证券代码：300815 证券简称：玉禾田 公告编号：2025-049 玉禾田环境发展集团股份有限公司 关于实际控制人之一致行动人减持股份预披露的公告 公司实际控制人之一致行动人周明先生保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 持有玉禾田环境发展集团股份有限公司（以下简称"公司""玉禾田"）股 份1,080,000股（占公司总股本的0.27%）的公司实际控制人之一致行动人周明先 生计划自本公告披露之日起15个交易日后的3个月内以集中竞价交易方式减持公 司股份数量不超过1,080,000股，占公司总股本的比例不超过0.27%。 若本公告披露之后公司发生送股、资本公积金转增股本等股份变动事项，上 述减持股份数量按照减持比例不变的原则进行相应调整。 公司于近日收到公司实际控制人之一致行动人周明先生出具的《股东股份 减持计划告知函》，现将有关情况公告如下： 一、股东的基本情况 （一）股东名称：周明。 （二）股东持有股份的数量： | 股东名称 | 性质 | 持有公司股份数量 | 持有公司股份占公司总 ...

Core Viewpoint - The actual controller of Yuhua Tian (300815), Mr. Zhou Ming, plans to reduce his shareholding in the company by no more than 1.08 million shares within three months after the announcement, representing up to 0.27% of the total share capital [1] Summary by Relevant Sections - Shareholding Reduction Plan - Mr. Zhou Ming intends to reduce his holdings through centralized bidding transactions [1] - The maximum number of shares to be sold is 1.08 million, which constitutes 0.27% of the company's total share capital [1] - Current Shareholding Status - Mr. Zhou Ming currently holds 1.08 million shares, equivalent to 0.27% of the total share capital [1]

Investment Rating - The report rates the environmental industry as "Overweight," indicating that the industry is expected to outperform the overall market [2][10]. Core Insights - Municipal water services are operating steadily, with some companies benefiting from strategic expansion and adjustments in sewage treatment pricing. However, the overall demand for sewage engineering is declining, leading to a forecasted slight decrease in engineering business [3]. - The waste incineration sector is stable, but performance varies among companies due to factors such as historical electricity revenue recognition and increased depreciation from new capacity. Major companies are expected to show varied net profit growth in Q1-Q2 2025 [3]. - The sanitation market remains stable, with no significant profit contribution from automation technologies yet. Major companies are expected to see steady net profit growth [3]. - Equipment performance is diverging due to different downstream impacts. Conventional equipment companies may face margin pressure, while power environmental equipment is benefiting from increased demand [3]. Summary by Category Municipal Water Services - Overall operations are stable, with net profit growth expected for major companies: Tianyuan Environmental (+50%), Xingrong Environment (+8%), and Hongcheng Environment (+4%) in Q1-Q2 2025 [3][4]. Waste Incineration - The sector is stable, with varied net profit growth: Huanlan Environment (+1%), Junxin Co. (+42%), Green Power (+25%), Chengfa Environment (+10%), and Yongxing Co. (+7%) [3][4]. Sanitation - The sanitation market is stable, with expected net profit growth for major companies: Yingfeng Environment (+5%) and Yuhua Tian (+7%) [3][4]. Equipment - Conventional equipment companies are facing competitive pressure, with expected declines in net profit growth: Jingjin Equipment (-15%). In contrast, power environmental equipment companies are seeing significant growth: Qingda Environmental (+359%) and water treatment equipment companies like Wotton Technology (+23%) [3][4]. Investment Recommendations - Municipal environmental companies are recommended for their stable profitability and improving cash flow, including Junxin Co., Huanlan Environment, Xingrong Environment, Green Power, Hongcheng Environment, Yongxing Co., Yuehai Investment, and Guangda Environment [3]. - Companies in the unmanned sanitation sector, such as Yingfeng Environment and Yuhua Tian, are recommended for their potential in digital transformation [3]. - SAF suppliers and raw material providers are highlighted for their growth potential due to EU policies [3]. - Wotton Technology is recommended for its ongoing import substitution in reverse osmosis membranes [3].

证券代码：300815 证券简称：玉禾田 公告编号：2025-048 玉禾田环境发展集团股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别风险提示： 截止本公告披露日，公司及控股子公司提供担保额度已超过公司最近一期经 审计净资产100%。敬请广大投资者充分关注担保风险。 一、担保情况概述 玉禾田环境发展集团股份有限公司（以下简称"玉禾田"或"公司"）分别 于2024年12月26日、2025年1月20日召开的第四届董事会2024年第五次会议、2025 年第一次临时股东大会审议通过了《关于公司2025年度对外提供担保额度预计的 议案》。公司为子公司、子公司为子公司向金融机构融资提供累计不超过人民币 78.8亿元的担保，担保额度有效期为自公司2025年第一次临时股东大会通过之日 起12个月。具体内容请详见公司于2024年12月27日、2025年1月20日在巨潮资讯网 （http://www.cninfo.com.cn）上披露的《关于公司2025年度对外提供担保额度预计 的公告》（公告编号：2024-096）、《公司2025年第 ...

Core Viewpoint - Embracing digital technology and artificial intelligence is essential for Yuhua Tian (stock code: 300815) to successfully transform into an AI-driven enterprise [1][2] Group 1: Company Strategy and Transformation - Yuhua Tian is leading the urban service sanitation industry in embracing intelligent transformation, with a strong commitment from Chairman Zhou Ping [1] - The company has established a strategic partnership with Zhiyuan Robotics, a domestic unicorn in embodied robotics, to enhance its technological capabilities [1][2] - Yuhua Tian aims to become a world-class comprehensive management and operation service provider for smart cities, with intelligent and robotic advancements being core to achieving this goal [2] Group 2: Industry Context and Collaboration - The collaboration between Yuhua Tian and Zhiyuan Robotics is expected to accelerate the application of embodied intelligence in smart city and urban service scenarios [2] - Yuhua Tian has built an intelligent industrial cluster with subsidiaries like Candela Intelligent, Yulong Drone, and Hechuang Intelligent, and has established a wholly-owned subsidiary, Yushu Intelligent Robotics, to consolidate its AI and robotics initiatives [2] - The partnership is seen as a significant step in Yuhua Tian's transition towards becoming a technology-oriented enterprise, marking 2025 as a pivotal year for its smart transformation and entry into robotics [2]

证券代码：300815 证券简称：玉禾田 公告编号：2025-047 玉禾田环境发展集团股份有限公司 全资子公司完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、公司全资子公司完成工商变更的说明 玉禾田环境发展集团股份有限公司（以下简称"公司"）全资子公司坎德拉 （深圳）智能科技有限公司（以下简称"坎德拉"）于 2025 年 6 月 19 日完成股 东变更，具体变更情况如下： | 主体 | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | --- | | 坎德拉（深圳）智 | 股东变更 | 玉禾田（深圳）智 | 深圳玉树智能机 | | 能科技有限公司 | | 慧科技投资有限 | 器人有限公司 | | | | 公司 | | 深圳玉树智能机器人有限公司（以下简称"玉树智能"）系公司全资子公司， 是公司切入高端智能装备及升级智能化服务的实体载体。玉树智能全资控股坎德 拉，意在吸收坎德拉在环卫机器人领域的技术与积累，通过技术整合推动传统城 市服务的智能化升级，进而强化玉树智能在无人环卫领域的解决方案能力，反哺 公司 ...

证券代码：300815 证券简称：玉禾田 公告编号：2025-046 玉禾田环境发展集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别风险提示： 截止本公告披露日，公司及控股子公司提供担保额度已超过公司最近一期经 审计净资产100%。敬请广大投资者充分关注担保风险。 一、担保情况概述 玉禾田环境发展集团股份有限公司（以下简称"玉禾田"或"公司"）分别 于2024年12月26日、2025年1月20日召开的第四届董事会2024年第五次会议、2025 年第一次临时股东大会审议通过了《关于公司2025年度对外提供担保额度预计的 议案》。公司为子公司、子公司为子公司向金融机构融资提供累计不超过人民币 78.8亿元的担保，担保额度有效期为自公司2025年第一次临时股东大会通过之日 起12个月。具体内容请详见公司于2024年12月27日、2025年1月20日在巨潮资讯网 （http://www.cninfo.com.cn）上披露的《关于公司2025年度对外提供担保额度预计 的公告》（公告编号：2024-096）、《公司2025年第一次临时股东大会决议公告 ...

Company Overview - The company hosted an investor communication event themed "Yuhua Future, Intelligent New Chapter" on June 16, 2025, from 15:00 to 18:00 [2] - Key executives present included the Chairman, General Manager, and various Vice Presidents and Directors [2] Financial Management - The company reported a total contract amount of over 500 billion, with more than 300 billion in pending contracts, ensuring future performance [6] - The management has established a systematic control mechanism for contract management, focusing on optimizing cash flow and minimizing risks [7] Accounts Receivable - The increase in accounts receivable is manageable and within controllable limits, with dedicated management teams for each project [3] - The company employs various strategies to safeguard cash flow, including equity financing, debt financing, and factoring [3] Technological Advancements - The company emphasizes "human-machine collaboration" in its smart sanitation transformation, aiming to enhance operational efficiency rather than merely reducing labor costs [4] - The Yuhua model is developed through a combination of joint research and independent innovation, focusing on the sanitation industry with a specialized knowledge base [4] Talent Strategy - The company plans to optimize its talent structure through a combination of internal development and external recruitment to support strategic growth [5] - Continuous improvement in governance structure and incentive mechanisms is part of the strategy to enhance market recognition of the company's value [5] Contract Management - The company has implemented differentiated management strategies for projects with varying contract durations to optimize cash flow [6] - A special repayment group is established for key projects, linking management performance directly to repayment outcomes [7]

Investment Rating - The report suggests a "Buy" rating for the coal sector, indicating an expected increase in the sector's performance exceeding the market by over 15% in the next 3-6 months [68]. Core Insights - The coal market is currently experiencing a "weak balance under multi-directional competition," with supply tightening providing support for coal prices, while high inventory and clean energy alternatives suppress price rebounds [60][66]. - The report highlights the importance of the newly operational Hami North-Chongqing ±800 kV UHVDC project, which is expected to enhance the transmission of green electricity, with an annual delivery capacity of over 36 billion kWh [37][33]. - The report emphasizes the need for companies in the power generation sector to focus on regions with tight supply-demand dynamics and favorable competitive landscapes, particularly recommending companies like Huadian International and Anhui Energy [3][66]. Summary by Sections Market Review - The Shanghai Composite Index fell by 0.25%, while the ChiNext Index rose by 0.22% during the week [10]. - The carbon neutrality sector saw a slight increase of 0.15%, while the environmental protection sector declined by 1.15% [10]. Industry Data Tracking - Coal prices are under pressure due to high inventory levels and weak demand, with the CECI coastal index remaining stable [4][46]. - The report notes that the average price of Qinhuangdao thermal coal was 610 yuan/ton, showing a slight decrease of 0.16% [46]. Industry News - The China Electricity Council reported a significant drop in coal-fired power generation and consumption, with a year-on-year decrease exceeding 10% [4][59]. - The National Development and Reform Commission is focusing on supporting private enterprises in technological innovation, which is expected to enhance the overall industry landscape [4][61]. Investment Recommendations - The report recommends focusing on leading companies in various sectors: Anhui Energy and Huadian International in thermal power, Yangtze Power in hydropower, and Longyuan Power in renewable energy [3][66]. - The environmental sector is advised to consider urban comprehensive operation management service providers like Yuhua Tian [66].

证券代码：300815 证券简称：玉禾田 公告编号：2025-045 一、股东股份质押及解除质押的基本情况 玉禾田环境发展集团股份有限公司（以下简称"公司"）近日接到公司控股 股东西藏天之润投资管理有限公司（以下简称"西藏天之润"）的通知，获悉其 所持有的部分公司股份办理了质押展期的手续，具体事项如下： （二）股东股份累计质押情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： 股东名称 是 否 为 控 股 股 东 或 第 一 大 股 东 及 其 一致行动人 本次质押 数量（股） 占其所 持股份 比例（%） 占公司总 股本比例 （%） 是 否 为 限 售股 是 否 为 补 充 质 押 质押起始 日 原质押到 期日 展期后质 押到期日 质权人 质押 用途 西藏天之润 是 8,800,000 4.61 2.21 否 否 2024年4 月18日 2025年6 月16日 2026年6 月16日 招商证 券股份 有限公 司 企业 实体 经营 西藏天之润 是 12,000,00 0 6.28 3.01 否 否 2024年6 月19日 2025年6 月19日 2026年6 月19日 中信证 券股份 有限公 司 ...