Core Insights - The central government has issued guidelines to accelerate the construction of a unified national carbon market, aiming for comprehensive coverage of major industrial sectors by 2027, which will drive the integration of carbon markets with green electricity and green certificate trading markets [1] - Wangneng Environment, a benchmark enterprise in the environmental protection industry, is positioned to benefit from these policy incentives due to its core business in waste incineration power generation and kitchen waste disposal, which aligns with the green electricity production [1] Group 1 - The company has constructed waste incineration power generation projects with a capacity of 23,200 tons and kitchen waste disposal projects of 3,720 tons, generating over 300,000 kWh annually [1] - In 2025, the company is actively expanding into green low-carbon emerging markets and has completed the filing for the "Zero Carbon Intelligent Computing Center" project, which is set to be included in provincial planning [2] - The introduction of the "Green Electricity Direct Connection Development Notice" allows waste incineration plants to supply green electricity directly to high-energy-consuming users, facilitating the commercial operation of the company's zero-carbon intelligent computing center [2] Group 2 - The demand for electricity in China is expected to grow by approximately 6% year-on-year in 2025, driven by economic growth and the acceleration of high-tech infrastructure construction [3] - The company is transitioning from traditional waste incineration to integrated multifunctional "comprehensive environmental energy stations" to meet higher environmental governance requirements [3] - Wangneng Environment is expanding its services to include kitchen waste treatment, sludge treatment, water treatment, and rubber recycling, forming a comprehensive service capability in urban environmental management [3] Group 3 - The company is exploring the integration of AI and other advanced technologies in waste-to-energy plants to enhance management capabilities and reduce secondary pollution [4] - By utilizing smart collection systems and data monitoring, the company aims to improve waste collection efficiency and resource output rates, thereby achieving quality and efficiency improvements [4] - The alignment of the company's business with national policies on green low-carbon transformation positions it as a key player in implementing the dual carbon strategy through market-oriented practices [4]

Core Viewpoint - Wangneng Environment Co., Ltd. has announced an adjustment to the upper limit of its share repurchase price due to the implementation of its 2024 annual equity distribution plan [1][4]. Group 1: Share Repurchase Overview - On November 26, 2024, Wangneng Environment's board approved a share repurchase plan using self-owned funds and special loan funds, with a maximum repurchase price set at 22.00 yuan per share and a total repurchase amount between 100 million yuan and 200 million yuan [2]. - The upper limit of the repurchase price was adjusted from 22.00 yuan to 21.71 yuan per share due to the implementation of the 2024 annual equity distribution [2][4]. Group 2: Equity Distribution Details - From July 31, 2025, to October 10, 2025, the company's total share capital increased from 433,984,137 shares to 433,984,982 shares due to convertible bonds conversion, adding 845 shares [3]. - The company will distribute a cash dividend of 2.00 yuan per 10 shares (including tax), totaling 84,904,216.40 yuan, with no bonus shares or capital reserve transfers [3]. - The record date for the equity distribution is October 20, 2025, and the ex-dividend date is October 21, 2025 [3]. Group 3: Adjusted Repurchase Price Limit - The new upper limit for the repurchase price, effective from October 21, 2025, is calculated as 21.71 yuan minus the cash dividend per share of 0.1956386 yuan, resulting in an adjusted price of approximately 21.51 yuan per share [4]. - If the upper limit of the repurchase amount is 200 million yuan, approximately 9.298 million shares (2.14% of total shares) are expected to be repurchased; if the lower limit is 100 million yuan, approximately 4.649 million shares (1.07% of total shares) are expected [4].

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-86 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于调整回购股份价格上限的公告 特别提示： 调整前回购股份价格上限为：21.71 元/股 调整后回购股份价格上限为：21.51 元/股 回购股份价格上限调整生效日期：2025 年 10 月 21 日 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、20 ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-87 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于实施旺能转债转股价格调整的提示性公告 特别提示： 调整前"旺能转债"转股价格为：14.18 元/股 调整后"旺能转债"转股价格为：13.98 元/股 转股价格调整起始日：2025 年 10 月 21 日 一、转股价格调整依据 旺能环境股份有限公司（以下简称"公司"）于2020年12月17日公开发行了1,400 万张可转换公司债券，每张面值100元，发行总额14亿元（债券简称：旺能转债；债 券代码：128141）。 根据中国证券监督管理委员会关于可转换公司债券发行的有关规定及《旺能环 境股份有限公司公开发行可转换公司债券募集说明书》（以下简称《募集说明书》） 的相关条款，在旺能转债发行之后，当公司发生送红股、转增股本、增发新股（不 包括因本次发行的可转债转股而增加的股本）、配股以及派发现金股利等情况时， 公司将按上述条件出现的先后顺序，依次对转股价格进行累积调整，具体调整办法 如下： 送红股或转增股本： ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-85 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 2025 年半年度权益分派实施公告 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、分红年度：2025年半年度 2、分配方案：分配比例不变 3、股权登记日：2025年10月20日；除权除息日：2025年10月21日 4、A股除权前总股本：433,984,982股；回购专户上已回购的股份数量： 9,463,900股 5、每10股派息（含税）：2.000000元；现金分红总额：84,904,216.40元；除 权后总股本：433,984,982股 一、股东大会审议通过利润分配方案情况 1、公司2025年第一次临时股东大会审议通过了《2025年半年度利润分配预案》， 具体内容为：以公司2025年7月31日的总股本433,984,137股剔除股票回购专用证券 账户中已回购股份9,366,000股后的余额424,618,137股为基数，每10股派发现 ...

Core Viewpoint - Wangneng Environment Co., Ltd. has made significant progress in its share repurchase plan, with a total of 9,463,900 shares repurchased as of September 30, 2025, representing 2.18% of the company's total share capital [3]. Summary by Sections Share Repurchase Plan Overview - The company approved a share repurchase plan on November 26, 2024, intending to use its own funds and special loan funds for the repurchase of A-shares. The repurchased shares will be used for employee stock ownership plans or convertible bond conversions. If not utilized within 36 months, the unutilized shares will be canceled. The initial repurchase price was set at a maximum of 22.00 CNY per share, with a total repurchase amount between 100 million CNY and 200 million CNY. Following the 2024 dividend distribution, the maximum repurchase price was adjusted to 21.71 CNY per share starting July 11, 2025 [2]. Latest Repurchase Progress - As of September 30, 2025, the company has repurchased a total of 9,463,900 shares at a maximum price of 20.20 CNY per share and a minimum price of 14.00 CNY per share, with a total transaction amount of 151,629,481 CNY (excluding transaction fees) [3]. Compliance Status - The company confirmed that its share repurchase activities comply with the relevant regulations of the Shenzhen Stock Exchange. The timing, quantity, and price of the repurchases adhered to the guidelines, and the company did not conduct repurchases during significant events that could impact stock prices. The repurchase orders were placed within the price limits set by the stock's daily trading fluctuations [4].

Core Viewpoint - Wangneng Environment (002034) announced the repurchase of shares, indicating a strategic move to enhance shareholder value and confidence in the company's future prospects [1] Summary by Category Company Actions - As of September 30, 2025, the company has repurchased a total of 9,463,900 shares through a dedicated securities account via centralized bidding, which represents 2.18% of the company's current total share capital [1]

关于权益分派期间"旺能转债"暂停转股的提示性公告 | 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-84 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 2025 年 10 月 10 日 1 附件：《旺能环境股份有限公司公开发行可转换公司债券募集说明书》中关于"转 股价格的调整方式及计算公式"的规定 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 | | | 转股起止时间：2021 | 年 | 6 | 月 23 | 日至 | 2026 | 年 12 月 16 | 日 | | 暂停转股时间：2025 | 年 | 10 | 月 13 | 日至 | 2025 | | 年半年度权益分派股权登记日止 | | ...

格隆汇10月9日丨旺能环境(002034.SZ)公布，截至2025年9月30日，公司通过回购专用证券账户以集中 竞价交易方式累计回购公司股份9,463,900股，占公司目前总股本的2.18%，最高成交价为20.20元/股， 最低成交价为14.00元/股，成交总金额为人民币151,629,481元（不含交易费用等）。本次回购符合公司 回购股份方案及相关法律法规的要求。 ...

Group 1 - The company, Wangneng Environment, announced a share repurchase plan, having repurchased approximately 9.46 million shares, which accounts for 2.18% of its total share capital, with a total transaction amount of approximately 152 million RMB [1] - The highest transaction price for the repurchased shares was 20.2 RMB per share, while the lowest was 14 RMB per share [1] - For the first half of 2025, the company's revenue composition is entirely from the ecological protection and environmental governance industry, accounting for 100% [1] Group 2 - The current market capitalization of Wangneng Environment is 7.3 billion RMB [2]