内容概况：作为环境服务业的一种主要商业模式，合同环境服务是环境企业与用户签订经济型服务合 同，约定双方的环境服务关系，并以可计量的环境效果作为服务标的。中国合同环境服务行业的发展得 益于良好的政策环境。近年来，中国政府出台了一系列环保政策和法规，鼓励企业进行环保投资和技术 创新。例如，绿色发展、生态文明建设等战略的实施，为合同环境服务行业的发展提供了有力的政策保 障。同时，随着全球经济的发展和人口的增加，环境污染问题日益严重，市场对环保服务的需求不断增 长，为合同环境服务行业的发展提供了广阔的市场空间。数据显示，中国合同环境服务行业市场规模从 2017年的1887.5亿元增长至2024年的4000亿元，年复合增长率为11.33%。2025年中国合同环境服务行业 市场规模约为4125亿元。中国合同环境服务行业将迎来更加广阔的发展前景。随着环保意识的不断提高 和环保政策的持续加强，市场对环保服务的需求将持续增长。同时，技术创新和产业升级也将为行业发 展提供新的动力。预计未来几年，合同环境服务行业将保持快速增长的态势，成为中国环保产业的重要 组成部分。 相关上市企业：首创环保（600008）、中原环保（000544 ...

Group 1 - The company, Zhongyuan Environmental Protection Co., Ltd., has approved the acquisition of the Zhengzhou Sanhuan and Sihuan recycled water pipeline assets through a public bidding process during the third extraordinary shareholders' meeting held on December 22, 2025 [2] - On December 25, 2025, the Zhengzhou Public Resource Trading Center announced Zhongyuan Environmental Protection as the acquirer of the Sanhuan and Sihuan recycled water pipeline assets, and agreements were signed with the Zhengzhou Municipal Facilities Affairs Center and the Zhengzhou Urban Management Bureau [2] Group 2 - The company has completed the delivery of the Sanhuan recycled water pipeline assets and signed the asset delivery confirmation. From the date of delivery, all rights, benefits, and risks associated with the Sanhuan recycled water pipeline assets have transferred to Zhongyuan Environmental Protection [3] - Within 12 months from the asset delivery date, the Zhengzhou Municipal Facilities Affairs Center and the Zhengzhou Urban Management Bureau are responsible for conducting the final audit of the Shangyi Road recycled water pipeline project and transferring all related documents and procedures to Zhongyuan Environmental Protection [3]

证券代码：000544 证券简称：中原环保 公告编号：2026-04 中原环保股份有限公司 关于摘牌郑州市三环再生水管线资产的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、交易情况概述 二、进展情况 近日，公司与郑州市市政设施事务中心、郑州市城市管理局 完成了郑州市三环再生水管线资产的交割，并签署了资产交割确 认书。自资产交割日起，三环再生水管线资产的所有权、使用权、 经营管理权、收益权及其他相关权益及风险转归中原环保，中原 环保享有占有、使用、经营管理资产及享有和承担三环再生水管 线资产所代表的一切权利、收益和风险。资产交割日起 12 个月 内，郑州市市政设施事务中心、郑州市城市管理局负责办理三环 再生水管线资产中尚义路再生水管线工程决算审计工作，并负责 将尚义路再生水管线工程决算审计相关的全部文件、资料及相关 手续移交给中原环保。 三、风险提示 中原环保股份有限公司董事会 二〇二六年一月二十日 敬请广大投资者谨慎决策，注意投资风险。 特此公告。 目前郑州市四环再生水管线资产尚未完成交割，尚存在一定 不确定性。公司将根据事项进展情况及时履行 ...

Core Viewpoint - Zhongyuan Environmental announced plans to acquire 100% equity of Zhengzhou Xinhong Reclaimed Water Resource Development Co., Ltd. for 146 million yuan and Zhengzhou Gewo Environmental Development Co., Ltd. for 133 million yuan, totaling approximately 279 million yuan, marking another asset acquisition following the 4.421 billion yuan acquisition of Zhengzhou Sewage Purification Co., Ltd. in 2022 [1][4]. Group 1: Acquisition Details - The acquisitions of Xinhong and Gewo will be conducted through public bidding, with both transactions involving the Zhengzhou State-owned Assets Supervision and Administration Commission [1][4]. - Xinhong and Gewo were previously subsidiaries of Zhengzhou Sewage Purification Co., Ltd. and were transferred to Zhengzhou Public Utilities Investment Development Group Co., Ltd. before being reassigned to the Zhengzhou State-owned Assets Commission [1][4]. Group 2: Financial Performance - Xinhong's core business includes reclaimed water sales, metering, and maintenance services, reporting a revenue of 26.3011 million yuan and a net profit of 5.445 million yuan for the fiscal year 2024 [1][4]. - Gewo's main operations involve sludge treatment technology and has developed a comprehensive technical system, achieving a revenue of 61.5531 million yuan and a net profit of 7.4401 million yuan in 2024. However, its performance significantly declined in the first nine months of 2025, with revenue of only 1.13 million yuan and a net loss of 589,600 yuan [2][5]. Group 3: Valuation and Payment - The valuation of Xinhong's total equity was assessed at 146 million yuan as of September 30, 2025, reflecting an increase of 34.4669 million yuan, or a 30.90% appreciation over its book value [2][5]. - The acquisition is expected to be financed in cash, although specific funding sources have not been disclosed in the announcement [2][5].

Core Viewpoint - Zhongyuan Environmental plans to acquire 100% equity of Zhengzhou Gewo Environmental Development Co., Ltd. for 133 million yuan, which is considered a related party transaction due to the seller being an indirect controlling shareholder of Zhongyuan Environmental [2][3]. Group 1: Acquisition Details - The acquisition is aimed at completing the environmental business chain, absorbing professional technical resources, and deepening the integration of regional state-owned assets [3]. - The equity of Gewo Environmental was publicly listed for sale on December 25, 2025, with an assessed value of 133 million yuan based on the asset-based method [3]. - The transaction will be completed through cash payment and will not involve issuing shares, thus not changing the existing shareholding structure [3]. Group 2: Financial Performance of Gewo Environmental - Gewo Environmental experienced a significant decline in revenue and incurred losses in the first three quarters of 2025, with revenue of only 11,300 yuan and a net loss of 58,960 yuan [3][4]. - In 2024, Gewo Environmental reported revenue of 61.55 million yuan and a net profit of 7.44 million yuan, indicating a sharp downturn in 2025 [3][4]. Group 3: Strategic Implications - The acquisition is expected to enhance Zhongyuan Environmental's capabilities in sludge treatment, leveraging Gewo Environmental's 33 valid patents and 18 software copyrights [5][6]. - Gewo Environmental has developed a comprehensive technology system for sludge treatment, which could synergize with Zhongyuan Environmental's existing wastewater treatment operations [6].

Group 1 - The company held its 20th meeting of the 9th Board of Directors on January 9, 2026, to discuss significant acquisition proposals [2][3][4] - The company plans to acquire 100% equity of Zhengzhou Gevo Environmental Development Co., Ltd. through a public bidding process, with a valuation of RMB 133.06 million [5][9] - The acquisition aims to enhance the integration of sludge disposal and resource utilization, creating a synergistic effect in the regional environmental market [10][28] Group 2 - The company also intends to acquire 100% equity of Zhengzhou Xinhong Recycled Water Resource Development Co., Ltd. for RMB 146 million, with the acquisition expected to improve the company's recycled water utilization business [35][36] - The financial data of Gevo shows total assets of RMB 149.30 million and total liabilities of RMB 23.48 million as of September 30, 2025 [17] - The financial data of Xinhong indicates total assets of RMB 149.92 million and total liabilities of RMB 38.39 million as of September 30, 2025 [45] Group 3 - The company has engaged intermediary institutions for due diligence and auditing to ensure the integrity of the acquisition process [10][36] - The acquisition of Gevo is expected to create a comprehensive competitive advantage by integrating sludge treatment technologies [28] - The acquisition of Xinhong is projected to enhance the company's operational capabilities in the regional water market, potentially increasing annual revenue by approximately RMB 26.67 million [57][58]

Group 1 - Zhongyuan Environmental Protection plans to acquire 100% equity of Zhengzhou Xinhong Reclaimed Water Resources Development Co., Ltd. through public bidding for a price of 146 million yuan [1] - The acquisition is expected to enhance the company's operational capabilities in the regional water service market and strengthen its competitive edge in the reclaimed water sector [2] - The acquisition is projected to add approximately 26.67 million yuan in annual revenue and about 9.04 million yuan in annual net profit to the company [3] Group 2 - Xinhong Company's core business includes reclaimed water sales, metering and charging, as well as inspection, maintenance, and emergency repair services for reclaimed water pipelines [2] - As of September 30, 2025, Xinhong Company has total assets of 150 million yuan, total liabilities of 38.39 million yuan, and equity of 112 million yuan [2] - The assessed value of Xinhong Company is 146 million yuan, reflecting an increase of 34.47 million yuan and a valuation increase rate of 30.9% [2]

Mergers and Acquisitions - Shengda Resources plans to acquire 55% equity of Guangxi Laibin Jinshi Mining Co., Ltd. for 269.5 million yuan, with core assets including mining rights for various mineral resources [1] - Zhongyuan Environmental Protection intends to acquire 100% equity of Gevo Company and Xinhong Company through public bidding, aiming to enhance the synergy in sludge disposal and resource utilization [2] Shareholding Changes - Hengshi Technology's shareholder, New Basis Information Technology Group Co., Ltd., plans to increase its shareholding by 1.5% to 3% within six months using self-raised funds [3] - China Electric Port reports that the National Integrated Circuit Industry Investment Fund has reduced its holdings by 7.5969 million shares, accounting for approximately 0.999724% of the total share capital, and no longer holds over 5% [4] - Baiwei Storage announces that the National Integrated Circuit Industry Investment Fund II plans to reduce its holdings by no more than 934,260 shares, representing up to 2% of the total share capital [5] - Junda Co., Ltd. states that its controlling shareholder, Hainan Jindi Technology Investment Co., Ltd., plans to reduce its holdings by up to 3%, equivalent to 872,540 shares [6] Regulatory Issues - ST Huilun has received an administrative penalty decision from the China Securities Regulatory Commission for failing to disclose fund occupation matters and inflating costs and revenues, resulting in a fine of 3 million yuan [7] - Xiong Plastic Technology has been ordered to rectify due to failure to disclose related party transactions, violating relevant regulations [8]

Core Viewpoint - Zhongyuan Environmental Protection announced the approval of two proposals to acquire 100% state-owned equity of Zhengzhou Xinhong Recycled Water Resource Development Co., Ltd. and Zhengzhou Gewo Environmental Protection Development Co., Ltd. through public bidding [1] Group 1 - The company held its 20th meeting of the 9th board of directors on January 12 [1] - The acquisitions are aimed at enhancing the company's capabilities in recycled water resource development and environmental protection [1]

Group 1 - The core point of the article is that Zhongyuan Environmental Protection announced the acquisition of 100% equity of Zhengzhou Gewo Environmental Development Co., Ltd. through public bidding, with a valuation of RMB 133.0607 million [1] - The acquisition was approved during the 20th meeting of the 9th Board of Directors held on January 9, 2026 [1] - The public bidding for the equity transfer will be conducted by the Zhengzhou Public Resources Trading Center, with the transfer initiated by the Zhengzhou State-owned Assets Supervision and Administration Commission [1] Group 2 - The valuation of the target asset was determined by Henan Tongqian Real Estate Asset Appraisal Co., Ltd. using the asset-based method, with a reference date of September 30, 2025 [1] - The transaction involves the indirect controlling shareholder of the company, Zhengzhou Public Utility Investment Development Group Co., Ltd., which holds 100% equity of the target company [1] - This transaction does not require approval from the company's shareholders' meeting [1]