《中诚信国际关于终止广东长青(集团)股份有限公司主体及相关债项信用评级的公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司近日发布公告称，中诚信国际决定终止对广东长青(集团)股份有限公司主体及"长集转债"的信用评 级。公告显示，中诚信国际此前于2025年6月9日对该公司主体及"长集转债"维持AA-评级，展望稳定。 由于公司股票价格在多个交易日不低于转股价格的130%，已触发赎回条件，公司行使提前赎回权利， 全额赎回未转股的"长集转债"，该债券已于2025年11月12日在深交所摘牌。截至公告日，公司无存续债 券使用中诚信国际评级，因此中诚信国际根据相关规定决定终止相关信用评级，评级结果自公告日起失 效。 最新公告列表 截至2025年11月13日收盘，长青集团（002616）报收于6.39元，较前一交易日上涨0.16%，最新总市值 为54.9亿元。该股当日开盘6.38元，最高6.41元，最低6.33元，成交额达6607.38万元，换手率为1.77%。 ...

China Chengxin International Credit Rating Co.,Ltd. 北京市东城区朝阳门内大街南竹杆胡同 2 号银河 SOHO5 号楼 邮编：100010 电话：（8610）66428877 传真：（8610）66426100 Building5,GalaxySOHO,No.2Nanzhuganhutong,ChaoyangmenneiAvenue, DongchengDistrict,Beijing,100010 债项信用评级，自本公告发布之日起，上述评级结果失效，并将不再更新其信用 评级结果。 特此公告 [2025]367 中诚信国际关于终止广东长青(集团)股份有限公司 主体及相关债项信用评级的公告 广东长青(集团)股份有限公司（以下简称"广东长青"或"公司"）发行的 "长集转债"由中诚信国际信用评级有限责任公司（以下简称"中诚信国际"） 进行相关信用评级工作。中诚信国际于 2025 年 6 月 9 日出具了《广东长青(集 团)股份有限公司 2025 年度跟踪评级报告》，维持公司的主体信用等级为 AA-， 评级展望为稳定，维持"长集转债"的信用等级为 AA -，有效期为受 ...

Summary of Key Points Core Viewpoint The announcement details the redemption of the "Changji Convertible Bonds" by Guangdong Changqing (Group) Co., Ltd., following the fulfillment of conditions for early redemption due to the stock price exceeding the specified threshold. Group 1: Convertible Bond Basic Information - The company issued 8 million convertible bonds with a total value of 800 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission on April 9, 2020 [2][30]. - The bonds were listed on the Shenzhen Stock Exchange on May 13, 2020 [3][31]. - The conversion period for the bonds is from October 15, 2020, to April 8, 2026 [4][32]. Group 2: Conversion Price Adjustments - The conversion price was adjusted multiple times, including a decrease from 8.31 yuan to 8.11 yuan on June 3, 2020, and further adjustments down to 5.15 yuan by September 24, 2025 [5][6][35]. - The most recent adjustment occurred on September 18, 2024, setting the conversion price to 5.30 yuan [7][36]. Group 3: Redemption Conditions - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days or if the unconverted bond balance falls below 30 million yuan [8][36]. - The redemption was triggered as the stock price met the criteria from September 15 to October 13, 2025 [10][38]. Group 4: Redemption Implementation - The redemption price is set at 101.151 yuan per bond, including interest and tax [15][42]. - A total of 11,228 bonds will be redeemed, amounting to 1,135,723.25 yuan [20][49]. - The redemption date is November 4, 2025, with trading of the bonds ceasing on October 30, 2025 [17][47]. Group 5: Impact of Redemption - The total face value of the redeemed bonds is 1,122,800 yuan, representing 0.1404% of the total issuance, which will not significantly impact the company's financial status [22]. - The total share capital increased by 117,333,224 shares due to conversions, leading to a dilution of earnings per share in the short term [22][26]. Group 6: Delisting Arrangement - The bonds will be delisted from the Shenzhen Stock Exchange on November 12, 2025, following the complete redemption [25][49].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][6][9]. Core Views - The report highlights the introduction of the "Ecological Environment Monitoring Regulations," which will enhance the automation, digitalization, and intelligence of ecological monitoring systems starting January 1, 2026 [1][15]. - The public utility and environmental sectors have seen a decrease in fund holdings, with a total market value of 49.695 billion yuan, down 29.64% from the previous quarter [2][17]. - The report emphasizes investment opportunities in the renewable energy sector and comprehensive energy management, particularly in the context of carbon neutrality [11][27]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.82%, while the public utility index increased by 2.42% and the environmental index by 2.71%, with respective relative returns of 1.60% and 1.89% [1][14][29]. - Within the electricity sector, coal-fired power increased by 2.09%, hydropower by 2.00%, and renewable energy generation by 3.08% [1][30]. Important Events - The State Council announced the "Ecological Environment Monitoring Regulations," aimed at establishing a modern ecological monitoring system [1][15]. - A significant achievement in nuclear fuel conversion was reported, marking a milestone in the use of thorium-based molten salt reactors [16]. Investment Strategy - Recommendations include major coal-fired power companies like Huadian International and regional power companies with stable pricing like Shanghai Electric [3][27]. - The report suggests investing in leading renewable energy firms such as Longyuan Power and Three Gorges Energy, as well as companies involved in offshore wind energy [3][27]. - Nuclear power companies like China Nuclear Power and China General Nuclear Power are expected to maintain stable profitability [3][27]. - High-dividend hydropower stocks like Yangtze Power are highlighted for their defensive attributes in a declining interest rate environment [3][27]. - In the environmental sector, companies like China Science Instruments and Shandong High Energy are recommended due to their growth potential [27]. Key Company Earnings Forecasts and Investment Ratings - Huadian International (600027.SH) is rated "Outperform" with an expected EPS of 0.49 yuan for 2024 and a PE ratio of 10.3 [5][9]. - Longyuan Power (001289.SZ) is also rated "Outperform" with an expected EPS of 0.76 yuan for 2024 and a PE ratio of 22.9 [9]. - Other recommended companies include Guangxi Energy, Funiu Co., and Zhongmin Energy, all rated "Outperform" [9][27].

Investment Rating - The report maintains an "Outperform" rating for the public utilities and environmental sectors [5][11]. Core Insights - The report highlights the introduction of the "Ecological Environment Monitoring Regulations," which will enhance the automation, digitalization, and intelligence of ecological monitoring systems starting January 1, 2026 [15][17]. - The public utilities and environmental sectors have seen a decrease in fund holdings, with a total market value of 49.695 billion yuan, down 29.64% from the previous quarter [2][17]. - The report emphasizes investment opportunities in the renewable energy sector, particularly in companies like Longyuan Power and Three Gorges Energy, as well as in nuclear power and hydropower sectors [3][27]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.82%, while the public utilities index increased by 2.42% and the environmental index by 2.71% [14][29]. - Within the electricity sector, coal-fired power increased by 2.09%, hydropower by 2.00%, and renewable energy generation by 3.08% [30]. Important Policies and Events - The State Council announced the "Ecological Environment Monitoring Regulations," aimed at establishing a modern ecological monitoring system [15][17]. - A significant achievement in nuclear technology was reported with the successful conversion of thorium-uranium nuclear fuel at a molten salt reactor [16]. Investment Strategy - Recommendations include major coal-fired power companies like Huadian International and regional electricity companies such as Shanghai Electric due to stable profitability [3][27]. - The report suggests focusing on companies in the renewable energy sector, including Longyuan Power and Three Gorges Energy, as well as nuclear power operators like China Nuclear Power and China General Nuclear Power [3][27]. - For the environmental sector, it recommends companies like China Tianying and Guangda Environment, which are positioned well in the mature water and waste incineration markets [27]. Fund Holdings Analysis - As of Q3 2025, the public utilities and environmental sectors had 122 stocks heavily held by funds, a decrease of 4 from the previous quarter [2][17]. - The total market value of holdings in the electricity sector was 42.276 billion yuan, down 30.82% from the previous quarter [17]. - The report identifies the top five companies with increased fund holdings in the electricity sector, including JinkoSolar and Longyuan Power [17]. Company Profit Forecasts - The report provides profit forecasts and investment ratings for key companies, including Huadian International with a projected EPS of 0.49 yuan for 2024 and a PE ratio of 10.3 [5]. - Other recommended companies include Longyuan Power, Three Gorges Energy, and China Nuclear Power, all rated "Outperform" [9][5].

| 证券代码：002616 | 证券简称：长青集团 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：128105 | 债券简称：长集转债 | | 广东长青（集团）股份有限公司 2、"长集转债"摘牌日：2025 年11月12日 3、"长集转债"摘牌原因：存续期内可转债全部赎回 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会《关于核准广东长青（集团）股份有限公司公开发 行可转换公司债券的批复》（证监许可[2019]2009 号）核准，公司于 2020 年 4 月 9 日公开发行了 800 万张可转换公司债券（债券简称：长集转债，债券代码：128105）， 每张面值 100 元，发行总额 8.00 亿元。 关于"长集转债"摘牌的公告 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。 1、"长集转债"赎回日：2025 年11月4日 （二）可转换公司债券上市情况 经深圳证券交易所"深证上[2020]372 号"文同意，公司 8.00 亿元可转换公司 债券于 2020 年 5 月 13 日起在深交 ...

| 证券代码：002616 | 证券简称：长青集团 | 公告编号：2025-082 | | --- | --- | --- | | 债券代码：128105 | 债券简称：长集转债 | | 广东长青（集团）股份有限公司 关于"长集转债"赎回结果的公告 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。 （三）可转换公司债券转股期限 1、因公司实施 2019 年年度权益分派，"长集转债"转股价格于 2020 年 6 月 3 日起由原 8.31 元/股调整为 8.11 元/股，调整后的转股价格自 2020 年 6 月 3 日起 生效。详见 2020 年 5 月 28 日披露的《关于可转债转股价格调整的公告》（公告编号： 2020-054）。 2、因公司实施 2020 年年度权益分派，"长集转债"转股价格于 2021 年 4 月 30 日起由原 8.11 元/股调整为 7.91 元/股，调整后的转股价格自 2021 年 4 月 30 日 起生效。详见 2021 年 4 月 24 日披露的《关于可转债转股价格调整的公告》（公告编 号：2021-038）。 一、可转换公司债券 ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [5][11]. Core Views - The report highlights the introduction of the "Ecological Environment Monitoring Regulations," which will enhance the automation, digitalization, and intelligence of ecological monitoring systems starting January 1, 2026 [15][17]. - The public utility and environmental sectors have seen a decrease in fund holdings, with a total market value of 49.695 billion yuan, down 29.64% from the previous quarter [2][17]. - The report emphasizes investment opportunities in the renewable energy sector and comprehensive energy management, particularly in the context of carbon neutrality [27]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.82%, while the public utility index increased by 2.42% and the environmental index by 2.71% [14][29]. - Within the electricity sector, coal-fired power increased by 2.09%, hydropower by 2.00%, and renewable energy generation by 3.08% [30]. Important Policies and Events - The "Ecological Environment Monitoring Regulations" were signed into law, aiming to establish a modern ecological monitoring system [15][17]. - A significant achievement in nuclear fuel conversion was reported, marking a milestone in thorium-uranium fuel technology [16]. Investment Strategy - Recommendations include major coal-fired power companies like Huadian International and regional electricity companies such as Shanghai Electric due to stable profitability [3][27]. - The report suggests investing in leading renewable energy firms like Longyuan Power and Three Gorges Energy, as well as high-quality offshore wind power companies [3][27]. - Nuclear power companies like China National Nuclear Power and China General Nuclear Power are expected to maintain stable profitability [3][27]. - High-dividend hydropower stocks like Yangtze Power are recommended for their defensive attributes [3][27]. - In the environmental sector, companies like China Science Instruments and Shandong High Energy are highlighted for their growth potential [27]. Key Company Earnings Forecasts and Investment Ratings - Huadian International (600027.SH) is rated "Outperform" with an expected EPS of 0.49 yuan for 2024 and 0.62 yuan for 2025 [5]. - Longyuan Power (001289.SZ) is also rated "Outperform" with an expected EPS of 0.76 yuan for 2024 and 0.81 yuan for 2025 [9]. Fund Holdings Analysis - As of Q3 2025, the public utility and environmental sectors had 122 stocks heavily held by funds, a decrease of 4 from the previous quarter [2][17]. - The electricity sector accounted for 55 of these stocks, with a total market value of 42.276 billion yuan, down 30.82% from the previous quarter [17]. Environmental Sector Insights - The water and waste incineration industries are entering a mature phase, with improved free cash flow and declining risk-free rates [27]. - The domestic waste oil recycling industry is expected to benefit from the EU's SAF blending policy [27].

Group 1 - The core viewpoint of the news is that Changqing Group's stock has shown significant performance, with a year-to-date increase of 39.96% and a recent rise of 2.21% in a single trading session [1] - As of November 7, the stock price reached 6.48 yuan per share, with a market capitalization of 5.564 billion yuan [1] - The company has seen a net inflow of main funds amounting to 3.171 million yuan, with large orders accounting for 21.53% of total buying [1] Group 2 - For the first nine months of 2023, Changqing Group reported a revenue of 2.723 billion yuan, a year-on-year decrease of 2.39%, while the net profit attributable to shareholders increased by 63.94% to 202 million yuan [2] - The number of shareholders decreased by 12.26% to 21,800, while the average circulating shares per person increased by 16.53% to 22,103 shares [2] Group 3 - Since its A-share listing, Changqing Group has distributed a total of 939 million yuan in dividends, with 185 million yuan distributed over the past three years [3]

| 证券代码：002616 | 证券简称：长青集团 | 公告编号：2025-081 | | --- | --- | --- | | 债券代码：128105 | 债券简称：长集转债 | | 广东长青（集团）股份有限公司 关于转让长青环保能源（中山）有限公司与中山市长青环保 热能有限公司 100%股权的进展公告 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。 特别提示： 本次交易已获得中山市城市管理和综合执法局的审批同意。尚未完成相关资 产的交割、过户、工商变更等事项，具体实施情况和进度上存在不确定性， 公司将按照《深圳证券交易所股票上市规则》等法律法规及《公司章程》的 规定，根据本次交易进展情况及时履行信息披露义务，敬请广大投资者注意投资 风险。 一、股权转让交易概述 1、2023 年 6 月 30 日，广东长青（集团）股份有限公司（以下简称"公司"、 "长青集团"）与中山公用事业集团股份有限公司（以下简称"中山公用"）签署 了《关于长青环保能源(中山)有限公司、中山市长青环保热能有限公司股权并购 框架协议》（以下简称"原协议"），拟将公司及公司全资子公司名厨（ ...