| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600388 | 龙净坏保 | 15.40 | -2.59% | 24.64万 | 3.82亿 | | 688501 | 青达环保 | 27.90 | -1.13% | 1.48万 | 4112.10万 | | 300203 | 聚光科技 | 15.36 | -1.09% | 4.75万 | 7285.79万 | | 000820 | *ST节能 | 3.47 | -0.29% | 1 9.45万 | 3294.73万 | | 688376 | 美埃科技 | 44.43 | 0.00% | 7515.62 | 3334.27万 | | 920145 | 恒合股份 | 23.57 | 0.04% | 4883.89 | 1142.46万 | | 301030 | 仕浄科技 | 14.11 | 0.07% | 2.41万 | 3382.77万 | | 002658 | 雪迪龙 | 8.37 | 0.12% | 10.91万 | 9107.62万 | | ...

证券代码：688501 证券简称：青达环保 公告编号：2025-048 青岛达能环保设备股份有限公司 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： 会议召开时间：2025 年 12 月 5 日(星期五)上午 10:00-11:00 会议召开方式：网络文字互动 投资者可于 2025 年 12 月 4 日(星期四) 16:00 前登录上证路演中心网站 首页，点击"提问预征集"栏目或通过公司邮箱 zqb@daneng.cc 进行提问。公司 将在说明会上对投资者普遍关注的问题进行回答。 青岛达能环保设备股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 12 月 5 日上午 10:00-11:00 举办 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络文字互动形 ...

Core Viewpoint - Qingda Environmental Protection experienced a decline of 4.21% in stock price on November 21, with a trading volume of 58.82 million yuan, indicating potential market volatility and investor sentiment concerns [1] Financing Summary - On November 21, Qingda Environmental Protection had a financing buy amount of 5.46 million yuan and a financing repayment of 6.51 million yuan, resulting in a net financing buy of -1.05 million yuan [1] - The total financing and securities lending balance as of November 21 is 237 million yuan, which accounts for 6.93% of the circulating market value, indicating a high level of financing activity compared to the past year [1] - The company had no securities lending activity on November 21, with a lending balance of 0 shares, suggesting a lack of short-selling interest [1] Business Performance - As of September 30, Qingda Environmental Protection reported a total revenue of 1.47 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 91.13% [2] - The net profit attributable to shareholders for the same period was 124 million yuan, showing a significant increase of 267.14% year-on-year [2] Shareholder Information - As of September 30, the number of shareholders for Qingda Environmental Protection increased to 4,404, a rise of 0.87% from the previous period [2] - The average circulating shares per shareholder is 28,207, which is a slight increase of 0.07% [2] - The company has distributed a total of 83.12 million yuan in dividends since its A-share listing, with 66.08 million yuan distributed over the past three years [3]

Investment Rating - The report maintains an "Accumulate" rating for the electricity sector [5] Core Insights - In October, the national electricity consumption increased by 10.4% year-on-year, with a cumulative electricity consumption of 86,246 billion kWh from January to October, representing a 5.1% year-on-year growth [1][10] - The first industry saw a significant increase in electricity demand, with a monthly growth rate of 13.2% in October, while the second industry improved to a 6.2% year-on-year growth in the same month [2][16] - The third industry experienced a notable increase in electricity consumption, with a monthly growth rate of 17.1% in October, driven by rapid growth in the charging and information technology service sectors [2][12] - Residential electricity consumption surged to a monthly growth rate of 23.9% in October, influenced by cold weather [2][12] Summary by Sections Electricity Consumption - In October, the total electricity consumption reached 8,572 billion kWh, marking a 10.4% increase year-on-year [1][10] - From January to October, the cumulative electricity consumption was 86,246 billion kWh, with the industrial electricity generation amounting to 80,625 billion kWh [1][10] Electricity Generation - In October, the industrial electricity generation was 8,002 billion kWh, reflecting a year-on-year growth of 7.9% [2][27] - The report highlights a shift in electricity generation types, with industrial thermal power increasing by 7.3% in October, while hydroelectric and solar power growth rates slowed down [3][32] Investment Recommendations - The report emphasizes the importance of developing renewable energy and suggests focusing on green electricity operators with advantageous resource locations and low financing costs [4][50] - Specific companies recommended for investment include Huaneng International, Huadian International, and China Nuclear Power, among others [4][50]

Market Overview - The environmental equipment sector experienced a decline of 0.93% on November 19, with Yaguang Co. leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, down 0.0% [1] Stock Performance - Notable gainers in the environmental equipment sector included: - *ST Qingyan: closed at 18.30, up 6.33% with a trading volume of 24,200 shares [1] - Qinda Environmental: closed at 28.82, up 6.11% with a trading volume of 38,700 shares [1] - Jiuwu High-Tech: closed at 31.73, up 4.79% with a trading volume of 113,500 shares [1] - Major decliners included: - Yaguang Co.: closed at 20.18, down 4.63% with a trading volume of 49,000 shares [2] - Bixing Wulian: closed at 23.24, down 4.32% with a trading volume of 8,642 shares [2] - Farsen: closed at 4.61, down 3.96% with a trading volume of 157,300 shares [2] Capital Flow - The environmental equipment sector saw a net outflow of 138 million yuan from institutional investors, while retail investors experienced a net inflow of 96.75 million yuan [2] - Key stocks with significant capital flow included: - Guolin Technology: net inflow of 24.95 million yuan from institutional investors [3] - Jiuwu High-Tech: net inflow of 15.65 million yuan from institutional investors [3] - Qinda Environmental: net inflow of 450,890 yuan from institutional investors [3]

数据显示，兴证全球基金旗下1只基金位居青达环保十大流通股东。兴全合远两年持有混合A （011338）三季度新进十大流通股东，持有股数169.03万股，占流通股的比例为1.36%。根据测算，今 日浮盈赚取约277.21万元。 兴全合远两年持有混合A（011338）成立日期2021年4月27日，最新规模18.68亿。今年以来收益 22.17%，同类排名3715/8138；近一年收益23.11%，同类排名3587/8055；成立以来亏损12.43%。 11月19日，青达环保涨6.04%，截至发稿，报28.80元/股，成交6537.05万元，换手率1.89%，总市值 35.78亿元。 资料显示，青岛达能环保设备股份有限公司位于山东省青岛市胶州市胶北办事处工业园达能路3号，成 立日期2006年10月9日，上市日期2021年7月16日，公司主营业务涉及节能降耗、环保减排设备的设计、 制造和销售。主营业务收入构成为：光伏项目41.34%，干式除渣系统20.52%，低温烟气余热深度回收 系统17.26%，全负荷脱硝工程10.62%，湿式除渣系统8.12%，其他1.92%，其他(补充)0.12%，脱硫废水 零排放系统0.10% ...

Core Insights - The environmental equipment sector saw an increase of 0.97% on November 17, with *ST节能 leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance Summary - *ST节能 closed at 3.68, up 5.14% with a trading volume of 182,400 shares and a transaction value of 66.35 million [1] - 菲达环保 closed at 5.90, up 3.51% with a trading volume of 272,200 shares and a transaction value of 160 million [1] - 碧兴物联 closed at 24.97, up 3.40% with a trading volume of 16,700 shares and a transaction value of 40.93 million [1] - 久吾高科 closed at 30.91, up 2.83% with a trading volume of 44,300 shares and a transaction value of 136 million [1] - 青达环保 closed at 26.95, up 1.85% with a trading volume of 14,500 shares and a transaction value of 38.93 million [1] - 华宏科技 closed at 15.61, up 1.50% with a trading volume of 150,800 shares and a transaction value of 235 million [1] - 龙源技术 closed at 8.26, up 1.35% with a trading volume of 129,600 shares and a transaction value of 106 million [1] - 国林科技 closed at 16.46, up 1.23% with a trading volume of 56,300 shares and a transaction value of 92.62 million [1] - 龙净环保 closed at 16.10, up 1.13% with a trading volume of 147,700 shares and a transaction value of 236 million [1] - 楚杯科技 closed at 26.55, up 0.87% with a trading volume of 10,600 shares and a transaction value of 28.08 million [1] Fund Flow Analysis - The environmental equipment sector experienced a net outflow of 71.62 million from institutional investors, while retail investors saw a net inflow of 40.04 million [2] - 游资资金 (speculative funds) had a net inflow of 31.58 million [2] Individual Stock Fund Flow - 菲达环保 had a net inflow of 16.74 million from institutional investors, while retail investors experienced a net outflow of 18.48 million [3] - 盈峰环境 saw a net inflow of 9.32 million from institutional investors, but a net outflow of 9.28 million from speculative funds [3] - 美埃科技 had a net inflow of 2.81 million from institutional investors and a net inflow of 2.06 million from speculative funds [3] - 碧兴物联 experienced a net inflow of 2.50 million from institutional investors, but a net outflow of 6.58 million from retail investors [3] - 龙源技术 had a net inflow of 1.17 million from institutional investors, while retail investors saw a net outflow of 6.98 million [3]

Group 1 - The core viewpoint of the news is that Qingda Environmental Protection has shown significant financial growth, with a notable increase in revenue and net profit for the first nine months of 2025 [2] - As of November 14, Qingda Environmental Protection's financing balance reached 227 million yuan, accounting for 6.92% of its market capitalization, indicating a high level of financing activity [1] - The company reported a revenue of 1.47 billion yuan for the period from January to September 2025, representing a year-on-year growth of 91.13% [2] Group 2 - The company has distributed a total of 83.12 million yuan in dividends since its A-share listing, with 66.08 million yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased to 4,404, reflecting a 0.87% rise compared to the previous period [2] - The top ten circulating shareholders include a new entrant, Xingquan Huan Yuan Two-Year Holding Mixed A, holding 1.69 million shares, while Huaxia Stable Growth Mixed has exited the top ten [3]

Investment Rating - The industry investment rating is maintained at "Overweight" [4] Core Insights - The release of the 1360 document clarifies the development goals for renewable energy, focusing on the consumption and regulation of renewable energy. It emphasizes the importance of high-quality green electricity operators with advantageous resource locations, high project development efficiency, and low financing costs, particularly highlighting the relative advantages of offshore wind energy. Additionally, it recommends attention to flexible regulation resources such as thermal power, energy storage, and virtual power plants [3][7][12] Summary by Sections Industry Overview - The report reviews the market performance from November 10 to November 14, with the Shanghai Composite Index closing at 3,990.49 points, down 0.18%, and the CSI 300 Index at 4,628.14 points, down 1.08%. The CITIC Power and Utilities Index closed at 3,225.64 points, down 0.57%, outperforming the CSI 300 Index by 0.51 percentage points [1][56] New Policies and Guidelines - The National Energy Administration issued two guiding opinions on November 7 and November 12, focusing on the integration of coal and renewable energy and promoting the integrated development of renewable energy. These guidelines aim to enhance market mechanisms and price systems to accommodate the volatility of renewable energy output, stabilize long-term consumption space, and encourage the development of green certificate markets [3][12][13] Market Dynamics - The report notes that during the "14th Five-Year Plan" period, the installed capacity of renewable energy in China has historically surpassed that of thermal power, marking a significant change in the energy structure. By 2030, the goal is to achieve reasonable consumption of 200 million kilowatts of renewable energy annually [3][13] Key Investment Opportunities - The report recommends focusing on companies with strong positions in green electricity, particularly those involved in offshore wind energy. It also suggests looking into flexible thermal power resources and energy storage solutions. Specific companies highlighted include Huaneng International, Huadian International, and Longyuan Power [7][8][12] Carbon Market Insights - The national carbon market saw a price increase of 4.12% over the week, with a trading volume of 16.775 million tons and a total transaction value of 1.008 billion yuan. The closing price on the last trading day was 60.17 yuan per ton [52][55] Company Performance - The report includes a table of key stocks with ratings, such as Zhejiang Energy Power and Huadian Power, all rated as "Buy" with projected earnings per share (EPS) and price-to-earnings (PE) ratios for the coming years [8]

Investment Rating - The investment rating for the utility sector is "Positive" [2] Core Insights - The report highlights the release of the "Guiding Opinions on Promoting the Integrated Development of New Energy," aiming to enhance the reliability and market competitiveness of new energy by 2030 [5] - In October, the industrial natural gas output reached 22.1 billion cubic meters, marking a year-on-year increase of 5.9% [5] - The report indicates a potential for profit improvement and value reassessment in the power sector due to previous supply-demand tensions [5] Market Performance - As of November 14, the utility sector declined by 0.6%, underperforming the broader market, with the power sector down by 1.13% and the gas sector up by 4.48% [4][12] - The report notes that the coal prices have increased, with Qinhuangdao port coal prices at 827 RMB/ton, a week-on-week increase of 19 RMB/ton [4][22] Power Industry Data Tracking - The report tracks various metrics, including coal prices, inventory levels, and daily consumption rates, indicating a decrease in coal inventory at Qinhuangdao port to 5.5 million tons, down by 270,000 tons week-on-week [4][29] - The average daily consumption of coal in inland provinces increased to 3.364 million tons, up by 123,000 tons/day week-on-week [31] Natural Gas Industry Data Tracking - Domestic natural gas production in October was 22.1 billion cubic meters, a year-on-year increase of 6.0% [5] - The report notes that the average LNG ex-factory price in China was 4,357 RMB/ton, a decrease of 3.35% year-on-year [57] - The EU's natural gas supply for week 44 was 6.5 billion cubic meters, a year-on-year increase of 14.4% [64] Investment Recommendations - For the power sector, the report suggests focusing on leading coal power companies such as Guodian Power and Huaneng International, as well as hydropower operators like China Yangtze Power [5] - In the natural gas sector, companies with low-cost long-term gas sources and receiving station assets are expected to benefit from market conditions [5]