证券代码：688309 证券简称：恒誉环保 公告编号：2026-005 济南恒誉环保科技股份有限公司 关于控股子公司投资扩产 10 万吨/年轮胎热裂解资源 化综合利用项目的公告 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、准确性和完整性承担法律责任。 重要内容提示： 风险提示：投资项目的实施，存在一定的变更风险、经营风险、市场风险、 财务风险和项目进程及效益不达预期风险。实施过程中可能受国际环境变化、 受宏观政策变化、市场变化、行业政策、原材料价格变化、市场需求变化等多 种因素的影响，可能存在项目实际进度或项目效益不及预期等风险。本次预计 投资金额较大，投资建设过程中若资金筹措进度不及预期或融资渠道受限，可 能对现金流产生阶段性压力。敬请广大投资者谨慎决策，注意投资风险。 一、对外投资概述 （一）本次交易概况 （三）是否属于关联交易和重大资产重组 本次投资不构成关联交易，也不构成《上市公司重大资产重组管理办法》规 定的重大资产重组。 二、投资标的基本情况 （一）投资标的概况 1、本次交易概况 济南恒誉环保科技股份有限公司（以下简称"公司"）控股子公司山 ...

本公司董事会、全体董事及相关股东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： 员工持股平台的基本情况 截至本公告披露日，济南恒誉环保科技股份有限公司（以下称"公司"） 员工持股平台宁波梅山保税港区银晟投资管理合伙企业（有限合伙）（下称"银 晟投资"）持有公司 5,026,601 股，占公司总股本的 6.33%。上述股份均来源于 公司首次公开发行前持有的股份，并已于 2023 年 7 月 14 日起解除限售上市流通。 减持计划的主要内容 持股平台因员工自身资金需求，拟于 2026 年 4 月 14 日至 2026 年 7 月 13 日期间，通过集中竞价交易方式减持公司股份，减持数量不超过 794,000 股，占 公司总股本的比例不超过 1.00%。减持价格将根据减持时的二级市场价格确定。 若公司在上述减持计划实施期间发生派发现金红利、送股、转增股本、增发新股 等原因进行除权、除息的，则上述减持计划将作出相应调整。 公司实际控制人及董监高不参与本次减持计划，在本次减持计划实施期间， 不以任何形式减持持有的公司股份。 证券代码：6 ...

Investment Rating - The report suggests a focus on green fuel, green electricity, natural gas, CCUS, renewable resources, carbon monitoring, and zero-carbon parks as key investment opportunities [4][7][43]. Core Insights - The transition to a dual carbon control system is urgent, with the need to achieve carbon peak by 2030 and a 65% reduction in carbon intensity compared to 2005 levels by 2030 [4][11]. - The establishment of a comprehensive carbon management system is underway, integrating carbon evaluation and market mechanisms [4][21]. - The path to implementation emphasizes energy transition and efficiency improvements, with pilot projects for zero-carbon factories and parks leading the way [4][44]. Summary by Sections Policy Transition - The shift from energy consumption control to carbon emission control is highlighted, with a focus on dual carbon control [6][8]. - The government has outlined a comprehensive policy framework for carbon peak and neutrality, emphasizing the need for a robust carbon management system [12][14]. System Construction - A dual approach combining administrative measures and market mechanisms is being developed, including carbon evaluation and a national carbon market [21][24]. - The national carbon market has expanded to include key industries such as power generation, steel, cement, and aluminum smelting [24][30]. Implementation Path - The report outlines a clear path for energy transition, focusing on green energy supply, energy efficiency improvements, and the establishment of zero-carbon factories and parks [4][44]. - Key tasks include developing renewable energy sources, enhancing energy efficiency, and implementing carbon management systems [46][50].

Group 1 - The core point of the article is that Hengyu Environmental Protection announced a change in the signing accountants for its 2025 financial report audit due to internal adjustments at the auditing firm Tianzhi International [1] - Tianzhi International has appointed Wang Jin to replace Di Jie as the signing registered accountant for the company's audit, while Wen Dongmei remains the project partner and Mo Wei is the project quality reviewer [1]

证券代码：688309 证券简称：恒誉环保 公告编号：2026-003 济南恒誉环保科技股份有限公司 关于变更签字会计师的公告 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。 济南恒誉环保科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 28 日、2025 年 5 月 20 日召开了第四届董事会第二次会议、2024 年年度股东大 会，审议通过了《关于续聘天职国际会计师事务所（特殊普通合伙）为公司 2025 年年度财务报告审计机构的议案》，同意续聘天职国际会计师事务所（特殊普通 合伙）（以下简称"天职国际"）为公司 2025 年度审计机构，具体内容详见公 司于 2025 年 4 月 29 日在上海证券交易所网站（www.sse.com.cn）披露的《关于 续聘会计师事务所的公告》（公告编号：2025-005）。 近日，公司收到天职国际出具的《关于变更签字注册会计师的告知函》，现 将具体情况公告如下: 签字注册会计师：王锦，拥有注册会计师资格，2016 年开始从事上市公司 1 审计，2023 年开始在天职国际执 ...

Group 1: Financial Performance - Hengyu Environmental reported a revenue of 294 million yuan for 2025, an increase of 89.87%, and a net profit of 35.93 million yuan, up 106.25% [1] - Zhongke Shuguang achieved a revenue of 14.97 billion yuan in 2025, growing by 13.86%, with a net profit of 2.113 billion yuan, reflecting a 10.54% increase [2] - Oat Technology's revenue reached 619 million yuan, marking a 24.33% growth, and a net profit of 137 million yuan, up 42.63% [4] - Yongxi Electronics reported a revenue of 4.4 billion yuan, a 21.92% increase, with a net profit of 82.24 million yuan, up 23.99% [5] Group 2: Shareholder Actions - Yashida Optoelectronics announced that a shareholder plans to reduce holdings by up to 1.6 million shares, representing no more than 0.976% of the total share capital [3] - Yuanli Co. intends to repurchase shares worth 50 to 60 million yuan for employee stock ownership plans, with a maximum repurchase price of 20 yuan per share [6] - Conch Cement's controlling shareholder plans to increase holdings by 700 million to 1.4 billion yuan [7] - Huaneng Hydropower's controlling shareholder plans to increase holdings by 100 to 150 million yuan [8] Group 3: Corporate Announcements - Baotai's drug application for Darpobatin injection has been accepted by the National Medical Products Administration [14] - Changchun High-tech's subsidiary received approval for clinical trials of GenSci141 ointment [15] - Tongwei Co. is planning to acquire 100% of Lihua Qingneng, with stock trading suspended for up to 10 trading days [16] - Guoyao Modern's application for the raw material drug Minaprine has been approved [20] Group 4: Market Activities - Kaipu Cloud announced the termination of the acquisition of Nanning Taike [21] - Boji Pharmaceutical plans to reduce its holdings by up to 0.69% of the total share capital [23] - ST Renfu intends to issue shares to its controlling shareholder to raise 3 to 3.5 billion yuan for innovative drug development projects [24] - Huayi Technology submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [25]

Performance Summary - Supor reported a net profit of 2.097 billion yuan for 2025, a decrease of 6.58% year-on-year [2] - Sanofi reported a net profit of 2.939 billion yuan for 2025, an increase of 317.09% year-on-year [17] - Wens Foodstuff Group reported a net profit of 5.235 billion yuan for 2025, a decrease of 43.59% year-on-year [18] - Sree New Materials reported a net profit of 154 million yuan for 2025, an increase of 35.04% year-on-year [22] - JiaoKong Technology reported a net profit of 156 million yuan for 2025, an increase of 86.13% year-on-year [22] - Aidi Pharmaceutical reported a net loss of 19.7337 million yuan for 2025, a reduction in loss [22] - MicroGuide Nano reported a net profit of 213 million yuan for 2025, a decrease of 6.12% year-on-year [22] - Zhongwei Semiconductor reported a net profit of 285 million yuan for 2025, an increase of 108.05% year-on-year [22] - Hengyu Environmental reported a net profit of 35.9325 million yuan for 2025, an increase of 106.25% year-on-year [22] - Zhongke Shuguang reported a net profit attributable to shareholders of 2.113 billion yuan for 2025, an increase of 10.54% year-on-year [22] - Oat Technology reported a net profit of 137 million yuan for 2025, an increase of 42.63% year-on-year [22] - Yongxi Electronics reported a net profit attributable to shareholders of 82.2403 million yuan for 2025, an increase of 23.99% year-on-year [22] Shareholding Changes - Asia Optical's shareholders plan to reduce their holdings by no more than 1.6 million shares [22] - Anhui Conch Cement's controlling shareholder plans to increase its holdings by 700 million to 1.4 billion yuan [22] - Huaneng Hydropower's controlling shareholder plans to increase its holdings by 100 million to 150 million yuan [22] - Fushi Holdings' shareholders plan to reduce their holdings by no more than 2% [22] - Zhixin Precision's board members plan to reduce their holdings by no more than 1.8562% [22] - Hongbaoli's deputy general manager plans to reduce their holdings by no more than 310,000 shares [22] - Yuanli Co. plans to repurchase shares worth 50 million to 60 million yuan [22] - Zhongshun Jierou plans to repurchase shares worth 60 million to 120 million yuan [22] Contract Awards - Fengfan Co. won a procurement project from Southern Power Grid worth approximately 184 million yuan [22] - Shaoneng Co.'s wholly-owned subsidiary signed a cooperation agreement for land and resources for an independent energy storage power station project with Yuancan Company [22] Major Investments - Zhejiang Medicine plans to invest 250 million yuan in a silver economy fund in collaboration with a private equity fund [4] Project Approvals - Gansu Energy's Minqin Shuangchike 2 million kilowatt wind power project has been approved [5] - China Tianying received investment approval for the expansion of its Hanoi project [5] Mergers and Acquisitions - Dazhu Laser plans to invest 150 million USD to establish an overseas operation center [6] - Dongyang Sunshine is planning to acquire control of Dongshu No. 1, with stock suspension [6] - Shenlian Bio plans to acquire control of Shizhi Source for 237 million yuan to fully develop its innovative drug business [23] - Tongwei is planning to purchase 100% of Lihua Qingneng, with stock suspension starting tomorrow [23] - Changxin Bochuang plans to acquire 93.8108% of Shanghai Honghui Optical Communication Technology Co., Ltd. for 375 million yuan [23] - Kaipu Cloud has terminated the acquisition of 100% of Nanning Taike [23] Other Developments - Kexin Mechanical and Electrical obtained a production license for ultra-high pressure containers (A6) [10] - Baiyin Nonferrous Metals received a government subsidy of 9 million yuan [24] - Rundou Co. received a drug registration certificate for ibuprofen tablets [25] - Hengrui Medicine's application for the marketing authorization of the innovative drug SHR-1918 injection has been accepted and included in the priority review process [26] - Duorui Medicine's tender offer period has expired, and the company's stock is suspended [27] - Inner Mongolia Huadian plans to apply for a change of its stock name to "Huaneng Mengdian" [28]

Financial Performance - In 2025, the company achieved total operating revenue of 294.18 million RMB, representing a year-on-year increase of 89.87% [2] - The net profit attributable to the parent company was 35.93 million RMB, up 106.25% year-on-year [2] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 33.11 million RMB, reflecting a year-on-year growth of 139.35% [2] - As of the end of the reporting period, the company's total assets amounted to 1,022.99 million RMB, an increase of 11.73% compared to the previous year [2] - The equity attributable to the parent company was 772.34 million RMB, which is a 4.69% increase year-on-year [2] Business Growth Factors - The company's performance growth is primarily attributed to its advanced technology and equipment capabilities, which have facilitated the expansion of overseas sales markets, leading to a continuous increase in sales orders for high-end equipment [3] - The company has successfully implemented a dual-driven strategy of "equipment sales + project operation," optimizing its business structure and commercial model, which has contributed to steady performance growth [3] - The company has met stringent overseas safety and environmental emission standards, gaining high recognition from international clients, resulting in increased large orders and repeat purchases from existing customers [3] - The operational projects have maintained stable performance, enhancing the company's operational stability and sustainable development capabilities, thus providing a consistent revenue stream [3] - The company has seen a continuous increase in new orders, with a healthy backlog supporting performance expectations and enhancing market influence [3]

Core Viewpoint - Hengyu Environmental Protection (688309.SH) reported a significant increase in revenue and net profit for the fiscal year 2025, indicating strong growth driven by advanced technology and market expansion [1] Financial Performance - The company achieved total operating revenue of 294 million yuan, representing a year-on-year increase of 89.87% [1] - The net profit attributable to the parent company was 35.93 million yuan, reflecting a year-on-year growth of 106.25% [1] Growth Drivers - The growth in performance is primarily attributed to the company's advanced technology and equipment capabilities, which have facilitated the expansion of overseas sales markets [1] - Continuous growth in sales orders for high-end equipment, specifically large industrial continuous thermal cracking equipment, has contributed to the revenue increase [1] - The company's operational projects have shown steady improvement, consistently contributing to revenue [1]

Major Announcements - Light Media's film "Fast and Furious 3" has achieved a cumulative box office revenue of approximately 2.926 billion yuan, with the company's revenue from this film estimated between 43 million to 53 million yuan, which exceeds 50% of the company's audited consolidated financial statement revenue for the most recent fiscal year [1] - Dazhong Laser plans to invest 150 million USD to establish an overseas operation center in Southeast Asia to enhance service capabilities and meet international market demands [1] - Shunlian Bio intends to acquire controlling interest in Yanzhou Shizhi Source Biotechnology Co., Ltd. for 237 million yuan, aiming to fully develop its innovative drug business [2] - Shaoneng Co. signed a cooperation agreement with Yuancan Company for an independent energy storage power station project, with a total agreement amount of 22 million yuan [3] - China Tianying received investment approval for the expansion of its waste-to-energy project in Hanoi, with an investment amount of approximately 220 million USD [4] - Gansu Energy's 2 million kW wind power project has received approval from the local development and reform bureau [5] - Kexin Machinery obtained a production license for ultra-high pressure vessels [6] Financial Performance - Zhongwei Semiconductor reported a net profit of 285 million yuan for 2025, a year-on-year increase of 108.05%, with total revenue of 1.122 billion yuan, up 23.09% [9] - Weidao Nano reported a net profit of 213 million yuan for 2025, a year-on-year decrease of 6.12%, with total revenue of 2.632 billion yuan, down 2.52% [10] - Wens Foodstuff Group reported a net profit of 5.235 billion yuan for 2025, a year-on-year decrease of 43.59%, with total revenue of 103.884 billion yuan, down 1.67% [11] - SanSheng Guojian reported a net profit of 2.939 billion yuan for 2025, a year-on-year increase of 317.09%, with total revenue of 4.199 billion yuan, up 251.81% [12] - Yongxi Electronics reported a net profit of 82.24 million yuan for 2025, a year-on-year increase of 23.99%, with total revenue of 4.4 billion yuan, up 21.92% [14] - YaoMai Technology reported a net profit of 137 million yuan for 2025, a year-on-year increase of 42.63%, with total revenue of 619 million yuan, up 24.33% [15] - Zhongke Shuguang reported a net profit of 2.113 billion yuan for 2025, a year-on-year increase of 10.54%, with total revenue of 14.97 billion yuan, up 13.86% [15] Shareholder Actions - Zhongshun Jierou plans to repurchase shares worth between 60 million to 120 million yuan for employee stock ownership plans [21] - Yuanli Co. plans to repurchase shares worth between 50 million to 60 million yuan for stock incentive plans [21] - Huaneng Hydropower's controlling shareholder plans to increase its stake by 100 million to 150 million yuan [22] - Conch Cement's controlling shareholder plans to increase its stake by 700 million to 1.4 billion yuan [23] Stock Suspension - Dongyangguang announced a stock suspension due to plans to acquire control of Dongshu No. 1 [29] - Tongwei Co. announced a stock suspension due to plans to acquire 100% equity of Qinghai Lihua Qingneng [30] - Duorui Pharmaceutical announced a stock suspension as the offer period for its acquisition has expired [31]