Group 1 - The core viewpoint of the news is that YuXiu Asset Management has conducted research on a listed company, Jinko Environment, highlighting its new product, New Water Island, which shows significant advantages in data services and is recognized for its data integrity and depth [1] - Jinko Environment has partnered with Kunheng International to issue RW business based on the New Water Island product, enhancing asset market value [1] - The New Water Island product has been implemented in projects in Taiyuan and Zhoushan, applicable to various scenarios such as industrial, park, and urban seawater desalination, providing high-quality water supply [1] Group 2 - The downstream customers of Jinko Environment include emerging industries such as PCB and photovoltaic, as well as civilian industries like chemical fiber and dyeing [1] - Future research and development plans for Jinko Environment encompass five major directions: standardized mass production, efficiency upgrades, and breakthroughs in seawater desalination scenarios [1] Group 3 - YuXiu Capital, established in January 2015, is a private equity fund management institution focusing on private securities investment [2] - The company operates on a partnership basis with limited liability, aiming to maximize team vitality and provide multi-strategy, high-quality asset management solutions for clients [2]

Group 1: Su Shi Testing - The company has maintained a positive trend in demand for testing equipment and services in the first half of the year, achieving performance growth through enhanced market promotion, customer management, and accelerated project implementation [1] - The company remains optimistic about the second half of the year, focusing on emerging industries and resource integration [1] - Gross margin has declined due to intensified market competition and cost pressures, with plans to address this through technological innovation and refined management [1] - The integrated circuit sector is in a capacity ramp-up phase, with gross margins affected by competition and costs, and future efforts will focus on market promotion and capacity expansion [1] - Progress has been made in the development of vacuum testing equipment, with potential for further enhancement in aerospace business [1] - Variations in laboratory performance are primarily due to order structure and confirmation fluctuations, with a clear trend towards specialization, intensification, and scaling in the industry [1] - Demand for third-party testing institutions in the testing equipment sector is recovering, while special industry demand in testing services remains strong, although demand for new energy vehicles is slowing [1] - Capital expenditure will focus on emerging industries, strengthening technological reserves and testing service capabilities [1] Group 2: Jinko Environment - The new product "New Water Island" by the company has significant advantages in data services, recognized for its completeness and depth [2] - The company collaborates with Kunheng International to enhance asset market value through RW business based on the New Water Island product [2] - The New Water Island has been implemented in projects in Taiyuan, Zhoushan, and other locations, suitable for industrial, park, and urban seawater desalination scenarios, providing high-quality water supply [2] - Downstream clients include emerging industries such as PCB and photovoltaic, as well as civilian industries like chemical fiber and dyeing [2] - Future R&D plans encompass five major directions, including standardized mass production, high-efficiency upgrades, and breakthroughs in seawater desalination scenarios [2] Group 3: Company Overview - Xiamen Zhonglue Investment Management Co., Ltd. was established in 2009 with a registered capital of 10 million yuan, primarily engaged in securities investment management, consulting, and project investment [3] - The company has achieved asset preservation and appreciation through several years of investment operations, developing an effective investment management methodology and system [3] - Currently in a growth phase, the company is steadily expanding its managed asset scale and will focus more on asset safety and stable profitability as investment scale increases [3] - The company aims to enhance research capabilities and refine investment processes, striving for overall improvement through incremental gains [3] - The company is committed to maintaining long-term focus and patience in the market, seeking to achieve mutual benefits with investors through investment [3]

Core Viewpoint - The environmental governance sector experienced a decline of 0.73% on July 29, while the Shanghai Composite Index rose by 0.33% and the Shenzhen Component Index increased by 0.64% [1][3] Group 1: Market Performance - The closing price of the Shanghai Composite Index was 3609.71, and the Shenzhen Component Index closed at 11289.41 [1] - Key stocks in the environmental governance sector showed significant gains, with KJY (301372) leading at a 20.02% increase, closing at 29.62 [1] - Other notable performers included LYE (002887) with a 9.95% increase, closing at 9.39, and JGXF (300958) with a 5.75% increase, closing at 14.72 [1] Group 2: Trading Volume and Value - KJY (301372) had a trading volume of 119,100 shares and a transaction value of 340 million yuan [1] - LYE (002887) recorded a trading volume of 259,400 shares and a transaction value of 228 million yuan [1] - The total trading volume and value for the environmental governance sector were significant, indicating active market participation despite the overall sector decline [1] Group 3: Capital Flow - The environmental governance sector saw a net outflow of 483 million yuan from institutional investors, while retail investors contributed a net inflow of 287 million yuan [3] - Speculative funds recorded a net inflow of 195 million yuan into the sector, indicating mixed investor sentiment [3] - The overall capital flow dynamics suggest a divergence in investment strategies among different types of investors within the environmental governance sector [3]

Core Viewpoint - Jinko Environment Co., Ltd. focuses on deep water treatment and wastewater resource utilization, providing integrated lifecycle solutions through innovative engineering productization [1] Company Overview - Founded in 2004, Jinko Environment is a national high-tech enterprise specializing in water treatment and wastewater resource recovery [1] - The company has developed the Newater House® smart water treatment unit, which utilizes the WateRobot® AI system for modular design and manufacturing [1] - Jinko Environment has received multiple industry awards, recognizing its technological strength and contributions to national demonstration projects [1] Project Overview - The Tangshan Nanpu Economic Development Zone project aims to address water resource supply and demand conflicts by implementing a comprehensive wastewater resource utilization project [2] - This project serves as a benchmark for the "Blue Ecological Industrial Park" development in the region [2] Project Scale - The Tangshan Nanpu project has an annual production capacity of 87,000 tons of high-quality reclaimed water, with a significant portion supplied to chemical and thermal power enterprises [3] - The project achieves over 70% industrial wastewater reuse, equivalent to replacing 31.755 million tons of fresh water annually [3] Technical Features and Innovations - The project features a comprehensive resource utilization technology system, achieving industrial-grade reclaimed water quality and zero waste of pollutants [4] - The AI-driven WateRobot® system enhances operational efficiency and safety through advanced technologies such as deep learning and fault diagnosis [4] Benefits Analysis - Ecological benefits include the annual replacement of 31.755 million tons of industrial fresh water and a reduction of 952.65 tons of CO2 emissions [7] - Economic benefits are realized through reduced water costs for chemical and thermal power enterprises, enhancing production stability [7] - The project has received recognition as a benchmark for industrial water conservation and has been nominated for international awards, showcasing its value in sustainable development [7]

证券代码：688466 证券简称：金科环境 公告编号：2025-034 金科环境股份有限公司 股东询价转让结果报告书暨持股 5%以上股东权益变动 触及 5%整数倍的提示性公告 Victorious Joy Water Services Limited（以下简称"转让方"）保证向金科环境股 份有限公司（以下简称"金科环境"或"公司"）提供的信息内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。本 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示: 一、转让方情况 本次询价转让的价格为15.40元/股，转让的股票数量为6,000,000股。 公司控股股东、实际控制人、董事、监事及高级管理人员不参与本次询 价转让。 本次权益变动为股份减持。本次转让不会导致公司控股股东、实际控制 人发生变化。 本次权益变动后，转让方Victorious Joy Water Services Limited 持有公司股 份比例由12.9195%减少至8.0462%，持有公司权益比例变动触及 5%的整 数倍。 （一）转让方基本情况 本次询价转让的出让方 Vict ...

金科环境股份有限公司 简式权益变动报告书 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公 司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"准则 15 号"）及相关的法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购办法》及准则 15 号的规定，本报告书已全面披 露了信息披露义务人在金科环境股份有限公司中拥有权益的股份变动情况。 截至本报告书签署之日，除本报告书披露的持股信息外，信息披露义务人没 有通过任何其他方式增加或减少其在金科环境股份有限公司中拥有权益的股份。 四、本次权益变动是根据本报告所载明的资料进行的。信息披露义务人没有 委托或者授权其它任何人提供未在本报告书列载的信息和对本报告书做出任何 解释或者说明。 上市公司名称：金科环境股份有限公司 股票上市地点：上海证券交易所 股票简称：金科环境 股票代码：688466 信息披露义务人：Victorious J ...

中信证券股份有限公司 关于金科环境股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中信证券股份有限公司（以下简称"中信证券"或"组织券商"）受委托担任 Victorious Joy Water Services Limited（以下简称"转让方"）以向特定机构投资者询价转让（以下 简称"询价转让"）方式减持所持有的金科环境股份有限公司（以下简称"公司"或"金 科环境"）首次公开发行前已发行股份的组织券商。 经核查，中信证券就本次询价转让的股东、受让方是否符合《上海证券交易所科创 板上市公司自律监管指引第 4 号——询价转让和配售（2025 年 3 月修订）》（以下简 称"《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果是否公 平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让转让方 截至 2025 年 7 月 15 日，转让方所持公司首发前股份的数量及占公司总股本比例情 况如下： | 序号 | | 股东名称 | | | 持股数量（股） | | 持股比例 | | | --- | --- | --- | --- ...

Group 1 - Kinko Environment has signed a cooperation framework agreement with Kunheng International for the issuance of Real-World Assets (RWA) based on its New Water Island product, aiming to enhance the market value of water assets through digital circulation and efficient management [1] - Kinko Environment emphasizes that recycled water should be the primary resource for global water utilization, capable of providing over 70% of resources through recycling, with the remaining 30% supplemented by other water sources [4] - The New Water Island, equipped with the self-developed WateRobot AI, integrates three functions: wastewater recycling, water supply, and wastewater treatment, significantly reducing land use by 80% and delivery time by 80%, while lowering the lifecycle costs of water plants [4] Group 2 - Kunheng International highlights two main advantages of the New Water Island as a quality underlying asset for RWA issuance: its dual nature as a physical and digital twin asset ensures real-time transparency and verifiability of operational data, and its status as a sustainable infrastructure generates stable cash flow with predictable long-term operational returns [5] - Kunheng International is a specialized service provider focused on RWA project solutions, leveraging its expertise in asset digitization, financial product design, and global network resources to offer efficient technology financial services across various sectors [5] - The collaboration aims to activate asset liquidity and reduce transaction costs by utilizing Hong Kong's position as an international financial hub, transforming traditional assets into freely tradable digital tokens through blockchain technology, thereby broadening financing channels and attracting diverse global investors [6]

Victorious Joy Water Services Limited（以下简称"出让方"）保证向金科环境 股份有限公司（以下简称"金科环境"、"公司"）提供的信息内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法 律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：688466 证券简称：金科环境 公告编号：2025-033 金科环境股份有限公司 股东询价转让定价情况提示性公告 重要内容提示： 根据 2025 年 7 月 16 日询价申购情况，初步确定的本次询价转让价格为 15.40 元/股。 一、本次询价转让初步定价 1 （二）本次询价转让不涉及公司控制权变更，不会影响公司治理结构和持续 经营。 特此公告。 金科环境股份有限公司董事会 2025 年 7 月 17 日 2 二、风险提示 （一）本次询价转让受让方及受让股数仅为初步结果，尚存在拟转让股份被 司法冻结、扣划等风险。询价转让的最终结果以中国证券登记结算有限责任公司 上海分公司最终办理结果为准。 （一）经向机构投资者询价后，初步确定的转让价格为 15.40 元/股。 （二） ...

中信证券股份有限公司 关于金科环境股份有限公司股东 向特定机构投资者询价转让股份 相关资格的核查意见 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 1 中信证券股份有限公司（以下简称"中信证券"）受金科环境股份有限公司 （以下简称"金科环境"）股东 Victorious Joy Water Services Limited（以下简称 "出让方"）委托，组织实施本次金科环境首发前股东向特定机构投资者询价转 让（以下简称"本次询价转让"）。 根据《关于在上海证券交易所设立科创板并试点注册制的实施意见》《科创 板上市公司持续监管办法（试行）》《上海证券交易所科创板股票上市规则（2025 年 4 月修订）》《上海证券交易所科创板上市公司自律监管指引第 4 号——询价 转让和配售（2025 年 3 月修订）》（以下简称"《询价转让和配售指引》"）等 相关规定，中信证券对参与本次询价转让股东的相关资格进行核查，并出具本核 查意见。 一、本次询价转让的委托 中信证券收到出让方关于本次询价转让的委托，委托中信证券组织实施本次 询价转让。 二、关于参与本次询价转让股东相关资格的核查情况 （一）核查过程 根据相关法 ...