证券代码：301109 证券简称：军信股份 公告编号：2026-007 湖南军信环保股份有限公司 关于签订吉尔吉斯共和国伊塞克湖州垃圾科技处置项目 投资协议的公告 2、本项目若顺利实施，将是继 2024 年公司成功获得吉尔吉斯共和国比什凯克市垃圾科 技处置发电项目（规划垃圾处理规模 3000 吨/日）特许经营权、2025 年成功签署吉尔吉斯 共和国奥什市垃圾科技处置项目（垃圾处理规模 2000 吨/日）框架协议以及哈萨克斯坦共和 国阿拉木图市固废科技处置发电项目（垃圾处理规模 2000 吨/日）投资协议后，在海外市场 拓展方面取得的又一重大成果，有助于扩大公司海外固废处理及绿色能源业务版图，在国内 市场相对饱和、竞争激烈的市场环境中找到新的突破口，为公司提供新的业绩增长点，增强 公司的盈利能力和核心竞争力。 7、本投资协议为双方推进后续工作的前提和基础，项目具体实施过程中可能受到地缘 政治、项目实施地政府政策变化、国际环境变化以及其他不可抗力因素等影响，从而导致投 资损失或不达预期，对公司本年度及后续年度的财务状况和经营成果的影响存在一定的不确 定性。敬请广大投资者注意投资风险。 3、本项目垃圾处理规模总体规 ...

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment for renewable energy and gas companies [2][3]. Core Insights - The report highlights a slight increase in overall power generation in 2025, primarily driven by wind and solar energy contributions, while traditional coal power generation shows a decline [8][9]. - The extreme cold weather in the U.S. has led to a significant spike in natural gas prices due to increased demand and supply constraints [18][22]. - The report suggests various investment opportunities across different segments of the energy sector, including coal power, hydropower, nuclear power, renewable energy, and gas companies [18][43]. Summary by Sections 1. Power Generation - In December 2025, total power generation was 858.6 billion kWh, a year-on-year increase of 0.1%. Coal power generation decreased by 3.2%, while renewable sources like wind and solar saw significant growth [10][11]. - For the entire year of 2025, total power generation reached 9715.9 billion kWh, up 2.2% from the previous year, with coal power down by 1.0% and solar power up by 24.4% [15][19]. 2. Natural Gas - As of January 23, 2026, the Henry Hub spot price surged to $30.72/mmBtu, reflecting a week-on-week increase of 903.53%. European gas prices also rose significantly due to low inventory levels and increased demand [20][28]. - The report notes that the extreme cold weather has tightened supply and demand dynamics, leading to higher global gas prices, particularly in Europe and Northeast Asia [22][37]. 3. Investment Recommendations - For coal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their integrated coal and power operations [18]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are favored due to favorable conditions for energy storage and reduced capital expenditures [19]. - Nuclear power companies like China National Nuclear Power and China General Nuclear Power are highlighted for their stable cost structures and growth potential [18]. - Renewable energy operators such as Xinte Energy and Longyuan Power are recommended as new market rules enhance the stability of returns [18]. - Gas companies like Kunlun Energy and New Hope Liuhe are suggested for their potential recovery in profitability due to cost reductions and improved pricing mechanisms [43].

Group 1 - The core viewpoint of the news is that Junxin Co., Ltd. has shown significant financial performance and market activity, with a notable increase in revenue and net profit year-on-year [2][3] - On January 22, Junxin's stock price increased by 0.70%, with a trading volume of 135 million yuan, indicating active market participation [1] - The financing data shows that on January 22, Junxin had a financing buy amount of 15.25 million yuan and a net financing buy of -484,300 yuan, reflecting a high financing balance of 164 million yuan, which is 4.07% of its market capitalization [1] Group 2 - Junxin's main business includes waste incineration power generation, sludge disposal, leachate treatment, and landfill operations, with the largest revenue contributions coming from waste incineration and power generation at 26.68% [2] - As of September 30, the company reported a revenue of 2.163 billion yuan for the first nine months of 2025, representing a year-on-year growth of 23.21%, and a net profit of 605 million yuan, up 48.69% year-on-year [2] - The company has distributed a total of 1.349 billion yuan in dividends since its A-share listing, with 1.245 billion yuan distributed in the last three years [3]

1月22日，骏成科技跌0.63%，成交额5171.75万元。两融数据显示，当日骏成科技获融资买入额545.81 万元，融资偿还569.41万元，融资净买入-23.60万元。截至1月22日，骏成科技融资融券余额合计 5325.76万元。 融资方面，骏成科技当日融资买入545.81万元。当前融资余额5325.76万元，占流通市值的1.56%，融资 余额低于近一年10%分位水平，处于低位。 融券方面，骏成科技1月22日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 截至1月20日，骏成科技股东户数7863.00，较上期减少2.47%；人均流通股12986股，较上期增加 2.53%。2025年1月-9月，骏成科技实现营业收入6.87亿元，同比增长13.89%；归母净利润7880.44万元， 同比增长0.88%。 分红方面，骏成科技A股上市后累计派现1.35亿元。近三年，累计派现1.13亿元。 机构持仓方面，截止2025年9月30日，骏成科技十大流通股东中，博道成长智航股票A（013641）位居 第五大流通股东 ...

Shareholder Reduction Plans - Junchen Technology's shareholder Junchen Partnership plans to reduce its stake by no more than 2.94% [1] - Wuchan Jinlun's shareholder Jinlun Holdings intends to reduce its stake by no more than 3% [1] - Haiguang Information's major shareholder Blue Ocean Lightboat Partnership plans to reduce its stake by no more than 0.50% [1] - Boyun New Materials' shareholder Gao Chuang Investment plans to reduce its stake by no more than 1% [1] - Green Alliance Technology's shareholder Cyber Security Fund plans to reduce its stake by no more than 3% [1] - Te Fa Service's shareholder Yinkun Company plans to reduce its stake by no more than 3% [1] - Mengcao Ecology's actual controller Wang Zhaoming plans to reduce his stake by no more than 2.3311% [1] - Huatu Shanding's shareholder Che Lu plans to reduce his stake by no more than 3% [1] - Heshun Electric's shareholder Shen Xin plans to reduce his stake by no more than 2.5% [1] - Ruihua Tai's shareholder Ju Yao Kun plans to reduce his stake by no more than 540,000 shares [1] - Luokai Co., Ltd.'s shareholders Luohui Investment, Luoteng Investment, and Luosheng Investment plan to reduce their total stake by 378,030 shares [1] - Zhongke Feice's shareholder Guotou Chuangye Fund plans to reduce its stake by 234,870 shares [1] - Tuo Jing Technology's shareholder National Integrated Circuit Fund has already reduced its stake by 297,760 shares [1] Other Significant Developments - *ST Biology has terminated its major asset restructuring plan [1] - *ST Biology's stock may face delisting [1]

Group 1 - The company, Jun Cheng Technology, reported that as of January 20, 2026, the number of shareholders is 7,863 [2]

Investment Rating - The report maintains a rating of "Buy" for the environmental protection industry [1] Core Insights - The environmental protection industry, particularly in waste incineration, is poised for significant growth, especially in overseas markets such as Southeast Asia and Central Asia, driven by high processing fees and electricity prices [5][10] - The investment potential in the ASEAN countries and India for waste incineration is estimated at approximately 250 billion RMB, with a daily waste incineration capacity increase of about 500,000 tons [5][11] - The profitability of overseas projects, particularly in Indonesia, is enhanced by favorable policies and high revenue from electricity sales, with projected single-ton income significantly higher than domestic projects [19][20] Summary by Sections 1. Waste Incineration Growth and Overseas Market Potential - The ASEAN countries and India are expected to generate a daily waste production of 1.46 million tons by 2024, with a potential waste incineration market space of 248.5 billion RMB if the incineration penetration rate reaches 50% [5][11] - Several domestic waste incineration companies, such as Kangheng Environment and China Tianying, are expanding their operations in Southeast Asia and Central Asia, with significant project footprints established [15][16] 2. Indonesian Policy Driving Business Model Optimization - Indonesia's recent policy changes have shifted the revenue model from local government subsidies to direct agreements with the national electricity company, significantly increasing the electricity price to 0.20 USD per kWh [24][25] - The government plans to construct 33 waste incineration plants nationwide, with a total investment of approximately 5.6 billion USD, indicating a strong commitment to developing the waste-to-energy sector [24][25] 3. Economic Assessment of Indonesian Waste Incineration Projects - Economic assessments show that the single-ton income from Indonesian projects can reach 582 RMB, significantly higher than domestic projects, driven by high processing fees and electricity prices [19][20][31] - The report highlights the sensitivity of project profitability to cost management, with potential increases in return on equity (ROE) if investment and operational costs are optimized [27][28]

每经AI快讯，骏成科技1月22日晚间发布公告称，江苏骏成电子科技股份有限公司持股5%以上股东泰安 骏成投资合伙企业（有限合伙）持有公司股份约2738万股（占公司总股本比例为26.81%）。骏成合伙 计划在本减持计划公告之日起十五个交易日后的三个月内（即2026年2月13日至2026年5月12日）以集中 竞价、大宗交易的方式减持公司股份不超过300万股。 每经头条（nbdtoutiao）——地方国资开始"抄底"法拍房！单价六七千元"扫货"广州南沙区超60套房 源，同小区二手房挂牌均价逾2万元 （记者 曾健辉） ...

证券代码：301109 证券简称：军信股份 公告编号：2026-006 湖南军信环保股份有限公司 关于使用闲置募集资金及自有资金进行现金管理到期赎回的公告 | 委托方 | 受托方 | 产品 | 产品 | 购买金额 | 起息日 | 到期日 | 资金 | 产品 收益 | 收益 金额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 名称 | 性质 | （万元） | | | 来源 | 率 | （元） | | | | 中国工商银 | | | | | | | | | | 中国工商银 | 行区间累计 型法人人民 | | | | | | | | | | 行股份有限 | | | | | | 募集 | | | | 公司 | 公司长沙芙 | 币结构性存 | 保本浮动 收益型 | 8,000 | 2025/12/12 | 2026/01/21 | | 0.97% | 85,041.10 | | | 蓉支行 | 款产品-专户 | | | | | 资金 | | | | | | 型2025年第 | | | | | | | | | | | 392期C ...

Investment Rating - The report maintains a positive outlook on the power and gas sectors, recommending various companies within these industries for investment opportunities [1]. Core Insights - The report highlights that China's total electricity consumption is projected to exceed 10 trillion kWh in 2025, reaching 10.4 trillion kWh, with a year-on-year growth of 5% [7][8]. - The growth in electricity consumption is driven primarily by the secondary and tertiary industries, which together contribute nearly 80% of the total increase in electricity demand [8]. - The report notes significant growth in electricity consumption from high-end manufacturing, digital economy, and new infrastructure projects, such as charging stations and 5G base stations, which are expected to see growth rates exceeding 30% [8]. Summary by Sections 1. Electricity Sector - In 2025, the total electricity consumption is expected to reach 10.4 trillion kWh, with a 5% year-on-year increase. The first, second, and third industries, along with urban and rural residential electricity consumption, are projected to grow by 9.9%, 3.7%, 8.2%, and 6.3% respectively [7][9]. - The second industry remains the largest consumer of electricity, contributing 48% to the growth, while the third industry contributes 31% [9][13]. - The report recommends investments in coal-fired power companies like Guodian Power and Inner Mongolia Huadian, as well as large hydropower companies such as Yangtze Power and State Power Investment [15][16]. 2. Gas Sector - The report indicates that colder temperatures are expected to increase heating demand, leading to a rebound in gas prices across Europe and Asia. As of January 16, the Henry Hub spot price was $3.06/mmBtu, with a weekly increase of 6.77% [17][24]. - The report highlights that European gas prices have surged due to low inventory levels and increased heating demand, with the TTF spot price reaching €38.10/MWh, up 31.38% week-on-week [17][24]. - Recommendations include investing in integrated gas companies like Kunlun Energy and New Hope Energy, as well as gas trading companies like New Hope and New Energy [38]. 3. Market Performance - The report notes that the public utility, power, and environmental sectors outperformed the Shanghai and Shenzhen 300 index during the week of January 12 to January 16, 2026 [40]. 4. Company and Industry Dynamics - Recent initiatives in various provinces aim to enhance green energy and environmental standards, including the establishment of green mining standards in Guangxi and guidelines for industrial microgrid construction [46][47]. - The report also mentions significant corporate announcements, including mergers and acquisitions in the energy sector, which may impact market dynamics [50].