2025 年 11 月 12 日，公司收到控股股东德能控股通知，德能控股将其质押 给联储证券有限责任公司的公司流通股股票 1,110 万股办理了股票质押回购交易 的解除质押业务。相关质押解除手续已办理完毕。具体事项如下： 浙江德创环保科技股份有限公司 关于公司控股股东部分股份解除质押的公告 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法律责任。 重要内容提示: 截至公告披露日，浙江德创环保科技股份有限公司（以下简称"公司"、"本公 司"）控股股东浙江德能产业控股集团有限公司（以下简称"德能控股"）持有 公司股份 8,794.75 万股，占公司总股本的 42.66%，质押公司股份数量为 4,295 万股，占公司总股本 20.83%，占其持有公司股份总数的 48.84%。德能控股 及其一致行动人绍兴德忻企业管理有限公司（以下简称"绍兴德忻"）、香 港融智集团有限公司（以下简称"香港融智"）合计持有公司股份 11,933.4 万股，占公司总股本的 57.89%，质押公司股份数量为 4,295 万股，占公司总 股本的 20.83%，占其持有公 ...

2025 年第二次临时股东大会会议须知 为维护广大投资者的合法权益，确保本次股东大会顺利召开，根据《中华人 民共和国公司法》《中华人民共和国证券法》《上市公司股东大会规则》以及《浙 江德创环保科技股份有限公司章程》（以下简称"《公司章程》"）《浙江德创环 保科技股份有限公司股东大会议事规则》等有关规定，特制定本次股东大会会议 须知，望全体参会人员遵守执行： | P V | | --- | | | | | | 2025 年第二次临时股东大会 会议资料 2025 年 11 月 证券代码：603177 证券简称：德创环保 浙江德创环保科技股份有限公司 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，务请 出席大会的股东或其代理人或其他出席者准时到达会场签到确认参会资格。会议 开始后，会议登记应当终止，由会议主持人宣布现场出席会议的股东和代理人人 数及所持有的表决权数量。 三、会议按照会议通知上所列顺序审议、表决议案。 四、参会股东及股东代表依法享有发言权、质询权、表决权 ...

Core Points - The company announced a capital increase to its subsidiary Ningbo Yongde Environmental Development Co., Ltd. totaling 67,640,000 yuan to fund the acquisition of a 40% stake in Shaoxing Huaxin Environmental Technology Co., Ltd. [1] - The capital increase consists of 40,584,000 yuan from the company and 27,056,000 yuan from another shareholder, Ningbo Energy Group Co., Ltd. [1] - The capital increase has been fully received and the necessary business registration changes have been completed [1]

证券代码：603177 证券简称：德创环保 公告编号：2025-055 浙江德创环保科技股份有限公司 关于完成对控股子公司宁波甬德增资暨 一、本次增资概述 浙江德创环保科技股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日 召开第五届董事会第五次会议，审议通过了《关于向控股子公司宁波甬德增资暨 关联交易的议案》，公司以自有资金按股权比例向控股子公司宁波甬德环境发展 有限公司（以下简称"宁波甬德"）增资 40,584,000 元，宁波甬德另一股东宁波 能源集团股份有限公司（以下简称"宁波能源"）按股权比例向宁波甬德增资 27,056,000 元，双方合计增资 67,640,000 元，以满足宁波甬德收购绍兴华鑫环保 科技有限公司（以下简称"华鑫环保"）40%股权的 67,640,000 元资金需求。具体 内容详见上海证券交易所网站（www.sse.com.cn）及公司指定法定信息披露媒体 刊登的《关于向控股子公司宁波甬德增资暨关联交易的公告》（公告编号： 2025-031）。 二、本次增资进展情况 截至公告披露日，宁波甬德已收到全部增资款并完成工商变更登记备案手续， 并取得了宁波市鄞州区市场监督 ...

Core Viewpoint - The company reported a significant increase in revenue but a substantial decline in net profit for the third quarter, primarily due to foreign exchange losses and the impact of non-recurring expenses from the previous year [2][6]. Financial Performance - Revenue for the reporting period increased by 17.48% compared to the same period last year, attributed to the execution of existing orders and increased revenue recognition [2]. - Net profit attributable to shareholders decreased by 45.88% year-on-year, with a net loss of 4.32 million yuan, largely due to foreign exchange losses of 7.17 million yuan [2][6]. - The net cash flow from operating activities fell by 200.69% compared to the previous year, driven by increased payments for bank guarantees and higher costs associated with order execution [2]. Corporate Governance Changes - The company announced the cancellation of its supervisory board and the revision of its articles of association to enhance governance and compliance with legal requirements [6][8]. - The responsibilities of the supervisory board will be transferred to the audit committee of the board of directors [6][7]. - The revised articles of association will remove references to the supervisory board and update governance structures in accordance with regulatory standards [8][9]. Upcoming Approvals - The proposed changes to the articles of association and governance systems will require approval from the company's shareholders at the upcoming general meeting [9][10].

Group 1 - The core point of the article is that 德创环保 (Dechuan Environmental Protection) reported its Q3 2025 results, highlighting the institutional ownership and changes in shareholding patterns [1] - As of October 30, 2025, six institutional investors hold a total of 129 million shares of 德创环保, representing 62.39% of the total share capital [1] - The institutional ownership decreased by 1.79 percentage points compared to the previous quarter [1] Group 2 - The report mentions 14 public funds that did not disclose holdings in the current period, including 中信保诚多策略混合 (CITIC Prudential Multi-Strategy Mixed) A and 诺安多策略混合 A [1] - Two new foreign institutions disclosed their holdings this quarter, namely MORGAN STANLEY & CO. INTERNATIONAL PLC. and 高盛公司有限责任公司 (Goldman Sachs) [1]

Core Viewpoint - 德创环保 reported a revenue of 793 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 17.48% while the net profit attributable to shareholders decreased by 45.88% to 13.11 million yuan, with basic earnings per share at 0.06 yuan [1] Financial Performance - The company achieved an operating revenue of 793 million yuan, which is a 17.48% increase compared to the previous year [1] - The net profit attributable to the parent company's shareholders was 13.11 million yuan, showing a significant decline of 45.88% year-on-year [1] - Basic earnings per share stood at 0.06 yuan [1]

Core Viewpoint - Dechuan Environmental Protection is a leading comprehensive service provider in flue gas treatment in China, with advanced environmental protection technology and rich project experience, demonstrating strong competitiveness in the flue gas treatment sector [1] Group 1: Business Performance - In Q3 2025, Dechuan Environmental Protection reported revenue of 793 million yuan, ranking third among eight companies in the industry, with the industry leader, Yuanda Environmental Protection, generating 2.936 billion yuan [2] - The main business composition includes flue gas treatment engineering at 217 million yuan (44.16%), denitration catalysts at 149 million yuan (30.20%), and desulfurization equipment at 78.61 million yuan (15.97%) [2] - The net profit for the same period was 7.41 million yuan, ranking sixth in the industry, with the industry leader's net profit at 72.84 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Dechuan Environmental Protection's debt-to-asset ratio was 79.63%, higher than the previous year's 76.94% and above the industry average of 56.37% [3] - The gross profit margin for Q3 2025 was 21.27%, lower than the previous year's 23.61% but higher than the industry average of 16.98% [3] Group 3: Shareholder Information - As of June 30, 2025, the number of A-share shareholders decreased by 1.71% to 12,100, while the average number of circulating A-shares held per household increased by 1.74% to 16,800 [5] - By September 30, 2025, two funds, CITIC Prudential Multi-Strategy Mixed (LOF) A and Nu'an Multi-Strategy Mixed A, exited the top ten circulating shareholders list [5] Group 4: Executive Compensation - The chairman, Jin Meng, received a salary of 817,300 yuan in 2024, an increase of 20,600 yuan from 2023 [4] - The general manager, Zhao Bo, earned 759,200 yuan in 2024, up by 25,100 yuan from the previous year [4]

Core Insights - Dechang Environmental Protection reported a revenue of 793 million yuan for the first three quarters of 2025, representing a year-on-year increase of 17.48% [1] - The company's net profit attributable to shareholders was 13.11 million yuan, a decline of 45.88% year-on-year, while the net profit excluding non-recurring items was 5.4 million yuan, down 73.12% year-on-year [1][2] - The basic earnings per share stood at 0.06 yuan [1][2] Financial Performance - The gross profit margin for the first three quarters of 2025 was 21.27%, a decrease of 2.34 percentage points year-on-year, while the net profit margin was 0.93%, down 2.56 percentage points from the previous year [2] - In Q3 2025, the gross profit margin was 17.65%, showing a year-on-year decline of 1.89 percentage points and a quarter-on-quarter decline of 3.87 percentage points; the net profit margin was -2.04%, down 3.67 percentage points year-on-year and 3.53 percentage points quarter-on-quarter [2] - Operating expenses for the period amounted to 149 million yuan, an increase of 25.36 million yuan year-on-year, with an expense ratio of 18.82%, up 0.47 percentage points from the previous year [2] Business Overview - Dechang Environmental Protection, established on September 6, 2005, and listed on February 7, 2017, is located in Shaoxing, Zhejiang Province, and specializes in flue gas treatment products and services [3] - The revenue composition includes flue gas treatment projects (44.16%), denitration catalysts (30.20%), desulfurization equipment (15.97%), dust removal equipment (4.00%), waste salt and slag resource utilization (3.36%), hazardous waste treatment (2.00%), and others (0.32%) [3] - The company operates within the environmental protection industry, specifically in air pollution control, and is categorized under several concept sectors including micro-cap stocks, small-cap stocks, QFII holdings, solid waste treatment, and the Belt and Road Initiative [3]

浙江德创环保科技股份有限公司 关联交易管理制度 第一章 总则 第一条 为进一步加强浙江德创环保科技股份有限公司（以下简称"本公司" 或"公司"）关联交易管理，明确管理职责和分工，维护公司股东和债权人的合 法利益，特别是中小投资者的合法利益，保证公司与关联方之间订立的关联交易 合同符合公平、公正、公开的原则，根据中国证监会有关规范关联交易的文件规 定、《上海证券交易所股票上市规则》（以下简称"《上市规则》"）、《上海 证券交易所上市公司自律监管指引第5号——交易与关联交易》及《浙江德创环保 科技股份有限公司章程》（以下简称"《公司章程》"）的规定，特制定本制度。 第二条 公司的关联交易，是指公司、控股子公司及控制的其他主体与公司关 联人之间发生的转移资源或者义务的事项，包括： （一）购买或出售资产； （二）对外投资（含委托理财，委托贷款，对子公司、合营企业、联营企业 投资，投资交易性金融资产、可供出售金融资产、持有至到期投资等）； （三）提供财务资助（含有息或者无息借款、委托贷款等）； 1 （四）提供担保（含对控股子公司担保等）； （五）租入或租出资产； （六）委托或者受托管理资产和业务； （七）赠与或者受赠财 ...