Core Viewpoint - The company has announced a guarantee of 10 million yuan for its subsidiary, Gao You Tai Da Environmental Protection Co., Ltd., to support its financing needs [2][3][11]. Summary by Sections 1. Guarantee Overview - Gao You Tai Da Environmental Protection Co., Ltd. has applied for financing of 10 million yuan from Suzhou Bank, with a term of 12 months, guaranteed by its parent company, Tianjin Tai Da Environmental Protection Co., Ltd. [2][3]. 2. Guarantee Amount Review - The company's shareholders approved a guarantee limit of 19 million yuan for Gao You Tai Da Environmental Protection for the year 2025. Prior to this guarantee, the balance was 1.47 million yuan, which will increase to 2.47 million yuan after this guarantee [3]. 3. Basic Information of the Guaranteed Party - Gao You Tai Da Environmental Protection Co., Ltd. was established on December 9, 2015, with a registered capital of 106.51 million yuan. Its main business includes environmental project construction and operation management, waste incineration power generation, and related consulting services [4][5]. 4. Main Financial Indicators - The financial indicators for Gao You Tai Da Environmental Protection are not fully disclosed, but it is noted that there are no external guarantees, mortgages, or litigation issues as of now [5]. 5. Main Content of the Guarantee Agreement - The guarantee covers the principal and interest of the debt, overdue interest, penalties, and other related costs. The guarantee amount is set at 10 million yuan, with a joint liability guarantee method and a term of three years from the debt maturity date [6][7][8][10]. 6. Board of Directors' Opinion - The board believes that the guarantee is necessary for the subsidiary's operational needs and that the risks are manageable, especially since Gao You Tai Da Environmental Protection provides a counter-guarantee [11]. 7. Cumulative External Guarantee Amount - After this guarantee, the total amount of guarantees provided by the company and its subsidiaries will be 11.637 billion yuan, which is 202.88% of the company's latest audited net assets [12].

证券代码：000652 证券简称：泰达股份 公告编号：2025-106 天津泰达资源循环集团股份有限公司 三、被担保人基本情况 （一）基本信息 1. 公司名称：高邮泰达环保有限公司 关于为二级子公司高邮泰达环保提供 1,000 万元担保的公告 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。 特别风险提示: 公司及控股子公司提供担保的余额为 116.37 亿元，占公司最近一期经审计 净资产总额的202.88%，对负债率超过70%的控股子公司提供担保的余额为83.85 亿元，占公司最近一期经审计净资产总额的 146.18%，敬请投资者充分关注担保 风险。 一、担保情况概述 根据经营发展需要，天津泰达资源循环集团股份有限公司（以下简称"公司"） 的二级子公司高邮泰达环保有限公司（以下简称"高邮泰达环保"）向苏州银行 股份有限公司扬州邗江支行（以下简称"苏州银行"）申请融资 1,000 万元，期 限 12 个月。由公司的控股子公司天津泰达环保有限公司（以下简称"泰达环保"） 提供连带责任保证。 二、相关担保额度审议情况 经公司于 2024 年 12 月 30 日召开的 ...

Core Viewpoint - The company announced that its subsidiary, Gaoyou Taida Environmental Protection, has applied for a financing of 10 million yuan from Suzhou Bank, with a term of 12 months, guaranteed by its parent company Taida Environmental Protection [1] Financing Details - The financing amount is 10 million yuan, with a term of 12 months [1] - The total guarantee limit for Taida Environmental Protection in 2025 is set at 190 million yuan, with a remaining balance of 24.7 million yuan after this guarantee [1] - The available guarantee amount after this financing will be 165.3 million yuan [1] Financial Position - As of now, the total guarantee balance for the company and its subsidiaries is 11.637 billion yuan, which accounts for 202.88% of the most recent audited net asset total [1] - The board of directors believes that the associated risks are manageable [1]

Core Insights - The Tianjin state-owned enterprise reform sector saw a slight increase of 0.2% on October 31, with Haitai Development leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance Summary - Haitai Development (600082) closed at 4.72, up 6.07% with a trading volume of 399,300 shares and a turnover of 185 million yuan [1] - Guifaxiang (002820) closed at 12.80, up 3.90% with a trading volume of 137,100 shares and a turnover of 174 million yuan [1] - Tianbao Infrastructure (000965) closed at 4.38, up 2.10% with a trading volume of 861,500 shares and a turnover of 380 million yuan [1] - Other notable stocks include Jinmeng Technology (300334) at 7.50 (+1.90%), Bohai Chemical (600800) at 3.83 (+1.86%), and Jintou City Development (600322) at 2.51 (+1.21%) [1] Capital Flow Analysis - The Tianjin state-owned enterprise reform sector experienced a net inflow of 67.98 million yuan from institutional investors, while retail investors saw a net outflow of 84.03 million yuan [2][3] - The main capital inflow was observed in Tianbao Infrastructure (000965) with a net inflow of 49.38 million yuan, while Jin Kai New Energy (600821) faced a significant net outflow of 66.21 million yuan [3]

Market Overview - On October 29, the Tianjin state-owned enterprise reform sector fell by 0.13% compared to the previous trading day, with Gui Faxiang leading the decline [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Key stocks in the Tianjin state-owned enterprise reform sector showed mixed performance, with Jin Kai New Energy (600821) rising by 1.93% to close at 5.81, and Gui Faxiang (002820) falling by 3.39% to close at 12.55 [1][2] - The trading volume and turnover for notable stocks included: - Jin Kai New Energy: 455,800 shares traded, turnover of 263 million yuan - Tianjin Port (600717): 253,400 shares traded, turnover of 122 million yuan - Gui Faxiang: 141,400 shares traded, turnover of 178 million yuan [1][2] Capital Flow - The Tianjin state-owned enterprise reform sector experienced a net outflow of 85.1 million yuan from institutional investors, while retail investors saw a net inflow of 108 million yuan [2][3] - Notable capital flows for specific stocks included: - Tianjin Investment City Development (600322): Net inflow of 24.4 million yuan from institutional investors - Jin Kai New Energy (600821): Net inflow of 13.05 million yuan from institutional investors - Gui Faxiang (002820): Net outflow of 9.5 million yuan from institutional investors [2][3]

证券代码：000652 证券简称：泰达股份 公告编号：2025-104 天津泰达资源循环集团股份有限公司 关于收到非公开发行低碳转型挂钩公司债券符合深交所挂牌条件无 根据《无异议函》，公司申请确认发行面值不超过 10 亿元人民币的天津泰 达资源循环集团股份有限公司 2025 年面向专业投资者非公开发行低碳转型挂钩 公司债券（以下简称"债券"）符合挂牌条件，深交所无异议；公司应当自《无 异议函》出具之日起十二个月内正式向深交所提交挂牌转让申请文件，逾期未提 交的，《无异议函》自动失效。 异议函的公告 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。 天津泰达资源循环集团股份有限公司（以下简称"公司"）于近日收到深圳 证券交易所（以下简称"深交所"）出具的《关于天津泰达资源循环集团股份有 限公司非公开发行低碳转型挂钩公司债券符合深交所挂牌条件的无异议函》（深 证函〔2025〕1014 号，以下简称"《无异议函》"）。 天津泰达资源循环集团股份有限公司 董 事 会 2025 年 10 月 29 日 1 公司将按照相关法律法规、《无异议函》要求和公司股东会的授权，在有效 ...

证券代码：000652 证券简称：泰达股份 公告编号：2025-105 天津泰达资源循环集团股份有限公司 关于控股子公司泰达环保发行资产支持票据获得《接受注册通知书》 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。 天津泰达资源循环集团股份有限公司（以下简称"公司"）控股子公司天津 泰达环保有限公司（以下简称"泰达环保"）于近日收到中国银行间市场交易商 协会（以下简称"交易商协会"）出具的《接受注册通知书》（中市协注【2025】 ABN127 号），交易商协会决定接受泰达环保绿色定向资产支持票据注册。《接 受注册通知书》主要内容如下： 天津泰达资源循环集团股份有限公司 董 事 会 2025 年 10 月 29 日 1 一、泰达环保绿色资产支持票据注册金额为 5.6 亿元，注册额度自《接受注 册通知书》落款之日起 2 年内有效，由中国银河证券股份有限公司、上海浦东发 展银行股份有限公司、光大证券股份有限公司、中国建设银行股份有限公司和中 国邮政储蓄银行股份有限公司联席主承销，每期发行前确定当期主承销商。 二、泰达环保在注册有效期内可分期发行绿色资产支持票 ...

Group 1: Strategic Restructuring - The company has rebranded itself as "Tianjin TEDA Resource Recycling Group Co., Ltd." to focus on circular economy, specifically in solid waste recycling, material recycling, and carbon asset management [1] - This strategic shift marks a transition from a diversified investment platform to a focused approach, emphasizing the importance of clarity and foresight in its strategy [1] Group 2: Environmental Performance - The company achieved a historical high in its core business of solid waste treatment, processing 4.548 million tons from January to September 2025, a 30% year-on-year increase [1] - Biomass waste processing reached 74,580 tons, with a remarkable growth of 160%, showcasing the effectiveness of capacity integration [1] - Electricity generation reached 2.097 billion kWh, nearly a 50% increase, indicating the maturity of the "incineration + energy supply" model [1] Group 3: Technological Advancements - TEDA Clean achieved a revenue of 51.05 million yuan from January to September, a nearly 30% year-on-year increase, with a significant reduction in net losses by 96% [2] - The collaboration with Osron has resulted in a more than twofold increase in cumulative sales, particularly in high-temperature resistant materials [2] - The company has broken through production capacity bottlenecks, doubling key production capacity through equipment upgrades [2] Group 4: Carbon Asset Management - TEDA Carbon Management, as Tianjin's first state-owned carbon asset management company, has gained industry recognition, marking the monetization phase of its "dual carbon" strategy [3] - The "TEDA Smart Carbon Cloud" project won an award for carbon footprint management, providing carbon management services to various industries [3] - The company is transforming carbon assets into quantifiable and operational green capital, demonstrating its professional capabilities in the field [3] Group 5: ESG Transition - The company's ESG performance has been rated AA for three consecutive years and included in the top 100 best practices for ESG among Chinese listed companies [4] - The transition from mere reporting to actionable initiatives in sustainability is evident, with a focus on technology-driven carbon reduction and resource recycling [4] - The company is integrating sustainable development into its strategic framework, moving beyond compliance to substantive transformation [4] Group 6: Future Outlook - The company is positioned for long-term growth, emphasizing sustained efforts in the right direction rather than chasing short-term trends [5] - The transition is likened to a marathon, with significant groundwork laid over the past five years, now moving towards broader horizons in the upcoming "15th Five-Year Plan" [5]

Market Performance - The Shanghai Composite Index rose by 1.18% on October 27, with 28 industries experiencing gains, led by the communication and electronics sectors, which increased by 3.22% and 2.96% respectively [1] - The comprehensive industry ranked third in terms of daily gains, while the media, food and beverage, and real estate sectors saw declines of 0.95%, 0.20%, and 0.11% respectively [1] Capital Flow - The main capital flow showed a net outflow of 136 million yuan across the two markets, with 12 industries experiencing net inflows [1] - The electronics industry had the highest net inflow of 6.112 billion yuan, followed by the non-ferrous metals sector with a net inflow of 2.529 billion yuan and a daily increase of 2.39% [1] - The power equipment industry faced the largest net outflow of 3.354 billion yuan, followed by the automotive sector with a net outflow of 2.176 billion yuan [1] Comprehensive Industry Analysis - The comprehensive industry increased by 2.68% with a total net inflow of 315 million yuan, comprising 16 stocks, of which 9 rose and 1 hit the daily limit [2] - The top net inflow stock in the comprehensive industry was Dongyangguang, with an inflow of 246 million yuan, followed by Zhangzhou Development and Teli A with inflows of 105 million yuan and 2.114 million yuan respectively [2] - The stocks with the highest net outflows included Yueda Investment, Yuegui Co., and Nanjing Xinbai, with outflows of 36.744 million yuan, 25.488 million yuan, and 11.875 million yuan respectively [2]

证券代码：000652 证券简称：泰达股份 公告编号：2025-102 表决结果：以同意 8 票、反对 0 票、弃权 0 票获得通过。 本议案在提交董事会审议前，已经公司第十一届董事会审计委员会 2025 年 第七次会议审议通过并同意将该议案提报董事会审议。 天津泰达资源循环集团股份有限公司 第十一届董事会第二十四次（临时）会议决议公告 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。 一、董事会会议召开情况 天津泰达资源循环集团股份有限公司（以下简称"公司"）第十一届董事会 第二十四次（临时）会议通知于 2025 年 10 月 20 日以电话和电子邮件方式向全 体董事发出。本次会议于 2025 年 10 月 24 日在公司 15 层报告厅以现场结合通讯 方式召开。应出席董事八人，实际出席八人（以视频方式出席会议六人）。董事 王卓先生、董事徐阳雪先生、董事赵忱先生、独立董事李莉女士、独立董事葛顺 奇先生和独立董事刘晓纯先生以视频会议方式出席了本次会议。董事长周志远先 生主持会议，部分公司高级管理人员列席会议。会议符合《公司法》和《公司章 程》等相关规定。 二、董 ...