Group 1 - The company, Yingke Recycle (688087), initiated a share repurchase plan starting in April 2025, which will continue until April 7, 2026 [1] - As of the announcement in January 2026, the company has repurchased a total of 1.4242 million shares, with a total expenditure of 40 million yuan, reaching the lower limit of the repurchase plan [1] - The company plans to continue the repurchase based on market conditions during the remaining period, with the repurchased shares intended for employee stock ownership plans or equity incentives [1]

Meeting Overview - The first extraordinary general meeting of shareholders was held on February 9, 2026, at Shandong Yinglang Environmental Technology Co., Ltd. in Zibo City, Shandong Province [2] - The total number of shares entitled to vote at the meeting was 192,630,575, after excluding shares held in the company's repurchase account [2] Voting and Resolutions - The meeting was chaired by Ms. Jin Zhe, a director elected by the majority of the board, and utilized a combination of on-site and online voting methods [3] - A resolution regarding the change of certain fundraising projects and the adjustment of related asset uses was passed by a majority vote [6] - The voting process was compliant with the Company Law and the company's articles of association, ensuring the legality and validity of the resolutions [7] Attendance - Five current directors attended the meeting, while four were present, with the chairman unable to attend due to other commitments [4] - The company secretary and several executives were also present at the meeting [5] Legal Verification - The meeting was witnessed by Gao Peng (Shanghai) Law Firm, with lawyers confirming that the meeting's procedures and voting results were in accordance with legal requirements [7]

高朋（上海）律师事务所 关于英科再生资源股份有限公司 2026 年第一次临时股东会的 法律意见书 上海 南京 杭州 天津 深圳 扬州 泰州 2026 年 2 月 中国上海市徐汇区虹桥路 500 号中城国际大厦 23 楼 邮编：200030 电话/Tel：（8621）5039-2800 传真/Fax：（8621）5039-2800 网址：http://www.gaopenglaw.com 北京 www.gaopenglaw.com 对本法律意见书的出具，本所律师特作如下声明： 1、本所律师仅就本次股东会的召集、召开程序、出席现场会议人员资格、 召集人资格、会议表决程序及表决结果的合法性发表意见，不对本次会议所审议 的议案内容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意 见； 中国·上海·徐汇区虹桥路 500 号 中城国际大厦 23 楼 23/F CURA International Center , No 500 HongQiao Road , XuHui District , Shanghai , 200030 ,China 电话/Tel：（8621）5039-2800 传真/Fax：（8621 ...

证券代码：688087 证券简称：英科再生 公告编号：2026-005 英科再生资源股份有限公司 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 263 | | --- | --- | | 普通股股东人数 | 263 | | 2、出席会议的股东所持有的表决权数量 | 118,627,879 | | 普通股股东所持有表决权数量 | 118,627,879 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 61.5831 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 61.5831 | 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2026 年 2 月 9 日 （二） 股东会召开的地点：山东省淄博市临淄区纬三路山东英朗环保科技有限 公司 注：截至 ...

Group 1 - The company approved a share repurchase plan using its own funds and a special loan for share buyback, with a maximum price of RMB 41.44 per share and a total repurchase amount between RMB 40 million and RMB 80 million, within a period of up to 12 months [1] Group 2 - After the 2024 annual equity distribution, the maximum repurchase price was adjusted to RMB 41.38 per share [2] - Following the 2025 semi-annual equity distribution, the maximum repurchase price was further adjusted to RMB 41.28 per share [2] Group 3 - As of January 31, 2026, the company repurchased 1,424,200 shares, accounting for 0.73% of the total share capital, with a total expenditure of RMB 40,000,176.40, at a maximum price of RMB 30.39 per share and a minimum price of RMB 25.43 per share [3] Group 4 - The share repurchase is in compliance with legal regulations and the company's repurchase plan [4] Group 5 - The company will make repurchase decisions based on market conditions and will fulfill its information disclosure obligations regarding the progress of the share repurchase [5]

Group 1 - The company, Yingke Recycling, announced a share buyback program, repurchasing 1,424,200 shares, which represents 0.73% of its total share capital [2] - The highest price for the repurchased shares was 30.39 RMB per share, while the lowest price was 25.43 RMB per share [2] - The total amount spent on the share buyback was 40,000,176.40 RMB, excluding transaction fees [2]

公司 2024 年度权益分派实施后,公司以集中竞价交易方式回购股份价格上限由 不超过人民币 41.44 元/股（含）调整为不超过人民币 41.38 元/股（含）。具体情况 详见公司披露于上海证券交易所网站（www.sse.com.cn）的《英科再生资源股份有 限公司关于 2024 年年度权益分派实施后调整回购股份价格上限的公告》（公告编 号：2025-036）。 证券代码：688087 证券简称：英科再生 公告编号：2026-004 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、准确性和完整性依法承担法律责任。 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 4 | 8 | 日~2026 | 年 | 日 7 | | 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 ...

格隆汇2月3日丨英科再生(688087.SH)公布，截至2026年1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142.42万股，占公司总股本的0.73%，回购成交的最高价为30.39元/股， 最低价为25.43元/股，支付的资金总额为人民币4000.02万元(不含交易费用)。 ...

Group 1 - The core viewpoint of the news is that Yingke Recycling has experienced a decline in stock price and trading volume, with significant financing and margin trading activities indicating investor sentiment and market positioning [1][2]. - On January 29, Yingke Recycling's stock fell by 5.05%, with a trading volume of 84.19 million yuan. The financing buy-in amount was 9.89 million yuan, while the financing repayment was 9.64 million yuan, resulting in a net financing buy of 0.25 million yuan [1]. - As of January 29, the total balance of margin trading for Yingke Recycling was 1.09 billion yuan, which is 1.84% of its circulating market value, indicating a low financing balance compared to the past year [1]. Group 2 - As of September 30, Yingke Recycling had 7,443 shareholders, a decrease of 3.27% from the previous period, while the average circulating shares per person increased by 3.39% to 25,022 shares [2]. - For the period from January to September 2025, Yingke Recycling achieved an operating income of 2.583 billion yuan, representing a year-on-year growth of 15.76%, and a net profit attributable to shareholders of 226 million yuan, up 16.29% year-on-year [2]. - Yingke Recycling has distributed a total of 120 million yuan in dividends since its A-share listing, with 93.13 million yuan distributed over the past three years [3].

Macro Research - The report highlights a "double hit" moment for US dollar assets due to Trump's comments on Greenland and tariff threats, alongside the early dissolution of the Japanese House of Representatives leading to a sell-off in Japanese bonds [3][4][22] - The US dollar's credit breakdown is re-emerging, with significant impacts on US stocks, bonds, and currencies, resulting in a strong performance of safe-haven assets like gold and silver, while cryptocurrencies face pressure [3][4][22] Strategy Research - In Q4 2025, active funds significantly reduced their holdings in A-shares and Hong Kong stocks, with a focus on increasing allocations to cyclical and financial value stocks, while reducing exposure to technology and healthcare sectors [7][26] - The report indicates a clear rotation in fund styles, with a notable shift towards large-cap cyclical and financial stocks, while growth and consumer sectors saw reductions in allocations [26][27] Fixed Income Research - The appreciation of the RMB and increased foreign exchange settlements may tighten interbank liquidity, depending on whether the central bank will actively increase the supply of base currency [11][14] Industry Research: Photovoltaic Equipment - The report anticipates a new cycle for the photovoltaic equipment industry driven by SpaceX and Tesla's plans to deploy a combined 200GW of solar capacity, with key equipment manufacturers expected to benefit [15][16] - The demand for solar expansion is expected to rise due to the increasing need for low-orbit satellites and the commercialization of space computing, which will drive the demand for core equipment [15][16] Fund Allocation Insights - The report notes a significant increase in allocations to cyclical and financial sectors, particularly in upstream industries like metals and chemicals, driven by improved supply-demand dynamics and geopolitical tensions [27][28] - The technology sector shows a marked divergence, with communication equipment receiving substantial increases due to AI infrastructure investments, while many tech segments faced reductions [27][28]