经济观察网沃顿科技（000920）(股票代码：000920)作为中国中车（601766）集团旗下的膜材料企业， 近期有一些值得关注的事件和发展动态。以下是基于公开信息的整理： 近期受关注事件 膜用材料及膜组件能力提升项目：公司于2025年10月公告计划投资建设反渗透膜与聚芳醚砜生产线，项 目位于江苏省南京市江北新区，目标形成反渗透膜年产能2000万平方米、聚砜年产能3000吨。该项目目 前处于筹划阶段，尚需董事会审批，后续进展值得关注。 子公司发展 全资子公司沃顿科技(南京)有限公司的设立与运营：公司于2025年11月以自有资金3亿元投资设立该子 公司，作为上述项目的投资运营主体。子公司已于2025年12月正式成立，未来将负责项目具体实施，其 业务推进情况可能影响公司整体战略。 公司近期机构调研频繁，例如2026年1月7日接待华泰证券调研，近一年累计接待45家机构53次调研。调 研内容多围绕业务增长驱动因素、行业国产化替代等，可能预示未来战略重点。 股东人数情况 股东结构变化：截至2026年1月31日，公司股东户数环比下降5.14%至2.58万户，筹码集中度提升，或反 映投资者结构变化。 业绩经营情况 财务表 ...

Investment Rating - The report maintains a positive outlook on the environmental industry, indicating an "Overweight" investment rating for the sector, suggesting it will outperform the overall market [2][11]. Core Insights - The environmental industry is experiencing a continuous differentiation in performance, with stable operational assets. The report anticipates steady growth in net profits for various segments in 2025, with specific companies showing significant year-on-year increases [2][3]. - Municipal water services are stable, benefiting from strategic expansions and water price adjustments, while the demand for sewage engineering is declining [2]. - The waste incineration sector is also stable, with operational improvements despite a slowdown in new projects and tenders. Different companies are experiencing varied profit growth due to factors like historical revenue recognition and depreciation [2][3]. - The sanitation market remains stable, with profit growth influenced by impairment and the introduction of automated sanitation orders [2]. - Equipment products are facing a widening performance gap due to varying impacts from downstream sectors, with some companies expected to see declines in net profit growth [2]. Summary by Segment Municipal Water Services - Overall operations are stable, with net profit growth expected to be steady in 2025. Key companies include: - Zhongshan Public Utilities: 2025 net profit expected to increase by 67% to 2,000 million [3]. - Jiangnan Water: 3% increase to 415 million [3]. - Xingrong Environment: 8% increase to 2,150 million [3]. - Hongcheng Environment: 1% increase to 1,200 million [3]. Waste Incineration - The sector is stable with operational improvements. Key companies include: - Green Power: 23% increase to 720 million [3]. - Hanlan Environment: 20% increase to 2,000 million [3]. - Junxin Co.: 49% increase to 800 million [3]. Sanitation - The market is stable, with profit growth influenced by impairment and automation. Key companies include: - Yingfeng Environment: 36% increase to 700 million [3]. - Yuhua Tian: 4% increase to 600 million [3]. Equipment Products - Performance varies significantly across companies. Key companies include: - Longjing Environmental: 32% increase to 1,100 million [3]. - Qinda Environmental: 88% increase to 175 million [3]. - Woton Technology: 26% increase to 250 million [3]. Investment Recommendations - Municipal Environmental: Stable profitability with improving cash flow and opportunities in environmental assets. Recommended companies include Zhongshan Public Utilities, Junxin Co., Hanlan Environment, and others [2]. - Automated Sanitation: Growth potential in the field of sanitation robots. Recommended companies include Yingfeng Environment and Yuhua Tian [2]. - Green Methanol and SAF: Benefiting from EU policies, with recommended companies including CIMC Anrui and others [2].

Core Viewpoint - China CRRC Group has issued a statement warning the public about fraudulent activities involving unauthorized apps that misuse its name for illegal financing scams [2][3]. Group 1: Fraudulent Activities - Fraudulent apps named "China CRRC," "China CRRC," and "CRRC Wind Power" are being used to conduct illegal financing scams, falsely claiming high returns and investment projects [2]. - The company emphasizes that it has no connection to these apps and has not authorized any activities related to them [2][3]. Group 2: Public Warning - The apps cannot be downloaded through official channels and are spread via social media platforms like WeChat, using foreign servers to evade domestic regulations [3]. - The company urges the public to remain vigilant and avoid engaging with these fraudulent apps, advising anyone who has suffered losses to report to local authorities [3]. Group 3: Company Overview - China CRRC Group is the only industrialized group in China focused on rail transit equipment, high-end manufacturing, and clean energy equipment [4]. - The group includes four listed companies and has a total asset value of 520.4 billion yuan, with 406 subsidiaries and approximately 164,000 employees [4].

Group 1 - The core viewpoint of the article indicates that Wharton Technology (000920) acknowledges that the domestic ultra-pure water membrane market is primarily dominated by foreign brands [1] - The company's ultra-pure water membrane business currently accounts for a small proportion of its overall operating revenue [1]

证券日报网讯2月2日，沃顿科技（000920）在互动平台回答投资者提问时表示，截至2026年1月30日收 市后，公司股东人数25816户。 ...

证券日报网讯 2月2日，沃顿科技在互动平台回答投资者提问时表示，公司客户信息属于商业机密，不 便透露。 （文章来源：证券日报） ...

证券日报网讯 2月2日，沃顿科技在互动平台回答投资者提问时表示，截至2026年1月20日，公司股东人 数为27216户。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article highlights that Wharton Technology's ultra-pure water membrane products are technologically advanced and have stable performance, making them suitable for high-end manufacturing fields such as semiconductor chips, which require high water quality [2] - The company has received market recognition for its ultra-pure water membrane products, indicating a positive reception and potential demand in the industry [2] Group 2 - The ultra-pure water membrane products are already mature and have been successfully applied in industries with stringent water quality requirements [2] - The interaction with investors on the platform reflects the company's commitment to transparency and engagement with stakeholders [2]

证券日报网讯1月16日，沃顿科技（000920）在互动平台回答投资者提问时表示，截至2026年1月9日公 司股东数量为27132户。 ...

Core Viewpoint - Wharton Technology (000920) has confirmed that its ultra-pure water membrane products are technologically advanced, stable in performance, and have been successfully applied in high-end manufacturing fields such as semiconductor chips, which require high water quality standards [1] Group 1 - The ultra-pure water membrane products are recognized in the market for their advanced technology and stable performance [1] - The products have matured in application within industries that demand stringent water quality, particularly in semiconductor manufacturing [1]