证券代码：000598 证券简称：兴蓉环境 公告编号：2025-28 成都市兴蓉环境股份有限公司 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。 一、股东大会审议通过利润分配方案情况 （一）成都市兴蓉环境股份有限公司（以下简称：本公司或公司）， 度股东大会审议通过，公司以现有总股本2,984,434,721股为基数，向 全 体 股 东 每 10 股 派 送 现 金 股 利 1.87 元 （ 含 税 ） ， 预 计 派 发 现 金 后，剩余未分配利润转入下一年度。 如在实施权益分派的股权登记日前公司总股本发生变动的，公司 拟维持每股分配比例不变，相应调整分配总额。 （四）本次实施分配方案距离股东大会审议通过的时间未超过两 个月。 二、本次实施的利润分配方案 本 公 司 2024 年 度 利 润 分 配 方 案 为 ： 以 公 司 现 有 总 股 本 税）。扣税后，通过深股通持有股份的香港市场投资者、A股合格境 外机构投资者（QFII、RQFII）每10股派现金1.683元；持有股权激励 限售股、无限售流通股的个人股息红利税实行差别化税率征收，先按 每10股派现金 ...

Group 1: Company Overview - The company is a leading comprehensive water and environmental service provider in China, with a complete industry chain including investment, research and development, design, construction, and operation [2]. - Current operational and construction capacities include: - Water supply projects: approximately 4.3 million tons/day - Wastewater treatment projects: over 4.8 million tons/day - Reclaimed water utilization projects: approximately 1.3 million tons/day - Waste incineration power generation: 12,000 tons/day - Leachate treatment: 8,430 tons/day - Sludge disposal: 3,116 tons/day - Kitchen waste disposal: 1,950 tons/day [3]. Group 2: Pricing Mechanisms - Water pricing adjustments are submitted to government price authorities based on national policies and agreements, requiring cost audits and public hearings [5]. - Wastewater treatment service fees are adjusted every 2 to 3 years, with a current tentative average price of 2.63 RMB/ton for the 2024-2026 period in Chengdu [6]. Group 3: Project Developments - The Chengdu Wanxing Environmental Power Plant (Phase III) is under construction, with a waste processing capacity of 5,100 tons/day, sludge processing of 800 tons/day, and kitchen waste processing of 800 tons/day, expected to be operational by 2026 [7]. Group 4: Accounts Receivable Management - As of the end of 2024, accounts receivable amounted to approximately 4 billion RMB, with improvements in collection in some regions [8]. - The company emphasizes accounts receivable management and actively engages in collection efforts, integrating this into performance assessments. Group 5: Market Expansion Strategy - The company focuses on national expansion in the water and environmental service sector, particularly in the Chengdu market, while exploring resource integration and niche markets nationwide [8]. Group 6: Capital Expenditure and Dividends - Significant capital expenditures are expected due to multiple ongoing water supply and waste projects, with a gradual decrease anticipated as projects become operational in the next 1-2 years [8]. - The company is committed to increasing cash dividend ratios as major projects are completed and capacity is released [8].

成都市兴蓉环境股份有限公司 2024 年度利润分配实施公告 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。 一、股东大会审议通过利润分配方案情况 （一）成都市兴蓉环境股份有限公司（以下简称：本公司或公司）， 2024年度利润分配方案已获得公司于2025年5月9日召开的2024年年 度股东大会审议通过，公司以现有总股本2,984,434,721股为基数，向 全体股东每10股派送现金股利1.87元（含税），预计派发现金 558,089,292.83元（含税）。本次不进行资本公积转增股本，利润分配 后，剩余未分配利润转入下一年度。 如在实施权益分派的股权登记日前公司总股本发生变动的，公司 拟维持每股分配比例不变，相应调整分配总额。 证券代码：000598 证券简称：兴蓉环境 公告编号：2025-28 （二）自2024年度利润分配方案披露至实施期间，公司股本总额 未发生变化。 （三）本次实施的分配方案与2024年年度股东大会审议通过的分 配方案一致。 （四）本次实施分配方案距离股东大会审议通过的时间未超过两 个月。 二、本次实施的利润分配方案 本公司 2024 年 度 ...

Core Viewpoint - The report from Cinda Securities highlights the increasing demands for environmental quality and low-carbon industrial development during the 14th Five-Year Plan, indicating that energy conservation, environmental protection, and resource recycling are expected to maintain high prosperity levels [1] Group 1: Market Performance - As of June 6, the environmental protection sector rose by 0.46%, underperforming the broader market; the water governance sector increased by 1.38%, while the waste incineration sector declined by 0.31% [2] - The air governance sector saw an increase of 1.01%, while the solid waste sanitation sector dropped by 6.55% [2] Group 2: Industry Dynamics - The Ministry of Ecology and Environment released the "2024 China Ecological Environment Status Bulletin," indicating continuous improvement in national ecological environment quality, with an increase in the proportion of days with good air quality and a decrease in heavy pollution days [2] - A joint implementation plan for ecological protection compensation mechanisms along major rivers was announced, aiming for a stable operation by 2027 and comprehensive coverage by 2035 [2] Group 3: Policy Developments - The National Development and Reform Commission and the National Energy Administration issued a notice promoting the development of green electricity direct connection, which supports the integration of renewable energy production and consumption [3] - This policy is expected to optimize grid allocation and facilitate collaboration between waste incineration power generation and data centers, with several environmental companies actively exploring this new model [3] Group 4: Recommended Companies - Key recommendations include: Huanlan Environment (600323.SH), Xingrong Environment (000598.SZ), and Hongcheng Environment (600461.SH) for their stable profitability and positive cash flow [1] - Companies to watch include: Wangneng Environment (002034.SZ), Junxin Co., Ltd. (301109.SZ), Wuhan Holdings (600168.SH), and others [1]

Group 1 - The municipal environmental protection sector is characterized by stable profitability, improved cash flow, and opportunities in environmental dividend assets due to debt reduction and water price adjustments. High dividend stocks are emerging in the municipal water and solid waste sectors, with companies like Guangdong Investment, Yongxing Co., Hongcheng Environment, and others recommended for investment [4][30][28] - The integration of AI is driving secondary growth in the municipal environmental protection sector, particularly through solid waste management and AI Data Centers (AIDC). The collaboration between waste incineration and AIDC can significantly enhance profitability and cash flow for waste management companies [4][34][37] - The report highlights the acceleration of water price adjustments across various regions, with 17 areas having raised water prices since January 2024. This trend is expected to enhance the profitability of water service companies [18][20][21] Group 2 - The report emphasizes the importance of stable revenue and income in municipal water and solid waste operations, which are essential for urban functioning. The cost structure primarily consists of depreciation, amortization, and labor costs, ensuring long-term profitability through a franchise model [17][9] - The report outlines a significant reduction in capital expenditures (Capex) within the municipal environmental sector, leading to improved free cash flow and dividend rates. This trend is expected to continue as the industry matures [23][25] - The introduction of a 12 trillion yuan debt reduction plan is anticipated to benefit the environmental protection sector, particularly companies with high dividend yields and significant accounts receivable, such as Hongcheng Environment and Yongxing Co. [27][28]

Group 1: Pricing Mechanisms - The water pricing adjustment mechanism requires submission to government price authorities, following cost audits and public hearings [2] - The sewage treatment service fee is adjusted annually or biannually based on agreements with government entities, with provisions for temporary adjustments due to significant cost changes [3] Group 2: Project Developments - The Chengdu Wanxing Environmental Power Plant (Phase III) is under construction, with a capacity of 800 tons/day for kitchen waste, expected to be operational by 2026 [3] Group 3: Accounts Receivable Management - As of the end of 2024, the company's accounts receivable balance is approximately 4 billion yuan, reflecting increased business scale [3] - The company emphasizes accounts receivable management and has integrated collection efforts into performance assessments [3] Group 4: Future Capital Expenditure and Dividends - The company has significant capital expenditures due to multiple water supply and waste projects, which are expected to decrease as projects become operational in the next 1-2 years [4] - The company aims to enhance shareholder returns by increasing cash dividend ratios once major projects are operational [4]

Group 1 - The company approved a new related party transaction for centralized procurement of cationic polyacrylamide agents for the years 2025-2027, with a total estimated contract amount of 61.6147 million yuan (including tax), potentially increasing to 70.8569 million yuan (including tax) with allowable supplementary procurement [2] - The board meeting was attended by 9 directors, with 8 non-related directors voting in favor of the proposal, and the independent directors had already reviewed the matter prior to the board meeting [2][3] - The company also approved revisions to the "Internal Audit System," renaming it to "Internal Audit Management System," with unanimous support from all directors present [2][3] Group 2 - The company approved revisions to the "Management Measures for the Use of Audit Results," with unanimous support from all directors present [2][3]

第二条 审计定义 成都市兴蓉环境股份有限公司 内部审计管理制度 （经 2025 年 5 月 30 日公司第十届董事会第二十三次会议审议通过） 第一章 总则 第一条 目的和依据 为规范成都市兴蓉环境股份有限公司（以下简称：公司）内部审计工 作，构建集中统一、全面覆盖、权威高效的审计监督体系，加强企业内部 监督和风险控制，依据《中华人民共和国公司法》《中华人民共和国审计 法》《中国内部审计准则》《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》《审计署 关于内部审计工作的规定》《企业内部控制基本规范》和《成都市属国有 企业内部审计管理办法》等有关法律法规，结合公司实际，制定本制度。 本制度所称内部审计是指公司各级内部审计机构和人员依据国家有 关法律法规和公司内部管理规定，受上级单位委托或自行决定，对本公司 及其下属各级公司的战略执行、财务收支、经济活动、内部控制、风险管 理以及内部管理领导人员履行经济责任情况等，实施独立、客观监督并作 出评价和建议，提升企业治理水平和风险防范能力的行为。 第三条 审计机构定义 本制度所称内部审计机构是指公司各级公司设立的独立内 ...

证券代码：000598 证券简称：兴蓉环境 公告编号：2025-27 成都市兴蓉环境股份有限公司 （二）审批程序 本次关联交易经公司独立董事专门会议审议通过，全体独立董事 同意后提交公司董事会审议。公司已于 2025 年 5 月 30 日召开第十届 董事会第二十三次会议审议通过该议案。关联董事刘嫏女士在审议该 1 关于因公开招标新增关联交易的公告 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。 一、关联交易基本情况 （一）关联交易概述 成都市兴蓉环境股份有限公司（以下简称：公司）全资子公司成 都市排水有限责任公司（以下简称：排水公司）通过公开招标实施 2025 年-2027 年聚丙烯酰胺（阳离子）药剂集中采购，经评审和公示，确 定成都汇锦水务发展有限公司（以下简称：汇锦水务公司）为中标人。 根据中标结果，本次采购合同金额合计为人民币 6,161.47 万元（含 税），加上合同允许的增补采购额度（不超过合同金额的 15%），金额 预计不超过 7,085.69 万元（含税）。药剂采购单位包括公司合并报表 范围内 18 家下属公司，中标人汇锦水务公司为公司关联方，因 ...

证券代码：000598 证券简称：兴蓉环境 公告编号：2025-26 成都市兴蓉环境股份有限公司 第十届董事会第二十三次会议决议公告 与会董事对议案进行了审议，形成如下决议： 一、审议通过《关于新增关联交易的议案》。 同意2025年-2027年聚丙烯酰胺（阳离子）药剂集中采购关联交易 事项。本次交易经公开招标产生，合同金额（暂估）合计为6,161.47 万元（含税），加上合同允许的增补采购额度（不超过合同金额的15%）， 金额预计不超过7,085.69万元（含税）。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 《关于因公开招标新增关联交易的公告》（公告编号：2025-27）。 关联董事刘嫏女士回避表决，8名非关联董事进行了表决。 表决结果：8票同意、0票反对、0票弃权。 该议案在提交董事会审议前已经独立董事专门会议审议通过。 二、审议通过《关于修订<内部审计制度>的议案》。 同意修订《内部审计制度》，并更名为《内部审计管理制度》， 修订后的《内部审计管理制度》详见同日巨潮资讯网。 表决结果：9票同意、0票反对、0票弃权。 本公司及董事会全体成员保证 ...