| 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 | | 自 2025 年 5 月 22 日起截至 2025 年 8 月 22 日收盘，控股股东德润环境 已累计增持公司股份约 1,787.55 万股，占公司总股本的约 1.07%，增持金额约 人民币 15,096 万元。 后续德润环境将根据本次增持计划继续择机增持公司股份。本次增持计 划可能存在因资本市场情况发生变化或目前尚无法预判的其他风险因素导致增 持计划的实施无法达到预期的风险。如本次增持计划实施过程中出现上述风险， 公司将及时履行信息披露义务。敬请广大投资者注意投资风险。 | 增持主体名称 | 重庆德润环境有限公司 | | | --- | --- | - ...

三峰环境公告，控股股东重庆德润环境有限公司自2025年5月22日至2025年8月22日，通过上海证券交易 所集中竞价增持公司A股1787.55万股，占公司总股本1.07%，增持金额1.51亿元。根据此前披露的增持 计划，德润环境拟于2025年5月22日至2026年5月22日期间，累计增持金额不低于1.5亿元、不超过3亿 元，后续将继续择机增持。 ...

Market Performance - On August 22, the Chongqing state-owned enterprise reform sector rose by 0.74% compared to the previous trading day, with Chuan Yi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Chuan Yi Co., Ltd. (603100) closed at 21.38, with a gain of 4.09% and a trading volume of 220,000 shares, amounting to a transaction value of 472 million yuan [1] - Other notable stocks included *ST Hui Cheng (002168) with a closing price of 5.08, up 3.89%, and Southwest Securities (600369) at 4.96, up 1.64% [1] Capital Flow - The Chongqing state-owned enterprise reform sector experienced a net outflow of 65.56 million yuan from institutional investors and 71.37 million yuan from speculative funds, while retail investors saw a net inflow of 137 million yuan [2] - The capital flow for individual stocks showed that Southwest Securities had a net inflow of 19.95 million yuan from institutional investors, while Chuan Yi Co., Ltd. had a net outflow of 38.78 million yuan from speculative funds [3]

Group 1: Industry Overview - Chongqing's Dadu River District is recognized as an "old industrial base" and has transformed into a hub for high-quality enterprises focusing on green and low-carbon initiatives following the relocation of Chongqing Steel's production processes in 2011 [1] - The glass fiber industry is one of the three key industries prioritized for development in Chongqing [3] Group 2: Company Highlights - Chongqing International Composite Materials Co., Ltd. (International Composite) is a key subsidiary of Yuntianhua Group, established in 1991, and was recognized as one of the first "green factories" by the Ministry of Industry and Information Technology in 2017 [2] - International Composite has implemented advanced dry ceramic filter technology for flue gas treatment, eliminating wastewater generation and reducing environmental impact [2] - The company has achieved a 50% reduction in wastewater generation through recycling and has built wastewater treatment stations that allow for 70% reuse of incoming wastewater, leading the industry [2] Group 3: Product Applications and Environmental Impact - International Composite's glass fiber products are widely used in green sectors such as wind power and energy-efficient windows, with a 20% to 30% reduction in energy consumption for buildings using their glass fiber-enhanced windows compared to traditional options [3] - If adopted nationwide, these energy-efficient windows could save millions of tons of standard coal annually and significantly reduce carbon dioxide emissions [3] Group 4: Waste Management and Environmental Contributions - Chongqing Sanfeng Environment Group focuses on waste-to-energy projects and has invested in 57 waste incineration power projects across 16 provinces, processing 61,000 tons of waste daily [4] - The company has processed over 124 million tons of waste by the end of 2024, resulting in a reduction of approximately 43.36 million tons of carbon dioxide emissions and providing 44.5 billion kWh of green electricity [4] - Sanfeng Environment employs advanced pollution control technologies, ensuring emissions meet national standards, with 11 incineration plants certified as "AAA-level" [4] Group 5: Business Expansion and Innovations - Sanfeng Environment is expanding its business to include waste heat and energy supply, as well as collaborative treatment of kitchen waste, sludge, and industrial waste [5] - The company has developed unique leachate treatment processes and holds patents for its containerized operation systems, providing integrated waste management solutions [5]

| 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-038 | | --- | --- | --- | --- | --- | | 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 关于召开 2025 年半年度业绩说明会的公告 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： 会议召开时间：2025 年 8 月 27 日（星期三）上午 10:00-11:00 会议召开地点：上海证券交易所"上证路演中心"网络平台（网址： http://roadshow.sseinfo.com） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 8 月 20 日 （星期三） 至 8 月 26 日 （星期二）1 ...

Investment Rating - The investment rating for the environmental industry is "Positive" [2] Core Viewpoints - The environmental industry has seen a surge in bond issuance in the first half of 2025, exceeding 30 billion yuan, primarily for cash replenishment and debt repayment [14][24] - The industry is characterized by a dual focus on "green" and "technological innovation" as reflected in the types of bonds issued [14] - The report highlights the ongoing market performance of the environmental sector, which has outperformed the broader market, with specific sub-sectors showing varied performance [3][6] Summary by Sections Market Performance - As of August 15, 2025, the environmental sector index rose by 1.72%, outperforming the Shanghai Composite Index, which increased by 1.70% [3][6] - The top-performing sub-sectors include solid waste management, which saw a 12.44% increase, while water governance experienced a decline of 0.96% [9][12] Industry Dynamics - Various provinces have issued and planned special bonds totaling 153.98 billion yuan to repay overdue corporate debts, showcasing proactive measures to address financial obligations [24] - The Ministry of Natural Resources released a report indicating that the existing seawater desalination projects in China will increase to 158, with a total capacity of 2.856 million tons per day, marking a 33,300 tons per day increase from 2023 [25] Company Announcements - Zhongke Environmental reported a revenue of 848.20 million yuan in the first half of 2025, a year-on-year increase of 4.48%, with a net profit of 196.26 million yuan, up 19.83% [37] - Chengfa Environment achieved a revenue of 3.216 billion yuan, with an environmental business revenue of 2.454 billion yuan, reflecting a 14.58% increase year-on-year [37] Investment Recommendations - The report suggests maintaining a positive outlook on the environmental sector, particularly in energy conservation and resource recycling, which are expected to sustain high growth [42] - Recommended companies include Hanlan Environment, Xingrong Environment, and Hongcheng Environment, with additional attention to Wangneng Environment and Junxin Co., Ltd. [42]

Core Viewpoint - The company, Sanfeng Environmental Group, has made significant strides in green development through its waste incineration power generation projects, achieving substantial environmental benefits and technological advancements [2][3]. Group 1: Environmental Impact - Since its establishment in 1998, the company has processed over 124 million tons of waste, resulting in a reduction of approximately 43.36 million tons of carbon dioxide emissions and the planting of 1.48 billion trees [2]. - The company has provided a total of 44.5 billion kilowatt-hours of green electricity [2]. Group 2: Technological Advancements - The company has introduced advanced waste incineration technology and has been a pioneer in domesticating these technologies, contributing to the reduction, resource utilization, and harmless treatment of waste [2]. - It has developed a simulation system for waste incineration power generation operations and participated in the formulation of 21 national and industry standards [2]. Group 3: Pollution Control - The company employs advanced pollution prevention technologies and adheres to strict pollution control standards, positioning itself as one of the leading waste incineration power plants globally [3]. Group 4: Educational Initiatives - The company has established modern environmental education bases across various locations in China, engaging over 450,000 members of the public through educational initiatives [3]. Group 5: Growth and Expansion - As of the end of last year, the company has invested in 57 waste power generation projects across 16 provinces, with a designed waste processing capacity exceeding 61,000 tons per day [3]. - Its original technologies and equipment have been applied in 260 waste incineration projects and 419 incineration lines, with a total designed waste processing capacity of over 230,000 tons per day [3].

Group 1 - The core stock price of Sanfeng Environment (601827) closed at 8.73 yuan on August 8, 2025, reflecting a 2.34% increase from the previous week's closing price of 8.53 yuan [1] - The highest intraday price reached 8.75 yuan on August 5, 2025, while the lowest intraday price was 8.49 yuan on August 4, 2025 [1] - The current total market capitalization of Sanfeng Environment is 14.596 billion yuan, ranking 10th out of 105 in the environmental governance sector and 1199th out of 5151 in the A-share market [1] Group 2 - The company announced a cash dividend distribution of 0.245 yuan per share, totaling 409,623,658.50 yuan [2] - The record date for the dividend is August 8, 2025, with the ex-dividend date and payment date both set for August 11, 2025 [2] - The profit distribution plan is based on a total share capital of 1,671,933,300 shares, with no differential dividend distribution [2]

Market Performance - On August 5, the Chongqing state-owned enterprise reform sector rose by 1.15% compared to the previous trading day, with Shanghai Sanmao leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] Stock Performance - Shanghai Sanmao (600689) closed at 13.04, up 6.02% with a trading volume of 114,200 shares and a turnover of 147 million yuan [1] - Qianli Technology (601777) closed at 8.65, up 3.10% with a trading volume of 826,100 shares and a turnover of 719 million yuan [1] - Other notable stocks include: - Dengkang Dental (001328) at 44.44, up 2.56% [1] - Yushansha A (000565) at 8.63, up 1.77% [1] - ST Huicheng (002168) at 3.87, up 1.04% [1] Capital Flow - The Chongqing state-owned enterprise reform sector saw a net inflow of 15.70 million yuan from main funds, while retail funds had a net inflow of 50.19 million yuan [2] - However, speculative funds experienced a net outflow of 65.90 million yuan [2] Individual Stock Capital Flow - Qianli Technology (601777) had a main fund net inflow of 29.63 million yuan, while speculative funds saw a net outflow of 42.24 million yuan [3] - Other stocks with significant capital flow include: - Jieling Pickled Vegetables (002507) with a main fund net inflow of 10.84 million yuan [3] - Sanfeng Environment (601827) with a main fund net inflow of 7.61 million yuan [3] - Notably, Chongqing Water (601158) had a main fund net inflow of 1.09 million yuan, while retail funds saw a net outflow of 3.13 million yuan [3]

（2）对于持有公司股票的合格境外机构投资者（"QFII"）股东，由公司根据国家税务总 局于 2009 年 1 月 23 日颁布的《关于中国居民企业向 QFII 支付股息、红利、利息代扣代缴企 业所得税有关问题的通知》（国税函〔2009〕47 号）的规定，按照 10%的税率统一代扣代缴企 业所得税。如相关股东认为其取得的股息、红利收入需要享受税收协定（安排）待遇的，可 按照规定在取得股息、红利后自行向主管税务机关提出申请。 （3）对于香港中央结算有限公司账户股东，其现金红利将由公司通过中国结算上海分公 司按股票名义持有人账户以人民币派发，根据《财政部、国家税务总局、证监会关于沪港股 | 证券代码：601827 证券简称：三峰环境 | | | | | | 公告编号：2025-037 | | --- | --- | --- | --- | --- | --- | --- | | 债券简称：GK 三峰 01 | 债券代码：240410 | | | | | | | 债券代码：241970 | | | | 债券简称：GK | 三峰 R1 | | | 债券代码：242083 | | | | 债券简称：GK | 02 三峰 ...