东江环保股份有限公司 关于开展外汇套期保值业务的可行性分析报告 一、开展外汇套期保值业务的目的 为降低融资费用、拓宽融资渠道，公司及下属子公司拟配置部分利率较低的 外币借款。鉴于目前国际外汇市场变化较快，为有效规避外汇市场风险、合理降 低财务费用，公司及子公司拟开展外汇套期保值业务。 4、交易对方 境内外经有关政府部门批准、具有外汇套期保值业务经营资质的银行等金融 机构。 三、外汇套期保值的可行性分析 公司及子公司拟开展的外汇套期保值业务将只限于向银行申请外币借款、公 司及子公司经营所使用的主要结算货币相同的币种，主要外币币种为欧元、美元、 日元等。公司及子公司拟开展的外汇套期保值业务包括远期结售汇、外汇掉期、 外汇期权及其他外汇衍生产品等业务。 2、业务规模及投入资金来源 根据实际需求情况，公司及子公司本次批准额度为不超过3.5亿元人民币或等 值外币。在上述额度范围内，资金可以循环使用。资金来源为自有资金，不涉及 募集资金。 3、期限及授权 上述额度自董事会审议通过后一年内有效。如单笔交易的存续期超过了决议 的有效期，则决议的有效期自动顺延至单笔交易终止时止。授权公司董事长审批 日常外汇套期保值业务方案及签 ...

Group 1 - The company Dongjiang Environmental announced a revenue of 900 million yuan for the third quarter of 2025, representing a year-on-year decrease of 1.56% [1] - The net profit attributable to shareholders of the listed company was a loss of 281 million yuan [1] - The basic earnings per share were reported at -0.25 yuan [1]

股票代码：002672 股票简称：东江环保 公告编号：2025-40 第八届监事会第九次会议决议公告 本公司及其监事会全体成员保证信息披露内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 东江环保股份有限公司 表决结果为3票同意，0票反对，0票弃权。 经审核，监事会认为：董事会审核《关于2025年第三季度报告的议案》的程 序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映 了本公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn/）上披露的《东 江环保股份有限公司2025年第三季度报告》。 三、备查文件 公司第八届监事会第九次会议决议。 特此公告。 东江环保股份有限公司（以下简称"公司"）第八届监事会第九次会议于 2025 年 10 月 29 日以现场结合通讯方式在广东省深圳市南山区高新区北区朗山路 9 号东江环保大楼召开。会议通知于 2025 年 10 月 21 日以电子邮件方式送达，会 议应到监事 3 名、实到监事 3 名。会议由监事会主席彭卓卓先生召集并主持，会 ...

东江环保股份有限公司 第八届董事会第九次会议决议公告 本公司及其董事会全体成员保证信息披露内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 东江环保股份有限公司（以下简称"公司"）第八届董事会第九次会议于 2025 年 10 月 29 日以现场结合通讯方式在广东省深圳市南山区高新区北区朗山 路 9 号东江环保大楼召开。会议通知于 2025 年 10 月 21 日以电子邮件方式送达， 会议应到董事 9 名、实到董事 9 名，会议召开符合《公司法》及《公司章程》 的规定。会议由董事长王碧安先生召集并主持，本公司部分监事及高级管理人 员列席会议。 二、董事会会议审议情况 全体董事经过审议，以记名投票方式通过了如下决议： 股票代码：002672 股票简称：东江环保 公告编号：2025-39 （三）《关于董事长及高级管理人员 2024 年度薪酬清算的议案》 （二）《关于继续开展外汇套期保值业务的议案》 表决结果为 6 票同意，0 票反对，0 票弃权。关联董事王碧安、李向利、 王石回避表决。 表决结果为 9 票同意，0 票反对，0 票弃权。 同意董事长及高级管理人员 2024 年度考核 ...

Financial Performance - Q3 2025 revenue was CNY 899,643,647.07, a decrease of 1.56% year-over-year, while year-to-date revenue reached CNY 2,400,113,956.83, down 2.72% compared to the same period last year[4] - The net profit attributable to shareholders was CNY -281,443,091.99 for Q3 2025, representing a decline of 190.37% year-over-year, with a year-to-date net profit of CNY -559,620,172.21, down 57.96%[4] - Basic and diluted earnings per share for Q3 2025 were both CNY -0.25, reflecting a decrease of 177.78% and 150.00% respectively compared to the same period last year[4] - The total operating revenue for the current period was RMB 2.4 billion, a decrease from RMB 2.47 billion in the previous period, representing a decline of approximately 2.7%[25] - The company reported an operating loss of RMB 536.8 million, compared to a loss of RMB 428.1 million in the previous period[25] - The net profit attributable to the parent company was -$559.62 million, compared to -$354.28 million in the previous period, reflecting a deterioration of 58%[26] - The total comprehensive income attributable to the parent company was -$559.59 million, compared to -$342.92 million, indicating a decline of 63%[26] - The basic and diluted earnings per share were both -$0.51, worsening from -$0.32 in the previous period[26] Cash Flow and Assets - Cash flow from operating activities showed a net inflow of CNY 81,155,739.13, an increase of 175.41% year-over-year, attributed to higher revenue from industrial waste resource utilization[8] - The company’s cash and cash equivalents were reported at RMB 896.8 million, down from RMB 1.18 billion[23] - Cash and cash equivalents at the end of the period totaled $782.77 million, up from $268.98 million, marking an increase of 191%[30] - The net cash flow from operating activities was $81.16 million, a significant improvement from -$107.63 million in the previous period[29] - The net cash flow from financing activities was $16.09 million, compared to -$169.73 million, showing a turnaround[30] - The total operating cash outflow was $2.84 billion, down from $3.06 billion, a reduction of 7%[29] Liabilities and Equity - Total assets at the end of Q3 2025 were CNY 10,756,136,687.46, down 4.63% from the end of the previous year[4] - Short-term borrowings increased by 49.19% to CNY 1,785,806,678.92, primarily due to new bank loans taken during the reporting period[6] - The company’s total liabilities included a 80.08% increase in bonds payable, reaching CNY 899,277,316.67, due to the issuance of medium-term notes[6] - The total equity attributable to shareholders decreased by 15.42% to CNY 3,044,743,596.00 compared to the end of the previous year[4] - The company’s total liabilities amounted to RMB 7.25 billion, compared to RMB 7.13 billion in the previous period, indicating an increase of approximately 1.7%[24] Legal and Environmental Issues - The company is required to pay a total of RMB 85,868,122.44 for environmental pollution investigation and related costs, along with interest of RMB 7,216,636.18, as per the court ruling[13] - The company must compensate RMB 10,577,773.11 and service fees of RMB 1,065,881.26 to 嘉园环保有限公司 following a contract dispute[15] - The company is involved in an administrative lawsuit seeking compensation from the Shaoyang Municipal Government for the unilateral termination of a waste management contract[17] - The company is currently facing litigation regarding environmental pollution claims from 江西环保股份有限公司[12] - The company has been ordered to pay additional costs related to soil pollution risk management amounting to RMB 1,057,219.89[13] - The company is currently in discussions regarding compensation for the termination of the waste management contract due to policy changes[17] Investments and Projects - The company reported a significant increase in investment income of CNY 7,647,386.69, up 547.49% due to higher returns from joint ventures[8] - The company established a joint venture, Dongjiang Automotive Resource Recycling (Hubei) Co., Ltd., to expand its automotive parts remanufacturing business[20] - The company plans to fully promote its automotive recycling project under the registered trademarks "Dongjiang Rebirth," "Dongjiang Renewal," and "Dongjiang New Green"[20] Operational Changes - The company recorded a substantial increase in operating expenses, with non-operating expenses rising by 2,894.10% to CNY 110,263,499.28, mainly due to provisions for litigation losses[8] - The company has completed the transfer of assets and operations related to the waste management project to the Shaoyang Municipal Government as part of the contract termination process[17] - The company has provided a guarantee of up to RMB 160 million for its subsidiary 唐山万德斯 to secure a bank credit line[18] - The company has not disclosed any significant changes in the shareholding structure among the top 10 shareholders[11] - The company has not participated in any margin financing activities as indicated in the report[11]

Core Viewpoint - Dongjiang Environmental (002672) reported that as of October 20, 2025, the total number of A-share shareholders is 28,746 [1] Company Information - Dongjiang Environmental has engaged with investors through an interactive platform to provide updates on shareholder numbers [1]

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].