证券日报网12月16日讯中国天楹在12月15日至12月16日回答调研者提问时表示，新斩获的法国图卢兹市 米拉利尔区垃圾焚烧发电项目，公司作为关键设备供应商，主要提供焚烧炉与锅炉设计施工，合同总价 款达5600万欧元。该订单的取得不仅彰显了公司在环保装备制造领域的技术实力和集成能力，获得了欧 洲环保市场的高度认可，更标志着公司在深化国际化布局、提升全球品牌影响力方面迈出关键一步。通 过与国际环保行业领军企业苏伊士集团的深度合作，公司进一步巩固了在垃圾焚烧发电核心装备领域的 领先地位，增强了海外高端环保市场的拓展能力，为持续推动环保装备出口和海外EPC业务协同发展、 加速向综合环境服务商转型提供了有力支撑，也体现了公司以先进技术推动全球绿色发展的战略决心。 （文章来源：证券日报） ...

（编辑 姚尧） 证券日报网12月16日讯 中国天楹在12月15日至12月16日回答调研者提问时表示，公司始终坚持"环保 +新能源"双轮驱动战略。在环保主业方面，公司依托垃圾焚烧发电、城乡环卫服务和环保装备制造三 大核心业务，通过智慧化运营和工艺优化实现降本增效。同时，公司积极拓展热电联产、协同处置等新 业务模式，培育新的利润增长点。在海外市场，越南河内朔山生活垃圾焚烧发电项目作为公司海外业务 的关键战略落子及区域标杆，今年8月项目成功完成装机扩容，总容量从75MW提升至90MW并全面进 入商业运营。该项目是中国企业截至目前在海外投资的最大垃圾焚烧发电厂，其成功扩容显著提升了项 目的运营效能和盈利水平，巩固了公司在越南及东南亚市场的领先地位。此外，公司在越南清化省、富 寿省的项目也稳步推进中。关于增量目标的落实，在海外市场方面，公司积极拓展东南亚、欧洲等地区 市场，凭借技术优势和项目经验获取更多BOT及EPC项目订单；在项目能效提升方面，公司通过精细化 管理、智能化升级提升现有垃圾焚烧项目的处理效率和能源产出，并在此基础上探索新的业务模式，实 现商业模式创新与盈利结构优化，持续增强板块竞争力与增长动力。 ...

证券日报网12月16日讯中国天楹（000035）在12月15日至12月16日回答调研者提问时表示，公司已进行 前瞻性战略布局，致力于构建"风光发电—储能—制氢—氢基衍生物"的完整产业链。目前的核心是打造 氢基能源一体化项目，通过"绿电制绿氢、绿氢合成绿色氢基产品"的模式，解决新能源消纳难题，生产 高附加值的绿色燃料。具体项目计划包括：1.吉林辽源与黑龙江安达项目：这是公司首批落地建设的标 杆项目。以辽源项目为例，一期工程建设内容包括514.8MW上网风电、443MW离网风电、电解水制 氢、生物质余热利用以及装置规模为17万吨/年电制甲醇项目，公司计划于2026年二季度末具备绿色甲 醇生产能力，目前制氢厂房、储氢罐等正加紧施工，电解槽等设备已进场安装。安达项目紧随其后，进 程预计相差两个季度。2.长远产能规划：公司计划在2026年实现年产20万吨符合欧盟标准的电制甲醇产 能，并计划在2030年前后将这一规模提升至100万吨，同步投产多条氢基能源化工衍生品产线，全面覆 盖航运业绿色燃料需求。公司的产品已获得欧盟ISCC EU绿色认证，并与多家国内外领先企业合作锁定 终端应用场景。 ...

90MW 并全面进入商业运营。该项目是中国企业截至目前在海外投资的 最大垃圾焚烧发电厂，其成功扩容显著提升了项目的运营效能和盈利 水平，巩固了公司在越南及东南亚市场的领先地位。此外，公司在越 南清化省、富寿省的项目也稳步推进中。 关于增量目标的落实，在海外市场方面，公司紧跟"一带一路" 倡议，积极拓展东南亚、欧洲等地区市场，凭借技术优势和项目经验 获取更多 BOT 及 EPC 项目订单；在项目能效提升方面，公司通过精细 化管理、智能化升级提升现有垃圾焚烧项目的处理效率和能源产出， 并在此基础上探索新的业务模式，实现商业模式创新与盈利结构优化， 持续增强板块竞争力与增长动力。 2）公司近期签署的 5600 万欧元法国项目合同具备怎么样的战略 意义？ 答：新斩获的法国图卢兹市米拉利尔区垃圾焚烧发电项目，公司 作为关键设备供应商，主要提供焚烧炉与锅炉设计施工，合同总价款 达 5600 万欧元。该订单的取得不仅彰显了公司在环保装备制造领域的 技术实力和集成能力，获得了欧洲环保市场的高度认可，更标志着公 司在深化国际化布局、提升全球品牌影响力方面迈出关键一步。 通过与国际环保行业领军企业苏伊士集团的深度合作，公司进一 ...

每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ 截至发稿，中国天楹市值为137亿元。 每经AI快讯，中国天楹（SZ 000035，收盘价：5.72元）12月16日晚间发布公告称，截至本公告披露 日，公司担保皆系其为全资子公司、控股子公司向相关机构申请贷款而提供的担保，没有其他对外担 保，公司实际累计对子公司担保总额为122.82亿元，占公司最近一期经审计净资产的比例为112.34%。 2025年1至6月份，中国天楹的营业收入构成为：垃圾焚烧及售电占比50.98%，其他占比21.61%，城市 环境服务占比19.85%，提供建造服务占比7.56%。 （记者 曾健辉） ...

关于为子公司提供担保的公告 本公司及董事会全体成员保证本公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 一、公司内部担保额度调剂情况 中国天楹股份有限公司（以下简称"中国天楹"或"公司"）分别于 2025 年 4 月 27 日、2025 年 6 月 10 日召开第九届董事会第十一次会议和 2024 年年度 股东大会，审议并通过了《关于 2025 年度为子公司提供担保额度的议案》，同意 公司 2025 年度在现有担保总额的基础上，再提供不超过人民币 170.10 亿元的新 增担保额度，包括但不限于公司与控股子公司之间、各控股子公司之间及为参股 子公司提供的担保。 中国天楹股份有限公司 证券代码：000035 证券简称：中国天楹 公告编号：TY2025-52 | 公司 | 辽源天楹制氢 | 0 | 0 | 12,800.00 | 12,800.00 | | --- | --- | --- | --- | --- | --- | | | 扬州扬楹 | 0 | 0 | 2,000.00 | 2,000.00 | 上述担保额度调整系公司股东大会批准与授权范围内事项，已获得公司董事 长审批同意，无需再 ...

海安天楹 中国天楹："环保+新能源"双轮驱动 ◎记者 操子怡 中控大屏上各项目运行参数实时滚动，厂区水池的回用水中，鱼苗穿梭其间。走进位于南通市海安市的 中国天楹总部园区内，与传统印象中的"环保工厂"不同，这里更像一座集能源运营与技术协同于一体的 指挥中心。 在"双碳"目标和全球能源结构加速转型的背景下，中国天楹敏锐捕捉到行业变革带来的新机遇。"公司 战略已升级为'环保+新能源'双轮驱动，目标是成为国际一流的环保与氢基能源产品运营商。"中国天楹 董事、副总裁涂海洪说。 从垃圾焚烧到新能源 上述负责人表示，环保业务带来的稳定现金流，为高资本开支的新能源项目提供了坚实支撑，反过来， 新能源业务的成功商业化与规模化，将为公司打开新的业绩增长点和想象空间。 稳步拓展海外业务 2025年8月，中国天楹位于越南河内朔山的生活垃圾焚烧发电项目完成扩容，总装机容量由75兆瓦提升 至90兆瓦，并全面进入商业运营。该项目是中国企业在海外投资建设的最大垃圾焚烧发电厂之一，被视 为当地绿色发展的标志性工程。同时，公司在越南清化省、富寿省等地的新项目也在稳步推进。 越南市场是中国天楹海外布局的典型区域。近年来，公司稳步拓展海外业务。截 ...

Investment Ratings - The report maintains a "Buy" rating for both the power equipment and environmental protection sectors [1]. Core Views - The Central Economic Work Conference emphasizes the application of green electricity and promotes the development of hydrogen, ammonia, methanol, and energy storage, indicating a positive outlook for investment opportunities in green energy sectors in 2026 [3]. - Domestic energy storage saw significant growth in November, with newly installed capacity reaching 4.51GW/13.03GWh, reflecting a month-on-month increase of 57.14% in power and 74.66% in capacity [3][7]. - The report highlights the importance of hydrogen and green fuels as new growth points, with expectations for increased investment in these areas due to supportive policies and market conditions [4]. Summary by Sections Energy Storage - Domestic energy storage is experiencing a boom, with November's new installations showing a 45.95% year-on-year increase in power and a 49.6% increase in capacity [3][7]. - The report anticipates that independent energy storage tenders will maintain a good level in 2026, supported by a complete revenue model through energy markets and auxiliary services [3]. Hydrogen and Green Fuels - The report suggests that hydrogen and methanol will play a crucial role in the non-electric applications of green electricity, with significant investment expected in these areas [4]. - The development of zero-carbon parks and factories is also highlighted as a key initiative for 2026 [3]. Wind Power - The report notes that in 2024, onshore wind power installations are expected to reach 75.8GW, a year-on-year increase of 9.68%, while offshore wind installations are projected to be 4.0GW, a decrease of 40.85% [8]. - The bidding capacity for wind power equipment in 2024 is expected to be 164.1GW, a 90% increase year-on-year [13]. Lithium Battery - The report indicates that the demand for lithium batteries remains strong, with December's retail sales of new energy vehicles expected to show a bright performance despite a year-on-year decline of 17% [19]. - The supply chain for lithium batteries is expected to stabilize, with ongoing negotiations for long-term contracts and price adjustments [22][23].

Investment Rating - The report maintains a "Buy" rating for the environmental protection industry, consistent with the previous rating [2]. Core Insights - The central economic meeting emphasized the "dual carbon" strategy, indicating a strong push towards green energy development and comprehensive green transformation in the industry [13][15]. - The report highlights significant investment opportunities in waste management, recycling, and renewable energy sectors, particularly in waste incineration and carbon monitoring equipment [15][18]. - The report notes a trend of increasing dividend payouts among solid waste companies, with the average dividend payout ratio rising from 34.3% in 2019 to 48.5% in 2024, indicating a shift towards a "dividend investment strategy" in a mature market [15][19]. Summary by Sections Section 1: Dual Carbon and Green Transformation - The central economic meeting outlined key initiatives for promoting energy efficiency and carbon reduction across major industries, including the establishment of a national carbon trading market and comprehensive solid waste management actions [13][15]. - The report anticipates growth in the green economy, particularly in sectors like waste incineration and recycling, driven by government policies [15][18]. Section 2: Biodiesel Market Insights - The report discusses the biodiesel market, noting a slight decrease in SAF prices while UCO prices remain strong, with UCO prices reaching $1,065 per ton, an 8.1% increase since the beginning of the year [19][22]. - The report suggests that companies involved in waste oil processing and biodiesel production will benefit from these market dynamics, particularly those with integrated operations [28]. Section 3: Policy Tracking - The report tracks domestic and international developments related to carbon neutrality, including the establishment of a carbon trading market and the EU's commitment to significant emission reductions by 2040 [31][32]. - It highlights the importance of policy frameworks in driving the green transition and the role of financial support for green projects [38]. Section 4: Company Announcements and Market Trends - The report provides updates on key companies in the environmental sector, including investment agreements and project developments that enhance market competitiveness [41][43]. - It notes that the environmental sector's valuation is currently at historical lows, suggesting potential for future growth [41].

Investment Rating - The report maintains a "Positive" investment rating for the environmental sector, consistent with the previous rating [2]. Core Insights - The green liquid fuel market, particularly green ammonia and green methanol, is gaining traction due to supportive policies and market demand. The Ministry of Industry and Information Technology, along with other agencies, has emphasized the development of these fuels as part of the clean energy transition [18][19]. - As of the end of 2024, there are 119 green ammonia projects and 165 green methanol projects in China, with respective production capacities of 20.17 million tons/year and 52.57 million tons/year. Most projects are in early stages, indicating potential for capacity release [22][28]. - The report highlights the significant role of green ammonia in the energy system, particularly in coal power plant modifications, with a target of 10% co-firing by 2024 [19]. - The report suggests that the environmental sector will maintain high growth due to increasing demands for energy efficiency and resource recycling, with a focus on water and waste incineration sectors as stable revenue generators [53]. Summary by Sections Market Performance - The environmental sector underperformed the broader market, with a decline of 0.61% as of December 12, 2025, compared to a 0.34% drop in the Shanghai Composite Index [10][13]. Industry Dynamics - Recent policies include a notification from the Ministry of Industry and Information Technology and the People's Bank of China to support green factory construction through green finance [33]. - The ecological environment ministry is seeking public opinion on emergency control standards for water pollution, aiming to enhance environmental emergency response capabilities [35]. Investment Recommendations - The report recommends focusing on companies like Huanlan Environment, Xingrong Environment, and Hongcheng Environment, which are expected to benefit from the ongoing market reforms and stable cash flows [53].