Core Viewpoint - The lawsuit between Wandes (688178.SH) and Dongjiang Environmental (002672.SZ) has raised concerns about the risk of guarantee chains in the environmental protection industry, with the dispute centered around the disposal of Wandes' 16% equity stake in a joint venture, involving an amount of approximately 17.78 million yuan [1] Company Summary - Wandes has received a summons from the Tangshan Caofeidian District People's Court due to issues related to the performance of counter-guarantee responsibilities, with the lawsuit amounting to about 17.78 million yuan [1] - A representative from Wandes stated that the lawsuit will not affect the company's overall capital operations and normal functioning, indicating that the matter primarily concerns the equity aspect of the joint venture [1]

Core Insights - The environmental governance sector saw a slight increase of 0.05% on October 23, with Dongjiang Environmental leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1] Stock Performance - Dongjiang Environmental (002672) closed at 5.29, with a significant increase of 9.98% and a trading volume of 393,100 shares, amounting to 204 million yuan [1] - Tongyuan Environment (688679) and Zhonglan Environmental (300854) also performed well, with increases of 7.64% and 7.12%, respectively [1] - Conversely, Huicheng Environmental (300779) experienced a notable decline of 12.51%, closing at 154.50 [2] Capital Flow - The environmental governance sector experienced a net outflow of 427 million yuan from institutional investors, while retail investors contributed a net inflow of 325 million yuan [2] - The data indicates that retail investors are actively participating in the market despite the overall net outflow from institutional funds [2] Individual Stock Capital Flow - Dongjiang Environmental saw a net inflow of 58.66 million yuan from institutional investors, but a net outflow from retail investors [3] - Other stocks like Zhongchi Holdings (603903) and Chuangye Environmental (600874) also showed mixed capital flows, with significant net inflows from institutional investors but outflows from retail investors [3]

（文章来源：每日经济新闻） 每经AI快讯，10月23日，环保概念股午后局部大涨，创业环保、东江环保双双直线涨停，中兰环保跟 涨。 ...

Core Viewpoint - The company Wandes has received a court summons regarding a lawsuit from Dongjiang Environmental, which seeks to auction the equity stakes of Wandes in Caofeidian Environmental Technology Co., Ltd. due to unpaid debts [1][6]. Group 1: Company Overview - Wandes holds a 16% stake in Caofeidian Environmental, while Dongjiang Environmental owns 80% [2][3]. - Caofeidian Environmental was established in 2013 and is involved in environmental sanitation, equipment manufacturing, and hazardous waste management [2]. Group 2: Financial Situation - As of March 31, 2025, Caofeidian Environmental reported total assets of 29.01 billion, total liabilities of 22.98 billion, and a net profit loss of 628.68 million for the first quarter [3]. - The company has taken out a loan of 200 million, with Dongjiang providing a guarantee for 160 million [4]. Group 3: Legal and Operational Developments - Wandes has provided a pledge guarantee for 256 million, corresponding to its 16% stake in Caofeidian Environmental, to support Dongjiang's debt obligations [4]. - Caofeidian Environmental has faced operational challenges, including lower-than-expected waste collection and declining disposal prices, leading to financial difficulties [6]. - Dongjiang has already compensated 111 million to HSBC for the loan, and has requested Wandes to fulfill its guarantee obligation of 17.78 million [6][7]. Group 4: Future Actions - Wandes is preparing for legal proceedings and plans to pursue claims against Caofeidian Environmental for any amounts paid under the guarantee [7]. - The company has made provisions for impairment on its long-term equity investment in Caofeidian Environmental [7].

Core Viewpoint - Dongjiang Environmental Protection Co., Ltd. is actively involved in industrial waste treatment and is expanding into municipal waste management, emphasizing a comprehensive environmental management solution aligned with low-carbon economy principles [2]. Group 1: Financial Performance - As of June 30, 2025, Dongjiang Environmental reported a revenue of 1.5 billion yuan, a year-on-year decrease of 3.4%, and a net profit attributable to shareholders of -278 million yuan, a year-on-year decrease of 8.09% [2]. - The company has cumulatively distributed 959 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 2: Stock and Financing Activity - On October 20, 2023, Dongjiang Environmental's stock rose by 0.85%, with a trading volume of 22.67 million yuan. The net financing buy was -388,300 yuan, indicating a higher level of financing repayment than new purchases [1]. - The total financing and securities lending balance for Dongjiang Environmental reached 114 million yuan, accounting for 2.67% of its market capitalization, which is above the 80th percentile of the past year [1]. - The company repaid 2,600 shares in securities lending on October 20, 2023, with a remaining securities lending balance of 15,480 yuan, exceeding the 90th percentile of the past year [1]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Dongjiang Environmental was 31,200, reflecting a slight increase of 0.14% from the previous period [2]. - Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, holding 14.26 million shares, an increase of 3.16 million shares from the previous period [3].

Group 1 - The core viewpoint of the news is that Dongjiang Environmental Protection experienced a decline in stock price and significant financing activity on October 15, with a net financing outflow of 424.25 million yuan [1] - On October 15, Dongjiang Environmental Protection's stock price fell by 0.21%, with a trading volume of 32.4585 million yuan [1] - The total financing and securities lending balance for Dongjiang Environmental Protection reached 119 million yuan, which is 2.73% of its circulating market value, indicating a high level of financing [1] Group 2 - Dongjiang Environmental Protection, established on September 16, 1999, focuses on industrial waste treatment and is expanding into municipal waste management, with a business model that emphasizes environmental management solutions [2] - The company's revenue composition includes 43.06% from industrial waste resource utilization, 26.46% from industrial waste treatment, and 19.14% from precious metal recovery, among other segments [2] - For the first half of 2025, Dongjiang Environmental Protection reported a revenue of 1.5 billion yuan, a year-on-year decrease of 3.40%, and a net profit attributable to shareholders of -278 million yuan, a decrease of 8.09% [2] Group 3 - Since its A-share listing, Dongjiang Environmental Protection has distributed a total of 959 million yuan in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 3.157 million shares to 14.2603 million shares [3]

格隆汇10月10日丨东江环保(00895.HK)公布，董事会会议将于2025年10月29日(星期三)，假座中华人民 共和国深圳市南山区朗山路9号东江环保大楼11楼举行，藉以(其中包括)考虑及批准公司及其附属公司 截至2025年9月30日止九个月之未经审核综合财务报表及其发布，及处理任何其他事宜(如有)。责任编 辑：山上 ...

格隆汇10月10日丨东江环保(00895.HK)公布，董事会会议将于2025年10月29日(星期三)，假座中华人民 共和国深圳市南山区朗山路9号东江环保大楼11楼举行，藉以(其中包括)考虑及批准公司及其附属公司 截至2025年9月30日止九个月之未经审核综合财务报表及其发布，及处理任何其他事宜(如有)。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 會 就 因 本 公 告 全 部 或 部 分內 容 而產生 或 因 倚賴 該 等內容 而 引 致的 任 何損失 承 擔 任何 責 任。 DONGJIANG ENVIRONMENTAL COMPANY LIMITED* 東江環保股份有限公司 ( 於 中 華 人 民 共 和國註 冊 成 立之 股 份有限 公 司 ) ( 股份代號： 0 0 8 9 5 ) 董事會會議通告 東江環保股份有限公司（「 本 公 司 」 ） 董 事 （ 「 董 事 」 ） 會 （ 「 董 事 會 」）謹 此 公 佈 ，董 事 會會議 將 於 2 0 2 5 年 1 0 月 2 9 日（ 星 期 三）， 假 座 中華 人 民共和 國（「中 國 」 ） 深圳 市 南 山區 朗 山路 9 號 東 江環 保 大樓 1 1 樓 舉 行， 藉 以（ 其中 包 括 ） 考慮 及 批准本 公 司 及其 附 屬公司 截 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 東江環保股份有限公司（於中華人民共和國註冊成立之股份有限公司） 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00895 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 200,137,500 | RMB | | 1 RMB | | 200,137,500 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 200,137,500 | RMB | | 1 RMB | | 200,137,500 | | 2. 股份分類 | ...