Core Viewpoint - The company, Xingyuan Environment (300266.SZ), expects a loss of 210 million to 240 million yuan for 2025, with a non-recurring loss projected between 340 million to 370 million yuan [1] Financial Performance Summary - The company reported a reduction in losses compared to the same period last year due to several factors: 1. Significant income from real estate demolition [1] 2. Debt restructuring gains achieved through debt settlement [1] 3. Decrease in average borrowing rates leading to reduced financial expenses compared to the previous year [1] - The main reasons for the company's losses during the reporting period include: 1. High balance of interest-bearing liabilities resulting in elevated annual financial expenses [1] 2. Underperformance in the collection of certain receivables, leading to substantial expected credit loss provisions [1]

南财智讯1月28日电，兴源环境发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为亏 损21000.00万元—24000.00万元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为 亏损34000.00万元—37000.00万元。报告期内，公司经营业绩较上年同期减亏的主要原因说明如下：1、 公司取得一项较大金额的不动产拆迁收益。2、公司通过债务和解的方式取得多项债务重组收益。3、公 司平均借款利率下降，财务费用较上年同期有所减少。报告期内，公司业绩亏损的主要原因说明如下： 1、因公司存量有息负债余额较高，年度财务费用较高。2、个别应收类资产收款不及预期，计提了较大 金额的预期信用损失。 ...

2025 年 1 月 1 日至 2025 年 12 月 31 日。 证券代码：300266 证券简称：兴源环境 公告编号：2026-005 兴源环境科技股份有限公司 2025年度业绩预告 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。 一、本期业绩预计情况 （一）业绩预告期间 报告期内，公司业绩亏损的主要原因说明如下： （二）业绩预告情况 预计净利润为负值： | 项 目 | 本报告期 | | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司股东的净利 | 亏损：21,000.00 万元 | 万元–24,000.00 | 亏损：30,226.20 万 | | 润 | | | 元 | | | 比上年同期下降：20.60% | - 30.52% | | | 扣除非经常性损益后的净利 | 亏损：34,000.00 万元 | 万元–37,000.00 | 亏损：37,484.17 万 | | 润 | | | 元 | | | 比上年同期下降：1.29% | - 9.30% | | | 项 目 | 本会计年度末 | | 上年末 | | 归 ...

Group 1 - The core viewpoint of the article is that Xingyuan Environment is actively addressing accounts receivable from PPP projects by establishing a special task force and utilizing national debt reduction policies to accelerate cash collection through various channels such as negotiation, collection, and litigation [1] - The company is also focusing on enhancing project risk control and cash flow management to ensure financial stability [1] - Specific performance details will be disclosed in the regular financial reports [1]

Core Viewpoint - The company is focusing on business optimization and technological upgrades while expanding into strategic emerging industries such as energy storage, digital energy, and carbon asset development to cultivate new growth points for performance [2] Group 1 - The company has been continuously promoting business optimization and technological upgrades in recent years [2] - The company is solidifying its foundation in equipment manufacturing and advancing environmental engineering projects [2] - The company is exploring new strategic emerging industries to foster new performance growth points [2] Group 2 - The company is considering its name change carefully, taking into account strategic positioning, operational performance, and brand continuity [2]

证券日报网讯1月23日，兴源环境（300266）在互动平台回答投资者提问时表示，截至2026年1月20日， 公司的股东总户数约为3.1万户。 ...

证券日报网讯1月23日，兴源环境（300266）在互动平台回答投资者提问时表示，截至2025年12月19 日，公司的股东总户数约为3.5万户。 ...

Core Viewpoint - The company, Xingyuan Environment, has initiated a lawsuit against Tianjin Beichen Water Investment Co., Ltd. for a total amount of approximately 34.09 million yuan, with the case currently in the first instance stage and not yet heard [1][4]. Group 1: Lawsuit Details - Zhejiang Xingyi, a wholly-owned subsidiary of Xingyuan Environment, is the plaintiff seeking payment of overdue project funds amounting to 23.23 million yuan and accrued overdue interest of 10.86 million yuan, along with litigation and preservation costs [4]. - The lawsuit is based on the completion of several projects, including the Beichen District Wild Park landscape enhancement phase one, which have been accepted but for which the defendant has not paid the full amount [4]. - In addition to the major lawsuit, Xingyuan Environment disclosed two smaller lawsuits: one labor dispute arbitration case involving 250,300 yuan and one sales contract dispute case involving 240,740 yuan [4]. Group 2: Financial and Operational Challenges - Xingyuan Environment has faced multiple lawsuits primarily related to construction contract disputes, with the total amount involved exceeding 100 million yuan [4]. - The company has reported continuous losses from 2020 to 2024, with net profits attributable to the parent company being -529 million yuan, -36.03 million yuan, -552 million yuan, -990 million yuan, and -302 million yuan respectively [6]. - As of September 30, 2025, the company's equity attributable to shareholders was only 33.98 million yuan, with a high debt-to-asset ratio of 92.86%, indicating weak solvency [6]. - For the first three quarters of 2025, the company continued to incur losses, reporting a net profit of -56.89 million yuan, with a significant portion of the loss being offset by non-recurring gains from asset disposals and debt restructuring [7]. - The operating cash flow for the reporting period was -39.56 million yuan, a decline of 158.69% year-on-year, reflecting deteriorating sales collection capabilities [7].

关于子公司涉及重大诉讼的公告 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。 证券代码：300266 证券简称：兴源环境 公告编号：2026-004 兴源环境科技股份有限公司 4、是否会对上市公司损益产生负面影响：上述案件尚未开庭审理，公司目 前无法评估本次诉讼对公司财务状况、本期利润或期后利润的影响。 一、重大诉讼案件基本情况 浙江兴艺生态环境工程有限公司就建设工程施工合同纠纷向天津市北辰区 人民法院起诉天津北辰水务投资有限责任公司，截至本公告披露日，本次诉讼尚 未开庭审理。 （一）诉讼当事人 原告：浙江兴艺生态环境工程有限公司 被告：天津北辰水务投资有限责任公司 （二）诉讼请求 重要内容提示： 1、案件所处的诉讼阶段：一审。 2、上市公司子公司所处的当事人地位：浙江兴艺生态环境工程有限公司为 原告。 3、案件涉案金额：3,409 万元。 原告承接的北辰区郊野公园景观提升一期工程、因电力切改区域征迁而单独 结算的电力破除区域工程、新增的大北环辅路工程，均已竣工验收合格，但被告 并未支付全部工程款，原告遂提起诉讼，要求被告承担付款责任。 二、其他尚未披露的诉讼 ...

Core Viewpoint - Xingyuan Environment (300266) announced that the company and its subsidiaries do not have any overdue guarantees or violations regarding guarantees [1] Group 1 - The company confirmed the absence of overdue guarantees [1] - There are no violations related to guarantees by the company or its subsidiaries [1]