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 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥5,258,166,422.79, representing a year-on-year increase of 23.55%[3] - Net profit attributable to shareholders decreased by 88.04% to ¥4,597,608.06 compared to the same period last year[3] - The basic earnings per share fell by 88.04% to ¥0.0031, while diluted earnings per share also decreased by the same percentage[3] - Operating revenue for the current period was RMB 14.04 billion, down from RMB 14.37 billion in the previous period, a decrease of about 2.3%[17] - The net profit for the current period is 4,155,447.57, a decrease of 83.6% compared to 25,236,698.90 in the previous period[18] - Operating profit decreased to 42,749,247.51, down 61.9% from 112,060,873.43 in the previous period[18] - Total profit for the current period is 38,321,582.32, a decline of 64.7% from 108,545,922.36 in the previous period[18] - The company reported a net profit margin of approximately 3.0% based on the operating revenue and total operating costs[17] - The company reported a total comprehensive income of -7,552,449.58, a significant drop from 26,023,178.19 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥41,973,596,332.65, down 7.51% from the end of the previous year[3] - Total assets decreased from RMB 45.38 billion at the beginning of the period to RMB 41.97 billion at the end of the period, a reduction of approximately 7.5%[13][15] - Total liabilities decreased from RMB 38.96 billion to RMB 35.63 billion, a reduction of approximately 8.0%[15] - The company's cash and cash equivalents decreased from RMB 3.35 billion to RMB 2.76 billion, a decline of about 17.1%[13] - Accounts receivable decreased from RMB 10.89 billion to RMB 8.28 billion, a reduction of approximately 24.0%[13] - Inventory increased from RMB 12.10 billion to RMB 12.80 billion, an increase of about 5.7%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 46.42% to ¥11,001,668.12[3] - The company reported a net cash flow from operating activities of 11,001,668.12, an increase from 7,514,022.95 in the previous period[20] - Cash flow from investment activities generated a net inflow of 2,205,469,496.95, compared to a net outflow of 372,077,624.36 in the previous period[21] - Cash and cash equivalents at the end of the period increased to 692,116,080.74 from 287,038,533.64 in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,812[9] - The largest shareholder, Tianjin TEDA Investment Holding (Group) Co., Ltd., holds 32.98% of the shares, amounting to 486,659,104 shares[9] Future Plans - The company plans to issue low-carbon transformation bonds not exceeding RMB 2 billion, with a maturity of up to 10 years, supported by a guarantee from a related party[10] - The company intends to repurchase shares with a total fund of RMB 35 million to 70 million, at a price not exceeding RMB 5.89 per share, with a maximum of 4,164,689 shares repurchased as of September 30, 2025[12] Other Financial Metrics - The weighted average return on equity was 0.08%, a decrease of 0.58 percentage points compared to the previous year[3] - Non-recurring gains and losses for the current period totaled -¥15,181,324.90, with significant impacts from asset disposal losses and government subsidies[4] - The company reported a decrease in investment income and fair value changes, contributing to the decline in net profit[7] - The company incurred financial expenses of 435,124,315.24, slightly up from 423,089,458.04 in the previous period[18] - Research and development expenses decreased to 26,041,478.28 from 29,170,533.33 in the previous period[18] - Total operating costs decreased from RMB 14.50 billion to RMB 14.19 billion, a reduction of approximately 2.1%[17]

Market Overview - On October 20, the comprehensive sector rose by 0.26% compared to the previous trading day, with the Shanghai Sanmao leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - Shanghai Sanmao (600689) closed at 14.26, with a gain of 4.93% and a trading volume of 71,200 shares, amounting to a turnover of 100 million yuan [1] - Yuegui Co. (000833) closed at 14.86, up 3.55%, with a trading volume of 638,100 shares and a turnover of 951 million yuan [1] - Nanjing Public Utilities (000421) closed at 6.90, gaining 3.45%, with a trading volume of 446,400 shares and a turnover of 30.4 million yuan [1] - Other notable stocks include Sanmu Group (000632) with a 2.05% increase, Ningbo United (600051) up 1.82%, and Tianchen Co. (600620) up 1.80% [1] Capital Flow - The comprehensive sector experienced a net outflow of 88.57 million yuan from main funds, while retail investors saw a net inflow of 103 million yuan [2] - The net outflow from speculative funds was 14.76 million yuan [2] Individual Stock Capital Flow - Yuegui Co. (000833) had a main fund net outflow of 59.84 million yuan, with retail investors contributing a net inflow of 44.73 million yuan [3] - Nanjing Public Utilities (000421) saw a net inflow of 24.57 million yuan from main funds, while retail investors had a net outflow of 30.74 million yuan [3] - Tianchen Co. (600620) experienced a net outflow of 3.75 million yuan from main funds, but retail investors contributed a net inflow of 4.89 million yuan [3]

Market Overview - On October 17, the Tianjin state-owned enterprise reform sector fell by 2.19% compared to the previous trading day, with Baili Electric leading the decline [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Key stocks in the Tianjin state-owned enterprise reform sector showed mixed performance, with Guifaxiang rising by 4.13% to a closing price of 12.86, while Baili Electric dropped by 6.69% to 6.56 [2] - The trading volume and turnover for Guifaxiang were 263,400 shares and 337 million yuan, respectively [2] Capital Flow - The main funds in the Tianjin state-owned enterprise reform sector experienced a net outflow of 180 million yuan, while retail investors saw a net inflow of 204 million yuan [2][3] - The capital flow data indicates that Guifaxiang had a net inflow of 28.86 million yuan from main funds, while Tianjin Port saw a net outflow of 4.73 million yuan [3]

Market Overview - On October 15, the comprehensive sector rose by 0.81% compared to the previous trading day, with the Shanghai Composite Index closing at 3912.21, up 1.22%, and the Shenzhen Component Index closing at 13118.75, up 1.73% [1]. Top Gainers - Nanjing New Hundred (600682) led the gains with a closing price of 7.68, up 3.23%, with a trading volume of 233,200 shares and a transaction value of 176 million [1]. - Zhangzhou Development (000753) followed closely with a closing price of 7.99, up 3.10%, trading 497,300 shares worth 392 million [1]. - Tianchen Co., Ltd. (600620) closed at 6.28, up 1.95%, with a trading volume of 73,900 shares and a transaction value of 45.89 million [1]. Market Capital Flow - The comprehensive sector experienced a net outflow of 97.59 million from institutional funds, while retail funds saw a net inflow of 46.55 million [2]. - The net inflow from speculative funds was 51.05 million, indicating a mixed sentiment among different investor types [2]. Individual Stock Fund Flow - Nanjing New Hundred (600682) had a net outflow of 35.75 million from institutional funds, while retail investors saw a net outflow of 3.13 million [3]. - Zhangzhou Development (000753) experienced a net inflow of 10.68 million from institutional funds, but a net outflow of 1.96 million from retail investors [3]. - Red Cotton Co., Ltd. (000523) had a net inflow of 6.56 million from institutional funds, while retail investors also faced a net outflow of 207,480 [3].

Core Viewpoint - On October 9, the company announced that as of September 30, 2025, it has repurchased a total of 4,164,689 shares through a dedicated securities account via centralized bidding, representing 0.282% of the company's current total share capital [1] Summary by Category - **Share Repurchase Details** - The company has repurchased 4,164,689 shares [1] - This amount constitutes 0.282% of the total share capital [1]

Group 1 - The company, Teda Co., announced a share buyback program, having repurchased approximately 4.16 million shares, which represents 0.282% of its total share capital, with a total expenditure of about 17.74 million yuan [1][1][1] - The highest and lowest prices for the repurchased shares were 4.44 yuan and 4.01 yuan per share, respectively [1][1][1] - As of the report date, Teda Co. has a market capitalization of 6.2 billion yuan [1][1][1] Group 2 - For the first half of 2025, the company's revenue composition was as follows: wholesale industry accounted for 89.05%, environmental management for 9.89%, construction for 0.44%, textile and apparel for 0.37%, and real estate for 0.26% [1][1][1]

证券代码：000652 证券简称：泰达股份 公告编号：2025-101 天津泰达资源循环集团股份有限公司 关于股份回购进展情况的公告 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"泰达股份"或"公司"） 分别于 2025 年 6 月 24 日和 7 月 11 日召开第十一届董事会第十九次（临时）会 议和 2025 年第四次临时股东大会，审议通过《关于回购公司股份方案的议案》， 同意公司使用回购专项贷款及自有资金以集中竞价交易方式回购部分公司股份， 用于注销并减少公司注册资本。本次回购资金总额为人民币 3,500 万元至 7,000 万元，回购股份的价格不高于 5.89 元/股，回购的具体回购股份数量以回购期满 时实际回购的股份数量为准，回购股份实施期限为自公司股东大会审议通过本次 回购股份方案之日起不超过十二个月。上述具体内容详见公司于 2025 年 6 月 26 日和 2025 年 7 月 12 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《第十 一届董事会第十九次（临时）会议决议公告 ...