Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [2][9]. Core Insights - The company, Jinglv Environment, has shown steady growth in performance, with a focus on the intelligent upgrade of urban and rural environmental services, including road cleaning and waste classification [5][6]. - The company reported a revenue of 1.176 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 2.53%, and a net profit attributable to shareholders of 125 million yuan, up 9.36% year-on-year [5]. - The company is actively expanding its product offerings in the unmanned sanitation vehicle sector, with significant growth in orders for its third-generation unmanned sanitation products [7]. Company Overview - The latest closing price of the company's stock is 23.48 yuan, with a total market capitalization of 3.2 billion yuan [4]. - The company has a total share capital of 134 million shares, with 53 million shares in circulation [4]. - The company has a debt-to-asset ratio of 38.6% and a price-to-earnings ratio of 22.15 [4]. Financial Performance - For Q3 2025, the company achieved a revenue of 394 million yuan, a year-on-year increase of 4.23%, and a net profit of 46 million yuan, up 2.63% year-on-year [5]. - The gross profit margin increased by 1.23 percentage points to 27.32%, while the expense ratio decreased by 0.25 percentage points to 12.84% [6]. - The company expects revenues of 1.672 billion, 1.862 billion, and 2.046 billion yuan for 2025, 2026, and 2027, respectively, with corresponding net profits of 168 million, 190 million, and 215 million yuan [8][11]. Growth Prospects - The company plans to launch new products, including a 1.5-ton improved version and a 0.5-ton unmanned driving product, targeting specific urban environments [7]. - The company has set ambitious revenue and net profit growth targets as part of its stock incentive plan, aiming for significant increases over the next few years [7].

Group 1 - The core viewpoint of the article highlights that Jintour Environment (SZ 001230) will hold an investor meeting on November 3, 2025, where key executives will address investor inquiries [1] - For the first half of 2025, Jintour Environment's revenue composition shows that operational services account for 93.67%, equipment manufacturing and sales for 6.25%, and other industries for 0.08% [1] - As of the report, Jintour Environment has a market capitalization of 3.2 billion yuan [1]

Revenue Structure - The revenue structure remains stable, with sanitation operation service revenue accounting for 94% and equipment revenue for 6% [3] - The gross profit margin is 27.32%, an increase of 1.28 percentage points compared to the same period last year, attributed to cost reduction and efficiency improvement measures [3] Profitability and Cost Management - The current profit margin is 12.13%, expected to remain stable through the enhancement of quality project orders and cost reduction strategies [3] - R&D expenses increased by approximately 24.63% year-on-year due to increased investment in unmanned sanitation and equipment, with a continued growth trend anticipated [8] Market Demand and Project Development - The demand for unmanned sanitation equipment orders has significantly increased, with multiple projects worth over 100 million yuan recently won [4] - The company is implementing a phased deployment plan for unmanned driving equipment in new projects [4] Technological Advancements - The third-generation self-developed driving algorithm is in the verification stage, offering advantages in cost reduction and adaptability [5] - The company plans to launch a 1.5-ton improved version and a 0.5-ton unmanned driving product by the end of the year, focusing on smart waste collection [6] Future Outlook - The company is optimistic about market growth in 2026, driven by a nationwide market layout strategy and improved brand image [7] - The traditional sanitation equipment electrification rate is expected to reach 60% to 80% in the medium to long term [4] International Expansion - The company is expanding its sanitation business overseas, prioritizing equipment exports and focusing on markets in Southeast Asia and Russia [8]

Core Viewpoint - The company, Jintui Environment, is a well-known player in the domestic environmental sanitation sector, providing investment operation management services and equipment manufacturing, with a high investment value [1] Group 1: Business Performance - For Q3 2025, Jintui Environment reported revenue of 1.176 billion yuan, ranking 22nd out of 35 in the industry [2] - The company's net profit for the same period was 143 million yuan, ranking 20th in the industry [2] - The main business composition includes concession rights business at 409 million yuan (52.33%), traditional urban and rural sanitation business at 323 million yuan (41.34%), and equipment manufacturing and sales at 48.91 million yuan (6.25%) [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 38.17%, lower than the industry average of 50.06% [3] - The gross profit margin for the same period was 27.32%, higher than the industry average of 25.02% [3] Group 3: Executive Compensation - The chairman, Yu Xiaoxia, received a salary of 1.0748 million yuan in 2024, an increase of 120,600 yuan from 2023 [4] - The general manager, Wang Yingzhe, received a salary of 2.0422 million yuan in 2024, an increase of 486,000 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 18.94% to 13,300 [5] - The average number of circulating A-shares held per shareholder increased by 21.09% to 3,979.43 [5] Group 5: Future Outlook - According to Huaxi Securities, Jintui Environment is expected to achieve revenue of 1.54 billion yuan in 2024, a year-on-year increase of 5.8% [6] - The company plans to grant up to 1.73 million restricted shares as part of an equity incentive plan, aiming for a revenue growth target of 15% in 2025 [6]

Core Viewpoint - The company announced a financial adjustment to reflect its asset value and operational status accurately as of September 30, 2025, by conducting impairment tests on its assets [1] Financial Summary - The company and its subsidiaries have recognized a total impairment provision of 16.9497 million yuan for various assets from January to September 2025 [1]

Core Viewpoint - The company reported a revenue of 1.176 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.53% [1] - The net profit attributable to shareholders reached 125 million yuan, showing a year-on-year increase of 9.36% [1] - The net profit after deducting non-recurring gains and losses was also 125 million yuan, with a year-on-year growth of 17.23% [1] - The basic earnings per share stood at 0.94 yuan [1] Financial Performance - Revenue for the first three quarters: 1.176 billion yuan, up 2.53% year-on-year [1] - Net profit attributable to shareholders: 125 million yuan, up 9.36% year-on-year [1] - Net profit after non-recurring items: 125 million yuan, up 17.23% year-on-year [1] - Basic earnings per share: 0.94 yuan [1]

证券代码：001230 证券简称：劲旅环境 公告编号：2025-063 劲旅环境科技股份有限公司 关于公司计提资产减值准备的公告 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、误导性陈述或重大遗漏。 根据《企业会计准则》《深圳证券交易所股票上市规则》以及劲旅环境科技 股份有限公司（以下简称"公司"或"本公司"）会计政策的有关规定，公司对 截至 2025 年 9 月 30 日合并报表范围内的资产进行了分析，对可能发生减值损失 的相关资产计提减值准备，现将具体情况公告如下： 一、本次计提资产减值准备情况概述 1、本次计提资产减值准备的原因 为客观、真实、准确地反映公司截至 2025 年 9 月 30 日的财务状况、资产价 值及经营情况，基于谨慎性原则，根据《企业会计准则》《深圳证券交易所股票 上市规则》以及公司会计政策的有关规定，公司及合并报表范围内子公司对所属 资产进行了减值测试，对公司截至 2025 年 9 月 30 日合并报表范围内有关资产计 提相应的减值准备。 2、本次计提资产减值准备的资产范围、金额和计入的报告期间 单位：元 | 类别 | 项目 | 报告期发生额 | | -- ...

证券代码：001230 证券简称：劲旅环境 公告编号：2025-062 劲旅环境科技股份有限公司 第二届监事会第二十一次会议决议公告 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第 三季度报告》。 同意：3 票；反对：0 票；弃权：0 票。表决结果为通过。 三、备查文件 一、监事会会议召开情况 劲旅环境科技股份有限公司（以下简称"公司"）第二届监事会第二十一次 会议通知于 2025 年 10 月 26 日以电话等方式发出，会议于 2025 年 10 月 29 日在 公司会议室以现场结合通讯方式召开。本次会议应出席监事 3 名，实际出席监事 3 名（其中监事会主席张锡元、职工代表监事刘文书以通讯方式出席并表决）。 会议由张锡元先生召集并主持。本次监事会会议的召集、召开和表决程序符合《中 华人民共和国公司法》《公司章程》的规定。 二、监事会会议审议情况 经与会监事审议，形成决议如下： 审议通过《2025 年第三季度报告》 监事会认为：董事会编制和审核公司《2025 年第三季度报告》的程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际情 ...

证券代码：001230 证券简称：劲旅环境 公告编号：2025-060 一、董事会会议召开情况 劲旅环境科技股份有限公司（以下简称"公司"）第二届董事会第二十五次 会议通知于 2025 年 10 月 26 日以电话等方式发出，会议于 2025 年 10 月 29 日在 公司会议室以现场结合通讯方式召开。本次会议应参加董事 7 名，实际参加董事 7 名（其中董事长于晓霞、执行董事长王传华、独立董事程永文、陈高才和华东 以通讯方式出席并表决）。会议由董事长于晓霞女士召集并主持，公司监事、高 级管理人员列席了本次会议。本次董事会的召集和召开符合《中华人民共和国公 司法》及《公司章程》的规定。 二、董事会会议审议情况 经与会董事认真审议，做出如下决议： （一）审议通过《2025 年第三季度报告》 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第 三季度报告》。 同意：7 票；反对：0 票；弃权：0 票。表决结果为通过。 本议案已经公司董事会审计委员会审议通过。 劲旅环境科技股份有限公司 第二届董事会第二十五次会议决议公告 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 ...

Core Insights - The company reported third-quarter revenue of 394 million yuan, representing a year-on-year increase of 4.23% [1] - The net profit for the third quarter was 46.19 million yuan, showing a year-on-year growth of 2.63% [1] - For the first three quarters, the company achieved revenue of 1.176 billion yuan, which is a year-on-year increase of 2.53% [1] - The net profit for the first three quarters reached 125 million yuan, reflecting a year-on-year growth of 9.36% [1]