Chang Jiang Shang Bao·2025-11-06 00:09Core Viewpoint - Longjing Environmental Protection (龙净环保) has seen its stock price increase by over 30% in the past two months, supported by significant share buybacks from major shareholders, including Longyan State-owned Assets Investment and Operation Co., Ltd. and Zijin Mining Group [1][9]. Group 1: Stock Performance and Shareholder Actions - Longjing Environmental Protection's stock closed at 16.68 yuan per share on November 5, with a cumulative increase of approximately 33% over the past two months [1]. - Longyan State-owned Assets Investment and Operation Co., Ltd. has initiated a share buyback plan, indicating confidence in the company's future [1][8]. - Zijin Mining Group has also been actively increasing its stake in Longjing Environmental Protection, having acquired a total of 3.18 billion shares, representing 25% of the total share capital [7]. Group 2: Financial Performance and Future Plans - Longjing Environmental Protection reported a net profit of 7.80 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of over 20% [3]. - The company plans to raise 2 billion yuan through a private placement to enhance its liquidity, with the funds earmarked for supporting its operational needs [2][12]. - The company is focusing on a dual-driven development strategy of "environmental protection + new energy," aiming to solidify its competitive advantage in the environmental sector while expanding into new energy projects [10]. Group 3: Historical Context and Ownership Changes - Longjing Environmental Protection, established in 1971 and listed in 2000, has transitioned from a radio factory to a leading environmental equipment manufacturer, primarily focusing on air pollution control [5]. - The company underwent significant ownership changes, with Zijin Mining becoming the controlling shareholder in 2022 after acquiring a 15.02% stake for 1.734 billion yuan [6].