Group 1 - The core viewpoint of the news is that Zhonghuan Environmental Protection has experienced fluctuations in stock price and trading volume, with a notable increase in stock price year-to-date [1] - As of November 6, the stock price of Zhonghuan Environmental Protection is 9.00 CNY per share, with a market capitalization of 3.841 billion CNY [1] - The company has seen a year-to-date stock price increase of 59.83%, with a recent 5-day increase of 1.47% and a 60-day increase of 41.51% [1] Group 2 - Zhonghuan Environmental Protection, established on December 14, 2011, and listed on August 21, 2017, is based in Hefei, Anhui Province, and specializes in wastewater treatment and environmental engineering [2] - The company's main business revenue composition includes 81.34% from investment operation services, 18.58% from engineering contracting services, and 0.08% from other services [2] - As of September 30, the number of shareholders is 17,900, a decrease of 2.14% from the previous period, with an average of 21,097 circulating shares per person, an increase of 2.81% [2] Group 3 - For the period from January to September 2025, Zhonghuan Environmental Protection achieved an operating income of 721 million CNY, a year-on-year increase of 2.99%, and a net profit attributable to shareholders of 84.6 million CNY, a year-on-year increase of 13.84% [2] - The company has distributed a total of 111 million CNY in dividends since its A-share listing, with 50.11 million CNY distributed in the last three years [3]

安徽中环环保科技股份有限公司 关于控股股东、实际控制人及其一致行动人 股份协议转让事项获得深圳证券交易所合规性确认 证券代码:300692 证券简称:中环环保 公告编号:2025-070 债券代码:123146 债券简称:中环转 2 暨公司控制权拟发生变更的进展公告 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。 特此公告。 2025 年 10 月 9 日、2025 年 10 月 10 日，安徽中环环保科技股份有限公司（以 下简称"公司"）控股股东、实际控制人张伯中先生及其一致行动人安徽中辰投 资控股有限公司（以下简称"中辰投资"）与北京鼎垣企业管理咨询合伙企业（有 限合伙）（以下简称"北京鼎垣"）、嘉兴鼎康企业管理合伙企业（有限合伙） （以下简称"嘉兴鼎康"）分别签署了《股份转让协议》《<股份转让协议>之 补充协议》。张伯中先生将其持有的 16,391,359 股公司股票（占公司总股本的 3.8407%1）转让给嘉兴鼎康，中辰投资将其持有的 8,355,863 股公司股票（占公 司总股本的 1.9579%）转让给嘉兴鼎康，中辰投资将其持有的 45,794,1 ...

Core Insights - The environmental governance sector saw an increase of 0.81% on November 3, with Zhejiang Fu Holdings leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Environmental Governance Sector Performance - Top gainers included: - Zhejiang Fu Holdings (002266) with a closing price of 4.52, up 9.98% and a trading volume of 1.93 million shares, totaling 873 million yuan [1] - Zhonghuan Environmental (300692) at 9.58, up 7.28% with a trading volume of 450,900 shares, totaling 434 million yuan [1] - Haitan Co., Ltd. (603759) at 11.74, up 6.73% with a trading volume of 370,700 shares, totaling 413 million yuan [1] - Other notable gainers included: - Feima International (002210) at 4.45, up 5.95% with a trading volume of 6.29 million shares, totaling 2.83 billion yuan [1] - ST New Power (300152) at 2.50, up 5.49% with a trading volume of 374,000 shares, totaling 9.19 million yuan [1] Fund Flow Analysis - The environmental governance sector experienced a net outflow of 772 million yuan from institutional investors, while retail investors saw a net inflow of 677 million yuan [2] - The top stocks by fund flow included: - Zhejiang Fu Holdings (002266) with a net inflow of 22.3 million yuan from institutional investors, but a net outflow of 114 million yuan from speculative funds [3] - Feima International (002210) with a net inflow of 10.7 million yuan from institutional investors, but a net outflow of 97.8 million yuan from speculative funds [3] - Yuan Da Environmental (600292) with a net inflow of 38.3 million yuan from institutional investors, but a net outflow of 14.9 million yuan from speculative funds [3]

Core Viewpoint - Zhonghuan Environmental Protection, established in December 2011 and listed in August 2017, specializes in wastewater treatment and environmental engineering services, holding a competitive edge in technology and operations [1] Group 1: Business Performance - In Q3 2025, Zhonghuan Environmental Protection reported revenue of 721 million yuan, ranking 29th out of 51 in the industry, with the top competitor, Chuangshou Environmental Protection, generating 13.453 billion yuan [2] - The net profit for the same period was 91.7843 million yuan, placing the company 23rd in the industry, while the leading competitor reported a net profit of 1.908 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 62.25%, down from 64.22% year-on-year, which is higher than the industry average of 49.82% [3] - The gross profit margin for Q3 2025 was 39.58%, slightly down from 39.66% year-on-year, but still above the industry average of 32.13% [3] Group 3: Executive Compensation - The chairman, Zhang Bozhong, received a salary of 500,000 yuan in 2024, an increase of 12,000 yuan from 2023 [4] - The general manager, Song Yonglian, earned 608,000 yuan in 2024, a decrease of 20,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.14% to 17,900, while the average number of circulating A-shares held per account increased by 2.81% to 21,100 [5]

深圳证券交易所： 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）作为 安徽中环环保科技股份有限公司（以下简称"中环环保"、"公司"或"发行人"） 2022 年向不特定对象发行可转换公司债券的保荐机构，根据《证券发行上市保 荐业务管理办法》《可转换公司债券管理办法》《深圳证券交易所创业板股票上 市规则》等有关规定，对公司不提前赎回"中环转 2"的事项进行了核查，核查 情况及核查意见如下： 一、可转换公司债券基本情况 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"的核查意见 经中国证券监督管理委员会证监许可[2022]56 号文《关于同意安徽中环环保 科技股份有限公司向不特定对象发行可转换公司债券注册的批复》同意注册，中 环环保于 2022 年 5 月 6 日向不特定对象发行可转换公司债券 864.00 万张，每张 面值为人民币 100.00 元，期限为 6 年，募集资金总额为人民币 864,000,000.00 元，扣除各项发行费用合计人民币 5,816,657.00 元（不含增值税）后，实际募集 资金净额为人民币 858,183,343.00 元。经深交所 ...

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]