高能环境发布2025年度业绩预告，预计归属于上市公司股东的净利润为7.50亿元至9.00亿元，同比增长 55.66%到86.79%。 ...

高能环境公告，预计2025年度实现归属于上市公司股东的净利润为7.5亿元至9亿元，与上年同期相比， 将增加2.68亿元到4.18亿元，同比增长55.66%到86.79%。预计2025年度实现归属于上市公司股东的扣除 非经常性损益的净利润为7.5亿元到9亿元，与上年同期相比，将增加4.26亿元到5.76亿元，同比增长 131.63%到177.95%。 ...

证券日报网讯1月6日，高能环境（603588）在互动平台回答投资者提问时表示，大股东减持是股东基于 自身资金安排的合规行为，短期内可能因市场情绪引发股价波动，但减持行为本身不影响公司经营基本 面，且股价涨跌最终由公司价值、行业趋势等多重因素决定。李总本次减持也是他在公司上市10余年后 首次减持。本次减持计划已于2025年12月22日到期。 ...

Core Viewpoint - The company is enhancing its production capabilities and optimizing its operations in response to market conditions, particularly in the context of rising metal prices and cost pressures [2] Group 1: Project Overview - The Jiangxi Xinke project utilizes oxygen-rich melting technology, enabling the production of a diverse range of metals, including copper, precious metals, and refined nickel sulfate, with a comprehensive capacity of 100,000 tons of electrolytic copper and other multi-metal deep processing annually [2] - The company has been continuously optimizing its production lines and has added a new electrolytic tin production line to improve capacity utilization [2] Group 2: Cost Management and Pricing - The company is managing raw material procurement for its hazardous waste resource utilization business by aligning it with project capacity progress, signing long-term cooperation agreements, and using futures tools to mitigate price volatility [2] - Despite rising costs, product sales prices have also increased, and the combination of previous low-cost inventory appreciation and technological upgrades is expected to enhance the industry's gross profit margin [2]

Core Insights - The State Council has issued the "Solid Waste Comprehensive Governance Action Plan," setting key targets for solid waste management by 2030, including a comprehensive utilization of 4.5 billion tons of major solid waste and 510 million tons of recycled resources annually, marking a significant policy shift for the industry [1] - The solid waste resource utilization industry is experiencing accelerated policy benefits, with a focus on enhancing the supply capacity of secondary key resources and establishing a stable domestic supply system for secondary resources [3] Company Insights - High Energy Environment (603588.SH) is positioned as a leader in the solid waste and hazardous waste resource utilization sector, leveraging its full-chain layout and technological advantages to implement the policies effectively [1] - The company has established a comprehensive metal resource recovery chain, significantly improving resource recovery efficiency and profitability, with independent lines for copper, lead, and nickel industrial waste [1] - High Energy Environment's subsidiaries have substantial production capacities, including 100,000 tons of cathode copper and 5,000 tons of copper annually, and it has become a major player in the recovery of platinum group metals [2] - The company has invested in 11 waste incineration power plants, generating 1.3 billion kWh of electricity annually, contributing to urban energy structure transformation [2] - High Energy Environment is expanding internationally, having been selected as a supplier for environmentally friendly waste-to-energy projects in Indonesia and winning a waste incineration project in Thailand [2] Industry Trends - The solid waste resource utilization industry is transitioning from mere environmental governance to becoming a crucial support for resource security in China, with a focus on both domestic resource recovery and the cautious import of high-quality recycled resources [3] - High Energy Environment is evolving from an "environmental service provider" to a "resource value creator," aligning its development path with the trends in the solid waste resource utilization industry [3]

Investment Rating - The report maintains a "Buy" rating for key companies in the environmental sector, specifically recommending Huicheng Environmental, Gaoneng Environment, and Hongcheng Environment [5]. Core Insights - The report highlights the significant policy support for the solid waste recycling industry, particularly through the "Recycling Materials Application Promotion Action Plan," which aims to enhance the supply capacity of recycled materials and establish a comprehensive recycling system by 2030 [1][18]. - The report emphasizes the establishment of three major regional action plans for environmental governance, focusing on the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau regions, with specific targets for waste reduction and recycling by 2027 [20][26]. - The current macroeconomic environment, characterized by historically low interest rates, is favorable for investing in high-dividend and growth-oriented assets within the environmental sector [2][27]. Summary by Sections Section 1: Investment Views - The "Recycling Materials Application Promotion Action Plan" was officially released, aiming to enhance the supply of recycled materials and expand their application in key industries such as automotive and electronics [1][8]. - The Ministry of Ecology and Environment has issued three regional action plans for environmental governance, setting clear targets for waste reduction and recycling by 2027 [20][26]. - The environmental sector is currently experiencing low valuations and high growth potential, making it an attractive investment opportunity [27]. Section 2: Market Performance - The environmental sector outperformed the broader market, with a weekly increase of 0.24%, compared to a 0.13% rise in the Shanghai Composite Index [29]. - Key sub-sectors within the environmental industry showed varied performance, with energy-saving and monitoring sectors performing well, while water treatment faced slight declines [29]. Section 3: Key Announcements - The report outlines significant government initiatives aimed at promoting equipment upgrades and recycling, which are expected to drive growth in the environmental sector [40]. - The Ministry of Ecology and Environment has initiated a registration process for environmental monitoring service providers to enhance industry standards and quality [41].

Core Viewpoint - High Energy Environment's subsidiary, Chongqing Yaohui Environmental Protection Co., Ltd., was convicted of environmental pollution and ordered to pay nearly 20 million yuan in fines and compensation [1][2]. Group 1: Legal and Financial Implications - Chongqing Yaohui was found guilty of environmental pollution, resulting in a fine of 4 million yuan and various prison sentences for several individuals involved, ranging from 1 year and 2 months to 4 years [2]. - The total financial impact of the penalties and compensation amounts to 19.87762518 million yuan, which represents approximately 0.22% of the company's latest audited net assets and 4.13% of the net profit attributable to shareholders [3]. - The company has completed all payments related to the penalties and compensation and has undergone necessary rectifications, allowing it to resume normal operations by August 2025 [3]. Group 2: Company Operations and Performance - High Energy Environment specializes in solid waste and hazardous waste resource utilization, environmental operation services, and environmental engineering, with key products including various metals and alloys [3]. - For the third quarter of 2025, the company reported a revenue of 3.46 billion yuan, a year-on-year decrease of 11.41%, while the net profit attributable to shareholders was 144 million yuan, a slight decrease of 1.05% [3].

证券代码：603588 证券简称：高能环境 公告编号：2025-110 被告单位：重庆耀辉环保有限公司 被告人：曾某、牟某某、黄某、黄某某、肖某某、高某某、周某某、李某某 （二）基本情况 2024年10月，重庆市相关部门对重庆耀辉进行检查，发现重庆耀辉多处水池、 雨水排口重金属含量超标。后经调查发现，重庆耀辉存在将未经处理的生产废水、 初期雨水通过雨水管网非法排入外部环境的情形。 北京高能时代环境技术股份有限公司 关于控股子公司收到刑事判决书的公告 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。 北京高能时代环境技术股份有限公司（以下简称"公司"或"高能环境"） 于2025年3月12日披露《高能环境关于控股子公司收到移送审查起诉告知书的公 告》（编号：2025-013），公司控股子公司重庆耀辉环保有限公司（以下简称"重 庆耀辉"）收到重庆市潼南区公安局发来的《案件移送审查起诉告知书》，因重 庆耀辉污染环境一案，将该案移送至重庆市潼南区人民检察院审查起诉。 今日，重庆耀辉收到重庆市渝北区人民法院出具的(2025)渝0112刑初1 ...

高能环境公告称，其控股子公司重庆耀辉环保有限公司污染环境案有判决结果。2024年10月，重庆耀辉 被查出多处水池、雨水排口重金属含量超标，存在非法排污情形。2025年5月，该公司已支付生态环境 损害赔偿等费用1587.76万元。法院判决重庆耀辉犯污染环境罪，判处罚金400万元；多名被告人获相应 刑罚。此次重庆耀辉被判处罚金及赔偿共1987.76万元，约占公司最近一期经审计净资产的0.22%、净利 润的4.13%，未产生重大不利影响。重庆耀辉8月已复产，目前经营正常。 ...

证券代码：603588 证券简称：高能环境 公告编号：2025-109 北京高能时代环境技术股份有限公司 | 对外担保逾期的累计金额（万元） | | 0 | | --- | --- | --- | | 截至 2025 年 11 月 30 日上市公司 | | | | 及其控股子公司对外担保总额 | | 1,315,482.67 | | （万元） | | | | 对外担保总额占上市公司最近一 | | 145.42 | | 期经审计净资产的比例（%） | | | | 特别风险提示（如有请勾选） | 对外担保总额超过最近一期经审计净资产 担保金额超过上市公司最近一期经审计净资产 | 100% | | 50% | | | | | □对合并报表外单位担保金额达到或超过最近一期 | | | | 经审计净资产 30%的情况下 | | | | 对资产负债率超过 70%的单位提供担保 | | 一、担保情况概述 （一）担保的基本情况及担保额度调剂情况（如有） 本次为天津高能、杭州新材料提供新增担保包含在公司及控股子公司 2025 年度对其新增担保预计范围内。 本次上述担保事宜的保证人均为公司，截至 2025 年 12 月 3 ...