Group 1 - The core viewpoint of the news is that Weili's financial performance in the 2025 mid-year report shows significant declines in revenue and net profit, indicating challenges in its business model and operations [1][2][3] - The total operating revenue for the first half of 2025 was 795 million yuan, a decrease of 20.84% year-on-year, primarily due to reduced income from environmental engineering projects [1] - The net profit attributable to shareholders was -36.84 million yuan, a decline of 187.28% year-on-year, reflecting a substantial loss compared to the previous year [1] Group 2 - The gross profit margin improved to 23.1%, an increase of 9.74% year-on-year, while the net profit margin fell to -4.56%, a decrease of 208.93% [1] - The company reported a significant increase in accounts receivable, which accounted for 80.37% of the latest annual revenue, indicating potential liquidity issues [1] - The total expenses (selling, administrative, and financial) amounted to 213 million yuan, representing 26.82% of revenue, an increase of 4.38% year-on-year [1] Group 3 - The cash flow from operating activities per share was 0.08 yuan, an increase of 4.05% year-on-year, suggesting slight improvement in cash generation despite overall losses [1] - The company has a weak historical return on invested capital (ROIC), with a median of 3.95% over the past decade, and a particularly poor ROIC of -9.81% in 2024 [2] - The company’s financial health is concerning, with a debt ratio of 35.43% and financial expenses accounting for 63.36% of the average operating cash flow over the past three years [3]

Group 1 - The company, Weili, has recently won a bid for the Shenyang Tiger Chong landfill leachate treatment reconstruction project [1] - The project has a designed treatment capacity of 1,100 tons per day [1] - The winning bid price is set at 158.60 yuan per ton, with an expected total revenue of approximately 610 million yuan (including tax) over a 10-year operational period [1] Group 2 - The project will be executed under the ROT (Reconstruction-Operation-Transfer) model [1]

Core Viewpoint - The company, Weili Environmental Technology Group Co., Ltd., has won a bid for the leachate treatment reconstruction project at the Tiger Chong municipal solid waste landfill, indicating a significant opportunity for growth in the environmental services sector [2]. Group 1 - The company participated in a public tender for the leachate treatment project, which is managed by the Shenyang Urban Management Comprehensive Administrative Law Enforcement Bureau [2]. - The procurement agency for the project is the Shenyang Construction Project Bidding Center Co., Ltd. [2]. - The company has received the bid notification letter, confirming its status as the winning supplier for the project [2].

| 证券代码：300190 | 证券简称：维尔利 | 公告编号：2025-071 | | --- | --- | --- | | 债券代码：123049 | 债券简称：维尔转债 | | 维尔利环保科技集团股份有限公司 日常经营合同中标提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 维尔利环保科技集团股份有限公司（以下简称"公司"）参与了老虎冲生活 垃圾卫生填埋场渗沥液处理改建项目社会资本方采购的公开招标，该项目的采购 人为沈阳市城市管理综合行政执法局，采购代理机构为沈阳建设项目招投标中心 有限公司。近日，公司收到了该项目的中标通知书，根据中标通知书，公司为该 项目的中标供应商。现将相关中标情况提示如下： 一、中标项目的主要内容 公司本次中标的项目为老虎冲生活垃圾卫生填埋场渗沥液处理改建项目社 会资本方采购项目。 根据该项目的招标文件，该项目的招标范围为原有老虎冲垃圾渗沥液处理项 目部分设施拆除，部分设施利旧。该项目处理规模为：在特许经营项目场地上， 改建总设计处理能力为 1100 吨/日的渗沥液处理设施。该项目特许经营期为 10.5 年（其中建设期 ...

维尔利2025半年报 ...

Core Points - The company reported a significant decline in revenue and net profit for the first half of 2025, with revenue at approximately 795 million yuan, down 20.84% year-on-year, and a net loss of about 36.84 million yuan, a decrease of 187.28% compared to the previous year [5][6][7] - The company is undergoing a business transformation towards the energy sector, actively developing projects in biogas and biofuel, which has led to increased operational costs but also a gradual improvement in traditional business margins [6][7] - The company has successfully signed contracts for biogas projects that can generate over 200,000 cubic meters of biogas per day and is expanding its raw material procurement for biofuels [6][7] Financial Performance - The company experienced a net profit loss of approximately 42.72 million yuan after excluding non-recurring gains and losses, which is an 11.14% increase compared to the previous year [5][6] - The company’s operating profit was negative due to increased costs associated with the transition to energy projects, although there was a noted improvement in the second quarter compared to the first [5][6] Business Development - The company is focusing on expanding its urban environment and energy service businesses, leveraging existing customer resources and technical advantages [6][7] - A joint venture was established in Nantong, Jiangsu, to build a waste oil pre-treatment plant, expected to process about 50,000 tons annually, with production slated to begin in the second half of the year [7] - The company has also implemented measures to improve cash flow and manage accounts receivable more effectively [7][8]

（文章来源：证券日报） 证券日报网讯 8月11日晚间，维尔利发布公告称，2025年8月11日，公司召开第六届董事会第二次会 议，审议通过了《关于为公司子公司杭州能源环境工程有限公司提供担保的议案》。公司全资子公司杭 州能源环境工程有限公司因经营需要拟向中国工商银行股份有限公司杭州临平支行申请人民币2，000万 元的综合授信，授信期限为一年。公司拟为上述授信提供担保。本次对外担保属于公司董事会决策权 限，无需提交股东大会审议批准。 ...

Core Viewpoint - The company reported a significant decline in revenue and incurred a net loss for the first half of 2025, indicating financial challenges ahead [1] Financial Performance - The company achieved an operating revenue of 795 million yuan, representing a year-on-year decrease of 20.84% [1] - The net loss attributable to shareholders of the listed company was 36.8392 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 42.7218 million yuan, which reflects an improvement in loss reduction by 11.14% year-on-year [1] - The basic loss per share was 0.05 yuan [1]

（文章来源：每日经济新闻） 维尔利（SZ 300190，收盘价：3.97元）8月11日晚间发布半年度业绩报告称，2025年上半年营业收入约 7.95亿元，同比减少20.84%；归属于上市公司股东的净利润亏损约3684万元；基本每股收益亏损0.05 元。 ...

智通财经APP讯，维尔利(300190.SZ)发布2025年半年度报告，报告期内，公司实现营业收入7.95亿元， 同比下降20.84%。归属于上市公司股东净亏损3683.92万元。归属于上市公司股东的扣除非经常性损益 净亏损4272.18万元，同比减亏11.14%。基本每股亏损0.05元。 ...