一、本人基本情况 本人吴海锁，中国国籍，未拥有永久境外居留权，1963 年出生，南京大学 环境学院博士，研究员级高级工程师，享受国务院政府特殊津贴专家，荣获全 国优秀科技工作者、江苏省有突出贡献中青年专家、首届江苏服务业专业人才 特别贡献奖、创新人才推进计划"科技创新创业人才"、江苏省"六大人才高 峰"高层次人才等荣誉称号。历任江苏省环境经济技术国际合作中心（原江苏 省环境保护利用世界银行贷款项目办公室）工程技术部主任、中心副主任；江 苏省环境科学研究院副院长、院长。现任公司独立董事、江苏环保产业技术研 究院股份公司董事长兼总经理。 2025 年本人任职期间，未在公司担任除独立董事以外的任何职务，也未在 公司主要股东公司担任任何职务，与公司以及主要股东之间不存在利害关系或 其他可能妨碍本人进行独立客观判断的关系，不存在影响独立董事独立性的情 况，任职符合《上市公司独立董事管理办法》等法律、法规中关于独立董事独 立性的相关要求。 二、参加董事会、股东会及独立董事专门会情况 中电环保股份有限公司 独立董事 2025 年度述职报告 （独立董事 吴海锁） 2025年任期内，本人本着勤勉尽职的态度，认真参加了公司的董事 ...

中电环保股份有限公司 董事薪酬管理制度 第一章 总则 第一条 为推进中电环保股份有限公司(以下简称"公司")建立与现代企业制 度相适应的激励约束机制，有效地调动董事的积极性、主动性和创造性，提高企业 经营管理水平，促进企业效益的增长，根据《公司法》、《上市公司治理准则》、 《创业板上市规则》、《深圳证券交易所上市公司自律监管指引第2号——创业板 上市公司规范运作》以及《公司章程》等的有关规定，结合公司实际情况，制定本 制度。 第二条 本制度适用于公司全体董事。 第三条 公司董事的薪酬以公司规模与绩效为基础，根据公司经营目标，董事 的岗位职责、个人绩效目标等，进行综合考核确定。 第四条 公司董事的薪酬确定遵循以下原则： (一)坚持责、权、利对等的原则； (二)实行收入水平与公司效益及工作目标紧密结合的原则，同时与市场价值规 律相符； (三)薪酬与公司中长远利益相符合的原则； (四)薪酬标准公开、公正、透明的原则。 第二章 薪酬管理机构 第五条 董事会负责拟定董事薪酬管理制度，报股东会批准；薪酬与考核委员 会制定具体薪酬考核方案或计划，董事的薪酬考核方案或计划由股东会审议批准。 第六条 董事会薪酬与考核委员会制定 ...

中电环保股份有限公司 2025 年年度报告全文 中电环保股份有限公司 2025 年年度报告 2026 年 03 月 1 中电环保股份有限公司 2025 年年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人王政福、主管会计工作负责人张维及会计机构负责人(会计主 管人员)靳辉声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第三节"管理层讨论与分析——公司未来发展的展望"部分， 详细描述了公司经营中可能存在的风险与应对措施，敬请投资者关注相关内 容。 公司需遵守《深圳证券交易所上市公司自律监管指引第 4 号——创业板 行业信息披露》中的"节能环保服务业务"的披露要求。 公司经本次董事会审议通过的利润分配预案为：以 676,710,000 股为基数， 向全体股东每 10 股派发现金红利 1.00 元（含税），送红股 0 股（含税），以 资本公积金向全体股东每 10 股转增 0 股。 2 | 第一节 | 重要提示、目录 ...

Core Viewpoint - The recent escalation of conflict in the Middle East is seen as a potential "super black swan" event that could disrupt global financial markets, with sectors such as oil and gas, gold, military, shipping, nuclear pollution prevention, and coal expected to benefit from the situation [1][6]. Beneficial Sectors - Oil and Gas Exploration: The conflict has directly driven up oil prices, enhancing profits for upstream companies. High oil prices are expected to stimulate increased capital expenditure in oil and gas firms, benefiting oil service equipment [2][6]. - Gold: The military conflict is likely to heighten market risk aversion, which in turn is expected to push up gold prices [2][7]. - Defense and Military: The escalation of geopolitical tensions is anticipated to increase demand for military supplies, including missiles, drones, and air defense systems [2][8]. - Shipping: The conflict may impact oil transportation routes, such as the Strait of Hormuz, leading to increased shipping rates [2][9]. - Nuclear Pollution Prevention: The conflict's focus on nuclear issues is expected to drive demand for nuclear pollution monitoring and protective equipment [3][9]. - Coal: In the context of rising international oil prices and supply constraints, coal's value as an energy substitute is expected to increase significantly [3][10]. Institutional Insights - The impact of the Middle East conflict on equity assets is primarily seen in terms of risk preference and structural changes, with limited substantive effects on the fundamentals of the A-share market. As geopolitical shocks subside and domestic policy discussions intensify, risk preferences are expected to recover [4][11]. - In a scenario of a quick resolution, risk preferences may initially decline but then recover, with assets like gold, shipping, and military experiencing volatility. Conversely, if the conflict drags on, risk preferences may remain low, leading to sustained volatility in these assets [4][11]. - The military actions taken by the U.S. and Israel against Iran will significantly influence global markets and asset prices, depending on the objectives and duration of these actions [4][11]. Investor Recommendations - Investors are advised to maintain a rational approach and focus on structural opportunities, prioritizing sectors that directly benefit from the conflict, such as oil and gas, gold, and military [12]. - It is recommended to avoid sectors under pressure, such as aviation and oil refining, which may suffer from reduced profit margins due to rising oil prices [12]. - Long-term strategies should focus on domestic economic recovery and industry upgrades, using short-term volatility to invest in high-certainty core assets while balancing risk and return [12].

Core Viewpoint - The report highlights a decline in the production of air pollution control equipment in China, indicating potential challenges for the industry in the coming years [1]. Industry Summary - According to the National Bureau of Statistics, the production of air pollution control equipment in China is projected to be 33,000 units by December 2025, reflecting a year-on-year decrease of 3.4% [1]. - The cumulative production of air pollution control equipment for the entire year of 2025 is expected to reach 326,000 units, which represents a significant decline of 13.9% compared to the previous year [1]. Company Summary - Listed companies in the air pollution control sector include Longjing Environmental Protection (600388), Qingxin Environment (002573), Fida Environmental Protection (600526), Xuelang Environment (300385), China Electric Environmental Protection (300172), and Yongqing Environmental Protection (300187) [1].

Group 1 - The stock price of China Electric Environmental Protection (300172) experienced fluctuations from February 6 to February 13, 2026, closing at 5.76 yuan on February 12, with a daily decline of 1.71% and a net outflow of 9.2174 million yuan, accounting for 8.24% of the total trading volume [1] - During the observed period, the stock price decreased from 5.81 yuan on February 6 to 5.77 yuan on February 13, resulting in a cumulative decline of 0.69% and a trading range of 3.10% [1] Group 2 - On February 13, 2026, the stock price of China Electric Environmental Protection slightly increased by 0.17% to 5.77 yuan, with a turnover rate of 1.46% and a daily fluctuation of 1.22% [2] - Technically, the stock price has been oscillating between the resistance level of 5.94 yuan and the support level of 5.72 yuan, with the MACD indicator suggesting weak short-term momentum [2]

Core Viewpoint - The report highlights a decline in the production of air pollution control equipment in China, indicating potential challenges for the industry in the coming years [1]. Industry Summary - According to the National Bureau of Statistics, the production of air pollution control equipment in China is projected to be 30,000 units in November 2025, representing a year-on-year decrease of 4.9% [1]. - Cumulatively, from January to November 2025, the total production of air pollution control equipment reached 294,000 units, marking a significant decline of 14.9% compared to the previous year [1]. Company Summary - Listed companies in the air pollution control sector include Longjing Environmental Protection (600388), Qingxin Environment (002573), Fida Environmental Protection (600526), Xuelang Environment (300385), China Electric Environmental Protection (300172), and Yongqing Environmental Protection (300187) [1]. - The report by Zhiyan Consulting provides insights into the market supply and demand dynamics of the air pollution control equipment industry in China from 2026 to 2032, highlighting investment potential [1].

Core Viewpoint - The forum highlighted the importance of sustainable development and the integration of green finance, technology, and industry, emphasizing that green development is now a critical dimension of global competition [1][21]. Group 1: Company Insights - China Electric Environmental Protection (CEEP) focuses on large-scale industrial water treatment and municipal water environment governance, emphasizing the importance of water conservation and environmental technology innovation [5][6]. - Four Dimensions Media has integrated green and sustainable development into its operations, achieving over 70% of its business in the European and American markets, and is preparing for the EU's upcoming "Zero Deforestation Regulation" [8]. - Easy Money Fund emphasizes active equity investment based on industry chain research, aiming to inject financial capital directly into industries to enhance the marginal value of the real economy [10][11]. - Easy Car Group, as an AI-driven automotive financial service provider, has increased its new energy vehicle financing from 27% in 2023 to 58%, focusing on inclusive and green finance [13][14]. - Hope Co., Ltd. has transitioned from traditional building design to green zero-carbon services, focusing on community, factory, and park scenarios, and aims to provide comprehensive zero-carbon solutions [16]. - Aishuo Co., Ltd. has achieved a battery production efficiency of over 27.3% and is the first company to scale produce silver-free photovoltaic products, addressing raw material price volatility [19][20]. Group 2: Industry Trends - The integration of finance, technology, and the real economy is crucial for achieving sustainable development, requiring long-term commitment and systematic innovation breakthroughs [21]. - The forum featured discussions on the role of financial institutions in providing foundational financing services for green industries and optimizing costs for green technologies [11].

Core Viewpoint - The report highlights a significant decline in the production of air pollution control equipment in China, indicating potential challenges for companies in this sector [1]. Industry Summary - According to the National Bureau of Statistics, the production of air pollution control equipment in China is projected to be 29,000 units in October 2025, representing a year-on-year decrease of 11.8% [1]. - From January to October 2025, the cumulative production of air pollution control equipment in China is expected to reach 266,000 units, reflecting a cumulative decline of 17.6% [1]. - The data suggests a downward trend in the market for air pollution control equipment, which may impact investment opportunities and strategies within the industry [1]. Company Summary - Listed companies in the air pollution control sector include Longjing Environmental Protection (600388), Qingxin Environment (002573), Fida Environmental Protection (600526), Xuelang Environment (300385), China Electric Environmental Protection (300172), and Yongqing Environmental Protection (300187) [1]. - These companies may face challenges due to the declining production figures, which could affect their market performance and growth prospects [1].

Group 1 - The company, China Electric Environmental Protection, has secured projects in the European market, including the Bosnian Stanari power plant for condensate water treatment, boiler make-up water, and industrial wastewater systems [1] - Additionally, the company is involved in the steam sampling project at the Turkish Atlas Iskenderun thermal power plant [1]