Core Viewpoint - The company has decided to temporarily suspend the construction of the Yuanping biomass cogeneration project due to considerations of project investment economics, but will continue to advance the project with a change in construction technology [2] Group 1: Project Status - The Yuanping biomass cogeneration project is located in the Yuanping Economic and Technological Development Zone and is managed by the company's subsidiary, Yuanping Fuqiao New Energy Co., Ltd. [2] - The company has completed a reassessment of steam customers and the surrounding biomass fuel market, focusing on customer stability and fuel market security [2] Group 2: Project Adjustments - The construction technology for the project will be changed from a high-temperature, high-pressure biomass water-cooled vibrating grate boiler to a circulating fluidized bed boiler [2] - The project construction period is set to be 15 months, and the adjustment of construction technology has been validated by relevant design units and has received support and approval from government departments [2]

证券代码：002210 证券简称：飞马国际 公告编号：2025-056 后续，公司将根据项目建设进展及时进行信息披露。公司选定的信息披露媒 体为《证券时报》、《上海证券报》和巨潮资讯网 （www.cninfo.com.cn），公司所 有信息均以公司在上述媒体刊登的公告为准，敬请广大投资者关注、理性投资， 注意风险。 特此公告 深圳市飞马国际供应链股份有限公司董事会 深圳市飞马国际供应链股份有限公司 关于环保新能源项目实施进展的提示性公告 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。 深圳市飞马国际供应链股份有限公司（以下简称"本公司"或"公司"）于 2025 年 5 月 13 日在选定的信息披露媒体《证券时报》、《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）上披露了《关于环保新能源项目实施进展的提示性公告》 （公告编号：2025-021），基于项目投资经济性等因素综合考量，公司拟暂缓原 平生物质热电联产项目建设，该项目的建设地点位于原平经济技术开发区内，项 目的实施主体为公司子公司原平富乔新能源有限公司。 近期，公司完成了对园区用汽客户、 ...

Group 1 - The core point of the news is that Feima International's stock price increased by 5.99% to 4.25 CNY per share, with a trading volume of 1.009 billion CNY and a turnover rate of 9.21%, resulting in a total market capitalization of 11.31 billion CNY [1] - Feima International, established on July 9, 1998, and listed on January 30, 2008, is primarily engaged in supply chain management services and environmental new energy business, with revenue composition as follows: 81.71% from the environmental new energy sector, 11.34% from comprehensive logistics services, 6.47% from PPP project construction services, and 0.47% from trade execution services [1] Group 2 - From the perspective of major fund holdings, one fund under Huatai PineBridge has a significant position in Feima International, specifically the Huatai PineBridge CSI Environmental Governance Index (LOF) A (501030), which reduced its holdings by 669,100 shares in the third quarter, now holding 1.7238 million shares, accounting for 2.66% of the fund's net value, ranking as the fourth-largest holding [2] - The Huatai PineBridge CSI Environmental Governance Index (LOF) A (501030) was established on December 29, 2016, with a current scale of 182 million CNY, yielding a return of 21.71% year-to-date, ranking 2719 out of 4216 in its category, and a one-year return of 20.18%, ranking 2611 out of 3889 [2]

Core Viewpoint - Shenzhen Feima International Supply Chain Co., Ltd. is initiating commodity derivatives hedging business to mitigate risks associated with commodity price fluctuations and enhance financial stability, ensuring sustainable business operations [1][7]. Group 1: Hedging Business Overview - The purpose of the hedging business is closely related to the company's supply chain operations, aiming to utilize the hedging functions of the futures market [1][7]. - The main commodity types for the hedging business include energy and chemical products, with derivatives such as futures, swaps, options, and combinations of these products [2][7]. - The hedging business will primarily be conducted on domestic futures exchanges [3][7]. Group 2: Business Scale and Limits - The authorized margin and premiums for the hedging business will not exceed 10% of the audited net assets attributable to shareholders as of the end of 2024, which amounts to approximately 37.43 million yuan [4][7]. - The maximum contract value at any point will not exceed 50% of the audited revenue for 2024, equating to about 119.57 million yuan [4][7]. Group 3: Business Duration and Funding - The duration for the hedging business will be 12 months from the date of approval by the shareholders' meeting [5][7]. - The funding for the hedging business will come from the company's own funds, with a certain percentage of margin paid according to agreements with financial institutions [6][7].

证券代码：002210 证券简称：飞马国际 公告编号：2025-055 深圳市飞马国际供应链股份有限公司 关于开展商品衍生品套期保值业务的补充公告 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。 深圳市飞马国际供应链股份有限公司（以下简称"本公司"或"公司"）于 2025 年 10 月 29 日披露了《关于开展商品衍生品套期保值业务的公告》（公告编号： 2025-052），现就前述公告部分内容作补充披露（见下文斜体加粗文字）如下： 一、补充披露内容情况 （一）补充前： "一、期货套期保值业务情况概述 根据公司及子公司风险控制和经营发展需要，提请授权公司及子公司开展 商品衍生品套期保值业务任意时点的在手合约保证金和权利金不超过 2024 年度 末经审计的归属于上市公司股东的净资产 10%（不含标准仓单交割占用的保证金 规模），额度内可循环使用。任意时点的在手合约的最高合约价值不超过公司2024 年度经审计的营业收入的 50%。 4、套期保值业务交易期限 - 1 - 本次开展套期保值业务的期限为自公司股东大会审议通过之日起 12 个月。 5、资金来源 1、开展套期 ...

Market Overview - The environmental governance sector increased by 0.53% on October 29, with Shanghai Xiba leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Notable gainers in the environmental governance sector included: - Shanghai Xiba (603200) with a closing price of 92.86, up 6.64% [1] - Baolijie (920802) at 18.51, up 6.20% [1] - Haitan Co. (603759) at 11.00, up 5.87% [1] - Fulongma (603686) at 25.57, up 5.49% [1] - Huicheng Environmental (300779) at 161.07, up 5.29% [1] - Conversely, the following stocks experienced declines: - Haixia Environmental (603817) at 7.17, down 7.00% [2] - ST Taihe (605081) at 11.23, down 4.99% [2] - Zhuojin Co. (688701) at 9.22, down 4.55% [2] Capital Flow - The environmental governance sector saw a net inflow of 339 million yuan from institutional investors, while retail investors experienced a net outflow of 178 million yuan [2][3] - Major stocks with significant capital inflows included: - Fulongma (603686) with a net inflow of 3.12 billion yuan [3] - Shanghai Xiba (603200) with a net inflow of 196 million yuan [3] - Huicheng Environmental (300779) with a net inflow of 116 million yuan [3] - Stocks with notable net outflows included: - Fulongma (603686) with a net outflow of 1.11 billion yuan from retail investors [3] - Shanghai Xiba (603200) with a net outflow of 4.51 million yuan from retail investors [3]

Core Viewpoint - Feima International (002210.SZ) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating income of 162 million yuan, a year-on-year decrease of 24.89% [1] - The net profit attributable to shareholders was 14.33 million yuan, down 57.30% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 12.46 million yuan, showing a significant increase of 661.75% year-on-year [1] - Basic earnings per share were reported at 0.0054 yuan [1]

Group 1 - The core point of the article is the appointment of Zhao Libin as the new General Manager of Feima International, effective from the date of the board's approval until the end of the seventh board term [1] Group 2 - The board of directors of Feima International has approved the hiring of Zhao Libin [1] - The announcement was made on the evening of October 28 [1] - The term of the new General Manager will last until the current board's term expires [1]

Core Viewpoint - The company, Feima International, announced its decision to engage in futures hedging business to mitigate risks associated with commodity price fluctuations, pending approval from the shareholders' meeting [1]. Group 1 - The company will hold its seventh board meeting on October 27, 2025, to review the proposal for futures hedging business [1]. - The proposal aims to allow the company and its subsidiaries to conduct commodity derivatives hedging activities [1]. - The resolution is subject to approval by the shareholders' meeting [1].

Core Viewpoint - Feima International reported a significant decline in revenue for Q3 2025, while net profit saw a remarkable increase, indicating a potential shift in operational efficiency despite lower sales [1] Financial Performance - For Q3 2025, the company achieved revenue of 53.15 million yuan, a year-on-year decrease of 46.51% [1] - The net profit attributable to shareholders was 11.72 million yuan, showing a substantial year-on-year increase of 6061.12% [1] - Basic earnings per share for Q3 2025 were 0.0044 yuan [1] Year-to-Date Performance - In the first three quarters of 2025, the company reported total revenue of 162 million yuan, down 24.89% compared to the previous year [1] - The net profit attributable to shareholders for the first three quarters was 14.33 million yuan, reflecting a year-on-year decline of 57.30% [1] - Basic earnings per share for the first three quarters were 0.0054 yuan [1]