| 转债代码：113652 | 转债简称：伟 | 22 | | --- | --- | --- | | 转债代码：113683 | 转债简称：伟 24 | | | | 转债 转债 | | | 证券代码：603568 | 证券简称：伟明环保 | 公告编号：临 2025-076 | 浙江伟明环保股份有限公司 2025年第一次临时股东大会决议公告 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法律责任。 重要内容提示： 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：关于增加董事会席位、取消监事会、变更注册资本并修订《公司 章程》的议案 审议结果：通过 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 286 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,152,303,790 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 68.0247 | | 份总数的比例（%） | | (一) 股东大会召开的时间：2025 年 11 月 ...

国浩律师（杭州）事务所 关 于 浙江伟明环保股份有限公司 2025 年第一次临时股东会 之 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 国浩律师（杭州）事务所 关 于 浙江伟明环保股份有限公司 2025 年第一次临时股东会 之 法律意见书 致：浙江伟明环保股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江伟明环保股份有限 公司（以下简称"公司"）委托，指派本所律师出席公司 2025 年第一次临时股 东会（以下简称"本次股东会"），并依据《中华人民共和国公司法》（以下简 称"《 ...

| 证券代码：603568 | 证券简称：伟明环保 | | 公告编号：临 | 2025-075 | | --- | --- | --- | --- | --- | | 转债代码：113652 | 转债简称：伟 转债 | 22 | | | | 转债代码：113683 | 转债简称：伟 24 转债 | | | | 表决结果：同意 11 票；反对 0 票；弃权 0 票。 2、审议通过《关于选举公司第七届董事会审计委员会成员及推选召集人的 议案》 浙江伟明环保股份有限公司（以下简称"公司"）于2025年11月17日以电子 邮件的方式发出会议通知，并于2025年11月19日以通讯方式召开第七届董事会第 二十二次会议。会议应到董事11名，实到董事11名，公司高级管理人员列席了会 议。会议由董事长项光明先生主持。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》《公司章程》的规定，会议合法有效。 二、 董事会会议审议情况 经审议，本次董事会表决通过以下事项： 1、审议通过《关于选举代表公司执行公司事务董事的议案》 根据《公司法》及《公司章程》的有关规定，同意选举项光明先生（简历见 附件）为代表公司执行公司事务的董 ...

截至9月30日，伟明环保股东户数2.78万，较上期减少4.24%；人均流通股61281股，较上期增加4.62%。 2025年1月-9月，伟明环保实现营业收入58.80亿元，同比减少2.74%；归母净利润21.35亿元，同比增长 1.14%。 分红方面，伟明环保A股上市后累计派现29.69亿元。近三年，累计派现14.92亿元。 机构持仓方面，截止2025年9月30日，伟明环保十大流通股东中，睿远均衡价值三年持有混合A （008969）位居第七大流通股东，持股2700.00万股，相比上期减少100.00万股。香港中央结算有限公司 位居第八大流通股东，持股2429.68万股，相比上期增加192.41万股。 责任编辑：小浪快报 11月18日，伟明环保盘中下跌2.02%，截至13:06，报23.23元/股，成交5074.36万元，换手率0.13%，总 市值395.97亿元。 资金流向方面，主力资金净流出779.53万元，特大单买入0.00元，占比0.00%，卖出381.96万元，占比 7.53%；大单买入537.04万元，占比10.58%，卖出934.62万元，占比18.42%。 伟明环保今年以来股价涨9.82%，近5 ...

Market Overview - The environmental governance sector increased by 0.61% on November 13, with Jin Yuan Co. leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Top Gainers in Environmental Governance Sector - Jin Yuan Co. (000546) closed at 5.88, up 7.50% with a trading volume of 637,300 shares and a transaction value of 367 million [1] - Qing Shui Yuan (300437) closed at 18.37, up 7.30% with a trading volume of 711,300 shares and a transaction value of 1.28 billion [1] - Wei Ming Environmental (603568) closed at 23.86, up 4.79% with a trading volume of 107,800 shares and a transaction value of 256 million [1] Top Losers in Environmental Governance Sector - *ST Kai (300899) closed at 32.12, down 4.43% with a trading volume of 32,000 shares and a transaction value of 103 million [2] - Lang Kun Technology (301305) closed at 25.01, down 4.03% with a trading volume of 277,500 shares and a transaction value of 703 million [2] - Qidi Environment (000826) closed at 2.58, down 2.64% with a trading volume of 1,035,100 shares and a transaction value of 266 million [2] Capital Flow Analysis - The environmental governance sector experienced a net outflow of 511 million from institutional investors, while retail investors saw a net inflow of 528 million [2][3] - Major stocks like Qing Shui Yuan and Hui Cheng Environmental had significant net inflows from retail investors, despite overall institutional outflows [3] Individual Stock Capital Flow - Qing Shui Yuan (300437) had a net inflow of 59.34 million from institutional investors, while retail investors had a net outflow of 24.92 million [3] - Hui Cheng Environmental (300779) saw a net inflow of 54.49 million from institutional investors, with retail investors experiencing a net outflow of 36.24 million [3] - Jin Yuan Co. (000546) had a net inflow of 47.84 million from institutional investors, while retail investors faced a net outflow of 34.54 million [3]

Group 1 - The core point of the news is that Zhejiang Weiming Environmental Protection Co., Ltd. has seen a stock price increase of 5.18%, reaching 23.95 CNY per share, with a total market capitalization of 40.824 billion CNY [1] - The company was established on December 29, 2001, and listed on May 28, 2015, primarily engaged in urban household waste incineration power generation [1] - The main business revenue composition includes: equipment, EPC, and services at 55.72%, project operation at 43.82%, and others at 0.46% [1] Group 2 - Huashan Fund has one fund heavily invested in Weiming Environmental Protection, specifically the Huashan Anhua Flexible Allocation Mixed A Fund (002350), which reduced its holdings by 140,200 shares in the third quarter [2] - The fund currently holds 572,500 shares, accounting for 2.58% of the fund's net value, ranking as the eighth largest holding [2] - The fund has achieved a year-to-date return of 44.81%, ranking 1316 out of 8145 in its category, and a one-year return of 36.72%, ranking 1318 out of 8059 [2] Group 3 - The fund manager of Huashan Anhua Flexible Allocation Mixed A is Liu Changchang, who has been in the position for 5 years and 312 days [3] - Under Liu's management, the fund's total asset size is 7.029 billion CNY, with the best return during his tenure being 233.71% and the worst being 11.33% [3]

Investment Rating - The report maintains a "Positive" investment rating for the industry [7] Core Views - The overall industrial metal prices have experienced a decline, particularly in the overseas market, primarily due to liquidity issues in the US banking system. The government shutdown has led to a tightening of cash balances, impacting global risk assets. Concerns over power shortages in North America due to data center developments have raised fears of production halts in high-energy-consuming sectors like aluminum and zinc, resulting in relatively strong prices for these commodities. The lithium industry has seen a turnaround, with improving supply-demand fundamentals. The uncertainty in overseas resource development and weak profitability due to low lithium prices have peaked capital expenditures in the industry by 2024-2025, with a confirmed trend of declining supply growth from 2026 to 2028. By 2026, equity values are expected to outperform commodity prices, potentially leading the market out of a downturn [2][4][5]. Summary by Sections Precious Metals - The ongoing US government shutdown has heightened risk aversion, which is expected to drive gold prices higher in the short term. The report emphasizes that gold prices are currently stabilizing rather than indicating a trend reversal. Historically, gold prices tend to peak early in a rate-cutting cycle, and the current macroeconomic environment suggests that gold may not have reached its peak yet. The report maintains a positive outlook for gold, suggesting that the market is entering a phase of systematic re-evaluation [4]. Industrial Metals - The report highlights a long-term positive outlook for copper and aluminum. Recent price adjustments in these metals are attributed to liquidity issues in the US. The report notes that copper inventories have increased by 4.68% week-on-week and 25.01% year-on-year, while aluminum inventories have decreased by 0.49% week-on-week and 13.31% year-on-year. The report suggests that despite short-term fluctuations, the long-term economic outlook and supply-demand structure will favor a strong cycle for copper and aluminum [4][5]. Energy and Minor Metals - The lithium sector is expected to see a supply inflection point and a new demand cycle. The report indicates that the darkest period for the lithium industry has passed, with a clear trend of improving supply-demand fundamentals. The demand for lithium is projected to grow significantly due to stable domestic power needs and the acceleration of solid-state battery industrialization. The report also highlights the strategic importance of rare earths and tungsten, with expectations of a new upward trend in prices due to supply constraints and increased demand [5][24]. Supply Dynamics - The report discusses the high concentration of supply in cobalt and nickel, with specific attention to the Democratic Republic of Congo's cobalt quotas and Indonesia's tightening supply policies for nickel. These factors are expected to support long-term price increases for both cobalt and nickel, benefiting resource-oriented companies [5][24].

Investment Rating - The report maintains an "Overweight" rating for the environmental protection industry [1]. Core Views - Indonesia has launched a $5.6 billion waste-to-energy project, indicating a vast market opportunity for solid waste management companies to expand internationally [11][12]. - The solid waste sector is experiencing strong fundamentals, with a notable increase in free cash flow and improved return on equity (ROE) due to operational efficiencies and reduced capital expenditures [14][15]. - The water services sector is poised for growth, with expectations of increased cash flow and dividend payouts as capital expenditures decline [18][19]. Summary by Sections Industry News - Indonesia's sovereign fund has initiated the first waste-to-energy project tender, with plans for 33 plants and a total investment of approximately 56 billion USD [11]. - The solid waste industry is transitioning to a mature phase, focusing on efficiency improvements and cash flow generation [14]. - The environmental sanitation vehicle market saw a 63.18% increase in new energy vehicle sales, with a penetration rate of 17.40% [20]. Key Recommendations - Recommended stocks include: - **Waiming Environmental**: Selected as a supplier for Indonesia's waste-to-energy projects, with significant operational capacity [13]. - **Green Power**: Strong performance driven by increased heating capacity and cost savings [14]. - **Yongxing Co.**: Notable growth in revenue and profit due to improved operational efficiency [14]. - Companies to watch include **Dayu Water Saving**, **Lian Tai Environmental**, and **Wang Neng Environment** [1]. Financial Performance - The solid waste sector reported a 12% increase in net profit and a 2.7 percentage point rise in gross margin for the first three quarters of 2025 [14]. - Free cash flow for the sector reached 13.3 billion CNY, marking a 28% increase year-on-year [14]. - Dividend payouts are expected to rise, with several companies maintaining high payout ratios [15][18]. Market Trends - The water services sector is expected to see a cash flow turnaround, similar to the solid waste sector, with anticipated increases in dividend payouts as capital expenditures decrease [18][19]. - Price reforms in water services are expected to enhance growth and valuation, with cities like Guangzhou and Shenzhen implementing price increases [18]. Equipment and Technology - The report highlights the growth in the environmental sanitation vehicle market, particularly in new energy vehicles, which are becoming increasingly prevalent [20]. - The report also notes improvements in the profitability of lithium battery recycling, with a slight decrease in metal prices leading to better margins [34][35].

Core Viewpoint - Several Chinese environmental companies, including Weiming Environmental, High Energy Environment, Qiaoyin Co., Chengfa Environment, and Teda Co., have been selected as suppliers for Indonesia's environmentally friendly waste-to-energy projects, marking a significant step for Chinese environmental technology in the international market [1][2]. Group 1: Project Overview - Indonesia plans to construct 33 waste incineration power generation projects with a total investment of approximately 91 trillion Indonesian Rupiah [1]. - The first batch of project tenders will cover seven regions, with individual project investments estimated between 25 trillion to 32 trillion Indonesian Rupiah, and a daily waste processing capacity of about 1,000 tons [2]. Group 2: Company Strategies and Preparations - Selected companies are actively preparing for the projects, focusing on technical standard alignment and project partnership selection [2]. - Weiming Environmental has invested around 400 million USD in Indonesia for a nickel project and has experience in local waste incineration projects, positioning itself well for rapid project implementation [2]. Group 3: Market Dynamics and Opportunities - The cancellation of local government subsidies for waste management has shifted revenue sources for waste incineration projects primarily to electricity sales, raising concerns about investment returns [3]. - Companies are adopting strategies to enhance power generation efficiency and explore diversified revenue streams, such as carbon trading and energy recovery [3]. Group 4: Southeast Asia Market Potential - Southeast Asia faces dual pressures of urbanization and energy transition, leading to a growing trend of waste incineration projects [5]. - The market for waste incineration in Southeast Asia is expected to grow at a compound annual growth rate of 15% to 25% over the next 5 to 10 years, with Indonesia being the largest market [5]. Group 5: Strategic Planning - Qiaoyin Co. aims to implement a "dual-wheel drive" strategy, focusing on both domestic and overseas markets while forming alliances with other industry players [6]. - Weiming Environmental plans to leverage its existing capabilities in environmental governance and equipment manufacturing to accelerate its presence in Indonesia [6].

伟明环保 2025 年第一次临时股东大会会议资料 浙江伟明环保股份有限公司 2025 年第一次临时股东大会会议资料 二○二五年十一月 | | | 伟明环保 2025 年第一次临时股东大会会议资料 会议须知 为维护投资者合法权益，确保股东大会正常秩序和议事效率，保证股东大会 的顺利进行，根据《公司法》《股东大会议事规则》《公司章程》等有关规定，特 制定本须知，望出席现场股东大会的全体人员遵照执行。 六、股东大会采取现场投票与网络投票相结合的方式进行表决。股东（或股 东授权代表）以其持有的股份数额行使表决权，每一股份享有一票表决权。现场 会议表决以书面投票表决方式进行。 七、公司聘请律师出席见证本次股东大会，并出具法律意见书。 八、为确保会场秩序，进入会场后，请关闭手机，或调至静音状态。谢绝个 人录音、拍照及录像，场内请勿大声喧哗。对干扰会议正常秩序、寻衅滋事和侵 犯其他股东合法权益的行为，工作人员有权予以制止，并及时报告有关部门查处。 浙江伟明环保股份有限公司 2025 年 11 月 19 日 一、本次股东大会设立秘书处，具体负责股东大会的程序安排和会务工作。 二、为保证股东大会的严肃性和正常秩序，切实维护与会 ...