.12% increase year-on-year, while the net profit attributable to shareholders grew by 4.88% to 21.9 billion yuan [21][40] - The cash flow situation improved, with a cash collection ratio of 95.1% in Q3 2025, reflecting a 4.5 percentage point increase year-on-year, indicating a stable investment environment despite a downward trend in financing [8][40] Summary by Sections Performance Overview - In Q3 2025, the environmental sector achieved a revenue of 79.6 billion yuan, a 9.64% increase year-on-year, with a net profit of 8.2 billion yuan, up 11.8% [6][40] - The non-recurring net profit for Q3 2025 was 7.75 billion yuan, reflecting a 17.3% year-on-year increase, primarily driven by strong performances in waste incineration, biodiesel, and air quality sectors [6][40] Financial Statements - The overall asset-liability ratio for the environmental sector was 57.3% in Q3 2025, with a slight year-on-year increase of 0.35 percentage points, indicating a slowdown in the growth rate of liabilities [7] - The cash flow from operating activities showed a net inflow of 27.1 billion yuan, a 30.6% increase year-on-year, with improvements noted in waste management and water operations [8] Investment Strategy - The report suggests continued investment in waste incineration and water sectors, with a potential for valuation recovery as the industry transitions towards a more market-oriented model [9] - Recommended companies include Hanlan Environment, China Everbright International, and Weiming Environmental, among others, highlighting their potential for growth and dividend returns [9]

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1] Core Views - The report emphasizes the importance of the "15th Five-Year Plan" focusing on green dual carbon goals, marketization, and debt management [4][8] - The solid waste sector shows strong performance in Q3 2025, with improved cash flow and profitability [4][12] Summary by Sections Industry Investment Rating - The report maintains an "Accumulate" rating for the environmental protection sector, highlighting strong fundamentals and growth potential [1] Key Investment Themes - The "15th Five-Year Plan" prioritizes green transformation, dual carbon goals, marketization, and debt management as key themes for the environmental sector [4][8] - The report suggests that the solid waste sector is experiencing robust growth, with Q3 2025 showing a 12% increase in net profit and a 2.7 percentage point rise in gross margin [4][12] Solid Waste Sector Insights - The solid waste sector's free cash flow improved significantly, with a net operating cash flow of 13.3 billion yuan in Q1-Q3 2025, representing a 28% increase [4][12] - The report highlights that the sector is entering a mature phase, with capital expenditures declining and dividend payouts increasing [12][14] Water Management Sector Insights - The water management sector is expected to experience a cash flow turning point, similar to the solid waste sector, with anticipated increases in free cash flow starting in 2026 [17][18] - The report notes that water pricing reforms are crucial for ensuring reasonable returns on investments, with cities like Guangzhou and Shenzhen implementing price adjustments [17][18] Renewable Energy and Recycling Insights - The report indicates a 63.18% year-on-year increase in sales of new energy sanitation vehicles in the first nine months of 2025, with a penetration rate of 17.40% [20][28] - The report also highlights improvements in profitability for lithium battery recycling due to rising metal prices, with lithium carbonate prices reaching 80,600 yuan per ton [20][28]

Investment Rating - The report provides a positive investment outlook for the electricity and natural gas sectors, highlighting potential growth opportunities in renewable energy and natural gas consumption [4][8]. Core Insights - The green certificate market is experiencing a significant increase in both volume and price, with a 210% rise in average trading prices in Q3 compared to Q1. The total issuance of green power certificates reached 2.29 billion in September 2025, with 1.58 billion being tradable [7][8]. - Global natural gas prices are fluctuating, with the U.S. Henry Hub spot price reaching a six-month high of $3.57/mmBtu, while European prices are showing mixed trends [9][11]. - The report anticipates an increase in natural gas consumption in Q4 2025 due to low base effects and expected higher heating demand from a potential La Niña phenomenon [30][31]. Summary by Sections Electricity - The average trading price of green certificates increased by 210% in Q3 compared to Q1. The issuance of green certificates reached 2.29 billion in September 2025, with 1.58 billion being tradable, indicating a robust market growth [7][8]. - The report emphasizes the need for further development of the green certificate market and the introduction of regulations to enhance renewable energy consumption [4][7]. Natural Gas - As of October 31, 2025, the U.S. Henry Hub spot price was $3.57/mmBtu, marking an 11.16% increase week-on-week. In contrast, European gas prices showed a decline, with the TTF spot price at €30.35/MWh, down 5.42% [9][10]. - The report notes a decrease in China's apparent natural gas consumption in September 2025, but anticipates a rebound in Q4 2025 due to low base effects and increased heating demand [30][31]. - The LNG national ex-factory price in China rose to 4407 yuan/ton, reflecting a 3.11% increase week-on-week, driven by rising demand ahead of the heating season [28][30]. Investment Recommendations - The report recommends several companies based on their performance and market conditions: - Hydropower: Focus on Guotou Power, Chuan Investment Energy, and Yangtze Power due to favorable hydrological conditions [8]. - Green Power: Attention to New Energy, Funiu Co., Longyuan Power, and China Resources Power for their stable returns [8]. - Nuclear Power: Recommendations for China Nuclear Power and China General Nuclear Power due to ongoing approvals for new units [8]. - Thermal Power: Companies like Guodian Power and Huadian International are highlighted for improved profitability due to falling coal prices [8]. - Gas Power: Recommendations for Guangzhou Development and Shenzhen Energy based on expected stability in profitability [8].

Investment Rating - The report maintains a "Buy" rating for various sectors including hydropower, green electricity, nuclear power, thermal power, and gas power [4][9][44]. Core Insights - The green certificate market is experiencing a significant increase in both volume and price, with a 210% rise in average trading price in Q3 compared to Q1 [8]. - Global natural gas prices are fluctuating, with the US Henry Hub spot price reaching a near six-month high of $3.57/mmBtu, while European prices are showing mixed trends [11][12]. - The report anticipates a potential increase in gas consumption growth in Q4 2025 due to low base effects and high demand expectations, despite a 1.6% year-on-year decline in September gas consumption [32][33]. Summary by Sections 1. Electricity - In September 2025, 229 million green electricity certificates were issued, with 68.86% being tradable [4][8]. - The report highlights the improvement in market mechanisms and the growing demand for renewable energy consumption [8]. 2. Natural Gas - As of October 31, 2025, the US Henry Hub spot price increased by 11.16% week-on-week, while European prices showed a decline [11][12]. - The report notes a 1.6% year-on-year decrease in national gas consumption in September, with expectations for growth in Q4 2025 due to favorable weather conditions [32][33]. 3. Investment Recommendations - Recommendations include hydropower companies such as Guotou Power and Chuanwei Energy, green electricity firms like Xintian Green Energy and Longyuan Power, and gas companies including Kunlun Energy and New Hope Energy [9][44]. - The report emphasizes the potential for improved profitability in the gas sector due to declining costs and rising demand [33][44].

Group 1 - The company will hold its third extraordinary general meeting of shareholders on November 19, 2025 [2][6] - The meeting will be conducted using a combination of on-site and online voting methods [2][3] - The location for the meeting is set at 2nd Floor, Jiuzhou Electric Building, No. 7, Keji South 12th Road, Nanshan District, Shenzhen [2][6] Group 2 - The online voting system will be provided by the Shanghai Stock Exchange, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [3][5] - Shareholders must register for the meeting between 9:00 AM and 5:00 PM on November 14, 2025 [17] - The company will remind small and medium-sized investors about the meeting through SMS notifications [8] Group 3 - The company has announced an adjustment to the conversion price of its convertible bonds, "Green Dynamic Convertible Bonds," from 9.15 CNY to 9.05 CNY effective November 11, 2025 [25][28] - This adjustment is due to the company's mid-year profit distribution plan, which includes a cash dividend of 0.1 CNY per share [32][35] - The total cash dividend to be distributed amounts to 139,345,413 CNY based on the total share capital [35][36]

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： 证券停复牌情况：适用 | 证券代码：601330 | 证券简称：绿色动力 | 公告编号：临 2025-065 | | --- | --- | --- | | 转债代码：113054 | 转债简称：绿动转债 | | 因绿色动力环保集团股份有限公司（以下简称"公司"）实施 2025 年中期权 益分派,本公司的相关证券停复牌情况如下："绿动转债"于 2025 年 10 月 31 日 至 2025 年 11 月 10 日（权益分派股权登记日）期间停止转股。 绿色动力环保集团股份有限公司 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113054 | 绿动转债 | 可转债转股复 | | | 2025/11/10 | 2025/11/11 | | | | 牌 | | | | | 关于"绿动转债"转股价格调整的公告 根据公司《 ...

| 证券代码：601330 | 证券简称：绿色动力 | 公告编号：临 2025-066 | | --- | --- | --- | | 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 关于召开2025年第三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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第三次临时股东会 召开的日期时间：2025 年 11 月 19 日 10 点 00 分 召开地点：深圳市南山区科技南十二路 7 号九洲电器大厦二楼 (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 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 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉 ...

| 证券代码：601330 | 证券简称：绿色动力 | 公告编号：临 | 2025-064 | | --- | --- | --- | --- | | 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 2025年半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： 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绿色动力环保集团股份有限公司（以下简称"公司"）2025 年 9 月 19 日的2025年第二次临时股东大会审议通过。 二、 分配方案 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"）登记在册的本公司全体股东。 3. 分配方案： 每股分配比例 A 股每股现金红利0.1元 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 ...