每经AI快讯，有投资者在投资者互动平台提问：河南省供排水一体化，公司信阳等地新增水务业务目 前都盈利否？ 城发环境（000885.SZ）10月15日在投资者互动平台表示，公司在信阳的新增水务业务主要集中在市区 和息县区域，两个供排水一体化项目整体经营态势良好，均已实现盈利。 （文章来源：每日经济新闻） ...

Market Overview - On October 13, the Henan state-owned enterprise reform sector declined by 0.17% compared to the previous trading day, with Yicheng New Energy leading the decline [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - The top-performing stock in the Henan state-owned enterprise reform sector was Yuguang Jinchang, which rose by 10.04% to a closing price of 14.58, with a trading volume of 1.1053 million shares and a transaction value of 1.537 billion [1] - Other notable performers included Dayou Energy, which increased by 4.41% to 4.50, and Zhongyuan Media, which rose by 1.41% to 12.19 [1] - Conversely, Yicheng New Energy led the decline with a drop of 5.30% to 5.18, followed by Xinxiang Chemical Fiber, which fell by 3.75% to 4.36 [2] Capital Flow Analysis - The Henan state-owned enterprise reform sector experienced a net outflow of 70.4391 million yuan from institutional investors, while retail investors saw a net inflow of 98.8848 million yuan [2] - The capital flow data indicates that Yuguang Jinchang had a net inflow of 165 million yuan from institutional investors, while it faced a net outflow of 101 million yuan from speculative funds [3] - Zhongyuan Media also saw a net inflow of 15.1455 million yuan from institutional investors, despite a net outflow from speculative funds [3]

Investment Rating - The report rates the environmental protection industry as "Overweight," indicating that the industry is expected to outperform the overall market [9]. Core Insights - The municipal water sector shows stable operations, with some companies benefiting from strategic expansions and adjustments in sewage treatment prices. However, the engineering business is expected to decline due to decreased demand [3]. - The waste incineration sector remains stable, with operational improvements despite a slowdown in new project construction and bidding. Different companies exhibit varied performance due to factors like historical revenue recognition and depreciation from new capacity [3]. - The sanitation market is stable, with an increase in orders for unmanned sanitation services, indicating a digital transformation in urban services [3]. - Equipment performance varies significantly across different sectors, with conventional equipment facing margin pressure due to intense competition, while power environmental equipment benefits from increased demand [3]. Summary by Category Municipal Water - Overall stable operations with some companies like Tianyuan Environmental and Zhongshan Public Utilities showing significant year-on-year net profit growth of 18% and 32% respectively for Q1-3 2025 [4]. Waste Incineration - The sector is experiencing steady operational improvements, with companies like Huanlan Environment and Green Power expected to see net profit growth of 16% and 15% respectively for Q1-3 2025 [4]. Sanitation - The sanitation market is stable, with companies like Yingfeng Environment and Yuhua Tian expected to see net profit growth of 3% and 5% respectively for Q1-3 2025 [4]. Equipment - Conventional equipment companies are expected to see a decline in net profit growth, with Jingjin Equipment projected to drop by 25% for Q1-3 2025. In contrast, Qingda Environmental is expected to see a significant increase of 255% [4]. Investment Recommendations - The report recommends investing in companies with stable profitability and improving cash flows in the municipal environmental sector, including Zhongshan Public Utilities, Junxin Co., and Huanlan Environment [3]. - For unmanned sanitation, companies like Yingfeng Environment and Yuhua Tian are highlighted as key players in the digital transformation of urban services [3]. - The report also suggests focusing on SAF suppliers and green methanol producers as EU policies begin to take effect, with companies like Haineng Energy and Pengyao Environmental being potential beneficiaries [3].

Investment Rating - The report rates the environmental protection industry as "Overweight" for the third quarter of 2025, indicating an expectation for the industry to outperform the overall market [2][9]. Core Insights - Municipal water services are operating steadily, with some companies benefiting from strategic expansions and adjustments in sewage treatment pricing. However, the overall demand for sewage engineering is declining, leading to a forecasted slight decrease in engineering business [3]. - The waste incineration sector is stable, with operational improvements despite a slowdown in new project construction and bidding. Different companies are experiencing varied profit growth due to factors like historical electricity revenue recognition and depreciation from new capacity [3]. - The sanitation market remains stable, with an increase in orders for unmanned sanitation services, indicating a shift towards digital transformation in urban services [3]. - Equipment performance is diverging based on downstream influences, with conventional equipment facing margin pressure while power environmental equipment and water treatment equipment are expected to see significant profit growth [3]. Summary by Category Municipal Water Services - Overall operations are stable, with projected net profit growth for major companies: Tianyuan Environmental +18%, Xingrong Environment +5%, Hongcheng Environment +3%, and Zhongshan Public +32% for Q1-3 2025 [3][4]. Waste Incineration - The sector is expected to see varied profit growth among major companies: Hanlan Environment +16%, Green Power +15%, Junxin Co. +47%, Chengfa Environment +13%, and Yongxing Co. +8% for Q1-3 2025 [3][4]. Sanitation - Major companies are projected to have stable net profit growth: Yingfeng Environment +3% and Yuhua Tian +5% for Q1-3 2025 [3][4]. Equipment Products - Conventional equipment is expected to see a slight decline in net profit growth, with Jingjin Equipment projected at -25%. In contrast, power environmental equipment like Qingda Environmental is expected to grow by +255% [3][4]. Investment Recommendations - The report recommends focusing on municipal environmental companies such as Zhongshan Public, Junxin Co., Hanlan Environment, and others due to stable profitability and improving cash flow [3]. - For unmanned sanitation, companies like Yingfeng Environment and Yuhua Tian are highlighted for their potential in the digital transformation of urban services [3]. - The report also suggests monitoring suppliers of bio-aviation fuel and green methanol, as well as companies involved in reverse osmosis membrane technology due to ongoing market trends [3].

Group 1 - The company has announced the election of its eighth board of directors, consisting of 9 members: 6 non-independent directors (including 1 employee representative) and 3 independent directors [1][2][3] - The candidates for the non-independent directors include Huang Xinmin, Li Wenqiang, Wang Pu, Sun Liang, and Hu Kun, while the independent director candidates are Xu Qiangsheng, Hai Fuan, and Wan Junfeng [2][3] - The election will be conducted at the shareholders' meeting using a cumulative voting system, and the new board's term will last for three years from the date of approval [2][3] Group 2 - The company has proposed to reappoint Lixin Certified Public Accountants as its auditing firm for the year 2025, maintaining the audit fee at 730,000 yuan, the same as the previous year [18][29][30] - Lixin has extensive experience in providing auditing services to listed companies and has been recognized for its independence and professional competence [19][31] - The audit committee and independent directors have reviewed and approved the reappointment, ensuring compliance with relevant laws and regulations [31][33] Group 3 - The company will hold its third extraordinary general meeting of shareholders on October 27, 2025, to discuss the election of the new board of directors and other matters [40][41] - The meeting will allow both on-site and online voting, with specific time frames for each voting method [43][44] - Shareholders must register by October 22, 2025, to participate in the meeting [45][46]

Core Viewpoint - The company emphasizes the importance of accounts receivable collection and has established a dedicated team and assessment mechanism to monitor and analyze changes in accounts receivable [2] Group 1 - The company has a specialized team focused on accounts receivable collection [2] - Regular checks and analyses of accounts receivable changes are conducted [2] - The company is actively enhancing its collection efforts by leveraging relevant policy opportunities [2]

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城发环境股份有限公司企业标准 投 资 者 关 系 管 理 制 度 QG/CEVIA-202-02·01-2025 前 言 为规范城发环境股份有限公司（以下简称公司） 投资者管理工作，加强公司与投资者和潜在投资者（以 下简称投资者）之间的有效沟通，促进上市公司与投 资者良性关系发展，切实保护投资者特别是中小投资 者合法权益，在投资公众中建立上市公司诚信度，提 高公司标准化管理水平，制定本制度。 本制度于 2019 年 8 月 9 日首次发布，本次为第 二次修订 本制度由公司资本运营部提出并归口管理 本制度起草部门：资本运营部 本制度主要起草人：柴佳琛 本制度审核人：闫维波 本制度批准人： 1 本制度发布日期： 年 月 日 本制度实施日期： 年 月 日 城发环境股份有限公司企业标准 投 资 者 关 系 管 理 制 度 QG/CEVIA-202-02·01-2025 第一章 范 围 第一条 本制度规定了投资者关系管理工作的管理体 系，包含但不限于职责、原则、目的及具体管理内容等。 第二条 本制度适用于公司本部各部门和所属各企业。 值，实现尊重投资者、回报投资者、保护投资者目的的相关 活动。 第四章 职责 第二章 规 ...

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