人民财讯11月12日电，复洁环保(688335)11月12日公告，公司拟将现有的证券简称变更为"复洁科技"， 公司全称和证券代码保持不变。此次变更与公司变更后的全称相匹配，符合公司长期经营发展需要。此 次证券简称变更事项以上交所最终核准为准。 ...

Core Insights - The stock of Shanghai Fuzhi Environmental Protection Co., Ltd. dropped by 5.02% on November 12, trading at 23.27 CNY per share with a total market capitalization of 3.445 billion CNY [1] Company Overview - Shanghai Fuzhi Environmental Protection Co., Ltd. was established on November 18, 2011, and went public on August 17, 2020. The company specializes in providing sludge dewatering, drying, and waste gas purification technology and services for urban and industrial wastewater treatment plants [1] - The company's main business revenue breakdown is as follows: high-end solid-liquid separation equipment (78.74%), spare parts maintenance and others (12.12%), waste gas purification technology equipment (3.94%), operational services (2.95%), dual-carbon comprehensive services (1.54%), and energy-saving and carbon reduction technology equipment sales and services (0.71%) [1] Fund Holdings - Huashan Fund has one fund heavily invested in Fuzhi Environmental Protection. The Huashan Tianxiang 6-Month Holding Mixed A Fund (011390) held 25,000 shares in the third quarter, accounting for 0.74% of the fund's net value, ranking as the seventh largest holding [2] - The Huashan Tianxiang 6-Month Holding Mixed A Fund was established on July 21, 2021, with a current size of 103 million CNY. Year-to-date returns are 7.72%, with a one-year return of 5.11% and a cumulative return since inception of 19.39% [2] Fund Manager Performance - The fund managers of Huashan Tianxiang 6-Month Holding Mixed A Fund include Shi Yuxin, Xu Fuqiang, and Lu Ben. Shi Yuxin has a tenure of 10 years and 122 days, managing assets totaling 3.135 billion CNY, with the best return of 98.43% and the worst return of 0.92% during the tenure [3] - Xu Fuqiang has a tenure of 7 years and 181 days, managing 533 million CNY, with the best return of 66.83% and the worst return of 0.27% [3] - Lu Ben has a tenure of 7 years and 51 days, managing 4.336 billion CNY, with the best return of 139.2% and the worst return of 3.83% [3]

Summary of the Conference Call for 富杰环保 Company Overview - **Company**: 富杰环保 (Fujie Environmental) - **Industry**: Green Methanol Production Key Points and Arguments 1. **Financial Performance**: In the first three quarters of 2025, 富杰环保 achieved a net profit of 2.42 million yuan, marking a turnaround from losses, although the non-recurring net profit still showed a loss of 11.77 million yuan, indicating improvement year-on-year [2][3][4] 2. **Revenue Growth**: The company reported a revenue of 61 million yuan in Q3 2025, a 13% decrease year-on-year, but a cumulative revenue of 200 million yuan for the first three quarters, representing a 49% increase year-on-year [3] 3. **Cost Management**: The revenue and profit growth were attributed to an increase in orders and cost reduction measures, including refined management to lower capital costs and improve operational efficiency [2][3] 4. **Green Methanol Project**: The company is leading a pilot project for green methanol production, utilizing local wet waste and biomass resources, with the project expected to start material input next month [2][5] 5. **Production Cost**: The estimated production cost for green methanol at a scale of 100,000 tons is around 3,500 yuan per ton, with half of the cost attributed to raw materials like biogas [4][7][11] 6. **Sustainability Certification**: 富杰环保 has completed the ICC certification for raw materials and is in the process of obtaining production certification, expected to be completed in two to three months [8][9] 7. **Carbon Emission Advantage**: The company has achieved near-zero emissions through optimized processes that utilize carbon dioxide fully, with a production base located near ports to minimize transportation costs and emissions [10][22] 8. **Market Demand**: Shanghai plans to establish a million-ton capacity for green methanol by 2030, with local wet waste capable of producing approximately 400,000 tons of green methanol annually [20][21] 9. **Competitive Landscape**: Competitors like 上海申能 (Shanghai Sheneng) have a higher production cost of around 6,000 yuan per ton, indicating a competitive edge for 富杰环保 [19] 10. **Future Plans**: The company aims to start the design for the 100,000-ton industrialization project in 2026, contingent on technology maturity and government approvals [6][24] 11. **Investment and Cash Flow**: The pilot project has an investment exceeding 100 million yuan, with sufficient cash flow to support future investments in the 100,000-ton project [18] 12. **Policy Support**: While Shanghai has not yet implemented specific subsidies for green fuel, there is an expectation of supportive policies in the future to promote green shipping [23] Additional Important Information - **Raw Material Pricing**: The cost of biogas is calculated at 2 yuan per cubic meter, based on natural gas market prices [12] - **Production Efficiency**: One ton of wet waste can produce 100 cubic meters of biogas, which can be converted into 0.125 tons of green methanol [14] - **Commercialization Timeline**: The company plans to achieve commercialization by 2026, with potential future agreements with shipping companies [15] - **Traditional Business Outlook**: The traditional business segment is expected to maintain revenue between 300 million to 500 million yuan in the coming years, despite recent challenges [16][17]

Core Insights - The stock price of Fuzhijie Environmental Protection has increased by 153.64% year-to-date, with a recent decline of 0.33% over the last five trading days and a 28.00% drop over the last 20 days [1] - The company reported a revenue of 201 million yuan for the first nine months of 2025, representing a year-on-year growth of 49.84%, and a net profit of 2.43 million yuan, up 115.94% year-on-year [2] - Fuzhijie Environmental Protection has a market capitalization of 3.09 billion yuan and a trading volume of 27.42 million yuan as of November 7 [1] Company Overview - Fuzhijie Environmental Protection, established on November 18, 2011, and listed on August 17, 2020, specializes in providing sludge dewatering, drying, and waste gas purification technology and services for urban and industrial wastewater treatment plants [2] - The company's revenue composition includes high-end solid-liquid separation equipment (78.74%), spare parts and maintenance (12.12%), waste gas purification technology (3.94%), operational services (2.95%), dual-carbon comprehensive services (1.54%), and energy-saving and carbon-reduction technology equipment sales and services (0.71%) [2] - As of September 30, the number of shareholders increased by 49.32% to 6,437, while the average circulating shares per person decreased by 33.03% to 22,997 shares [2] Dividend Information - Fuzhijie Environmental Protection has distributed a total of 162 million yuan in dividends since its A-share listing, with 119 million yuan distributed over the past three years [3]

Core Insights - The environmental governance sector saw a rise of 0.39% on November 4, with Fulongma leading the gains [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Environmental Governance Sector Performance - Fulongma (603686) closed at 33.47, up 9.99% with a trading volume of 1.2548 million shares and a transaction value of 3.966 billion [1] - Haitan Co. (603759) closed at 12.91, up 9.97% with a trading volume of 458,200 shares and a transaction value of 569 million [1] - Haixia Environmental Protection (603817) closed at 7.63, up 9.94% with a trading volume of 576,100 shares and a transaction value of 421 million [1] - Other notable performers include Zhongchuang Environmental Protection (300056) up 4.55%, Feima International (002210) up 4.04%, and KJY (301372) up 3.33% [1] Fund Flow Analysis - The environmental governance sector experienced a net inflow of 53.7219 million from institutional investors, while retail investors saw a net inflow of 183 million [2] - The sector faced a net outflow of 236 million from speculative funds [2] Individual Stock Fund Flow - Fulongma had a net inflow of 475 million from institutional investors, while it faced a net outflow of 272 million from speculative funds [3] - Haixia Environmental Protection saw a net inflow of 94.4685 million from institutional investors, with a net outflow of 38.4562 million from speculative funds [3] - Huicheng Environmental Protection (300779) had a net inflow of 70.1025 million from institutional investors, but a significant net outflow of 91.4059 million from retail investors [3]

Core Viewpoint - The company, Fuzhi Environmental Protection, is a leading enterprise in the field of sludge dewatering, drying, and waste gas purification technology in China, with a comprehensive service capability across the entire industry chain [1] Group 1: Business Performance - For Q3 2025, Fuzhi Environmental Protection reported revenue of 201 million yuan, ranking 45th among 51 companies in the industry, significantly lower than the top performer, Shougang Environmental Protection, which had 13.453 billion yuan, and the industry average of 1.671 billion yuan [2] - The net profit for the same period was 1.4683 million yuan, placing the company 41st in the industry, again far behind the leading companies and below the industry average of 230 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 21.32%, an increase from 13.54% year-on-year, but still significantly lower than the industry average of 49.82%, indicating good debt repayment capability [3] - The gross profit margin for Q3 2025 was 25.61%, down from 30.06% year-on-year and below the industry average of 32.13%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - The chairman, Huang Wenjun, received a salary of 1.7 million yuan in 2024, a decrease of 540,000 yuan from 2023 [4] - The general manager, Qu Xianwei, had a salary of 1.3 million yuan in 2024, an increase of 20,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 49.32% to 6,437, while the average number of circulating A-shares held per account decreased by 33.03% to 23,000 [5]

Core Viewpoint - The company, Fujie Environmental (688335.SH), reported strong financial performance in Q3 2025, with revenue of 201 million yuan, a year-on-year increase of 49.84%, and a net profit of 2.425 million yuan, indicating a turnaround from losses [1][2]. Group 1: Financial Performance - The company achieved a net profit turnaround, with cash flow from operating activities turning positive, which is notable during the current deep adjustment period in the environmental industry [2]. - The gross profit margin improved to 25.61%, reflecting the company's strong growth resilience [1]. Group 2: Strategic Initiatives - The company is strategically positioned to capitalize on the "dual carbon" opportunities, focusing on integrated production, education, research, and application in the clean energy sector [2][3]. - Fujie Environmental has established three core business segments: high-end equipment manufacturing, comprehensive dual carbon services, and clean energy solutions, expanding its market reach beyond traditional water services to emerging industries such as petrochemicals and lithium battery materials [2]. Group 3: Research and Development - The company has formed a joint laboratory with East China University of Science and Technology to innovate in green fuels, including green methanol and sustainable aviation fuel [3]. - Fujie Environmental is leading a special research project on the key technology for the directional conversion of biogas to green methanol, collaborating with multiple organizations to advance this technology [4]. Group 4: Policy Environment - Recent policy developments, including the "14th Five-Year Plan," emphasize pollution reduction and clean energy development, which are expected to provide stable order sources for the company [5]. - The Ministry of Transport's initiatives to promote green shipping and the implementation of green trade policies are anticipated to further enhance the company's market opportunities [5]. Group 5: Market Outlook - The International Maritime Organization's approval of a net-zero emissions framework is projected to significantly increase the demand for low-carbon fuels like green methanol, with forecasts suggesting a market demand of over 30 million tons by 2030 [6]. - The company aims to transform urban environmental infrastructure into energy resource factories capable of efficiently producing green methanol and hydrogen, aligning with its strategic focus on energy resource conversion and dual carbon services [6][7].

证券代码：688335 证券简称：复洁环保 公告编号：2025-056 上海复洁科技股份有限公司 关于召开2025年第三季度业绩说明会的公告 本次业绩说明会以网络互动方式召开，公司将针对2025年第三季度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就 投资者普遍关注的问题进行回答。 会议召开时间：2025年11月17日（星期一）13:00-14:00 会议召开地点：上海证券交易所 上证路演中心 二、业绩说明会召开的时间、地点 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： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年11月10日（星期一）至11月14日（星期五）16:00前登 录上证路演中心网站首页点击"提问预征集"栏目或通过上海复洁科技股份有限 公司投资者关系邮箱ir@ceo.sh.cn进行提问。公司将在本次业绩说明会上对投资 者普遍关注的问题进行回答。 上海复洁科技股份有限公司（以下简 ...

证券代码：688335 证券简称：复洁环保 公告编号：2025-054 上海复洁科技股份有限公司 关于修订公司治理制度的公告 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。 上海复洁科技股份有限公司（以下简称"公司"）于2025年10月29日召开第四 届董事会第十一次会议，审议通过了《关于修订公司治理制度的议案》，该议案无 需提交公司股东会审议。 为进一步完善公司治理结构，规范公司各项事务，根据《中华人民共和国公司 法》《中华人民共和国证券法》《上海证券交易所科创板股票上市规则》《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》等有关法律法规、规 范性文件，及《上海复洁科技股份有限公司章程》的有关规定，结合公司实际情况， 公司对内部治理制度进行了系统性的梳理，修订了内部治理制度，现将具体情况公 告如下： | 序 | 制度名称 | 形式 | 是否需要提交 | | --- | --- | --- | --- | | 号 | | | 股东会审议 | | 1 | 《信息披露管理制度》 | 修订 | 否 | | 2 | ...

证券代码：688335 证券简称：复洁环保 公告编号：2025-055 上海复洁科技股份有限公司 关于2025年前三季度计提及转回资产减值准备 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。 一、本次计提及转回资产减值准备的情况概述 上海复洁科技股份有限公司（以下简称"公司"）根据《企业会计准则》以 及公司会计政策、会计估计的相关规定，为了客观、公允地反映公司截至2025年 9月30日的财务状况及2025年前三季度的经营成果，本着谨慎性原则，公司对截 至2025年9月30日公司及下属子公司的资产进行了减值测试，对可能发生资产减 值损失的相关资产计提了减值准备。公司已于2025年第一季度转回信用减值准 备和资产减值准备共计884.86万元，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2025年第一季度转回资产减值准备的 公告》（公告编号：2025-027），本次计提及转回的资产减值准备金额涵盖一 季度转回的资产减值准备。 2025年前三季度，公司各项资产转回的减值准 ...