Group 1 - The company Wuhan Tianyuan (301127.SZ) announced a share buyback program, having repurchased a total of 4,568,880 shares as of August 31, 2025, which represents 0.68% of the total share capital [1] - The maximum purchase price for the shares was 16.945 yuan per share, while the minimum purchase price was 14.240 yuan per share [1] - The total amount spent on the share buyback was 72.1002 million yuan, excluding transaction fees [1]

Group 1 - The company Wuhan Tianyuan announced a share buyback of approximately 4.57 million shares, accounting for 0.68% of its total share capital as of August 31, 2025, with a total transaction amount of approximately 72.1 million RMB [1] - The highest transaction price during the buyback was 16.95 RMB per share, while the lowest was 14.24 RMB per share [1] - As of the report date, the market capitalization of Wuhan Tianyuan is 9.6 billion RMB [1] Group 2 - For the fiscal year 2024, the revenue composition of Wuhan Tianyuan is as follows: renewable environmental energy accounts for 59.6%, the environmental industry accounts for 40.24%, and other businesses account for 0.16% [1]

| 证券代码：301127 | 证券简称：武汉天源 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：123213 | 债券简称：天源转债 | | 武汉天源集团股份有限公司 关于股份回购进展情况的公告 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。 武汉天源集团股份有限公司（以下简称"公司"）于2025年4月24日分别召 开第六届董事会第十四次会议和第六届监事会第十次会议，审议并通过了《关 于回购公司股份方案的议案》。公司拟使用自有资金和股票回购专项贷款以集 中竞价交易方式回购部分公司已发行的人民币普通股（A股）股票，用于后期公 司实施股权激励或员工持股计划。在回购股份价格不超过人民币25.43元/股（含 本数）的条件下，按照本次回购金额上限人民币20,000万元进行测算，回购股 份数量约为7,864,726股，回购数量约占公司截至2025年3月31日总股本的1.22%； 按照本次回购金额下限人民币10,000万元进行测算，回购股份数量约为 3,932,364股，回购数量约占公司截至2025年3月31日总股本的0.61% ...

Group 1 - Wuhan Tianyuan's stock price dropped by 5.23% on August 27, with a trading volume of 219 million yuan. The financing buy-in amount was 27.4971 million yuan, while the financing repayment was 33.0325 million yuan, resulting in a net financing buy of -5.5355 million yuan. The total financing and securities balance reached 696 million yuan as of August 27 [1] - The financing balance of Wuhan Tianyuan is 696 million yuan, accounting for 7.04% of its circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high position [1] - On the same day, there were no shares sold or repaid in the securities lending market, with a securities lending balance of 0.00 yuan, also indicating a high position above the 70th percentile level over the past year [1] Group 2 - As of August 8, the number of shareholders of Wuhan Tianyuan reached 15,700, an increase of 1.21% from the previous period. The average circulating shares per person decreased by 1.20% to 42,429 shares [2] - For the first half of 2025, Wuhan Tianyuan achieved an operating income of 842 million yuan, representing a year-on-year growth of 4.17%. The net profit attributable to the parent company was 130 million yuan, with a year-on-year increase of 8.88% [2] Group 3 - Since its A-share listing, Wuhan Tianyuan has distributed a total of 175 million yuan in dividends, with 156 million yuan distributed over the past three years [3]

Core Viewpoint - Wuhan Tianyuan (301127) reported a revenue of 842 million yuan for the first half of 2025, reflecting a year-on-year increase of 4.17%, while the net profit attributable to shareholders reached 130 million yuan, up 8.88% year-on-year [1] Financial Performance - Total revenue for the second quarter was 532 million yuan, showing a decline of 6.07% year-on-year - Net profit for the second quarter was 80.21 million yuan, down 13.91% year-on-year - Accounts receivable increased significantly, with a year-on-year growth of 46.06% [1] Key Financial Metrics - Gross margin improved to 36.03%, up 5.85% year-on-year - Net margin increased to 15.23%, a rise of 2.07% year-on-year - Total selling, administrative, and financial expenses amounted to 83.37 million yuan, accounting for 9.9% of revenue, an increase of 2.88% year-on-year - Earnings per share decreased to 0.20 yuan, down 4.76% year-on-year, while operating cash flow per share improved to -0.29 yuan, an increase of 48.93% year-on-year [1] Business Evaluation - The company's return on invested capital (ROIC) was 7.94% last year, indicating average capital returns - Historical data shows a median ROIC of 9.08% since the company went public, with the lowest ROIC recorded at 4.59% in 2017 [3] Debt and Cash Flow Concerns - The company has a significant increase in interest-bearing liabilities, which rose by 75.34% year-on-year to 3.65 billion yuan - The average operating cash flow over the past three years is negative, raising concerns about liquidity and debt management [4] Fund Holdings - Several funds have newly entered the top ten shareholders of Wuhan Tianyuan, including Environment Governance LOF and Minsheng Jianyin Pengcheng Mixed A, indicating growing institutional interest [5]

Core Viewpoint - Wuhan Tianyuan (301127.SZ) reported a total operating revenue of 842 million yuan and a net profit attributable to shareholders of 130 million yuan for the first half of 2025, indicating challenges in cash flow and profitability [1][3]. Financial Performance - The company's operating revenue for the first half of 2025 was 842 million yuan, with a net profit of 130 million yuan [1]. - The net cash flow from operating activities was -195 million yuan, ranking 55th among disclosed peers [1]. - The diluted earnings per share were 0.20 yuan, a decrease of 0.01 yuan or 4.76% compared to the same period last year [4]. Profitability and Efficiency Metrics - The latest gross profit margin was 36.03%, down by 2.89 percentage points from the previous quarter [3]. - The return on equity (ROE) was 3.79%, a decrease of 0.67 percentage points year-on-year [3]. - The total asset turnover ratio was 0.10 times, ranking 33rd among peers, and decreased by 0.03 times or 23.92% year-on-year [4]. - The inventory turnover ratio was 8.44 times, down by 5.34 times or 38.75% compared to the same period last year [4]. Leverage and Shareholder Structure - The latest debt-to-asset ratio was 59.45%, ranking 38th among peers, with an increase of 4.91 percentage points from the previous quarter and 3.91 percentage points year-on-year [3]. - The number of shareholders was 15,200, with the top ten shareholders holding 360 million shares, accounting for 53.38% of the total share capital [4]. - The largest shareholder, Hubei Tianyuan Environmental Group Co., Ltd., held 29.76% of the shares [4].

Group 1 - Wuhan Tianyuan (SZ 301127) announced the 18th meeting of the sixth board of directors held on August 25, 2025, to review the "2025 Semi-Annual Report" and other documents [1] - For the year 2024, Wuhan Tianyuan's revenue composition is as follows: renewable environmental energy accounts for 59.6%, environmental industry accounts for 40.24%, and other businesses account for 0.16% [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to a surge in stock prices of related listed companies [1]

上市公司2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 公司负责人： 主管会计工作的负责人： 会计机构负责人： | 编制单位：武汉天源集团股份有限公司 | | 占用方与上市公司 | 上市公司核算的 | 2025年初占用资金余 | 2025年半年度占用累计 | 2025年半年度 | 2025年半年度偿还 | 2025年占用资金余 | | 金额单位：人民币元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 的关联关系 | 会计科目 | 额 | 发生金额（不含利息） | 占用资金的利 | 累计发生额 | 额 | 占用形成原因 | 占用性质 | | | | | | | | 息（如有） | | | | | | 控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小 计 | | | | | | | | | | | | 前控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小 计 | | | | | | | | | ...

| 证券代码：301127 | 证券简称：武汉天源 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：123213 | 债券简称：天源转债 | | 武汉天源集团股份有限公司 关于变更公司注册资本、修订《公司章程》并办理工商变更 登记及修订、制定公司相关治理制度的公告 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。 武汉天源集团股份有限公司（以下简称"公司"）2025年8月25日召开的第 六届董事会第十八次会议及第六届监事会第十四次会议，审议通过了《关于增 加公司注册资本、修订<公司章程>并办理工商变更登记的议案》《关于减少公 司注册资本、修订<公司章程>并办理工商变更登记的议案》《关于修订<公司章 程>并办理工商变更登记的议案》《关于修订及制定公司治理相关制度的议 案》，上述议案尚需提交公司2025年第一次临时股东会审议。现将具体情况公 告如下： 一、变更公司注册资本情况 （一）增加注册资本 经中国证券监督管理委员会《关于同意武汉天源环保股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕134 ...

武汉天源集团股份有限公司 董事、高级管理人员离职管理制度 第一章 总则 第一条 为规范武汉天源集团股份有限公司（以下简称"公司"）董事、高 级管理人员离职程序，保障公司治理稳定性及股东合法权益，根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简 称"《证券法》"）、《深圳证券交易所上市公司自律监管指引第2号——创业板 上市公司规范运作》等法律、法规、规章及规范性文件和《武汉天源集团股份有 限公司章程》（以下简称"《公司章程》"）的有关规定，制定本制度。 第二条 本制度适用于公司董事（含独立董事）及高级管理人员因任期届满、 辞任、辞职、被解除职务、退休或其他原因离职的情形。 第二章 离职情形与生效条件 第三条 公司董事和高级管理人员可以在任期届满以前辞任。董事辞任、高 级管理人员辞职应当提交书面报告。董事辞任的，自公司收到通知之日生效。 高级管理人员辞职的，自董事会收到辞职报告时生效。 第四条 出现以下情形的，在改选出的董事就任前，原董事仍应当按照有关 法律、法规、规章、规范性文件和《公司章程》的规定，履行董事职务，但相 关法规另有规定的除外： （一）董事任期届满未及时改 ...