格隆汇8月26日丨三峰环境(601827.SH)发布2025年半年度报告，报告期实现营业收入28.47亿元，同比下 降9.11%；归属上市公司股东的净利润6.78亿元，同比增长1.76%；扣除非经常性损益后的归属于上市公 司股东的净利润6.58亿元，同比下降0.53%；基本每股收益0.4055元。 ...

| 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-040 | | --- | --- | --- | --- | --- | | 债券代码：240410 | 债券简称：GK | 三峰 | 01 | | | 债券代码：241970 | 债券简称：GK | 三峰 | R1 | | | 债券代码：242083 | 债券简称：GK | 三峰 | 02 | | | 债券代码：242610 | 债券简称：GK | 三峰 | 03 | | 二、董事会会议审议情况 重庆三峰环境集团股份有限公司 第三届董事会第七次会议决议公告 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"）第三届董事会第七次 会议（以下简称"本次会议"）于 2025 年 8 月 26 日在重庆市大渡口区建桥大道 3 号公司 102 会议室以现场及通讯结合方式召开。本次会议出席董事 9 人，由公 司董事长廖高尚先生主持。公司高级管理人员列席了本次会议。本次会议的召开 ...

重庆三峰环境集团股份有限公司2025 年半年度报告 公司代码：601827 公司简称：三峰环境 重庆三峰环境集团股份有限公司 2025 年半年度报告 1 / 219 重庆三峰环境集团股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、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、 公司负责人廖高尚、主管会计工作负责人阳正文及会计机构负责人（会计主管人员）于娜 莎声明：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 本报告中所涉及的未来计划、发展战略等前瞻性陈述并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 ...

二、公司在注册有效期内可分期、多次续期发行绿色资产支持商业票据，首 期发行应在注册后 6 个月内完成，后续发行应向交易商协会备案。公司应按照有 权机构决议及相关管理要求，进行发行管理。发行完成后，应通过交易商协会认 可的渠道定向披露发行结果。 公司将积极推进本次绿色资产支持商业票据发行相关工作，确保募集资金合 规、审慎、高效使用，并及时履行信息披露义务。 特此公告。 | 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-042 | | --- | --- | --- | --- | --- | | 债券代码：240410 | 债券简称：GK | 三峰 | 01 | | | 债券代码：241970 | 债券简称：GK | 三峰 | R1 | | | 债券代码：242083 | 债券简称：GK | 三峰 | 02 | | | 债券代码：242610 | 债券简称：GK | 三峰 | 03 | | 关于公司定向发行绿色资产支持商业票据获得 《接受注册通知书》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 ...

本次关联交易已提交公司第三届董事会第七次会议审议通过。本次关联 交易无需提交公司股东大会审议。 过去 12 个月，公司未与西南证券发生任何关联交易，也未发生任何向 关联人委托理财的关联交易。 重庆三峰环境集团股份有限公司（以下简称"公司"）拟使用暂时闲置 的自有资金人民币 1 亿元购买西南证券股份有限公司（以下简称"西南证券"） 发行的固定收益凭证。 由于西南证券为公司关联方，本次交易构成向关联方委托理财的关联交 易，不构成重大资产重组。 | 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-041 | | --- | --- | --- | --- | --- | | 债券代码：240410 | 债券简称：GK | 三峰 | 01 | | | 债券代码：241970 | 债券简称：GK | 三峰 | R1 | | | 债券代码：242083 | 债券简称：GK | 三峰 | 02 | | | 债券代码：242610 | 债券简称：GK | 三峰 | 03 | | 重庆三峰环境集团股份有限公司 关于使用暂时闲置的自有资金委托理财暨关联交易 的公告 本公司董事会及全体董事保证本公告 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [8] Core Insights - Recent guidance from the Ministry of Finance emphasizes the need for local governments to fulfill payment obligations for existing PPP projects, which is expected to improve cash flow for waste incineration and water services [4][14] - As of August 22, 2025, 95% of the 2 trillion yuan quota for replacing hidden debts has been implemented, accelerating the issuance of local government special bonds [5][19] - The National Development and Reform Commission has reiterated the importance of adjusting public utility prices, with water and waste disposal fees being gradually increased across various regions [30][29] Summary by Sections Government Payment Implementation - The recent guidance on existing PPP projects highlights the necessity for local governments to include related expenses in their budget management and ensure timely payments [4][14] - The funding sources for these projects can include local government special bonds, central transfer payments, and local self-owned funds, which may strengthen the repayment guarantees for future PPP projects [15][14] Debt Replacement and Special Bonds - The issuance of special refinancing bonds has significantly accelerated, with 1.91 trillion yuan issued from January to August 2025, primarily aimed at replacing hidden debts [5][19] - Local governments are actively addressing existing hidden debt issues, which is expected to enhance liquidity for affected parties [19][22] Public Utility Price Adjustments - The report notes that many regions have been slow to adjust water and waste disposal fees, leading to financial losses for water supply companies [30][29] - Recent adjustments in water prices have been observed in cities like Guangzhou and Shenzhen, with average increases of 15.8% for residential water rates [30][34] Investment Logic - The combination of government payment implementation, debt replacement, and price adjustments is expected to positively impact cash flow in the waste incineration and water sectors [36][38] - The industry is experiencing stable growth, with improved cash flow and increased dividends, driven by market reforms and a shift towards direct sales to industrial and commercial clients [38][39]

Core Viewpoint - In the recent five trading days, significant shareholders of 7 companies increased their holdings, totaling 59.71 million shares and an investment amount of 306 million yuan, while 96 companies saw a reduction in holdings amounting to 7.696 billion yuan [1] Group 1: Shareholder Activity - A total of 7 companies had significant shareholder increases, with the highest increase from Hubei Yihua, which saw an increase of 7.3371 million shares and an investment of 97.5834 million yuan [1][2] - Shanghai Laishi followed with an increase of 12.4132 million shares and an investment of 85.0908 million yuan, while Sanfeng Environment had an increase of 4.4733 million yuan [1][2] - The majority of the increased holdings were concentrated in the pharmaceutical and electronic industries, with 2 stocks each [1] Group 2: Market Performance - The average increase in stock prices for companies with shareholder increases was 3.25% over the five days, which was weaker than the Shanghai Composite Index performance during the same period [1] - Notable stock price increases included Wanrun Shares and Hongli Zhihui, with increases of 7.37% and 4.01%, respectively [1] Group 3: Financial Performance - Among the stocks with significant shareholder increases, three have reported their semi-annual results, with Koyuan Pharmaceutical showing the highest net profit growth of 18.26% year-on-year [2]

Core Viewpoint - Sanfeng Environment (601827) has shown a positive stock performance with a closing price of 8.56 yuan as of August 22, 2025, reflecting a 1.54% increase from the previous week [1] Shareholder Changes - The controlling shareholder, Chongqing Derun Environment Co., Ltd., increased its holdings by 5.2258 million shares, representing 0.3126% of the company's total share capital during the period from July 8, 2025, to August 22, 2025 [1][3] - The stock price increased by 1.06% during the same period [1] Company Announcements - Chongqing Derun Environment Co., Ltd. plans to continue increasing its stake in Sanfeng Environment through block trades or centralized bidding, with a planned investment amount between 150 million yuan and 300 million yuan over a 12-month period starting from May 22, 2025 [1] - As of August 22, 2025, Derun Environment has cumulatively increased its holdings by approximately 17.8755 million shares, accounting for about 1.07% of the total share capital, with an investment amount of approximately 150.96 million yuan [1][3]

Group 1 - The latest stock price of Sanfeng Environment is 8.56 yuan, reflecting an increase of 0.35% compared to the previous trading day [1] - The stock reached a high of 8.58 yuan and a low of 8.47 yuan during the trading session, with a total transaction amount of 0.53 billion yuan [1] - Sanfeng Environment's main business includes waste incineration power generation and environmental equipment manufacturing, making it a significant player in the domestic waste incineration power generation industry [1] Group 2 - The latest announcement indicates that the controlling shareholder, Derun Environment, has cumulatively increased its holdings by 17.8755 million shares, accounting for 1.07% of the total share capital, with an investment amount of 1.51 billion yuan [1] - The share buyback plan initiated in May this year has a total planned investment amount ranging from 1.5 billion to 3 billion yuan [1]

证券代码：601827 证券简称：三峰环境 公告编号：2025-039 债券代码：240410 债券简称：GK 三峰 01 债券代码：241970 债券简称：GK 三峰 R1 债券代码：242083 债券简称：GK 三峰 02 债券代码：242610 债券简称：GK 三峰 03 重庆三峰环境集团股份有限公司 增持计划拟增持数量 — 增持计划拟增持比例 — 本次增持实施期间 2025 年 5 月 22 日～2025 年 8 月 22 日 本次增持股份方式 本公司董事会、全体董事及相关股东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： ? 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"） 控股股东重庆德润环境有限公司（以下简称"德润环境"）基于对三峰环境未来 发展前景的信心，计划自 2025 年 5 月 22 日起 12 个月内通过大宗交易或集中竞 价交易方式增持三峰环境股份，计划增持金额不低于人民币 15,000 万元、不超 过人民币 30,000 万元（（详见公司于 5 月 22 日披露的《关于控股股东增持股份 及增持 ...