证券代码：601330 证券简称：绿色动力 公告编号：临 2025-030 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 第五届董事会第十一次会议决议公告 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。 绿色动力环保集团股份有限公司（以下简称"公司"）第五届董事会第十一 次会议于2025年6月4日在公司会议室以现场会议结合通讯方式召开，会议通知于 2025年5月30日以电子邮件送达各位董事。会议应出席董事9名，实际出席董事9 名。本次会议由公司代理董事长成苏宁先生主持，公司监事与部分高级管理人员 列席本次会议。本次会议的召开符合《中华人民共和国公司法》等法律、法规、 规范性文件以及《绿色动力环保集团股份有限公司章程》的有关规定。经与会董 事充分审议并经过有效表决，本次会议审议通过了以下议案： 一、审议通过了《关于收购朔州项目公司部分股权的议案》。同意公司收购 中国能源建设集团山西电力建设有限公司拟挂牌转让的朔州绿动南山环境能源 有限公司（以下简称"朔州项目公司"）2%的股权。若收购成功，公司将持有朔 ...

Group 1 - Yunnan Energy Investment has won the development rights for three wind power projects, with a total installed capacity of 312.5 MW, which will enhance the company's renewable energy scale and market position [1] - The projects are located in Fuyuan County and Lijiang City, and their implementation requires government approval and related assessments [1] - The future operating performance of these projects may be influenced by national policies and industry conditions, indicating potential uncertainties [1] Group 2 - The first fixed-pile offshore photovoltaic project in China, the CGN Zhaoyuan 400 MW offshore photovoltaic project, has been fully operational, marking a significant breakthrough in the offshore photovoltaic sector [2] - The project, located in the Laizhou Bay sea area of Shandong, covers a total sea area of 512.7 hectares and is expected to generate nearly 700 million kWh annually, equivalent to reducing coal consumption by approximately 208,700 tons and cutting CO2 emissions by about 535,800 tons [2] - This achievement demonstrates China's innovation capabilities and technological progress in renewable energy, contributing to energy structure transformation and green development [2] Group 3 - A nationwide blackout in Portugal on April 28 may have caused economic losses exceeding 2 billion euros, with 99% of surveyed companies reporting impacts [3] - The survey revealed that 71% of companies were unable to operate normally due to the blackout, and 57% lacked emergency power systems, highlighting the vulnerability of Portugal's energy infrastructure [3] - The incident underscores the need for countries to strengthen energy infrastructure and emergency management to mitigate economic impacts from similar events [3]

Group 1 - The core viewpoint of the announcement is that the credit rating for Green Power Environmental Group Co., Ltd. remains unchanged at "AA+" with a stable outlook for both the company and its convertible bonds [1][2] - The previous tracking rating results indicated a credit rating of "AA+" and a stable outlook, which is consistent with the current rating [1][2] - The credit rating agency responsible for the assessment is China Chengxin International Credit Rating Co., Ltd., which conducted a comprehensive analysis of the company's operational status and industry conditions [2] Group 2 - The tracking rating report was disclosed on the same day as the announcement and is available on the Shanghai Stock Exchange website [2] - The company issued the convertible bonds on February 25, 2022, under the name "Green Power Convertible Bonds" [1] - The announcement emphasizes the legal responsibility of the board of directors for the accuracy and completeness of the information provided [1]

Core Viewpoint - The report provides a comprehensive analysis of the financial performance and operational capabilities of Green Power Environmental Group Co., Ltd, highlighting its strengths in waste management and energy generation, while also addressing challenges in the industry and financial metrics. Financial Overview - Total assets for Green Power were 226.77 billion in 2022, slightly decreasing to 225.37 billion in 2023, and projected to be 219.89 billion in 2024 [2] - Owner's equity increased from 78.13 billion in 2022 to 82.74 billion in 2023, with a further rise to 85.29 billion in 2024 [2] - Total liabilities decreased from 148.64 billion in 2022 to 142.63 billion in 2023, and projected to be 134.60 billion in 2024 [2] - Total revenue dropped from 45.67 billion in 2022 to 39.56 billion in 2023, with a further decline to 33.99 billion in 2024 [2] - Net profit decreased from 7.84 billion in 2022 to 6.63 billion in 2023, and projected to be 6.01 billion in 2024 [2] Operational Performance - The company’s waste incineration capacity reached 4.03 million tons per day by the end of 2024, with a total installed capacity of 857.50 MW [7] - The average waste treatment fee decreased to 71.18 yuan per ton in 2024, down from 72.25 yuan in 2023 [9] - The company maintained a reasonable capacity utilization rate of approximately 84.86% in 2024 [9] Industry Context - The solid waste treatment industry is experiencing a price war due to overcapacity, particularly in hazardous waste disposal, which is expected to take time to stabilize [5] - The company has a broad market presence across major economic regions in China, which helps mitigate regional operational risks [6] - The company is positioned to benefit from government support and subsidies in the solid waste management sector [4] Financial Ratios - The asset-liability ratio was 65.55% in 2022, improving to 63.29% in 2023, and projected to be 61.21% in 2024 [3] - The EBITDA interest coverage ratio was 3.38 in 2024, indicating a stable ability to cover interest expenses [3] - The total debt to EBITDA ratio was 6.99 in 2024, reflecting a manageable level of debt relative to earnings [3] Future Outlook - The company plans to focus on its core business of waste incineration and energy generation, with no significant capital expenditure pressures expected in the short term [12] - Future projects are in the planning stages, with a total designed waste treatment capacity of 9,750 tons per day anticipated [12] - The company aims to enhance operational efficiency and profitability through strategic mergers and acquisitions [5]

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： 前次跟踪评级结果：主体信用等级为"AA+"，评级展望为"稳定"；债项 信用等级为"AA+"。 本次跟踪评级结果：主体信用等级为"AA+"，评级展望为"稳定"；债项 信用等级为"AA+"。 | | | 绿色动力环保集团股份有限公司 关于可转换公司债券 2025 年度跟踪评级结果的公告 本次评级结果较前次评级没有变化。 2025 年 5 月 26 日出具了《绿色动力环保集团股份有限公司 2025 年度跟踪评级 报告》（信评委函字[2025]跟踪 0228 号），本次公司主体信用评级结果为"AA+"， 评级展望维持"稳定"；"绿动转债"评级结果为"AA+"。评级结果较前次评级 没有变化。 本次跟踪评级报告随本公告同日披露于上海证券交易所网站。 特此公告。 绿色动力环保集团股份有限公司董事会 2025 年 5 月 27 日 根据中国证券监督管理委员会《上市公司证券发行管理办法》《上海证券交 易所股票上市规则》等有关规定，绿色动力环保集团股份有限公司（以下简称"公 司"）委 ...

绿色动力环保集团股份有限公司 2025 年度跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2025 年 5 月 26 日 绿色动力环保集团股份有限公司 2025 年度跟踪评级报告 编号：信评委函字[2025]跟踪 0228 号 ## 1 Introduction The _Planck_ satellite (Planck) is a very powerful instrument for studying the _Planck_ satellite. The _Planck_ satellite is a powerful instrument for studying the _Planck_ satellite. 本次评级为委托评级 ，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息 ，中诚信国际按照相 关性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、 准确性不作任何保证。 中诚信国际及项目人员履行了尽职 ...

Group 1 - Green Power Environmental Group Co., Ltd. and Beijing Ensa Engineering Technology Co., Ltd. applied for a patent titled "A Constant Flow Lift Valve Pump and Its Logic Control Method" with publication number CN120027058A, filed on April 2025 [1] - The patent describes a constant flow lift valve pump that includes a base with left and right valve pump components and a water tank, allowing for continuous material transport and improved equipment lifespan [1] - Green Power Environmental Group was established in 2000 in Shenzhen, focusing on specialized equipment manufacturing, with a registered capital of approximately 1.39 billion RMB [1] - The company has invested in 45 enterprises, participated in 2244 bidding projects, and holds 85 patents along with 11 trademarks [1] Group 2 - Beijing Ensa Engineering Technology Co., Ltd. was founded in 2009 in Beijing, primarily engaged in professional technical services, with a registered capital of approximately 40 million RMB [2] - The company has invested in 11 enterprises, participated in 96 bidding projects, and holds 95 patents along with 14 trademarks [2]

Investment Rating - The report maintains a "Buy" rating for the company [14] Core Views - The company is transitioning into a pure operation phase with a focus on improving operational efficiency and dividend potential [5][8] - The company has a strong shareholder backing from Beijing State-owned Assets Management Company, which has provided financial support for capacity expansion [8][30] - The company has a solid operational capacity with room for efficiency improvements, particularly in energy generation metrics [9][43] Summary by Sections Company Overview - The company is the first A+H share listed waste incineration power generation enterprise in China, with operations covering 20 provinces and a daily waste processing capacity of 40,300 tons as of the end of 2024 [8][23] - The company has entered a pure operation asset phase, with operational revenue accounting for 98.9% of total revenue starting from 2024 [25] Operational Efficiency - The company has achieved a compound annual growth rate (CAGR) of 20.5% in waste incineration volume from 2019 to 2024, with a total incineration volume of 14.38 million tons in 2024 [9][36] - There is potential for further optimization in operational metrics compared to peers, particularly in capacity utilization and energy generation [9][43] Project Advantages and Business Expansion - The company primarily operates in economically developed regions, with 64% of its waste incineration revenue coming from these areas in 2024 [10][51] - The company is expanding its business model to include energy supply to industrial clients, with a significant increase in steam supply volume projected [10][59] Incentives and Dividend Potential - The company has set ambitious performance targets for its stock incentive plan, aiming for a net profit of no less than 711 million yuan in 2026 [11][64] - The dividend payout ratio for 2024 is expected to increase significantly to 71.5%, exceeding market expectations [11][70] Financial Analysis and Profit Forecast - The company is expected to achieve a net profit of 684 million yuan in 2025, with a projected growth rate of 16.8% [12][74] - The financial outlook indicates a stable cash flow with a focus on operational efficiency improvements leading to profit growth starting in 2025 [12][74]

Meeting Details - The shareholders' meeting of Green Power Environmental Group Co., Ltd. was held on a specified date in Shenzhen [1] - The meeting was chaired by Executive Director Hu Shengyong and combined on-site and online voting methods [1] Shareholder Participation - A total of 203 shareholders attended the meeting, with a total shareholding of 703,351,701 shares [1] - Among them, foreign shareholders (H shares) accounted for 277,597,560 shares, representing 19.9215% of the total shares [1] Voting Results - Non-cumulative voting resolutions were passed with significant support, including 99.8828% approval from A-shareholders [1] - The voting results for the proposal to provide guarantees for subsidiaries showed overwhelming support, with 99.9352% approval from A-shareholders [3] Legal Compliance - The meeting's procedures, including the qualifications of the convenor and attendees, as well as the voting process, complied with relevant laws and regulations [2][3]

Group 1 - The company will hold a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 26, 2025, from 15:00 to 16:00 [1][2] - The briefing will be conducted via video and online interaction, allowing the company to address common investor concerns within the scope of information disclosure [2] - Key participants in the briefing include the acting chairman and general manager, independent directors, and the financial director [2] Group 2 - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center website on the scheduled date [2][3] - Investors are encouraged to submit questions from May 19 to May 23, 2025, through the website or via the company's email [3] - After the briefing, the main content and proceedings will be available for viewing on the Shanghai Stock Exchange Roadshow Center [3]