该项目为公司中标的第一个海外垃圾焚烧发电项目，体现出公司垃圾焚烧发电技术研发、设备制造、项 目投资、建设、运营方面的综合实力，有助于公司拓展一带一路国家的垃圾焚烧发电业务，进而有利于 拓展海外垃圾焚烧发电市场。 格隆汇11月18日丨高能环境(603588.SH)公布，公司控股孙公司北大年府清洁合资企业收到泰国北大年 府亚穆乡行政办公室发出的中标公告，北大年府清洁合资企业为"亚穆乡行政办公室（北大年府亚灵 县）社区生活垃圾焚烧发电项目"的中标单位。项目总投资不超过1,950,000,000泰铢（按当前汇率折 算，约合人民币4.27亿元）。 ...

人民财讯11月18日电，高能环境（603588）11月18日公告，近日，公司控股孙公司北大年府清洁合资企 业收到泰国北大年府亚穆乡行政办公室发出的中标公告，北大年府清洁合资企业为"亚穆乡行政办公室 (北大年府亚灵县)社区生活垃圾焚烧发电项目"的中标单位。项目总投资不超过19.5亿泰铢(约合人民币 4.27亿元)，处理规模：500吨/天，合作期限：25年。 ...

高能环境：控股孙公司中标4.27亿元泰国垃圾焚烧发电项目。 ...

11月18日，高能环境盘中下跌2.04%，截至13:25，报7.20元/股，成交1.53亿元，换手率1.38%，总市值 109.67亿元。 资金流向方面，主力资金净流出1792.21万元，特大单买入287.72万元，占比1.88%，卖出2147.69万元， 占比14.05%；大单买入3322.29万元，占比21.74%，卖出3254.53万元，占比21.30%。 高能环境今年以来股价涨39.26%，近5个交易日跌3.87%，近20日跌5.76%，近60日涨8.76%。 今年以来高能环境已经2次登上龙虎榜，最近一次登上龙虎榜为10月9日，当日龙虎榜净买入7704.76万 元；买入总计1.39亿元 ，占总成交额比27.59%；卖出总计6183.53万元 ，占总成交额比12.28%。 分红方面，高能环境A股上市后累计派现11.25亿元。近三年，累计派现8.39亿元。 机构持仓方面，截止2025年9月30日，高能环境十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股4694.56万股，相比上期增加1781.69万股。 责任编辑：小浪快报 资料显示，北京高能时代环境技术股份有限公司位于北京市海淀区秋枫路36 ...

Core Viewpoint - The stock of Beijing High Energy Environment Technology Co., Ltd. has shown significant fluctuations, with a year-to-date increase of 45.65% and a recent trading volume indicating active market participation [1][2]. Group 1: Stock Performance - As of November 11, the stock price reached 7.53 CNY per share, with a market capitalization of 11.47 billion CNY [1]. - The stock has experienced a 2.03% increase during the trading session, with a total transaction volume of 131 million CNY and a turnover rate of 1.15% [1]. - Year-to-date, the stock has risen by 45.65%, with a recent 5-day increase of 2.59%, a 20-day decrease of 9.82%, and a 60-day increase of 17.29% [1]. Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 10.16 billion CNY, reflecting a year-on-year decrease of 11.28%, while the net profit attributable to shareholders was 646 million CNY, showing a year-on-year increase of 15.18% [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.125 billion CNY, with 839 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased to 40,800, while the average circulating shares per person increased by 20.14% to 37,370 shares [2]. - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 46.95 million shares, an increase of 17.82 million shares compared to the previous period [3].

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1] Core Views - The report emphasizes the importance of the "15th Five-Year Plan" focusing on green dual carbon goals, marketization, and debt management [4][8] - The solid waste sector shows strong performance in Q3 2025, with improved cash flow and profitability [4][12] Summary by Sections Industry Investment Rating - The report maintains an "Accumulate" rating for the environmental protection sector, highlighting strong fundamentals and growth potential [1] Key Investment Themes - The "15th Five-Year Plan" prioritizes green transformation, dual carbon goals, marketization, and debt management as key themes for the environmental sector [4][8] - The report suggests that the solid waste sector is experiencing robust growth, with Q3 2025 showing a 12% increase in net profit and a 2.7 percentage point rise in gross margin [4][12] Solid Waste Sector Insights - The solid waste sector's free cash flow improved significantly, with a net operating cash flow of 13.3 billion yuan in Q1-Q3 2025, representing a 28% increase [4][12] - The report highlights that the sector is entering a mature phase, with capital expenditures declining and dividend payouts increasing [12][14] Water Management Sector Insights - The water management sector is expected to experience a cash flow turning point, similar to the solid waste sector, with anticipated increases in free cash flow starting in 2026 [17][18] - The report notes that water pricing reforms are crucial for ensuring reasonable returns on investments, with cities like Guangzhou and Shenzhen implementing price adjustments [17][18] Renewable Energy and Recycling Insights - The report indicates a 63.18% year-on-year increase in sales of new energy sanitation vehicles in the first nine months of 2025, with a penetration rate of 17.40% [20][28] - The report also highlights improvements in profitability for lithium battery recycling due to rising metal prices, with lithium carbonate prices reaching 80,600 yuan per ton [20][28]

Core Viewpoint - The company, GaoNeng Environment, announced a share buyback plan, indicating a strategic move to enhance shareholder value and confidence in the company's future performance [1] Group 1 - As of October 31, 2025, the company has repurchased a total of 16.796456 million shares [1] - The repurchased shares account for approximately 1.10% of the company's total share capital [1]

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。 风险提示： 本次为北京高能时代环境技术股份有限公司（以下简称"公司"）入选印度 尼西亚环境友好型废物转化能源项目选定供应商名单，后续公司还需参加具体项 目的合作伙伴选择程序，最终合作投资资格取得及后续合同签署执行存在不确定 性。公司将根据相关事项后续进展情况履行相应的信息披露义务，敬请广大投资 者注意投资风险。 一、入选选定供应商名单的基本情况 公 司 近日 收 到印 度尼 西 亚主 权 投资 基金 PT Danantara Investment Management 发来的通知，确定公司正式入选印度尼西亚环境友好型废物转化能 源项目选定供应商名单。 二、对公司的影响 公司具备垃圾焚烧发电技术研发、设备制造、项目投资、建设、运营方面突 出的综合实力，本次入选印度尼西亚垃圾焚烧发电项目选定供应商名单，显示出 印度尼西亚主权投资基金对公司技术能力、财务管理水平与项目投资、建设和运 营管理水平的认可，有助于公司拓展一带一路国家的垃圾焚烧发电业务，进而有 利于拓展海外垃圾焚烧发电市场。本 ...

Core Viewpoint - The company, High Energy Environment (603588.SH), has been selected as a supplier for Indonesia's environmentally friendly waste-to-energy project, indicating recognition of its technical capabilities and management skills by the Indonesian sovereign wealth fund [1] Group 1: Company Recognition - The selection as a supplier reflects the company's outstanding comprehensive strength in waste incineration power generation technology research and development, equipment manufacturing, project investment, construction, and operation [1] - This recognition by PT Danantara Investment Management enhances the company's reputation and credibility in the industry [1] Group 2: Market Expansion - The inclusion in the supplier list will aid the company in expanding its waste incineration power generation business in Belt and Road Initiative countries, facilitating entry into overseas markets [1] - The project is expected to contribute to the company's long-term growth strategy, although it will not have a direct impact on the company's financial status or operational results for 2025 [1]

Group 1 - The company, GaoNeng Environment, announced on November 3 that it has repurchased approximately 16.7965 million shares through the Shanghai Stock Exchange, representing about 1.1% of its total share capital [1] - The highest price for the repurchased shares was 8.27 CNY per share, while the lowest price was 6.46 CNY per share [1] - The total amount paid for the repurchased shares was approximately 130 million CNY [1]