浙江伟明环保股份有限公司 关于实施"伟 24 转债"赎回暨摘牌的第一次 提示性公告 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。 | 证券代码：603568 | 证券简称：伟明环保 | | 公告编号：临 | 2025-081 | | --- | --- | --- | --- | --- | | 转债代码：113652 | 转债简称：伟 22 | 转债 | | | | 转债代码：113683 | 转债简称：伟 24 | 转债 | | | 重要内容提示： 截至 2025 年 12 月 4 日收市后，距离 12 月 12 日（"伟 24 转债"最后交易日） 仅剩 6 个交易日，12 月 12 日为"伟 24 转债"最后一个交易日。 最后转股日：2025 年 12 月 17 日 截至 2025 年 12 月 4 日收市后，距离 12 月 17 日（"伟 24 转债"最后转股日） 仅剩 9 个交易日，12 月 17 日为"伟 24 转债"最后一个转股日。 本次提前赎回完成后，"伟 24 转债"将自 2025 年 12 月 18 日起在 ...

Core Viewpoint - Zhejiang Weiming Environmental Co., Ltd. has announced the early redemption of its "Wei 24 Convertible Bonds" due to the stock price exceeding the redemption threshold, with the last trading day set for December 12, 2025, and the bonds to be delisted on December 18, 2025 [1][4][14]. Redemption Details - The last trading day for "Wei 24 Convertible Bonds" is December 12, 2025, and the last conversion day is December 17, 2025 [6][13]. - The redemption price is set at 100.2904 CNY per bond, which includes the face value and accrued interest [9][10]. - The redemption registration date is December 17, 2025, and the redemption payment date is December 18, 2025 [6][12]. Conditions for Early Redemption - The early redemption was triggered as the stock price was above 130% of the conversion price for 15 out of 30 consecutive trading days [5][8]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million CNY [7]. Investor Guidance - Investors are advised to convert or sell their "Wei 24 Convertible Bonds" within the specified timeframe to avoid forced redemption [4][17]. - The company emphasizes the importance of acting before the last trading day to mitigate potential losses, as the market price significantly exceeds the redemption price [17].

| 证券代码：603568 | 证券简称：伟明环保 | | | 公告编号：临 | 2025-080 | | --- | --- | --- | --- | --- | --- | | 转债代码：113652 | 转债简称：伟 | 22 | 转债 | | | | 转债代码：113683 | 转债简称：伟 | 24 | 转债 | | | 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： 证券停复牌情况：适用 因提前赎回"伟 24 转债",本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 113683 | 伟 24 | 转债 | 可转债债券停牌 | 2025/12/15 | | | | 赎回登记日：2025 年 12 月 17 日 浙江伟明环保股份有限公司 截至 2025 年 12 月 3 日收市后，距离 12 月 12 日 ...

引言： 2025年， 创业邦再度联合向光未来与中国影响力投资网络（CIIN） 共同推出 "2025向光奖 | ESG影响力投资机构 TOP10" 和 "2025向光奖｜ESG影响力投资最佳实践TOP10" 评选活动，旨在寻找更多资本向善的引领者，推动以商业手段解 决社会问题。 粮食安全隐患、气候危机和环境污染等正成为全球面临的复合型挑战，构建可持续的社会生态体系已 成为公众核心诉求。基于此，投资者在追求财务收益的同时，愈发重视通过资本配置推动社会公平与 生态修复，实现经济价值与社会价值的共生共荣。 根据公开数据显示， 2020 年至 2024 年五年间，全球影响力投资市场规模从 7150 亿美元跃升至 1.57 万亿美元，年均增长率达 14% 。伴随国内资本市场深度演进与可持续投资理念的日益成熟， 影响力投资作为 ESG 投资的高阶范式，已从概念阶段进入大规模实践时期，正以财务收益和社会效 益的双重驱动机制重构资本配置格局，为构建更加公平、可持续的未来经济提供新的解决方案。 2025 年， 创业邦再次联合向光未来和中国影响力投资网络（ CIIN ）发起 "2025 向光奖 | ESG 影 响力投资奖 " 评选 ...

Investment Rating - The report maintains a "Strong Buy" rating for the utility sector, indicating a positive outlook for investment opportunities in this industry [3]. Core Insights - The utility sector has shown significant performance differentiation among its sub-sectors in the first three quarters of 2025, with the environmental protection segment demonstrating notable cash flow improvements [1][37]. - The report highlights the transition of thermal power from a reliance on electricity volume to a focus on capacity and regulation, enhancing profitability stability [2]. - The environmental sector's cash flow has improved significantly, particularly in solid waste and water management, driven by macroeconomic policy support and operational efficiency [38]. Summary by Sections 1. Utility Sector Overview - The utility sector achieved total revenue of CNY 16,911.85 billion in the first three quarters of 2025, a year-on-year decrease of 1.99%. The power sector's revenue was CNY 14,562.73 billion, down 2.21%, while the gas sector's revenue was CNY 2,349.12 billion, down 0.64% [15]. - The sector's net profit attributable to shareholders reached CNY 1,858.70 billion, a year-on-year increase of 3.39%, with the power sector's net profit at CNY 1,756.23 billion, up 3.90% [15]. 1.1 Thermal Power - The thermal power sector's revenue for the first three quarters was CNY 9,064.68 billion, down 3.08%, but net profit increased by 15.83% to CNY 711.23 billion due to reduced fuel costs [19]. - In Q3 2025, thermal power revenue was CNY 3,333.75 billion, with a net profit of CNY 270.72 billion, reflecting a year-on-year increase of 35.59% [19]. 1.2 Hydropower - Hydropower revenue for the first three quarters was CNY 1,487.60 billion, up 1.56%, with net profit at CNY 513.22 billion, an increase of 3.30% [21]. - Q3 2025 saw hydropower revenue of CNY 608.51 billion, with net profit of CNY 250.84 billion, reflecting a year-on-year decrease of 3.41% [21]. 1.3 Nuclear Power - Nuclear power revenue reached CNY 616.35 billion, up 8.16%, but net profit fell by 10.42% to CNY 80.02 billion due to market pressures [24]. - The total net electricity generation from nuclear power increased by 6.06% in the first three quarters [24]. 1.4 Renewable Energy - The wind power sector generated revenue of CNY 1,080.90 billion, down 2.34%, with net profit decreasing by 11.85% to CNY 220.31 billion [28]. - The solar power sector's revenue was CNY 261.04 billion, down 16.55%, but net profit increased by 55.77% to CNY 29.04 billion [32]. 1.5 Gas Sector - The gas sector's revenue was CNY 2,349.12 billion, down 0.64%, with net profit decreasing by 4.61% to CNY 102.47 billion due to weak demand [34]. 2. Environmental Protection Sector Overview - The environmental protection sector achieved total revenue of CNY 2,677.92 billion, up 3.28%, but net profit fell by 5.47% to CNY 244.73 billion [37]. - Cash flow in the solid waste management sector improved significantly, with operating cash flow reaching CNY 198.72 billion, a year-on-year increase of 28.94% [38]. 2.1 Solid Waste Management - Solid waste management revenue was CNY 1,166.97 billion, up 4.52%, with net profit slightly increasing to CNY 118.89 billion [39]. 2.2 Water Management - Water management revenue was CNY 852.02 billion, up 1.39%, but net profit decreased by 10.81% to CNY 107.18 billion [39].

Core Viewpoint - Zhejiang Weiming Environmental Protection Co., Ltd. has triggered the conditional redemption clause for its "Wei 24 Convertible Bonds" due to the stock price exceeding 130% of the conversion price for fifteen trading days, leading to the board's decision to redeem the bonds early [2][7][8]. Group 1: Redemption Trigger and Decision - The stock price of Zhejiang Weiming Environmental Protection has been above 22.82 yuan per share (130% of the conversion price) for fifteen trading days from November 5 to November 26, 2025, triggering the conditional redemption clause [2][7]. - The board of directors convened on November 26, 2025, and unanimously approved the early redemption of "Wei 24 Convertible Bonds" at face value plus accrued interest [8]. Group 2: Bond Issuance Overview - The "Wei 24 Convertible Bonds" were issued on March 28, 2024, with a total of 2.85 million bonds, each with a face value of 100 yuan, amounting to a total of 28.5 million yuan [3]. - The bonds have a six-year term with a tiered interest rate starting from 0.20% in the first year to 2.00% in the sixth year [3]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 18.28 yuan per share, which was adjusted to 18.03 yuan on June 24, 2024, and further adjusted to 17.55 yuan on June 6, 2025, due to profit distribution [3][4]. Group 4: Investor Options and Implications - Investors holding "Wei 24 Convertible Bonds" can either trade in the secondary market or convert at the adjusted price of 17.55 yuan per share, or face mandatory redemption at 100 yuan per bond plus accrued interest [2][11].

证券日报网讯 11月26日晚间，伟明环保发布公告称，公司已于2025年11月26日召开第七届董事会第二 十三次会议，审议通过了《关于提前赎回"伟24转债"的议案》，公司董事会决定行使"伟24转债"的提前 赎回权，按照债券面值加当期应计利息的价格对赎回登记日登记在册的"伟24转债"全部赎回。投资者所 持"伟24转债"除在规定时限内通过二级市场继续交易或按照17.55元/股的转股价格进行转股外，仅能选 择以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面临较大投资损失。 （文章来源：证券日报） ...

中信建投证券股份有限公司 关于浙江伟明环保股份有限公司 "伟 24 转债" 提前赎回的临时受托管理事务报告 经中国证券监督管理委员会证监许可[2024]267 号文同意注册，公司于 2024 年 3 月 28 日向不特定对象发行可转债 285.00 万张，每张面值 100 元，发行总额 28,500.00 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[2024]46 号文同意，公司本次发行的 28,500.00 万元可转换公司债券于 2024 年 4 月 22 日起在上海证券交易所上市交 易，债券简称"伟 24 转债"，债券代码"113683"。 二、本次可转债的重大事项 债券受托管理人 二〇二五年十一月 1 中信建投证券股份有限公司（以下简称"中信建投证券"）作为浙江伟明环 保股份有限公司（以下简称"伟明环保"、"公司"或"发行人"）2024 年向不特 定对象发行可转换公司债券（债券简称：伟 24 转债，债券代码：1136 ...

| 证券代码：603568 | 证券简称：伟明环保 | | 公告编号：临 | 2025-079 | | --- | --- | --- | --- | --- | | 转债代码：113652 | 转债简称：伟 22 | 转债 | | | | 转债代码：113683 | 转债简称：伟 24 | 转债 | | | 浙江伟明环保股份有限公司 关于提前赎回"伟 24 转债"的公告 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： 一、"伟 24 转债"发行上市概况 经中国证券监督管理委员会证监许可[2024]267 号文同意注册，公司于 2024 浙江伟明环保股份有限公司（以下简称"公司"）股票自 2025 年 11 月 5 日至 2025 年 11 月 26 日，已有十五个交易日的收盘价格不低于"伟 24 转债"当期转股价格的 130%（即 22.82 元/股），根据《浙江伟明环 保股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下 简称"《募集说明书》"）的相关约定，已触发"伟 24 转债"的有条 件赎回条款 ...

中信建投证券股份有限公司 关于浙江伟明环保股份有限公司 提前赎回"伟 24 转债"的核查意见 中信建投证券股份有限公司（以下简称"保荐人"、"中信建投"）作为浙江 伟明环保股份有限公司（以下简称"伟明环保"、"公司"）2024 年向不特定对象 发行可转换公司债券的保荐人，根据《证券发行上市保荐业务管理办法》《上海 证券交易所上市公司自律监管指引第 12 号——可转换公司债券》等相关法律、 法规及规范性文件的规定，对伟明环保提前赎回"伟 24 转债"相关事项进行了 审慎核查，并出具核查意见如下： 一、"伟 24 转债"发行上市概况 经上海证券交易所自律监管决定书[2024]46 号文同意，公司本次发行的 28,500.00 万元可转换公司债券于 2024 年 4 月 22 日起在上海证券交易所上市交 易，债券简称"伟 24 转债"，债券代码"113683"。 根据有关规定和《浙江伟明环保股份有限公司向不特定对象发行可转换公司 债券募集说明书》（以下简称"《募集说明书》"）的约定，公司本次发行的"伟 24 转债"转股期自发行结束之日起满六个月后的第一个交易日起至可转债到期 日止，即 2024 年 10 月 8 日 ...