证券代码：688087 证券简称：英科再生 英科再生资源股份有限公司 2026 年第一次临时股东会会议资料 2026 年 2 月 1 目 录 | 英科再生资源股份有限公司 2026 年第一次临时股东会会议须知 3 | | | --- | --- | | 2026 年第一次临时股东会会议议程 | 6 | | 议案一：关于变更部分募投项目暨调整相关募投项目资产用途的议案 | | | | 8 | 2 英科再生资源股份有限公司 2026 年第一次临时股东会会议须知 为维护广大投资者的合法权益，保障股东在本次股东会期间依法 行使权利，英科再生资源股份有限公司（以下简称"公司"）根据《中华 人民共和国公司法》、《中华人民共和国证券法》、《上市公司股东会规则》 以及《英科再生资源股份有限公司章程》、《英科再生资源股份有限公司 股东会议事规则》等有关规定，特制定本会议须知： 一、公司负责本次股东会的议程安排和会务工作，出席会议人员 应当听从公司工作人员安排，共同维护好会议秩序。 二、为保证股东会的正常秩序，除出席会议的股东或者股东代理 人、董事、董事会秘书、其他高级管理人员、见证律师、本次会议议程 有关人员及会务工作人员以外 ...

Investment Rating - The report maintains an "Overweight" rating for the environmental protection industry [1] Core Insights - The report emphasizes the growth potential in waste incineration and the opportunities for companies to expand overseas, particularly in Southeast Asia and India, where there is a projected increase in waste incineration capacity [10][15] - The report highlights the significant increase in sales of new energy sanitation vehicles and the growth of unmanned sanitation projects, indicating a shift towards automation and electrification in the industry [17][20] - The 2026 strategy focuses on the dual drivers of value and growth, emphasizing the importance of marketization and efficiency improvements in the environmental sector [24][28] Industry Trends - Waste Incineration Growth: The report estimates a potential increase of approximately 500,000 tons/day in waste incineration capacity in ASEAN countries and India, corresponding to an investment scale of about 250 billion yuan [10] - Unmanned Sanitation Equipment: In 2025, the total amount of contracts for unmanned sanitation projects exceeded 12.6 billion yuan, with a year-on-year increase of over 150% [17] - New Energy Sanitation Vehicles: Sales of new energy sanitation vehicles increased by 70.9% in 2025, with a penetration rate of 21.11%, reflecting a growing trend towards electrification in the sanitation sector [20][30] Company Recommendations - Key companies recommended for investment include Longjing Environmental, Gao Neng Environment, Sains, and others, focusing on their growth potential in both domestic and international markets [4][15] - The report suggests that companies like Weiming Environmental and Sanfeng Environment are expected to benefit significantly from overseas expansion and high-value projects [15][24] - The report also highlights the importance of dividend increases and return on equity (ROE) improvements for companies such as Huanlan Environment and Green Power [15][24] Market Dynamics - The report notes that the profitability of waste incineration projects in Indonesia is significantly higher than in China due to favorable pricing and operational conditions [12][15] - The report indicates that the market for lithium battery recycling is improving, with rising metal prices and better margins for recycling projects [38][39]

Core Viewpoint - The company is changing its fundraising project from a "100,000 tons/year multi-category plastic bottle high-quality recycling project" to a "5 million m2 new decorative building materials project" to enhance asset efficiency and profitability [2][16][31]. Fundraising Project Overview - Original fundraising project: "100,000 tons/year multi-category plastic bottle high-quality recycling project" with a total investment of approximately 800 million RMB and intended fundraising of 400 million RMB [2][7]. - New fundraising project: "5 million m2 new decorative building materials project" with a total investment of 150 million RMB and intended fundraising of 142.6384 million RMB [2][8]. - The amount of fundraising redirected: 142.6384 million RMB, accounting for 21.72% of the net fundraising amount from the initial public offering [2][16]. Project Implementation and Timeline - The new project is expected to commence production and generate revenue by December 2026 [3][19]. Reasons for Change - The change aims to improve fundraising efficiency and align with market demands, as decorative building materials offer higher profit margins compared to intermediate products like PET [16][24]. - The company has been a leader in the recycling industry for over 20 years and seeks to optimize its production capacity and meet international customer needs [16][17]. New Project Details - The new project will be implemented by the company's wholly-owned subsidiary, Shandong Yinglang Environmental Technology Co., Ltd., located in Zibo, Shandong Province [18]. - The project will involve leasing a factory of approximately 20,000 m2 and purchasing six extrusion production lines and two cutting and grooving lines [18][19]. Market Trends and Demand - The project aligns with structural changes in the decorative materials market, driven by consumer preferences for eco-friendly and easy-to-install products [20][21]. - The new decorative materials are designed to meet stringent environmental regulations in Europe and the U.S., enhancing their marketability [22][23]. Economic Benefits - Upon reaching full production, the new project is expected to generate an annual output value of 200 million RMB [26].

证券代码：688087 证券简称：英科再生 公告编号：2026-002 英科再生资源股份有限公司 关于变更部分募投项目暨调整相关募投项目 资产用途的公告 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： 原募投项目："10 万吨/年多品类塑料瓶高质化再生项目"。实 施主体为英科再生资源股份有限公司（以下简称"公司"）全资子公司 Intco Malaysia Sdn Bhd（马来西亚英科），总投资约 80,000 万元，拟投 入募集资金总额 40,000 万元。 拟变更后募投项目："年产 500 万 m2 新型装饰建材项目"。实 施主体为公司全资孙公司山东英朗环保科技有限公司，总投资 15,000 万元，拟投入募集资金 14,263.84 万元。 变更募集资金投向的金额：本次拟变更募集资金投向金额为 14,263.84 万元，占公司首次公开发行募集资金净额的比例为 21.72%， 原募投项目募集资金账户剩余的 1,787.35 万元（含募集资金账户产生 的利息收入扣除汇兑及手续费净额，具体以实际金额为准）用于支 ...

证券代码：688087 证券简称：英科再生 公告编号：2026-003 英科再生资源股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2026年第一次临时股东会 召开日期时间：2026 年 2 月 9 日 14 点 00 分 召开地点：山东省淄博市临淄区纬三路山东英朗环保科技有限公司 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 2 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 股东会召开日期：2026年2月9日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二） 股东会召集人：董事会 （三） 投票方式： ...

国金证券股份有限公司 关于英科再生资源股份有限公司 首次公开发行股票 变更部分募投项目暨调整相关募投项目资产用途 的核查意见 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为英 科再生资源股份有限公司（以下简称"英科再生"或"公司"）首次公开发行 股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》《上市公司募集资金监管规则》以及 《上海证券交易所科创板上市公司自律监管指引第1号——规范运作》等法律、 行政法规、部门规章及业务规则，对英科再生首次公开发行股票变更部分募集资 金投资项目（以下简称"募投项目"）暨调整相关募投项目资产用途的事项进行 了认真、审慎的核查，核查情况如下： 一、变更募集资金投资项目的概述 （一）募集资金基本情况 根据中国证券监督管理委员会于2021年5月25日出具的《关于同意山东英科 环保再生资源股份有限公司首次公开发行股票注册的批复》（证监许可 [2021]1802号），公司获准向社会公众公开发行人民币普通股（A股）3,325.8134 万股（每股面值人民币1元），并于2021年7月9日在上海证券交易所科创板上市 （以下 ...

Core Insights - The company, Inke Recycling, has a significant global presence, exporting to over 130 countries, with a high proportion of revenue from international sales [1] - As of the first half of 2025, the revenue from the North American and European regions is expected to exceed 70% of the company's total revenue, indicating strong operational resilience [1] - The European market is a crucial part of the company's overseas business strategy, with EU member states playing a vital role in this market [1] Revenue Composition - The company maintains a high level of international sales revenue, with a specific focus on the European market as a key component of its overseas operations [1] - The sales strategy in Europe is tailored based on actual business conditions, highlighting the company's adaptability in different markets [1] Market Strategy - Inke Recycling's sales in the European market are executed through various methods, although specific details on whether sales are direct, through subsidiaries, or third-party agents were not disclosed [1]

Group 1 - The core viewpoint of the news is that Yingke Recycling has seen a stock price increase of 5.07%, reaching 32.75 yuan per share, with a total market capitalization of 6.355 billion yuan [1] - Yingke Recycling, established on March 14, 2005, and listed on July 9, 2021, is located in the Qilu Chemical Industrial Park in Zibo, Shandong Province, and specializes in the recycling, regeneration, and utilization of renewable plastics [1] - The company's main business revenue composition includes: finished products 40.80%, decorative building materials 37.27%, recycled plastics 20.77%, environmental protection equipment 0.64%, and others 0.52% [1] Group 2 - From the perspective of major fund holdings, one fund under Southern Fund has a significant position in Yingke Recycling, with Southern Baojia Mixed A holding 120,000 shares, accounting for 1.43% of the fund's net value, ranking as the eighth largest holding [2] - Southern Baojia Mixed A, established on June 28, 2022, has a latest scale of 155 million yuan, with a year-to-date return of 1.14% and a one-year return of 12.68% [2] - The fund manager, Lin Lefeng, has a tenure of 9 years and 294 days, with the total asset scale of 15.472 billion yuan and the best fund return during the tenure being 167.12% [2]

Group 1 - The core viewpoint of the news is that Yingke Recycling has seen a stock price increase of 5.07%, reaching 32.75 CNY per share, with a total market capitalization of 6.355 billion CNY [1] - Yingke Recycling, established on March 14, 2005, and listed on July 9, 2021, is located in Zibo City, Shandong Province, and specializes in the recycling, regeneration, and utilization of renewable plastics [1] - The company's revenue composition includes: finished frames 40.80%, decorative building materials 37.27%, regenerated plastics 20.77%, environmental protection equipment 0.64%, and others 0.52% [1] Group 2 - From the perspective of fund holdings, one fund under Puyin Ansheng has a significant position in Yingke Recycling, with 778,400 shares held, accounting for 3.17% of the fund's net value, ranking as the tenth largest holding [2] - The Puyin Ansheng Emerging Industries Mixed A Fund (519120) has a total scale of 360 million CNY and has achieved a year-to-date return of 1.31%, ranking 6754 out of 8840 in its category [2] - The fund has a one-year return of 31.19%, ranking 4036 out of 8094, and a cumulative return since inception of 424.24% [2]

证券代码：688087 证券简称：英科再生 公告编号：2026-001 英科再生资源股份有限公司 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）。 公司 2025 年半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 41.38 元/股（含）调整为不超过人民币 41.28 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 2025 年半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：2025-053）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》的相关规定，公司在回购期间，应当在每个月的前 3 个交易日 内公告截至上月末 ...