Group 1 - The stock price of Zhongke Environmental on July 31 closed at 5.39 yuan, down 0.11 yuan, representing a decline of 2.00% from the previous trading day [1] - The trading volume on that day was 227,961 hands, with a transaction amount of 1.24 billion yuan [1] - Zhongke Environmental operates in the environmental protection industry, focusing on waste incineration power generation and biomass energy utilization, employing a "combined heat and power" model for resource recycling [1] Group 2 - According to the company's performance report, in the first half of 2025, it achieved operating revenue of 848 million yuan, a year-on-year increase of 4.48%, and a net profit of 196 million yuan, a year-on-year increase of 19.83% [1] - The company plans to disclose its semi-annual report on August 13, 2025 [1] - On July 31, the net outflow of main funds for Zhongke Environmental was 14.23 million yuan, accounting for 0.42% of the circulating market value [1]

作者：子超@宠业家 编辑注：自2019年起，宠业家便持续以半年为周期，为读者梳理宠物行业的重要动态与趋势。如今2025年已悄然过半，站在这个承上启下的时间节点，我 们特别为读者精心整理了上半年宠物行业那些值得关注的事件。 头部企业通过横向并购或垂直整合扩大市场份额，资本加速涌入宠物赛道。宁波贝安生物收购新兴品牌Needcat、天元宠物并购B2B平台【它品】及淘通 科技、海南发展收购杭州网营科技、中宠股份收购佳实农业； 3、产业链全球化布局 国内企业积极出海，通过海外设厂或市场拓展应对关税压力，提升国际竞争力。上半年依依股份在柬埔寨设厂、天元宠物投建柬埔寨基地、科奈尔（中 国）越南建厂、海正动保驱虫药登陆越南市场、中誉宠食官宣建设中东宠食工厂。 4、政策与标准持续完善 1、展会并购与合作火热 行业展会通过并购或合作整合资源，提升规模与影响力，反映宠物经济专业化、集中化趋势。上半年TOPS它博会母公司上海它布斯展览有限公司与成都 宠博会母公司天一智讯文化传播成都有限公司达成战略合作、东西部小动物临床兽医师大会母公司被法国智奥会展集团收购 2、企业加速并购与资本运作 政策从国家标准到地方扶持多维度推进，为行业规范化 ...

Core Insights - The report highlights the significant role of CFOs in listed companies, with the total salary scale for CFOs in A-share companies reaching 4.27 billion yuan in 2024, averaging 814,800 yuan per year [1] - In the environmental industry, the average CFO salary is reported at 8.77 million yuan, with a notable distribution where 45% of CFOs earn between 300,000 to 650,000 yuan [1][10] - Deepwater Haina's CFO has the highest salary in the industry at 2.44 million yuan, despite concerns regarding the company's financial quality [3][4] Salary Distribution - The salary distribution in the environmental sector shows that 45% of CFOs earn between 300,000 to 650,000 yuan, while only 12% earn over 1 million yuan [1][10] - Companies like Jinyuan and Zhejiang Fu Holdings have CFOs with salaries exceeding 1 million yuan, but both have faced regulatory penalties due to financial quality issues [5][6] Regulatory Issues - Deepwater Haina has been flagged for several violations, including inadequate bad debt provisions and inaccurate revenue cost accounting, which do not comply with accounting standards [4] - Zhejiang Fu Holdings received a warning for failing to disclose related party transactions accurately, leading to regulatory scrutiny [6] - Jinyuan Holdings is under investigation for non-operating fund occupation, which constituted 8.36% of its audited net assets, highlighting serious compliance failures [7][9] Age and Education Distribution - In the environmental sector, 48% of CFOs are aged between 40 to 49 years, while 34% are between 50 to 59 years [10] - The educational background of CFOs shows that 59% hold a bachelor's degree, and 30% have a master's degree, with some CFOs having only an associate degree [12][14]

| 代码 | 简称 | 营业总收入（万 | 同比 | 净利润（万 | 净利润同比 | 半年报预约披露日 | | --- | --- | --- | --- | --- | --- | --- | | | | 元） | （%） | 元） | （%） | 期 | | 300824 | 北鼎股 份 | 43180.69 | 34.05 | 5582.88 | 74.92 | 2025.08.08 | | 301175 | 中科环 保 | 84819.96 | 4.48 | 19626.40 | 19.83 | 2025.08.13 | 北鼎股份预计2025年上半年实现营业收入4.32亿元，同比增长34.05%，实现净利润5582.88万元，同比 增长74.92%，基本每股收益为0.1721元，加权平均净资产收益率为7.83%。 中科环保预计2025年上半年实现营业收入8.48亿元，同比增长4.48%，实现净利润1.96亿元，同比增长 19.83%，基本每股收益为0.1333元，加权平均净资产收益率为5.37%。（数据宝） 创业板公司业绩快报 证券时报·数据宝统计，截至7月31日，共2家创业板公司发布了2025年上半 ...

证券代码：301175 证券简称：中科环保 公告编号：2025-101 本公告所载 2025 年半年度的财务数据仅为初步核算数据，未经会计师事务 所审计，与半年度报告中披露的最终数据可能存在差异，请投资者注意投资风险。 一、2025 年半年度主要财务数据和指标 | | | 单位：人民币万元 | | | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | | 增减变动幅度 | | 营业总收入 | 84,819.96 | 81,184.17 | 4.48% | | | 营业利润 | 24,198.74 | 20,768.10 | 16.52% | | | 利润总额 | 24,156.76 | 20,614.80 | 17.18% | | | 归属于上市公司股东的净利润 | | 19,626.40 | 16,379.21 | 19.83% | | 扣除非经常性损益后的归属于上市公 | | | | | | 司股东的净利润 | | | | | | 基本每股收益（元） | | 0.1333 | 0.1113 | 19.77% | | 加权平均净资产收益率 | | 5. ...

Group 1: Company Performance - WuXi AppTec reported a net profit of 8.561 billion yuan for the first half of the year, a year-on-year increase of 101.92% [1] - The company's revenue for the first half reached 20.799 billion yuan, reflecting a growth of 20.64% year-on-year [1] - WuXi AppTec plans to distribute a cash dividend of 3.5 yuan per share to all shareholders [1] - The company has revised its revenue forecast for the full year to between 42.5 billion and 43.5 billion yuan [1] - SANY Heavy Industry plans to issue non-financial corporate debt financing tools not exceeding 20 billion yuan to optimize its financing structure [1] Group 2: Film Industry Impact - Happiness Blue Sea announced that the film "Nanjing Photo Studio" has surpassed 412 million yuan in cumulative box office, exceeding 50% of the company's audited revenue for the most recent fiscal year [2] - The film's impact on the company's revenue is currently negligible as it is still in theaters [2] Group 3: Corporate Actions - Zhonghua Equipment plans to issue shares to acquire 100% equity of two companies, marking a significant asset restructuring [2] - Dahua Intelligent is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure [3] - Shiming Technology's actual controller and chairman has been placed under detention due to personal matters unrelated to the company [4] Group 4: Financial Performance - Ju Chen Co. reported a net profit growth of 43.5% for the first half of the year [6] - Qizheng Tibetan Medicine's net profit increased by 9.94% year-on-year [6] - China Minmetals' new contract value decreased by 19.1% year-on-year [6] - Huicheng Environmental's net profit declined by 85.63% year-on-year [6] Group 5: Mergers and Acquisitions - Kaishan Holdings plans to acquire a minority stake in SMGP for 3 million USD [6] - Zhonghua International intends to purchase 100% equity of Nantong Xingchen Composite Materials Co., Ltd. [6] - Xiangdian Co. plans to acquire a 12.5% stake in Tongda Electromagnetic Energy for 208 million yuan [6]

Group 1: Suspension and Resumption of Trading - Sinochem International plans to acquire 100% equity of Nantong Xingchen from Bluestar Group through share issuance, leading to the resumption of its stock trading [1] Group 2: Mergers and Acquisitions - Xuefeng Technology intends to acquire 51% equity of Shengshi Putian for 154 million yuan [2] Group 3: Investment Cooperation and Operational Status - Hengshuai Co., Ltd. has adopted harmonic magnetic field motor technology to provide customized solutions in the humanoid robot field [3] - Fuchun Dyeing and Weaving focuses on new business applications of PEEK, including semiconductor, medical devices, and lightweight solutions for humanoid robots [3] - Jingsong Intelligent is progressing as planned in the development of its first-generation wheeled humanoid robot product [3] - Annoqi's production project for 30,000 tons of dye intermediates in Yantai is expected to be operational by December 31, 2025 [3] - Fosun Pharma signed a licensing agreement with Newco for the development rights of the AR1001 drug in China [4] - Sanxiang New Materials' subsidiary Liaoning Huaxiang plans to invest no more than 300 million yuan in a zirconium-hafnium separation project [5] - Shandong Gold's Shanjin International plans to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange [6] - Hengxin Life intends to invest 505 million yuan in the construction of a biodegradable product production base [7] - Zoomlion has won bids in ongoing projects for hydropower in Yaxi [8] - Huhua Co., Ltd. plans to raise no more than 586 million yuan through a private placement, with net proceeds allocated to various projects including the automation and information transformation of civil explosive production lines [8] Group 4: Performance Changes - WuXi AppTec's net profit for the first half of 2025 is projected to be 8.561 billion yuan, a year-on-year increase of 101.92%, with a focus on CRDMO core business [9] - Jucheng Co., Ltd. expects a net profit of 205 million yuan for the first half of 2025, a year-on-year increase of 43.5%, driven by the growing demand for DDR5 memory modules [9] - Zhongke Environmental's net profit for the first half of 2025 is projected to be 196 million yuan, a year-on-year increase of 19.83%, supported by expanded waste treatment and heating markets [9] - Zhongke Sanhuan's net profit for the first half of 2025 is expected to be 43.9931 million yuan, a year-on-year increase of 160.82% [10]

Group 1 - Changhua Group received a product purchase contract for carbon-ceramic brake discs, with a total sales amount expected to exceed 100 million yuan over a 5-year lifecycle, starting mass production in Q2 2026 [1] - Zhongke Environmental reported a net profit of 196 million yuan for the first half of 2025, a year-on-year increase of 19.83%, with revenue of 848 million yuan, up 4.48% [1] - WuXi AppTec's net profit for the first half of 2025 grew by 101.92% to 8.561 billion yuan, with revenue of 20.799 billion yuan, a 20.64% increase [1][2] - Sujiao Technology's net profit decreased by 39.54% to 95.39 million yuan, with revenue down 13.75% to 1.776 billion yuan [1] - Jucheng Co. reported a net profit of 205 million yuan, a significant increase of 43.5%, with revenue of 575 million yuan, up 11.69% [1] Group 2 - Sanxiang New Materials plans to invest up to 300 million yuan in a zirconium-hafnium separation project, with a production capacity of 20,000 tons [1] - Koweil received government subsidies totaling 4.9752 million yuan, accounting for 10.14% of its audited net profit [1] - Xinhua Medical obtained two Class II medical device registration certificates for digital X-ray machines [1] - Huanxu Electronics reported a net profit of 638 million yuan, down 18.66%, with total revenue of 27.214 billion yuan, a slight decrease of 0.63% [1] - Zhenhua Co.'s general manager was fined 100,000 yuan for violations related to stock trading by his child [1] Group 3 - Huafeng Aluminum signed a raw material purchase contract worth over 7.2 billion yuan for a five-year period, committing to purchase at least 360,000 tons of raw materials [1] - Hongxin Technology received a project designation letter and procurement contract from a major domestic automotive brand [1] - Meihe Co. obtained a patent for a device used in supporting automatic flipping on conveyor lines in the automotive manufacturing sector [1] - Xin Hongye's subsidiary won a bid for an electrical penetration project worth 40.8831 million yuan [1] - Fuan Pharmaceutical's subsidiary received a drug registration certificate for an injection used in liver disease treatment [1] Group 4 - Tianzhong Precision's subsidiary's bankruptcy liquidation application was accepted by the court due to insufficient assets to cover debts [1] - Zhonghong Medical's subsidiary received medical device registration for infusion pumps and information collection systems [1] - Keda Li's subsidiary completed a capital increase, raising its registered capital from 200 million yuan to 400 million yuan [1] - Xingye Technology applied for a credit limit of 372 million yuan from Guangfa Bank [1] - Hengrui Medicine signed a collaboration agreement with GSK, involving a potential total payment of approximately 12 billion USD based on project milestones [1]

[Major Financial Data and Indicators](index=1&type=section&id=%E4%B8%80%E3%80%812025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E6%8C%87%E6%A0%87) The company achieved steady performance growth in the first half of 2025, with total operating revenue reaching **CNY 848.20 million**, a **4.48% year-over-year increase**, and net profit attributable to shareholders of **CNY 196.26 million**, up **19.83%**; total assets increased to **CNY 7.99 billion** at period-end, maintaining a stable financial position; all data are preliminary and unaudited Key Financial Data and Indicators | Item | Current Period | Prior Year Same Period | Change (%) | | :--- | :--- | :--- | :--- | | **Total Operating Revenue (million CNY)** | 848.20 | 811.84 | 4.48% | | **Operating Profit (million CNY)** | 241.99 | 207.68 | 16.52% | | **Net Profit Attributable to Shareholders (million CNY)** | 196.26 | 163.79 | 19.83% | | **Basic Earnings Per Share (CNY)** | 0.1333 | 0.1113 | 19.77% | | **Item** | **End of Current Period** | **Beginning of Current Period** | **Change (%)** | | **Total Assets (billion CNY)** | 7.99 | 7.49 | 6.69% | | **Shareholders' Equity Attributable to Parent (billion CNY)** | 3.59 | 3.58 | 0.35% | - Special note: The financial data contained in this announcement are preliminary and unaudited, and may differ from the final data disclosed in the semi-annual report[3](index=3&type=chunk) [Explanation of Operating Performance and Financial Condition](index=2&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company's first-half performance growth is primarily attributed to increased solid waste processing and heating volumes, new project commissioning, and the consolidation of acquired projects; total assets at period-end increased by **6.69%** from the beginning of the period, maintaining a stable asset-liability structure and sound financial condition [Explanation of Operating Performance](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) In the first half of 2025, the company achieved double-digit growth in both operating revenue and profit, driven by a combination of organic growth and external acquisitions, with operating revenue increasing by **4.48%** year-over-year and net profit attributable to parent reaching **19.83%** growth - Key drivers of performance growth include increased solid waste processing and heating volumes compared to the prior year, the official commissioning of the Yuxi project, the consolidation of the newly acquired Jinzhou Zhongke project, and the inclusion of the Haicheng project in the national subsidy list[6](index=6&type=chunk) Core Profit Indicators | Core Profit Indicators | H1 2025 (million CNY) | Year-over-Year Growth Rate (%) | | :--- | :--- | :--- | | Operating Profit | 241.99 | 16.52% | | Total Profit | 241.57 | 17.18% | | Net Profit Attributable to Parent | 196.26 | 19.83% | | Non-recurring Net Profit Attributable to Parent | 193.47 | 20.14% | [Explanation of Financial Condition](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) As of the end of the reporting period, the company's total assets expanded to **CNY 7.99 billion**, a **6.69%** increase from the beginning of the period, with stable owner's equity, indicating a healthy overall financial condition - The company assesses its asset-liability structure as stable, with a healthy and sound financial condition[7](index=7&type=chunk) Financial Condition Indicators | Financial Condition Indicators | End of Reporting Period | Beginning of Reporting Period | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (billion CNY) | 7.99 | 7.49 | 6.69% | | Shareholders' Equity Attributable to Parent (billion CNY) | 3.59 | 3.58 | 0.35% | | Net Assets Per Share Attributable to Parent (CNY) | 2.44 | 2.43 | 0.41% | [Explanation of Differences from Previous Performance Forecasts](index=2&type=section&id=%E4%B8%89%E3%80%81%E4%B8%8E%E5%89%8D%E6%AC%A1%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E7%9A%84%E5%B7%AE%E5%BC%82%E8%AF%B4%E6%98%8E) The company had not issued any performance forecasts for the first half of 2025 prior to the disclosure of this performance express report - The company did not disclose any performance forecasts for the first half of 2025 prior to the release of this performance express report[8](index=8&type=chunk) [Other Explanations and Risk Warnings](index=2&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E) The company reminds investors that the data in this performance express report are preliminary and unaudited, and the final data will be subject to the detailed disclosure in the 2025 semi-annual report; investors are advised to be aware of investment risks - This performance express report presents preliminary results, which have not been audited by an accounting firm; investors are advised to exercise caution in their decisions and be aware of investment risks[9](index=9&type=chunk) [Documents for Reference](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6) Documents for reference include the comparative consolidated balance sheet and consolidated income statement, signed and sealed by the company's senior management - Documents for reference include the comparative consolidated balance sheet and consolidated income statement, signed and sealed by the company's legal representative, the person in charge of accounting, and the head of the accounting department[10](index=10&type=chunk)[11](index=11&type=chunk)

Core Viewpoint - Zhongke Environmental Protection (301175) reported a revenue of 848 million yuan for the first half of the year, representing a year-on-year growth of 4.48%, and a net profit of 196 million yuan, with a year-on-year increase of 19.83% [1] Group 1: Financial Performance - The company's revenue for the first half of the year reached 848 million yuan, marking a 4.48% increase compared to the same period last year [1] - The net profit for the first half of the year was 196 million yuan, reflecting a year-on-year growth of 19.83% [1] Group 2: Market Expansion - The company is actively expanding its garbage volume and heating market, leading to an increase in solid waste processing and heating volume compared to the previous year [1] - The production launch of the Yuxi project and the inclusion of newly acquired projects, Jinzhou Zhongke and Haicheng project, into the national subsidy list contributed to the increase in revenue [1]