Core Viewpoint - The company, Haixia Environmental Protection, has received approval for the sewage treatment service fee pricing for its subsidiaries operating in Minqing County, which is expected to significantly impact its revenue and profit in 2025 [1][2]. Group 1: Service Fee Approval - The Minqing County Housing and Urban-Rural Development Bureau has approved the sewage treatment service fee for the Meixi and Baijin sewage treatment plants [1]. - The service fee for the Meixi sewage treatment plant is set at 2.34 yuan per ton, effective from August 1, 2017, to March 31, 2024 [1]. - The service fee for the Baijin Industrial Park sewage treatment plant is set at 2.66 yuan per ton, effective from November 1, 2017, until the second phase of the project is operational [1]. Group 2: Financial Impact - The company estimates that the approved service fees will increase its operating revenue by approximately 40.47 million yuan and net profit by about 30.56 million yuan in 2025 [2]. - The final impact on financials will be confirmed after the audit by the accounting firm [2].

Core Viewpoint - The company, Haixia Environmental Protection, has received approval for the sewage treatment service fee pricing for its subsidiaries operating in Minqing County, which is expected to significantly impact its revenue and profit in 2025 [1][2]. Group 1: Service Fee Approval - The Minqing County Housing and Urban-Rural Development Bureau has approved the sewage treatment service fee pricing for the Meixi and Baijin sewage treatment plants [1]. - The service fee for the Meixi sewage treatment plant is set at 2.34 yuan per ton, effective from August 1, 2017, to March 31, 2024 [1]. - The service fee for the Baijin Industrial Park sewage treatment plant is set at 2.66 yuan per ton, effective from November 1, 2017, until the second phase of the project is operational [1]. Group 2: Financial Impact - The company estimates that the approved service fees will increase its operating revenue by approximately 40.47 million yuan and net profit by about 30.56 million yuan in 2025 [2]. - The actual financial impact will be confirmed after the audit by the accounting firm [2].

Core Points - Fujian Strait Environmental Protection Group Co., Ltd. has approved the issuance of ultra-short-term financing bonds amounting to no more than RMB 600 million [1][2] - The company has received approval for the registration of its technology innovation bonds, with a total registered amount of RMB 600 million, valid for two years from the date of notification [2] - The first phase of the technology innovation bonds will have a total issuance of RMB 300 million, with a maturity of 270 days and an interest rate of 1.85% [2] Group 1 - The company’s board of directors and all directors guarantee that the announcement contains no false records, misleading statements, or major omissions [1] - The lead underwriter for the technology innovation bonds is CITIC Bank, with the joint lead underwriter being Quanzhou Bank [2] - The funds raised from the bond issuance will primarily be used to repay debt financing instruments [2]

Core Points - The announcement details the approval of wastewater treatment service fee standards for the company's subsidiaries [1][2] - The approved service fee for Meixi Wastewater Treatment Plant is set at 2.34 CNY per ton, effective from August 1, 2017, to March 31, 2024 [2] - The approved service fee for Baijin Industrial Park Wastewater Treatment Plant is set at 2.66 CNY per ton, effective from November 1, 2017, until the second phase of the project is operational [2] - The company anticipates an increase in revenue of approximately 40.47 million CNY and a corresponding increase in net profit for the fiscal year 2025 due to the new service fee standards [2] Project Overview - The company’s subsidiary, Fujian Jinxikai Environmental Protection Co., Ltd., is responsible for the investment and operation of Meixi and Baijin wastewater treatment plants, each with a total capacity of 20,000 tons per day [1] - The Meixi Wastewater Treatment Plant is being constructed in three phases, as is the Baijin Industrial Park Wastewater Treatment Plant [1] Financial Impact - The company will proceed with the application for settlement of the wastewater treatment service fees following the approval of the new pricing standards [2] - The expected increase in revenue and net profit for 2025 is based on preliminary calculations by the company [2]

股票代码：603817 股票简称：海峡环保 公告编号：2025-056 年3月31日止；白金工业园区污水处理厂一期工程污水处理服务费单 价核定为2.66元/吨，定价执行时间为2017年11月1日至白金工业园区 污水处理厂二期项目建成转商业运营之日止。 三、本次核定对上市公司的影响 福建海峡环保集团股份有限公司（以下简称"公司"）近日收到 《闽清县住房和城乡建设局关于白金、梅溪污水厂污水处理服务费单 价的批复》，具体情况如下： 一、项目基本情况 公司子公司福建金溪海峡环保有限公司负责投资运营闽清梅溪 污水处理厂、闽清白金工业园区污水处理厂。其中，闽清梅溪污水处 理厂分三期建设，总规模2.0万吨/日；闽清白金工业园区污水处理厂 分三期建设，总规模2.0万吨/日。 根据特许经营协议，在污水处理服务单价审定完成前，闽清县住 房和城乡建设局按照暂定价向福建金溪海峡环保有限公司预付闽清 梅溪污水处理厂一期工程、白金工业园区污水处理厂一期工程污水处 理服务费。待污水处理服务费单价审定后，闽清县住房和城乡建设局 对此前已预付给福建金溪海峡环保有限公司的污水处理服务费进行 结算和补差。 二、本次污水处理服务费单价核定 根据政府 ...

（www.chinamoney.com.cn）和上海清算所网站（www.shclearing.com） 上刊登。 特此公告。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 福建海峡环保集团股份有限公司（以下简称"公司"）第四届董事 会第十三次会议和2025年第一次临时股东大会审议通过了《关于申请发 行超短期融资券的议案》，同意公司向中国银行间市场交易商协会申请 注册发行金额不超过人民币6亿元的超短期融资券。 2025年8月22日，中国银行间市场交易商协会出具《接受注册通知书》 （中市协注〔2025〕SCP226号），同意接受公司科技创新债券的注册申 请，注册金额为人民币6亿元，注册额度自通知书落款之日起2年内有效。 2025年9月1日，公司在全国银行间市场公开发行2025年度第一期科 技创新债券（简称"25海峡环保SCP001（科创债）"），科技创新债券 代码012582137.IB，发行总额为3亿元人民币，本期科技创新债券的期 限为270天，发行价格为100元（每百元面值），发行利率为1.85%，牵 头主承销商为中信银行 ...

股票代码：603817 股票简称：海峡环保 公告编号：2025-055 福建海峡环保集团股份有限公司 三、本次兑付相关机构 联系人：姚英燚 联系方式：18558745808 联系人：刘媛 联系方式：010-89926522 联系部门：运营部 联系人：谢晨燕、陈龚荣 联系方式：021-23198708，021-23198682 特此公告。 福建海峡环保集团股份有限公司 董 事 会 短期融资券（科创票据） 的第一个工作日，顺延期间不另计息） 二、兑付办法 托管在银行间市场清算所股份有限公司的债券，其兑付资金由发 行人在规定时间之前划付至银行间市场清算所股份有限公司指定的 收款账户后，由银行间市场清算所股份有限公司在兑付日划付至债券 持有人指定的银行账户。债券兑付日如遇法定节假日，则划付资金的 时间相应顺延。债券持有人资金汇划路径变更，应在兑付前将新的资 金汇划路径及时通知银行间市场清算所股份有限公司。因债券持有人 资金汇划路径变更未及时通知银行间市场清算所股份有限公司而不 能及时收到资金的，发行人及银行间市场清算所股份有限公司不承担 由此产生的任何损失。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 ...

Group 1 - The announcement was made by Shanghai Clearing House regarding the smooth repayment of Fujian Haixia Environmental Protection Group Co., Ltd.'s first ultra-short-term financing bond for the year 2024 [1] - The bond, named 24 Haixia Environmental Protection SCP001, has an issuance amount of 300 million yuan, with an interest start date of December 12, 2024, and a term of 270 days [1] - The total amount of principal and interest to be repaid on the due date, September 8, 2025, is 304.5049 million yuan [1]

股票代码：603817 股票简称：海峡环保 公告编号：2025-055 福建海峡环保集团股份有限公司 2024年度第一期超短期融资券（科创票据）兑付公告 6.债券期限：270天 7.本计息期债券利率：2.03% 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 为保证福建海峡环保集团股份有限公司2024年度第一期超短期 融资券（科创票据）（债券简称：24海峡环保SCP001(科创票据)，债 券代码：012483897.IB）兑付工作的顺利进行，方便投资者及时领取 兑付资金，现将有关事宜公告如下： 一、本期债券基本情况 1.发行人：福建海峡环保集团股份有限公司 2.债券名称：福建海峡环保集团股份有限公司2024年度第一期超 短期融资券（科创票据） 3.债券简称：24海峡环保SCP001(科创票据) 4.债券代码：012483897.IB 5.发行总额：3亿元 特此公告。 福建海峡环保集团股份有限公司 8.到期兑付日：2025年9月8日（如遇法定节假日，则顺延至其后 的第一个工作日，顺延期间不另计息） 二、兑付办法 托管在银行间市 ...

Core Viewpoint - The financial performance of Haixia Environmental Protection (603817) shows positive growth in revenue and net profit for the first half of 2025, indicating a stable operational environment despite some fluctuations in financial metrics [1]. Financial Performance Summary - Total revenue for the reporting period reached 652 million yuan, a year-on-year increase of 10.57% [1]. - Net profit attributable to shareholders was 124 million yuan, up 4.41% year-on-year [1]. - In Q2 alone, total revenue was 373 million yuan, reflecting a 12.41% increase compared to the same quarter last year [1]. - Q2 net profit attributable to shareholders was 78.94 million yuan, marking a 19.82% increase year-on-year [1]. - Gross margin stood at 38.95%, down 1.95% year-on-year, while net margin was 18.38%, down 1.65% year-on-year [1]. - Total operating expenses (selling, administrative, and financial) amounted to 88.51 million yuan, accounting for 13.58% of revenue, a decrease of 12.59% year-on-year [1]. - Earnings per share were 0.22 yuan, an increase of 1.03% year-on-year [1]. Significant Financial Changes - Accounts receivable financing increased dramatically by 1371.93% due to a rise in bank acceptance bills [2]. - Prepayments decreased by 53.45% as some prepaid procurement costs were recognized as expenses [3]. - Short-term borrowings rose by 192.58% to support daily operational needs [4]. - Accounts payable increased by 61.24% due to higher amounts owed to suppliers [5]. - Contract liabilities decreased by 56.97% as some pre-received contract payments were recognized as revenue [6]. - Employee compensation liabilities rose by 134.64% due to accrued performance bonuses [7]. - Long-term payables decreased by 88.73% as the company repaid loans from the controlling shareholder [9]. Cash Flow and Investment Insights - Net cash flow from operating activities surged by 404.02% due to a significant reduction in cash payments related to construction expenditures [10]. - Net cash flow from investment activities increased by 28.84% as the company utilized idle funds for cash management [10]. - Net cash flow from financing activities decreased by 170.66% due to reduced cash inflows from borrowings and increased repayments to the controlling shareholder [10]. Business Evaluation - The company's return on invested capital (ROIC) was 5.06%, indicating average capital returns, with a historical median ROIC of 7.11% since its listing [11]. - The business model relies heavily on capital expenditures, necessitating careful evaluation of the profitability of these investments [11]. Financial Health Indicators - The company has a low cash ratio, with cash and cash equivalents accounting for only 6.8% of total assets and 37.17% of current liabilities [12]. - The debt ratio is concerning, with interest-bearing liabilities reaching 28.89% of total assets [12]. - Accounts receivable are notably high, at 424.18% of net profit, indicating potential liquidity issues [12]. Fund Management Insights - The company is held by a prominent fund manager, who has recently increased their stake, indicating confidence in the company's future performance [12][13].