Core Viewpoint - The company Meiyai (China) Environmental Technology Co., Ltd. is a leading player in the air purification and atmospheric environment governance sector, with a focus on semiconductor cleanroom equipment and air purification products. Group 1: Company Overview - Meiyai specializes in the research, production, and sales of air purification products and atmospheric environment governance products, with its main products including fan filter units, filters, and air purification equipment [3][7]. - The company was awarded the national-level "specialized and innovative" title of "little giant" at the end of 2021, establishing itself as a leader in the domestic semiconductor cleanroom equipment market [3][7]. - As of September 30, 2025, Meiyai achieved a revenue of 1.486 billion yuan, representing a year-on-year growth of 23.64%, while the net profit attributable to the parent company was 141 million yuan, a decrease of 5.17% year-on-year [7][8]. Group 2: Market Position and Products - The company has been a long-term supplier of FFU, high-efficiency/ultra-high-efficiency filters, and chemical filters to SMIC, ensuring the air cleanliness requirements for SMIC's advanced product lines, including the 14nm and 28nm processes [2]. - Meiyai has developed the first domestic 28nm lithography equipment process, providing the necessary clean environment with the highest international cleanliness standards (ISO Class 1) [2]. - The company's air purification devices are capable of efficiently removing PM2.5 and microorganisms, as well as effectively decomposing formaldehyde and VOCs [3]. Group 3: Financial and Stock Performance - On February 3, the stock price of Meiyai increased by 5.06%, with a trading volume of 266 million yuan and a turnover rate of 3.00%, bringing the total market capitalization to 8.906 billion yuan [1]. - The average trading cost of the stock is 64.60 yuan, with recent rapid outflows of shares, suggesting a potential need for portfolio adjustment [6]. - The stock is approaching a resistance level of 67.70 yuan, indicating a cautionary stance against potential pullbacks unless this level is broken [6].

证券之星消息，2月2日环保设备板块较上一交易日下跌2.91%，美埃科技领跌。当日上证指数报收于 4015.75，下跌2.48%。深证成指报收于13824.35，下跌2.69%。环保设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603126 | 中材节能 | 7.72 | 5.03% | 41.07万 | | 3.15亿 | | 001336 | 楚环科技 | 27.20 | 1.57% | 3.45万 | | 9425.57万 | | 603324 | 盛剑科技 | 26.33 | 0.46% | 3.44万 | | 9262.75万 | | 688671 | 碧兴物联 | 23.89 | 0.04% | 1.14万 | | 2763.48万 | | 300105 | 龙源技术 | 7.31 | -0.27% | 10.88万 | | 8052.07万 | | 600526 | 菲达环保 | 5.66 | -0.53% | 20.39万 | | 1.1 ...

Market Overview - On January 30, the environmental equipment sector rose by 0.09% compared to the previous trading day, with Hengyu Environmental leading the gains [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Hengying Environmental (688309) closed at 31.60, up 12.06% with a trading volume of 58,100 shares and a transaction value of 175 million yuan [1] - Other notable performers included Meiyu Technology (688376) with a closing price of 69.02, up 2.77%, and Lihua Technology (300800) at 12.69, up 2.59% [1] - The table of stock performance shows various companies in the environmental equipment sector with their respective closing prices, percentage changes, trading volumes, and transaction values [1] Capital Flow - The environmental equipment sector experienced a net outflow of 124 million yuan from institutional investors, while retail investors saw a net inflow of 151 million yuan [2] - The capital flow table indicates the net inflow and outflow for various stocks within the sector, highlighting the dynamics between institutional and retail investors [2][3] Individual Stock Analysis - Yinfeng Environment (000967) had a net inflow of 28.08 million yuan from institutional investors, while Hengying Environmental (688309) saw a net inflow of 18.60 million yuan [3] - Conversely, Huahong Technology (002645) faced a significant decline of 10.00%, with a trading volume of 323,900 shares and a transaction value of 507 million yuan [2][3]

证券之星消息，1月29日环保设备板块较上一交易日下跌1.59%，美埃科技领跌。当日上证指数报收于 4157.98，上涨0.16%。深证成指报收于14300.08，下跌0.3%。环保设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600817 | 宇通車丁 | 12.63 | 7.40% | 17.64万 | | 2.18亿 | | 002645 | 华宏科技 | 17.30 | 4.28% | 58.23万 | | 9.94亿 | | 301081 | 严牌股份 | 11.81 | 2.70% | 7.52万 | | 8860.39万 | | 300631 | 久吾高科 | 30.69 | 0.85% | 7.99万 | | 2.48亿 | | 000820 | *ST节能 | 3.85 | 0.79% | 7.02万 | | 2708.79万 | | 688309 | 恒营环保 | 28.20 | 0.53% | 2.18万 | | 6183.85万 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000820 | *ST节能 | 3.83 | -4.96% | 8.02万 | 3088.64万 | | 920145 | 恒合股份 | 18.79 | -2.79% | 1.29万 | 2402.12万 | | 002658 | 雪迪龙 | 10.19 | -2.39% | 31.42万 | 3.18亿 | | 300631 | 久吾高科 | 30.70 | -1.92% | - 3.38万 | 1.03亿 | | 300203 | 聚光科技 | 16.16 | -1.58% | 10.07万 | 1.61亿 | | 300105 | 龙源技术 | 7.54 | -1.44% | 10.61万 | 7931.77万 | | 603126 | 中材节能 | 7.32 | -1.21% | 10.82万 | 7890.36万 | | 603282 | 亚米股份 | 21.63 | -1.19% | 3.07万 | 6570.09万 | | 3010 ...

Group 1 - On January 26, Meiye Technology's stock fell by 3.38%, with a trading volume of 241 million yuan [1] - The financing data shows that on the same day, Meiye Technology had a financing purchase amount of 33.22 million yuan and a financing repayment of 39.55 million yuan, resulting in a net financing outflow of 6.33 million yuan [1] - As of January 26, the total balance of margin trading for Meiye Technology was 166.7 million yuan, which accounts for 1.72% of its circulating market value, indicating a high level compared to the past year [1] Group 2 - As of September 30, Meiye Technology had 5,817 shareholders, an increase of 36.07% from the previous period, while the average circulating shares per person decreased by 26.51% to 8,764 shares [2] - For the period from January to September 2025, Meiye Technology achieved an operating income of 1.486 billion yuan, representing a year-on-year growth of 23.64%, while the net profit attributable to shareholders decreased by 5.17% to 141 million yuan [2] - Since its A-share listing, Meiye Technology has distributed a total of 80.64 million yuan in dividends [2]

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 lithography machine sector experienced a decline of 0.79%, with significant losses in companies such as Meike Technology, Chipone Microelectronics, and Kema Technology, while some companies like Tengjing Technology, Su Da Weige, and Dazhu Laser saw gains of 20.00%, 3.54%, and 3.48% respectively [1][2]. Group 1: Market Performance - The lithography machine concept ranked among the top decliners in the market, with a drop of 0.79% [1][2]. - The sector saw a net outflow of 1.017 billion yuan, with 36 stocks experiencing net outflows, and 7 stocks exceeding 100 million yuan in outflows [2]. - Zhangjiang Hi-Tech led the outflows with a net outflow of 261 million yuan, followed by Xinlai Materials and Jingfang Technology with outflows of 235 million yuan and 207 million yuan respectively [2]. Group 2: Individual Stock Performance - Tengjing Technology led the gainers in the lithography machine sector with a rise of 20.00%, followed by Su Da Weige and Dazhu Laser with increases of 3.54% and 3.48% respectively [1][5]. - The top decliners included Kema Technology with a drop of 5.31%, Chipone Microelectronics down 5.45%, and Meike Technology down 7.16% [3][4]. - The trading volume for Zhangjiang Hi-Tech was 2.53%, while Kema Technology had a turnover rate of 8.20% [3][4].

Core Viewpoint - The announcement details the first vesting results and stock listing of the 2024 Restricted Stock Incentive Plan by Meiyu (China) Environmental Technology Co., Ltd, including the issuance of 25,894 shares for employee incentives, effective January 27, 2026 [2][4][12]. Group 1: Stock Listing and Incentive Plan Details - The stock type listed is for equity incentive shares, with a total of 25,894 shares available for trading [2][3]. - The stock listing date is set for January 27, 2026, following the completion of the first vesting period of the incentive plan [4][12]. - The company has completed the registration of shares for the first vesting period of the 2024 Restricted Stock Incentive Plan [4][14]. Group 2: Decision-Making and Approval Process - The decision-making process for the incentive plan involved multiple meetings of the board and supervisory committee, with approvals for the plan and its management methods [5][6][7]. - The company conducted an internal announcement of the incentive recipients from August 27 to September 5, 2024, with no objections received during the public notice period [5][6]. - The plan was approved in a shareholder meeting on September 12, 2024, and subsequent meetings confirmed the list of recipients and the stock grant [6][7]. Group 3: Vesting and Shareholder Impact - A total of 13 individuals are confirmed as recipients of the vested shares [10]. - The total number of shares after the vesting will increase the company's total share capital from 135,226,050 shares to 135,251,944 shares, without changing the controlling shareholder [13]. - The impact on the company's financials is minimal, with the newly vested shares representing approximately 0.0191% of the total shares, leading to a slight dilution of earnings per share [14].

证券日报网讯 1月20日，美埃科技发布公告称，根据中国证券监督管理委员会、上海证券交易所、中国 证券登记结算有限责任公司上海分公司相关业务规定，公司于近日收到中国证券登记结算有限责任公司 上海分公司出具的《证券变更登记证明》，公司已完成 2024 年限制性股票激励计划第一次预留授予部 分第一个归属期的股份登记工作。 （编辑 楚丽君） ...