证券代码：301265 证券简称：华新环保 公告编号：2025-038 华新绿源环保股份有限公司 2025 年第二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提案的情形； 2、本次股东会未涉及变更前次股东会决议。 一、会议召开和出席情况 1、会议召开的时间： （1）现场会议时间：2025年9月11日（星期五）下午14:30 （2）网络投票时间：2025年9月11日 通过深圳证券交易所交易系统进行网络投票的时间为2025年9月11日的交易 时间，即9:15-9:25，9:30-11:30和13:00-15:00。 通过深圳证券交易所互联网投票系统投票的时间为2025年9月11日上午9:15， 结束时间为2025年9月11日下午15:00。 2、会议地点：通州区中关村科技园区金桥科技产业基地景盛北一街 4 号 3-9 号办公楼二楼第一会议室。 3、会议召开方式：现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会。 5、现场会议主持人：董事长张军先生。 6、会议召开的合法、合规性：本次股东会的召 ...

北京市天元律师事务所 关于华新绿源环保股份有限公司 2025 年第二次临时股东会的法律意见 京天股字（2025）第 567 号 致：华新绿源环保股份有限公司 华新绿源环保股份有限公司（以下简称"公司"）2025 年第二次临时股东会 （以下简称"本次股东会"）采取现场投票与网络投票相结合的方式召开，现场 会议于 2025 年 9 月 11 日在北京市通州区中关村科技园区金桥科技产业基地景盛 北一街 4 号 3-9 号办公楼二楼大会议室召开。北京市天元律师事务所（以下简称 "本所"）接受公司聘任，指派本所律师参加本次股东会现场会议，并根据《中 华人民共和国公司法》、《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）以及《华新绿源环保股份有限 公司章程》（以下简称"《公司章程》"）等有关规定，就本次股东会的召集、召开 程序、出席现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项 出具本法律意见（以下简称"本法律意见"）。 为出具本法律意见，本所律师审查了《华新绿源环保股份有限公司第四届董 事会第六次会议决议公告》《华新绿源环保股份有限公司第四届监事会 ...

Core Viewpoint - The company Huaxin Environmental (301265) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit, driven by growth in the recycling of scrapped vehicles, hazardous waste, and electronic waste [1][2]. Financial Performance - Total revenue reached 417 million yuan, a year-on-year increase of 64.36% [1] - Net profit attributable to shareholders was 38.27 million yuan, up 71.96% year-on-year [1] - In Q2 alone, total revenue was 276 million yuan, reflecting a 55.29% increase year-on-year [1] - Q2 net profit attributable to shareholders was 27.35 million yuan, a 22.06% increase year-on-year [1] Cost and Profitability - Gross margin was 20.57%, down 9.61% year-on-year [1] - Net margin improved to 8.95%, an increase of 5.16% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 30.84 million yuan, accounting for 7.39% of revenue, a decrease of 28.48% year-on-year [1] Cash Flow and Receivables - The company reported a significant increase in operating cash flow, with a change of 95.12% attributed to increased business transactions [4] - Accounts receivable were notably high, with the ratio of accounts receivable to net profit reaching 1394.53% [1][9] Investment and Financing Activities - Cash flow from investing activities decreased by 113.78% due to increased capital expenditures on infrastructure projects [5] - Cash flow from financing activities increased by 185.04%, driven by cash received from minority shareholders' investments in subsidiaries [6] Return on Investment - The company's return on invested capital (ROIC) was reported at 1.94%, indicating weak capital returns [7] - Historical data shows a median ROIC of 12.44% since the company went public, suggesting generally better investment returns in the past [8]

Core Insights - Huanxin Environmental (301265) reported a significant increase in revenue and net profit for the first half of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating income of 417 million yuan, representing a year-on-year growth of 64.36% [1] - Net profit reached 38.27 million yuan, with a year-on-year increase of 71.96% [1] - Basic earnings per share were reported at 0.1263 yuan [1] - The weighted average return on equity (ROE) was 1.83% [1]

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 417 million yuan, a year-on-year increase of 64.36% [1] - The net profit attributable to shareholders was 38.27 million yuan, reflecting a year-on-year growth of 71.96% [1] - The company's non-recurring net profit was 34.96 million yuan, showing a substantial increase of 105.41% year-on-year [1] Financial Performance - In Q2 2025, the company achieved a quarterly revenue of 276 million yuan, up 55.29% year-on-year [1] - The quarterly net profit attributable to shareholders was 27.35 million yuan, marking a year-on-year increase of 22.06% [1] - The non-recurring quarterly net profit for Q2 2025 was 25.69 million yuan, which is a 30.23% increase compared to the same quarter last year [1] Profitability Metrics - The company's debt ratio stood at 10.51%, indicating a low level of financial leverage [1] - Investment income for the period was 3.02 million yuan, while financial expenses were only 0.28 million yuan [1] - The gross profit margin was reported at 20.57%, which represents a decrease of 9.60% year-on-year [6] Earnings Per Share - Earnings per share (EPS) for the company was 0.13 yuan, reflecting an increase of 80.42% year-on-year [6] - The operating cash flow per share was reported at 0.00 yuan, with a significant year-on-year increase of 95.12% [6] Shareholder Information - The largest shareholder is Shanghai Kehui Equity Investment Center, holding 14.13% of shares [10] - Other notable shareholders include Hangzhou Qingyu Yihe Venture Capital and Bao Rurong, holding 8.24% and 6.93% respectively [10]

Core Viewpoint - The company, Huaxin Environmental Protection, announced the termination of its hazardous waste disposal center project due to changes in market conditions and strategic adjustments, with a focus on high-value metal recovery and resource utilization of difficult-to-treat waste in the future [1] Summary by Relevant Sections Project Termination - The hazardous waste disposal center project will be terminated as of July 31, 2025, due to intensified competition in the raw material sector of the domestic hazardous waste disposal industry, leading to a decline in gross margins [1] Financial Details - As of the announcement, the project has utilized 50.2336 million yuan of the raised funds, which accounts for 21.84% of the planned total investment [1] - The remaining raised funds amount to 155.355 million yuan, which will continue to be held in a dedicated account for future investment projects based on market conditions and company needs [1] Strategic Focus - The company believes that the existing rigid landfill capacity is sufficient to meet its hazardous waste disposal business needs [1] - Future strategic focus will shift towards high-value metal recovery and the resource utilization of difficult-to-treat waste [1]

Core Insights - Huanxin Environmental (301265.SZ) released its semi-annual report for 2025 on August 26, 2025, indicating significant institutional investor interest [1] Institutional Holdings - As of August 25, 2025, five institutional investors disclosed their holdings in Huanxin Environmental A-shares, totaling 75.79 million shares, which represents 25.02% of the company's total share capital [1] - The institutional investors include Beijing Hengyi Weiye Enterprise Management Partnership (Limited Partnership), Shanghai Kehui Equity Investment Center (Limited Partnership), Hangzhou Qingyu Yihe Venture Capital Management Partnership (Limited Partnership) - Jiaxing Qingyu Dunxing Venture Capital Partnership (Limited Partnership), Zhejiang Kaixiya International Co., Ltd., and Shanghai Kehui Value Investment Management Co., Ltd. [1] - The total holding percentage by institutional investors remained unchanged at 25.02% [1]

Group 1 - The core point of the article is that Huaxin Environmental Protection (SZ 301265) held its fourth sixth board meeting on August 22, 2025, to discuss the proposal for the second extraordinary shareholders' meeting of 2025 [1] - For the fiscal year 2024, the company's revenue composition shows that solid waste resource utilization and disposal accounted for 97.99%, while other businesses made up 2.01% [1]

Group 1 - The core viewpoint of the article highlights the significant growth in the financial performance of Huaxin Environmental Protection (301265.SZ) for the first half of the year [1] - The company's operating revenue reached 417 million, representing a year-on-year increase of 64.36% [1] - The net profit attributable to shareholders of the listed company was 38.27 million, showing a year-on-year growth of 71.96% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 34.96 million, reflecting a substantial year-on-year increase of 105.41% [1]

东兴证券股份有限公司关于华新绿源环保股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称:东兴证券股份有限公司 | 被保荐公司简称:华新环保 | | --- | --- | | 保荐代表人姓名:朱树博 | 联系电话:010-66555196 | | 保荐代表人姓名:廖卫江 | 联系电话:010-66555196 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | (1)是否及时审阅公司信息披露文件 | 들 | | (2)未及时审阅公司信息披露文件的次数 | 0次 | | 2、督导公司建立健全并有效执行规章制度的情况 | | | (1)是否督导公司建立健全规章制度(包括但不限于防止关 | | | 联方占用公司资源的制度、募集资金管理制度、内控制度、 | 是 | | 内部审计制度、关联交易制度） | | | (2)公司是否有效执行相关规章制度 | 是 | | 3、募集资金监督情况 | | | (1)查询公司募集资金专户次数 | 一次 | | (2)公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4.公司治理督导情况 | ...