证券日报网讯12月9日，旺能环境（002034）在互动平台回答投资者提问时表示，截至2025年11月28 日，本公司股东数为16491户。 ...

Core Insights - The overall performance of companies in the environmental protection industry is strong, with significant profit growth and cash flow improvement observed in waste incineration and biofuel sectors [1] Waste Incineration Companies - Major waste incineration companies reported significant growth in net profit for Q3, with notable increases from Junxin Co. (+47.6%), Huanlan Environment (+28.1%), Yongxing Co. (+25.6%), and others [2] - Key factors for profit growth include project commissioning, asset acquisitions, improved capacity utilization, and expansion into heating services, contributing an additional profit of approximately 80 yuan per ton of waste [2] - Cash flow from operating activities for waste incineration companies improved due to increased capacity and government subsidy repayments, with Green Power's Q3 subsidy repayments being particularly favorable [2] Water Companies - Profitability among water companies showed significant variation in Q3, with notable declines in net profit for Chuangye Environmental (-10.4%) and Shou Chuang Environmental (-78.4%), while others like Hongcheng Environment (+2.1%) and Chongqing Water (+2.7%) experienced growth [3] - The sharp decline in Shou Chuang Environmental's profit was primarily due to a one-time investment gain from the sale of a Singapore company in the previous year [3] Biofuel Companies - Biofuel companies experienced substantial profit growth in Q3, driven by rising export prices and sales volume, with UCO export prices increasing by $150-$200 per ton compared to the previous year [4] - Companies like Shangaohuan Energy and Langkun Technology reported significant profit increases, with Shangaohuan achieving a net profit of 0.1 billion yuan in Q3, up from a loss of 0.2 billion yuan in the same period last year [4] - The SAF segment also saw profitability improvements, with Jiaao Environmental turning a profit of 0.5 billion yuan in Q3, attributed to increased sales volume and prices [5] Investment Recommendations - The report suggests focusing on waste incineration companies with high dividends and growth potential, such as Guangda Environment, Huanlan Environment, Yongxing Co., and Junxin Co. [6] - Biofuel companies benefiting from overseas carbon reduction policies, including Shangaohuan Energy, Jiaao Environmental, and others, are also recommended for investment [7] - High dividend assets in the water sector, such as Beikong Water Group and Yuehai Investment, are highlighted as potential investment opportunities [7]

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Viewpoints - The report highlights significant profit growth in waste incineration power generation companies, with cash flow further improving. Major companies like Junxin Co. (+47.6%), Hanlan Environment (+28.1%), and Yongxing Co. (+25.6%) reported substantial increases in net profit for Q3 2025 [5][10] - The report indicates that the profitability of water companies shows significant differentiation, with some companies like Chuangye Environmental and Shouchuang Environmental experiencing declines in net profit, while others like Hongcheng Environment and Chongqing Water reported growth [7][24] - In the biofuel sector, companies experienced substantial profit growth due to rising prices and increased sales volumes, particularly in UCO and SAF [28][39] Summary by Sections 1. Municipal Environmental Protection - Waste incineration power generation companies saw significant profit increases, with cash flow improving. Key reasons include project expansions, increased waste processing volumes, and enhanced project profitability through heat supply [5][10][12] - Water companies displayed profit differentiation, with notable declines in net profit for Chuangye Environmental and Shouchuang Environmental, while others like Hongcheng Environment and Chongqing Water showed growth [7][24] 2. Biofuels - Major biofuel companies reported significant profit growth in Q3 2025, driven by rising UCO and SAF prices. UCO export prices increased by 16.7%-22.2%, while SAF prices surged by 42.16% [28][39] - Companies like Shanhai Environmental and Langkun Technology turned losses into profits, with Shanhai achieving a net profit of 0.1 billion yuan in Q3 2025, compared to a loss of 0.2 billion yuan in the same period last year [35][39]

Core Viewpoint - The company Wangneng Environment (002034.SZ) has received a court decision accepting its pre-restructuring application for its subsidiary Zhejiang Lixin, indicating potential financial restructuring efforts ahead [1] Group 1 - The Zhejiang Deqing County People's Court has delivered a notification and decision regarding the acceptance of the pre-restructuring application [1] - The court documents referenced are the Notification (2025) Zhe 0521 Po Shen 36 and the Decision (2025) Zhe 0521 Po Shen 36 [1]

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-95 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于法院裁定受理子公司预重整并指定预重整管理人的公告 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、法院裁定受理预重整事件概述 旺能环境股份有限公司（以下简称"公司"）于 2025 年 9 月 8 日召开第九届董事 会第十二次会议，审议通过《关于申请控股子公司浙江立鑫破产预重整的议案》，同意 公司作为债权人向法院申请浙江立鑫新材料科技有限公司（以下简称"浙江立鑫"）破 产重整，并申请启动预重整程序。具体内容详见刊登于 2025 年 9 月 9 日《证券时报》 《证券日报》《上海证券报》及巨潮资讯网上的《关于申请控股子公司浙江立鑫破产预 重整的公告》（公告编号：2025-75）。 公司及下属控股子公司浙江立鑫于 2025 年 11 月 12 日收到浙江省德清县人民法院 （以下简称"德清法院"）送达的《通知书》（2025）浙 0521 破申 36 号、《 ...

Core Viewpoint - The company Wangneng Environment (002034.SZ) has received a court decision accepting its pre-restructuring application for its subsidiary Zhejiang Lixin, indicating potential financial restructuring efforts ahead [1] Group 1 - The Zhejiang Deqing County People's Court has delivered a notification and decision regarding the acceptance of the pre-restructuring application [1] - The court documents referenced are the Notification (2025) Zhe 0521 Po Shen 36 and the Decision (2025) Zhe 0521 Po Shen 36 [1]

Core Viewpoint - The company has initiated a pre-restructuring application for its subsidiary, Zhejiang Lixin, which has been accepted by the Deqing Court, indicating a proactive approach to address financial challenges [1] Group 1: Company Actions - The company received a court document on November 12, 2025, regarding the acceptance of the pre-restructuring application for Zhejiang Lixin, submitted on November 5 [1] - Zhejiang Lixin was established on March 15, 2018, with a registered capital of 52.5 million yuan [1] - The Deqing Court has appointed Zhejiang Zeda (Huzhou) Law Firm as the temporary administrator for the pre-restructuring process [1] Group 2: Implications of Pre-restructuring - The acceptance of the pre-restructuring application allows for early cleanup efforts and the formulation of a restructuring plan, which may enhance the likelihood of successful restructuring [1] - There remains uncertainty regarding whether Zhejiang Lixin will successfully enter the restructuring process and achieve a successful turnaround [1]

Core Viewpoint - Wangneng Environment announced the completion of a share repurchase program, acquiring a total of 9,949,200 shares, which represents 2.29% of the company's total share capital [1] Summary by Relevant Sections - **Share Repurchase Details** - The share repurchase took place from December 4, 2024, to November 7, 2025 [1] - The repurchase was conducted through a dedicated securities account via centralized bidding [1]

| | | 旺能环境股份有限公司 关于股份回购实施完成暨股份变动情况的公告 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。 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》《证券日报》及巨潮资讯网上的《关于回购公司股份方 案暨取得金融机构回购专项贷款承诺函的公告》（2024-96）、《回购报告书》 （2024-99）。 因 2024 年度权益分派实施 ...

Core Viewpoint - Wangneng Environment (002034.SZ) has completed its share repurchase program, acquiring a total of 9,949,200 shares, which represents 2.29% of the company's total share capital, within the specified timeframe [1] Summary by Relevant Sections - **Share Repurchase Details** - The company repurchased shares from December 4, 2024, to November 7, 2025, through a centralized bidding trading method [1] - The highest transaction price was 20.20 CNY per share, while the lowest was 14.00 CNY per share [1] - The total amount spent on the repurchase was 159,983,122 CNY (excluding transaction fees) [1] - **Financial Compliance** - The repurchase amount exceeded the lower limit of the repurchase fund total of 100 million CNY and did not exceed the upper limit of 200 million CNY [1] - The repurchase was conducted in accordance with the established repurchase plan, repurchase report, and relevant legal regulations [1]