（文章来源：证券日报） 证券日报网讯节能环境11月12日发布公告，在公司回答调研者提问时表示，在海外业务开拓上，机会和 风险并存，公司目前在积极探索海外市场，同时十分重视风险管控。 ...

证券日报网讯节能环境（300140）11月12日发布公告，在公司回答调研者提问时表示，公司电工装备板 块主要的客户是变压器制造企业。 ...

（编辑 袁冠琳） 证券日报网讯 节能环境11月12日发布公告，在公司回答调研者提问时表示，今年以来，公司积极面对 市场挑战，注重内功打磨，持续强化全业务条线提质增效行动，持续开展全流程全链条的精细化管理， 持续提升价值创造能力。收入保持稳定，营业成本和费用显著减少，其他收益有所增加，盈利能力持续 提升。 ...

（编辑 袁冠琳） 证券日报网讯 节能环境11月12日发布公告，在公司回答调研者提问时表示，公司十分重视市值管理工 作，也很重视对股东的回报，今年分别完成了2024年度权益分派和2025年半年度权益分派。未来也会持 续加强这一部分工作，分红主要根据公司实际经营情况决策。 ...

投资者关系活动类别 □ 特定对象调研 ☑ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他 （请文字说明其他活动内容） 参与单位名称及 人员姓名 国信证券：黄秀杰、刘汉轩 时间 2025 年 11 月 11 日 (星期二)10：00—11：00 地点 节能大厦 8 层会议室 上市公司接待人员 姓名 证券事务代表：易田；王钰茹 投资者关系活动 主要内容介绍 公司就提出的问题进行了答复，主要答复问题内容如下： 1. 公司是否考虑出台稳态的分红承诺？ 公司十分重视市值管理工作，也很重视对股东的回报，今年分别 完成了 2024 年度权益分派和 2025 年半年度权益分派。未来也会持续 加强这一部分工作，分红主要根据公司实际经营情况决策。 2. 公司海外业务开拓是否有新进展？ 在海外业务开拓上，机会和风险并存，公司目前在积极探索海外 市场，同时十分重视风险管控。 3. 前三季度净利润增长明显，主要原因是什么？ 今年以来，公司积极面对市场挑战，注重内功打磨，持续强化全 业务条线提质增效行动，持续开展全流程全链条的精细化管理，持续 提升价值创造能力。收入保持稳定，营业成本和费用 ...

Core Viewpoint - The company is in the process of addressing competition issues related to its major asset restructuring, with commitments from its parent companies to resolve these issues within five years after the restructuring is completed [2] Group 1: Major Asset Restructuring - The company announced on November 5, 2023, that there are still some projects not injected into the listed company during the major asset restructuring [2] - China Energy Conservation and Environmental Protection Group and China Environmental Protection Group have committed to resolving the industry competition issues within five years after the completion of the major asset restructuring [2] Group 2: Project Management and Communication - The company is actively promoting communication and management improvements related to the injection of waste-to-energy projects that involve industry competition [2] - Preparatory work is underway for the injection of relevant projects, which are expected to be managed by the listed company as per the delegation from China Environmental Protection Group [2] Group 3: Market Opportunities - The company is also exploring other suitable acquisition targets in the market [2]

Core Insights - The company, Energy Conservation Environment, announced on November 5 that its future growth will primarily come from three areas: improving efficiency in existing projects, mergers or development of external and market projects (including overseas projects), and expansion into other solid waste business sectors [2] Group 1 - Future growth will be driven by enhancing the quality and efficiency of internal projects [2] - The company plans to pursue mergers or development of external projects, including those in overseas markets [2] - There is a strategic focus on expanding into other areas of solid waste business [2]

（文章来源：证券日报） 证券日报网讯节能环境11月5日发布公告，在公司回答调研者提问时表示，今年以来，公司积极面对市 场挑战，注重内功打磨，持续强化全业务条线提质增效行动，持续开展全流程全链条的精细化管理，持 续提升价值创造能力。收入保持稳定，营业成本和费用显著减少，其他收益有所增加，盈利能力持续提 升。 ...

Core Viewpoint - The company, Energy Conservation Environment, focuses on waste-to-energy projects and solid waste management, with a significant portion of its revenue derived from these operations [2] Group 1: Business Overview - The company's main business includes solid waste comprehensive disposal, environmental equipment, and electrical equipment, with waste-to-energy as the core [2] - The waste-to-energy business primarily operates under BOO and BOT concession models, allowing the company to earn waste disposal fees and electricity revenue during the concession period, which typically lasts 25 to 30 years [2] - In addition to waste-to-energy, the company can also process various solid wastes such as kitchen waste, sludge, and dead livestock, enhancing economic benefits [2] Group 2: Revenue Contribution - For the fiscal year 2024, the revenue from solid waste comprehensive disposal is expected to account for over 85% of the company's total operating income [2]

Core Viewpoint - The company, China Energy Conservation and Environmental Protection Co., Ltd. (CECEP), focuses on solid waste comprehensive disposal as its core business, which is expected to account for over 85% of its revenue in 2024. The company has shown significant net profit growth in the first three quarters of 2025 due to stable revenue and optimized costs, with clear future growth strategies outlined. Group 1: Business Overview - CECEP's core business includes solid waste comprehensive disposal, environmental equipment, and electrical equipment, with solid waste disposal being the primary growth driver [3] - The solid waste disposal business utilizes BOO and BOT models, generating revenue from waste disposal fees and electricity sales during a typical 25 to 30-year concession period [3] Group 2: Financial Performance - In the first three quarters of 2025, the company reported a notable increase in net profit, attributed to stable revenue growth and significant reductions in operating costs and expenses [4] - The core business of solid waste disposal and electricity generation has maintained robust operations, contributing to the overall financial performance [4] Group 3: Future Growth Strategies - The company plans to focus on three main growth areas: enhancing existing projects through technology upgrades and operational optimization, pursuing mergers and acquisitions for external projects, and expanding into other solid waste treatment sectors to diversify its business matrix [5] - CECEP aims to strengthen its competitive position in the environmental protection industry through refined management and market expansion [6]