Core Viewpoint - High Energy Environment (603588) is planning to engage in hedging and futures trading to mitigate risks associated with metal price fluctuations, with a maximum margin of 40 million yuan for hedging and 10 million yuan for futures trading [3][4]. Group 1: Trading Information - As of September 16, 2025, High Energy Environment's stock closed at 6.84 yuan, up 1.48%, with a turnover rate of 2.6%, trading volume of 396,500 shares, and a transaction value of 269 million yuan [1]. - On the same day, the net outflow of main funds was 16.916 million yuan, accounting for 6.29% of the total transaction value, while retail investors saw a net inflow of 11.6033 million yuan, representing 4.32% of the total transaction value [2][4]. Group 2: Company Announcements - High Energy Environment plans to hold its fourth extraordinary general meeting on September 24, 2025, to review proposals related to its hedging and derivatives trading business for the 2025 fiscal year [3]. - The company aims to use its own funds for hedging activities to counteract the significant price volatility of metals recovered from hazardous waste disposal projects, with trading instruments including copper, nickel, lead, gold, silver, and palladium across various exchanges [3].

北京高能时代环境技术股份有限公司 2025 年第四次临时股东会 会议资料 | | | 二○二五年九月十六日 北京高能时代环境技术股份有限公司 2025 年第四次临时股东会会议资料 2. 会议地点： 北京市海淀区秋枫路 36 号院 1 号楼会议室 3. 会议召集人： 北京高能时代环境技术股份有限公司董事会 一、会议议程 1. 会议时间： 现场股东会：2025 年 9 月 24 日（星期三）下午 14：30，会期半天； 网络投票起止时间：自 2025 年 9 月 24 日至 2025 年 9 月 24 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会召开当日的 9:15-15:00。 4. 会议表决方式： 现场投票和网络投票相结合 5. 会议内容： （一）主持人宣布会议开始，并说明本次股东会议的出席情况； （二）宣读会议议案： 议案1：《关于公司2025年度开展套期保值业务及衍生品交易业务的议案》； 议案2：《关于公司2025年度开展套期保值业务及衍生品交易 ...

Core Viewpoint - High Energy Environment (SH603588) reported a decline in revenue but an increase in net profit for the first half of 2025, indicating a potential shift in operational efficiency despite lower sales [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 6.70 billion yuan, a decrease of 11.20% year-on-year [1]. - The net profit attributable to shareholders was 502.42 million yuan, reflecting a year-on-year increase of 20.85% [1]. - The net profit after deducting non-recurring gains and losses was 454.49 million yuan, up 10.24% compared to the previous year [1]. - Basic earnings per share were reported at 0.33 yuan [1]. - The net cash flow from operating activities was 346.59 million yuan, a significant increase of 214.01% year-on-year [1]. Profitability Metrics - The gross profit margin for the first half of 2025 was 18.21%, an increase of 3.93 percentage points year-on-year [2]. - The net profit margin was 8.49%, up 2.37 percentage points from the same period last year [2]. Expense Analysis - Total operating expenses for the first half of 2025 amounted to 737 million yuan, an increase of 93.97 million yuan year-on-year [2]. - The expense ratio was 10.99%, which is an increase of 2.48 percentage points compared to the previous year [2]. - Sales expenses increased by 18.89%, while management expenses decreased by 13.27% [2]. - Research and development expenses rose by 58.06%, and financial expenses increased by 17.75% [2]. Company Background - High Energy Environment specializes in solid waste pollution prevention technology and provides solutions and engineering contracting services in various sectors, including waste treatment and environmental restoration [6].

Core Viewpoint - The company, GaoNeng Environment, announced the release of a pledge on 15,660,000 shares by its controlling shareholder, Li Weiguo, effective September 10, 2025 [2] Summary by Relevant Sections - **Company Announcement** - GaoNeng Environment received notification from its controlling shareholder, Li Weiguo, regarding the release of a pledge on 15,660,000 unrestricted circulating shares to Haitong Securities Co., Ltd [2]

证券代码：603588 证券简称：高能环境 公告编号：2025-072 北京高能时代环境技术股份有限公司 关于控股股东、实际控制人部分股份解除质押的公告 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： 截至本公告披露日，北京高能时代环境技术股份有限公司（以下简称"公 司"）控股股东、实际控制人李卫国先生持有公司股份 263,452,149 股，约占公 司总股本比例为 17.30%。本次办理部分股份解除质押后，李卫国先生累计质押 股份数量为 142,140,000 股，约占其个人持有公司股份比例为 53.95%。 本次李卫国先生办理部分股份解除质押业务的无限售条件流通股合计 15,660,000 股，约占公司总股本比例为 1.03%，约占其个人持有公司股份比例为 5.94%。 今日，公司接到控股股东、实际控制人李卫国先生通知，李卫国先生于 2025 年 9 月 10 日，将其质押给海通证券股份有限公司的 15,660,000 股无限售条件流 通股解除质押，详情如下： 一、本次股份解除质押的基本情况 | 股东名称 ...

Market Overview - The environmental governance sector experienced a decline of 0.16% on September 10, with Delin Hai leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers in the environmental governance sector included: - Yuanda Environmental (600292) with a closing price of 13.50, up 6.13% and a trading volume of 451,800 shares, totaling 608 million yuan [1] - Jinke Environment (688466) closed at 22.87, up 5.64% with a trading volume of 23,600 shares, totaling 52.48 million yuan [1] - Zhonghuan Environmental (300692) closed at 7.96, up 3.65% with a trading volume of 222,800 shares, totaling 177 million yuan [1] - Conversely, the following stocks saw declines: - Delin Hai (688069) closed at 22.28, down 3.21% with a trading volume of 12,000 shares, totaling 27.15 million yuan [2] - Shanggao Environmental (000803) closed at 7.74, down 2.76% with a trading volume of 225,800 shares, totaling 176 million yuan [2] - Zhejiang Fu Holdings (002266) closed at 3.93, down 2.24% with a trading volume of 1,110,800 shares, totaling 438 million yuan [2] Capital Flow - The environmental governance sector saw a net outflow of 314 million yuan from institutional investors, while retail investors experienced a net inflow of 332 million yuan [2] - The capital flow for specific stocks included: - Yuanda Environmental had a net inflow of 45.33 million yuan from institutional investors, while retail investors had a net outflow of 22.58 million yuan [3] - High Energy Environment (603588) saw a net inflow of 36.05 million yuan from institutional investors, with retail investors experiencing a net outflow of 28.99 million yuan [3] - Feima International (002210) had a net inflow of 29.02 million yuan from institutional investors, while retail investors had a net outflow of 36.41 million yuan [3]

Group 1 - The main business segments of High Energy Environment include solid waste and hazardous waste resource utilization, environmental operation services, and environmental remediation, accounting for 77.68%, 13.49%, and 8.83% of total revenue respectively [1] Group 2 - High Energy Environment's indirect subsidiary, Baise High Energy Zhongyuan Environmental Technology Co., Ltd., received approval for the environmental impact assessment of its kitchen waste harmless treatment and resource utilization project (Phase I), with a total investment of 127 million yuan [3]

证券代码：603588 证券简称：高能环境 公告编号：2025-069 北京高能时代环境技术股份有限公司 第六届董事会第二次会议决议公告 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个别及连带 责任。 北京高能时代环境技术股份有限公司（以下简称"公司"）第六届董事会第 二次会议于会议召开5日前以通讯方式发出会议通知，并于2025年9月8日以现场 结合通讯方式召开。会议由公司董事长李卫国先生主持，全体董事认真审阅了会 议议案，全部9名董事以记名投票的方式对会议议案进行了表决。会议的召集召 开符合《公司法》和《公司章程》的有关规定，所作决议合法有效。 三、审议《关于召开公司2025年第四次临时股东会的议案》。 详情请见公司于2025年9月9日在《上海证券报》《中国证券报》及上海证券 交易所网站（www.sse.com.cn）披露的《高能环境关于公司2025年度开展套期保 值业务及衍生品交易业务的公告》（编号：2025-070）。 二、审议通过了《关于公司2025年度开展套期保值业务及衍生品交易业务的 可行性分析报告》。 表决结果：同意 9 ...

证券日报网讯 9月8日晚间，高能环境发布公告称，2025年9月8日，公司以现场结合通讯方式召开第六 届董事会第二次会议，会议审议通过《关于公司2025年度开展套期保值业务及衍生品交易业务的议 案》。根据实际生产经营情况，公司测算开展贵金属、有色金属等套期保值业务预计动用的保证金上限 （包括为交易而提供的担保物价值、预计占用的金融机构授信额度、为应急措施所预留的保证金等）为 40，000万元；进行期货投资的保证金上限（包括为交易而提供的担保物价值、预计占用的金融机构授 信额度、为应急措施所预留的保证金等）不超过10，000万元。授权期限内任一时点的交易金额（含前 述交易的收益进行再交易的相关金额）不超过已审议额度。该议案尚须提交公司股东会审议。 （文章来源：证券日报） ...

Group 1 - The company, GaoNeng Environment, announced that it will hold its fourth extraordinary general meeting of shareholders for the year 2025 on September 24, 2025 [2] - The agenda for the meeting includes the proposal for the company to engage in hedging and derivative trading activities for the year 2025 [2]