Group 1 - The core point of the article is that Zhongke Environmental (301175.SZ) confirmed that the collaboration project with Star Glory regarding liquid methane has not yet officially commenced production [1] - According to the agreement, once production starts, Zhongke will provide Star Glory with green methane, green electricity, green thermal energy, reclaimed water, and desalinated water, supporting the low-carbon production of aerospace propulsion [1]

Group 1 - The core point of the article is that Zhongke Environmental Protection announced on January 14 that the project of Star Glory in Mianyang, Sichuan has not yet officially commenced production [1] - According to the agreement, after production starts, Mianyang Zhongke will provide Star Glory with green methane, green electricity, green thermal energy, reclaimed water, and desalinated water, offering comprehensive low-carbon support for Star Glory's aerospace propulsion production [1]

证券代码：301175 证券简称：中科环保 公告编号：2026-004 近日，公司收到富诚海富通出具的《关于股份减持计划实施结果的告知函》，截至 本公告披露之日，富诚海富通上述减持计划时间已届满，现将减持计划实施情况公告如 下： 一、股东减持情况 | 股东名称 | 减持方式 | 减持期间 | 减持均价 | 减持股数 | 减持比例 | | --- | --- | --- | --- | --- | --- | | | | | （元/股） | （股） | | | 富诚海富通 | 大宗交易 | 2025/11/12 | 5.52 | 2,250,000 | 0.15% | | | 合计 | | — | 2,250,000 | 0.15% | 1.股东减持股份情况 2.股份来源：公司首次公开发行股票。 3.股东本次减持前后持股情况 | 股东名称 | 股份性质 | | 本次减持前所持股份 | | 本次减持后所持股份 | | --- | --- | --- | --- | --- | --- | | | | 股数（股） | 占总股本比例 | 股数（股） | 占总股本比例 | | 富诚海富通 | 合计持有股份 | 5,91 ...

Investment Rating - The report assigns an "Accumulate-A" investment rating for the company [5][19]. Core Insights - The company, a leading solid waste treatment platform under the Chinese Academy of Sciences, has shown steady growth in performance over the years, with revenue expected to grow from 690 million yuan in 2020 to 1.66 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 24.5% [1][11]. - The company has a strong technological advantage in waste incineration, with proprietary technologies that enhance operational efficiency and reduce environmental costs [2][11]. - The company is actively expanding its business through mergers and acquisitions, with a total capacity expected to reach 20,900 tons per day, enhancing its operational synergies [3][11]. - The report anticipates significant revenue growth in the coming years, with projected revenues of 1.86 billion yuan in 2025 and 2.16 billion yuan in 2026, alongside a net profit of 394 million yuan and 476 million yuan respectively [11][14]. Summary by Sections Company Overview - The company was established in 2012 and is controlled by the Chinese Academy of Sciences, focusing on solid waste treatment and expanding into heating and sludge disposal [1]. Financial Performance - Revenue is projected to grow from 1.40 billion yuan in 2023 to 2.16 billion yuan in 2026, with a net profit increase from 270 million yuan to 476 million yuan during the same period [12][22]. - The company plans to maintain a dividend payout ratio of at least 60% of net profit, reflecting confidence in its cash flow [10][11]. Business Segments - The main business segment, waste incineration power generation, is expected to generate revenues of 14.09 billion yuan in 2025, with a gross margin of 51% [17]. - The project construction segment is anticipated to decline, with revenues projected at 2.13 billion yuan in 2025 [17]. - The environmental equipment sales and technical services segment is expected to grow significantly, with revenues projected at 2.16 billion yuan in 2025 [17]. Market Position and Strategy - The company is expanding its international presence, particularly in Southeast Asia and along the Belt and Road Initiative, which is expected to provide new growth momentum [3][11]. - The report highlights the company's competitive edge in technology and operational efficiency, positioning it well for future growth in the solid waste treatment industry [2][11].

Group 1 - The core viewpoint of the article is that Zhongke Environmental has clarified the composition of its intangible assets, which include land use rights, patent rights, franchise rights, PPP projects under construction, pollution discharge rights, and software [1] - The proportion of franchise rights in the intangible assets is approximately 88% [1] - According to accounting standards, assets related to BOT projects should be classified as intangible assets [1] Group 2 - Detailed information regarding the specific composition of intangible assets can be found in the company's disclosed semi-annual report for 2025 [1]

Group 1 - The company, Zhongke Environmental Protection, announced that the board of directors' re-election process will be appropriately postponed [2] - The terms of the board's specialized committees and the senior management personnel appointed by the board will also be extended accordingly [2]

Group 1 - The core point of the article is that Zhongke Environmental Protection announced the approval of the proposal regarding the resignation of independent directors and the election of new independent directors during the first temporary shareholders' meeting of 2026 [2] Group 2 - The announcement indicates a significant governance change within the company, reflecting its commitment to maintaining an effective board structure [2] - The decision to elect new independent directors may influence the company's strategic direction and oversight [2] - This move is part of the company's ongoing efforts to enhance corporate governance and align with best practices in the industry [2]

证券代码：301175 证券简称：中科环保 公告编号：2026-001 北京中科润宇环保科技股份有限公司 2026 年第一次临时股东会决议公告 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。 特别提示： 1.本次股东会未出现否决议案的情形； 2.本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间： （1）现场会议召开时间：2026 年 1 月 7 日（周三）15:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2026 年 1 月 7 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网 投票系统投票的具体时间为：2026 年 1 月 7 日 9:15-15:00 期间的任意时间。 2.会议召开地点：北京市海淀区苏州街3号大恒科技大厦北座901，公司会议室。 3.会议召开方式：本次会议采取现场投票与网络投票相结合的方式召开。 （1）现场投票：包括本人出席及通过授权委托他人出席。 （2）网络投票：公司通过深圳证券交易所交易系统和互联 ...

北京中科润宇环保科技股份有限公司 关于董事会延期换届的提示性公告 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。 证券代码：301175 证券简称：中科环保 公告编号：2026-003 董事会延期换届不影响公司的正常运营。公司将按照相关规定积极推进董事会 的换届选举工作，并及时履行信息披露义务。 特此公告。 北京中科润宇环保科技股份有限公司 董事会 2026 年 1 月 7 日 北京中科润宇环保科技股份有限公司（以下简称"公司"）第二届董事会任期 将于 2026 年 1 月 15 日届满。公司近期收到控股股东中科实业集团（控股）有限公 司（以下简称"中科集团"）《关于北京中科润宇环保科技股份有限公司第二届董 事会换届选举相关事宜的函》，来函主要内容为：中科集团正积极推进公司第二届 董事会换届考察与审批等工作，预计难以在公司第二届董事会任期届满前完成相关 工作，建议公司第二届董事会适当延期换届。 鉴于公司董事会换届工作尚在筹备中，为确保董事会工作的连续性和稳定性， 公司董事会换届选举工作将适度延期进行，董事会各专门委员会及董事会聘任的高 级管理人员的任期亦将相应 ...

关于北京中科润宇环保科技股份有限公司 2026 年第一次临时股东会的法律意见书 康达股会字[2026]第 0006 号 致：北京中科润宇环保科技股份有限公司 北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R. China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 北京市康达律师事务所（以下简称"本所"）接受北京中科润宇环保科技股 份有限公司（以下简称"公司"）的委托，指派本所律师参加公司 2026 年第一 次临时股东会（以下简称"本次会议"）。 书》出具日以前已经发生的或者存在的事实，严格履行了法定职责，遵循了勤勉 尽责和诚实 ...