Core Viewpoint - China Tianying (000035.SZ) announced the sale of assets related to the Mudanjiang Waste Incineration Power Generation Project to the Mudanjiang Comprehensive Administrative Law Enforcement Bureau for a total consideration of RMB 580 million, in line with local government economic planning and public utility infrastructure management requirements [1] Group 1 - The assets sold include machinery, buildings, land use rights, inventory, and other operational assets [1] - After the sale, Mudanjiang Tianying will no longer hold the concession project, which had a low contribution to the company's overall revenue and profit [1] - The transaction is expected to reduce the company's consolidated net profit by approximately RMB 47 million in 2025, with the final accounting treatment subject to annual audit confirmation [1]

Core Viewpoint - China Tianying (000035.SZ) announced the sale of its assets related to the Mudanjiang waste-to-energy project to the Mudanjiang Comprehensive Administrative Law Enforcement Bureau for a total consideration of RMB 580 million, in line with local government economic planning and public utility infrastructure management requirements [1] Group 1: Asset Sale Details - The assets sold include machinery, buildings, land use rights, inventory, and other operational assets related to the Mudanjiang waste-to-energy project [1] - After the sale, Mudanjiang Tianying will no longer hold the concession for this project [1] Group 2: Financial Impact - The original revenue and profit from the Mudanjiang project accounted for a low proportion of the company's overall performance, indicating that the sale is not expected to significantly impact the company's future operational capabilities [1] - Preliminary estimates suggest that the transaction will reduce the company's consolidated net profit by approximately RMB 47 million in the fiscal year 2025, with the final accounting treatment and impact to be confirmed by the annual audit [1]

证券代码：000035 证券简称：中国天楹 公告编号： TY2025-50 中国天楹股份有限公司 关于全资子公司出售资产的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导 性陈述或者重大遗漏负连带责任。 一、交易概述 1、为满足地方政府经济规划及对公用事业基础设施管理要求，公司全资子 公司牡丹江天楹环保能源有限公司（以下简称"牡丹江天楹"）将牡丹江市生活 垃圾焚烧发电项目（以下简称"牡丹江项目"）与经营相关的资产（包括机器设 备、房屋建筑物、土地使用权、存货及其他经营性资产）出售给牡丹江市综合行 政执法管理局（以下简称"牡丹江市综管局"），资产出售对价含税金额为人民币 5.8 亿元。 2、公司于 2025 年 11 月 28 日召开第九届董事会第十四次会议，审议并通过 了《关于全资子公司出售资产的议案》，董事会同意公司全资子公司牡丹江天楹 与牡丹江市综管局签署《牡丹江市生活垃圾焚烧发电厂特许经营项目终止及资产 回购协议》并出售牡丹江项目资产，同时授权公司经营层办理本次交易事项相关 的后续事宜（包括但不限于签署相关协议、办理资产移交事项等）。 3、本次出售资产事项属于公司董事会 ...

中国天楹股份有限公司董事会 2025 年 12 月 3 日 中国天楹股份有限公司（以下简称"公司"）第九届董事会第十四次会议通 知于 2025 年 11 月 25 日以电子邮件的形式发出，会议于 2025 年 11 月 28 日以 通讯表决方式召开。本次董事会应参与表决董事 7 人，实际参与表决董事 7 人， 本次会议的召开符合《中华人民共和国公司法》及《公司章程》的有关规定。 本次会议审议并通过了《关于全资子公司出售资产的议案》。 具体内容详见公司同日在《中国证券报》、《证券时报》及巨潮资讯网披露 的《关于全资子公司出售资产的公告》。 表决结果：表决票 7 票，同意票 7 票，反对票 0 票，弃权票 0 票。 特此公告。 证券代码：000035 证券简称：中国天楹 公告编号：TY2025-49 中国天楹股份有限公司 第九届董事会第十四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 ...

证券代码：000035 证券简称：中国天楹 公告编号：TY2025-48 中国天楹股份有限公司 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。 同时为提高决策效率，公司股东大会已授权公司董事长和经营管理层，在上 述规定的额度范围内审批公司与控股子公司之间、各控股子公司之间及为参股子 公司提供担保的具体事宜，并根据公司及各子公司的实际需求调整担保额度，签 署相关担保所必须的各项法律文件。具体详见公司于 2025 年 4 月 29 日在《中国 证券报》、《证券时报》以及巨潮资讯网披露 ...

Summary of Key Points Core Viewpoint - The company, China Tianyang Co., Ltd., has approved a guarantee amount of up to RMB 17.01 billion for its subsidiaries in 2025, aiming to enhance financing efficiency and ensure normal operations for its subsidiaries [2][15]. Group 1: Guarantee Overview - The company has decided to provide an additional guarantee of up to RMB 17.01 billion for its subsidiaries, which includes guarantees between the company and its controlling subsidiaries, as well as for its joint ventures [2]. - The shareholders have authorized the chairman and management to approve specific guarantee matters within the set limit, allowing for adjustments based on actual needs [2]. Group 2: Specific Guarantee Cases - **Guarantee Case One**: The company's controlling subsidiary, Xilin Hot Tianyang Environmental Energy Co., Ltd., has signed a loan agreement with Ordos Bank for RMB 190 million to fund a waste-to-energy project and has received a joint liability guarantee from the company [3]. - **Guarantee Case Two**: The wholly-owned subsidiary, Jiangsu Yinghuan Urban Environment Service Co., Ltd., has engaged in financing leasing with Jiangsu Financial Leasing Co., Ltd., with a maximum guarantee amount of RMB 90.01 million provided by the company [4]. Group 3: Subsidiary Information - **Xilin Hot Tianyang Environmental Energy Co., Ltd.**: Established on December 17, 2020, with a registered capital of RMB 82.0041 million, the company is 76.7401% owned by China Tianyang and has a good credit standing [5][6][7][8]. - **Jiangsu Yinghuan Urban Environment Service Co., Ltd.**: Founded on April 20, 2017, with a registered capital of RMB 202.02 million, it is fully owned by China Tianyang and also has a good credit standing [9][10]. Group 4: Guarantee Contract Details - The guarantee contracts involve joint liability guarantees for all debts under the main contracts, covering principal, interest, penalties, and related costs, with a guarantee period of three years after the debt fulfillment deadline [11][12][13][14]. Group 5: Board Opinion - The board believes that providing guarantees for the subsidiaries will enhance their financing efficiency and ensure stable operations, aligning with the interests of the company and its shareholders [15]. Group 6: Cumulative Guarantee Information - As of the announcement date, the company has provided guarantees totaling RMB 12.223 billion, which accounts for 111.81% of the company's latest audited net assets, with no overdue guarantees or litigation-related amounts [16].

证券日报网讯 11月25日晚间，中国天楹发布公告称，公司无逾期担保贷款，无涉及诉讼的担保金额及 因担保被判决败诉而应承担的损失金额。 （文章来源：证券日报） ...

Core Points - China Tianying (SZ 000035, closing price: 5.7 yuan) announced on November 25 that all guarantees provided by the company are for its wholly-owned and controlling subsidiaries applying for loans, with no other external guarantees [1] - The total amount of guarantees provided by the company to its subsidiaries is 12.223 billion yuan, accounting for 111.81% of the company's most recent audited net assets [1] - For the first half of 2025, the revenue composition of China Tianying is as follows: waste incineration and electricity sales account for 50.98%, other services account for 21.61%, urban environmental services account for 19.85%, and construction services account for 7.56% [1] - As of the report date, the market capitalization of China Tianying is 13.6 billion yuan [1] Industry Context - The company is facing challenges as indicated by the news regarding another company that has recently gone public, which reported a loss exceeding 100 million yuan due to its core product being impacted by the largest customer reducing purchases [1]

证券代码：000035 证券简称：中国天楹 公告编号：TY2025-47 中国天楹股份有限公司 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、本次担保情况概述 （一）担保额度审议情况 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。 （二）本次担保情况 1、担保事项一 公司控股子公司锡林浩特市天楹环保能源有限公司（以下简称"锡林浩特天 楹"）与鄂尔多斯银行股份有限公司锡林郭勒分行（以下简称"鄂尔多斯银行锡 林郭勒分行"）签订《项目贷款借款合同》，鄂尔多斯银行锡林郭勒分行向锡林 浩特天楹提供人民币 19,000.00 万元借款，用于支付锡林浩特市生活垃圾 ...

Core Viewpoint - The company, China Tianyang Co., Ltd., has received notification from its controlling shareholder, Nantong Qianchuang Investment Co., Ltd., regarding the lifting of pledge registration for part of its shares [1]. Group 1: Share Pledge Information - The controlling shareholder, Nantong Qianchuang, along with its concerted parties, Nantong Kunder Investment Co., Ltd. and Mr. Yan Shengjun, has provided details on the status of pledged shares [1]. - The company confirms that the controlling shareholder and its concerted parties have a good credit status and sufficient risk control capabilities, ensuring that the pledged shares do not pose a risk of forced liquidation or transfer [1]. - The company will continue to monitor the changes in share pledges by Nantong Qianchuang and its concerted parties, fulfilling its information disclosure obligations in a timely manner [1]. Group 2: Documentation - The documents for reference include the certificate for the lifting of securities pledge registration and the notification letter from the controlling shareholder, Nantong Qianchuang [2]. Group 3: Announcement - This announcement is made by the board of directors of China Tianyang Co., Ltd. on November 21, 2025 [4].