成都市兴蓉环境股份有限公司 2026 年第一次临时股东会 会议材料 $$\longrightarrow\bigcirc\longrightarrow\bigcirc\longrightarrow\bigcirc\bigcirc\bigcirc\bigcirc\bigcirc\bigcirc\bigcirc\bigcirc\longrightarrow\bigcirc\bigcirc$$ 会议基本情况 一、股东会届次：2026 年第一次临时股东会。 二、股东会的召集人：公司董事会。 三、本次会议的召集、召开符合《中华人民共和国公司法》《深 圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》等法律、行政法规、部门规章、 规范性文件及《公司章程》的有关规定。 四、会议时间 （一）现场会议时间：2026 年 1 月 27 日下午 14:30。 （二）网络投票时间：通过深圳证券交易所系统进行网络投票的 具体时间为 2026 年 1 月 27 日 9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统（http://wltp. ...

（文章来源：证券日报） 证券日报网讯 1月15日，兴蓉环境发布公告称，公司第十届董事会第三十四次会议审议通过《关于延期 召开2026年第一次临时股东会的议案》。 ...

Group 1 - The company places a high emphasis on market value management by optimizing its business structure and enhancing profitability to ensure stable growth in company value [1][8] - The company will formulate a reasonable dividend policy based on its operational status and development needs to protect shareholder rights [1][8] - The company aims to deepen its strategic layout, expand its business scope, and enhance market competitiveness [1][8] Group 2 - The measures taken by the company in market value management and business development strategy are beneficial for enhancing its market competitiveness and creating greater value for shareholders [2][4][9]

Group 1: Market Value Management - The company emphasizes the importance of market value management, focusing on improving fundamentals and strategic layout to enhance operational quality and solidify intrinsic value [2] - The company actively listens to market feedback and continuously refines its market value management mechanisms, employing scientific and standardized measures [2] Group 2: Dividend Policy - The company considers various factors such as operational funding needs, profitability, and cash flow when determining its dividend policy [2] - There is a commitment to explore a scientific, stable, and sustainable profit distribution mechanism to enhance dividend levels and improve investor satisfaction [2] Group 3: Business Development Strategy - The company aims to integrate supply and drainage services while focusing on both organic growth and external acquisitions [3] - Plans include expanding into water resource management in Chengdu and surrounding areas, as well as exploring new markets outside the province [3] - The company is committed to developing "light asset" businesses and will carefully evaluate investment opportunities based on profitability, quality of returns, future prospects, and risk control [3] Group 4: Pricing Adjustment Mechanism - Water supply prices are adjusted based on national policies and specific agreements, requiring approval from government price authorities [4] - Adjustments to sewage treatment service fees are based on agreements with government entities, typically occurring every 2 to 3 years, with provisions for temporary adjustments in response to significant cost changes [5]

（记者 曾健辉） 每经头条（nbdtoutiao）——不到20万元，就能买特斯拉了？"廉价版"Model 3或进入中国市场，续航里 程480公里！关于自动驾驶，美国市场也有大调整 每经AI快讯，兴蓉环境1月15日晚间发布公告称，公司第十届第三十四次董事会会议于2026年1月15日 以通讯表决方式召开。会议审议了《关于延期召开2026年第一次临时股东会的议案》等文件。 ...

证券代码：000598 证券简称：兴蓉环境 公告编号：2026- 03 成都市兴蓉环境股份有限公司 关于延期召开 2026 年第一次临时股东会暨 股东会补充通知的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、原股东会召开日期：2026 年 1 月 21 日 2、延期后的股东会召开日期：2026 年 1 月 27 日 3、股权登记日：2026 年 1 月 15 日 一、关于公司 2026 年第一次临时股东会延期召开的说明 公司于 2025 年 12 月 31 日召开第十届董事会第三十三次会议， 决定于 2026 年 1 月 21 日召开 2026 年第一次临时股东会。具体内 容详见公司于 2026 年 1 月 5 日在《中国证券报》《证券时报》和巨 潮资讯网（www.cninfo.com.cn）上刊登的《关于召开 2026 年第一 次临时股东会的通知》（公告编号：2025-70）。 公司于 2026 年 1 月 15 日召开第十届董事会第三十四次会议， 审议通过了《关于延期召开 2026 年第一次临时股东会的议案》，为 统筹会议安排， ...

证券代码：000598 证券简称：兴蓉环境 公告编号：2026-02 1 特此公告。 成都市兴蓉环境股份有限公司（以下简称：公司）于2026年1月 14日以电子邮件、专人送达方式向全体董事发出召开第十届董事会第 三十四次会议的通知。按照《公司章程》和《董事会议事规则》相关 规定，在保障董事充分表达意见的前提下，会议于2026年1月15日以 通讯表决方式召开。本次会议应出席的董事8名，实际出席会议的董 事8名。会议的召集、召开及表决程序符合法律法规及《公司章程》 的相关规定。 与会董事对议案进行了审议，形成如下决议： 审议通过《关于延期召开2026年第一次临时股东会的议案》。 为统筹会议安排，同意将原定于2026年1月21日召开的2026年第 一次临时股东会延期至2026年1月27日召开，现场会议将于2026年1 月27日下午14:30召开，股权登记日（2026年1月15日）不变。 具体情况详见公司同日在《中国证券报》《证券时报》和巨潮资 讯网（www.cninfo.com.cn）披露的《关于延期召开2026年第一次临时 股东会暨股东会补充通知的公告》（公告编号：2026-03）。 表决结果：8票同意、0票反对 ...

Core Insights - The construction of urban water networks is a comprehensive infrastructure project aimed at enhancing urban water security resilience through multi-system coordination and smart control [1][2] - The industry is entering a new phase of systematic advancement, driven by top-level policies and continuous growth in water conservancy investment, with significant investments in major national water network projects expected to reach 42.5% in 2024 [1][8] - The market for smart water management is rapidly expanding, projected to exceed 30 billion yuan by 2025, driving digital transformation in water network operations [1][11] Industry Overview - Urban water network construction integrates various systems, including water source management, supply, drainage, flood control, and ecological protection, to address challenges such as water scarcity and pollution [2][3] - The industry is characterized by a closed-loop collaborative structure, comprising upstream supply, midstream engineering integration, and downstream operational services [5][6] Development Background - The urban water network is a critical infrastructure for urban operation, supported by a series of national policies aimed at promoting high-quality development and systematic advancement in water network construction [6][8] - Investment in water conservancy construction has shown steady growth, with total investment rising from 818.2 billion yuan in 2020 to 1,352.9 billion yuan in 2024, reflecting a compound annual growth rate of 13.4% [8][10] Investment Structure - In 2024, the investment in flood control engineering is expected to reach 522.3 billion yuan, accounting for 38.6%, while major national water network projects will attract 574.7 billion yuan, representing 42.5% of total investment [8][10] - The investment structure indicates a shift from a focus on engineering to a more integrated approach that includes ecological and smart solutions [8][10] Water Resource Management - In 2024, the total water usage in China is projected to be 5,928 billion cubic meters, with agricultural water accounting for 61.6%, indicating significant potential for efficiency improvements [10][11] - The supply structure shows that surface water remains the primary source, while unconventional water sources utilization has reached 25.16 billion cubic meters, reflecting diversification in water resource management [10][11] Future Trends - The urban water network construction will evolve towards system collaboration, digital empowerment, and ecological resilience, aiming for a modern development framework that is intelligent, efficient, and sustainable [12][13] - Digital twin technology will play a crucial role in integrating physical and digital water networks, enhancing management capabilities through proactive monitoring and predictive analytics [14][15] - Ecological design will be integrated throughout the construction process, promoting green technologies and enhancing the resilience of water systems against extreme climate events [15]

Core Viewpoint - The report emphasizes the critical role of Sustainable Aviation Fuel (SAF) in aviation decarbonization, highlighting the scarcity and price increase of waste oil resources during the SAF production expansion cycle [1][3]. Investment Recommendations - Key recommendations include companies such as Huanlan Environment (600323), Longjing Environmental Protection (600388), and others in the environmental sector [2]. - Companies to watch include Dayu Water-saving (300021) and Lian Tai Environmental Protection (603797) [2]. Industry Insights - SAF is identified as the only feasible solution for aviation decarbonization, with a focus on the HEFA route using waste oil (UCO) as raw material. The EU mandates increasing SAF blending ratios from 2% in 2025 to 70% by 2050, with projected SAF demand reaching 3,662 million tons by 2050 [3]. - By the end of 2025, domestic SAF production capacity is expected to reach 1.2 million tons per year, with total planned capacity of 4.4 million tons per year [3]. - The price of SAF is projected to rise significantly due to supply constraints, with a potential increase of over 50% from the beginning of the year [3]. Policy Tracking - The government is set to invest over 1 billion yuan in the Yangtze River protection projects from 2025 to 2027, with a focus on sewage pipeline construction and ecological restoration [4]. - Investment suggestions include companies involved in water treatment and sewage management, such as Bihui Source and Energy Conservation Guozhen (300388) [4]. Strategic Outlook for 2026 - The strategy focuses on value and growth, emphasizing the importance of marketization and efficiency improvements in the solid waste sector, with potential dividend increases [5]. - The report highlights the significance of the dual carbon drive, with recommendations for companies involved in renewable resources and waste oil production [6]. Industry Tracking - In the sanitation equipment sector, sales of new energy sanitation vehicles increased by 64.01% year-on-year, with a penetration rate of 18.60% [7]. - The price of biodiesel has decreased, leading to a decline in profit margins, while lithium battery recycling shows improved profitability due to rising lithium prices [7].

Investment Rating - The report rates the gaming industry as "high" for investment [1] Core Views - The report emphasizes the importance of the "Solid Waste Comprehensive Treatment Action Plan," which aims for significant improvements in solid waste management by 2030, including a target of 4.5 billion tons of comprehensive utilization of major solid waste and 510 million tons of recycling of key resources [2][5][7] - It highlights the shift in the energy sector towards diversified revenue models for thermal power companies, recommending several key players in the industry [8] - The report discusses the current trends in natural gas pricing, noting a general decline in global gas prices due to mild weather conditions and stable supply [10][29] - It outlines the transition of hydrogen energy towards becoming a "regulator" of the power grid, emphasizing its role in energy storage and management [31][33] Summary by Sections 1. Environmental Protection - The "Solid Waste Comprehensive Treatment Action Plan" was released on January 4, aiming to enhance solid waste management and promote a green economy [5] - By 2030, the plan targets a comprehensive utilization of 4.5 billion tons of major solid waste and 510 million tons of recycling of key resources [2][6] - The focus is on industrial, urban, and agricultural waste, with a comprehensive governance approach to illegal dumping and construction waste [6][7] 2. Natural Gas - As of January 9, the Henry Hub spot price in the U.S. was $2.87/mmBtu, reflecting a weekly decline of 28.24% [10][11] - The report notes that the European gas prices have also decreased, with the TTF spot price at €29.00/MWh, down 1.43% week-on-week [10][16] - The overall gas market is characterized by stable supply and mild weather, leading to lower demand and prices [10][29] 3. Hydrogen Energy - The report discusses the integration of hydrogen energy into the power grid, highlighting its potential for large-scale energy storage and management [31] - It emphasizes the role of hydrogen in addressing renewable energy challenges and improving grid stability [31][33] - The report recommends companies involved in hydrogen production and technology as key investment opportunities [33] 4. Weekly Market Review - The report notes that the electric power equipment, gas, and environmental protection sectors outperformed the Shanghai and Shenzhen 300 index during the week of January 5 to January 9 [34] - It provides insights into the performance of various sectors, indicating a positive trend for certain energy and environmental stocks [36][39] 5. Company and Industry Dynamics - The report highlights the establishment of national zero-carbon parks, which will receive significant support for green energy initiatives [39] - It mentions the successful completion of green power transactions in Gansu, indicating a growing market for renewable energy [40][43] - The report includes updates on major companies' performance and strategic developments in the energy sector [44]