Core Viewpoint - The company emphasizes the accuracy and completeness of its quarterly report, ensuring no false statements or omissions exist, with legal responsibility assumed by the board and management [2][3]. Financial Data - The financial statements for the third quarter are not audited, and the report covers the period from the beginning to the end of the quarter [3][6]. - The company reported a net profit of 0 yuan from merged entities during the current period, consistent with the previous period [6]. Shareholder Information - The company has established a project company, Shenzhen LianTai Recycling Resources Co., Ltd., with a registered capital of 10 million yuan, where the company holds a 10% stake [5]. - The company provided a guarantee for a financing lease of 40 million yuan for its subsidiary, Shantou LianTai Sunan Water Co., Ltd., with a pledge of shares as collateral [5]. Capital Changes - Following the approval of the annual shareholders' meeting, the company has canceled 7,885,396 shares from its repurchase account, reducing the total number of shares to 576,605,190 [5].

Core Viewpoint - 联泰环保 reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 756 million yuan, representing a year-on-year decrease of 6.34% [1] - The net profit attributable to shareholders of the parent company was 114 million yuan, down 31.74% year-on-year [1] - The basic earnings per share stood at 0.2 yuan [1]

Core Viewpoint - LianTai Environmental Protection, established in 2006 and listed in 2017, specializes in urban sewage treatment and has extensive experience in investment, construction, and operation management in this field [1] Group 1: Business Performance - In Q3 2025, LianTai Environmental reported revenue of 756 million yuan, ranking 26th out of 51 in the industry, with the industry leader, Chuangshui Environmental, generating 13.453 billion yuan [2] - The main business revenue composition includes sewage treatment service fees of 496 million yuan (95.87%), sludge treatment service fees of 20.86 million yuan (4.04%), and other revenues of 467,300 yuan (0.09%) [2] - The net profit for the same period was 121 million yuan, ranking 18th in the industry, with the top performer, Chuangshui Environmental, achieving a net profit of 1.908 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, LianTai Environmental's debt-to-asset ratio was 65.34%, down from 67.11% year-on-year, which is higher than the industry average of 49.82% [3] - The gross profit margin for Q3 2025 was 60.91%, slightly down from 62.46% year-on-year, but still above the industry average of 32.13% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Zhang Rong was 435,700 yuan in 2024, an increase of 125,000 yuan from 2023 [4] - The controlling shareholder is Guangdong LianTai Group Co., Ltd., with actual controllers being Huang Wanru, Huang Jianxun, and Huang Zhendai [4] Group 4: Shareholder Statistics - As of September 30, 2025, the number of A-share shareholders increased by 0.33% to 18,000, while the average number of circulating A-shares held per household decreased by 0.33% to 32,400 [5]

Group 1 - The core viewpoint of the article highlights the financial performance of Lian Tai Environmental Protection in the third quarter, indicating a decline in both revenue and net profit compared to the previous year [1] - The company's revenue for the first three quarters is reported at 756,111,084.38 yuan, reflecting a year-on-year decrease of 6.34% [1] - The net profit attributable to shareholders of the listed company is 113,691,355.67 yuan, showing a significant year-on-year decline of 31.74% [1] Group 2 - The announcement reveals that Hu Jun'e and Zhou Jumei have become new circulating shareholders among the top ten circulating shareholders [2]

Financial Performance - The company's operating revenue for the third quarter was CNY 239,204,133.79, a decrease of 10.74% compared to the same period last year[3]. - The total profit for the quarter was CNY 44,627,780.09, reflecting a decline of 38.17% year-over-year[3]. - The net profit attributable to shareholders was CNY 29,215,250.53, down 49.16% from the previous year[3]. - The basic earnings per share for the quarter was CNY 0.05, a decrease of 50.00% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 756,111,084.38, a decrease of 6.35% compared to CNY 807,259,562.53 in the same period of 2024[25]. - Total operating costs for the first three quarters of 2025 were CNY 498,504,487.34, down from CNY 530,384,232.02 in 2024, reflecting a reduction of 6.01%[25]. - Operating profit for the first three quarters of 2025 was CNY 159,624,614.40, compared to CNY 222,867,107.71 in 2024, indicating a decline of 28.36%[25]. - The total profit for the first three quarters of 2025 is approximately ¥156.15 million, a decrease of 25.7% compared to ¥210.35 million in the same period of 2024[27]. - The net profit for the first three quarters of 2025 is approximately ¥120.85 million, down 30% from ¥172.39 million in the previous year[27]. - The basic earnings per share for the first three quarters of 2025 is ¥0.20, compared to ¥0.29 in the same period of 2024, reflecting a decrease of 31%[27]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,972,422,402.92, a slight increase of 0.14% from the end of the previous year[5]. - The total assets as of the end of the reporting period were CNY 9,972,422,402.92, a slight increase from CNY 9,958,149,634.10 in the previous period[23]. - Total liabilities decreased to CNY 6,516,257,455.90 from CNY 6,572,476,740.86, reflecting a reduction of 0.86%[23]. - The equity attributable to shareholders of the parent company increased to CNY 3,287,533,678.86 from CNY 3,224,204,750.30, an increase of 1.96%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 258,892,640.49, an increase of 14.79%[3]. - Cash flow from operating activities for the first three quarters of 2025 is approximately ¥258.89 million, an increase of 14.8% from ¥225.53 million in the same period of 2024[31]. - The company received cash from operating activities totaling approximately ¥510.98 million, a decrease of 10.5% from ¥570.79 million in the previous year[31]. - Cash flow from investing activities for the first three quarters of 2025 shows a net outflow of approximately ¥11.45 million, compared to a net outflow of ¥20.28 million in the previous year[33]. - Cash flow from financing activities for the first three quarters of 2025 results in a net outflow of approximately ¥300.42 million, slightly higher than the net outflow of ¥297.72 million in the same period of 2024[33]. - The total cash and cash equivalents at the end of the third quarter of 2025 is approximately ¥55.83 million, down from ¥303.33 million at the end of the same period in 2024[33]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,046[13]. - Guangdong LianTai Group Co., Ltd. holds 44.57% of shares, totaling 260,517,371 shares, with 180,190,000 shares pledged[13]. - Shenzhen LianTai Investment Group Co., Ltd. holds 12.23% of shares, totaling 71,469,440 shares, with 33,000,000 shares pledged[13]. - The actual controllers of the company are Huang Zhendai and his children, holding a combined 100% of shares through Guangdong LianTai Group[15]. - The company has completed the buyback of 7,885,396 shares, reducing the total registered capital to 576,605,190 shares[18]. Other Financial Metrics - The weighted average return on equity was 0.89%, a decrease of 0.92 percentage points from the previous year[5]. - The company reported a credit impairment loss of CNY -102,392,369.27 for the first three quarters of 2025, compared to CNY -56,406,876.72 in 2024, indicating a worsening in credit quality[25]. - Financial expenses decreased to CNY 164,842,830.24 in 2025 from CNY 189,191,911.56 in 2024, a reduction of 12.87%[25]. - Research and development expenses increased slightly to CNY 512,485.36 in 2025 from CNY 491,314.23 in 2024, showing a growth of 4.29%[25]. - The company reported a tax expense of approximately ¥35.30 million for the first three quarters of 2025, a decrease from ¥37.96 million in the same period of 2024[27]. Changes in Receivables and Payables - The company reported a significant increase in accounts receivable by 19.53% due to increased service fee receivables during the reporting period[9]. - The company experienced a decrease in contract liabilities by 58.28% due to adjustments in service fee prepayments related to project settlements[9]. - The company noted a substantial increase in other payables by 689.52% due to increased external borrowing during the reporting period[9]. - Accounts receivable increased to RMB 1,752,623,602.43 from RMB 1,466,311,951.17 at the end of 2024[19]. - Inventory stands at RMB 8,723,250.67, compared to RMB 7,939,125.41 at the end of 2024[19].

Core Insights - The company reported a decline in revenue and net profit for the third quarter and the first three quarters of the year [1] Financial Performance - In Q3, the company achieved operating revenue of 239.2041 million yuan, a year-on-year decrease of 10.74% [1] - The net profit attributable to shareholders for Q3 was 29.2153 million yuan, down 49.16% year-on-year [1] - For the first three quarters, the company recorded operating revenue of 756.1111 million yuan, a year-on-year decline of 6.34% [1] - The net profit attributable to shareholders for the first three quarters was 113.6914 million yuan, reflecting a year-on-year decrease of 31.74% [1]

Core Points - The company, LianTai Environmental Protection, announced plans to cancel 7,885,396 shares from its 2021 repurchase program by October 14, 2025 [2] - Following the cancellation, the total share capital of the company will decrease from 584,490,586 shares to 576,605,190 shares [2]

证券代码：603797 证券简称：联泰环保 公告编号：2025-036 广东联泰环保股份有限公司 关于注销回购股份暨股份变动的实施公告 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。 2025 年 8 月 27 日，公司发出《关于注销回购股份并减少公司注册资本暨通 知债权人公告》，截至 2025 年 10 月 11 日已满四十五日，公司没有收到债权人申 报债权要求清偿债务或者提供相应担保的书面文件。上述具体内容详见公司在上 海证券交易所网站（www.sse.com.cn）披露的相关公告（公告编号"2025-032"）。 二、本次注销回购股份的情况 （一）本次注销回购股份的原因及依据 公司于 2022 年 10 月实施完毕 2021 年回购方案，通过集中竞价方式累计回 购公司股份 7,885,396 股，公司未使用回购股份实施公司员工持股计划或者股权 激励计划、转换上市公司发行的可转换为股票的公司债券，且回购专用证券账户 1 股票存续时间即将期满三年。 广东联泰环保股份有限公司（以下简称"公司"）将于 2025 年 10 月 1 ...

联泰环保公告，公司将于2025年10月14日注销2021年回购方案尚未使用的已回购股份788.54万股。本次 回购股份注销完成后，公司总股本将由5.84亿股变更为5.77亿股。本次注销回购股份完成后，公司股本 结构变动情况如下：无限售股份账户由5.84亿股变为5.77亿股。本次股份注销不会对公司的财务状况和 经营成果产生重大影响，不会导致公司控股股东及实际控制人发生变化，公司股权分布仍具备上市条 件。 ...

Core Points - The company is providing a guarantee for its wholly-owned subsidiary, Shantou Lian Tai Su Nan Water Co., Ltd., to secure financing of 40 million yuan from Jiangsu Financial Leasing Co., Ltd. The total guarantee amount does not exceed 42.9255 million yuan [1][5] - The board of directors approved the guarantee proposal during the 14th meeting of the fifth board and the 2024 annual general meeting, allowing a guarantee limit of 30 million yuan for the subsidiary [2][7] - The company has a total external guarantee amount of 7.073 billion yuan, with no overdue guarantees reported [8] Guarantee Details - The guarantee includes joint liability and equity pledge of the subsidiary [5] - The guarantee period is three years from the completion of the main debt obligation [5] - The guarantee covers all payments under the financing lease contract, including overdue interest and legal fees [5] Necessity and Reasonableness - The guarantee is deemed necessary for the subsidiary's daily operations and is within the company's control, ensuring no harm to the interests of shareholders, especially minority shareholders [6][7] Credit Status - The guaranteed party has a good credit status and is not listed as a dishonest executor [3][4]