Core Viewpoint - Ningbo Yongde Environmental Development Co., Ltd. plans to acquire equity in Shaoxing Huaxin Environmental Technology Co., Ltd., necessitating an assessment of the total equity value of Huaxin Environmental [1][2]. Group 1: Assessment Overview - The assessment is based on the basic principles of asset evaluation published by the Ministry of Finance and the professional standards set by the China Asset Appraisal Association [1]. - The purpose of the assessment is to provide a reference for the total equity value of Huaxin Environmental in relation to the acquisition [2][3]. - The assessment date is set for June 30, 2025, and the assessed value is determined using the asset-based method and income method [2][6]. Group 2: Financial Data - The assessed value of Huaxin Environmental's total equity is approximately 169.28 million yuan, representing an increase of 7.72 million yuan or a growth rate of 4.78% compared to the book value of 161.56 million yuan [2]. - As of June 30, 2025, the total assets and liabilities of Huaxin Environmental are reported as 189.41 million yuan and 27.85 million yuan, respectively [3][4]. Group 3: Company Background - Huaxin Environmental was established on June 21, 2005, with an initial registered capital of 1.5 million yuan, which has increased to 30 million yuan as of the assessment date [3][4]. - The company specializes in the treatment and disposal of hazardous waste, holding various operational licenses, including those for industrial hazardous waste and medical waste [3][4]. Group 4: Asset Evaluation Methodology - The asset-based method is used to evaluate the total equity value, focusing on the balance sheet's assets and liabilities [6][9]. - The income method is also applicable due to the predictability of future earnings and the ability to estimate the corresponding discount rate [6][11]. - The assessment includes both recorded and unrecorded assets, such as patents and office equipment, which are factored into the overall valuation [4][10].

Core Viewpoint - The stock of Zhejiang Dechuang Environmental Technology Co., Ltd. experienced abnormal trading fluctuations, with a significant increase in stock price over two consecutive trading days, prompting the company to clarify its operational status and confirm no undisclosed major information [1][2][3]. Group 1: Stock Trading Abnormalities - The company's stock price increased by more than 20% over two consecutive trading days on August 26 and 27, 2025, which is classified as abnormal trading behavior according to the Shanghai Stock Exchange regulations [2]. - The company's price-to-earnings (P/E) ratio as of August 26, 2025, was reported at 98.18, significantly higher than the industry average P/E ratio of 22.68 for the "Ecological Protection and Environmental Governance" sector [1][3]. Group 2: Operational Status - The company confirmed that its production and operational activities are normal, with no significant changes in market conditions, industry policies, or production costs [2]. - There have been no major contracts signed recently, and the company's main business does not involve new technologies or business models [2]. Group 3: Major Events and Information - The company conducted a self-examination and confirmed that there are no undisclosed major events affecting stock trading, including asset restructuring, share issuance, or significant business collaborations [2][3]. - There were no media reports or market rumors identified that could have influenced the stock price during the abnormal trading period [3]. Group 4: Board Statement - The board of directors confirmed that there are no undisclosed matters that should have been reported according to the Shanghai Stock Exchange regulations, and they will continue to fulfill their information disclosure obligations [4].

Meeting Details - The fifth meeting of the fifth supervisory board of Zhejiang Dechuang Environmental Technology Co., Ltd. was held, chaired by Ms. Li Zhefai [1] - All three supervisors attended the meeting, meeting the legal requirements [1] Supervisory Board Resolutions - The supervisory board reviewed and approved the 2025 semi-annual report, confirming compliance with legal and internal regulations [1] - The report accurately reflects the company's operational results and financial status without any false statements or omissions [1] - No confidentiality violations were found among the personnel involved in the report's preparation [1] Shareholder Meeting Proposals - The company plans to acquire 40% of Shaoxing Huaxin Environmental Technology Co., Ltd. for RMB 67,640,000 to extend its hazardous waste disposal business [2] - The proposal received unanimous approval from the supervisory board and will be submitted for shareholder meeting review [2][3] - The company will increase capital in its subsidiary Ningbo Yongde by RMB 40,584,000, with another shareholder contributing RMB 27,056,000, totaling RMB 67,640,000 [2]

证券代码：603177 证券简称：德创环保 公告编号：2025-032 浙江德创环保科技股份有限公司 关于召开2025年第一次临时股东大会的通知 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： 召开的日期时间：2025 年 9 月 12 日 14 点 00 分 召开地点：浙江省绍兴市袍江新区三江路以南 公司会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 12 日 投票股东类型 序号 议案名称 至2025 年 9 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交 ...

Core Viewpoint - Zhejiang Dechuang Environmental Protection Technology Co., Ltd. plans to acquire a 40% stake in Shaoxing Huaxin Environmental Technology Co., Ltd. for RMB 67,640,000, which constitutes a related party transaction but does not qualify as a major asset restructuring [1][2]. Group 1: Transaction Overview - The acquisition aims to extend the hazardous waste disposal industry chain and enhance the synergy with existing business operations [2][11]. - The transaction has been approved by the company's board and supervisory committee and will be submitted for shareholder approval [3][2]. - The transaction price is set at RMB 67,640,000, with full payment due by October 31, 2025 [2][3]. Group 2: Related Party Information - The seller, Zhejiang Mingyan Asset Management Co., Ltd., has no other related transactions with the company in the past 12 months [3][7]. - The major shareholders of Mingyan Asset include Huang Aixiang (65.60%) and Lu Junchai (33.40%) [5]. Group 3: Target Company Overview - Shaoxing Huaxin Environmental Technology Co., Ltd. specializes in the incineration disposal of medical and industrial hazardous waste, with a processing capacity of 30,000 tons of industrial hazardous waste and 9,800 tons of medical waste annually [8][9]. - The company has a clear ownership structure and is not involved in any litigation or arbitration that would hinder the transfer of ownership [7][8]. Group 4: Financial Information - As of the evaluation date, Huaxin Environmental's total assets are valued at approximately RMB 194.71 million, with total liabilities of about RMB 22.55 million, resulting in net assets of approximately RMB 172.16 million [10][23]. - The assessed value of the entire equity of Huaxin Environmental is RMB 169.28 million, reflecting an increase of RMB 7.72 million (4.78%) over the book value [12][23]. Group 5: Strategic Rationale - The acquisition is driven by strategic collaboration needs, as Huaxin Environmental complements the operations of Dechuang's subsidiaries in the hazardous waste sector [11][12]. - The company will not acquire a controlling stake to maintain management stability and will participate in significant decisions through board representation [11][12].

Overview - The core point of the announcement is the capital increase by Zhejiang Dechuang Environmental Technology Co., Ltd. to its subsidiary Ningbo Yongde Environmental Development Co., Ltd. to fund the acquisition of a 40% stake in Shaoxing Huaxin Environmental Technology Co., Ltd. [1][2] Group 1: Capital Increase Details - The company will increase its investment in Ningbo Yongde by 40,584,000 RMB, while another shareholder, Ningbo Energy Group Co., Ltd., will contribute 27,056,000 RMB, totaling 67,640,000 RMB for the acquisition [1][2] - After the capital increase, Ningbo Yongde's registered capital will rise from 80,000,000 RMB to 147,640,000 RMB [1] Group 2: Financial Performance of Ningbo Yongde - As of December 31, 2024, Ningbo Yongde had total assets of 23,793.61 million RMB and net assets of 5,259.02 million RMB [3] - For the first half of 2025, total assets decreased to 22,876.65 million RMB, and net assets were 4,888.10 million RMB [3] - The company reported a revenue of 3,412.74 million RMB for 2024, which dropped to 985.87 million RMB by June 30, 2025, with a net loss of 417.79 million RMB in 2024 and 370.92 million RMB in the first half of 2025 [3] Group 3: Purpose and Impact of the Capital Increase - The purpose of the capital increase is to meet the funding requirement for acquiring the 40% stake in Huaxin Environmental, which will add waste incineration business to the company and enhance its competitiveness in hazardous waste disposal [5][6] - The funding will come from the company's own resources, and the transaction is expected to have no adverse effects on the company or its shareholders [5][6] Group 4: Approval Process - The board of directors approved the capital increase and related transactions during a meeting on August 26, 2025, with independent directors and the audit committee also reviewing the proposal [2][6] - The transaction is classified as a related party transaction and does not constitute a major asset restructuring, pending approval from the shareholders' meeting [2][6]

Group 1 - The company reported a new order amount of 497.53 million yuan for the first half of 2025 [1] - The order amount is categorized by business segments, although specific segments are not detailed in the announcement [1] - As of June 30, 2025, the total amount of orders on hand awaiting execution is not specified in the document [1]

证券代码：603177 证券简称：德创环保 公告编号：2025-033 浙江德创环保科技股份有限公司 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法律责任。 重要内容提示： ? 会议召开时间：2025 年 9 月 3 日（星期三）下午 15：00-16：00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 9 月 2 日(星期二)16:00 前登录上证路演中心网站首页点击 "提问预征集"栏目或通过公司邮箱（securities@zj-tuna.com）进行提 问。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江德创环保科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日 发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 3 日（星期三）下午 15： ...

格隆汇8月27日丨德创环保(603177.SH)发布2025年半年度报告，报告期实现营业收入4.92亿元，同比增 长11.24%；归属上市公司股东的净利润1743.22万元，同比下降14.47%；扣除非经常性损益后的归属于 上市公司股东的净利润1154.98万元，同比下降37.59%；基本每股收益0.08元。 ...

Group 1 - The company received an inquiry letter from the Shanghai Stock Exchange regarding its proposed acquisition of a 40% stake in Huaxin Environmental Technology Co., Ltd. for 67.64 million yuan [1][2] - The inquiry highlights potential conflicts of interest due to the company's controlling shareholder providing a loan of 75.87 million yuan to the seller, which is comparable to the transaction amount [2][3] - The inquiry requests additional disclosures about the loan's background, repayment arrangements, and the financial capability of the seller [2][3] Group 2 - The target asset, Huaxin Environmental, reported revenues of 59.17 million yuan and a net profit of 158,500 yuan in 2024, but incurred a loss of 596,300 yuan in the first half of 2025 [2][3] - The inquiry seeks detailed information on the target asset's business model, market position, and reasons for its financial performance, as well as the strategic rationale for the acquisition [2][3] - The company is required to clarify its funding sources for the transaction, given its reported cash of 246 million yuan, with 211 million yuan being restricted, and an asset-liability ratio of 79% [3]