Core Viewpoint - Hengyu Environmental Protection (688309) has achieved significant growth in the first half of 2025, with a revenue of 125 million yuan, representing a year-on-year increase of 268.05%, and a net profit of 8.3966 million yuan, marking a turnaround from loss to profit [1] Group 1: Financial Performance - The company's operating revenue from project operations reached 45 million yuan, accounting for 36.27% of total revenue, becoming a core driver of performance growth [1] - The company signed a sales contract with a UK client for a continuous waste plastic pyrolysis production line with a capacity of 60,000 tons per year, totaling approximately 198 million yuan, which is expected to positively impact the company's performance in 2025-2026 [2] Group 2: Market Strategy and Development - Hengyu Environmental Protection has been focusing on the industrial continuous pyrolysis technology and equipment while expanding downstream operations to enhance stability and sustainability [2] - The company is actively pursuing a "go global" sales strategy, leading to a favorable order situation and reflecting the growing market potential in Europe driven by chemical recycling policies [2] Group 3: Technological Innovation - The company is committed to deepening research and development in pyrolysis technology, with 11 research projects underway and the introduction of one new product, along with four newly authorized patents, enhancing the technological content and automation level of its products [3]

Core Viewpoint - Hengyu Environmental reported significant growth in revenue and profitability in the first half of 2025, driven by its dual strategy of "equipment sales + project operation" [1][2]. Group 1: Financial Performance - The company achieved operating revenue of 1.25 billion yuan, a year-on-year increase of 268.05% [1]. - The net profit attributable to shareholders reached 8.40 million yuan, marking a turnaround from losses [1]. - Revenue from operational business reached 450 million yuan, accounting for 36.27% of total revenue, highlighting its role as a key growth driver [1]. Group 2: Market Expansion - Hengyu Environmental is actively expanding both domestic and international markets, leveraging its proprietary technology in thermal cracking [1]. - The company signed a sales contract with a UK client for a 60,000 tons/year industrial continuous waste plastic thermal cracking production line, valued at approximately 198 million yuan [2]. - The ongoing projects, such as the Enshi oil-based rock BOO project and the Zhejiang paint sludge BOO project, are progressing well, contributing to the company's operational stability [2]. Group 3: Technological Advancements - The company has developed a competitive edge in the thermal cracking equipment sector through continuous R&D, addressing industry challenges such as coking and dynamic sealing [4]. - As of the end of the reporting period, Hengyu Environmental holds 116 domestic and international patents in the thermal cracking field, enhancing its core competitiveness [4]. - The company is committed to ongoing innovation, focusing on green and low-carbon technologies to improve product quality and operational efficiency [5].

Core Viewpoint - Hengyu Environmental reported significant growth in revenue and profitability in the first half of 2025, driven by its dual strategy of "equipment sales + project operation" [1][3] Group 1: Financial Performance - The company achieved operating revenue of 1.25 billion yuan, representing a year-on-year increase of 268.05% [1] - The net profit attributable to shareholders reached 8.40 million yuan, marking a turnaround from losses [1] - Revenue from operational business reached 0.45 billion yuan, accounting for 36.27% of total revenue, highlighting its role as a key growth driver [1] Group 2: Market Expansion - Hengyu Environmental is a technology innovation-driven company with proprietary technology in thermal cracking, focusing on the harmless, reduced, and resourceful disposal of organic waste [2] - The company has signed a sales contract with a UK client for a 60,000 tons/year industrial continuous waste plastic thermal cracking production line, valued at approximately 198 million yuan [2] - The contract is expected to positively impact the company's performance in 2025-2026 and reflects the growing market potential in the European chemical recycling industry [2] Group 3: Strategic Development - The company is enhancing operational stability, sustainability, and diversification by focusing on project operation alongside its core thermal cracking technology [3] - As of mid-2025, the company has successfully launched the Enshi oil-based rock BOO project and is progressing with the Zhejiang paint sludge BOO project [3] - Hengyu Environmental aims to integrate its technological and operational capabilities to improve the overall efficiency of the thermal cracking industry chain [3] Group 4: Technological Innovation - Continuous research and innovation are crucial for maintaining a competitive edge in the thermal cracking equipment sector [4] - The company has resolved several industry challenges and achieved stable industrial continuous operation of thermal cracking equipment [4] - As of the reporting period, the company has 116 domestic and international patents in the thermal cracking field, enhancing its core competitiveness [4] Group 5: Future Development Strategy - Hengyu Environmental plans to expand the application of thermal cracking technology and focus on green low-carbon project development [5] - The company aims to innovate in technology and products, enhancing the technological content of its offerings [5] - The strategy includes providing effective solutions for the harmless, reduced, and resourceful treatment of organic solid and hazardous waste [5]

Core Viewpoint - The company has approved the use of idle self-owned funds for cash management, not exceeding RMB 350 million, to enhance fund utilization efficiency and increase returns for shareholders [24][26][28]. Group 1: Company Overview - The company is named Jinan Hengyu Environmental Technology Co., Ltd. and is listed under the stock code 688309 [3]. - The company has not undergone any changes in its controlling shareholder or actual controller [4]. Group 2: Financial Data - The company has not disclosed specific financial data in the provided documents [2][3]. Group 3: Board and Supervisory Meetings - The fourth board and supervisory meetings were held on August 26, 2025, with all members present, and the resolutions passed were deemed legal and effective [5][6][8]. - The supervisory board approved the company's half-year report and the special report on the use of raised funds [10][11]. Group 4: Cash Management Plan - The company plans to use idle self-owned funds for cash management, focusing on high-security, high-liquidity investment products, with a maximum investment period of 12 months [24][30][32]. - The cash management will not affect the company's normal operations or its main business development [32]. Group 5: Stock Incentive Plan - The company has decided to cancel a total of 644,464 shares of unvested restricted stock due to certain incentive targets not being met and some recipients leaving the company [19][42][43]. - The cancellation of these shares will not materially impact the company's financial status or operational results [44].

Core Viewpoint - The legal opinion from Beijing Deheng Law Firm confirms the validity of the cancellation of unvested restricted stock awards under the 2024 incentive plan of Jinan Hengyu Environmental Technology Co., Ltd, following the departure of certain incentive recipients [1][6][9]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the cancellation of unvested restricted stock awards as per the relevant regulations and internal governance documents [6][9]. - The board of directors and the supervisory board have passed resolutions regarding the incentive plan and the cancellation of certain stock awards [4][6]. Group 2: Reasons for Cancellation - The cancellation of restricted stock awards is due to the departure of three incentive recipients, who no longer meet the eligibility criteria, resulting in a total of 70,000 shares being rendered void [6][7]. - The incentive plan stipulates that unvested stock awards are forfeited if the recipient leaves the company for any reason, including resignation or termination [6][7]. Group 3: Details of the Cancellation - A total of 644,464 shares of restricted stock have been canceled due to failure to meet performance criteria set in the incentive plan, with 574,464 shares specifically linked to unmet performance conditions for the first vesting period [8][9]. - The performance assessment for the incentive plan is based on revenue and net profit growth compared to the previous year, with specific targets established for each assessment period [7][8].

智通财经APP讯，恒誉环保(688309.SH)披露2025年半年度报告，报告期公司实现营收1.25亿元，同比增 长268.05%;归母净利润840万元，同比扭亏为盈;扣非净利润748万元，同比扭亏为盈;基本每股收益 0.1049元。 ...

Group 1 - The company, Hengyu Environmental Protection, announced on August 26 that its fourth supervisory board's third meeting approved multiple proposals, including the proposal to cancel part of the granted but unvested restricted stock [2]

截至发稿，恒誉环保市值为23亿元。 每经AI快讯，恒誉环保（SH 688309，收盘价：29.36元）8月26日晚间发布半年度业绩报告称，2025年 上半年营业收入约1.25亿元，同比增加268.05%；归属于上市公司股东的净利润约840万元；基本每股收 益0.1049元。2024年同期营业收入约3387万元；归属于上市公司股东的净利润亏损约80万元；基本每股 收益亏损0.0101元。 每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 （记者 王晓波） ...

Group 1 - The Supervisory Board of Jinan Hengyu Environmental Technology Co., Ltd. held its third meeting of the fourth session on August 26, 2025, to review and approve various proposals [1][2] - The Supervisory Board approved the company's 2025 semi-annual report and its summary, confirming that the report reflects the company's actual situation accurately and completely [2][3] - The Supervisory Board also approved a special report on the storage and actual use of raised funds for the first half of 2025, ensuring compliance with relevant regulations [2][3] Group 2 - The company plans to use up to RMB 350 million of idle self-owned funds for cash management to enhance efficiency and returns while ensuring safety and normal operations [3][4] - The cash management products will include safe and liquid investments, such as structured deposits and time deposits, with a maximum investment period of one year [4][5] - The Supervisory Board confirmed that the cash management plan aligns with the interests of the company and its shareholders, posing no risk to the company's operations [5][6] Group 3 - The Supervisory Board approved the cancellation of 644,464 shares of unvested restricted stock due to certain incentive targets not being met and the departure of three incentive recipients [6]

证券代码：688309 证券简称：恒誉环保 公告编号：2025-018 济南恒誉环保科技股份有限公司 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。 《关于公司<2024 年限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会授权董 事会办理公司 2024 年限制性股票激励计划相关事宜的议案》等相关议案。同日， 公司召开第三届监事会第十二次会议，审议通过《关于公司<2024 年限制性股票 激励计划（草案）>及其摘要的议案》《关于公司<2024 年限制性股票激励计划 实施考核管理办法>的议案》《关于核查公司<2024 年限制性股票激励计划激励 对象名单>的议案》等相关议案。 了《济南恒誉环保科技股份有限公司关于独立董事公开征集委托投票权的公告》 （公告编号：2024-027），按照公司其他独立董事的委托，独立董事姜宏青女士 作为征集人，就公司拟于 2024 年 9 月 18 日召开的 2024 年第三次临时股东大会 审议的 2024 年限制性股票激励计划相关议案向公司全体股东征集委托投票权。 姓名和职务进行了公示。 ...