Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - In the first half of 2025, the company achieved operating revenue of 3.904 billion yuan, a year-on-year decrease of 5.1%, while the net profit attributable to shareholders was 1.425 billion yuan, a slight increase of 0.13% [2][6]. - The environmental protection business continues to grow steadily, with the equipment and EPC segments experiencing a decline due to the revenue recognition schedule [11]. - The cash flow has shown continuous improvement, and the new energy materials project has commenced trial production, indicating potential for future revenue growth [11]. Summary by Sections Financial Performance - For Q2 2025, the company reported operating revenue of 1.894 billion yuan, down 10.04% year-on-year, and a net profit of 709 million yuan, down 0.24% [2][6]. - The company’s total revenue for the first half of 2025 was 3.904 billion yuan, with a gross profit margin of 49.0%, an increase of 3.3 percentage points year-on-year [11]. Business Segments - The company’s waste incineration projects processed 6.8932 million tons of waste in the first half of 2025, with a year-on-year increase of 8.71%, contributing to an environmental operation revenue of 1.711 billion yuan, up 6.2% [11]. - The equipment manufacturing and service segment saw new orders of 3.559 billion yuan, a significant increase compared to 1.213 billion yuan in the same period last year, although revenue from this segment decreased by 12.5% [11]. New Energy Materials - The company’s new energy materials project has begun trial production, with the production of 2,306 tons of nickel-containing products in the first half of 2025 [11]. - The company is actively expanding its lithium battery material production capacity and has invested in a lithium carbonate project in Fujian [11]. Future Outlook - The company expects net profits attributable to shareholders to reach 2.96 billion yuan, 3.47 billion yuan, and 3.97 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 11.2x, 9.6x, and 8.3x [11].

Core Viewpoint - On August 26, no A-share listed companies disclosed any increase in shareholding, while 14 companies announced share reductions, indicating a trend of shareholder divestment in the market [1]. Summary by Category Share Reduction Details - Dabo Medical: Shareholder Dabo International plans to reduce its stake by no more than 2% [2] - Sichuan Shuangma: Shareholders plan to collectively reduce their stake by no more than 2% [2] - Gaolan Co.: No specific details provided [2] - Yingpais: Specific shareholder Qingdao Qingying intends to reduce no more than 200,000 shares [2] - Chaoyang Technology: Shareholders plan to reduce no more than 3% of their shares [2] - Shenke Da: Director and Deputy General Manager Zhang Xinming plans to reduce no more than 0.88% of shares [2] - Xindong Link: Electronic Institute and Microelectronics Institute plan to collectively reduce no more than 1% of shares [2] - Guomai Culture: Some directors and senior management plan to reduce no more than 0.05% of shares [2] - Zhongwei Company: Xuexin Investment plans to reduce no more than 2% of the total share capital [2] - Shenma Power: Chen Xiaoqin plans to reduce no more than 3% of shares [2] - Hongxun Technology: Some directors and senior management plan to reduce their shares [2] - Weiming Environmental Protection: Major shareholders and concerted actors plan to reduce no more than 1.55% of shares [2] - Yicheng Material: Guoxin Shanghai plans to reduce no more than 1.46% of the total share capital [2] - Liande Co.: Shareholders plan to collectively reduce no more than 2.37% of shares [2]

Mergers and Acquisitions - Zhongqi Co., Ltd. plans to acquire 100% equity of Zhongqi Research Automotive Inspection Center (Hulunbuir) Co., Ltd. for a cash consideration of 111 million yuan [1] - Biyi Micro intends to invest 295 million yuan to acquire 100% equity of Shanghai Xingan Semiconductor Co., Ltd. [2] - Xintian Green Energy aims to acquire 49% equity of Chongli Wind Power and Zhangbei Wind Power through public bidding, with starting prices of 67.65 million yuan and 56.59 million yuan respectively [3] Earnings Disclosure - China Gold reported a net profit of 319 million yuan for the first half of 2025, a decrease of 46.35% year-on-year, with revenue of 31.098 billion yuan, down 11.54% [4] - Northern Rare Earth announced a net profit of 931 million yuan for the first half of 2025, an increase of 1951.52% year-on-year, with revenue of 18.866 billion yuan, up 45.24% [5] - Yonyou Network reported a net loss of 945 million yuan for the first half of 2025, with revenue of 3.581 billion yuan, down 5.9% year-on-year [6] Shareholding Changes - Shenma Power's major shareholder Chen Xiaoqin plans to reduce holdings by up to 3%, equivalent to 12.95 million shares, from September 17, 2025, to December 16, 2025 [7] - Weiming Environmental Protection's major shareholder and concerted actors plan to reduce holdings by up to 1.55% within three months from the announcement date [8] - Liande Co., Ltd.'s controlling shareholder's concerted actors plan to reduce holdings by up to 2.37%, totaling 5.688 million shares, within the next three months [9] Other News - Zhejiang Wen Film Industry announced that independent director Liu Jing has been detained by relevant supervisory authorities, but the matter is unrelated to the company [11]

大股东项光明先生及一致行动人朱善玉先生、章锦福先生、章小建先生、迎 水兴盛 6 号、迎水飞龙 20 号、新享嘉恳 7 号计划自本公告发布之日起 15 个交易 日后的 3 个月内（窗口期等不得减持股份期间不减持），拟通过集中竞价及大宗 交易方式合计减持不超过 26,395,390 股，占公司当前总股本比例为 1.55%。减 持价格将按照减持实施时的市场价格确定。 采用集中竞价交易方式减持公司股份的，在任意连续 90 日内，上述股东减 持股份的总数不超过公司总股本的 1%；采用大宗交易方式减持公司股份的，在 任意连续 90 日内，上述股东减持股份的总数不超过公司总股本的 2%。若上述减 持期间公司有送股、资本公积金转增股本、配股等事项，减持股份数量将相应调 重要内容提示： 大股东及一致行动人持股的基本情况 截至本公告披露日，浙江伟明环保股份有限公司（以下简称"公司"）大股 东项光明先生及一致行动人朱善玉先生、章锦福先生、章小建先生、上海迎水投 资管理有限公司-迎水兴盛 6 号私募证券投资基金（以下简称"迎水兴盛 6 号"）、 上海迎水投资管理有限公司-迎水飞龙 20 号私募证券投资基金（以下简称"迎水 飞龙 20 ...

| 转债代码：113652 | 转债简称：伟 22 转债 | | | | --- | --- | --- | --- | | 证券代码：603568 转债代码：113683 | 证券简称：伟明环保 转债简称：伟 转债 24 | 公告编号：临 | 2025-056 | 浙江伟明环保股份有限公司 关于"伟 22 转债"预计满足转股价格修正条件的 提示性公告 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。 一、 "伟 22 转债"基本情况 经中国证券监督管理委员会证监许可[2022]1252 号文核准，浙江伟明环保股 份有限公司（以下简称"公司"）于 2022 年 7 月 22 日公开发行了 1,477.00 万张 可转换公司债券，每张面值 100 元，发行总额 147,700.00 万元。本次发行的可转 债期限为发行之日起 6 年。本次发行的可转债票面利率为：第一年 0.20%、第二 年 0.40%、第三年 0.80%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 经上海证券交易所自律监管决定书[2022]220 ...

每经AI快讯，8月26日，伟明环保(603568.SH)公告称，公司大股东项光明及一致行动人朱善玉、章锦 福、章小建、迎水兴盛6号、迎水飞龙20号、新享嘉恳7号计划自本公告发布之日起15个交易日后的3个 月内，拟通过集中竞价及大宗交易方式合计减持不超过26,395,390股，占公司当前总股本比例为 1.55%。减持价格将按照减持实施时的市场价格确定。 ...

Group 1 - The major shareholder, Mr. Xiang Guangming, along with his concerted parties, plans to reduce their holdings by up to 26.3954 million shares, which represents 1.55% of the company's total share capital [1] - The reduction will take place within three months after a 15 trading day period from the announcement date, during which no shares will be sold [1] - The selling price will be determined based on the market price at the time of the reduction [1]

Market Overview - The Shanghai Composite Index closed at 3888.00 points, with a slight increase of 0.11% and total trading volume of 169.94 billion yuan [1] - A total of 26 A-shares have surpassed their annual moving average, indicating positive market sentiment [1] Notable Stocks - Creative Information (300366) showed the highest deviation rate of 4.01%, with a daily increase of 4.72% and a turnover rate of 13.12% [1] - TCL Smart Home (002668) followed with a 3.37% deviation rate, increasing by 5.49% today [1] - Weiming Environmental (603568) had a deviation rate of 2.57%, with a daily increase of 3.46% [1] Stocks with Smaller Deviations - China National Pharmaceutical (600938), Zhongju High-tech (600872), and China Oil (000028) all had minor deviation rates, just above their annual lines, with increases of 0.31%, 1.11%, and 0.57% respectively [2]

（文章来源：证券时报网） 8月26日突破年线个股乖离率排名 证券时报·数据宝统计，截至今日上午10:29，上证综指3871.31点，收于年线之上，涨跌幅为-0.32%，A 股总成交额为12408.94亿元。到目前为止，今日有14只A股价格突破了年线，其中乖离率较大的个股有 TCL智家、创意信息、伟明环保等，乖离率分别为3.84%、3.46%、2.42%；银邦股份、上海石化、湖南 裕能等个股乖离率较小，刚刚站上年线。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 002668 | TCL智 | 5.96 | 3.25 | 10.79 | 11.20 | 3.84 | | | 家 | | | | | | | 300366 | 创意信 | 4.16 | 10.88 | 8.96 | 9.27 | 3.46 | | | 息 | | | | ...

Group 1: Ruijie Networks - Ruijie Networks reported that its data center product revenue growth in the first half of the year was primarily driven by internet clients, accounting for over 90% of revenue, with 400G products making up over 60% [1] - The demand for cloud computing infrastructure remains strong, with expected increased capital expenditure from the internet industry based on intelligent computing [1] - The company’s overseas revenue reached 1.145 billion yuan, a year-on-year increase of 48%, primarily targeting the SMB market, with the number of partners growing to 2,620 [1] Group 2: Baillie Gifford - Baillie Gifford is collaborating with BMS to develop iza-bren and has initiated three key overseas clinical trials for treating triple-negative breast cancer, EGFR-mutant non-small cell lung cancer, and urothelial carcinoma [2] - The company has nine DC drugs in clinical trials and one in the IND acceptance stage, with R&D expenses amounting to 1.038 billion yuan as of June 30 [2] - The company aims to become a leading entry-level multinational corporation in the oncology treatment field within five years [2] Group 3: Weiming Environmental - Weiming Environmental achieved revenue of 1.711 billion yuan from environmental project operations in the first half, an increase of 100 million yuan year-on-year, while equipment manufacturing revenue decreased by 300 million yuan to 2.175 billion yuan [3] - The company’s environmental operation business saw an increase in gross margin due to higher waste processing volumes and improved operational efficiency [3] - The company has received over 50 million yuan in national subsidies and is optimistic about the second half of the year [3]