Core Viewpoint - Zhonghuan Environmental Protection (300692.SZ) has completed a non-trading transfer of 4,000,000 shares to its employee stock ownership plan, representing 0.94% of the company's total share capital at a price of 3.90 yuan per share [1] Summary by Relevant Sections - **Share Transfer Details** - The company received a confirmation from China Securities Depository and Clearing Corporation Limited Shenzhen Branch regarding the transfer of 4,000,000 shares to the "Zhonghuan Environmental Protection Technology Co., Ltd. 2025 Employee Stock Ownership Plan" [1] - The transfer occurred on September 2, 2025, and the price per share was set at 3.90 yuan [1] - **Employee Stock Ownership Plan** - The total number of shares held by all effective employee stock ownership plans does not exceed 10% of the company's total share capital [1] - The maximum number of shares that any single employee can receive does not exceed 1% of the company's total share capital [1]

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。 一、持有人会议召开情况 安徽中环环保科技股份有限公司（以下简称"公司"或"中环环保"）2025 年员工持股计划第一次持有人会议（以下简称"本次会议"）于 2025 年 9 月 3 日以现场与通讯相结合的方式召开。本次会议由公司董事会秘书江琼女士召集和 主持，会议应出席持有人 60 人，实际出席持有人 41 人，代表 2025 年员工持股 计划份额 1,255.80 万份，占公司 2025 年员工持股计划总份额的 80.50%。本次会 议的通知、召开和表决程序符合相关法律法规及公司 2025 年员工持股计划的有 关规定。本次会议经投票表决，审议通过了如下决议： 二、持有人会议审议情况 | 证券代码：300692 | 证券简称：中环环保 | | 公告编号：2025-051 | | --- | --- | --- | --- | | 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 2025 年员工持股计划第一次持有人会议决议公告 为保证公司 2025 年员工持股计划的顺 ...

| 证券代码：300692 | 证券简称：中环环保 | | 公告编号：2025-050 | | --- | --- | --- | --- | | 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 2025 年员工持股计划非交易过户完成的公告 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 7 月 10 日召 开第四届董事会第七次会议、第四届监事会第五次会议，于 2025 年 7 月 30 日召 开的 2025 年第一次临时股东大会审议通过了《关于公司<2025 年员工持股计划 （草案）>及其摘要的议案》《关于公司<2025 年员工持股计划管理办法>的议案》 《关于提请股东大会授权董事会办理 2025 年员工持股计划相关事宜的议案》等 相关议案，具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的相关公 告。 根据《关于上市公司实施员工持股计划试点的指导意见》《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 ...

Group 1 - The A-share environmental protection sector experienced a significant rally on September 1, with notable gains in various companies [1] - Energy-saving company Tiehan saw an increase of over 13%, indicating strong market interest [1] - Other companies such as Dechuang Environmental Protection reached their daily limit, while Qidi Environment, Xingyuan Environment, and Zhonghuan Environmental Protection also showed upward trends [1]

Core Viewpoint - The environmental protection sector experienced a significant rally on September 1, with notable stock price increases among key companies in the industry [1] Group 1: Stock Performance - Energy-saving company Tiexin surged over 9% [1] - Dechuang Environmental previously hit the daily limit up [1] - Other companies such as Qidi Environment, Xingyuan Environment, and Zhonghuan Environmental also saw price increases [1]

Core Viewpoint - Zhonghuan Environmental Protection (300692) reported a revenue increase of 4.84% year-on-year for the first half of 2025, with a total revenue of 474 million yuan and a net profit of 44.09 million yuan, reflecting a 9.69% increase [1] Financial Performance - Total revenue for the second quarter of 2025 reached 279 million yuan, up 20.45% year-on-year, while net profit for the same period surged by 186.31% to 23.42 million yuan [1] - The gross profit margin decreased to 37.44%, down 3.31% year-on-year, while the net profit margin improved to 10.07%, an increase of 10.19% [1] - Total operating expenses (selling, administrative, and financial) amounted to 95.74 million yuan, accounting for 20.19% of revenue, a decrease of 8.49% year-on-year [1] - The company reported a significant increase in accounts receivable, which reached 1.11 billion yuan, representing a 22.09% increase year-on-year [1] Cash Flow Analysis - The net cash flow from operating activities decreased by 48.01%, attributed to external payments [1] - The net cash flow from investing activities increased by 181.92%, due to the redemption of financial products [2] - The net cash flow from financing activities saw a decline of 218.24%, resulting from a reduction in borrowings [3] - The net increase in cash and cash equivalents rose by 193.46%, also due to the redemption of financial products [4] Return on Investment - The company's Return on Invested Capital (ROIC) for the previous year was 3.76%, indicating a weak capital return, with a historical median ROIC of 8.65% since its listing [5] - The net profit margin for the previous year was 6.4%, suggesting average added value for its products or services [5] Financial Health Indicators - The cash flow situation is concerning, with cash and cash equivalents accounting for only 4.36% of total assets and 39.43% of current liabilities [6] - The debt situation is also a concern, with a debt ratio of 45.35% for interest-bearing liabilities and a ratio of 32.66% for total interest-bearing liabilities to the average operating cash flow over the past three years [7] - The accounts receivable to profit ratio is alarmingly high at 1871.4% [7] Competitive Advantages - The company possesses strong design capabilities and qualifications, allowing for integrated consideration of project processes, equipment, and operations, leading to higher operational efficiency [7] - It has mastered several key technologies in industrial wastewater treatment, providing a significant technological advantage [7] - The company has over 20 years of operational experience in wastewater treatment, supported by a professional team, which enhances its cost advantages through energy-saving upgrades and meticulous management [7]

Group 1 - The company, Zhonghuan Environmental Protection, announced the convening of its fourth board meeting on August 21, 2025, to review the 2025 semi-annual report and its summary [2] - For the year 2024, the company's revenue composition is as follows: water treatment industry accounts for 50.27%, environmental comprehensive governance business accounts for 30.75%, engineering construction industry accounts for 18.93%, and other businesses account for 0.05% [2]

Core Viewpoint - Zhonghuan Environmental Protection announced the approval of multiple proposals, including the "2025 Semi-Annual Report and its Summary," during the eighth meeting of the fourth board of directors [2] Group 1 - The company held its fourth board meeting to discuss and approve significant financial documents [2] - The approved documents include the semi-annual report for 2025, indicating ongoing financial planning and transparency [2]

Group 1 - The core viewpoint of the article is that Zhonghuan Environmental (300692.SZ) reported a revenue of 474 million yuan for the first half of 2025, reflecting a year-on-year growth of 4.84% [1] - The net profit attributable to shareholders of the listed company reached 44.09 million yuan, which is a year-on-year increase of 9.69% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 40.56 million yuan, showing a year-on-year growth of 5.19% [1] - The basic earnings per share stood at 0.1039 yuan [1]

Meeting Overview - The fourth meeting of the supervisory board of Anhui Zhonghuan Environmental Protection Technology Co., Ltd. was held on August 21, 2025, with all three supervisors present, complying with relevant laws and regulations [1][2]. Financial Reporting - The supervisory board approved the "2025 Half-Year Report and its Summary," confirming that the report's preparation and review processes met legal and regulatory requirements, accurately reflecting the company's actual situation without any false records or omissions [1][2]. Asset Management - The supervisory board also approved the proposal regarding the provision for credit impairment losses, asset impairment provisions, and asset write-offs, stating that these actions adhered to the principle of prudence and relevant accounting standards, thereby fairly representing the company's financial status as of June 30, 2025 [2].