证券代码：688087 证券简称：英科再生 公告编号：2025-043 截至 2025 年 7 月 31 日，公司通过上海证券交易所交易系统以集中竞价交易方 式回购公司股份 488,500 股，占公司总股本的 0.25%，回购成交的最高价为 27.51 元/股，最低价为 25.43 元/股，支付的资金总额为人民币 12,995,098.13 元（不含交 易费用） 本次回购股份符合法律法规的规定及公司的回购股份方案。 英科再生资源股份有限公司 关于以集中竞价方式回购股份的进展公告 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： 回购方案首次披露日 2025/4/8 回购方案实施期限 2025 年 4 月 8 日~2026 年 4 月 7 日 预计回购金额 4,000万元~8,000万元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 累计已回购股数 488,500股 累计已回购股数占总股本比例 0.25% 累计已回购金额 12,995,098.13元 实际 ...

证券日报网讯 8月4日晚间，英科再生发布公告称，截至2025年7月31日，公司通过上海证券交易所交易 系统以集中竞价交易方式累计回购公司股份488，500股，占公司总股本的0.25%。 （文章来源：证券日报） ...

2024年1至12月份，英科再生的营业收入构成为：废弃资源综合利用业占比99.88%，其他业务占比 0.12%。 （文章来源：每日经济新闻） 英科再生（SH 688087，收盘价：29元）8月4日晚间发布公告称，截至2025年7月31日，公司通过上海 证券交易所交易系统以集中竞价交易方式回购公司股份约49万股，占公司总股本的0.25%，回购成交的 最高价为27.51元/股，最低价为25.43元/股，支付的资金总额为人民币约1300万元。 ...

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： | 回购方案首次披露日 | 2025/4/8 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 月 2025 4 8 4 7 | 日~2026 | 年 | 日 | | 预计回购金额 | 4,000万元~8,000万元 | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | 累计已回购股数 | □为维护公司价值及股东权益 488,500股 | | | | | 累计已回购股数占总股本比例 | 0.25% | | | | | 累计已回购金额 | 12,995,098.13元 | | | | | 实际回购价格区间 | 25.43元/股~27.51元/股 | | | | 一、回购股份的基本情况 英科再生资源股份有限公司（以下简称"公司"）于 2025 年 4 月 7 日召开第四 届董事会第十七次会议，审议通过了《关于以集中竞价方式回购公司股份方案 ...

Group 1 - The company, Yingke Recycling (688087.SH), announced a share buyback of 488,500 shares, representing 0.25% of its total share capital [1] - The buyback was conducted through the Shanghai Stock Exchange's centralized bidding system [1] - The highest price for the buyback was 27.51 CNY per share, while the lowest price was 25.43 CNY per share, with a total expenditure of 12,995,098.13 CNY (excluding transaction fees) [1]

格隆汇8月4日丨英科再生(688087.SH)公布，截至2025年7月31日，公司通过上海证券交易所交易系统以 集中竞价交易方式回购公司股份488,500股，占公司总股本的0.25%，回购成交的最高价为27.51元/股， 最低价为25.43元/股，支付的资金总额为人民币12,995,098.13元（不含交易费用）。 ...

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1] Core Views - The report emphasizes the importance of the recent price law revision, which is expected to enhance ROE and cash flow, particularly in the water pricing sector. The marketization of water prices is seen as a potential turning point for cash flow, similar to the previous developments in waste incineration [1][11] - The report identifies a cash flow turning point in water operations, suggesting that companies like Xingrong and Shou Chuang will see significant reductions in capital expenditures starting in 2025, leading to substantial increases in free cash flow [1][22] - The report highlights the strengthening of environmental inspections as a driving force for the industry, indicating a shift from policy-driven to governance-driven demand for environmental services [10] Summary by Sections Industry Trends - The environmental protection industry is transitioning towards a governance-driven model, with a focus on long-term, systematic management rather than temporary fixes [10] - The report notes a significant increase in the sales of new energy sanitation vehicles, with a year-on-year growth of 90.56% in the first half of 2025, indicating a growing market for environmentally friendly equipment [31] Water Operations - The report predicts that the water operations sector will experience a cash flow turning point, with companies like Xingrong and Shou Chuang expected to reduce capital expenditures significantly starting in 2025, leading to increased free cash flow [1][22] - The report recommends companies such as Xingrong Environment, Yuehai Investment, and Hongcheng Environment for their strong dividend potential and market positioning [23][24] Waste Incineration - The report discusses the expected decline in capital expenditures for waste incineration, which will enhance free cash flow and dividend payouts. Companies like Junxin and Green Power are highlighted for their strong dividend performance [18][20] - The report identifies new trends in waste incineration, including partnerships with data centers to enhance profitability and ROE [21] Policy Developments - The report outlines the implications of the price law revision, which aims to enhance market pricing mechanisms and improve cash flow for public utilities, particularly in water and waste management sectors [11][14] - The report emphasizes the importance of environmental inspections in driving industry growth and ensuring compliance with new regulations [9][10] Recommendations - The report recommends a focus on companies with strong operational capabilities and cash flow potential, such as Xingrong Environment, Yuehai Investment, and Hongcheng Environment, while suggesting attention to emerging players in the waste management and renewable energy sectors [23][24][25]

本文源自：金融界 作者：A股君 英科再生7月29日股价收于27.44元，较前一交易日下跌0.80%。当日成交额达0.57亿元，换手率为 1.11%。 该公司主营业务涉及塑料制品领域，是一家专注于塑料回收再利用的企业。英科再生通过回收利用废弃 塑料，生产再生塑料制品，在环保材料领域具有一定市场地位。 从资金流向来看，7月29日主力资金净流出531.48万元。当前公司总市值53.40亿元，市盈率为18.46倍。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 ...

Summary of Key Points Core Viewpoint The announcement details the results of the 2025 Restricted Stock Incentive Plan of Yingke Recycling Resources Co., Ltd., including the number of shares granted, the adjustments made, and the implications for the company's share structure and financial reporting. Group 1: Granting of Restricted Stock - The first grant date for the restricted stock was July 21, 2025, with a total of 7.37 million shares granted [1]. - The number of incentive recipients was adjusted from 612 to 607 due to five individuals voluntarily giving up their shares, resulting in a reduction of 8,000 shares [1]. Group 2: Distribution of Restricted Stock - The distribution of the granted shares includes 525,000 shares (7.12%) to directors, senior management, and core technical personnel, while 6.84 million shares (92.88%) were allocated to other key management and technical personnel [2]. - The total number of shares granted under the incentive plan is 7.37 million, which represents 3.94% of the company's total share capital [2]. Group 3: Lock-up Period and Release Conditions - The restricted stock will have a lock-up period with specific release conditions, allowing for a gradual release of shares over a maximum of 72 months [3]. - The first release will occur 12 months after the registration completion, with 20% of the shares becoming available for sale [3]. Group 4: Financial Impact and Verification - The total funds received from the incentive recipients amounted to approximately RMB 88.51 million, with RMB 7.37 million recorded as paid-in capital and RMB 81.14 million as capital surplus [4]. - The completion of the stock registration increased the total number of shares from 187,226,610 to 194,596,610, without changing the controlling shareholder [4]. Group 5: Shareholder Structure Changes - The granting of restricted stock will lead to a dilution of existing shareholders' stakes, with specific changes noted for major shareholders [5]. - The actual control of the company remains unchanged despite the increase in total shares [5]. Group 6: Accounting and Financial Reporting - The company will account for the restricted stock in accordance with accounting standards, impacting the net profit over the years due to the amortization of the stock compensation expense [6]. - The estimated financial impact of the stock incentive plan is expected to be positive, enhancing management motivation and operational efficiency, outweighing the costs associated with the stock grants [7].

一、限制性股票授予情况 公司于 2025 年 6 月 23 日召开的第四届董事会第二十次会议，审议通过了《关 于向激励对象授予限制性股票的议案》，相关事项已经公司董事会薪酬与考核委 员会审议通过。本激励计划实际授予情况如下： 1、本次限制性股票授予日：2025 年 6 月 23 日 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、准确性和完整性依法承担法律责任。 重要内容提示： 根据中国证券监督管理委员会《上市公司股权激励管理办法》、上海证券交 易所、中国证券登记结算有限责任公司上海分公司有关规则的规定，英科再生资 源股份有限公司（以下简称"公司"或"本公司"）已于近日完成了公司 2025 年限 制性股票激励计划（以下简称"本激励计划"）限制性股票的授予登记工作，有关 具体情况如下： 证券代码：688087 证券简称：英科再生 公告编号：2025-042 英科再生资源股份有限公司 关于2025年限制性股票激励计划限制性股票 授予结果公告 5、本次限制性股票的股票来源：公司向激励对象定向发行的本公司 A 股普 通股 第一类限制性股票授予登记日：2025 年 ...