11月26日，万德斯盘中下跌2.02%，截至14:09，报24.69元/股，成交1127.34万元，换手率0.53%，总市 值20.99亿元。 资金流向方面，主力资金净流出52.76万元，大单买入96.22万元，占比8.54%，卖出148.98万元，占比 13.22%。 截至9月30日，万德斯股东户数3714.00，较上期减少11.74%；人均流通股22885股，较上期增加 13.30%。2025年1月-9月，万德斯实现营业收入3.62亿元，同比减少10.90%；归母净利润-3695.35万元， 同比减少877.25%。 分红方面，万德斯A股上市后累计派现5956.05万元。近三年，累计派现2216.14万元。 责任编辑：小浪快报 今年以来万德斯已经1次登上龙虎榜，最近一次登上龙虎榜为3月24日，当日龙虎榜净买入783.36万元； 买入总计2558.78万元 ，占总成交额比76.93%；卖出总计1775.42万元 ，占总成交额比53.38%。 资料显示，南京万德斯环保科技股份有限公司位于江苏省南京市江宁区乾德路57号，成立日期2007年8 月14日，上市日期2020年1月14日，公司主营业务涉及聚焦有机垃圾业 ...

11月24日，万德斯盘中下跌2.00%，截至09:51，报24.45元/股，成交486.69万元，换手率0.23%，总市值 20.78亿元。 截至9月30日，万德斯股东户数3714.00，较上期减少11.74%；人均流通股22885股，较上期增加 13.30%。2025年1月-9月，万德斯实现营业收入3.62亿元，同比减少10.90%；归母净利润-3695.35万元， 同比减少877.25%。 分红方面，万德斯A股上市后累计派现5956.05万元。近三年，累计派现2216.14万元。 责任编辑：小浪快报 万德斯今年以来股价涨95.76%，近5个交易日跌6.68%，近20日跌9.14%，近60日跌6.32%。 今年以来万德斯已经1次登上龙虎榜，最近一次登上龙虎榜为3月24日，当日龙虎榜净买入783.36万元； 买入总计2558.78万元 ，占总成交额比76.93%；卖出总计1775.42万元 ，占总成交额比53.38%。 资料显示，南京万德斯环保科技股份有限公司位于江苏省南京市江宁区乾德路57号，成立日期2007年8 月14日，上市日期2020年1月14日，公司主营业务涉及聚焦有机垃圾业务板块、工业废水业务板块 ...

今年以来万德斯已经1次登上龙虎榜，最近一次登上龙虎榜为3月24日，当日龙虎榜净买入783.36万元； 买入总计2558.78万元 ，占总成交额比76.93%；卖出总计1775.42万元 ，占总成交额比53.38%。 11月10日，万德斯盘中下跌2.01%，截至13:58，报26.85元/股，成交2283.07万元，换手率0.99%，总市 值22.82亿元。 资金流向方面，主力资金净流出109.63万元，特大单买入0.00元，占比0.00%，卖出258.75万元，占比 11.33%；大单买入229.47万元，占比10.05%，卖出80.35万元，占比3.52%。 万德斯今年以来股价涨114.97%，近5个交易日涨1.74%，近20日涨0.56%，近60日涨9.10%。 截至9月30日，万德斯股东户数3714.00，较上期减少11.74%；人均流通股22885股，较上期增加 13.30%。2025年1月-9月，万德斯实现营业收入3.62亿元，同比减少10.90%；归母净利润-3695.35万元， 同比减少877.25%。 分红方面，万德斯A股上市后累计派现5956.05万元。近三年，累计派现2216.14万元。 ...

Core Insights - The Shanghai Composite Index closed at 3969.92 points, above the five-day moving average, with a gain of 0.25% [1] - The total trading volume of A-shares reached 1,529.84 billion yuan, with 765 A-shares breaking through the five-day moving average [1] Stock Performance - The stocks with the highest deviation rates from the five-day moving average include: - Yunlu Co., Ltd. (688190) with a deviation rate of 8.96% and a daily increase of 11.05% [2] - Xilinmen (603008) with a deviation rate of 8.09% and a daily increase of 9.98% [2] - Wanders (688178) with a deviation rate of 7.94% and a daily increase of 12.47% [2] - Other notable stocks with significant daily increases include: - Aerospace Intelligence (300446) with a daily increase of 14.59% and a deviation rate of 7.93% [2] - Nandu Power (300068) with a daily increase of 11.13% and a deviation rate of 7.46% [2] Additional Stock Data - The table lists various stocks with their respective daily performance metrics, including trading volume and deviation rates from the five-day moving average [2][3] - Stocks such as Haibo Si (688411) and Huaci Co., Ltd. (001216) also show positive performance with deviation rates of 4.69% and 4.67% respectively [3]

Core Points - The Shanghai Composite Index closed at 3962.04 points, slightly below the five-day moving average, with a change of 0.05% [1] - The total trading volume of A-shares reached 1,149.726 billion yuan [1] - A total of 585 A-shares have prices that surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] Stock Performance Summary - Aerospace Intelligence (300446) had a price increase of 14.80% with a deviation rate of 8.08% from the five-day moving average [2] - Wanders (688178) saw a price increase of 12.00% and a deviation rate of 7.59% [2] - Redik (300652) experienced a price increase of 12.07% with a deviation rate of 7.31% [2] - Other notable stocks include Wanliyang (002434) with a 10.00% increase and a 6.54% deviation rate, and Vanadium Titanium Co. (000629) with a 10.17% increase and a 6.35% deviation rate [2]

Company Overview - Nanjing Wanders Environmental Technology Co., Ltd. is located in Jiangning District, Nanjing, Jiangsu Province, established on August 14, 2007, and listed on January 14, 2020 [1] - The company's main business focuses on organic waste management and industrial wastewater treatment, emphasizing refined technology and quality projects [1] Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 362 million yuan, a year-on-year decrease of 10.90%, and a net profit attributable to shareholders of -36.95 million yuan, a year-on-year decrease of 877.25% [2] - The company has cumulatively distributed cash dividends of 59.56 million yuan since its A-share listing, with 22.16 million yuan distributed over the past three years [3] Stock Performance - As of November 4, the stock price of Wanders fell by 2.27% to 25.79 yuan per share, with a total market capitalization of 2.192 billion yuan [1] - Year-to-date, the stock price has increased by 106.49%, but it has decreased by 4.41% in the last five trading days and 7.50% in the last 20 days [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 7.83 million yuan on March 24 [1] Shareholder Information - As of September 30, the number of shareholders is 3,714, a decrease of 11.74% from the previous period, while the average circulating shares per person increased by 13.30% to 22,885 shares [2] Industry Classification - Wanders is classified under the environmental protection industry, specifically in waste management, and is associated with concepts such as margin trading, small-cap stocks, energy conservation, waste classification, and micro-cap stocks [2]

Core Viewpoint - Wandes, established in 2007 and listed in 2020, is a leader in organic waste and industrial wastewater treatment in China, with a full industry chain service capability and multiple core technologies and patents [1] Group 1: Business Performance - For Q3 2025, Wandes reported revenue of 362 million yuan, ranking 31st among 35 companies in the industry, with the industry leader, Zhejiang Fu Holdings, generating 16.155 billion yuan [2] - The company's net profit for the same period was -39.772 million yuan, placing it 29th in the industry, while the top performer, Weiming Environmental, achieved a net profit of 2.238 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Wandes had a debt-to-asset ratio of 50.59%, higher than the previous year's 45.90% and above the industry average of 50.06% [3] - The company's gross profit margin for Q3 2025 was 14.36%, significantly lower than the previous year's 30.28% and below the industry average of 25.02% [3] Group 3: Executive Compensation - The chairman, Liu Jun, received a salary of 472,800 yuan in 2024, an increase of 16,000 yuan from 2023 [4] - The general manager, Chen Can, earned 472,800 yuan in 2024, which is an increase of 76,300 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.74% to 3,714, while the average number of circulating A-shares held per account increased by 13.30% to 22,900 [5]

Financial Performance - The company's operating revenue for Q3 2025 was ¥154,256,381.17, representing a 12.00% increase compared to the same period last year[3]. - The total profit for the period was -¥11,763,511.84, a decrease of 220.29% year-on-year[3]. - The net profit attributable to shareholders was -¥8,518,263.41, reflecting a 193.93% decline compared to the previous year[3]. - Total operating revenue for the first three quarters of 2025 is CNY 361,626,594.30, a decrease of 10.9% compared to CNY 405,852,457.28 in the same period of 2024[19]. - Operating profit for the first three quarters of 2025 is a loss of CNY 45,705,152.36, compared to a profit of CNY 2,327,356.64 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 is a loss of CNY 39,771,979.70, compared to a profit of CNY 1,010,130.45 in the same period of 2024[20]. - Basic and diluted earnings per share for the first three quarters of 2025 is CNY -0.43, compared to CNY 0.06 in the same period of 2024[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥59,920,706.32, an increase of 89.10%[4]. - In the first three quarters of 2025, the net cash flow from operating activities was RMB 59,920,706.32, an increase of 89.0% compared to RMB 31,688,077.12 in the same period of 2024[22]. - Total cash inflow from investment activities reached RMB 539,346,516.58, significantly higher than RMB 205,226,306.72 in the previous year, marking a growth of 162.0%[23]. - The net cash flow from investment activities was negative at RMB -119,714,819.98, an improvement from RMB -172,366,439.99 in the same period last year[23]. - Cash inflow from financing activities totaled RMB 187,080,000.00, down from RMB 266,820,289.78 in the previous year, representing a decrease of 30.0%[23]. - The net cash flow from financing activities was RMB 72,295,941.39, a decrease of 24.4% compared to RMB 95,632,208.02 in the same period of 2024[23]. - The company reported a cash and cash equivalents balance of RMB 105,148,652.66 at the end of the period, up from RMB 50,733,236.47 at the end of the previous year[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,089,093,144.16, a slight increase of 0.65% from the end of the previous year[4]. - The company's total liabilities increased to CNY 1,056,963,271.43, up from CNY 1,003,842,721.38 year-over-year[16]. - Non-current liabilities rose to CNY 386,769,673.59, an increase from CNY 321,378,038.60 in the previous year[16]. - The total equity attributable to shareholders decreased to CNY 996,007,261.85 from CNY 1,032,898,823.63 year-over-year[16]. - Total current assets decreased to RMB 1,069,256,121.60 from RMB 1,125,827,990.59 in the previous year[14]. - Short-term borrowings decreased to RMB 100,770,152.81 from RMB 140,759,729.65[15]. - Accounts payable decreased to RMB 280,923,758.84 from RMB 369,156,683.41[15]. - Contract liabilities increased significantly to RMB 74,013,148.79 from RMB 24,491,747.97[15]. - Long-term receivables decreased to RMB 29,953,478.16 from RMB 38,414,029.06[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,714[11]. - The largest shareholder, Nanjing Wandes Investment Co., Ltd., holds 24,584,139 shares, accounting for 28.92% of total shares[12]. - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[13]. Research and Development - Research and development expenses totaled ¥5,267,479.12, accounting for 3.41% of operating revenue, a decrease of 1.12 percentage points[4]. - The company experienced a decrease in research and development expenses, which amounted to CNY 19,040,208.86, down from CNY 23,885,984.67 year-over-year[19]. Financial Challenges - The decline in profits is primarily attributed to intensified industry competition, leading to a decrease in revenue scale and gross margin[8]. - The company reported a significant increase in financial expenses, totaling CNY 13,410,050.77, compared to CNY 10,988,302.98 in the previous year[19]. - The company reported a total of -¥36,759.99 in non-recurring gains and losses for the period[7]. Accounting Standards - The company did not apply new accounting standards for the first time in 2025[24].

Core Points - Wande's announcement on October 28 states that a workers' representative meeting will be held on October 28, 2025, to comply with relevant regulations for decision-making [1] - The meeting will involve democratic discussion and voting, with all worker representatives unanimously approving the proposal to elect Mr. Mei Xuekuai as a worker director [1]

2025 年 10 月 29 日 附件：梅学奎简历 梅学奎先生，1982 年 12 月生，中国国籍，无境外永久居留权，本科学历，中 级会计师、中级经济师、拥有基金从业资格证。2013 年 9 月至 2017 年 7 月，担任 奇瑞控股集团有限公司财务控制本部预算副经理、资金副经理；2017 年 8 月至 2019 年 12 月，担任芜湖瑞源物流有限公司财务负责人；2019 年 1 月至 2022 年 5 月， 担任安徽麦卡出行汽车有限公司总经理助理兼财务总监；2022 年 6 月至 2025 年 7 月，担任合肥瑞丞私募基金管理有限公司财务总监；2022 年 6 月至 2025 年 9 月， 担任芜湖奇瑞资本管理有限公司财务总监。现任公司职工董事、财务总监。 根据《中华人民共和国公司法》、修订后的《南京万德斯环保科技股份有限公 司章程》（以下简称"《公司章程》"）等有关规定，南京万德斯环保科技股份有 限公司（以下简称"公司"）董事会成员中应包含一名职工董事。公司于 2025 年 10 月 28 日召开职工代表大会，会议的召开及表决程序符合职工代表大会决策的有 关规定，会议经民主讨论、表决，全体职工代表一致审议 ...