证券日报网讯8月18日晚间，高能环境（603588）发布公告称，公司将于2025年8月26日(星期二)上午 10：00-11：00召开2025年半年度业绩说明会。 ...

证券代码：603588 证券简称：高能环境 公告编号：2025-063 北京高能时代环境技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 会议召开时间：2025年8月26日（星期二）上午10:00-11:00 会议召开地点： 上海证券交易所 上证路演中心（ 网 址 https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年8月19日(星期二)至8月25日(星期一)16:00前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 （stocks@bgechina.cn）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 北京高能时代环境技术股份有限公司（以下简称"公司"）已于2025年7月 25日发布公司2025年半年度报告，为便于广大投资者更全面深入地了解公司2025 年半年度经营成果、财务状况，公司计划于2025年8月 ...

? 会议召开时间：2025年8月26日（星期二）上午10:00-11:00 ? 会议召开地点：上海证券交易所上证路演中心（网址 https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于2025年8月19日(星期二)至8月25日(星期一)16:00前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 证券代码：603588 证券简称：高能环境 公告编号：2025-063 北京高能时代环境技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 副董事长、总裁：凌锦明先生 独立董事：刘力女士 董事、副总裁、财务总监：孙敏先生 （stocks@bgechina.cn）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 北京高能时代环境技术股份有限公司（以下简称"公司"）已于2025年7月 年半年度经营成果、财务状况，公司计划于2025年8月26日（星期二）上午 一、说明会类型 本次投 ...

证券代码：603588 证券简称：高能环境 公告编号：2025-063 北京高能时代环境技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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 重要内容提示： 会议召开时间：2025年8月26日（星期二）上午10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年8月19日(星期二)至8月25日(星期一)16:00前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 （stocks@bgechina.cn）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 北京高能时代环境技术股份有限公司（以下简称"公司"）已于2025年7月 25日发布公司2025年半年度报告，为便于广大投资者更全面深入地了解公司2025 年半年度经营成果、财务状况，公司计划于2025年8月26日（星期二）上午 10:00 ...

Investment Rating - The report maintains an "Overweight" rating for the environmental protection industry [1] Core Insights - The expansion of the CCER (China Certified Emission Reduction) market is expected to benefit agricultural and forestry biomass, while the EU's Circular Economy Act emphasizes the importance of recycling resources [1][10] - The report highlights the potential for increased cash flow and profitability in the waste-to-energy sector as capital expenditures decline, similar to trends observed in the waste incineration industry [19][23] - The report suggests that the water services sector is approaching a cash flow inflection point, positioning it as the next growth area akin to waste incineration [23][24] Summary by Sections CCER Methodology and Market Expansion - The third batch of CCER methodologies focuses on agricultural biomass and methane reduction from oil and gas, indicating a growing supply and demand in the carbon market [8][10] - The average price of CCER has been reported at 89 RMB/ton, showing a premium over carbon allowances, reflecting tight supply conditions [10][12] EU Circular Economy Act - The EU is seeking public opinion on the Circular Economy Act, which aims to enhance the value of recycled materials and impose stricter regulations on waste management and recycling [15][16] - Key objectives include improving electronic waste collection and recycling rates, and extending producer responsibility for product lifecycle management [16][18] Waste-to-Energy Sector - The report notes a significant improvement in free cash flow for waste-to-energy companies as capital expenditures decrease, with projected dividend increases for major players [20][21] - The sector is expected to see a shift towards higher dividends and improved return on equity (ROE) as companies optimize operations and reduce costs [21][22] Water Services Sector - The water services market is anticipated to experience a cash flow boost as capital expenditures decline, with companies like Xingrong Environment and Yuehai Investment highlighted for their strong dividend potential [23][25] - The report emphasizes the importance of water pricing reforms in ensuring sustainable growth and returns for water service providers [24][25] Key Recommendations - The report recommends focusing on companies such as Guangda Environment, Xingrong Environment, and Green Power for their strong market positions and growth potential in the environmental sector [1][19][25]

证券日报网讯8月15日晚间，高能环境（603588）发布公告称，公司无逾期担保情况。 ...

证券代码：603588 证券简称：高能环境 公告编号：2025-062 北京高能时代环境技术股份有限公司 关于为全资子公司及控股子公司提供担保的公告 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： 担保对象及基本情况 | | 被担保人名 | 江西鑫科环保高新 技术有限公司（以下 | | | 靖远高能环境新材 料技术有限公司（以 | | | 荆门高能时代环境技 术有限公司（以下简 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 称 | 简称"江西鑫科"） | | | 下简称"靖远高能"） | | | 称"荆门高能"） | | | 担 | 本次担保金 额 | 15,000 | | 万元 | 6,000 | | 万元 | | 3,000 万元 | | 保 | 实际为其提 | | | | | | | | | | 对 | 供的担保余 | 182,642.69 | | 万元 | 77,956.68 | | 万元 | | 3,950 ...

Core Viewpoint - The environmental governance sector experienced a positive performance on August 15, with a 0.86% increase, led by Huakong Saige [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3696.77, up 0.83% [1] - The Shenzhen Component Index closed at 11634.67, up 1.6% [1] - Key stocks in the environmental governance sector showed significant gains, with Huakong Saige leading at a 10.08% increase [1] Group 2: Stock Performance Details - Huakong Saige (000068) closed at 4.04 with a 10.08% increase, trading volume of 254,100 shares, and a transaction value of 100 million yuan [1] - Fulongma (603686) closed at 19.71, up 9.99%, with a trading volume of 540,200 shares and a transaction value of 1.048 billion yuan [1] - Zhongzhi Holdings (603903) closed at 8.60, up 9.97%, with a trading volume of 164,400 shares and a transaction value of 14.1 million yuan [1] - Other notable performers include Wenbululu (301259) at 5.92% increase and Jinyu Environment (001230) at 3.58% increase [1] Group 3: Capital Flow - The environmental governance sector saw a net inflow of 366 million yuan from main funds, while retail investors experienced a net outflow of 193 million yuan [2] - The overall capital flow indicates a mixed sentiment among retail and institutional investors within the sector [2]

天眼查商业履历信息显示，北京高能时代环境技术股份有限公司，成立于1992年，位于北京市，是一家 以从事生态保护和环境治理业为主的企业。企业注册资本153705.1367万人民币，实缴资本3000万人民 币。公司法定代表人为凌锦明。 通过天眼查大数据分析，北京高能时代环境技术股份有限公司共对外投资了122家企业，参与招投标项 目2340次，知识产权方面有商标信息81条，专利信息893条，此外企业还拥有行政许可46个。 来源：金融界 金融界消息 截至2025年8月14日收盘，高能环境（603588）报收于6.38元，下跌2.74%，换手率2.47%， 成交量37.60万手，成交金额2.43亿元。 资金流向方面，今日主力资金净流出2029.07万元，占比成交额8.35%。其中，超大单净流出1243.40万 元、占成交额5.12%，大单净流出785.67万元、占成交额3.23%，中单净流出流入2070.42万元、占成交 额8.52%，小单净流出41.35万元、占成交额0.17%。 高能环境最新一期业绩显示，截至2025中报，公司营业总收入67.00亿元、同比减少11.20%，归属净利 润5.02亿元，同比增长20.8 ...

Summary of High Energy Environment Conference Call Company Overview - **Company**: High Energy Environment - **Industry**: Hazardous Waste Resource Utilization and Environmental Services Key Points and Arguments 1. **Business Model**: High Energy Environment generates revenue primarily through hazardous waste resource utilization, which includes processing low-grade metal waste into high-purity metals like electrolytic copper, gold, and silver. The company also employs hedging strategies to mitigate metal price volatility [2][4][5]. 2. **Performance Challenges**: The company's performance in 2023-2024 has been below expectations due to government payment pressures and underperformance in hazardous waste projects. Specific projects like Jiangxi Xinke, Chongqing Yaohui, and Gansu Jinchang faced operational and supply chain issues leading to losses [2][8][9]. 3. **Project Performance**: - **Jiangxi Xinke**: Revenue increased to 2.75 billion yuan in 2023, but net profit was only 3.8 million yuan due to unstable raw material supply and process challenges [2][10]. - **Chongqing Yaohui**: Reported a loss of 85.85 million yuan in 2023, attributed to drying system issues and material collection difficulties. Improvements are expected in 2024 after system upgrades [2][11][12]. - **Gansu Jinchang**: Experienced a loss of 91.36 million yuan in 2023 due to extended operational timelines and falling metal prices. The company is implementing technical upgrades to enhance profitability [2][13]. 4. **Revenue Breakdown**: As of the first half of 2025, hazardous waste resource utilization accounted for 56.8% of gross profit, followed by environmental operation services at 37%, and environmental engineering at 7% [3]. 5. **Financial Performance**: In the first half of 2025, the company reported revenues of 6.7 billion yuan, a decline of 11% year-on-year, while net profit increased by 20.85% to 502 million yuan. The increase in net profit is attributed to improvements in hazardous waste resource utilization and waste incineration operations [4][17]. 6. **Gross Margin Improvement**: The overall gross margin improved due to higher margins in hazardous waste resource utilization and waste incineration operations, with specific projects contributing positively [18]. 7. **Cash Flow Trends**: The company has shown significant improvement in cash flow, transitioning from a negative operating cash flow of 9.5 billion yuan in 2023 to a positive 3.5 billion yuan in the first half of 2025 [20]. 8. **Future Focus**: Key indicators to monitor in the second half of 2025 include the capacity utilization and profitability of major technical upgrade projects, as well as the impact of rising prices for copper and other precious metals on profitability [21]. Additional Important Information - **Competitors**: Major competitors in the hazardous waste resource utilization sector include Feida Resources and Zhejiang Fu Holdings, with many non-listed companies focusing on initial processing stages [2][6]. - **Project Locations**: High Energy Environment has established significant projects across various regions, including Jiangxi, Gansu, Guangdong, and Chongqing, focusing on copper, lead, and nickel processing [7]. - **Environmental Engineering Decline**: The environmental engineering segment saw a 40% decline in revenue, primarily due to reduced government funding for soil remediation projects [16]. This summary encapsulates the critical insights from the conference call, highlighting the company's operational challenges, financial performance, and strategic focus areas moving forward.