重庆三峰环境集团股份有限公司 关于使用自有资金进行现金管理的公告 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： 投资种类：安全性高、流动性好、有保本约定的固定收益类银行或券商 理财产品，如结构性存款等 投资金额：不超过人民币 13 亿元 | 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-048 | | --- | --- | --- | --- | --- | | 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 | | （四）现金管理的理财产品品种及安全性 为控制风险，公司拟投资的理财产品品种为安全性高、流动性好、有保本约 定的固定收益类银行或券商理财产品，包括但不限于结构性存款等保本型理财产 品，产品期限不超过 12 个月。本次 ...

| 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-047 | | --- | --- | --- | --- | --- | | 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 第三届董事会第九次会议决议公告 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"）第三届董事会第九次 会议（以下简称"本次会议"）于 2025 年 10 月 29 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 开程序符合《中华人民共 ...

Group 1 - Company Sanfeng Environment reported Q3 performance, with revenue of approximately 4.155 billion yuan for the first three quarters of 2025, a year-on-year decrease of 8.03% [1] - The net profit attributable to shareholders of the listed company was approximately 1.104 billion yuan, reflecting a year-on-year increase of 9.31% [1] - As of the report date, the market capitalization of Sanfeng Environment is 13.8 billion yuan [2]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,308,083,722.25, a decrease of 5.62% compared to the same period last year[4] - Total profit for the quarter reached ¥514,009,469.26, representing a year-on-year increase of 24.99%[4] - Net profit attributable to shareholders was ¥426,044,203.93, up 23.94% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥4,154,595,227.75, a decrease of 8.03% compared to ¥4,517,580,599.78 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥1,148,976,292.70, representing an increase of 7.75% from ¥1,066,392,770.21 in 2024[22] - The company achieved a total profit of ¥1,331,316,843.81 for the first three quarters of 2025, compared to ¥1,204,795,784.15 in 2024, marking an increase of 10.49%[21] Assets and Liabilities - The company's total assets increased by 9.98% to ¥26,116,078,973.45 compared to the end of the previous year[5] - As of September 30, 2025, the total assets of Chongqing Sanfeng Environment Group Co., Ltd. amounted to RMB 26.12 billion, an increase from RMB 23.75 billion as of December 31, 2024, representing a growth of approximately 10.0%[15] - The total liabilities increased to RMB 13.58 billion from RMB 11.92 billion, reflecting a rise of approximately 13.9%[17] - The total liabilities increased to ¥6,943,971,820.73 as of September 30, 2025, compared to ¥4,651,341,940.98 at the end of 2024[30] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥1,837,907,902.16, an increase of 16.71%[4] - The company's cash flow from operating activities for the first three quarters of 2025 was negative at -¥91,021,213.69, compared to -¥67,089,625.90 in the same period of 2024[33] - The net cash flow from operating activities increased to ¥1,837,907,902.16, up 16.73% from ¥1,574,753,615.13 in the previous year[25] - The cash inflow from investment activities in the first three quarters of 2025 was ¥3,063,289,443.24, significantly higher than ¥757,880,016.59 in the same period of 2024[33] - The net cash flow from investing activities was 1,348,130,128.61, compared to a negative cash flow of -1,331,396,421.21 in the previous period[34] - Total cash inflow from financing activities was ¥2,567,552,399.10, significantly higher than ¥295,103,330.24 in the previous year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,666[12] - The basic earnings per share for the quarter was ¥0.25, reflecting a 27.41% increase year-on-year[5] - The company reported a basic earnings per share of ¥0.66 for the first three quarters of 2025, up from ¥0.60 in the same period of 2024[22] Operational Metrics - The company processed a total of 11.77 million tons of waste in 2025, which is a year-on-year growth of 3.68%[14] - The total electricity generated by the company reached 4.64 billion kWh, reflecting a year-on-year increase of 3.10%[14] - The company sold 805,400 tons of steam, achieving a growth of 15.49% compared to the previous year[14] Investment and R&D - The company's research and development expenses for the first three quarters of 2025 were ¥6,184,065.32, compared to ¥2,218,015.75 in the same period of 2024, reflecting an increase in R&D investment[32] Accounting Standards - The company will not apply new accounting standards starting from 2025[35]

Company Overview - Sanfeng Environment (SH 601827) announced its third board meeting for the year 2025, which took place on October 29, 2025, in Chongqing [1] - The company reported a market capitalization of 13.8 billion yuan [1] Revenue Composition - For the year 2024, the revenue composition of Sanfeng Environment is as follows: - Power production accounts for 64.1% - Engineering contracting and design accounts for 32.01% - Sanitation business accounts for 3.69% - Other businesses account for 0.19% [1]

Core Viewpoint - Sanfeng Environment reported a decline in revenue for Q3 2025, while net profit showed significant growth, indicating a mixed performance in financial results [1] Financial Performance - For Q3 2025, the company achieved operating revenue of 1.308 billion yuan, a year-on-year decrease of 5.62% [1] - The net profit attributable to shareholders for Q3 2025 was 426 million yuan, reflecting a year-on-year increase of 23.94% [1] - Basic earnings per share for Q3 2025 stood at 0.25 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported total operating revenue of 4.155 billion yuan, down 8.03% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 1.104 billion yuan, which is a year-on-year increase of 9.31% [1] - Basic earnings per share for the first three quarters were 0.66 yuan [1]

Market Performance - The Chongqing state-owned enterprise reform sector rose by 0.89% compared to the previous trading day, with Qianli Technology leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up by 0.7%, while the Shenzhen Component Index closed at 13691.38, up by 1.95% [1] Stock Performance - Qianli Technology (601777) closed at 11.65, with a gain of 2.10% and a trading volume of 381,600 shares, amounting to a transaction value of 441 million yuan [1] - Southwest Securities (600369) closed at 4.87, up by 1.67%, with a trading volume of 635,200 shares and a transaction value of 307 million yuan [1] - Chongqing Water (601158) closed at 4.79, with a slight increase of 0.63% [1] - Chongqing Port (600279) and Sanfeng Environment (601827) had minimal gains of 0.18% and 0.12%, respectively [1] Capital Flow - The Chongqing state-owned enterprise reform sector saw a net inflow of 50.26 million yuan from institutional investors, while retail investors contributed a net inflow of 5.73 million yuan [2] - Speculative funds experienced a net outflow of 55.98 million yuan [2] Individual Stock Capital Flow - Qianli Technology had a net inflow of 24.34 million yuan from institutional investors, but a net outflow of 31.32 million yuan from speculative funds [3] - Southwest Securities also saw a net inflow of 23.01 million yuan from institutional investors, with a net outflow of 16.22 million yuan from speculative funds [3] - Chongqing Water had a net inflow of 2.68 million yuan from institutional investors, while speculative funds recorded a net outflow of 2.99 million yuan [3]

Investment Rating - Maintain "Buy" rating for the environmental protection industry [1] Core Views - The Fourth Plenary Session emphasizes integrating green development into the modern industrial system, accelerating market-oriented resource allocation, and addressing local government debt as a key task for the 14th Five-Year Plan [9][10] - The report highlights significant growth in the environmental sector, particularly in clean energy, recycling resources, and waste management, driven by policy support and market reforms [12][14] Policy Tracking - The Fourth Plenary Session outlines the importance of green transformation as a systemic project across economic and social development, with specific measures to achieve carbon peak and neutrality goals [9][10] - Key initiatives include accelerating the construction of a dual control system for carbon emissions, promoting green low-carbon energy transformation, and enhancing the circular economy [10][11] Industry Trends - The environmental protection sector is witnessing a surge in new energy sanitation vehicle sales, with a year-on-year increase of 63.18% and a penetration rate rise of 6.29 percentage points to 17.40% [6][9] - The report notes improvements in the profitability of biodiesel production, with stable prices for waste cooking oil and rising net profits [12][14] Investment Recommendations - Focus on clean energy operations, particularly in green electricity and green hydrogen, with specific companies recommended for investment [12][14] - In the recycling sector, companies involved in biofuels and recycled plastics are highlighted as key investment opportunities [12][14] - The report suggests that market-oriented pricing reforms in waste and water management will enhance cash flow stability and profitability for companies in these sectors [13][14] Company Tracking - Longjing Environmental plans to raise 2 billion yuan through a private placement to enhance its capital structure and support growth in green electricity and energy storage [12][14] - The report indicates that companies in the solid waste sector are experiencing improved cash flow and dividend payouts, with notable increases in free cash flow and dividend ratios [19][20]

Core Points - The company, Chongqing Sanfeng Environment Group Co., Ltd., will hold a performance briefing for the third quarter of 2025 on October 30, 2025 [3][4] - The briefing aims to provide investors with a comprehensive understanding of the company's operational results and financial status as of the third quarter of 2025 [3] - The event will be conducted via the Shanghai Stock Exchange's online platform, allowing for interactive communication with investors [4][6] Meeting Details - The performance briefing is scheduled for October 30, 2025, from 10:00 AM to 11:00 AM [2][4] - The location for the meeting is the Shanghai Stock Exchange "Roadshow Center" online platform [2][4] - Key personnel attending the meeting include the Chairman, Vice Chairman, Independent Directors, and the CFO [4] Investor Participation - Investors can participate in the briefing by logging into the Shanghai Stock Exchange's online platform on the day of the event [6] - A pre-questioning period is available from October 23 to October 29, 2025, where investors can submit questions via the platform or email [6] - After the briefing, the main content and outcomes will be accessible on the online platform [6]

| 证券代码：601827 | 证券简称：三峰环境 | | | 公告编号：2025-046 | | --- | --- | --- | --- | --- | | 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 年第三季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 10 月 30 日（星期四）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 10 月 23 日 （星期四） 至 10 月 29 日 （星 ...