Financial Performance - The company's operating revenue for Q1 2025 was ¥1,146,790,763.65, a decrease of 25.67% compared to ¥1,542,772,481.00 in the same period last year[5] - Net profit attributable to shareholders was ¥359,011,089.73, down 14.07% from ¥417,803,311.22 year-on-year[5] - Basic and diluted earnings per share decreased by 16.00% to ¥0.3601 from ¥0.4287[5] - Total operating revenue for the current period is ¥1,146,790,763.65, a decrease of approximately 25.6% from ¥1,542,772,481.00 in the previous period[20] - Net profit for the current period is ¥372,716,071.63, down 15.0% from ¥438,820,860.05 in the previous period[21] - Other comprehensive income after tax for the current period is -¥8,833,344.97, compared to -¥3,117,651.16 in the previous period[22] - The total comprehensive income for the current period is ¥363,882,726.66, down from ¥435,703,208.89 in the previous period[22] Cash Flow - The net cash flow from operating activities was -¥336,454,840.70, a significant decline of 2,094.35% compared to ¥16,870,420.53 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥336,454,840.70, compared to a net inflow of ¥16,870,420.53 in the previous period[25] - Cash flow from investing activities resulted in a net outflow of ¥365,946,131.28, worsening from a net outflow of ¥311,284,426.09 in the previous period[25] - Cash flow from financing activities increased by 55.96% to ¥642,867,776.96 from ¥412,190,594.20 year-on-year[11] - Cash flow from financing activities generated a net inflow of ¥642,867,776.96, compared to a net inflow of ¥412,190,594.20 in the previous period[25] Assets and Liabilities - Total assets increased by 1.63% to ¥40,716,302,763.37 from ¥40,062,296,084.91 at the end of the previous year[5] - The company's total liabilities reached CNY 29,633,671,902.78, compared to CNY 29,335,487,677.00 at the start of the period, indicating a slight increase in liabilities[18] - The total equity attributable to the owners of the parent company increased to CNY 10,177,919,146.77 from CNY 9,835,801,675.99, reflecting a growth in shareholder equity[18] - The total liabilities to equity ratio stands at approximately 2.91, indicating a leveraged position[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,874[12] - The largest shareholder, Zhengzhou Public Utilities Investment Development Group Co., Ltd., holds 68.73% of the shares[12] Operating Costs and Expenses - The company's operating costs for Q1 2025 were ¥483,314,087.18, a decrease of 40.69% compared to ¥814,945,664.77 in the same period last year[11] - Total operating costs decreased to ¥741,733,203.90 from ¥1,071,337,056.33, reflecting a reduction of about 30.8%[21] - The company reported a significant increase in sales expenses to ¥1,466,654.08 from ¥241,720.47, indicating a strategic shift in marketing efforts[21] Other Financial Metrics - The weighted average return on equity decreased to 4.12% from 5.30% year-on-year[5] - Cash and cash equivalents decreased to CNY 1,449,885,587.63 from CNY 1,509,125,133.34, showing a decline in liquidity[17] - Accounts receivable rose to CNY 7,435,988,238.45 from CNY 6,786,422,277.38, indicating an increase in credit sales[17] - The company's inventory increased to CNY 24,530,483.50 from CNY 20,837,096.08, suggesting a buildup of stock[17] - Short-term borrowings decreased to CNY 433,129,991.67 from CNY 537,656,949.53, indicating a reduction in short-term debt[18] - The company's long-term borrowings increased to CNY 18,814,043,465.96 from CNY 18,447,105,123.46, reflecting a rise in long-term financing[18] - The company reported a decrease in employee compensation payable from CNY 168,222,380.83 to CNY 36,336,029.20, suggesting a reduction in accrued expenses[18]

中原春风暖，税宣正当时。近日，郑州市税务局第二稽查局税宣团队以"守法合规经营是企业行稳致远 的'必修课'"为主题，走进中原环保股份有限公司问需解难题，共探上市企业高质量发展合规路径。 大象新闻记者 夏萍 对话环节，中原环保股份有限公司财务负责人谈到："这场'及时雨'下得准！今天的分享会契合我们上 市公司的现实需求，从税收合规角度为我们保驾护航，帮助企业精准把控风险要点及政策更新点，并对 公司内部税务合规提供了方向性指导。"第二稽查局负责人表示，"我们以第34个全国税收宣传月为契 机，以税务部门之"治"助推上市公司高质量发展之"势"，凝聚共识促发展，精研服务解难题，协同治理 筑共赢，是我们组织此次活动的初心。" 下一步，该局将深化"税务+执法"融合创新，坚持执法既不"越位"又不"缺位"，依法依规严厉打击各类 偷逃税违法行为，切实维护法治公平的市场秩序，助企精准防范风险，推进税务合规理念落地生根。 中原环保股份有限公司作为我省知名上市公司、国家高新技术企业，全国国企改革"双百企业"，业务涵 盖污水、污泥处理、再生水利用、生态治理等领域，是郑州市水污染防治行业名副其实的龙头企业。 分享环节，税务业务骨干带来两大硬核 ...

截至2025年4月18日收盘，中原环保（000544）报收于8.09元，较上周的7.99元上涨1.25%。本周，中原 环保4月15日盘中最高价报8.12元。4月16日盘中最低价报7.95元。中原环保当前最新总市值78.85亿元， 在环境治理板块市值排名25/106，在两市A股市值排名1848/5146。 本周关注点 问：请为什么中原环保的分红方案连国九条规定的三年平均不低于利润的百分之三十都达不到？答：投 资者您好，公司通过持续、稳定、科学的利润分配，与投资者共享经营发展成果，2022 年至 2024年 度，公司将累计现金分红5.75亿元，占最近三个会计年度（2022年、2023 年、2024年）平均净利润的比 重为 74.33%。公司将持续为投资者创造稳健的投资报。谢谢！ 问：南曹污水处理厂一期投运正常工作了吗？何时投入正常工作？答：投资者您好，南曹污水处理厂一 期工程为全地下污水处理厂，为保证项目安全运行，项目辅助系统需同主工艺路线设备同时使用，目前 已完成土建、主工艺路线设备安装工作，正在进行通风、除臭、有害气体检测、照明等辅助系统安装调 试工作，公司将加快推进剩余工程项目建设，尽快实现项目投运。谢谢！ ...

分析师：陈拓 登记编码：S0730522100003 chentuo@ccnew.com 环保及公用事业 污水处理收入占比持续提升，带动净利润 逆势增长 ——中原环保(000544)年报点评 证券研究报告-年报点评 增持(维持) 市场数据(2025-04-14) | 收盘价(元) | 8.08 | | --- | --- | | 一年内最高/最低(元) | 9.69/6.74 | | 沪深 300 指数 | 3,759.14 | | 市净率(倍) | 0.94 | | 流通市值(亿元) | 78.75 | | 基础数据(2024-12-31) | | 每股净资产(元) 8.55 每股经营现金流(元) -0.63 毛利率(%) 44.31 净资产收益率_摊薄(%) 10.49 资产负债率(%) 73.22 总股本/流通股(万股) 97,468.45/97,468.45 B 股/H 股(万股) 0.00/0.00 个股相对沪深 300 指数表现 资料来源：中原证券研究所，聚源 -11% -4% 4% 11% 19% 26% 34% 41% 2024.04 2024.08 2024.12 2025.04 中原环保 ...

Group 1: Financial Performance - In 2024, the company reported total assets of 40.062 billion yuan and net assets of 10.727 billion yuan, with a total profit of 1.124 billion yuan, reflecting a year-on-year growth of 11.35% [1] - The company plans to enhance operational management and efficiency to achieve synchronized growth in revenue and profit [1] - The cumulative cash dividend from 2022 to 2024 is 0.575 billion yuan, accounting for 74.33% of the average net profit over the last three years [2] Group 2: Debt and Cash Flow - As of the end of 2024, the company's asset-liability ratio was 73.22%, showing a decrease from the beginning of the year [2] - The net cash flow from operating activities has shown continuous improvement compared to 2023 and 2022 [2] Group 3: Industry Outlook - The environmental protection industry is expected to grow steadily due to national policy guidance and increasing public awareness of environmental issues [2] - The industry is entering a new phase of resource recycling and green energy integration, driven by the "dual carbon" policy and rising environmental standards [2] Group 4: Project Updates - The first phase of the Nancao sewage treatment plant is under construction, with main processes completed and auxiliary systems being installed [3] - The Zhengzhou purification company's net profit for 2024 is projected to be 0.654 billion yuan, with a commitment to maintain stable growth [4] Group 5: Market Management - The company is focused on market value management and is actively researching relevant policies to enhance its investment value and improve investor returns [4]

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。 中原环保股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日召开第九届董事会第十次会议、2024 年 11 月 13 日召 开 2024 年第二次临时股东大会审议通过《关于中原环保股份有 限公司拟注册发行公司债券的议案》，公司拟向交易所市场注 册发行不超过 30 亿元公司债券（详见巨潮资讯网 2024-70）。 证券代码：000544 证券简称：中原环保 公告编号：2025-23 中原环保股份有限公司 关于收到非公开发行公司债券符合深交所挂牌条件 无异议函的公告 中原环保股份有限公司董事会 二〇二五年四月十四日 公司于 2025 年 4 月 14 日收到深圳证券交易所出具的《关 于中原环保股份有限公司非公开发行公司债券符合深交所挂牌 条件的无异议函》（深证函〔2025〕342 号）、《关于中原环 保股份有限公司非公开发行可续期公司债券符合深交所挂牌条 件的无异议函》（深证函〔2025〕343 号）。根据无异议函， 公司申请确认发行面值不超过 20 亿元人民币的中原环保股份有 限公司 2025 年 ...

中原环保股份有限公司 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000544 证券简称：中原环保 公告编号：2025-21 关于举办2024年年度业绩说明会的公告 中原环保股份有限公司董事会 二〇二五年四月九日 为提升交流的针对性，公司现向投资者提前征集本次业绩说明会的相关问题。投资者可于2025年4月14 日（周一）12:00前访问https://ir.p5w.net/zj/进入问题征集专题页面。公司将在本次业绩说明会上对投资 者普遍关注的问题进行回答。 欢迎广大投资者积极参与。 特此公告。 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。 中原环保股份有限公司（以下简称"公司"）已于2025年3月22日披露《2024年年度报告》，为进一步加 强与投资者的互动交流，方便投资者深入了解公司经营发展情况，公司定于 2025年4月14日（周一） 15:00-16:00在全景网举办2024年年度业绩说明会。本次业绩说明会采用网络远程的方式举行，投资者可 登录全景网"投资者关系互动平台"（https://ir.p5w.net）参与本次业绩说明会。 出 ...

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。 中原环保股份有限公司（以下简称"公司"）已于 2025 年 3 月 22 日披露《2024 年年度报告》，为进一步加强与投资者的 互动交流，方便投资者深入了解公司经营发展情况，公司定于 2025 年 4 月 14 日（周一）15:00-16:00 在全景网举办 2024 年 年度业绩说明会。本次业绩说明会采用网络远程的方式举行， 投资者可登录全景网"投资者关系互动平台"（https://ir.p5 w.net）参与本次业绩说明会。 证券代码：000544 证券简称：中原环保 公告编号：2025-21 中原环保股份有限公司 关于举办 2024 年年度业绩说明会的公告 欢迎广大投资者积极参与。 特此公告。 中原环保股份有限公司董事会 二〇二五年四月九日 出席本次年度业绩说明会的人员有：董事、总经理谭云飞先 生，独立董事刘阳先生，董事会秘书张一帆女士，财务总监张蕾 女士（如有特殊情况，参会人员可能进行调整）。 为提升交流的针对性，公司现向投资者提前征集本次业绩说 明会的相关问题。投资者可于 2025 年 4 月 14 ...

Overview of the Transaction - The transaction involves the acquisition of 100% equity of Zhengzhou Wastewater Purification Co., Ltd. by Zhongyuan Environmental Protection Co., Ltd. for a total consideration of 442,067.68 million yuan [2][3] - The transfer of ownership was completed on March 17, 2023, with the necessary business registration changes finalized [2] Performance Commitment and Compensation Arrangement - The performance commitments for the years 2023, 2024, and 2025 are set at net profits of 36,930.21 million yuan, 34,342.46 million yuan, and 37,827.42 million yuan respectively, after deducting non-recurring gains and losses [2][3] - A qualified accounting firm will audit the actual net profits against the committed amounts, and any shortfall will trigger compensation obligations from the performance commitment party [2][3] Compensation Mechanism - If the actual net profit falls short of the committed amount in any year, the compensation will be calculated based on a specific formula, ensuring that total compensation does not exceed the transaction amount [3][4] - Compensation will be paid in cash upon notification from the acquiring company [3][4] 2024 Performance Commitment Achievement - For the year 2024, the actual net profit achieved by the purification company was 65,439.99 million yuan, resulting in a performance commitment achievement rate of 190.55% [5] - The independent financial advisor confirmed that the performance commitments for 2024 have been met, and no compensation is required from the performance commitment party [5]

关于中原环保股份有限公司重大资产购买暨关联交易之 2024 年度业绩承诺完成情况的核查意见 中信建投证券股份有限公司 中信建投证券股份有限公司（以下简称"中信建投证券""独立财务顾问"） 作为中原环保股份有限公司（以下简称"中原环保""上市公司""公司"）重大 资产购买暨关联交易（以下简称"本次交易"）的独立财务顾问，根据《上市公 司重大资产重组管理办法》《上市公司并购重组财务顾问业务管理办法》《深圳证 券交易所上市公司自律监管指引第 8 号——重大资产重组》等法律法规的有关规 定，对业绩承诺方做出的关于郑州市污水净化有限公司（以下简称"净化公司" "标的公司"）2024 年度业绩承诺的实现情况进行了核查，并发表意见如下： 一、本次交易情况概述 本次交易为上市公司以现金支付的方式购买郑州公用事业投资发展集团有 限公司（以下简称"交易对方""业绩承诺方"）持有的净化公司 100%股权，本 次交易对价合计为 442,067.68 万元。2023 年 3 月 17 日，交易对方已将其持有的 标的公司 100%股权过户至上市公司名下，标的公司已就本次标的资产过户完成 了工商变更登记手续。 （二）业绩补偿方式 在业绩承 ...