证券日报网讯 12月5日，惠城环保在互动平台回答投资者提问时表示，公司目前经营一切正常，各项业 务有序推进，不存在任何未披露的经营异常情况。公司四季度业绩情况届时请关注公司定期报告。 （文章来源：证券日报） ...

证券日报网讯 12月5日，惠城环保在互动平台回答投资者提问时表示，欧盟近期通过并实施了一系列旨 在推动循环经济和减少塑料污染的法规，这些法规对再生料的使用有明确要求，重点在于强制提升再生 材料的使用比例，而非"限制使用本地产的再生料"。 （编辑 楚丽君） ...

Core Insights - The environmental governance sector saw a slight increase of 0.29% on December 5, with Beijiete leading the gains [1] - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1] Stock Performance - Beijiete (300774) closed at 19.01, with a significant increase of 10.85%, trading volume of 416,900 shares, and a transaction value of 804 million [1] - China Tianrong (000035) rose by 10.05% to close at 6.13, with a trading volume of 747,100 shares and a transaction value of 445 million [1] - Dechuang Environmental (603177) increased by 9.97% to 12.13, with a trading volume of 112,800 shares and a transaction value of 133 million [1] - Huicheng Environmental (300779) saw an 8.01% rise, closing at 132.00, with a transaction value of 1.01 billion [1] - Other notable performers include Baichuan Changyin (300614) up 6.07%, Qidi Environment (000826) up 5.80%, and Huaxin Environmental (301265) up 5.23% [1] Fund Flow Analysis - The environmental governance sector experienced a net inflow of 152 million from institutional investors, while retail investors saw a net outflow of 1.27 billion [2] - The main stocks with significant net inflows include Huicheng Environmental (1.68 million) and China Tianrong (7.38 million) [3] - Conversely, retail investors showed notable outflows from Beijiete (7.72 million) and Qidi Environment (4.65 million) [3]

| 权益类证券大宗交易(协议交易) | | --- | 12月4日，惠城环保大宗交易成交9万股，成交额990万元，占当日总成交额的3.06%，成交价110元，较 市场收盘价122.21元折价9.99%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-12-04 | 300779 | 惠城环保 | 110.00 | 9.00 | | 990.00 招商证券股份有限 | 长江证券股份有限 | | | | | | | | 公司北京景辉街证 | 公司成都东大街证 | | | | | | | | 劳营业部 | 券营业部 | ...

Group 1 - The core viewpoint of the article is that Huicheng Environmental Protection (300779) confirmed that there have been no adjustments to its product planning for the 20,000 tons/year mixed waste plastic resource utilization project, with the main products remaining liquefied plastic cracking gas and plastic cracking light oil [1] Group 2 - The company engaged with investors on an interactive platform to address inquiries regarding its project [1] - The internal verification conducted by the company reaffirmed the stability of its product offerings [1]

证券之星消息，12月1日环境治理板块较上一交易日下跌0.23%，惠城环保领跌。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。环境治理板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301148 | 嘉戎技术 | 39.64 | 20.01% | 9614.45 | | 3811.17万 | | 002778 | 中晟高科 | 24.09 | 10.00% | 3.86万 | | 9214.86万 | | 300437 | 清水源 | 21.60 | 6.40% | 69.14万 | | 15.30 Z | | 301109 | 軍信股份 | 15.11 | 5.59% | - 30.31万 | | 4.63亿 | | 605081 | *ST太和 | 10.48 | 5.01% | 4.86万 | | 4987.54万 | | 688701 | 車锦股份 | 10.64 | 4.83% | 5.04万 | ...

沪指12月1日上涨0.65%，申万所属行业中，今日上涨的有28个，涨幅居前的行业为有色金属、通信， 涨幅分别为2.85%、2.81%。跌幅居前的行业为农林牧渔、环保、房地产，跌幅分别为0.43%、0.23%、 0.06%。环保行业位居今日跌幅榜第二。 环保行业今日下跌0.23%，全天主力资金净流出3.89亿元，该行业所属的个股共133只，今日上涨的有60 只，涨停的有3只；下跌的有61只。以资金流向数据进行统计，该行业资金净流入的个股有65只，其 中，净流入资金超千万元的有10只，净流入资金居首的是中晟高科，今日净流入资金3694.64万元，紧 随其后的是清水源、首创环保，净流入资金分别为2870.32万元、2273.80万元。环保行业资金净流出个 股中，资金净流出超3000万元的有7只，净流出资金居前的有惠城环保、福龙马、ST新动力，净流出资 金分别为1.99亿元、6821.09万元、4342.80万元。（数据宝） 环保行业资金流出榜 环保行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- ...

Core Viewpoint - The convertible bond market showed mixed performance with the Zhongzheng Convertible Bond Index rising by 0.1% to 482.09, and a total trading volume of 53.624 billion yuan [1] Convertible Bonds Performance - A total of 395 convertible bonds were traded today, with 215 rising, 0 unchanged, and 180 declining [1] - 21 convertible bonds saw gains exceeding 2%, with notable performers including: - Furong Convertible Bond (113672) up 7.71% - Fuxin Convertible Bond (111012) up 7.14% - Guanzhong Convertible Bond (123207) up 6.54% [2] - Conversely, 12 convertible bonds experienced declines over 2%, with: - Huicheng Convertible Bond (123118) down 9.78% - Yingbo Convertible Bond (123249) down 6.45% - Dazhong Convertible Bond (127070) down 4.73% [2] Corresponding Stocks Performance - Among the stocks corresponding to the traded convertible bonds, 241 rose, 12 remained unchanged, and 142 fell [1] - 12 stocks had gains exceeding 5%, including: - Asia Pacific Technology (002540) up 10.06% - Hebang Bio (603077) up 10.05% - Furong Technology (603327) up 10.01% [1] - 2 stocks saw declines over 5%, with: - Huitong Group (603176) down 9.94% - Corresponding Huicheng Convertible Bond (113665) down 3.46% [1]

Core Viewpoint - The company, Huicheng Environmental Protection (300779.SZ), has addressed recent rumors regarding issues with its products and equipment, stating that these claims lack factual basis and have negatively impacted its reputation and market order [1] Group 1: Product and Project Status - The company's 200,000 tons/year mixed waste plastic resource utilization project remains unchanged, with the main products being liquefied plastic cracking gas and plastic cracking light oil [1] - The primary component of liquefied plastic cracking gas is propylene and other low-carbon olefins, while the main component of plastic cracking light oil is mixed aromatics [1] Group 2: Technical Upgrades and Operations - To ensure the calibration and subsequent efficient operation of the facility, the project will enter a shutdown technical upgrade phase on November 20, 2025, with progress aligning with the expected timeline [1] - The hydrogenation unit being constructed is aimed at enhancing the quality of the products produced by the cracking unit, and it is currently progressing according to the established schedule [1] Group 3: Investor Communication - The company urges investors and the public not to believe or spread rumors, emphasizing the importance of maintaining a healthy market environment [1]

Investment Rating - The report maintains a "Buy" rating for key companies in the environmental sector, including Huicheng Environmental, Gaoneng Environment, and Hongcheng Environment [6]. Core Insights - The establishment of local carbon accounting systems is accelerating, driving high demand in the environmental monitoring industry. Policies in Shandong and Hubei provinces are expected to create clear incremental demand for carbon management and environmental monitoring services [1][28]. - The macroeconomic environment is characterized by historically low interest rates, making high-dividend assets and growth-oriented companies attractive. The report highlights companies benefiting from carbon neutrality, such as high-energy waste management leaders and strong dividend-paying state-owned enterprises [2][29]. Summary by Sections Investment Views - Shandong Province has released a carbon accounting methodology for public institutions, mandating energy-saving renovations and renewable energy adoption, which will directly benefit environmental monitoring companies like Juguang Technology and Xuedilong [1][21]. - Hubei Province has implemented a stringent energy-saving review and carbon emission evaluation for fixed asset investment projects, enhancing the green threshold for investments and favoring environmental monitoring sectors [28]. Market Performance - The environmental sector performed moderately, outperforming the Shanghai Composite Index but underperforming the ChiNext Index. The environmental sector index rose by 1.78%, while the Shanghai Composite Index increased by 1.40% and the ChiNext Index by 4.54% [34]. Industry News - New standards for air pollutant emissions from municipal waste incineration have been released in Shanghai, setting comprehensive requirements for existing and new facilities [40]. - Hubei's new regulations require simultaneous energy-saving reviews and carbon emission evaluations for all new, renovated, and expanded projects, significantly raising the bar for fixed asset investments [28]. Key Companies - Huicheng Environmental is noted for its strong growth potential and high dividend yield, with a projected revenue compound annual growth rate of 13.0% from 2016 to 2024 [30][33]. - Gaoneng Environment aims to become a leading global environmental service provider, focusing on hazardous waste resource utilization and environmental engineering [32].