Core Viewpoint - Wharton Technology (000920.SZ) announced that the newly signed membrane separation engineering contracts from July 2025 to September 2025 amount to 40.4732 million yuan [1] Group 1 - The total value of new contracts signed for membrane separation engineering business is 40.4732 million yuan [1]

Group 1 - The company, Walton Technology (000920.SZ), announced that the contract amount for new membrane separation engineering business signed from July 2025 to September 2025 is 40.4732 million yuan [1]

Core Viewpoint - Wharton Technology (000920.SZ) announced that the contract amount for new membrane separation engineering business signed from July 2025 to September 2025 is RMB 40.4732 million [1] Company Summary - The company has secured new contracts in the membrane separation engineering sector, indicating growth potential in this area [1]

Core Viewpoint - Wharton Technology (000920) announced a new contract amounting to 40.4732 million yuan for membrane separation engineering business signed between July and September 2025 [1] Company Summary - The new contract value for Wharton Technology's membrane separation engineering business is 40.4732 million yuan [1]

沃顿科技股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 沃顿科技股份有限公司（以下简称"公司"）2025 年 7 月至 2025 年 9 月新签订的膜分离工程业务合同金额为人民币 4,047.32 万元。具 体情况如下： | 序号 | 应用领域 | 合同金额（万元） | | --- | --- | --- | | 1 | 膜法浓缩分离——盐湖提锂 | 949.00 | | 2 | 膜法浓缩分离——海水综合利用 | 59.00 | | 3 | 膜法浓缩分离——盐化工 | 276.00 | | 4 | 膜法工业废水处理及资源化利用——磷酸铁 | 653.68 | | 5 | 膜法工业废水处理——煤矿及化工 | 520.00 | | 6 | 膜法水处理——锅炉补给水 | 1,550.00 | | 7 | 其他 | 39.64 | | | 合计 | 4,047.32 | 以上数据源自公司内部合同金额统计，各项目交付周期差异较 大，不能以此直接推算公司本年度营业收入、净利润等财务数据。合 同可能根据客户需求或项目实际情况发生一定变动，也可能因统计口 ...

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].

证券之星消息，10月9日塑料板块较上一交易日上涨1.21%，横河精密领涨。当日上证指数报收于 3933.97，上涨1.32%。深证成指报收于13725.56，上涨1.47%。塑料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300539 | 横河精密 | 52.78 | 13.07% | 24.09万 | | 12.10亿 | | 300806 | 斯迪克 | 28.75 | 9.90% | 34.84万 | | 9.93亿 | | 600143 | 金发科技 | 22.20 | 5.76% | 248.11万 | | 53.32 Z | | 605008 | 长竭昌科 | 15.83 | 5.39% | 9.82万 | | 1.55亿 | | 300995 | 奇德新材 | 49.30 | 4.67% | 3.98万 | | 1.97亿 | | 000920 | 沃顿科技 | 13.08 | 3.56% | 19.53万 | | 2.55亿 | | 68 ...

Group 1 - The core point of the article is that Wharton Technology (000920.SZ) has received an investment project filing certificate from the Nanjing Jiangbei New Area Administrative Approval Bureau for its membrane materials and components capacity enhancement project [1] - The project is named "Membrane Materials and Membrane Components Capacity Enhancement Project (Phase I)" [1] - The total investment for the project is 55 million yuan [1]

Core Points - Wharton Technology Co., Ltd. has announced the receipt of the "Investment Project Filing Certificate" from the Nanjing Jiangbei New Area Administrative Approval Bureau for its membrane materials and membrane components capacity enhancement project (Phase I) [1] - The total investment for the project is 550 million yuan (approximately 55 million) [1] - The announcement indicates that this is merely a government filing and that the investment is subject to internal approvals and various risk factors, leading to significant uncertainty [1] Summary by Category Project Details - The project is named "Membrane Materials and Membrane Components Capacity Enhancement Project (Phase I)" [1] - The project will be located in the New Material Science and Technology Park in Nanjing, Jiangsu Province [1] - The total investment for the project is 55 million yuan [1] Regulatory and Approval Process - The announcement confirms that the project has received the necessary government filing but still requires internal approval processes [1] - The investment is not classified as a related party transaction or a major asset restructuring as per the regulations [1] Investor Communication - Wharton Technology will fulfill its information disclosure obligations based on the project's progress [1] - The company has reminded investors to be aware of investment risks associated with the project [1]