福建龙净环保股份有限公司 关于选举职工董事的公告 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。 根据《中华人民共和国公司法》（以下简称"公司法"）的相关规定，福建龙 净环保股份有限公司（以下简称"公司"）于 2025 年 11 月 7 日召开职工代表大 会，选举廖伯寿先生为第十届董事会职工董事（简历附后）。任期自职工代表大 会审议通过之日起至第十届董事会任期届满之日止。 截至本公告披露日，廖伯寿先生未持有公司股票，与公司其他董事、高级管 理人员、实际控制人及持股 5%以上的股东不存在关联关系。廖伯寿先生不存在 《公司法》《公司章程》规定的不得担任董事职务的情形，本次选举职工董事工 作完成后，公司第十届董事会中兼任公司高级管理人员以及由职工代表担任的董 事人数未超过公司董事总数的二分之一，符合相关法律法规及《公司章程》的规 定。 特此公告。 证券代码：600388 证券简称：龙净环保 公告编号：2025-079 福建龙净环保股份有限公司 董 事 会 2025 年 11 月 8 日 附件：廖伯寿先生简历 1972 年 6 月生， ...

龙净环保 2025 年第三次临时股东会 福建龙净环保股份有限公司 2025 年第三次临时股东会 法 律 意 见 书 地址：福建省龙岩市新罗区龙岩商务运营中心青年创业大厦 18 楼 邮政编码：364000 网址：http://www.fjlihan.com 电话：13959006999 传真：0597-2328998 转 805 电子邮箱:hayeke146100@163.com 1 龙净环保 2025 年第三次临时股东会 关于福建龙净环保股份有限公司 2025 年第三次临时股东会的法律意见书 致：福建龙净环保股份有限公司 福建力涵律师事务所(以下简称"本所")接受福建龙净环保股份有 限公司（以下简称"公司"）的委托，指派程致远、蔡志评律师出席公 司 2025 年第三次临时股东会，根据《中华人民共和国公司法》(以下简 称《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》等法律、法规、规范性文件及《福建龙净环保股份有 限公司章程》(以下简称《公司章程》)的有关规定出具法律意见。 为出具本法律意见书，本所律师列席了本次股东会并审查了公司提 供的与本次股东会有关的文件资料，包括但不限于 ...

证券代码：600388 证券简称：龙净环保 公告编号：2025-077 福建龙净环保股份有限公司 2025年第三次临时股东会决议公告 一、会议召开和出席情况 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 461 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 507,328,058 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 39.9456 | （四）表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，公司董事兼总裁黄炜先生主持会议。会议采用 现场投票和网络投票相结合的表决方式。本次会议的召集、召开符合《公司法》 和《公司章程》的有关规定。 （五）公司董事和董事会秘书的出席情况 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。 1、公司在任董事10人，出席10人； 重要内容提示： 2、董事会秘书出席本次会议；部分高管列席本次会议。 ...

证券代码：600388 证券简称：龙净环保 公告编号：2025-078 福建龙净环保股份有限公司 第十届董事会第二十次会议决议公告 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。 福建龙净环保股份有限公司（以下简称"公司"）第十届董事会第二十次会 议于 2025 年 11 月 7 日在公司龙岩总部以现场结合视频通讯的方式召开。会议召 开通知于 11 月 5 日以书面方式送达各董事及部分高管。会议由董事长谢雄辉先 生主持。会议应参加董事 12 人，实际参加董事 12 人。会议召开程序符合《公司 法》《公司章程》等规定。经审议，通过以下议案： 一、审议：《关于选举公司第十届董事会董事长的议案》 表决结果：12 票赞成，0 票反对，0 票弃权。 公司第十届董事会全体董事一致选举谢雄辉先生担任董事长，任期自第十届 董事会第二十次会议审议通过之日起至第十届董事会任期届满之日止。 二、审议：《关于调整公司第十届董事会专门委员会的议案》 表决结果：12 票赞成，0 票反对，0 票弃权。 公司第十届董事会下设战略、审计、提名、薪酬与考核四个委 ...

Core Viewpoint - Longking Environmental announced that Zijin Mining and its concerted parties plan to issue up to 168 million shares to specific targets at a price of 11.91 yuan per share, with Zijin Mining committing to invest no more than 2 billion yuan to subscribe for all shares issued in this round [1] Group 1 - The issuance of shares will result in Zijin Mining and its concerted parties holding more than 30% of the listed company's shares, triggering the mandatory tender offer obligations under the Regulations on the Management of Acquisitions of Listed Companies [1] - Zijin Mining has committed that the shares obtained from this issuance will not be transferred for 36 months from the completion of the issuance [1]

Core Insights - The environmental equipment sector saw a slight increase of 0.45% on November 7, with Xuedilong leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance Summary - Xuedilong (002658) closed at 9.43, up 10.04%, with a trading volume of 408,800 shares and a transaction value of 374 million yuan [1] - Other notable performers included ST Qingyan (301288) with a 3.10% increase, and Bixing Wulian (688671) with a 2.50% increase [1] - Conversely, Guolin Technology (300786) experienced a decline of 2.36%, with a trading volume of 125,400 shares and a transaction value of 211 million yuan [2] Capital Flow Analysis - The environmental equipment sector experienced a net inflow of 136 million yuan from institutional investors, while retail investors saw a net outflow of 733.46 million yuan [2][3] - Xuedilong had a significant net inflow of 148 million yuan from institutional investors, but also faced a net outflow of 75.43 million yuan from retail investors [3] - Longjing Environmental (600388) reported a net inflow of 32.19 million yuan from institutional investors, while also experiencing a net outflow from retail investors [3]

Core Viewpoint - The fundraising amount through private placements in the A-share market has significantly increased this year, with financial stocks leading the way in terms of capital raised [2]. Group 1: Fundraising Statistics - As of November 3, 2023, 140 companies have raised a total of 812.37 billion yuan through private placements, marking a 23% increase in the number of companies and a 5.4 times increase in the amount raised compared to the previous year [2]. - Among the top 10 companies by fundraising amount, 6 are financial institutions, highlighting the dominance of this sector in the private placement market [2]. - Four major state-owned banks, including China Bank, Postal Savings Bank, and others, have raised over 100 billion yuan each through private placements, contributing significantly to the overall market size [2]. Group 2: Specific Company Fundraising - China Bank raised 165 billion yuan, Postal Savings Bank 130 billion yuan, Traffic Bank 120 billion yuan, and Construction Bank 105 billion yuan through private placements [2]. - The successful completion of fundraising by these banks indicates a substantial breakthrough in their plans to supplement core Tier 1 capital through the capital market [2]. Group 3: Use of Funds - Companies are utilizing the funds raised through private placements for various purposes, including asset acquisitions and operational funding [3]. - For instance, AVIC Chengfei raised 17.439 billion yuan for acquiring 100% equity of AVIC Chengfei, while Sairisi raised 8.164 billion yuan for a new factory and operational funds [3]. - Guolian Securities raised 29.492 billion yuan to acquire 99.26% of Minsheng Securities [3]. Group 4: Policy Support and Market Dynamics - The revival of the private placement market is supported by policy initiatives, including the China Securities Regulatory Commission's new merger and acquisition guidelines [3]. - Local governments have also introduced measures to support corporate mergers and acquisitions, further stimulating the market [3]. Group 5: Notable Cases and Challenges - Some companies have seen significant participation from major shareholders in their private placements, such as Nanfang Electric, which plans to raise up to 2 billion yuan with substantial backing from its controlling shareholder [3]. - However, not all private placements have been successful; for example, GCL-Poly announced the termination of its nearly three-year fundraising plan, originally aimed at raising 4.842 billion yuan, due to market adjustments in the photovoltaic industry [4].

Investment Rating - The report maintains a "Buy" rating for several key stocks in the financial manufacturing industry, including Green City China, China Resources Land, New China Life Insurance, and Qilu Bank, among others [49][50]. Core Insights - The report highlights the ongoing economic recovery and the potential for profit improvement, although it notes that challenges remain, particularly in the real estate sector where sales volume is expected to be under pressure in Q4 [10][13]. - The non-bank financial sector is experiencing high growth, with recommendations to focus on high-performing stocks [18]. - The banking sector shows signs of recovery with attractive valuations, suggesting a continued positive outlook for bank stocks [20]. - The renewable energy sector is identified as having established a bottom, with a focus on new technologies and market dynamics [23]. - The machinery sector is advised to pay attention to AI computing power, which presents investment opportunities in power supply [31]. - The military industry is expected to see an upward trend in prosperity, with a focus on military trade, internal installations, and the transition from military to civilian applications [33]. - The light industry is encouraged to explore opportunities in overseas manufacturing and new consumer products, while also monitoring domestic demand improvements [35]. - The environmental sector is advised to focus on second growth curve changes and market hotspots [43]. Summary by Sections Macro Overview - Industrial profits rose by 21.6% year-on-year in September, driven by the export chain, although October's PMI indicates potential profit improvement challenges [11][12]. Real Estate - Q4 sales volume is expected to face year-on-year pressure, with new home sales likely to decline significantly [13][14]. Non-Bank Financials - The sector's performance remains strong, with a recommendation to focus on high-performing stocks [18][19]. Banking - The banking sector is seeing a recovery in net interest income, with a positive outlook for bank stocks [20][21]. Renewable Energy - The renewable energy sector is highlighted for its ongoing demand and technological advancements [23][24]. Machinery - Investment opportunities are noted in the AI computing power sector, particularly in power supply [31][32]. Military Industry - The military sector is expected to improve, focusing on military trade and technology advancements [33][34]. Light Industry - Opportunities in overseas manufacturing and new consumer products are emphasized, along with monitoring domestic demand [35][36]. Environmental Sector - The environmental sector is advised to focus on growth opportunities and market trends [43][44].

Core Viewpoint - The report highlights significant growth in China's waste resource recycling industry, with a notable increase in export value and market trends projected for 2025-2031 [1] Industry Summary - As of September 2025, the total export value of the waste resource recycling industry reached 1.13 billion, marking a year-on-year increase of 112.4% [1] - Cumulatively, from January to September 2025, the industry recorded an export value of 6.43 billion, reflecting a year-on-year growth of 48.1% [1] - The report is based on data from the National Bureau of Statistics and provides insights into the competitive landscape and industry trends [1] Company Summary - Listed companies in the waste resource recycling sector include: Greenme (002340), Huicheng Environmental (300779), Shenwu Energy Saving (000820), Farsen (000890), Yingfeng Environment (000967), Chuhuan Technology (001336), Longjing Environmental (600388), Fida Environmental (600526), Yutong Heavy Industry (600817), and Jingjin Equipment (603279) [1]

Core 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].