Financial Performance - The company's operating revenue for Q3 2024 was ¥1,385,907,868.71, a decrease of 11.08% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥343,745,582.55, down 2.30% year-on-year[2]. - The net profit excluding non-recurring gains and losses was ¥336,552,750.61, a decrease of 3.39% compared to the previous year[2]. - Basic and diluted earnings per share for the quarter were both ¥0.20, a decrease of 2.47% year-on-year[4]. - The weighted average return on equity was 3.15%, down 0.33 percentage points from the previous year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 4,517,580,599.78, a slight decrease of 0.47% compared to CNY 4,538,812,689.98 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was CNY 1,066,392,770.21, representing an increase of 3.51% from CNY 1,030,240,564.75 in 2023[17]. - Earnings per share for the first three quarters of 2024 was CNY 0.60, up from CNY 0.59 in the same period last year[18]. - The net profit for the first three quarters of 2024 was CNY 774,409,678.72, compared to CNY 825,883,420.04 in the same period of 2023, indicating a decrease of about 6.2%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥24,609,673,280.97, a decrease of 2.66% from the end of the previous year[4]. - Shareholders' equity attributable to the parent company increased by 5.85% to ¥11,063,600,057.76 compared to the end of the previous year[4]. - As of September 30, 2024, the total assets of Chongqing Sanfeng Environmental Group amounted to approximately CNY 24.61 billion, a decrease from CNY 25.28 billion at the end of 2023, representing a decline of about 2.67%[13]. - The company's current assets totaled CNY 6.13 billion, down from CNY 6.44 billion at the end of 2023, indicating a decrease of approximately 4.76%[13]. - The total liabilities decreased to CNY 12.82 billion from CNY 14.11 billion, a reduction of about 9.13%[14]. - The company's short-term borrowings decreased significantly from CNY 109.50 million to CNY 29.71 million, a decline of approximately 72.91%[14]. - The non-current liabilities also decreased to CNY 7.29 billion from CNY 8.23 billion, indicating a reduction of about 11.45%[14]. - The total liabilities increased to CNY 5,307,218,482.04 in Q3 2024 from CNY 4,884,196,283.59 in Q3 2023, reflecting a rise of approximately 8.6%[24]. Cash Flow - The cash flow from operating activities for the year-to-date period increased by 42.75% to ¥1,574,753,615.13[7]. - Cash flow from operating activities was CNY 4,229,674,025.44, slightly down from CNY 4,237,661,798.64 in the previous year[19]. - The net cash flow from operating activities for Q3 2024 was CNY 1,574,753,615.13, an increase of 42.7% compared to CNY 1,103,152,304.18 in Q3 2023[20]. - The net cash flow from financing activities was negative CNY 1,777,100,537.55, compared to negative CNY 363,709,291.82 in Q3 2023, indicating increased cash outflows[21]. - The cash outflow for dividends and interest payments was CNY 587,363,568.47, slightly up from CNY 572,378,331.95 in the same quarter last year[21]. - Cash flow from operating activities showed a net outflow of CNY 67,089,625.90 in the first three quarters of 2024, an improvement compared to a net outflow of CNY 117,121,897.75 in the same period of 2023[27]. - Investment activities resulted in a net cash outflow of CNY 1,331,396,421.21 in the first three quarters of 2024, contrasting with a net inflow of CNY 19,721,000.73 in the same period of 2023[27]. - The financing activities generated a net cash inflow of CNY 499,612,064.82 in the first three quarters of 2024, a substantial increase from CNY 54,482,574.55 in the same period of 2023[28]. Investments and Expenses - The company received government subsidies amounting to ¥6,973,200.00 during the reporting period[5]. - Research and development expenses decreased significantly to CNY 30,074,596.95, down 53.06% from CNY 64,036,918.44 in 2023[16]. - The company reported a decrease in research and development expenses to CNY 2,218,015.75 in the first three quarters of 2024 from CNY 7,570,530.88 in the same period of 2023, representing a reduction of about 70.7%[25]. - The company reported a decrease in financial expenses to CNY 222,338,552.96 from CNY 225,666,588.04 in the previous year[16]. - The company received CNY 515,000,000.00 from the recovery of investments, a substantial increase from CNY 147,632.76 in Q3 2023[20]. - Cash paid for purchasing fixed assets and intangible assets was CNY 436,882,751.89, down from CNY 822,465,885.91 in the previous year[20]. - The company reported a significant increase in cash inflow from investment activities, totaling CNY 757,880,016.59 in 2024 compared to CNY 277,160,103.37 in 2023[27].

北京德恒（重庆）律师事务所 关于 重庆三峰环境集团股份有限公司间接控股股东 增持公司股份的 法律意见 重庆市江北区江北嘴聚贤岩广场 9 号国华金融中心 A 座 24 层 电话:023-63012200 传真: 023-63012211 邮编:400024 北京德恒（重庆）律师事务所 关于重庆三峰环境集团股份有限公司 间接控股股东增持公司股份的法律意见 北京德恒（重庆）律师事务所 关于 重庆三峰环境集团股份有限公司间接控股股东增持公司股份 的法律意见 德恒 15G20240277-00001 号 致：重庆三峰环境集团股份有限公司 根据公司提供的增持人营业执照并经本所律师登录国家企业信用信息公示 系统（https://www.gsxt.gov.cn/）查询，截至本法律意见出具日，增持人的基本情 况如下： | 名称 | 重庆水务环境控股集团有限公司 | | --- | --- | | 统一社会信用代码 | 91500000663597063W | | 类型 | 有限责任公司(国有独资) | | 住所 | 重庆市渝中区虎踞路 80 号 | | 法定代表人 | 朱军 | | 注册资本 | 606,457.148435 ...

证券代码：601827 证券简称：三峰环境 公告编号：2024-046 重庆三峰环境集团股份有限公司 关于间接控股股东增持股份计划完成的公告 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个别及连带责任。 重要内容提示： 重庆三峰环境集团股份有限公司（以下简称"公司"或"三峰环境"） 间接控股股东重庆水务环境控股集团有限公司（以下简称"水务环境"）计划自 2023 年 10 月 28 日起 12 个月内以大宗交易或集中竞价交易方式增持公司股份， 累计增持金额不低于人民币 5,000 万元、不超过人民币 10,000 万元（详见公司 于 2023 年 10 月 28 日披露的《关于间接控股股东增持股份计划的公告》2023-036 号）。 2024 年 10 月 28 日，公司收到水务环境告知函：截至 10 月 28 日收盘， 水务环境已累计通过集中竞价方式增持公司股份 7,126,400 股，占公司总股本的 约 0.42%，累计增持金额 5232.56 万元，本次增持计划已实施完毕。 一、增持主体情况 本次股东增持的增持主体为重庆水务环境 ...

证券代码：601827 证券简称：三峰环境 公告编号：2024-045 重庆三峰环境集团股份有限公司 关于以集中竞价交易方式回购 A 股股份的进展公告 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： 二、 回购股份的进展情况 根据《上市公司股份回购规则》和《上海证券交易所上市公司自律监管指引 第 7 号——回购股份》等相关规定，在回购股份期间，上市公司应当每月公告回 购进展情况。现将截至 2024 年 9 月 30 日的回购进展情况公告如下： 截至 2024 年 9 月 30 日，公司累计通过集中竞价交易方式回购 A 股股份 3,913,100 股，占公司总股本的比例约为 0.233%，回购的最高价格为 8.65 元/股， 最低价格为 7.09 元/股，总成交金额约为人民币 2,999.13 万元。 三、 其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出回 购决策并予以实施，同时根据回购股份事项进展情况及时 ...

重庆三峰环境集团股份有限公司 投资者关系活动记录表（2024 年 8 月） | --- | --- | --- | |---------------------------|----------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

重要内容提示： 证券代码：601827 证券简称：三峰环境 公告编号：2024-044 重庆三峰环境集团股份有限公司 关于以集中竞价交易方式回购 A 股股份的进展公告 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。 | 回购方案首次披露日 | 2023/11/28 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2023 年 | 12 月 | 14 | 日至 | 2024 | 年 12 | 月 13 | 日 | | 预计回购金额 | 5,000 万元~10,000 | | | 万元 | | | | | | 回购用途 | 减少注册资本 | | | | | | | | | 累计已回购股数 | 2,191,400 | 股 | | | | | | | | 累计已回购股数占总股本比例 | 0.13% | | | | | | | | | 累计已回购金额 | 1,649.32 | 万元 | | | | | | | | 实 ...

证券研究报告 三峰环境 (601827 CH) 固废高质量运营，开拓海外设备市场 华泰研究 中报点评 2024 年 8 月 27 日│中国内地 废物管理 投资评级(维持): 买入 目标价(人民币): 11.25 1H24 收入利润均同比+5%，维持"买入"评级 三峰环境发布半年报，2024 年 H1 实现营收 31.32 亿元（yoy+5.08%），归 母净利 6.66 亿元（yoy+5.29%），扣非净利 6.62 亿元（yoy+9.18%）。我们 预计公司 2024-2026 年 EPS 分别为 0.74、0.80、0.84 元。可比公司 24 年 Wind 一致预期 PE 均值为 13.8 倍，考虑三峰环境运营指标行业居前，盈利 能力强、设备出海成长空间大，给予公司 24 年 15.2 倍 PE，目标价 11.25 元（前值 11.03 元），维持"买入"评级。 政府补助减少/应收账款减值拖累 Q2 利润 Q2 公司实现营收 15.79 亿元（yoy+10.11%，qoq+1.73%），归母净利 2.76 亿元（yoy-2.34%，qoq-29.19%）。毛利率 31.59%（yoy+1.43pp），其 ...

Investment Rating - The report maintains an "Accumulate" rating for the company, with a target price raised to 11.25 RMB from the previous 8.76 RMB, while the current price is 8.55 RMB [1][4]. Core Views - The company's performance in the first half of 2024 met expectations, demonstrating stable operations and maintaining industry leadership, with active expansion in international business [2][4]. Financial Performance Summary - For H1 2024, the company achieved revenue of 3.132 billion RMB, a year-on-year increase of 5%, and a net profit attributable to shareholders of 666 million RMB, also up 5% year-on-year. The net profit excluding non-recurring items was 662 million RMB, reflecting a 9% increase [4]. - In Q2 2024, the company reported revenue of 1.579 billion RMB, with a net profit excluding non-recurring items of 276 million RMB, marking a 7% year-on-year growth [4]. - The company's EPC construction revenue decreased significantly by 82% to 122 million RMB due to a reduction in ongoing projects, while equipment sales revenue surged by 108% to 929 million RMB. Operating revenue grew steadily by 11% to 1.971 billion RMB [4]. - The gross margin improved by 2.41 percentage points to 34.38%, while the net profit margin remained stable at 22.42% [4]. Operational Highlights - As of the end of H1 2024, the company had 41,500 tons of invested and controlled projects and 15,850 tons of joint ventures. The waste disposal volume of controlled projects increased by 11% year-on-year to 7.535 million tons, and steam sales volume rose by 32% to 470,000 tons [4]. - The average waste-to-energy conversion rate for the company's projects was 413.5 kWh/ton, maintaining industry-leading levels [4]. - The company actively expanded its international business, signing a strategic cooperation framework agreement with Suez Group in France and renewing a licensing agreement with Martin in Germany [4]. Cash Flow and Capital Expenditure - Capital expenditure in H1 2024 was 370 million RMB, down from 648 million RMB in the same period of 2023, indicating a clear downward trend in capital spending [4]. - The net cash flow from operating activities was 1.129 billion RMB, a 27% year-on-year increase, indicating sufficient cash flow [4].

二、董事会会议审议情况 本次会议审议通过了以下议案： （一）审议通过《关于审议公司 2024 年半年度报告全文及摘要的议案》 经审议，公司董事会同意披露公司 2024 年半年度报告及摘要。 证券代码：601827 证券简称：三峰环境 公告编号：2024-041 重庆三峰环境集团股份有限公司 第二届董事会第二十七次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 重庆三峰环境集团股份有限公司（以下简称"公司"）第二届董事会第二十 七次会议（以下简称"本次会议"）于 2024 年 8 月 26 日在重庆市大渡口区建桥 大道 3 号公司 101 会议室以现场及通讯结合方式召开。本次会议应出席董事 8 人，实际出席董事 8 人。公司监事及高级管理人员列席了本次会议。本次会议的 召开程序符合《中华人民共和国公司法》《重庆三峰环境集团股份有限公司章程》 和《重庆三峰环境集团股份有限公司董事会议事规则》等有关规定，会议表决结 果合法有效。 表决结果：同意 7 票，反对 0 票，弃权 0 票，表决结果 ...

证券代码：601827 证券简称：三峰环境 公告编号：2024-042 重庆三峰环境集团股份有限公司 第二届监事会第十五次会议决议公告 表决结果：同意 5 票，反对 0 票，弃权 0 票，表决结果为通过。 （二）审议通过《关于审议非金融企业债务融资工具 2024 年半年度报告及 附件的议案》 经审议，监事会认为：公司拟在银行间市场交易商协会指定平台披露的 2024 年半年度报告及附件内容真实、准确、完整，不存在任何虚假记载、误导性陈述 或者重大遗漏，不会损害公司及全体股东的利益。 本公司监事会及全体监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、监事会会议召开情况 重庆三峰环境集团股份有限公司（以下简称公司）第二届监事会第十五次会 议（以下简称本次会议）于 2024 年 8 月 26 日在重庆市大渡口区建桥大道 3 号公 司206会议室以现场及通讯结合方式召开，会议通知于2024年8月16日以书面、 电话、邮件等方式送达。本次会议应出席监事 5 人，实际出席监事 5 人。本次会 议由公司监事会主席韩明先生主持，本次会议的召开程序符合《中华人 ...