Core Insights - Zhongke Environmental reported a revenue of 1.272 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 6.06% [1] - The company achieved a net profit attributable to shareholders of 298 million yuan, up 13.21% year-on-year, and a net profit excluding non-recurring items of 295 million yuan, reflecting a 13.91% increase [1] Group 1: M&A Strategy - Zhongke Environmental successfully acquired 100% equity of the Guigang and Pingnan projects through public bidding, with the total processing capacity expected to exceed 20,000 tons per day after consolidation [2] - The company hosted an institutional research event at the Shijiazhuang project in September, showcasing its experience in quickly realizing economic benefits from M&A projects, which was well-received by analysts and institutional investors [2] Group 2: Mid-term Profit Distribution - As a state-owned enterprise, Zhongke Environmental plans to conduct its first mid-term dividend distribution post-listing, with a proposal to distribute 0.60 yuan in cash dividends per 10 shares, amounting to approximately 45% of the net profit attributable to shareholders for the first half of 2025 [3] - Market analysts view the company's growth strategy as clear and robust, with the mid-term dividend reflecting its confidence in future development and commitment to shareholder returns [3]
中科环保：前三季度营收与净利润均稳步增长