成都市兴蓉环境股份有限公司 独立董事 2024 年度述职报告 （王新） 自 2024 年 1 月 1 日至 2024 年 12 月 31 日期间（以下称为：报告 期），本人担任成都市兴蓉环境股份有限公司（以下简称：公司）第 十届董事会的独立董事。任职期间，本人严格按照《中华人民共和国 公司法》《中华人民共和国证券法》《上市公司独立董事管理办法》 《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》以及《公司章程》《独立董事制度》等有关规定，本着独 立、客观、公正的原则，忠实履行独立董事的职责，积极出席公司相 关会议，了解公司生产经营情况，关注公司发展状况，审议各项议案 并发表明确意见。现就本人 2024 年度履职情况汇报如下： 一、基本情况 本人王新，男，中共党员，1983 年生，财务管理专业，博士研究 生学历学位，教授，博士生导师，注册会计师。曾任西南财经大学国 际教育学院副院长、国际交流与合作处副处长、处长。现任西南财经 大学会计学院教授、国际商学院执行院长兼国际教育学院院长，成都 市兴蓉环境股份有限公司及四川长虹电器股份有限公司独立董事，四 川九洲投资控股集团有限公司外部董事。 报 ...

前十大流通股东累计持有： 193387.07万股，累计占流通股比： 65%，较上期变化： 392.43万股。 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.6704 | 0.6204 | 8.06 | 0.5443 | | 每股净资产（元） | 0 | 5.57 | -100 | 4.95 | | 每股公积金(元) | 0.71 | 0.71 | 0 | 0.6 | | 每股未分配利润(元) | 4.17 | 3.68 | 13.32 | 3.19 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 90.49 | 80.87 | 11.9 | 76.3 | | 净利润(亿元) | 19.96 | 18.43 | 8.3 | 16.18 | | 净资产收益率(%) | 11.50 | 11.86 | -3.04 | 11.48 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件 ...

Financial Performance - The company's operating revenue for 2024 reached ¥9,048,669,804.99, an increase of 11.90% compared to ¥8,086,535,650.22 in 2023[17]. - Net profit attributable to shareholders for 2024 was ¥1,996,116,861.08, reflecting an 8.28% increase from ¥1,843,412,411.08 in 2023[17]. - The basic earnings per share for 2024 was ¥0.6704, up 8.06% from ¥0.6204 in 2023[17]. - The total assets at the end of 2024 amounted to ¥48,448,468,554.45, representing an 11.24% increase from ¥43,555,025,093.36 at the end of 2023[17]. - The company generated operating cash flow of ¥3,680,795,791.89 in 2024, an increase of 8.61% from ¥3,388,884,915.50 in 2023[17]. - The company reported a weighted average return on equity of 11.50% for 2024, slightly down from 11.86% in 2023[17]. - The company achieved total operating revenue of CNY 904,866.98 million in 2024, representing a year-on-year growth of 11.90%[43]. - Net profit attributable to shareholders reached CNY 199,611.69 million, an increase of 8.28% compared to the previous year[43]. - Revenue from wastewater treatment services grew by 20.42%, while revenue from water supply increased by 7.26% and waste incineration power generation revenue rose by 10.51%[43]. - The gross margin for water supply was 45.57%, up by 1.11%; for wastewater treatment, it was 41.63%, up by 1.48%; and for waste incineration, it was 48.07%, up by 7.84%[43]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.87 CNY per 10 shares to all shareholders, based on a total of 2,984,434,721 shares[4]. - The cash dividend for 2023 is set at 1.87 yuan per 10 shares, amounting to a total cash dividend of 558,089,292.83 yuan[152][153]. - The total distributable profit at the end of the reporting period is 2,591,995,176.89 yuan[153]. - The company emphasizes a stable profit distribution policy to enhance shareholder returns, reflecting a commitment to improving operational performance and profitability[111]. - The company plans to maintain a cash dividend ratio of at least 20% during significant capital expenditures[152]. Operational Capacity and Projects - The company operates approximately 4.3 million tons/day in water supply projects and over 4.8 million tons/day in wastewater treatment projects[32][33]. - The company has a total operational and under-construction capacity of 12,000 tons/day for waste incineration power generation and 8,430 tons/day for leachate treatment[34][37]. - The company is expanding its operational scale, with a total capacity of approximately 930 million tons/day for water supply and wastewater projects combined[37]. - The company plans to enhance urban sewage treatment infrastructure, aiming for a collection rate of over 73% by 2027[27]. - The company will launch key projects including the Chengdu Water Plant Phase III and the Chengdu Wastewater Treatment Plant Phase III, which are expected to enhance operational performance[84]. Research and Development - The company launched 57 research projects and obtained 33 new patents in 2024, focusing on technological innovation and smart water management[42]. - Research and development expenses surged to CNY 53,211,087.38, a significant increase of 341.20% compared to the previous year[56]. - The number of R&D personnel increased by 78.29% to 460, with a notable rise in the proportion of personnel holding master's degrees, which increased by 96.97%[58]. - The company is investing 50 million in R&D for new technologies aimed at improving operational efficiency[93]. - Ongoing research and development efforts are focused on innovative waste management solutions[179]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The company has detailed potential risks and countermeasures in the management discussion and analysis section of the report[4]. - The company has established a comprehensive internal control system covering various activities, including risk management, financial reporting, and compliance with legal regulations[163]. - The company has developed a risk assessment report to identify and manage medium to high risks, enhancing risk management effectiveness[163]. - The company is committed to continuous improvement of compliance capabilities in response to changing compliance obligations[164]. Market Expansion and Strategic Initiatives - The company aims to deepen its presence in the Chengdu market while expanding its influence across Sichuan and nationwide, focusing on becoming a comprehensive service provider in water and environmental protection[83]. - The company plans to expand its market presence by entering three new regions by the end of 2024[93]. - The company is actively exploring new strategies for market expansion and product development[91]. - The company is focusing on expanding its market presence and enhancing its supply and drainage business operations[92]. - Future guidance indicates a revenue target of 5 billion for the fiscal year 2024, reflecting a growth rate of 20%[94]. Environmental Compliance and Sustainability - The company adheres to major environmental protection laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[170]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[170]. - The company has implemented advanced technologies in wastewater treatment to improve efficiency and reduce environmental impact[172]. - The company is committed to sustainable practices in waste management and pollution control[178]. - The company has improved rural drinking water quality by maintaining and servicing water supply stations and purification equipment in several counties[195]. Corporate Governance and Leadership - The company has established a modern corporate governance mechanism to ensure compliance and protect shareholder rights[104]. - The board of directors operates independently and is responsible for major decisions, with all meetings conducted legally and effectively, ensuring the interests of all shareholders are prioritized[110]. - The company has a fully independent financial department with a standardized accounting system, ensuring compliance with tax regulations and financial management[113]. - The company has seen changes in its board composition, with several directors resigning and new appointments expected in the near future[135]. - The company has a strong leadership team with diverse backgrounds in finance, engineering, and management[122][123][124][125][126][127][128][129]. Investor Relations and Communication - The company has actively engaged with investors, responding to nearly 140 inquiries and hosting over 50 investor meetings in 2024[106]. - The company highlighted its operational advantages and business expansion plans during the investor meetings held in January 2024[92]. - The company is engaging with various asset management firms to discuss future growth opportunities and operational strategies[92]. - The company reported on its performance and operational efficiency during the investor interactions[92]. - The company has established a robust investor relations management system, ensuring timely and accurate information disclosure through various channels, including performance briefings and investor hotlines[111].

当前宏观环境与资本市场正处于多元因素交织的动态调整阶段，对板块轮动与投资风向产生着深远影 响。由此带动，A股市场避险情绪升温，资金的避险需求放大，主动寻求更为稳妥的投资方向，稳定收 益导向的资产成为市场资金的"避风港"。 从行业特性上来看，水务、环保板块业绩确定性强、具备良好防御属性，在此时脱颖而出，吸引了众多 投资者的目光。加之水价改革稳步推进、地方化债进程加速等利好因素的叠加影响，水务、环保行业获 得资金层面强力支持的预期愈发强烈。兴蓉环境（000598）(000598.SZ)作为西南地区水务环保龙头， 兼具防御性与成长性，值得重点关注。 兴蓉环境深耕行业多年，积累了丰富的运营经验和资源优势。公司业务涵盖自来水供应、污水处理、固 废处置等多个领域，形成了完整的产业链布局。 同时，兴蓉环境是少数具备良好成长性的水务环保企业。公司在建项目充沛，为未来业绩增长奠定了坚 实基础。目前，公司正在大力推进成都市水七厂三期、洗瓦堰再生水厂及第六再生水厂二期等多个在建 项目。这些项目投产后，将进一步提升公司的供水和污水处理能力，扩大市场份额，提升公司的盈利能 力。此外，公司还积极拓展垃圾焚烧发电项目，成都万兴环保发电厂( ...

各位投资者大家早上好我是动物证券原理那么今天邀请到了新融股环境来跟大家做交流我们也知道水母板块中间的新融环境凭借趣味优势和公司管理层积极进取的能力一直是非常优质的这么一个体验尤其是在近期无论是物资处理的价格的市场化的调价 海事公司在手务行业管理上面我们也看到有一些新闻这个智能化AI化的应用其实都是亮点满满的那么今天就请我同事陈夫人来主持这场交流我们今天在线的嘉宾有董事会秘书刘总还有公司的投关团队都已经在线了欢迎刘总和张总那领导您看我们是 直接开始提问回答环节吗还是请您好我先简单说一下那个去介绍一下情况吧嗯好的好的好啊嗯大家好我先介绍一下那个情况然后我们是之前呢已经公布了我们的业绩快报应该说24年呢我们的各项业务还是保持了一个比较平稳预计的一个状态 然后我们的综合毛利率也是维持在一个比较稳定的水平然后我们去年相对于23年来讲营收增长了11.9%然后规模的经济润增长了8.2%这个情况的话还是比较好的一个业绩呈现 另外呢在一些业务上包括我们的自来水油板块然后呢我们的输水量还是在20年还是实现了7.6%的增长我们的污水处理量然后呢也由于新项目的投入的原因然后呢我们的污水处理量增长了9.2% 像顾费业务板块的话虽然没有 ...

金融界4月11日消息，上证指数低开高走，中证全指水公用事业指数 (水务指数，H30218)报2179.88点。 数据统计显示，中证全指水公用事业指数近一个月上涨0.07%，近三个月上涨4.36%，年至今下跌 4.08%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。遇临时调整时，当中证全指指数调整样本时，中证全指行业指数样 本随之进行相应调整。在样本公司有特殊事件发生，导致其行业归属发生变更时，将对中证全指行业指 数样本进行相应调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形 的处理，参照计算与维护细则处理。 据了解，为反映中证全指指数样本中不同行业公司证券的整体表现，为投资者提供分析工具，将中证全 指指数样本按中证行业分类分为11个一级行业、35个二级行业、90余个三级行业及200余个四级行业， 再以进入各一、二、三、四级行业的全部证券作为样本编制指数，形成中证全指行业指数。该指数以 2004年12月31日为 ...

Investment Rating - The report maintains a "Buy" rating for the company [9][11]. Core Viewpoints - The company, Xirong Environment, is a leading water utility and waste incineration company in Chengdu, with a stable growth trajectory. The water industry is expected to grow steadily, with a projected compound annual growth rate (CAGR) of approximately 8.9% for wastewater treatment and 6.0% for tap water from 2023 to 2026. The company is actively expanding into the second and third circles of Chengdu, which could add approximately 1.64 million tons/day in water supply capacity and 1.17 million tons/day in wastewater treatment capacity [2][5][6]. Summary by Sections Company Overview - Xirong Environment is a state-controlled enterprise under the Chengdu State-owned Assets Supervision and Administration Commission, primarily engaged in water utility operations and expanding into waste incineration, leachate treatment, and sludge disposal. As of H1 2023, the company has operational, under-construction, and planned projects with a total capacity of approximately 9 million tons/day for water and wastewater treatment, 14,400 tons/day for waste incineration, and 8,430 tons/day for leachate treatment [5][19][20]. Water Utility Operations - The company's wastewater treatment and tap water revenues have shown a compound annual growth rate of 19.5% and 6.0%, respectively, over the past five years. The population in Chengdu has been growing at a CAGR of 1.38% over the past three years, increasing the demand for domestic water. The company expects a CAGR of approximately 8.9% for wastewater treatment revenue and 6.0% for tap water revenue from 2023 to 2026 [6][31][45]. Waste Incineration - The current operational capacity for waste incineration is 6,900 tons/day, with plans to reach 12,000 tons/day by 2026. The projected revenues from waste incineration for 2023-2026 are estimated at 649 million, 667 million, 678 million, and 896 million yuan, respectively, with a significant increase expected in 2026 [7][9]. Other Waste Management Services - The company is also involved in leachate treatment, sludge disposal, and kitchen waste disposal. The projected revenues from leachate treatment for 2023-2026 are estimated at 231 million, 264 million, 276 million, and 294 million yuan, respectively, with a compound annual growth rate of approximately 15.1% for sludge disposal [14][19][29]. Financial Analysis - The company is expected to achieve a compound annual growth rate of 11.0% in net profit attributable to shareholders from 2023 to 2025, with net profits projected at 1.84 billion, 2.04 billion, and 2.22 billion yuan for those years. The company's price-to-earnings (PE) and price-to-book (PB) ratios are at historical lows, indicating a high margin of safety and significant valuation advantages [9][19][29].

2025 年 3 月 13 日投资者关系活动记录表 编号：2025-07 证券代码：000598 证券简称：兴蓉环境 成都市兴蓉环境股份有限公司 | | 问题 1：请介绍公司 2024 年度经营业绩情况。 | | --- | --- | | | 答：2024 年，公司整体运营情况良好，经营业绩稳健增长，盈 | | | 利能力持续提升。根据公司已披露的 2024 年度业绩快报，报 | | | 告期内，公司实现营业收入约 90.49 亿元，同比增长 11.9%； | | | 归母净利润约 亿元，同比增长 19.96 8.28%。业绩增长的主要 | | | 影响因素包括：因合资合作、收并购和新项目建成投运等因素， | | | 报告期内公司自来水供应、污水处理及固废处置业务量同比增 | | | 加，以及污水处理服务费价格上调等。 | | | 问题 2：请问公司供水业务的调价机制。 | | | 答：根据国家政策规定和相关特许权协议约定，在满足相关调 | | | 价原则的情况下可向政府价格行政主管部门提交水价调整申 | | 投资者关系活动 | 请。供水价格的调整须经成本监审、听证会等程序通过后执行。 | | | 如遇国家 ...

Group 1: Pricing Mechanisms - The water pricing adjustment mechanism is based on national policies and agreements, requiring approval from government price authorities after cost audits and hearings [2][3] - The sewage treatment service fee is adjusted every 2 to 3 years, with a temporary adjustment possible due to significant cost changes [3] - The average sewage treatment service fee for Chengdu's central urban area for 2024-2026 is set at 2.63 CNY per ton [3] Group 2: Ongoing Projects - Current projects include Chengdu Water No. 7 Plant Phase III (remaining capacity of 400,000 tons/day) and several other water and sewage treatment facilities, expected to be operational within 1-2 years [4] - The Chengdu Wanxing Environmental Power Plant Phase III has a waste treatment capacity of 5,100 tons/day, with additional capacities for sludge and kitchen waste [4] Group 3: Policy Impact - Debt reduction policies are expected to enhance local government fiscal capabilities, positively impacting the water and environmental protection industry [5] - The company is actively monitoring policy developments and maintaining communication with the government to expedite project payments [5] Group 4: Dividend Considerations - The company aims for sustainable high-quality development, focusing on improving operational quality and profitability to provide stable returns to shareholders [7] - Future dividend levels will be enhanced while balancing operational funding needs [7]

债券代码：149193.SZ 债券简称：20 兴蓉 01 成都市兴蓉环境股份有限公司 | 序号 | 姓名 | 职务 | | | 任职起始日期 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 程进 | 董事 | 2025 | 年 | 3 | 月 | 5 | 日 | | 2 | 饶怡 | 总经理 | 2025 | 年 | 2 | 月 | 14 | 日 | | | 饶怡 | 董事 | 2025 | 年 | 3 | 月 | 5 | 日 | | 3 | 王彬 | 董事 | 2025 | 年 | 3 | 月 | 5 | 日 | | 4 | 贾飒飒 | 监事会主席 | 2025 | 年 | 3 | 月 | 5 | 日 | | 5 | 谢咏 | 监事 | 2025 | 年 | 3 | 月 | 5 | 日 | 程进，男，汉族，中共党员，1966 年生，环境工程专业，本 科学历硕士学位，高级工程师。曾任成都兴蓉市政设施管理有限 公司党支部书记、党总支书记、董事长。现任成都市兴蓉环境股 份有限公司董事。 饶怡，女，汉族，中共党员，1979 ...