城发环境公告称，全资子公司城发水务拟以1.49亿元公开挂牌转让其持有的城发生态100%股权，受让 方为控股股东子公司城发投资，构成关联交易，无需提交股东会审议，不构成重大资产重组。截至2025 年6月30日，城发生态营收236.39万元，净利润344.12万元。交易完成后，城发生态不再纳入公司合并报 表。2025年1月1日至公告披露日，公司与关联方累计关联交易额7.64亿元。此次转让可聚焦主业，优化 资源，资金用于生产经营。 ...

Core Viewpoint - The company is actively managing its cash flow and is optimistic about the impact of recent government policies on its accounts receivable turnover Group 1: Stock Performance - As of December 25, 2025, the company's stock closed at 13.79 yuan, with no change in price, a turnover rate of 0.52%, a trading volume of 33,500 shares, and a transaction amount of 46.2479 million yuan [1] Group 2: Cash Management - The company adheres to a strict liquidity risk control policy in managing its cash, focusing on liquidity and safety by depositing part of its funds in banks to ensure liquidity and earn interest [2][5] Group 3: Shareholder Information - As of December 20, the total number of shareholders in the company was 21,498 [3] Group 4: Accounts Receivable - The recent introduction of the "Accelerate and Strengthen the Cleanup of Arrears to Enterprises Action Plan" is seen as a positive signal for the company, potentially aiding in the acceleration of accounts receivable turnover and improving cash flow efficiency [3] Group 5: Profit from Asset Disposal - The sale of the company's stake in Walkman for 100 million yuan is expected to generate a certain profit, primarily due to the one-time recognition of internal unrealized profits from the equity disposal, with final figures to be confirmed in the annual audited financial report [4] Group 6: Capital Flow - On December 25, there was a net outflow of 9.9877 million yuan from major funds, indicating a cautious attitude from major investors towards the company's stock, while retail investors showed a net inflow of 7.1988 million yuan [6]

（文章来源：证券日报） 证券日报网讯 12月25日，城发环境在互动平台回答投资者提问时表示，截至12月20日，公司股东人数 合计21498户。 ...

证券日报网讯12月15日，城发环境（000885）在互动平台回答投资者提问时表示，截至12月10日，公司 股东人数合计21569户。 ...

Core Insights - The report emphasizes the investment themes for 2026 in the environmental sector, focusing on overseas expansion, carbon reduction, and pollution control as key strategies under the "14th Five-Year Plan" [3][6] - The environmental industry is experiencing a transition as domestic infrastructure peaks, with a projected 4.9% year-on-year growth in sector performance for the first three quarters of 2025 [6][28] Policy Guidance - The "14th Five-Year Plan" has not yet met carbon reduction targets, indicating a need for continued efforts in this area, while other environmental goals have been largely achieved [22][24] - The "15th Five-Year Plan" aims to synergize carbon peak and neutrality goals with pollution reduction and green growth initiatives [6][24] Overseas Expansion - The report identifies significant market opportunities in Southeast Asia and Central Asia for waste incineration, with a potential market size in the hundreds of billions [7] - Indonesia's upcoming waste incineration projects are highlighted, with expectations for rapid development starting in Q1 2026, supported by sovereign fund investments [7] - Key companies positioned for overseas expansion include Weiming Environmental, China Everbright, and others [7] Carbon Reduction - The carbon market is evolving, with ongoing improvements in the carbon emission control system and an expected rise in carbon prices [8] - Non-electric green energy sectors, such as renewable energy heating and biofuels, are anticipated to benefit from policy support and growing domestic demand [8] - Companies like Zhuoyue New Energy are noted for their potential in the biofuel sector, particularly in the context of EU anti-dumping influences subsiding [8] Pollution Control - The water and air sectors are expected to see continued investment in pollution control, with companies like Xingrong Environment and Aofu Technology highlighted for their growth potential [9] - The report notes that the implementation of the National VI emissions standards will create opportunities in the automotive emissions control market [9] Diverse Investment Opportunities - The report outlines various investment opportunities arising from new production capabilities, cyclical trends, and debt management strategies within the environmental sector [10] - Companies involved in smart technologies and battery materials are identified as potential beneficiaries of these trends [10]

Group 1 - The company has confirmed that it has received the full payment for the equity transfer of Walkman, which is no longer included in the company's consolidated financial statements [1] - The company provided information regarding the revenue and profit of Walkman for the third quarter of last year in response to an investor inquiry [1] - The completion of the industrial and commercial registration change for Walkman has been finalized [1]

Group 1 - The company has received the full payment for the equity transfer of Walkman [1] - Walkman has completed the industrial and commercial change registration and is no longer included in the company's consolidated financial statements [1]

债券简称: 25 环境 01 债券代码:524337.SZ 国泰海通证券股份有限公司 关于城发环境股份有限公司以公开挂牌方式转让全资子公 司 100%股权进展暨完成工商变更登记事项 的临时受托管理事务报告 受托管理人 国泰海通证券股份有限公司 GUOTAI HAITONG SECURITIES CO., LTD. (住所:中国(上海)自由贸易试验区商城路 618 号) 二〇二五年十二月 重要声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》《城发环境股份有限公司 2024 年面向专业投资者公开发行公司债券之债 券受托管理协议》等相关规定和约定、公开信息披露文件以及城发环境股份有限 公司(以下简称公司、城发环境或发行人)出具的相关说明文件以及提供的相关 资料等,由受托管理人国泰海通证券股份有限公司(以下简称国泰海通证券)编 制 。 本报告不构成对投资者进行或不进行某项行为的推荐意见,投资者应对相关 事宜做出独立判断。 1 一、发行人以公开挂牌方式转让全资子公司 100%股权进展 暨完成工商变更登记事项 根据发行人披露的《城发环境股份有限公司关于以公开挂牌方式转让全资子 公司 10 ...

证券代码：000885 证券简称：城发环境 公告编号：2025-067 城发环境股份有限公司 2025年10月21日，公司召开了第七届董事会第三十八次会议、第七届监事会第三 十四次会议，审议通过了《关于以公开挂牌方式转让全资子公司100%股权暨关联交易 的议案》，同意公司以挂牌底价人民币11,505.95万元的价格转让沃克曼100%股权给关 联方河南投资集团并签署产权交易合同。根据产权交易合同约定，沃克曼完成对公司 账面全部应付股利及非经营性应付余额的支付为本次交易的交割条件之一。截至本公 告披露日，本次交易全部交割条件已达成。 交易具体内容详见公司于2025年10月22日在巨潮资讯网（www.cninfo.com.cn）披 露的《城发环境股份有限公司关于以公开挂牌方式转让全资子公司100%股权暨关联交 易的公告》。 二、交易进展情况 截至本公告披露日，公司已收到本次股权转让全部价款11,505.95万元。近日，沃 克曼已完成本次股权转让的工商变更登记，公司不再持有沃克曼股权，沃克曼不再纳 入公司合并报表范围。 关于以公开挂牌方式转让全资子公司 100%股权进展 暨完成工商变更登记的公告 本公司及董事会全体成 ...

证券日报网讯 12月4日，城发环境在互动平台回答投资者提问时表示，公司将根据实际情况及分红规划 综合论证实施具体的股东回报方案，公司近年来现金分红比例及额度均保持了稳中有升的趋势，并致力 于为股东提供长期、稳定提升的分红回报。 （编辑 丛可心 袁冠琳） ...