Core Points - The stock price of Yingke Recycling (688087) closed at 28.65 yuan as of August 8, 2025, representing a 4.68% increase from the previous week's closing price of 27.37 yuan [1] - The company's market capitalization is currently 5.575 billion yuan, ranking 29th out of 72 in the plastics sector and 2940th out of 5151 in the A-share market [1] Company Announcements - Yingke Recycling has repurchased a total of 488,500 shares, accounting for 0.25% of its total share capital [1] - The share repurchase plan was first disclosed on April 8, 2025, with an implementation period from April 8, 2025, to April 7, 2026, and an expected repurchase amount between 40 million and 80 million yuan [1] - The repurchased shares are intended for employee stock ownership plans or equity incentives [1] - As of July 31, 2025, the total amount spent on repurchases is approximately 12,995,098.13 yuan, with actual repurchase prices ranging from 25.43 yuan to 27.51 yuan per share [1] - Following the 2024 equity distribution, the upper limit for the repurchase price has been adjusted from 41.44 yuan to 41.38 yuan per share [1] - The company will make repurchase decisions based on market conditions and will fulfill information disclosure obligations in a timely manner [1]

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 光华股份CFO吴文娟薪酬最低，年薪22.47万元，不到行业平均薪酬的三分之一。公司经营业绩层面， 光华股份实现营业收入17.24亿元，同比增长16.5%，净利润1.46亿元，同比增长39.1%。 英科再生CFO李寒铭薪酬涨幅最高，年薪72.93万元，上年为41.27万元，同比大幅增长76.9%。公司经 营业绩层面，英科再生实现营业收入29.24亿元，同比增长19.1%，净利润3.07亿元，同比增长57.1%。 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 分行业来看，塑料行业CFO薪酬总额4792.54万元，平均薪酬71.53万元，同比增长7.66%。 按学历来看，塑料行业CFO学历以本科为主，占比50.75%，硕士占比29.85%，大专占比19.40%。 按年龄来看，塑料行业CFO年龄普遍超过（含）40岁，年龄最小的为普利特（维权）CFO周臻纶及博 ...

Group 1 - The core point of the article highlights the financing activities of Yingke Recycling, with a net buying amount of 5.08 million yuan on August 6, ranking 1130th in the market [1] - Over the last three trading days from August 4 to August 6, Yingke Recycling received financing purchases of 16 million yuan, 7 million yuan, and 13 million yuan respectively [1] Group 2 - In terms of securities lending, there were no shares sold or net sold on the same day [2]

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]