证券代码：000885 证券简称：城发环境 公告编号：2025-058 城发环境股份有限公司 第七届董事会第三十八次会议决议公告 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。 一、董事会会议召开情况 （一）会议通知的时间和方式：城发环境股份有限公司（以下简称"公司"） 第七届董事会第三十八次会议通知于2025年10月17日以电子邮件和专人送达形 式向全体董事发出。 （二）召开会议的时间和方式：2025年10月21日15:00以通讯方式召开。 （一）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 （三）会议召集人及主持人：公司董事长。 （四）会议出席情况：会议应到董事9名，实到董事9名。参加会议的董事人 数符合《中华人民共和国公司法》和公司章程的规定。 （五）列席人员：公司总经理、董事会秘书及公司邀请列席的其他人员。 （六）会议记录人：公司董事会秘书。 二、董事会会议审议情况 三、备查文件 （一）经参加表决的董事签字并加盖董事会印章的董事会决议； 本议案涉及关联交易，关联董事张东红先生、李文强先生回避表决。 表决结果：7票同意、0票反对、0票弃 ...

Core Viewpoint - The company has approved the transfer of 100% equity of its wholly-owned subsidiary, Henan Walkman Construction Engineering Co., Ltd., through a public listing at a base price of 115 million yuan [1] Group 1 - The company will hold the 36th meeting of the 7th Board of Directors and the 32nd meeting of the 7th Supervisory Board on August 11, 2025, to review the proposal for the equity transfer [1] - The transfer will be conducted via the Henan Zhongyuan Property Rights Exchange [1] - The controlling shareholder, Henan Investment Group Co., Ltd., is the only interested buyer and has paid the deposit to participate in the bidding [1] Group 2 - The intended buyer plans to acquire the 100% equity of Walkman at the base price [1] - Upon completion of the transaction, the company will no longer hold any equity in Walkman, and Walkman will be excluded from the company's consolidated financial statements [1]

Core Insights - The stock price of Chengfa Environment has increased by 20.67% year-to-date, with a current price of 15.39 CNY per share and a market capitalization of 9.882 billion CNY [1] - The company reported a revenue of 3.216 billion CNY for the first half of 2025, reflecting a year-on-year growth of 11.25%, and a net profit of 589 million CNY, up 20.15% year-on-year [2] Financial Performance - Chengfa Environment's main business revenue composition includes: solid waste treatment and sanitation services (58.10%), highway business (20.29%), environmental solution integration services (10.98%), water treatment (7.22%), and others (3.41%) [1] - Cumulative cash dividends since the company's A-share listing amount to 873 million CNY, with 496 million CNY distributed over the past three years [3] Shareholder Information - As of October 10, 2025, the number of shareholders is 21,500, a decrease of 1.05% from the previous period, with an average of 29,919 circulating shares per shareholder, an increase of 1.06% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.4704 million shares, an increase of 130,400 shares from the previous period [3]

债券简称: 25 环境 01 二〇二五年十月 重要声明 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涉及董事会换届选举事项 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) 公司第八届董事会的人数和人员构成,符合《公司法》《公司章程》等相关 规定,公司第八届董事会董事候选人中兼任高级管理人员职务的董事以及由职工 代表担任的董事总计未超过公司董事总数的二分之一,独立董事的人数未低于公 司董事总数的三分之一。独立董事候选人的任职资格和独立性尚需经深圳证券交 易所审核无异议后,方可提请公司股东大会采取累积投票制选举,其他非独立董 事候选人可直接提请公司股东大会采取累积投票制进行选举。为确保公司董事会 的正常运作,在新一届董事会董事就任前,原董事仍将继续依照法律、行政法规、 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 ...

Core Points - The article discusses the environmental risks faced by 11 listed companies in China, highlighting recent penalties for violations related to air and water pollution [4][5][10] - It emphasizes the growing importance of environmental responsibility in corporate governance and investment decisions, particularly in the context of ESG (Environmental, Social, and Governance) principles [15] Group 1: Environmental Violations and Penalties - Chengfa Environment was fined 448,000 yuan for evading regulations related to air pollution by improperly operating pollution control facilities [10][13] - Qidi Environment received a penalty of 267,000 yuan for discharging water pollutants through unauthorized channels [13] - Shilong Industrial was fined 198,000 yuan for discrepancies in the number of exhaust outlets compared to its pollution discharge permit [11] Group 2: Impact on Shareholders - The 11 companies involved have a combined total of 1,677,300 shareholders, indicating potential investment risks due to their environmental violations [10] - The article suggests that these environmental issues could affect the companies' reputations and financial performance, thereby impacting shareholder value [6][10] Group 3: Regulatory Context - The article notes that the data on environmental violations is collected from various government sources across 31 provinces and cities in China, aiming to enhance transparency in corporate environmental practices [4][15] - It highlights the legal framework supporting public access to environmental information, which has been strengthened over the years [15]

证券日报网讯城发环境10月15日在互动平台回答投资者提问时表示，全国社保基金四一二组合和中邮人 寿保险股份有限公司－传统保险在2025年半年度报告期末位列公司前十大股东，持股数量分别为4， 527，580股和1，259，800股。公司将于10月28日披露三季报。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯城发环境10月15日在互动平台回答投资者提问时表示，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。 ...

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].