Core Viewpoint - The electrolytic manganese waste residue treatment industry is experiencing growth driven by increasing demand for electrolytic manganese, supportive government policies, and technological advancements. The market size is projected to reach 4.339 billion yuan in 2024, reflecting a year-on-year increase of 2.6% [1][6]. Industry Overview - Electrolytic manganese waste residue is a byproduct of electrolytic manganese production, containing harmful substances that pose environmental and health risks if not treated properly. Treatment methods include safe storage, harmless treatment, and resource utilization, which can be further categorized into four technical approaches: safe storage technology, dry processing technology, pyrometallurgical technology, and hydrometallurgical technology [3][4]. Market Size and Growth - The electrolytic manganese waste residue treatment market in China is expected to reach 4.339 billion yuan in 2024, with a year-on-year growth of 2.6% [1][6]. The production of electrolytic manganese waste residue is projected to reach 12.195 million tons in 2024, marking a 19.4% increase compared to the previous year [5][6]. Industry Development Trends 1. **Technological Advancements**: Continuous improvement in treatment technologies is essential due to tightening environmental regulations and increasing quality demands from downstream industries [9]. 2. **Accelerated Industry Consolidation**: Increased competition is leading to consolidation within the industry, with stronger companies likely to acquire weaker ones, enhancing market concentration [10][11]. 3. **Resource Utilization**: The waste residue contains valuable mineral elements, and its resource utilization can yield significant economic and environmental benefits. Potential applications include production of autoclaved bricks, fertilizers, road materials, and cement [12]. Competitive Landscape - The industry is becoming increasingly competitive, with numerous companies entering the market. Key players include Beijing Wanbangda Environmental Technology Co., Ltd., China Electric Environmental Protection Co., Ltd., and Tianjin Chuangye Environmental Protection Group Co., Ltd. [6][8].

每经AI快讯，万邦达（SZ 300055，收盘价：8.38元）11月17日晚间发布公告称，公司第六届第五次董 事会会议于2025年11月17日在公司会议室以电话会议的方式召开。会议审议了《关于公司及子公司拟开 展融资租赁业务的议案》等文件。 每经头条（nbdtoutiao）——展望"十五五" | 专访尹艳林：让有钱且愿消费的人顺利消费；个税起征点可 提高，最高边际税率可下调，让有关群体少缴税、多收入 （记者 张明双） 2025年1至6月份，万邦达的营业收入构成为：石油化工占比90.05%，工业水处理占比48.58%，固废处 理服务占比5.77%，分部间抵销占比-44.4%。 截至发稿，万邦达市值为70亿元。 ...

第六届董事会第五次会议决议公告 经全体董事审议，形成决议如下： 证券代码：300055 证券简称：万邦达 公告编号：2025-061 北京万邦达环保技术股份有限公司 第六届董事会第五次会议决议公告 北京万邦达环保技术股份有限公司（以下简称"公司"）于 2025 年 11 月 13 日，以电子邮件的方式向全体董事发出召开第六届董事会第五次会议的通知。 会议于 2025 年 11 月 17 日上午 10:00 在公司会议室以电话会议的方式召开，以 巡签方式表决。本次会议应出席董事 7 人，实际出席董事 7 人，公司高级管理人 员列席了会议。会议由董事长王飘扬先生召集并主持。会议的召集和召开符合《中 华人民共和国公司法》和《北京万邦达环保技术股份有限公司章程》的有关规定。 一、审议通过了《关于公司及子公司拟开展融资租赁业务的议案》 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 第六届董事会第五次会议决议公告 北京万邦达环保技术股份有限公司 董 事 会 二〇二五年十一月十七日 为有效盘活公司及子公司现有固定资产，满足公司经营发展需要，更好地支 持公司业务拓展，保障公司的稳 ...

关于公司及子公司拟开展融资租赁业务的公告 证券代码：300055 证券简称：万邦达 公告编号：2025-062 根据《深圳证券交易所创业板股票上市规则》以及《公司章程》等相关规定， 本次融资租赁事项在董事会审批权限内，无需提交公司股东会审议。本次交易事 项不构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资 产重组。 北京万邦达环保技术股份有限公司 关于公司及子公司拟开展融资租赁业务的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 北京万邦达环保技术股份有限公司（以下简称"公司"）于 2025 年 11 月 17 日召开第六届董事会第五次会议，审议通过了《关于公司及子公司拟开展融资租 赁业务的议案》，现将相关情况公告如下： 一、融资租赁情况概述 为有效盘活公司及子公司现有固定资产，满足公司经营发展需要，更好地支 持公司业务拓展，保障公司的稳定和可持续发展，公司及全资子公司吉林万邦达 环保技术有限公司（以下简称"吉林万邦达"）拟作为联合承租人，共同与永赢金 融租赁有限公司（以下简称"永赢金租"）以售后回租或直租的方式开展融资租赁 业务，本次融资额 ...

Market Overview - The refining and trading sector increased by 0.95% compared to the previous trading day, with Unity Co. leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable declines in individual stocks include: - Kangzhidun (603798) down 5.38% to 16.71 with a trading volume of 64,400 shares and a turnover of 110 million yuan [1] - Baomo Co. (002476) down 3.95% to 6.08 with a trading volume of 279,800 shares and a turnover of 172 million yuan [1] - Other stocks showed minor fluctuations, with Guanghui Energy (600256) and Taishan Petroleum (000554) remaining unchanged at 5.42 and 7.24 respectively [1] Capital Flow - The refining and trading sector saw a net inflow of 67.39 million yuan from main funds, while retail funds experienced a net outflow of 84.64 million yuan [1] - Retail investors contributed a net inflow of 17.25 million yuan [1] Individual Stock Capital Flow - China Petroleum (601857) had a main fund net inflow of 14.02 million yuan, while retail funds saw a net outflow of 10.08 million yuan [2] - Hengli Petrochemical (600346) reported a main fund net inflow of 10.9 million yuan, with retail funds experiencing a net outflow of 79.96 million yuan [2] - Qixiang Tengda (002408) had a main fund net inflow of 9.00 million yuan, while retail funds saw a net outflow of 12.66 million yuan [2]

北京乾成律师事务所 关于北京万邦达环保技术股份有限公司 2025 年第二次临时股东会 之 法律意见书 总部地址: 北京市朝阳区东三环中路财富中心 A 座 41 层 北京乾成律师事务所（以下简称"本所"）接受北京万邦达环保技 术股份有限公司（以下简称"公司"）的委托，指派本所律师出席见证 公司于 2025 年 11 月 14 日下午 3:00 召开的 2025 年第二次临时股东会 （以下简称"本次股东会"），并根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司股东会规则》等法律法规和其他有关规范性文 件以及《北京万邦达环保技术股份有限公司章程》（以下简称"《公司 章程》"）的规定，就本次股东会的召集和召开程序、出席会议人员资 格、召集人资格、会议表决程序和表决结果等事宜（以下简称"程序事 宜"）出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以及从巨潮资讯 网、深圳证券交易所官网查询到的有关本次股东会的文件，包括但不限 于《北京万邦达环保技术股份有限公司关于召开 2025 年第二次临时股 东会的通知》、《北京万邦达环保技术股 ...

2025 年第二次临时股东会决议公告 一、会议召开和出席情况 2025 年 10 月 30 日，北京万邦达环保技术股份有限公司（以下简称"公司"） 董事会发布了《关于召开 2025 年第二次临时股东会的通知》的公告，股权登记 日为 2025 年 11 月 10 日。 本次股东会现场会议于 2025 年 11 月 14 日下午 3:00 在北京市朝阳区五里桥 一街 1 号院非中心 22 号楼会议室召开。本次会议采用现场投票和网络投票相结 合的方式，网络投票通过深圳证券交易所交易系统和互联网投票系统进行。本次 股东会由公司董事会召集，公司董事长王飘扬先生因公出差，董事会半数以上董 事推举董事吕晖先生主持，除公司董事长王飘扬先生因工作原因未能参会，公司 其余董事、高级管理人员及见证律师等相关人士出席了本次会议。会议的召集、 召开及表决程序符合《中华人民共和国公司法》和《北京万邦达环保技术股份有 限公司章程》的有关规定。 1 1． 本次股东会无增加、变更、否决议案的情况。 2． 本次股东会未涉及变更前次股东会决议的情形。 3． 本次股东会采用现场与网络相结合的方式召开。 4． 中小股东是指除上市公司董事、高级管理人员 ...

Market Overview - The refining and trading sector experienced a decline of 0.66% on November 14, with Runbei Hangke leading the losses [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Notable gainers in the refining and trading sector included: - Heshun Petroleum (603353) with a closing price of 28.03, up 10.01% [1] - Unified Shares (600506) at 31.30, up 8.49% with a trading volume of 499,100 shares and a transaction value of 1.536 billion [1] - Baomo Shares (002476) at 6.33, up 3.09% with a transaction value of 214 million [1] - Conversely, Runbei Hangke (001316) led the declines with a closing price of 35.90, down 3.49% [2] - Other notable decliners included: - Wanbangda (300055) at 8.40, down 3.34% [2] - Daqing Huake (000985) at 20.03, down 2.53% [2] Capital Flow - The refining and trading sector saw a net outflow of 133 million from institutional investors and 197 million from speculative funds, while retail investors contributed a net inflow of 330 million [2] - Detailed capital flow for selected stocks showed: - Unified Shares (600506) had a net inflow of 167 million from institutional investors, but a net outflow of 12 million from speculative funds [3] - China Petroleum (601857) experienced a net outflow of 10.24 billion in total trading volume [2][3]

Core Viewpoint - Wanbangda's stock price has shown significant volatility, with a year-to-date increase of 78.22%, but a recent decline of 2.07% on November 14, indicating potential market fluctuations and investor sentiment changes [1][2]. Financial Performance - For the period from January to September 2025, Wanbangda reported a revenue of 1.784 billion yuan, a year-on-year decrease of 5.56%, while the net profit attributable to shareholders increased by 390.47% to 24.9923 million yuan [2]. - Cumulative cash dividends since the company's A-share listing amount to 318 million yuan, with 25.1025 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 14, Wanbangda's stock was trading at 8.51 yuan per share, with a total market capitalization of 7.121 billion yuan [1]. - The stock experienced a net outflow of main funds amounting to 14.7551 million yuan, with significant selling pressure observed [1]. Shareholder Information - As of September 30, the number of shareholders for Wanbangda was 32,200, reflecting a decrease of 6.79% from the previous period, while the average circulating shares per person increased by 7.28% to 19,662 shares [2]. Business Overview - Wanbangda, established on April 17, 1998, and listed on February 26, 2010, specializes in providing comprehensive industrial water treatment systems for large projects in coal chemical, petroleum chemical, and electric power industries [1]. - The company's main revenue source is from petroleum chemical products, accounting for 99.81% of total revenue, with other sources contributing 0.19% [2]. Industry Classification - Wanbangda is classified under the Shenwan industry category of petroleum and petrochemicals, specifically in refining and trade, and is associated with concepts such as coal chemical, social security heavy positions, PPP concepts, sewage treatment, and small-cap stocks [2].

Core Insights - Wanbangda's stock price decreased by 1.10% on November 11, with a trading volume of 352 million yuan. The company experienced a net financing purchase of 13.23 million yuan on the same day, indicating strong investor interest despite the price drop [1] Financing and Margin Trading - On November 11, Wanbangda had a financing buy amount of 47.79 million yuan and a financing repayment of 34.56 million yuan, resulting in a net financing purchase of 13.23 million yuan. The total financing and margin trading balance reached 412 million yuan, accounting for 5.71% of the circulating market value, which is above the 90th percentile of the past year [1] - The company had no short selling activity on November 11, with a short selling balance of 21.94 thousand yuan and a remaining short selling volume of 24.4 thousand shares, also above the 90th percentile of the past year [1] Company Overview - Beijing Wanbangda Environmental Technology Co., Ltd. was established on April 17, 1998, and listed on February 26, 2010. The company specializes in providing comprehensive industrial water treatment systems for large projects in coal chemical, petroleum chemical, and electric power industries [1] - The main revenue source for Wanbangda is petroleum chemical products, which account for 99.81% of total revenue, while other sources contribute 0.19% [1] Financial Performance - As of September 30, Wanbangda had 32,200 shareholders, a decrease of 6.79% from the previous period. The average number of circulating shares per person increased by 7.28% to 19,662 shares [2] - For the period from January to September 2025, Wanbangda reported operating revenue of 1.784 billion yuan, a year-on-year decrease of 5.56%. However, the net profit attributable to shareholders increased by 390.47% to 24.99 million yuan [2] Dividend Information - Since its A-share listing, Wanbangda has distributed a total of 318 million yuan in dividends, with 25.1 million yuan distributed over the past three years [3]