Group 1: Financial Performance and Goals - The company aims to achieve a dual target of a market value of 100 billion and asset value of 100 billion [2] - As of Q1 2025, accounts receivable is approximately 4 billion, primarily from waste treatment fees and national subsidies [10] - The company plans to increase the dividend payout ratio to over 20% of net profit attributable to shareholders [13] Group 2: Project and Operational Updates - The company is involved in the integrated water supply and drainage pilot project in Xinyang, which has been successfully implemented [2] - The company has acquired 85% of the equity in Aolan Environmental Technology Co., Ltd. and 100% of Dunhua Zhongneng Environmental Power Co., Ltd. [9] - The company operates waste treatment projects in various districts of Zhengzhou, including the Central Plains District and the Economic Development Zone [1] Group 3: Subsidies and Financial Support - The company is actively applying for various subsidies, including green bond financial subsidies and high-tech enterprise policy subsidies [3] - National and provincial subsidies account for approximately 25% of the company's receivables [1] Group 4: Market Position and Strategy - The company maintains a leading position in the environmental protection industry, focusing on waste incineration and sewage treatment [13] - The company emphasizes compliance and risk management in overseas projects to ensure safety and sustainability [4] Group 5: Shareholder Engagement and Communication - The company has conducted multiple investor relations activities, including analyst meetings and performance briefings [1] - The company is committed to transparent communication with shareholders regarding acquisitions and financial performance [8]

上海段和段（郑州）律师事务所 关于城发环境股份有限公司 2024 年度股东大会的 法律意见书 二〇二五年五月 法律意见书 上海段和段（郑州）律师事务所 关于城发环境股份有限公司 2024 年度股东大会的 法律意见书 致：城发环境股份有限公司 三十四次会议决议公告》、《城发环境股份有限公司关于召开 2024 年 度股东大会的通知》（以下简称"《会议通知》"）以及其他与本次 股东大会相关的公告； 3.公司本次股东大会股权登记日（2025 年 5 月 15 日）的股东名 册、出席现场会议股东的到会登记记录及持股凭证资料； 4.公司本次股东大会议案及其他会议文件。 本所出具本法律意见书基于公司向本所提供的文件、所作出的陈 述和说明是完整、真实和有效的，公司保证一切足以影响本法律意见 书的事实和文件均已向本所披露，无任何隐瞒、疏漏之处。 本法律意见书仅供公司为本次股东大会之目的使用。未经本所事 先书面同意，本法律意见书不得向任何第三方提供，或被任何第三方 所依赖，或用作任何其他目的。本所律师同意将本法律意见书随本次 股东大会决议按有关规定予以公告。 上海段和段（郑州）律师事务所（以下简称"本所"）接受城发 环境股份有限 ...

城发环境股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚 假记载、误导性陈述或者重大遗漏。 证券代码：000885 证券简称：城发环境 编号：2025-040 特别提示： （一）本次会议没有增加、否决或修改提案的情况。 （二）本次会议不涉及变更以往股东大会已通过的决议。 （三）本次会议以现场投票和网络投票相结合的方式召开。 一、会议召开情况 （一）召开时间 现场会议召开时间：2025年5月20日（星期二）15：00； 网络投票时间：通过深圳证券交易所交易系统进行投票的时间为2025年5月 20日（星期二）9:15-9:25，9:30-11:30和13:00-15:00；通过互联网投票系统进行 投票的时间为2025年5月20日（星期二）9:15-15:00。 （二）现场会议召开地点：河南省郑州市郑东新区嘉苑路38号城发环境研发 中心10楼。 （三）召开方式：现场投票与网络投票相结合。 （四）召集人：公司董事会。 （二）现场会议出席的情况 经大会工作人员及见证律师的核对和统计，现场到会股东或代表共3人，代 表股数467,604,364股，占总股数的72 ...

Core Viewpoint - The company, Weili (300190.SZ), is initiating an asset divestiture to alleviate performance pressure as new business segments have not yet achieved scale effects [1][2]. Group 1: Asset Sale Details - Weili plans to transfer 100% equity of Dunhua Zhongneng Environmental Power Co., Ltd. to Chengfa Environment (000885.SZ) for a total consideration of approximately 323 million yuan, which includes a 100 million yuan transfer price and 223 million yuan in shareholder loans [1][2]. - After the transaction, Weili will no longer hold shares in Dunhua Zhongneng, and it will be excluded from Weili's consolidated financial statements [1]. Group 2: Financial Performance - In 2022, 2023, and the first three months of 2024, Dunhua Zhongneng reported revenues of 43.81 million yuan, 43.39 million yuan, and 10.35 million yuan, respectively, with net profits of 6.82 million yuan, 0.11 million yuan, and 0.05 million yuan [1]. - Weili's revenues for 2022, 2023, and 2024 are reported at 2.085 billion yuan, 2.212 billion yuan, and 2.048 billion yuan, with net losses of 450 million yuan, 197 million yuan, and 736 million yuan, totaling a cumulative loss of 1.383 billion yuan [2]. Group 3: Strategic Focus - The asset sale is aimed at optimizing the company's asset structure and focusing on its core business and bioenergy transition, which is essential for long-term stable development [2]. - Weili has been exploring new green energy projects, but most are still under construction and have not yet generated significant revenue, contributing to a decline in overall revenue for 2024 [2]. Group 4: Market Context - The environmental industry is facing cyclical pressures and increased competition, which has led Weili to reassess its traditional environmental engineering projects, resulting in a decrease in project execution compared to previous years [2][3]. - Chengfa Environment, the acquiring company, reported revenues of 6.611 billion yuan in 2024, reflecting a 1.36% year-on-year growth, and a net profit of 1.141 billion yuan, up 6.18% [3].

Group 1 - The core viewpoint of the article highlights recent corporate actions including share reductions and acquisitions among various companies [1] Group 2 - Yingboer plans to reduce its shareholding by no more than 2% of the company's total shares [1] - Weili intends to transfer 100% equity of its subsidiary to Chengfa Environment for 100 million yuan [1] - Aoxing Packaging proposes to repurchase company shares worth between 50 million to 100 million yuan [1] - Wenzhou Hongfeng's controlling shareholder plans to reduce its stake by no more than 1% [1] - Songyuan Safety has secured a project worth 440 million yuan from a well-known domestic automobile manufacturer [1]

Group 1 - Company Weili plans to transfer 100% equity of its wholly-owned subsidiary Dunhua Zhongneng Environmental Power Co., Ltd. to Chengfa Environment for a total consideration of approximately 323 million yuan, which includes a transfer price of 100 million yuan and shareholder loans of about 223 million yuan [3] - Company Wanrun New Energy has signed a business cooperation agreement with CATL to supply lithium iron phosphate products, with an estimated total supply of approximately 1.32 million tons from May 2025 to 2030, and a commitment for monthly procurement of at least 80% of the agreed supply [4] - Company Shouhua Gas intends to purchase bauxite resources through market-based methods, with a purchase amount not exceeding 30% of the latest audited total assets or 100% of net assets within 12 months [5] Group 2 - Company Gaon Environment received an administrative regulatory decision from the Beijing Securities Regulatory Bureau due to insufficient basis for goodwill impairment and inaccurate disclosure of related party transactions, resulting in a warning letter issued to the company and its key personnel [6] - Company Hongxin Electronics' subsidiary signed two contracts for computing power services and hardware procurement, with total contract amounts of 177 million yuan and 385 million yuan respectively, enhancing the company's market share in the AI business [7] - Company Shanghai Xinyang plans to invest 30 million yuan in the establishment of the Qixin Fund, focusing on investments in semiconductor, integrated circuits, AI, new materials, and advanced manufacturing sectors [8] Group 3 - Company Baiyunshan's subsidiary Guangzhou Pharmaceutical will be listed on the New Third Board starting May 20, 2025 [9] - Company Jincheng signed a service agreement for underground mining operations at the Komakau Copper Mine, with a total contract value of approximately 805 million USD over a five-year period [11] - Company Dongzhu Ecology signed an EPC general contracting agreement worth approximately 3.5 billion yuan for a land consolidation project in Laos, with a contract duration of three years [12] Group 4 - Company Youa signed a strategic cooperation framework agreement with Changsha Guokong Capital and Tsinghua Electronics Institute to promote the semiconductor industry upgrade in Changsha [13] Group 5 - Company Wanfeng plans to reduce its shareholding by up to 1.75% through block trading [15] - Company Hexing Packaging intends to repurchase shares worth between 50 million to 100 million yuan for employee stock ownership plans, with a maximum repurchase price of 4.67 yuan per share [17] - Company Zhaoxun Media plans to repurchase shares worth between 100 million to 200 million yuan for employee stock ownership plans, with a maximum repurchase price of 14.8 yuan per share [18]

维尔利（300190）公告，公司拟与城发环境（000885）签署股权转让协议，转让全资子公司敦化市中能 环保电力有限公司100%股权，股权转让价格为1亿元。此外，交易对方需承担截止标的股权交割日敦化 中能应向公司偿还的全部股东借款，合计约为人民币2.23亿元，最终金额以过渡期审计报告认定的金额 为准。本次交易对价由上述两部分构成，共计约3.23亿元。交易完成后，敦化中能将不再纳入维尔利合 并报表范围。 ...

Group 1 - The company achieved a revenue of 6.611 billion yuan in 2024, representing a year-on-year growth of 1.36%, and a net profit attributable to shareholders of 1.141 billion yuan, up 6.18% year-on-year [1] - In the first quarter of 2025, the company reported a revenue of 1.536 billion yuan, which is a 13.19% increase year-on-year, and a net profit of 273 million yuan, reflecting a year-on-year growth of 22.42% [1] - The management actively addressed investor concerns regarding asset management, accounts receivable, market capitalization management, integrated water supply and drainage strategy, development of renewable resources, technological innovation, and digital intelligence construction during the investor communication session [1] Group 2 - In 2025, the company aims to become an internationally renowned environmental technology group, focusing on optimizing the environmental industry layout and enhancing the operational efficiency of existing assets [2] - The company will implement a strategy centered on "three basics, one stability, and one breakthrough," emphasizing foundational work, grassroots efforts, and skill development to promote stable development and innovative breakthroughs [2] - The company plans to strengthen core capabilities in technological innovation, digital intelligence, and capital operations, while promoting asset-light transformation and optimizing business structure [2]

Core Insights - The company reported a revenue of 6.611 billion yuan for 2024, a year-on-year increase of 1.36%, with a net profit of 1.229 billion yuan, up 4.16% from the previous year [1] - In Q1 2025, the company achieved a total profit of 379 million yuan, a 21.16% increase year-on-year, and a net profit of 297 million yuan, up 19.08% [2] - The acquisition of 85% of Aolande Environment for 477 million yuan is expected to enhance the company's market position and operational capabilities [2][3] Financial Performance - For 2024, the company's main business revenue was 6.39 billion yuan, accounting for 96.66% of total revenue, with a net profit attributable to shareholders of 1.141 billion yuan [1] - The total assets of the company reached 30.708 billion yuan by the end of 2024, reflecting a 5.42% year-on-year increase, while the asset-liability ratio was 68.88% [1] - In Q1 2025, the company reported an operating income of 1.536 billion yuan, a 13.19% increase year-on-year, with a gross margin of 39.57% [2] Strategic Initiatives - The acquisition of Aolande Environment is seen as a significant step for the company to strengthen its position in the sanitation market, providing new growth opportunities and enhancing operational synergy [3] - The company plans to develop an integrated "big solid waste" industry ecosystem, focusing on waste disposal, heating, and medical waste projects [4] - Future business development will focus on expanding core businesses, developing growth areas, and optimizing existing business layouts [3][4] Market Expansion - The company aims to address fragmented water supply and drainage issues in Henan Province, with plans to integrate water supply and sewage projects [4] - The sanitation business has seen significant growth, with revenue and profits doubling over the past three years, and the acquisition of Aolande is expected to further increase market share [4] - The company is exploring new business avenues such as environmental equipment manufacturing and carbon trading, with a focus on innovative technologies and business models [5]

本报记者 肖艳青 值得一提的是，应收账款问题是环保行业的难题。数据显示，城发环境今年一季度末公司应收账款为 39.59亿元。对于公司加快应收账款回款问题，城发环境副总经理弓新刚表示，2025年应收账款纳入了 政府化债范围，另一方面90%的项目应收账款已经纳入政府年度预算，回款有较强保障。同时，城发环 境还通过加快垃圾焚烧发电改供热项目落地，提升非政府付费收入占比，减少应收账款。 具体看来，公司垃圾焚烧效益持续提升，项目厂用电率降低至12.26%；城市服务业务合同额、营收和 利润跨越式增长，落地13个环卫项目，新增合同额10亿元，成为公司新的业务支柱。公司去年落地27个 环保协同项目，完成10个垃圾焚烧项目改供热，供汽量同比提升29.62%，增加利润近5000万元。 在公司重点项目水务业务方面，据介绍，城发环境牵头编制的全国首个省级《供排水一体化整合方案》 在河南省信阳市试点落地已达百日，成为一城一企示范样板，目前全河南省已有33个市县完成摸排，信 阳模式将快速被复制。 城发环境在国内稳健发展的同时，国际业务已打开局面。据悉，公司将重点开发中亚、中东、东欧等陆 上"丝绸之路"国家，目前公司已对接埃及、乌兹别克斯 ...