证券代码：300388 证券简称：节能国祯 公告编号：2025-057 中节能国祯环保科技股份有限公司 第八届监事会第四次会议决议公告 经全体参会监事认真讨论，审议通过了以下议案： （一）审议通过《关于取消监事会及废止<监事会议事规则>的议案》 根据《中华人民共和国公司法》《关于新公司法配套制度规则实施相关过 渡期安排》《上市公司章程指引（2025 年修订）》等法律法规及规范性文件 的规定，公司将不再设置监事会，《中华人民共和国公司法》中规定的监事会 的职权将由董事会审计委员会行使，《监事会议事规则》相应废止。 表决结果：5 票同意，0 票反对，0 票弃权。 本公司及监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。 一、监事会会议召开情况 中节能国祯环保科技股份有限公司（以下简称"公司"）第八届监事会第四 次会议于 2025 年 11 月 11 日以通讯表决方式召开，本次会议通知于 2025 年 10 月 28 日以电话、邮件以及当面送达的方式向全体监事发出。 本次会议由监事会主席戴斌先生召集，本次会议应参与表决监事 5 人，实际 表决监事 5 人，会议召开符合《中华人 ...

证券代码：300388 证券简称：节能国祯 公告编号：2025-056 一、董事会会议召开情况 中节能国祯环保科技股份有限公司（以下简称"公司"）第八届董事会第五 次会议于 2025 年 11 月 11 日以通讯表决方式召开，本次会议通知于 2025 年 10 月 28 日以电话、邮件以及当面送达的方式向全体董事发出。 本次会议由董事长彭云清先生召集，本次会议应参与表决董事 9 人，实际表 决董事 9 人，会议召开符合《中华人民共和国公司法》《公司章程》的有关规定， 会议决议合法有效。 二、董事会会议审议情况 经全体参会董事认真讨论，审议通过了以下议案： （一）审议通过《关于以集中竞价交易方式回购公司股份方案的议案》 基于对公司未来持续稳定发展的信心和对公司价值的认可，增强公司股票 长期投资价值，切实保护全体股东的利益，提振投资者对公司的投资信心，并 树立公司良好的资本市场形象，董事会同意公司使用自有资金或自筹资金不低 于人民币 5,000 万元（含），不超过人民币 10,000 万元（含），通过集中竞 价交易方式进行股份回购。本次回购的股份将全部予以注销并减少公司注册资 本。本次回购价格不超过 14.00 ...

节能国祯公告，拟以5000万元-1亿元回购公司股份，回购价格不超过14元/股。 ...

Market Overview - The environmental governance sector increased by 0.33% on November 6, with Qing Shui Yuan leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Performers - Qing Shui Yuan (300437) closed at 12.22, up 20.04% with a trading volume of 480,700 shares and a transaction value of 573 million [1] - Fu'an Co. (603315) closed at 15.03, up 5.25% with a trading volume of 478,100 shares and a transaction value of 699 million [1] - Shanghai Xianba (603200) closed at 84.54, up 4.04% with a trading volume of 123,400 shares and a transaction value of 1.061 billion [1] Underperformers - Fu Long Ma (603686) closed at 30.87, down 10.00% with a trading volume of 989,300 shares and a transaction value of 314.6 million [2] - Haixia Environmental (603817) closed at 7.51, down 6.24% with a trading volume of 762,800 shares and a transaction value of 582 million [2] - Feima International (002210) closed at 4.24, down 3.64% with a trading volume of 3,384,100 shares and a transaction value of 1.448 billion [2] Capital Flow - The environmental governance sector experienced a net outflow of 593 million from institutional investors, while retail investors saw a net inflow of 692 million [2][3] - The capital flow data indicates that Qing Shui Yuan had a net inflow of 89.83 million from institutional investors, while it faced a net outflow of 59.83 million from speculative funds [3]

Group 1 - The core viewpoint of the news is the performance and financial metrics of 中节能国祯环保科技股份有限公司, which has seen a stock price increase of 5.38% to 9.41 CNY per share, with a total market capitalization of 6.409 billion CNY [1] - The company, established on February 25, 1997, and listed on August 1, 2014, focuses on wastewater treatment investment and operation, environmental engineering EPC services, and the production and sale of wastewater treatment equipment [1] - The revenue composition of the company includes: 72.64% from water service operations, 24.30% from environmental engineering construction services, 2.60% from environmental equipment sales and services, and 0.45% from other sources [1] Group 2 - From the perspective of fund holdings, 汇添富中证环境治理指数(LOF)A (501030) has a significant position in 中节能国祯, holding 630,300 shares, which accounts for 2.32% of the fund's net value, ranking as the seventh largest holding [2] - The fund has generated a floating profit of approximately 302,500 CNY today [2] - The fund, established on December 29, 2016, has a current scale of 182 million CNY, with a year-to-date return of 22.19%, ranking 2418 out of 4216 in its category [2]

证券代码：300388 证券简称：节能国祯 公告编号：2025-055 中节能国祯环保科技股份有限公司 关于累计诉讼、仲裁情况的公告 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。 根据《深圳证券交易所创业板股票上市规则》等有关规定，中节能国祯环保 科技股份有限公司（以下简称"公司"）及公司控股子公司连续十二个月内诉讼、 仲裁事项涉案金额累计达到《深圳证券交易所创业板股票上市规则》规定的信息 披露标准。现将有关情况公告如下： 截至本公告披露日，公司及公司控股子公司连续十二个月内累计诉讼、仲裁 涉案金额合计57,968.36万元，占公司最近一期经审计净资产的12.95%。案件的 主要情况详见本公告附件《累计诉讼、仲裁案件情况统计表》。 二、其他尚未披露的诉讼、仲裁事项 截至本公告披露日，公司不存在应披露而未披露的其他重大诉讼、仲裁事项。 三、本次公告的诉讼、仲裁事项对公司本期利润或期后利润的可能影响 对于公司涉及的诉讼、仲裁案件，公司将积极应诉，妥善处理，依法保护公 司及广大投资者的合法权益。鉴于部分诉讼、仲裁案件尚在进行过程中，相关诉 讼、仲裁事项对公司本期利 ...

Group 1: Financial Performance - The company reported a revenue of 16.37 billion CNY for H1 2025, with Q3 revenue at 8.8 billion CNY, reflecting a quarter-on-quarter growth of 10.5% [2] - For the first three quarters of 2025, the company achieved a total revenue of 25.17 billion CNY, with a year-on-year decline of 7.79% in revenue and a 1.5% decrease in net profit compared to the same period in 2024 [2][3] - The comprehensive gross profit margin for the first three quarters of 2025 was approximately 30% [3] Group 2: Business Operations and Strategy - The company focuses on three main areas: urban water environment, industrial wastewater, and rural water environment, with a current investment operation project scale of 2.73 billion CNY [1] - The growth in Q3 was primarily driven by the engineering services sector, with new projects having an average contract duration of 1 to 2 years [2] - The company is committed to enhancing its core advantages through "technology + operation" and is exploring innovations in key technologies for municipal sewage treatment and comprehensive solutions for green industrial parks [2] Group 3: Risk Management and Policy Adaptation - The company has established a comprehensive risk assessment and response mechanism to adapt to potential changes in environmental policies, ensuring stable development [1] - It actively monitors national environmental policy changes and adjusts its operational strategies accordingly to mitigate adverse impacts [1] Group 4: Market Expansion - The company is expanding its overseas market presence, collaborating with international partners on projects such as the DBO project for a wastewater treatment plant in Ethiopia [3] - It has established a wholly-owned subsidiary in Norway, BIOVAC, to operate independent business ventures [3]

Core Viewpoint - The company reported a solid performance in Q3 with revenue of 880 million yuan, showing a year-on-year increase of 6.76% but a quarter-on-quarter decrease of 6.07%, and net profit attributable to shareholders of 73.4 million yuan, up 12.27% year-on-year but down 35.15% quarter-on-quarter, exceeding expectations [1] Financial Performance - Q3 revenue reached 880 million yuan, with a year-on-year growth of 6.76% and a quarter-on-quarter decline of 6.07% [1] - Net profit attributable to shareholders for Q3 was 73.4 million yuan, reflecting a year-on-year increase of 12.27% but a quarter-on-quarter decrease of 35.15% [1] - For the first three quarters of 2025, total revenue was 2.517 billion yuan, down 7.79% year-on-year, with net profit of 254 million yuan, a decrease of 1.50% year-on-year [1] - Operating cash flow for the first three quarters increased by 32.27% year-on-year, amounting to 363 million yuan [1] Business Development - The company is advancing its overseas business through partnerships, notably with Zhongdi Overseas Group, and has signed contracts for multiple projects in Ethiopia [2] - In Norway, the wholly-owned subsidiary BIOVAC generated revenue of 46.87 million yuan and a net profit of 1.16 million yuan in the first half of the year [2] Shareholder Returns - The company announced its first-ever interim dividend, distributing 0.065 yuan per share, which accounts for 17.40% of the net profit attributable to shareholders for the first three quarters [3] - Anhui Ecology, holding 17.18% of the company's shares, plans to increase its stake by at least 2% within six months, indicating confidence in the company's long-term value [3] Profit Forecast and Valuation - Due to market saturation in the water and environmental engineering sectors, the company has revised down its revenue forecasts, projecting net profits of 368 million, 378 million, and 390 million yuan for 2025-2027, with downward adjustments of 4%, 6%, and 8% respectively [4] - The target price for the company is set at 10.02 yuan, based on a PE ratio of 17.9 for 2026, reflecting an increase from the previous target of 7.95 yuan [4]

Core Insights - The report highlights concerns regarding the independence of the Federal Reserve, particularly in light of political pressures, which may impact the macroeconomic narrative and the valuation of the US dollar [2] - The report provides a detailed analysis of various companies, focusing on their financial performance and strategic initiatives [3][4][5][6][7][8][10][11][12][17][19][20][22][24][25][26][27][28][30][31] Company Summaries - **Lihigh Food (300973 CH, Buy)**: The company reported revenue of 3.14 billion and net profit of 250 million for the first three quarters of 2025, showing year-on-year growth of 15.7% and 22.0% respectively. Despite pressure on gross margins due to rising palm oil prices, effective cost control has helped maintain profitability [3] - **Red Flag Chain (002697 CH, Accumulate)**: The company achieved revenue of 7.11 billion in the first three quarters of 2025, a year-on-year decrease of 8.5%. The net profit was 383 million, down 1.9% year-on-year. The company is focusing on internal management and cost reduction to improve profitability [4] - **Kanglong Chemical (300759 CH, Buy)**: The company reported revenue of 10.086 billion and adjusted net profit of 1.227 billion for the first three quarters of 2025, reflecting year-on-year growth of 14.4% and 10.8% respectively. The company has raised its revenue growth guidance for 2025 from 10-15% to 12-16% [5] - **Zhou Dasheng (002867 CH, Buy)**: The company reported revenue of 6.772 billion for the first three quarters of 2025, a decline of 37.3% year-on-year, while net profit increased by 3.1%. The growth in net profit is attributed to a higher proportion of high-margin products [6] - **Aimeike (300896 CH, Buy)**: The company reported revenue of 566 million in Q3 2025, down 21.3% year-on-year, with a net profit of 304 million, down 34.6%. The company is focusing on expanding its product pipeline and international market presence [7] - **Leixin Technology (688018 CH, Accumulate)**: The company achieved revenue of 1.912 billion in the first three quarters of 2025, a year-on-year increase of 30.97%. Despite a slight decline in Q3 revenue, the company is expanding its market presence in high-performance SoC [8] - **Zhongke Chuangda (300496 CH, Buy)**: The company reported revenue of 5.148 billion for the first three quarters of 2025, reflecting a year-on-year increase of 39.34%. The growth is driven by the AIOT sector [9] - **Yihua (301029 CH, Buy)**: The company reported revenue of 736 million in Q3 2025, up 17.52% year-on-year, with a net profit of 136 million, up 28.59%. The growth is attributed to the continued demand in lithium battery and automotive sectors [10] - **Huazhi Technology (688281 CH, Buy)**: The company reported revenue of 285 million in Q3 2025, a year-on-year increase of 12.85%. The company is focusing on its leading position in stealth materials [11] - **Chengdu Bank (601838 CH, Buy)**: The bank reported a net profit of 5.0% and revenue growth of 3.0% for the first nine months of 2025, indicating stable performance despite non-interest income fluctuations [12] - **Yun Tianhua (600096 CH, Buy)**: The company reported revenue of 12.6 billion in Q3 2025, a year-on-year decrease of 14%, but net profit increased by 24%. The company benefits from strong export demand for phosphate products [13] - **Funi Co., Ltd. (600483 CH, Buy)**: The company reported revenue of 3.666 billion in Q3 2025, down 4.04% year-on-year, but net profit increased by 11.53%. The company is focusing on its project reserves and renewable energy contributions [14] - **Hongcheng Environment (600461 CH, Buy)**: The company reported revenue of 1.738 billion in Q3 2025, up 2.41% year-on-year, with net profit of 324 million, reflecting stable operational performance [15] - **Op Lighting (603515 CH, Accumulate)**: The company reported revenue of 1.692 billion in Q3 2025, down 0.59% year-on-year, with net profit of 208 million, down 12.22%. The company is expected to recover as the housing market stabilizes [16] Industry Insights - The macroeconomic environment is influenced by political pressures on the Federal Reserve, which may affect market confidence and asset valuations [2] - The food and beverage sector is experiencing mixed performance, with some companies managing to maintain profitability through cost control and strategic initiatives [3][4][5][6] - The healthcare and pharmaceutical sectors are showing resilience, with companies reporting steady revenue growth and improved cash flow [7][8][9] - The technology sector, particularly in AI and IoT, is witnessing significant growth, driven by increased demand for advanced solutions [10][11][12] - The banking sector is showing stable performance, with banks managing to maintain profitability despite fluctuations in non-interest income [13][14] - The energy sector is focusing on renewable energy projects, with companies looking to expand their project reserves and improve operational efficiency [15][16]

Core Insights - The company reported a third-quarter revenue of 880 million yuan, representing a year-on-year increase of 6.76% [1] - The net profit for the third quarter was 73.4 million yuan, showing a year-on-year growth of 12.27% [1] - For the first three quarters, the company achieved a total revenue of 2.517 billion yuan, which is a year-on-year increase of 7.79% [1] - The net profit for the first three quarters was 254 million yuan, reflecting a year-on-year decrease of 1.50% [1]