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。 重要内容提示： 委托理财产品类型：安全性高、流动性好的中低风险 型理财产品 投资种类：银行理财产品 本季度委托理财金额：本季度单日最高委托理财的本 金为人民币26,672.99万元，累计单日最高委托理财的本金为 人民币26,672.99万元。 证券代码：603686 证券简称：福龙马 公告编号：2026-021 福龙马集团股份有限公司 关于 2026 年使用公司自有闲置流动资金进行现金管 理的进展公告（一） 现对公司及子公司 2026 年第一季度使用自有资金进行现金管理的情况进行汇总披露。 单位：人民币万元 序号 产品名称 产品代码 发行机构 委托理财金额 起息日 到期日 获得收益 备注 1 华夏理财悦慧最短持有 30 天 I 款 A HX203002 华夏理财 2,500.00 2026/1/6 / / 2 安盈象固收稳益日开 12 号 C AF252540C 信银理财 1,000.00 2026/1/5 2026/1/6 0.03 已赎回 3 优盛安利·鸿锦最短持有 ...

福龙马集团股份有限公司（以下简称"公司"）本月预 中标了天津市、海南省的环卫服务项目。公司以临时公告形 式对主要中标的环卫服务情况进行自愿性信息披露，具体内 容如下： 一、项目中标对公司的影响 公司本月预中标的环卫服务项目数3个，合计首年服务 费金额为718.27万元（占公司2024年度经审计营业收入的 0.14%），合同总金额为718.27万元。截至本公告披露日，公 司本年度环卫服务项目中标数13个，合计首年年度金额为 11,033.06万元，合同总金额为29,563.25万元，这将对公司 2026年及以后的经营业绩产生积极影响。 截至本公告披露日，公司在履行的环卫服务项目年化合 同金额39.52亿元，合同总金额327.71亿元（含项目顺延服务 年限合同金额及已中标项目补充合同金额）。 证券代码：603686 证券简称：福龙马 公告编号：2026-020 福龙马集团股份有限公司 关于2026年3月环卫服务项目中标的提示性公告 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。 由于上述项目目前尚未全部签订正式项目合同，项 ...

证券代码：603686 证券简称：福龙马 公告编号：2026-019 福龙马集团股份有限公司 离任董事（实控人一致行动人） 减持股份计划的公告 本公司董事会、全体董事及相关股东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： 减持主体持股的基本情况 截至本公告披露日，福龙马集团股份有限公司（以下简称"公司"）前任董事 及高级管理人员（控股股东、实际控制人的一致行动人，于 2025 年 9 月 9 日换 届离任）张桂潮先生持有公司股份 445,200 股，占公司总股本的 0.1072%，上述 股份为其通过公司 2016 年股权激励方式获得并为无限售条件流通股。 减持计划的主要内容 张桂潮先生拟计划自本公告披露之日起 15 个交易日后的 3 个月内，通过集 中竞价或大宗交易或两者相结合的方式减持合计不超过 445,200 股，即合计不超 过公司总股本的 0.1072%。 本次减持价格按照减持实施时的市场价格和减持方式来确定。若减持计划期 间公司发生送红股、增发新股或配股、转增股本、股份回购等事项导致股东持股 数量或公司股份总数发生变动的， ...

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1]. Core Views - The environmental protection industry is experiencing significant growth, with companies like Longjing Environmental and Guangda Environment showing substantial increases in revenue and profit [1][6]. - The report emphasizes the importance of cash flow and green value in the waste-to-energy sector, highlighting the potential for growth in overseas markets [1][6]. - The report outlines a strategic focus on energy-saving equipment and industrial green transformation, driven by government policies and market dynamics [9][10]. Industry Trends - The report notes a 34% increase in Longjing Environmental's profit, with a revenue of 11.1 billion yuan, reflecting a strong performance despite impairment losses [1][6]. - Guangda Environment's revenue structure is shifting, with operational income increasing to 72% of total revenue, while construction income has decreased significantly [1][6]. - The report highlights the rising prices of biofuels, particularly bio-jet fuel, which has seen a 24.4% increase in Europe and a 4.7% increase in China [19][20]. Company Performance - Longjing Environmental's revenue for 2025 is reported at 11.9 billion yuan, a 43% increase after accounting for impairment [1][6]. - Guangda Environment's financial expenses have decreased, contributing to a net profit increase of 16% [1][6]. - The report recommends several companies for investment, including Longjing Environmental, Guangda Environment, and others, based on their growth potential and market positioning [1][6]. Policy Tracking - The report discusses the "High-Quality Development Implementation Plan for Energy-Saving Equipment," which focuses on six key types of energy-saving equipment to support industrial green transformation [9][10]. - It emphasizes the need for optimizing energy systems and integrating artificial intelligence into energy-saving equipment to enhance efficiency and reduce carbon emissions [9][10]. Market Dynamics - The report indicates a significant increase in the sales of new energy sanitation vehicles, with a 70.9% year-on-year growth, reflecting a growing trend towards electrification in the sanitation sector [34][42]. - The report also notes a decline in lithium and cobalt prices, impacting profitability in the lithium battery recycling sector [48][49].

证券代码：603686 证券简称：福龙马 公告编号：2026-018 福龙马集团股份有限公司 关于副总裁辞职的公告 姓名 离任 职务 离任时间 原定任期 到期日 离任原因 是否继续 在上市公 司及其控 股子公司 任职 是否存 在未履 行完毕 的公开 承诺 罗福海 副总裁 2026年3 月13日 2028年9 月8日 个人原因 否 否 （一）提前离任的基本情况 二、其他事项 罗福海先生在担任公司副总裁期间勤勉尽责、恪尽职 守，在公司环境服务和智能装备的业务发展、市场拓展等方 面发挥了积极作用，为公司的发展壮大付出了辛勤努力。公 司及董事会对罗福海先生任职期间的辛勤付出与贡献表示 衷心感谢！ 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。 特此公告。 一、高级管理人员离任情况 福龙马集团股份有限公司董事会 福龙马集团股份有限公司（以下简称"公司"）董事会于 近日收到公司副总裁罗福海先生提交的书面辞职报告。罗福 海先生因个人职业规划原因，申请辞去公司副总裁职务，辞 职后不再担任公司任何职务。 2026 年 3 月 14 日 ...

Investment Rating - The report maintains a rating of "Add" for the environmental protection industry [1]. Core Insights - The 2026 government work report emphasizes accelerating the comprehensive green transformation and constructing a new energy system, with a target of reducing carbon emissions per unit of GDP by 3.8% [9][10]. - Companies such as Weiming and Wangneng have successfully won contracts for waste incineration projects in Indonesia, marking a significant step for solid waste management overseas [16][17]. - The report highlights the growth potential in the environmental protection sector driven by policy support and economic validation, particularly in areas like waste incineration and electric sanitation vehicles [25][30]. Summary by Sections Government Policy Insights - The 2026 government work report outlines a shift from energy consumption control to carbon emission control, with specific targets for reducing carbon emissions per unit of GDP [9][10]. - The report also introduces a national low-carbon transition fund to foster new growth points in hydrogen and green fuels, marking a significant policy shift [11][12]. Company Developments - Weiming Environmental has been awarded a contract for a 1500 tons/day waste incineration project in Bali, Indonesia, with a 30-year operational period [16][17]. - Wangneng Environmental has also secured a similar project in Indonesia, indicating a growing trend of Chinese companies expanding into international waste management markets [18][19]. Industry Trends - The report notes a significant increase in the sales of electric sanitation vehicles, with a year-on-year growth of 70.9% and a penetration rate of 21.11% in 2025 [30][31]. - The prices of biofuels, including biojet fuel and biodiesel, have remained stable, indicating a steady market environment for these products [41][42]. Investment Recommendations - The report recommends focusing on companies with strong growth potential in the environmental sector, such as Longjing Environmental, Green Power, and others involved in waste management and renewable energy [25][26].

Investment Rating - The report maintains a "Buy" rating for the environmental protection industry [1]. Core Insights - The 2026 government work report emphasizes accelerating the comprehensive green transformation and constructing a new energy system, with a target of reducing carbon emissions per unit of GDP by 3.8% [9][10]. - Companies like Weiming and Wangneng have successfully won contracts for waste incineration projects in Indonesia, marking a significant step for Chinese firms in the overseas waste management market [16][17]. - The report highlights the increasing demand for low-emission transformations in key industries such as cement and coking, with specific targets set for 2026 [21][22]. Summary by Sections Government Policy and Industry Trends - The government aims to transition from energy consumption control to carbon emission control, with a target of reducing carbon emissions per unit of GDP by 3.8% in 2026 [9]. - The establishment of a national low-carbon transition fund is intended to foster new growth points in hydrogen and green fuels, with green fuels being included in the government work report for the first time [11][12]. Company Developments - Weiming Environmental has been awarded a contract for a 1500 tons/day waste incineration project in Bali, Indonesia, with a 30-year operational period [16]. - Wangneng Environment has also secured a similar project in Indonesia, indicating a robust market potential for waste-to-energy solutions in the region [17][18]. Market Performance and Recommendations - The report recommends focusing on companies such as Longjing Environmental, High Energy Environment, and Saince, which are expected to benefit from the ongoing green transformation and policy support [4]. - The environmental sanitation equipment sector is projected to see significant growth, with a 70.9% increase in sales of new energy sanitation vehicles in 2025 [30][31]. Biofuels and Recycling - Biofuel prices remain stable, with European biojet fuel averaging $2250 per ton and Chinese biojet fuel at $2150 per ton [41]. - The report notes a decrease in lithium and cobalt prices, which may enhance profitability in the lithium battery recycling sector [42].

Investment Rating - The report indicates a cautious investment outlook for the environmental and hydrogen sectors, emphasizing the importance of government support and fiscal policies in driving growth [2][14]. Core Insights - The report highlights that various provinces are focusing on carbon neutrality and pollution reduction, with significant progress in carbon reduction efforts and wastewater management [2][10]. - The hydrogen sector is entering a full industrial chain development phase, with a focus on green hydrogen production and regional collaboration [2][10]. - The report suggests that the debt resolution efforts by local governments are expected to benefit environmental companies, particularly in terms of receivables from government contracts [7][30]. Summary by Sections Carbon Neutrality - Steady progress is being made in carbon reduction, with many regions emphasizing the construction of zero-carbon parks and participating in national carbon trading markets [10][11]. - The environmental benefits are primarily linked to the restructuring of the energy system and deep decarbonization in end-use sectors, positively impacting waste incineration and biomass industries [10][11]. Water Management - Continuous efforts are being made in wastewater treatment, with specific targets set by several provinces, particularly in rural water management [10][11]. - The integration of plant and network investments is expected to support higher earnings growth for wastewater treatment companies [10][11]. Solid Waste Management - The report discusses the promotion of "waste-free cities" and the enhancement of recycling efforts, with recommendations for leading waste incineration companies [10][11]. - Opportunities are identified in the circular economy, particularly in the recycling of waste metals and plastics [10][11]. Air Quality Management - The focus for 2026 is on reducing PM2.5 concentrations and improving air quality, with coordinated control of multiple pollutants [10][11]. Hydrogen Energy - The hydrogen sector is advancing rapidly, with a focus on green electricity for hydrogen production and comprehensive development across the industrial chain [10][11]. - The report notes that various projects and technologies in the hydrogen sector are expected to progress significantly in 2026 [10][11]. Financial Outlook - The report indicates that 2026 will be a year of deepening debt resolution efforts, with local governments maintaining a cautious approach to GDP growth targets [6][18]. - The cash flow situation for the environmental sector has shown improvement, with a notable increase in operating cash flow [7][30].

北京市天元律师事务所 关于福龙马集团股份有限公司 2026 年第一次临时股东会的法律意见 京天股字（2026）第 091 号 致：福龙马集团股份有限公司 福龙马集团股份有限公司（以下简称"公司"）2026 年第一次临时股东会 （以下简称"本次股东会"）采取现场投票与网络投票相结合的方式，现场会议 于 2026 年 3 月 2 日在福建省龙岩市新罗区东肖镇东华社区龙腾南路 42 号福龙马 集团股份有限公司研发中心大楼三楼多功能会议室召开。北京市天元律师事务所 （以下简称"本所"）接受公司聘任，指派本所律师现场参加本次股东会的现场 会议，并根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证 券法》"）《上市公司股东会规则》（以下简称"《股东会规则》"）以及《福龙 马集团股份有限公司章程》（以下简称"《公司章程》"）等有关规定，就本次 股东会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议表决程 序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《福龙马集团股份有限公司第七届董 事会第四次会议决议公告》《福龙马集团股份有限公司关于召开 2026 年第一次临 时股东会的通 ...

证券代码：603686 证券简称：福龙马 公告编号：2026-017 福龙马集团股份有限公司 2026年第一次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2026 年 3 月 2 日 (二)股东会召开的地点：福建省龙岩市新罗区东肖镇东华社区龙腾南路 42 号福 龙马集团股份有限公司研发中心大楼三楼多功能会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 1,265 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 92,270,237 | | 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 | 22.2107 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长张桂丰先生因公出差无法出席会议，经 过半数以上董事推举董 ...