格隆汇12月29日丨玉禾田(300815.SZ)公布，为满足日常经营和办公需要，玉禾田环境发展集团股份有 限公司全资子公司广州玉禾田环境发展有限公司（简称"广州玉禾田"）拟与公司实际控制人周平先生续 签两份《房屋租赁合同》，用于广州玉禾田日常办公使用。根据《房屋租赁合同》的租金和租赁期限约 定，两份租赁合同总金额共计人民币135.8064万元。 ...

证券代码：300815 证券简称：玉禾田 公告编号：2025-088 审计委员会：刘俏（独立董事、主任委员）、李国刚（董事）、甘毅（独立董 事） 审计委员会的任期与公司第四届董事会董事任期一致。 二、备查文件 公司第四届董事会 2025 年第七次会议决议 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。 玉禾田环境发展集团股份有限公司（以下简称"公司"）于2025年12月29日 召开了第四届董事会2025年第七次会议，审议通过了《关于调整董事会审计委员 会委员的议案》，现将具体情况公告如下： 一、本次调整情况 为进一步完善公司治理结构，根据《中华人民共和国公司法》等有关法律法 规的规定，结合公司实际情况，公司董事会拟对董事会审计委员会的委员进行部 分调整，调整后的成员如下： 玉禾田环境发展集团股份有限公司 关于调整董事会审计委员会委员的公告 特此公告。 玉禾田环境发展集团股份有限公司 董 事 会 二〇二五年十二月二十九日 ...

证券代码：300815 证券简称：玉禾田 公告编号：2025-086 玉禾田环境发展集团股份有限公司 第四届董事会 2025 年第七次会议决议公告 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。 一、董事会会议召开情况 玉禾田环境发展集团股份有限公司（以下简称"公司"）第四届董事会 2025 年第七次会议于 2025 年 12 月 29 日下午 15:00 以现场的方式召开。本次董事会 会议通知已于 2025 年 12 月 24 日以书面、电子邮件及电话等方式通知了全体董 事、高级管理人员。本次会议由董事长周平先生主持，会议应出席董事 7 名，实 际出席董事 7 名。本次会议的召集、召开和表决程序符合《公司法》和《公司章 程》的有关规定。 为满足日常经营和办公需要，公司全资子公司广州玉禾田环境发展有限公司 （简称"广州玉禾田"）拟与公司实际控制人周平先生续签两份《房屋租赁合同》， 用于广州玉禾田日常办公使用。根据《房屋租赁合同》的租金和租赁期限约定， 两份租赁合同总金额共计人民币 135.8064 万元。 周平先生为公司的实际控制人与董事长，且间接持有公司 5 ...

证券代码：300815 证券简称：玉禾田 公告编号：2025-087 玉禾田环境发展集团股份有限公司 关于全资子公司续签房屋租赁合同暨关联交易的公告 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、关联交易概述 为满足日常经营和办公需要，玉禾田环境发展集团股份有限公司（简称"公 司"）全资子公司广州玉禾田环境发展有限公司（简称"广州玉禾田"）拟与公司 实际控制人周平先生续签两份《房屋租赁合同》，用于广州玉禾田日常办公使用。 根据《房屋租赁合同》的租金和租赁期限约定，两份租赁合同总金额共计人民币 135.8064万元。 周平先生，男，1963年生，大专学历，中国籍，无境外永久居留权，现任公 司董事长及发展战略与ESG委员会主任委员。 周平先生是公司实际控制人与董事长，且间接持有公司5%以上股份，该关联 人符合《深圳证券交易所创业板股票上市规则》7.2.5 第（一）、（二）款规定的 1 / 4 周平先生为公司的实际控制人与董事长，且间接持有公司5%以上股份，为公 司的关联人，此次交易构成关联交易，但不构成《上市公司重大资产重组管理办 法》规定的重大资产重组，不 ...

证券代码：300815 证券简称：玉禾田 公告编号：2025-085 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： 关于对外担保的进展公告 截至本公告披露日，公司及控股子公司已审批的担保额度总金额超过最近一 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》。并分别于2025年8月20日、2025年9月8日召开的第四届董事会2025年第四 次会议、2025年第二次临时股东大会审议通过了《关于增加公司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88.8亿元的担保，担保额度有效期为自公司2025年第二次临时 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、202 ...

Core Viewpoint - Yuhua Tian's stock price has experienced fluctuations, with a year-to-date increase of 50.44%, but a recent decline in the last 60 days by 17.25% [1] Group 1: Stock Performance - On December 2, Yuhua Tian's stock fell by 2.01%, trading at 22.89 CNY per share, with a total market capitalization of 9.124 billion CNY [1] - The stock has seen a trading volume of 86.3868 million CNY, with a turnover rate of 0.96% [1] - Year-to-date, the stock has risen by 50.44%, with a 2.88% increase over the last five trading days, a 0.99% decrease over the last 20 days, and a 17.25% decline over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Yuhua Tian reported revenue of 5.640 billion CNY, reflecting a year-on-year growth of 7.96%, while net profit attributable to shareholders decreased by 13.03% to 431 million CNY [2] - The company has distributed a total of 676 million CNY in dividends since its A-share listing, with 419 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, Yuhua Tian had 37,600 shareholders, an increase of 5.14% from the previous period, with an average of 10,378 circulating shares per shareholder, a decrease of 4.89% [2] - Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 2.3744 million shares, an increase of 1.2537 million shares from the previous period [3] Group 4: Business Overview - Yuhua Tian is engaged in environmental sanitation management services, with its main business revenue composition being 85.86% from urban operations, 14.00% from property management, and 0.14% from other services [1]

Core Insights - The article highlights the launch of the new "Sunshine S300 multifunctional cleaning robot" by Shenzhen Yushu Intelligent Robot Co., Ltd., a subsidiary of Yuhua Tian (300815), at the 2025 Shenzhen (International) Urban Environment Industry Expo [2][3] - The Sunshine S300 is positioned as a "motorway-level cleaning expert," showcasing advanced performance and intelligent design in the field of autonomous cleaning technology [2][3] Product Features - The Sunshine S300 features a powerful cleaning system and utilizes advanced autonomous driving technology for high-precision automated cleaning operations, suitable for various road types [2] - It incorporates high-precision positioning and mapping, multi-sensor recognition technology, automatic path planning, and high-precision motion control, along with the ability to recognize traffic lights for autonomous driving decision-making [3] - The robot has a compact design with a 1.2m ultra-narrow body, a 900mm diameter large brush for thorough cleaning, and a suction power of 35,000 Pa, making it effective in handling common street debris [2][3] Intelligent Capabilities - The Sunshine S300 is built on a self-developed intelligent driving platform, achieving L4 level autonomous driving with reliable safety [3] - It employs a combination of multi-line laser radar and high-definition cameras for 360° environmental perception, enabling the robot to autonomously remember task progress and cleaning paths, as well as support breakpoint continuation of cleaning tasks [3] - The device utilizes AI visual recognition algorithms for precise traffic signal perception, ensuring compliance with traffic rules, and supports OTA online upgrades for continuous performance optimization [3] Market Positioning - The introduction of the Sunshine S300 is expected to enhance the efficiency and safety of sanitation operations, providing a systematic solution for urban management through intelligent and connected technologies [3] - The company plans to continue launching lighter models such as the Sunshine S100 autonomous cleaning vehicle and other products in the Sunshine series [3]

Investment Rating - The report maintains a "Strong Buy" rating for the utility sector, indicating a positive outlook for investment opportunities in this industry [3]. Core Insights - The utility sector has shown significant performance differentiation among its sub-sectors in the first three quarters of 2025, with the environmental protection segment demonstrating notable cash flow improvements [1][37]. - The report highlights the transition of thermal power from a reliance on electricity volume to a focus on capacity and regulation, enhancing profitability stability [2]. - The environmental sector's cash flow has improved significantly, particularly in solid waste and water management, driven by macroeconomic policy support and operational efficiency [38]. Summary by Sections 1. Utility Sector Overview - The utility sector achieved total revenue of CNY 16,911.85 billion in the first three quarters of 2025, a year-on-year decrease of 1.99%. The power sector's revenue was CNY 14,562.73 billion, down 2.21%, while the gas sector's revenue was CNY 2,349.12 billion, down 0.64% [15]. - The sector's net profit attributable to shareholders reached CNY 1,858.70 billion, a year-on-year increase of 3.39%, with the power sector's net profit at CNY 1,756.23 billion, up 3.90% [15]. 1.1 Thermal Power - The thermal power sector's revenue for the first three quarters was CNY 9,064.68 billion, down 3.08%, but net profit increased by 15.83% to CNY 711.23 billion due to reduced fuel costs [19]. - In Q3 2025, thermal power revenue was CNY 3,333.75 billion, with a net profit of CNY 270.72 billion, reflecting a year-on-year increase of 35.59% [19]. 1.2 Hydropower - Hydropower revenue for the first three quarters was CNY 1,487.60 billion, up 1.56%, with net profit at CNY 513.22 billion, an increase of 3.30% [21]. - Q3 2025 saw hydropower revenue of CNY 608.51 billion, with net profit of CNY 250.84 billion, reflecting a year-on-year decrease of 3.41% [21]. 1.3 Nuclear Power - Nuclear power revenue reached CNY 616.35 billion, up 8.16%, but net profit fell by 10.42% to CNY 80.02 billion due to market pressures [24]. - The total net electricity generation from nuclear power increased by 6.06% in the first three quarters [24]. 1.4 Renewable Energy - The wind power sector generated revenue of CNY 1,080.90 billion, down 2.34%, with net profit decreasing by 11.85% to CNY 220.31 billion [28]. - The solar power sector's revenue was CNY 261.04 billion, down 16.55%, but net profit increased by 55.77% to CNY 29.04 billion [32]. 1.5 Gas Sector - The gas sector's revenue was CNY 2,349.12 billion, down 0.64%, with net profit decreasing by 4.61% to CNY 102.47 billion due to weak demand [34]. 2. Environmental Protection Sector Overview - The environmental protection sector achieved total revenue of CNY 2,677.92 billion, up 3.28%, but net profit fell by 5.47% to CNY 244.73 billion [37]. - Cash flow in the solid waste management sector improved significantly, with operating cash flow reaching CNY 198.72 billion, a year-on-year increase of 28.94% [38]. 2.1 Solid Waste Management - Solid waste management revenue was CNY 1,166.97 billion, up 4.52%, with net profit slightly increasing to CNY 118.89 billion [39]. 2.2 Water Management - Water management revenue was CNY 852.02 billion, up 1.39%, but net profit decreased by 10.81% to CNY 107.18 billion [39].

南方财经11月28日电，玉禾田（300815.SZ）公告回复深圳证券交易所于2025年11月6日下发的《审核问 询函》关于报告期内经营活动现金流波动、应收账款大幅增长及周转率下降等问题。交易所重点关注公 司经营性现金流与盈利指标匹配性以及应收款项回收风险。玉禾田回复，2022年度、2023年度、2024年 度和2025年1-9月，公司经营活动产生的现金流量净额分别为37196.09万元、32800.87万元、36926.35万 元和52710.95万元。销售商品、提供劳务收到的现金分别为503169.65万元、567044.12万元、650228.87 万元和564983.89万元。公司称现金流入增长主要因中标大型市政项目及加强应收账款管理所致，客户 主要为地方政府单位，结算受财政状况影响存在波动。报告期各期末，公司应收账款账面价值分别为 227060.80万元、326617.92万元、421810.42万元和465977.94万元，占流动资产比例分别为58.22%、 64.04%、71.88%和72.56%。应收账款周转率分别为2.86次、2.23次、1.92次和1.70次，呈逐期下降趋 势。一年以内应收账 ...

Core Insights - Yuhua Tian, founded in 1997 by Zhou Ping, has evolved from a small team of six to a large enterprise with over 100,000 employees, expanding its services from property cleaning to a comprehensive range of urban public services across more than a hundred cities in China [1][6][12] - The company is recognized as a leader in the sanitation industry and has plans to expand internationally, aiming to become a top global environmental protection enterprise [6][12] Company Development - Yuhua Tian's growth trajectory reflects the entrepreneurial spirit of Shenzhen, where it began as one of the first private companies to engage in the marketization of sanitation services [4][6] - The company has implemented a five-year development plan since its inception, currently in its sixth phase, focusing on international market expansion and technological innovation [6][12] Social Responsibility - Yuhua Tian has demonstrated a strong commitment to social responsibility, providing disaster relief during the Tianjin port explosion and supporting communities during the COVID-19 pandemic [7][12] - The company's philosophy emphasizes environmental service as a means to enhance public welfare, aligning with its mission to improve urban living conditions [7][12] Technological Innovation - The company is undergoing a "second entrepreneurship" phase, focusing on digital transformation and smart sanitation services to adapt to technological advancements and changing market conditions [9][12] - Yuhua Tian has established a smart decision-making system and is investing in intelligent equipment manufacturing to enhance operational efficiency and service quality [12][13] Strategic Location - The decision to relocate the headquarters to Meilin, Shenzhen, is based on its strategic geographical advantages and favorable business environment, which are expected to attract high-end talent and foster innovation [10][11] - Meilin's rich industrial ecosystem and diverse AI scenarios provide a conducive environment for continuous training and rapid iteration of services [11][12]