Core Viewpoint - Huicheng Environmental Protection (300779) forecasts a net profit of 55 million to 70 million yuan for the year 2025, indicating a year-on-year growth of 29.11% to 64.32% [1] Financial Performance - The net profit excluding non-recurring gains and losses is expected to be between 42 million and 57 million yuan, representing a year-on-year increase of 40.35% to 90.47% [1]

Core Viewpoint - Huicheng Environmental Protection (惠城环保) is expected to significantly increase its profitability in 2025, with projected net profit ranging from 55 million to 70 million yuan, representing a year-on-year growth of 29.11% to 64.32% [1] Group 1: Financial Performance - The company anticipates a non-recurring net profit of 42 million to 57 million yuan, indicating a year-on-year increase of 40.35% to 90.47% [1] - The expected growth in 2025 is attributed to the synergistic advancement of various business segments, including market expansion, technological innovation, and the implementation of new projects for chemical recycling of waste plastics [1] Group 2: Business Operations - The catalyst segment has strengthened its market presence, enhancing both domestic market share and overseas business, leading to increased sales volume and revenue [1] - The high-sulfur petroleum coke hydrogen ash comprehensive utilization project is operating efficiently, contributing stable economic benefits [1] - The 20,000 tons/year mixed waste plastic resource utilization demonstration project has successfully completed trial production, achieving initial benefits [1] Group 3: Technological Innovation - Huicheng Environmental Protection is one of the few companies in China that provides customized catalyst products and waste catalyst treatment services, recognized by industry leaders such as Sinopec and PetroChina [2] - The company is the sole technology solution provider for the treatment of petroleum coke hydrogen ash for Guangdong Petrochemical, producing valuable by-products such as steam and crude vanadium [2] - The CPDCC (Catalytic Cracking of Mixed Waste Plastics) technology is a globally pioneering technology developed by the company, with a demonstration project achieving over 92% yield of oil and gas products relative to effective carbon and hydrogen in waste plastics [3] Group 4: Market Potential - The company plans to focus on producing higher-value products such as sodium hydroxide and calcium sulfate whiskers, which have broad applications in construction materials, plastics, and rubber [2] - The successful trial production of the mixed waste plastic resource utilization project has validated the technology's maturity and reliability, paving the way for industrial-scale promotion [3] - The company has received ISCC PLUS certification, which will provide a green premium advantage for its products [3]

Core Viewpoint - Huicheng Environmental Protection (惠城环保) is expected to significantly increase its profitability in 2025, with projected net profit ranging from 55 million to 70 million yuan, representing a year-on-year growth of 29.11% to 64.32% [1] Group 1: Financial Performance - The company anticipates a non-net profit of 42 million to 57 million yuan, indicating a year-on-year increase of 40.35% to 90.47% [1] - The expected growth in 2025 is attributed to the synergistic advancement of various business segments, including market expansion, technological innovation, and the implementation of new projects for chemical recycling of waste plastics [1] Group 2: Business Operations - The catalyst segment has strengthened its market presence, enhancing both domestic market share and overseas business, leading to increased sales and revenue [1] - The high-sulfur petroleum coke hydrogen ash comprehensive utilization project is operating efficiently, contributing stable economic benefits [1] - The 20,000 tons/year mixed waste plastic resource utilization demonstration project has successfully completed trial production, achieving initial benefits [1] Group 3: Technological Innovation - Huicheng Environmental Protection is one of the few companies in China that offers customized catalyst products and waste catalyst treatment services, recognized by industry leaders such as Sinopec and PetroChina [2] - The company is the sole technology solution provider for the treatment of petroleum coke hydrogen ash in Guangdong, producing valuable by-products such as steam, crude vanadium, and crude nickel hydroxide [2] - The CPDCC (Catalytic Pyrolysis of Mixed Waste Plastics) technology is a globally pioneering innovation, with a demonstration project in Guangdong achieving over 92% yield of oil and gas products from waste plastics [3] Group 4: Market Position and Future Plans - The company has received ISCC PLUS certification, which will provide a green premium advantage for its products [3] - There are ongoing discussions with local governments for regional waste plastic recycling projects, and interest from foreign enterprises for collaboration [3] - The company plans to adjust raw material feeding methods to gradually achieve design capacity by the end of January [3] - Huicheng Environmental Protection is aligning its innovative recycling technology with national carbon neutrality goals and green development plans, aiming to lead the industry towards high-value, large-scale, and green development [4]

本报告期内，催化剂持续深化市场布局，稳固国内市场占有率，拓展海外业务实现增量，销量与销售收 入实现提升，效益显著；高硫石油焦制氢灰渣综合利用项目保持平稳高效运行，实现稳定经济效益。在 废塑料化学循环利用方面，20万吨/年混合废塑料资源化综合利用示范性项目顺利完成试生产，装置顺 利通过现场性能考核，充分验证了技术的成熟度与可靠性，打通从低值混合废塑料到高端聚烯烃产品的 全产业链，初步实现效益。公司各业务板块协同推进，本报告期利润较去年同期实现增长。 格隆汇1月15日丨惠城环保(300779.SZ)公布，预计2025年归属于上市公司股东的净利润5,500.00万元– 7,000.00万元，比上年同期增长29.11%-64.32%，扣除非经常性损益后的净利润4,200.00万元–5,700.00万 元，比上年同期增长40.35%-90.47%。 ...

报告期内，催化剂持续深化市场布局，稳固国内市场占有率，拓展海外业务实现增量，销量与销售收入 实现提升，效益显著;高硫石油焦制氢灰渣综合利用项目保持平稳高效运行，实现稳定经济效益。在废 塑料化学循环利用方面，20万吨/年混合废塑料资源化综合利用示范性项目顺利完成试生产，装置顺利 通过现场性能考核，充分验证了技术的成熟度与可靠性，打通从低值混合废塑料到高端聚烯烃产品的全 产业链，初步实现效益。公司各业务板块协同推进，本报告期利润较去年同期实现增长。 智通财经APP讯，惠城环保(300779.SZ)发布2025年度业绩预告，预计全年归属于上市公司股东的净利润 5500万元–7000万元，同比增长29.11%-64.32%。 ...

Core Viewpoint - The company Huicheng Environmental Protection expects a net profit of 55 million to 70 million yuan for the year 2025, representing a year-on-year growth of 29.11% to 64.32% [1] Business Performance - The catalyst segment has deepened its market layout, solidifying domestic market share while expanding overseas business to achieve incremental growth [1] - Sales volume and revenue have increased, leading to significant improvements in profitability [1] - The high-sulfur petroleum coke hydrogen ash comprehensive utilization project has maintained stable and efficient operations, resulting in consistent economic benefits [1] Technological Advancements - The 200,000 tons per year mixed waste plastic resource utilization demonstration project has successfully completed trial production, with the facility passing on-site performance assessments [1] - The project has validated the maturity and reliability of the technology, establishing a complete industrial chain from low-value mixed waste plastics to high-end polyolefin products, achieving preliminary benefits [1] Collaborative Efforts - The company has promoted collaboration across various business segments, resulting in profit growth compared to the same period last year [1]

Core Viewpoint - The company Huicheng Environmental Protection expects a significant increase in net profit for the year 2025, driven by market expansion and operational efficiency [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is estimated to be between 55 million and 70 million yuan, representing a year-on-year increase of 29.11% to 64.32% [1] - The projected net profit after deducting non-recurring gains and losses is expected to be between 42 million and 57 million yuan, indicating a year-on-year growth of 40.35% to 90.47% [1] Business Operations - The company has successfully deepened its market layout for catalysts, solidifying its domestic market share while expanding overseas to achieve incremental growth [1] - The high-sulfur petroleum coke hydrogen production ash comprehensive utilization project is operating steadily and efficiently, yielding stable economic benefits [1] - In the field of waste plastic chemical recycling, the 200,000 tons per year mixed waste plastic resource utilization demonstration project has successfully completed trial production, passing on-site performance assessments and validating the maturity and reliability of the technology [1] - The company has established a complete industrial chain from low-value mixed waste plastics to high-end polyolefin products, achieving preliminary benefits [1] - Collaborative advancement across various business segments has led to profit growth compared to the same period last year [1]

| 证券代码：300779 | 证券简称：惠城环保 | 公告编号：2026-004 | | --- | --- | --- | | 债券代码：123118 | 债券简称：惠城转债 | | 青岛惠城环保科技集团股份有限公司 二、与会计师事务所沟通情况 2025 年度业绩预告 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。 一、本期业绩预计情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 业绩预告情况：自愿性业绩预告 | 项 目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市 公司股东的 | 盈利： 5,500.00 万元–7,000.00 万元 | 盈利：4,259.97 万元 | | 净利润 | 比上年同期增长：29.11% - 64.32% | | | 扣除非经常 性损益后的 | 盈利： 4,200.00 万元–5,700.00 万元 | 盈利: 2,992.54 万元 | | 净利润 | 比上年同期增长：40.35% - 90.47% | | 注：上表中 ...

Core Viewpoint - Huicheng Environmental experienced a decline of 4.60% in stock price on January 13, with a trading volume of 947 million yuan, indicating potential market volatility and investor sentiment concerns [1]. Financing Summary - On January 13, Huicheng Environmental had a financing buy-in amount of 102 million yuan and a financing repayment of 108 million yuan, resulting in a net financing outflow of 6.38 million yuan [1]. - As of January 13, the total balance of margin trading for Huicheng Environmental was 1.28 billion yuan, with the financing balance accounting for 6.75% of the circulating market value [1]. - The company had a margin balance of 12.79 billion yuan, with 5,500 shares available for short selling and a short selling balance of 639,200 yuan [1]. Business Overview - Huicheng Environmental, established on February 27, 2006, and listed on May 22, 2019, is located in Qingdao, Shandong Province [1]. - The company's main business involves providing waste catalyst treatment services for refining enterprises and developing, producing, and selling FCC catalysts and other resource utilization products [1]. - The revenue composition of Huicheng Environmental includes: 62.93% from hazardous waste treatment services, 30.15% from resource utilization products, 3.97% from other products, 2.43% from three waste governance, and 0.53% from other supplementary services [1]. Financial Performance - As of September 30, Huicheng Environmental had 23,000 shareholders, an increase of 105.96% compared to the previous period, while the average circulating shares per person decreased by 51.18% [2]. - For the period from January to September 2025, the company achieved an operating income of 875 million yuan, representing a year-on-year growth of 1.47%, while the net profit attributable to shareholders decreased by 36.59% to 27.55 million yuan [2]. - Since its A-share listing, Huicheng Environmental has distributed a total of 85.27 million yuan in dividends, with 40.27 million yuan distributed over the past three years [2]. Shareholding Structure - As of September 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder with 1.4045 million shares, marking a new entry, while the Southern CSI 1000 ETF was the tenth largest circulating shareholder with 1.2554 million shares, also a new entry [2].

（编辑 王雪儿） 证券日报网讯 1月13日，惠城环保发布公告称，公司接到控股股东的一致行动人青岛惠城信德投资有限 公司的通知，获悉惠城信德持有本公司部分股份质押，本次质押股数3，100，000股，占其持股 20.45%。 ...