| 债券代码：123049 | 债券简称：维尔转债 | | | --- | --- | --- | | 证券代码：300190 | 证券简称：维尔利 | 公告编号：2025-086 | 维尔利环保科技集团股份有限公司 关于新增"维尔转债"转股来源的公告 本公司董事会及董事保证本公告内容不存在虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性负个别及连带责任。 特别提示： 1、维尔利环保科技集团股份有限公司（以下简称"公司"）拟新增"维尔转债" 的转股来源为"优先使用回购库存股，不足部分使用新增股份"。 2、当前转股价格：3.55 元/股。 3、回购股份作为转股来源生效日期：2025 年 10 月 31 日。 一、维尔转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准维尔利环保科技集团股份有限公司公 开发行可转换公司债券的批复》（证监许可（2020）21 号）核准，维尔利环保 科技集团股份有限公司（以下简称"公司"）于 2020 年 4 月 13 日向不特定对象发 行了 9,172,387 张可转换公司债券，每张面值 100 元，发行总额 91,723.87 万元。 根据 ...

证券代码：300190 证券简称：维尔利 公告编号：2025-087 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 关于控股股东部分股份质押及解除质押的公告 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"）于近日接到控股股 东常州德泽实业投资有限公司（以下简称"常州德泽"）的通知，常州德泽将其 所持有的公司部分股份办理了质押及解除质押业务，现将有关情况公告如下： 一、股份质押及解除质押的基本情况 | | | | | | | | 已质押股份情况 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 持股数量 | 持股比 | 本次质押前 | 本次质押后 | 占其所 | 占公司 | 已质押股 | 占已质 | 未质押股 | 占未质 | | 股东名称 | （股） | 例 | 质押股份数 | 质押股份数 | 持股份 | 总股本 | 份限售和 | 押股份 | 份限售和 | 押 ...

| 证券代码：300190 | 证券简称：维尔利 | 公告编号：2025-084 | | --- | --- | --- | | 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 第六届董事会第四次会议决议公告 特此公告。 维尔利环保科技集团股份有限公司 2024 年 2 月 5 日，公司第五届董事会第十九次会议审议通过了《关于回购 公司股份方案的议案》，公司拟使用自有资金以集中竞价交易方式回购公司股份， 用于实施员工持股计划或股权激励计划。公司于 2025 年 2 月实施完成股份回购 计划。 截止目前，公司回购专用证券账户共持有股份 31,413,715 股。现基于公司实 际情况，综合考虑公司可转债转股进展，公司拟对上述已回购公司股份用途进行 变更，将用途由"用于实施员工持股计划或股权激励计划"变更为"用于公司发 行的可转换公司债券转股。" 1 上述回购股份用途变更后，公司两次回购股份方案中已回购的 31,413,715 股股份将用于公司发行的可转换公司债券转股，公司董事会授权公司管理层负责 后续相关事宜。具体内容详见公司同日于巨潮资讯网刊登的《维尔利环保科技集 团股份 ...

公司于 2024 年 2 月 5 日召开第五届董事会第十九次会议、第五届监事会第 十次会议，审议通过了《关于回购公司股份方案的议案》，公司拟使用自有资金 以集中竞价交易方式回购公司股份，用于实施员工持股计划或股权激励计划。本 次回购金额不低于人民币 3,000 万元 且不超过人民币 6,000 万元，回购股份价格 1 维尔利环保科技集团股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开第六届董事会第四次会议，审议通过了《关于变更回购公司股份用途的议 案》，公司董事会同意将公司回购专用证券账户中的 31,413,715 股用于公司可转 换公司债券转股。根据《上市公司股份回购规则》、《深圳证券交易所上市公司 自律监管指引第 9 号——回购股份》及《公司章程》等相关规定，本次变更回 购公司股份用途事项在公司董事会审批权限范围内，无需提交公司股东会审议。 现将相关事项公告如下： 一、回购股份的基本情况 公司于 2022 年 10 月 13 日召开第五届董事会、监事会第三次会议，审议通 过了《关于回购公司股份方案的议案》，公司拟使用自有资金以集中竞价交易方 式回购公司股份，用于实施员工持股计划或股 ...

Investment Rating - The report indicates a positive investment outlook for the shipping decarbonization sector, emphasizing the importance of biofuels, RNG, and green methanol as key areas for investment opportunities [3]. Core Insights - The shipping industry is entering a critical phase of decarbonization, driven by frequent policies from the IMO and the EU. The global shipping fuel consumption is approximately 300 million tons, corresponding to carbon emissions exceeding 1 billion tons, with the EU accounting for about 18% of this [3][8]. - The demand for low-carbon fuels is expected to outstrip supply in the short term, with significant compliance costs driving the need for zero or near-zero emissions fuels (ZNZ) [3][36]. - Biofuels are identified as a core measure for existing vessels, with a notable increase in biofuel bunkering at ports like Singapore [3][36]. - The report highlights the potential for biogas, particularly RNG, to significantly reduce emissions and improve energy security, with ambitious production targets set for 2030 in both China and the EU [3][36]. - Green methanol is projected to see rapid growth in demand, with a current estimate of 406 methanol vessels corresponding to a demand exceeding 800,000 tons [3][36]. Summary by Sections 1. Decarbonization Policies - The report outlines the increasing frequency of decarbonization policies from the IMO and the EU, marking a significant acceleration in the implementation of these measures [3][11][18]. 2. Low-Carbon Fuel Demand - There is a broad demand space for low-carbon fuels, with a short-term supply shortage anticipated. The report notes that the compliance costs associated with EU regulations are higher than those of the IMO, which will further stimulate demand for low-carbon fuels [3][36]. 3. Biofuels - Biofuels are highlighted as a critical decarbonization measure for existing vessels, with a significant increase in biofuel bunkering observed at ports like Singapore. The global production of biodiesel is approximately 52 million tons, with expectations for increased usage in shipping as electric vehicles proliferate [3][36]. 4. Biogas - The report emphasizes the growing demand for LNG vessels and the potential for RNG to drive significant growth in the sector, supported by a green premium that could lead to an industry explosion [3][36]. 5. Green Methanol - The report notes a rapid increase in methanol vessels, with a projected demand of over 800,000 tons. However, the global production capacity for green methanol is expected to be only 1.24 million tons by the end of 2025, indicating a supply-demand imbalance [3][36]. 6. Investment Recommendations - The report suggests focusing on companies involved in biofuels, RNG, and green methanol production, including notable firms such as卓越新能, 山高环能, 维尔利, and 中国天楹, among others [3][36].

Core Viewpoint - On October 23, 2025, Weili (300190.SZ) released its Q3 2025 report, indicating a significant presence of institutional investors holding 43.14% of the total shares, although this represents a decline from the previous quarter [1] Institutional Holdings - As of October 22, 2025, five institutional investors disclosed their holdings in Weili A-shares, totaling 350 million shares [1] - The institutional investors include Changzhou Dezhe Industrial Investment Co., Ltd., Changzhou Hejia Capital Management Co., Ltd., China Great Wall Asset Management Co., Ltd., Changzhou Industrial Investment Group Co., Ltd., and Manulife Financial - Minsheng Bank - Manulife Value Growth Targeted Asset Management Plan No. 460 [1] - The total institutional holding percentage decreased by 2.07 percentage points compared to the previous quarter [1] Public Fund Holdings - In this period, 25 public funds were not disclosed compared to the previous quarter, including Dachen Jingheng Mixed A, Jianxin Flexible Allocation Mixed A, Guojin Quantitative Multi-Factor A, Guojin Quantitative Selected A, and Shenwan Hongyuan Growth Board Quantitative Selected A [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Weirli in the third quarter of 2025, showcasing significant growth in both revenue and net profit [1] Group 2 - In the third quarter of 2025, the company achieved a revenue of 482,747,834.11 yuan, representing a year-on-year increase of 6.70% [1] - The net profit attributable to shareholders of the listed company was 44,879,103.42 yuan, reflecting a substantial year-on-year growth of 255.54% [1]

Core Viewpoint - On October 22, 2023, Weili (300190) announced that as of the date of the announcement, the company and its controlling subsidiaries have no violations regarding guarantees and no overdue guarantees [1] Group 1 - The company confirmed the absence of any violations related to guarantees [1] - There are no overdue guarantees reported by the company or its subsidiaries [1]

Group 1 - The core viewpoint of the article is that Weili (300190.SZ) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Group 2 - The company's operating revenue for the first three quarters was 1.278 billion yuan, representing a year-on-year decrease of 12.29% [1] - The net profit attributable to shareholders of the listed company was 8.0399 million yuan, down 39.80% year-on-year [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 924,700 yuan [1] - The basic earnings per share were 0.01 yuan [1]

Group 1 - The company, Weili, announced that as of the announcement date, the total approved guarantees by the company and its subsidiaries amounted to approximately 904 million yuan, which represents 32.61% of the company's audited net assets for the end of 2024 [1] - Among the total approved guarantees, the amount for associated companies is approximately 153 million yuan, accounting for 5.52% of the company's audited net assets for the end of 2024 [1] - The actual guarantees provided by the company and its subsidiaries currently total approximately 595 million yuan, which is 21.47% of the company's audited net assets for the end of 2024, all of which are guarantees for subsidiaries [1] Group 2 - The actual guarantee amount for associated companies is approximately 122 million yuan, representing 4.41% of the company's audited net assets for the end of 2024 [1] - For the fiscal year 2024, the revenue composition of Weili is as follows: Environmental industry solutions account for 92.92%, while bioenergy accounts for 7.08% [1] - The current market capitalization of Weili is 3.7 billion yuan [2]