Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises in the water production and supply industry in China, with a total of 4,146 companies reported as of January to July 2025, marking an increase of 241 companies compared to the same period last year, representing a year-on-year growth of 6.17% [1] - The report indicates that the water production and supply industry accounts for 0.8% of the total industrial enterprises in China [1] - The data referenced in the article is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, a leading industry consulting firm in China [2] Group 2 - The article mentions several listed companies in the water production and supply sector, including Ba'an Water (300262), Energy Conservation Guozhen (300388), Boschke (300422), and others [1] - The report titled "2025-2031 China Water Production and Supply Industry Market Development Scale and Investment Opportunity Analysis Report" was published by Zhiyan Consulting [1] - The threshold for scale industrial enterprises has been raised from an annual main business income of 5 million to 20 million yuan since 2011 [1]

证券代码：300388 证券简称：节能国祯 公告编号：2025-043 特此公告。 中节能国祯环保科技股份有限公司董事会 中节能国祯环保科技股份有限公司 关于持股5%以上股东减持股份触及1%整数倍的公告 持股 5%以上股东长江生态环保集团有限公司及其一致行动人三峡资本控 股有限责任公司保证向公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 中节能国祯环保科技股份有限公司（以下简称"公司"或"节能国祯"）于 近日收到持股 5%以上股东长江生态环保集团有限公司（以下简称"长江环保集 团"）及其一致行动人三峡资本控股有限责任公司（以下简称"三峡资本"） 出具的《关于减持中节能国祯环保科技股份有限公司股份触及 1%整数倍的告 知函》，2025 年 9 月 8 日，三峡资本通过证券交易所集中竞价的方式减持公司 股份合计 4,755,900 股，占公司总股本的 0.70%。根据《证券法》《上市公司收 购管理办法》等有关规定，现将股东减持情况公告如下： 1.基本情况 信息披露义务人 1 三峡资本控股有限责任公司（简称"三峡资本" ...

Market Overview - On September 4, the environmental governance sector rose by 0.42% compared to the previous trading day, with Haixia Environmental leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Haixia Environmental (603817) closed at 6.66, up 10.08% with a trading volume of 396,900 shares and a transaction value of 260 million yuan [1] - Wenbululu (301259) closed at 47.20, up 9.87% with a trading volume of 215,100 shares and a transaction value of 1.03 billion yuan [1] - Other notable performers include: - Energy Guozhen (300388) at 7.99, up 7.68% [1] - Yifu Holdings (002266) at 4.02, up 5.79% [1] - Qiaoyin Co. (002973) at 14.21, up 5.26% [1] Fund Flow Analysis - The environmental governance sector experienced a net outflow of 329 million yuan from institutional investors and 173 million yuan from speculative funds, while retail investors saw a net inflow of 502 million yuan [2] - Key fund flows for selected stocks include: - Zhejiang Fuhua Holdings (002266) with a net inflow of 87.14 million yuan from institutional investors [2] - Haixia Environmental (603817) with a net inflow of 81.42 million yuan from institutional investors [2] - Qiaoyin Co. (002973) with a net inflow of 24.21 million yuan from institutional investors [2]

Group 1: Financial Performance - The company achieved a revenue of 1.637 billion CNY in the first half of 2025, representing a decline of 14.08% compared to the previous period, primarily due to a decrease in engineering business revenue [2] - The company reported a net profit of 2.62 million CNY from its subsidiary BIOVAC in Norway during the reporting period [3] - The company’s operating income from water services reached 1.189 billion CNY in the first half of 2025 [8] Group 2: Business Development - In the first half of 2025, the company secured new environmental engineering orders worth 275 million CNY and a new integrated drainage investment project in Feidong valued at 600 million CNY [4] - The company has established a presence in overseas markets, including partnerships for wastewater treatment projects in Ethiopia and operations through its wholly-owned subsidiary BIOVAC in Norway [3] Group 3: Financial Health - As of June 30, 2025, the company's asset-liability ratio stood at 71.28%, which is influenced by different business models and financial strategies within the industry [5] - The company reported a slight improvement in operating cash flow and a minor decrease in the asset-liability ratio compared to the previous year [6]

Core Insights - The company, Energy Guozhen, reported a decline in total revenue and net profit for the first half of 2025 compared to the same period in 2024, with total revenue at 1.637 billion yuan, down 14.08%, and net profit at 181 million yuan, down 6.16% [1] - Despite the decline in revenue and profit, the company's profitability improved, with gross margin increasing by 9.76% to 32.73% and net margin increasing by 13.83% to 12.1% [1] - The company faced challenges in cash flow and debt management, with significant increases in accounts receivable and interest-bearing liabilities [3][6] Financial Performance - Total revenue for the first half of 2025 was 1.637 billion yuan, a decrease of 14.08% from 1.906 billion yuan in 2024 [1] - Net profit for the same period was 181 million yuan, down 6.16% from 193 million yuan in 2024 [1] - The company's gross margin improved to 32.73%, up 9.76%, while net margin rose to 12.1%, an increase of 13.83% [1] - Operating cash flow showed a significant increase of 24.93%, indicating reduced payments to suppliers [4] Cash Flow and Debt Management - The company experienced a 4.77% increase in accounts receivable, attributed to delayed payments from local government projects [3] - Short-term borrowings increased by 17.28% due to the need for additional working capital [3] - Long-term borrowings rose by 8.81% to meet project financing needs [3] - The net increase in cash and cash equivalents decreased by 29.2%, reflecting higher investment expenditures [4] Business Model and Investment Returns - The company's return on invested capital (ROIC) was reported at 4.78%, indicating weak capital returns [5] - The historical median ROIC over the past decade was 6.38%, suggesting a generally weak investment return profile [5] - The company's performance is heavily reliant on capital expenditures, necessitating careful evaluation of the profitability of these investments [5]

Group 1 - The core point of the article is that Energy Conservation Guozhen (300388.SZ) reported a decline in both revenue and net profit for the first half of 2025 [1] Group 2 - The company achieved operating revenue of 1.637 billion yuan, a year-on-year decrease of 14.08% [1] - The net profit attributable to shareholders of the listed company was 181 million yuan, down 6.16% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 178 million yuan, reflecting a year-on-year decline of 19.70% [1] - The basic earnings per share were 0.2658 yuan [1]

中节能国祯环保科技股份有限公司 2025年半年度对中节能财务有限公司的风险评估报告 根据深圳证券交易所《上市公司自律监管指引第 7 号——交易与关联交易》 的要求，中节能国祯环保科技股份有限公司（以下简称"公司"或者"节能国祯"） 查验了中节能财务有限公司（以下简称"财务公司"）的《金融许可证》《企业法 人营业执照》等，取得并审阅了财务公司包括资产负债表、损益表、现金流量表 等在内的定期财务报告，对财务公司的经营资质、业务与风险状况进行了评估， 具体情况报告如下： 一、财务公司基本情况 中节能财务有限公司是经原中国银行业监督管理委员会批准，在北京市工商 行政管理局登记注册，具有企业法人地位的非银行金融机构。财务公司于 2014 年 7 月正式成立，现有注册资金 30 亿元人民币,公司的控股股东中国节能环保集 团有限公司是其唯一的股东。财务公司的基本情况如下： 法定代表人：韩巍 注册地址：北京市大兴区宏业东路 1 号院 6 号楼第 6 层 101 公司的经营范围包括： （5）提供成员单位委托贷款、债券承销、非融资性保函、财务顾问、信用 鉴证及咨询代理业务； （6）从事同业拆借； （1）吸收成员单位存款； （2） ...

1.召开时间：2025 年 8 月 29 日 15:00-16:00 证券代码：300388 证券简称：节能国祯 公告编号：2025-042 中节能国祯环保科技股份有限公司 关于召开 2025 年半年度业绩说明会并征集问题的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 中节能国祯环保科技股份有限公司（以下简称"公司"）拟于 2025 年 8 月 29 日召开 2025 年半年度业绩说明会，业绩说明会将采用网络远程方式举行，欢 迎广大投资者积极参与。 一、业绩说明会的安排 如有不明事宜，敬请联系公司，联系电话：0551-65324976 特此公告。 中节能国祯环保科技股份有限公司董事会 2.召开方式：网络远程方式 3.出席人员：董事长彭云清先生，总经理程群先生，总会计师、董事会秘书 罗锦辉先生，独立董事黄胜忠先生。 4.召开地点：价值在线（www.ir-online.cn） 5.接入方式：投资者可于 2025 年 8 月 29 日 15:00 -16:00 通过网址 https://eseb.cn/1qUNklA7zmU 或使用微信扫描下方小程序码即可进 ...

证券代码：300388 证券简称：节能国祯 公告编号：2025-039 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2025年8月25日，中节能国祯环保科技股份有限公司（以下简称"公司"） 第八届董事会第三次会议审议通过了《关于2025年半年度计提资产减值准备的议 案》，现将具体内容公告如下： 一、本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 中节能国祯环保科技股份有限公司 关于2025年半年度计提资产减值准备的公告 根据《企业会计准则》及其应用指南以及公司会计政策等相关规定的要求， 基于谨慎性原则，为了更加真实、准确的反映公司的资产与财务状况，公司对截 止2025年6月末的应收款项、合同资产等可能发生减值的资产计提资产减值准备。 （二）本次计提资产减值准备的范围和总金额 公司本期对可能发生资产减值的资产计提减值准备，共计47,360,963.78元， 其中计提信用减值损失47,433,154.96元，计提资产减值损失-72,191.18元。 二、本次计提资产减值准备的确认标准及计提方式 本公司以预期信用损失为基础，对以摊余成本计量的金融 ...

证券代码：300388 证券简称：节能国祯 公告编号：2025-040 中节能国祯环保科技股份有限公司 关于拟为公司及董事、监事、高级管理人员购买责任险的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中节能国祯环保科技股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开第八届董事会第三次会议和第八届监事会第二次会议审议了《关于拟为公 司及董事、监事、高级管理人员购买责任险的议案》。 为进一步完善公司风险管理体系，促进公司董事、监事及高级管理人员充分 行使权利和履行职责，降低公司运营风险，保障公司和投资者的权益，根据《公 司法》《上市公司治理准则》等法律法规，公司拟为公司及全体董事、监事和高 级管理人员购买责任保险（以下简称"董监高责任险"）。 一、保险方案 1.投保人：中节能国祯环保科技股份有限公司； 2.被保险人：公司及全体董事、监事和高级管理人员； 4.保险费总额：不超过 40 万元/年（具体以与保险公司协商确定的保险合同 为准，后续如续保可根据市场价格等因素协商调整）； 5.保险期限：12 个月。 二、授权事项 为提高决策效率， ...