Group 1 - The company, Jinyuan Co., Ltd. (000546.SZ), stated on the investor interaction platform that it currently does not have any business related to the recycling of used batteries [1]

Group 1 - The controlling shareholder, Jinyuan Holdings, has released a pledge of 14,800,000 shares, which accounts for 6.38% of its holdings [2] - On the same day, Jinyuan Holdings pledged an additional 14,000,000 shares for its own production and operation needs [2]

Group 1 - The core point of the announcement is that the controlling shareholder, Jinyuan Holdings, has partially released and re-pledged its shares in Jinyuan Environmental Protection [1] - A total of 14.8 million shares were released from pledge, accounting for 6.38% of the shares held by Jinyuan Holdings and 1.90% of the total share capital of the company [1] - The re-pledged shares amount to 14 million, representing 6.04% of the shares held by Jinyuan Holdings and 1.80% of the total share capital, with the purpose of the pledge being for its own production and operation [1] Group 2 - As of the announcement date, Jinyuan Holdings and its concerted parties have cumulatively pledged 160 million shares, which is 67.89% of the shares held by them and 20.60% of the total share capital of the company [1] - There are no risks of forced liquidation or other adverse effects on the company as stated in the announcement [1]

金圆环保股份有限公司 关于控股股东部分股份解除质押及办理质押的公告 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、误导性陈述或重大遗漏。 金圆环保股份有限公司（以下简称"公司"、"上市公司"）近日接到公司 控股股东金圆控股集团有限公司（以下简称"金圆控股"）函告，获悉金圆控股 将其持有的部分公司股份办理了解除质押并办理了质押业务，具体事项如下： 证券代码：000546 证券简称：金圆股份 公告编号：2026-002 号 三、股东股份累计质押的情况 截至本公告披露日，金圆控股及其一致行动人杭州金圆盛汇企业管理有限公 司（曾用名"杭州开源资产管理有限公司"）（以下简称"金圆盛汇"）所持质 押股份情况如下： | | | | | | | | | 已质押股份情况 | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 名称 | 持股数量 （股） | 持股 比例 | 本次质押前 质押股份数 | 本次质押后 质押股份数 | 占其所 持股份 | 占公司 总股本 | 已质押 股份限 ...

Group 1 - The A-share market saw a strong performance in lithium mining stocks, with notable gains from companies such as Chuaneng Power, which rose over 7%, and Tibet Summit and Guocheng Mining, which increased by over 6% [1] - The main contract for lithium carbonate surged by more than 5%, reaching a new high of 178,000 yuan per ton [1] Group 2 - Chuaneng Power's stock increased by 7.72%, with a total market capitalization of 25.8 billion yuan and a year-to-date increase of 19.83% [2] - Tibet Summit's stock rose by 6.47%, with a market cap of 19 billion yuan and a year-to-date increase of 37.83% [2] - Guocheng Mining's stock increased by 6.38%, with a market cap of 34.6 billion yuan and a year-to-date increase of 5.00% [2] - Other notable performers include Dazhong Mining (up 5.37%), Yiyaton (up 5.36%), and Ganfeng Lithium (up 4.54%) [2]

Group 1 - The A-share market saw a strong performance in lithium mining stocks, with notable gains from companies such as Chuaneng Power, which rose over 7%, and Tibet Summit and Guocheng Mining, which increased by over 6% [1] - The main contract for lithium carbonate surged by over 5%, reaching a new high of 178,000 yuan per ton [1] Group 2 - Chuaneng Power's market capitalization is 25.8 billion yuan, with a year-to-date increase of 19.83% [2] - Tibet Summit has a market capitalization of 19 billion yuan and a year-to-date increase of 37.83% [2] - Guocheng Mining's market capitalization stands at 34.6 billion yuan, with a year-to-date increase of 5.00% [2] - Other companies like Dazhong Mining and Yiyaton also reported gains of over 5%, with market capitalizations of 48.7 billion yuan and 15.3 billion yuan respectively [2] - Ganfeng Lithium, with a market capitalization of 153.1 billion yuan, saw a year-to-date increase of 16.11% [2] - Yongxing Materials and Aolian Electronics reported increases of 4.29% and 4.21% respectively, with market capitalizations of 29.5 billion yuan and 3.22 billion yuan [2] - The overall trend indicates a positive momentum in the lithium sector, supported by the MACD golden cross signal [2]

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection industry, consistent with the previous rating [2]. Core Insights - Environmental companies are actively expanding into upstream mining sectors to create a second growth curve, leveraging synergies between resource control and environmental services [3][18]. - The integration of environmental and mining operations is expected to enhance resource security, optimize costs, and improve compliance with environmental regulations [18]. - The report highlights specific companies such as GaoNeng Environment, BeiJieTe, and LongJing Environment as key players in this strategic shift towards mining [19][20][25]. Market Performance - As of January 16, the environmental sector saw a 0.3% increase, outperforming the broader market, which declined by 0.45% [10]. - Sub-sectors within the environmental industry showed varied performance, with water treatment and environmental equipment sectors performing well, while air treatment and resource recovery sectors faced declines [13][16]. Industry Dynamics - Recent regulatory developments include the issuance of guidelines for the recycling and utilization of used batteries from electric vehicles, aimed at establishing a comprehensive management system [29]. - The report discusses the importance of industrial green microgrid construction as a means to promote low-carbon transitions in industrial energy use [30]. Company Announcements - GaoNeng Environment announced the acquisition of a 45.2% stake in three mining companies, gaining exploration rights to several gold mines with a total proven gold content of 4,474 kg [19]. - BeiJieTe has secured mining rights for copper and lithium in Xinjiang, aligning with national policies promoting ecological restoration and green development [20][21]. - LongJing Environment is focusing on green mining and new energy equipment, leveraging its relationship with Zijin Mining to enhance its project capabilities [25]. Investment Recommendations - The report suggests that the "14th Five-Year Plan" will sustain high demand for energy conservation and environmental protection, with water and waste incineration sectors expected to see stable profitability [53]. - Key recommendations include companies like HanLan Environment, XingRong Environment, and HongCheng Environment, with additional attention on companies such as WangNeng Environment and JinYuan Co [53].

Market Overview - The environmental governance sector experienced a decline of 0.16% on January 16, with Jin Yuan Co. leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Top Performers - Zhongchuang Environmental (300056) saw a closing price of 8.87, with a significant increase of 7.38% and a trading volume of 498,600 shares, amounting to 435 million yuan [1] - Chaoyue Technology (301049) closed at 24.22, up 6.46%, with a trading volume of 65,000 shares and a transaction value of 156 million yuan [1] - Haitan Co. (603759) closed at 11.70, increasing by 4.93%, with a trading volume of 313,600 shares and a transaction value of 360 million yuan [1] Underperformers - Jin Yuan Co. (000546) closed at 6.12, down 8.38%, with a trading volume of 819,800 shares and a transaction value of 517 million yuan [2] - Yuhua Tian (300815) closed at 24.45, down 5.63%, with a trading volume of 231,700 shares and a transaction value of 579 million yuan [2] - Jingyuan Environmental (688096) closed at 8.93, down 4.80%, with a trading volume of 105,600 shares and a transaction value of 9.54 million yuan [2] Capital Flow - The environmental governance sector saw a net outflow of 270 million yuan from institutional investors, while retail investors experienced a net inflow of 654,710 yuan [2] - The top net inflows from institutional investors were seen in Zhongchuang Environmental (300056) with 60.69 million yuan, and Fulongma (603686) with 53.39 million yuan [3] - Conversely, significant net outflows were recorded for retail investors in Zhongchuang Environmental (300056) with -72.41 million yuan and Fulongma (603686) with -50.22 million yuan [3]

证券代码：000546 证券简称：金圆股份 公告编号：2026-001 号 金圆环保股份有限公司 关于控股股东部分股份解除质押及办理质押的公告 二、本次股份质押的基本情况 | | 是否为控股 | | 占其 | 占公 | 是否 | 是否为 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 名称 | 股东或第一 大股东及其 | 本次质押股 份数量（股） | 所持 股份 | 司总 股本 | 为限 | 补充质 | 质押 起始日 | 质押 到期日 | 质权人 | 质押 用途 | | | 一致行动人 | | 比例 | 比例 | 售股 | 押 | | | | | | 金圆 | 是 | 13,640,000 | 5.88% | 1.75% | 否 | 否 | 2026 年 1 | 办理解除 质押手续 | 华夏银行股份 有限公司杭州 | 自身 生产 | | 控股 | | | | | | | 月 13 日 | 之日 | 之江支行 | 经营 | 三、股东股份累计质押的情况 截至本公告披露日，金圆控股及其一致行动人杭州 ...

Group 1 - Ganfeng Lithium is a global leader in the lithium industry, with a comprehensive resource layout covering spodumene, salt lakes, and clay, and its lithium carbonate production capacity is among the top in the industry [1] - Tianqi Lithium controls the world's largest spodumene mine, Greenbushes, with a self-sufficiency rate of 100%, and its full industry chain layout enhances profitability amid rising lithium carbonate prices [2] - Salt Lake Industry holds the largest lithium resource in China at the Qarhan Salt Lake, with a low extraction cost of 30,000 to 40,000 yuan per ton, and plans to reach a production capacity of 40,000 tons of lithium carbonate by 2025 [3] Group 2 - Zangge Mining has a significant advantage in the Tibetan salt lake resource layout, with a planned capacity of 50,000 tons per year and a self-sufficiency rate exceeding 80% [4] - Shengxin Lithium Energy owns Asia's largest hard rock lithium mine and has a long-term supply agreement with CATL, ensuring stable sales amid rising lithium prices [5] - Rongjie Co. focuses on lithium resource development and processing, optimizing its mining technology to enhance resource utilization and reduce costs [6] Group 3 - Tibet Mining has exclusive mining rights to the Zabuye Salt Lake, one of Asia's largest lithium salt lakes, which provides a cost advantage as lithium carbonate prices rise [7][8] - Yahua Group ranks second in lithium extraction from lepidolite in A-shares, with an annual capacity of 45,000 tons, and has established long-term partnerships with several battery manufacturers [9] - Zhongmin Resources has a strong presence in both spodumene and salt lake lithium extraction, actively expanding overseas projects to enhance market competitiveness [10] Group 4 - Jiangte Motor, located in Yichun, known as "Asia's Lithium Capital," has a lepidolite extraction capacity of 30,000 tons per year and holds proprietary low-cost extraction technology [11] - Xizang City Investment has lithium carbonate reserves of 3.9 million tons from two salt lakes, utilizing a low-cost extraction method that positions it well for profit during price increases [12] - Yongxing Materials focuses on lithium salt production and has a diversified supply chain that allows it to respond quickly to market changes [13] Group 5 - Huayou Cobalt is a global leader in cobalt products and has developed an integrated supply chain for nickel, cobalt, and lithium resources, ensuring stable supply for battery materials [14] - Hanrui Cobalt has a synergistic business model for cobalt and lithium, ensuring raw material self-sufficiency and benefiting from the growth of the lithium battery industry [15] - Tengen Cobalt focuses on the research, production, and sales of cobalt and lithium products, maintaining stable sales through partnerships with leading battery manufacturers [16] Group 6 - Luoyang Molybdenum is the second-largest cobalt producer globally and is actively expanding its lithium resource layout, benefiting from the growth in lithium battery demand [17] - Greeenmei is a leader in battery recycling, achieving over 95% recovery rates and integrating lithium resource recovery into its business model [18] - Northern Rare Earth is the largest supplier of light rare earths and is diversifying into lithium and other energy metals, leveraging its resource advantages [19] Group 7 - Jinli Permanent Magnet has advanced technology that reduces the use of heavy rare earths and is expanding into lithium-related energy metal businesses [20] - Wanhua Chemical is actively involved in the lithium battery materials sector, providing chemical support for lithium carbonate production and benefiting from the growing demand in the lithium battery industry [21] - China Aluminum is leveraging its mining experience to develop lithium resources, ensuring quality and reducing operational costs amid rising lithium prices [22] Group 8 - Jiangxi Copper is expanding into lithium and cobalt, utilizing its mining expertise to enhance its energy metal business [23] - Huayu Mining is focusing on lithium resource development in Tibet, leveraging its regional advantages to enhance its lithium salt processing projects [24] - Shengda Resources is actively acquiring lithium resources and enhancing its energy metal business through strategic partnerships [25] Group 9 - Boqian New Materials, while primarily focused on nano-level metal powder materials, is involved in the lithium battery sector and is expected to see significant profit growth by 2026 [26] - Yongshan Lithium focuses on lithium salt product development and has optimized its production processes to enhance product quality and efficiency [27] - Dazhong Mining is transitioning into the lithium sector, utilizing its mining expertise to explore and develop lithium resources [28] Group 10 - Jinyuan Co. is transforming into the lithium battery sector, focusing on lithium resource development and processing through strategic acquisitions [29] - Weiling Co. is extending its business into the lithium battery supply chain, providing equipment and technical support for lithium mining and processing [30] - Tianhua Super Clean is deeply engaged in lithium battery materials, with a strong production capacity and established relationships with leading battery manufacturers [31]