Group 1 - The stock price of Jian Gong Xiu Fu (300958) has shown a fluctuating upward trend over the past seven trading days, with a cumulative increase of 2.31% and a price range fluctuation of 4.39%, closing at 14.20 yuan on February 12, 2026, up from an opening price of 13.79 yuan on February 6, 2026 [1] - The trading activity has been active, with the highest single-day turnover rate reaching 4.98% on February 6, indicating a high level of market interest [1] Group 2 - As of February 11, 2026, the company's financing balance stood at 59.33 million yuan, with a financing purchase amount of 2.49 million yuan, reflecting stable participation of financing funds [2] - The environmental protection sector, to which the company belongs, has shown stable performance, with the environmental governance sector index remaining relatively flat over the past five days [2] Group 3 - Recent industry analysis highlights the potential impact of urban renewal policies on the environmental sector, with GF Securities reporting on February 9 that urban renewal actions provide performance growth opportunities in the building materials and environmental sub-sectors [3] - Guojin Securities noted on February 10 that the timing of the Spring Festival has led to weak construction industry data, but the environmental sector may show resilience supported by policies [3]

Group 1 - Beijing Construction Environment Restoration Co., Ltd. (referred to as "Construction Restoration") successfully won the bid for the groundwater pollution control and remediation project in the Wanzhou Economic Development Zone, with a bid amount of 28.5889 million yuan [1] - The project is one of the 12 pilot parks for "pollution control and remediation of soil and groundwater in production enterprises and chemical parks nationwide," and it is the only pilot project selected in the Chongqing region [1] - The project will implement a comprehensive governance strategy of "source reduction + process reduction + dynamic assessment," including pollution source reduction engineering and the construction of groundwater drainage facilities, supported by a smart control platform utilizing IoT and AI for dynamic monitoring and intelligent analysis [1] Group 2 - The company has actively expanded its environmental service market for production parks, undertaking several representative projects, including the groundwater risk control project in the Shandong Ningyang Chemical Industrial Park, continuously accumulating practical experience in environmental remediation [2] - In the future, the company aims to leverage technological innovation and engineering practice to optimize service models, promoting the upgrade of environmental management in parks from "extensive" to "precise," facilitating the coordinated development of ecological, economic, and social benefits in various production parks [2]

Core Viewpoint - The successful implementation of the project will effectively eliminate environmental risks associated with long-term storage of phosphogypsum, improving the ecological environment in the region and providing a replicable governance model for similar historical environmental issues in Chongqing and the upper reaches of the Yangtze River [1][3]. Group 1: Project Details - Beijing Construction Environment Restoration Co., Ltd. (referred to as "the company") and Chongqing Foreign Construction (Group) Co., Ltd. formed a consortium and successfully won the bid for the comprehensive remediation project of the historical phosphogypsum dump site and surrounding environment in Qijiang District, Chongqing, with a bid amount of 48.1522 million yuan [3]. - This project is supported by the first batch of special long-term government bonds and is a key project for national funding, marking Chongqing's first comprehensive governance project for phosphogypsum [3]. Group 2: Company Strengths and Future Outlook - The company has actively responded to national policy directions, focusing on solid waste resource utilization, particularly in the field of phosphogypsum and industrial solid waste management, establishing comprehensive advantages in core processes, professional teams, technical equipment, disposal capacity, and market influence [1]. - With solid benchmark projects, considerable processing scale, innovative technical systems, and extensive market layout, the company has laid a solid performance foundation in the solid waste resource utilization sector [1]. - Looking ahead, the company will continue to deepen its solid waste resource utilization business and actively explore replicable and promotable solid waste governance and resource utilization models, contributing its solutions and efforts to regional environmental governance [1].

Market Performance - The environmental governance sector increased by 1.66% on February 3, with Sains leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Top Gainers in Environmental Governance Sector - The top-performing stocks included: - Sains (688480) with a closing price of 81.99, up 13.25% and a trading volume of 39,500 shares, totaling 313 million yuan [1] - Zhonglan Environmental (300854) at 23.62, up 7.46% with 63,300 shares traded, amounting to 148 million yuan [1] - Shanghai Xianba (603200) at 81.85, up 6.28% with 70,000 shares traded, totaling 560 million yuan [1] Decliners in Environmental Governance Sector - Notable decliners included: - Xuelang Environment (300385) at 11.34, down 1.99% with a trading volume of 250,700 shares, totaling 278 million yuan [2] - Guozhong Water (600187) at 2.12, down 1.85% with 973,700 shares traded, amounting to 206 million yuan [2] - Delinhai (688069) at 23.98, down 1.07% with 20,800 shares traded, totaling 50.4 million yuan [2] Capital Flow in Environmental Governance Sector - The environmental governance sector saw a net inflow of 130 million yuan from institutional investors, while retail investors experienced a net outflow of 54.53 million yuan [2] - The main stocks with significant capital inflow included: - Fuzhijie Technology (688335) with a net inflow of 52.43 million yuan, accounting for 13.68% of the total [3] - Huicheng Environmental (300779) with a net inflow of 36.99 million yuan, representing 7.20% [3] - Gaon Environment (603588) with a net inflow of 35.59 million yuan, making up 7.46% [3]

Group 1 - The company expects a negative net profit for the fiscal year 2025, with the performance forecast period from January 1, 2025, to December 31, 2025 [1] - The preliminary financial data for the performance forecast is based on the company's financial department's initial calculations and has not been audited by the accounting firm [2] - The company has strengthened its comprehensive screening of related business from various perspectives, leading to a decrease in revenue and profit due to lower project acceptance and performance compared to previous years [1] Group 2 - Despite a decrease in accounts receivable and contract assets, the company still maintains a high level, with impairment provisions continuing to negatively impact profit performance [1] - The company has improved its operating cash flow, reversing a negative trend that persisted for three years since 2022, due to enhanced collection efforts on accounts receivable [1]

Core Viewpoint - The company expects a net loss of 68 million to 88 million yuan for the fiscal year 2025, indicating a significant decline in profitability due to various operational challenges [1] Financial Performance - The anticipated net loss for 2025 is projected to be between 68 million and 88 million yuan, reflecting a downturn in financial performance compared to previous years [1] Operational Challenges - The company has strengthened its comprehensive screening of related business from multiple perspectives, including project funding sources, payment progress, project profitability, bidder creditworthiness, and business environment [1] - There has been a decrease in the acceptance and performance of related business compared to prior years, which has contributed to reduced revenue and profit [1]

Core Viewpoint - The company emphasizes the importance of investor feedback and suggestions, indicating a commitment to investor relations and engagement [1] Group 1 - The company, JianGong Repair (300958), actively responds to investor inquiries on its interactive platform [1] - The company values the suggestions from investors, highlighting its focus on maintaining strong communication with stakeholders [1]

Group 1 - Beijing Construction Environment Restoration Co., Ltd. (referred to as "the company") successfully won the bid for the soil pollution remediation project at the former Gedian Chemical Plant, with a contract amount of 137 million yuan [2] - The project is a key initiative in implementing the "Yangtze River Protection" strategy and aims to facilitate regional ecological transformation [2][3] - The company will utilize a combination of risk management and cement kiln collaborative disposal technology to establish a comprehensive remediation system [2] Group 2 - The project is crucial for maintaining the ecological protection red line of the Yangtze River Economic Belt and achieving high-quality regional development [3] - The company has established itself as a leader in the Hubei market, leveraging opportunities from the "Yangtze River Protection" strategy and has developed several benchmark projects in Wuhan and Huangshi [3] - Successful projects include the Wuhan Dye Factory, which was a pilot for heavy metal soil remediation, and the Huangshi industrial waste site, which represents a model for comprehensive soil pollution prevention [3]

Core Viewpoint - The State Council has issued the "Comprehensive Action Plan for Solid Waste Management" (referred to as "Solid Waste Ten Measures"), marking a new phase in systematic and comprehensive solid waste governance in China, focusing on reduction, resource utilization, and harmless treatment [2] Group 1: Company Response to National Policy - The company has actively responded to national policy directions by deeply engaging in the treatment of phosphogypsum, establishing a strong technical foundation and comprehensive service capabilities [2][3] - The company has implemented significant projects in various provinces, such as ecological restoration in Yunnan, effectively addressing the challenges of waste mine restoration and large-scale utilization of phosphogypsum [3] Group 2: Technological Innovation and Competitive Advantage - The company has focused on technological innovation, developing a series of phosphogypsum modification materials that meet national standards, thus overcoming key bottlenecks in resource utilization [4] - The company has developed the "Linlong No. 1" new type of phosphogypsum modification equipment, achieving breakthroughs in modularity and automation, significantly reducing construction costs and operational losses [4] Group 3: Industry Standards and Patents - The company has actively promoted industry standards, obtaining five authorized invention patents and participating in the formulation of local standards for ecological restoration using modified phosphogypsum, filling a gap in the domestic field [5] Group 4: National Expansion and Green Model Replication - The company has established a comprehensive integrated technology and management system for phosphogypsum modification, successfully implementing resource utilization projects in provinces like Hebei and Sichuan [6] - The company plans to continue aligning with national policy, enhancing technological research and model innovation to contribute to the construction of "waste-free cities" and ecological protection [6]

Group 1 - The Ministry of Industry and Information Technology and the Ministry of Ecology and Environment jointly released the "National Encouraged Major Environmental Protection Technology Equipment Catalog (2025 Edition)" which includes 115 major environmental protection technology equipment items [1] - The catalog aims to promote high-quality development of the environmental protection equipment manufacturing industry and provides solid equipment support for precise and scientific pollution control [1] - The company’s "in-situ gas heating thermal desorption technology equipment for organic pollution sites" was successfully included in the catalog, showcasing its leading strength in environmental technology innovation [1] Group 2 - The technology equipment offers multiple significant advantages such as high efficiency, low carbon emissions, safety, and cost-effectiveness, significantly improving the removal efficiency of target pollutants [2] - The integrated tail gas treatment system effectively controls gas emissions and reduces the risk of secondary pollution [2] - The technology has been successfully applied in soil remediation projects in various locations including Shandong, Zhengzhou, and Zhongshan [2] Group 3 - The inclusion in the national catalog signifies national-level recognition of the technology's advancement and applicability in "green remediation" and "precise remediation" [2] - The company has been driving the development of in-situ thermal desorption technology towards higher efficiency, cost-effectiveness, and safety through technological innovation [2] - The company plans to continue deepening technology research and equipment upgrades in line with national environmental protection strategic needs, contributing to the collaborative development of the environmental protection equipment industry chain [2]