| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-62 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于回购股份的进展公告 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。 一、回购股份的基本情况 旺能环境股份有限公司（以下简称"公司"）于 2024 年 11 月 26 日召开第 九届董事会第八次会议，审议通过《关于回购公司股份方案的议案》，同意公司 使用自有资金、专项贷款资金等合法资金以集中竞价交易方式回购部分公司已发 行的人民币普通股（A 股）股票，本次回购股份将用于股权激励计划、员工持股 计划或可转换公司债券转股。若公司未能在本次回购实施完成之日起 36 个月内 将已回购的股份用于前述用途的，未使用部分的回购股份应予以注销。本次回购 股份的价格不超过人民币 22.00 元/股，回购总金额不低于人民币 10,000 万元且 不超过人民币 20,000 万元。具体内容详见刊登于 2024 年 11 月 28 日、2024 年 12 月 5 日《证券时报》 ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-63 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于控股股东增持公司股份计划的进展公告 公司控股股东美欣达集团有限公司保证向本公司提供的信息内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 一、计划增持主体的基本情况 旺能环境股份有限公司（以下简称"公司"）控股股东美欣达集团有限公司（以 下简称"美欣达集团"）基于对公司未来持续稳定发展的坚定信心及对公司长期投 资价值的认可，同时为了提振投资者信心，计划自2025年3月13日起6个月内（即2025 年3月13日至2025年9月12日），通过深圳证券交易所交易系统以集中竞价交易方式 增持公司股份，增持总金额不低于人民币1亿元，不超过人民币2亿元。本次增持计 划不设定价格区间，美欣达集团将根据公司股票价格波动情况及资本市场整体趋势， 择机实施增持计划。 本次增持计划的具体内容详见公司于2025年3月13日在巨潮资讯网上披露的《关 ...

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Viewpoints - Since 2024, some waste incineration and water service companies have announced reductions in loan interest rates and financial expenses, which are expected to contribute positively to their performance in a low-interest environment [2][16] - The report emphasizes the importance of focusing on companies with stable performance, increased dividends, valuation recovery, and declining borrowing costs in the waste incineration and water service sectors [6][40] Summary by Sections Debt Situation - Waste incineration and water service projects typically have a high debt financing ratio, often around 70%. These projects require significant upfront investment over 1-2 years, followed by a 20-30 year period to recover costs through operational income [4][17] - As of the end of 2024, the outstanding debt for major companies in the sector includes: - China Everbright International: 91.7 billion HKD - Conch Venture: 28.2 billion HKD - Hanlan Environment: 16.3 billion CNY - Beijing Enterprises Water Group: 75.5 billion CNY - Yuehai Investment: 23.9 billion HKD - Xingrong Environment: 14.8 billion CNY [4][17] Trends in Debt Ratios - The debt ratio for waste incineration companies has shown a declining trend over the past two years, while the increase in water service companies' debt ratios has slowed down [5][21] Impact of Borrowing Costs - Since 2018, interest rates have been on a downward trend, and as new project loan rates decrease, some companies are replacing high-interest loans. This could lead to further reductions in borrowing costs, positively impacting the performance of waste incineration and water service companies [6][31] - The report recommends focusing on companies in the waste incineration and water service sectors that exhibit stable performance and declining borrowing costs, highlighting companies such as Hanlan Environment, Xingrong Environment, China Everbright International, and others [6][40] Performance Sensitivity to Borrowing Costs - If the average borrowing cost decreases by 10, 30, or 50 basis points in 2025, the estimated profit elasticity for leading companies such as Beijing Enterprises Water Group, China Everbright International, and Green Power will be 3.62%, 10.86%, and 18.10% respectively [38] - If the average borrowing cost reaches 2.50% in 2025, the profit elasticity for top companies will be significantly higher, with estimates of 28.28% for Yuehai Investment and 20.57% for Beijing Enterprises Water Group [38] Industry Growth and Transformation - The waste incineration and water service sectors are experiencing steady growth, improved cash flow, and increased dividends. Recent market reforms are pushing the industry towards a transformation from government-oriented (To G) to business and consumer-oriented (To B, To C) models, which is expected to accelerate valuation recovery [6][40]

Summary of Key Points Core Viewpoint - The company has completed the cancellation of repurchased shares, resulting in a reduction of registered capital and total share capital, which has been officially registered with the relevant authorities [1][2]. Group 1: Company Capital Changes - The company held a board meeting on April 16, 2025, and a shareholder meeting on May 23, 2025, to approve the change in registered capital and amendments to the company’s articles of association [1]. - Following the cancellation of 3,289,951 repurchased shares, the registered capital decreased from 429,496,165 RMB to 426,206,214 RMB, and the total share capital reduced from 429,496,165 shares to 426,206,214 shares [1]. - The company has completed the business registration change and received a new business license reflecting the updated registered capital [2]. Group 2: Business License and Operations - The new registered capital is now recorded as "肆亿贰仟陆佰贰拾万陆仟贰佰壹拾肆元" [2]. - Other registration details in the business license remain unchanged, and the company continues to operate in various sectors including environmental governance and investment management [2].

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-61 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于公司完成工商变更登记的公告 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。 一、基本情况概述 旺能环境股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日召开第九届董事 会第九次会议及 2025 年 5 月 23 日召开 2024 年度股东大会，审议通过《关于变更公司 注册资本、修改公司章程和办理工商变更登记的议案》。鉴于公司 2024 年 11 月 12 日 在中国证券登记结算有限责任公司深圳分公司办理完毕3,289,951股回购股份的注销事 宜，同意注销完成后公司注册资本由 429,496,165 元人民币减少至 426,206,214 元人民 币；总股本由 429,496,165 股减少至 426,206,214 股。具体内容刊登于 2025 年 4 月 18 日《证券时报》《证券日报》及巨潮资讯网上的《关于变更公司注册资本、修改公 ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-60 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于向全资子公司提供贷款担保的进展公告 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。 一、对外担保概述 2025年7月10日，旺能环境股份有限公司(以下简称"公司")向招商银行股份有限 公司台州分行(以下简称"招商银行")出具了《不可撤销担保书》，为公司的全资子 公司台州旺能再生资源利用有限公司(以下简称"台州旺能")向招商银行申请的3亿元 人民币的固定资产借款提供连带责任保证。同日，台州旺能与招商银行签署了《固定 资产借款合同》，贷款期限为48个月。 公司于2025年4月16日召开的第九届董事会第九次会议、第九届监事会第六次会议、 2025年5月23日召开的2024年度股东大会上，审议通过了《关于预计2025年度提供担保 额度的议案》，同意为全资子公司台州旺能提供总额不超过人民币39,000万元的担保 额度，由公司或浙江旺能环保有限公司提供担保。上述担 ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-59 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于旺能转债恢复转股的提示性公告 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。 特别提示： | 证券代码：002034 | | | | | | 证券简称：旺能环境 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券代码：128141 | | | | | | 债券简称：旺能转债 | | | | | | | 暂停转股原因：分红派息 | | | | | | | | | | | | | 暂停转股时间：2025 | 年 | 7 | 月 | 3 | 日至 | 2025 | 年 | 7 | 月 | 10 | 日 | | 恢复转股时间：2025 | 年 | 7 | 月 | 11 | 日 | | | | | | | 鉴于旺能环境股份有限公司（以 ...

2.协议金额：餐厨废弃物处理服务费为200元/吨。 证券代码：002034 证券简称：旺能环境 公告编号：2025-58 债券代码：128141 债券简称：旺能转债 旺能环境股份有限公司 关于签署洛阳市餐厨废弃物处理工程技改增容项目 特许经营协议的公告 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。 特别提示： 1.协议类型：日常经营性协议 二、协议双方基本情况介绍 3.协议生效：本协议自甲乙双方法定代表人或授权代表签名盖章后生效。 4.对当期业绩的影响：对公司2025年度经营业绩不会产生重大影响，但项目的实 施将对公司未来业务发展产生积极影响。 一、协议签署情况概述 旺能环境股份有限公司（以下简称"公司"）于2025年4月28日披露了《关于收到 洛阳餐厨废弃物处理工程技改增容特许经营项目中标通知书的公告》（公告编号 2025-35），确定公司全资子公司浙江旺能生态科技有限公司（以下简称"旺能生态"） 为洛阳市城市管理局餐厨废弃物处理工程技改增容特许经营项目的中标单位。 近日，由旺能生态全资子公司洛阳旺能再生能源有限公司（以下简称"洛阳旺能"） 与洛阳市城市管 ...

Core Viewpoint - The company has signed a concession agreement for a kitchen waste treatment project in Luoyang, which is expected to enhance its future business development and operational performance despite not having a significant impact on the 2025 financial results [1] Group 1: Project Details - The concession agreement was signed between the company's subsidiary and the Luoyang Urban Management Bureau [1] - The project involves a service fee of 200 yuan per ton for kitchen waste treatment [1] - The estimated total investment for the project is 37.941 million yuan [1] - The concession period for the project is set for 15 years [1] Group 2: Capacity Expansion - The project will increase the kitchen waste treatment capacity by 200 tons per day [1] - The sewage treatment capacity will be expanded by 300 tons per day [1] - An expansion of the pre-treatment workshop is also included in the project [1] Group 3: Financial Impact - The project is not expected to have a significant impact on the company's operating performance in 2025 [1] - However, it is anticipated to have a positive effect on the company's future business development and operational performance [1]

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of 3.008441 yuan per 10 shares, totaling 127,743,865.80 yuan, with specific tax implications for different types of shareholders [1][2][3] Summary by Sections Profit Distribution Plan - The profit distribution plan was approved at the shareholders' meeting on May 23, 2025, with a base of 425,812,886 shares after excluding repurchased shares [1] - A cash dividend of 3 yuan per 10 shares will be distributed, amounting to a total cash payout of 127,743,865.80 yuan, with no stock dividends or capital reserve transfers [1][2] Tax Implications - Different tax rates apply for various shareholder categories, with specific amounts outlined for Hong Kong investors and domestic investors based on their holding periods [2][3] Key Dates - The record date for the distribution is set for July 10, 2025, and the ex-dividend date is July 11, 2025 [3] Distribution Method - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited by the record date [3] Adjustments Post Distribution - Following the distribution, the ex-dividend price will be adjusted based on the total cash dividend per share, which will be 0.2943514 yuan per share [5] - The repurchase price limit will be adjusted from 22.00 yuan to 21.71 yuan per share effective from July 11, 2025 [5] Convertible Bond Adjustments - The conversion price for the company's convertible bonds will be adjusted from 14.47 yuan to 14.18 yuan per share, effective from the same date [5]