股票简称：中环环保 债券简称：中环转 2 股票代码：300692 债券代码：123146 国泰海通证券股份有限公司 关于安徽中环环保科技股份有限公司不提前赎回"中环转 2" 的临时受托管理事务报告 受托管理人 （住所：中国（上海）自由贸易试验区商城路 618 号） 二〇二五年十月 二、影响分析和应对措施 依据中环环保于 2025 年 10 月 24 日发布的《安徽中环环保科技股份有限公司 关于不提前赎回"中环转 2"的公告》，本次不提前赎回"中环转 2"的事项已经 公司董事会审议通过，自 2026 年 1 月 31 日后首个交易日重新计算，若"中环转 2"再次触发有条件赎回条款，届时公司董事会将另行召开会议决定是否行使"中 环转 2"的提前赎回权利，并及时履行信息披露义务。 中环环保本次不提前赎回"中环转 2"的事项已经公司董事会审议通过，履 行了必要的审批程序，符合《可转换公司债券管理办法》《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市 公司自律监管指引第 15 号——可转换公司债券》等相关法律法规的规定及《募集 说明书》关于有条件赎回的约定。 重要声明 本 ...

Core Viewpoint - Zhonghuan Environmental Protection's stock price has shown significant growth this year, with a year-to-date increase of 56.46%, indicating strong market interest and performance in the environmental sector [2]. Group 1: Stock Performance - As of October 30, Zhonghuan Environmental Protection's stock price was 8.81 CNY per share, with a market capitalization of 3.76 billion CNY [1]. - The stock has experienced a 5.13% increase over the last five trading days, an 11.66% increase over the last 20 days, and a 34.50% increase over the last 60 days [2]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on October 10, where it recorded a net purchase of 45.96 million CNY [2]. Group 2: Financial Performance - For the period from January to September 2025, Zhonghuan Environmental Protection reported a revenue of 721 million CNY, representing a year-on-year growth of 2.99% [3]. - The net profit attributable to shareholders for the same period was 84.60 million CNY, reflecting a year-on-year increase of 13.84% [3]. Group 3: Business Overview - Zhonghuan Environmental Protection, established on December 14, 2011, and listed on August 21, 2017, is based in Hefei, Anhui Province [2]. - The company's main business includes wastewater treatment and environmental engineering, providing a full range of services including research and development, design consulting, engineering construction, investment, and operation [2]. - The revenue composition of the company is 81.34% from investment operation services, 18.58% from engineering contracting services, and 0.08% from other sources [2]. Group 4: Shareholder Information - As of September 30, the number of shareholders for Zhonghuan Environmental Protection was 17,900, a decrease of 2.14% from the previous period [3]. - The average number of circulating shares per shareholder increased by 2.81% to 21,097 shares [3]. Group 5: Dividend Information - Since its A-share listing, Zhonghuan Environmental Protection has distributed a total of 111 million CNY in dividends, with 50.11 million CNY distributed over the past three years [4].

Core Points - The Shanghai Composite Index closed at 3988.22 points, slightly below the five-day moving average with a change of -0.22% [1] - The total trading volume of A-shares reached 216.53 billion yuan, with 468 A-shares breaking above the five-day moving average [1] Summary by Category Stock Performance - Notable stocks with significant deviation from the five-day moving average include: - China Shipbuilding Industry Corporation (中船特气) with a deviation rate of 10.63% and a daily increase of 15.71% [1] - Haitong Development (海通发展) with a deviation rate of 8.36% and a daily increase of 10.04% [1] - Tietuo Machinery (铁拓机械) with a deviation rate of 8.15% and a daily increase of 11.69% [1] Trading Activity - The trading turnover rate for the top stocks breaking the five-day moving average varied, with: - Haitong Development showing a turnover rate of 19.72% [1] - Tietuo Machinery at 34.60% [1] - Other stocks like Tax Friend (税友股份) and Chengxing Shares (澄星股份) also showed notable trading activity [1] Market Trends - The overall market trend indicates a mixed performance with some stocks significantly outperforming the market average, while others are just above the five-day moving average [1]

Group 1 - The core viewpoint of the news is that Zhonghuan Environmental (300692.SZ) reported its Q3 2025 results, highlighting the institutional ownership and changes in public fund disclosures [1] Group 2 - As of October 27, 2025, a total of 9 institutional investors disclosed holdings in Zhonghuan Environmental A-shares, with a combined holding of 106 million shares, accounting for 24.80% of the total share capital [1] - The institutional ownership decreased by 0.14 percentage points compared to the previous quarter [1] - One new public fund was disclosed in this period, namely E Fund Yibai Intelligent Quantitative Strategy Mixed A, while five public funds were no longer disclosed [1] Group 3 - In terms of foreign investment, one new foreign institution disclosed its holdings, which is MORGAN STANLEY & CO. INTERNATIONAL PLC. [2]

Core Insights - The company reported a total revenue of 721 million yuan for the first three quarters of 2025, representing a year-on-year growth of 2.99% [2] - The net profit attributable to shareholders reached 84.60 million yuan, an increase of 13.84% compared to the same period last year [2] - The basic earnings per share were 0.1993 yuan, with a weighted average return on equity of 3.68% [2][7] Financial Performance - Operating revenue for the reporting period was 246.77 million yuan, showing a slight decrease of 0.39% year-on-year [1] - The net profit attributable to shareholders increased by 18.74% to 40.51 million yuan [1] - The net profit after deducting non-recurring gains and losses was 37.26 million yuan, up 11.18% year-on-year [1] Cash Flow and Investment - The net cash flow from operating activities was 112.09 million yuan, reflecting a significant increase of 32.34% [10] - The net cash flow from financing activities was -167 million yuan, a decrease of 358 million yuan year-on-year [10] - The net cash flow from investing activities was 115 million yuan, compared to -167 million yuan in the same period last year [10] Asset and Liability Changes - As of the end of Q3 2025, accounts receivable increased by 12.86%, while other current assets decreased by 56.08% [13] - Cash and cash equivalents rose by 21.9%, indicating improved liquidity [13] - Long-term borrowings decreased by 9.53%, while long-term payables increased by 39.8% [13] Valuation Metrics - The company's price-to-earnings (P/E) ratio is approximately 51.48, with a price-to-book (P/B) ratio of about 1.52 and a price-to-sales (P/S) ratio of around 3.66 [1]

Core Viewpoint - Zhonghuan Environmental Protection (300692.SZ) reported a revenue of 721 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.99% [1] - The net profit attributable to shareholders reached 84.60 million yuan, marking a year-on-year increase of 13.84% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 77.82 million yuan, up by 7.98% year-on-year [1] - Basic earnings per share stood at 0.1993 yuan [1] Financial Performance - Revenue for the first three quarters: 721 million yuan, up 2.99% year-on-year [1] - Net profit attributable to shareholders: 84.60 million yuan, up 13.84% year-on-year [1] - Net profit after deducting non-recurring gains: 77.82 million yuan, up 7.98% year-on-year [1] - Basic earnings per share: 0.1993 yuan [1]

Group 1 - Company Zhonghuan Environmental Protection reported Q3 earnings, with revenue for the first three quarters of 2025 approximately 721 million yuan, an increase of 2.99% year-on-year [1] - The net profit attributable to shareholders of the listed company was approximately 84.6 million yuan, reflecting a year-on-year increase of 13.84% [1] - Basic earnings per share were 0.1993 yuan, up 12.09% compared to the previous year [1] Group 2 - As of the report date, Zhonghuan Environmental Protection had a market capitalization of 3.6 billion yuan [2]

安徽中环环保科技股份有限公司董事会 2025 年 10 月 28 日 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。 安徽中环环保科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开了第四届董事会第十次会议、第四届监事会第七次会议，审议通过了《2025 年第三季度报告》。为了使投资者全面了解公司的财务状况和经营成果，公司 《2025 年第三季度报告》已于 2025 年 10 月 28 日在中国证监会指定的创业板信 息披露网站巨潮资讯网（www.cninfo.com.cn）上披露。敬请投资者注意查阅。 特此公告。 | 证券代码:300692 | 证券简称:中环环保 | 公告编号:2025-067 | | --- | --- | --- | | 债券代码:123146 | 债券简称:中环转 2 | | 安徽中环环保科技股份有限公司 2025 年第三季度报告披露的提示性公告 ...

| 证券代码：300692 | 证券简称：中环环保 | | 公告编号：2025-069 | | --- | --- | --- | --- | | 债券代码：123146 | 债券简称：中环转 | 2 | | 安徽中环环保科技股份有限公司 关于 2022 年员工持股计划存续期延期的公告 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。 安徽中环环保科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开第四届董事会第十次会议，审议通过了《关于 2022 年员工持股计划延期 的议案》，同意将公司 2022 年员工持股计划（以下简称"本员工持股计划"） 存续期延长 24 个月，即延长至 2027 年 11 月 22 日。将相关情况公告如下： 一、本员工持股计划的基本情况 （一）审议情况 公司于 2022 年 9 月 13 日召开第三届董事会第十六次会议、第三届监事会第 十五次会议，于 2022 年 9 月 29 日召开 2022 年第一次临时股东大会审议通过了 《关于公司<2022 年员工持股计划（草案）>及其摘要的议案》《关于公司<2022 年 ...

（一）审议通过《2025 年第三季度报告》 经审议，监事会认为：公司《2025 年第三季度报告》的编制和审议程序符 合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了上 市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 证券代码:300692 证券简称:中环环保 公告编号:2025-066 债券代码:123146 债券简称:中环转 2 安徽中环环保科技股份有限公司 第四届监事会第七次会议决议公告 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 安徽中环环保科技股份有限公司（以下简称"公司"）第四届监事会第七次 会议的会议通知于 2025 年 10 月 22 日以电子通讯方式发出，并于 2025 年 10 月 27 日在公司会议室以现场表决的方式召开。本次监事会会议由监事会主席葛雅 政先生召集并主持，本次会议应到监事 3 人，实到监事 3 人。本次会议的召开符 合《公司法》等相关法律法规和《公司章程》的规定。 二、监事会会议审议情况 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）的《 ...