Group 1: Project Updates - The Chengdu Xiwayan Reclaimed Water Plant, Chengdu Sludge Phase III Project, and Qionglai Kitchen Waste Project have been put into operation in the first half of 2025 [2] - The Chengdu Water Supply Plant Phase III (remaining capacity of 40,000 tons/day) has entered trial operation, with other ongoing projects expected to be operational between 2025 and 2026 [2][3] Group 2: Pricing Mechanisms - The water supply pricing mechanism allows for adjustments based on national policies and agreements, requiring government approval after cost audits and hearings [3] - The sewage treatment service fee is typically adjusted every 2 to 3 years, with a current tentative price of 2.63 CNY/ton for the central urban area of Chengdu for the 2024-2026 period [3] Group 3: Waste-to-Energy Project - The Chengdu Wanxing Environmental Power Plant Phase III is under construction, with a waste processing capacity of 5,100 tons/day, sludge processing capacity of 800 tons/day, and kitchen waste processing capacity of 800 tons/day, expected to be operational by 2026 [3] Group 4: Accounts Receivable Management - The company has seen an increase in accounts receivable due to market expansion and is actively managing collections [4] Group 5: Market Expansion Strategy - The company aims to be a national water and environmental service provider, focusing on expanding in Chengdu and surrounding areas while pursuing acquisitions to enhance resource integration and market presence [4] Group 6: Capital Expenditure and Dividends - Significant capital expenditures are expected due to multiple water supply and waste projects, with a gradual decrease anticipated as projects are completed and begin to generate returns [4] - The company is committed to increasing cash dividend ratios as major projects come online and capacity is released [4]

Market Overview - The Shanghai Composite Index rose by 0.37% on July 17, with 25 out of 28 sectors experiencing gains, led by defense and military industry (up 2.74%) and communication (up 2.41%) [2] - The banking and transportation sectors saw declines of 0.42% and 0.39%, respectively, with the environmental protection sector also among the top losers [2] Capital Flow Analysis - The net inflow of capital in the two markets reached 11.662 billion yuan, with 15 sectors experiencing net inflows [2] - The computer sector led with a net inflow of 5.202 billion yuan and a daily increase of 1.33%, followed by the electronics sector with a net inflow of 4.455 billion yuan and a daily increase of 2.18% [2] Environmental Protection Sector Performance - The environmental protection sector declined by 0.26%, with a net outflow of 631 million yuan, comprising 133 stocks, of which 59 rose and 67 fell [3] - Among the stocks with net inflows, Shijin Technology topped the list with a net inflow of 37.971 million yuan, followed by Shanghai Washba and Xingrong Environment with inflows of 35.862 million yuan and 23.160 million yuan, respectively [3] - The top stocks with net outflows included Huicheng Environmental (outflow of 218.1536 million yuan), Huahong Technology (outflow of 100.9985 million yuan), and Xuedilong (outflow of 63.9296 million yuan) [5] Environmental Protection Sector Capital Flow Rankings - **Top Inflow Stocks**: - Shijin Technology: +4.32%, 15.16% turnover, 37.971 million yuan inflow - Shanghai Washba: +4.93%, 7.20% turnover, 35.862 million yuan inflow - Xingrong Environment: -1.20%, 0.85% turnover, 23.160 million yuan inflow [4] - **Top Outflow Stocks**: - Huicheng Environmental: -1.75%, 3.59% turnover, -218.1536 million yuan outflow - Huahong Technology: -6.39%, 27.29% turnover, -100.9985 million yuan outflow - Xuedilong: -0.98%, 7.70% turnover, -63.9296 million yuan outflow [5]

证券代码：000598 证券简称：兴蓉环境 公告编号：2025-39 成都市兴蓉环境股份有限公司 关于高级管理人员变动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、高级管理人员变动情况 近日，成都市兴蓉环境股份有限公司（以下简称：公司）收到公 司副总经理（财务负责人）赵璐女士递交的书面辞职报告。因工作调 整，赵璐女士辞去公司副总经理（财务负责人）职务（原定任期至第 十届董事会任期届满之日止），辞职后将不再担任公司任何职务。本 次辞职报告自送达董事会时生效。公司于2025年7月17日召开第十届 董事会第二十五次会议，审议通过了《关于聘任公司高级管理人员的 议案》，同意聘任宋兴来先生为公司副总经理（财务负责人），任期 自董事会审议通过之日起至第十届董事会任期届满之日止，具体详见 公 司 同 日 在 《 中 国 证 券 报 》 《 证 券 时 报 》 和 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《第十届董事会第二十五次会议决议公 告》（公告编号：2025-38）。本次高级管理人员变动系因工作调整， 目前已完成工作交接，本次变动不 ...

2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开的情况 1、会议召开的时间 证券代码：000598 证券简称：兴蓉环境 公告编号：2025-40 成都市兴蓉环境股份有限公司 2025 年第四次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、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、本次股东大会未出现否决提案的情形； （1）现场会议时间：2025 年 7 月 17 日（星期四）下午 14:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投 票的具体时间为 2025 年 7 月 17 日上午 9:15—9:25，9:30—11:30，下 午 13:00－15:00；通过互联网投票系统（http://wltp.cninfo.com.cn）投 票的具体时间为 2025 年 7 月 17 日上午 9:15 至下午 15:00 期间的任意 时间。 2、现场会议召开地点：成都市武侯区锦城大道 1000 号成都市兴 蓉环境股份有限公司。 3、会议召开方式：现场投票和网络投票相结合的表决方式。 1 4、会议召集人：公司董事会 ...

本公司及董事会全体成员保证信息披露内容的真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 成都市兴蓉环境股份有限公司（以下简称：公司）于2025年7月 14日以电子邮件、专人送达方式向全体董事发出召开第十届董事会第 二十五次会议的通知。在保障董事充分表达意见的前提下，会议于 2025年7月17日以通讯表决方式召开。本次会议应出席的董事9名，实 际出席会议的董事9名。会议的召集、召开及表决程序符合法律法规 及《公司章程》的相关规定。 与会董事对议案进行了审议，形成如下决议： 证券代码：000598 证券简称：兴蓉环境 公告编号：2025-38 成都市兴蓉环境股份有限公司 第十届董事会第二十五次会议决议公告 因工作调整，赵璐女士辞去公司副总经理（财务负责人）职务， 经公司总经理提名，同意聘任宋兴来先生（简历附后）为公司副总经 理（财务负责人），任期自董事会审议通过之日起至本届董事会任期 届满之日止。 表决结果：9票同意、0票反对、0票弃权。 该议案在提交董事会审议前已经公司董事会提名委员会和审计 委员会审议通过。 特此公告。 审议通过《关于聘任公司高级管理人员的议案》。 1 成都市兴蓉环境股份有限公司 董 ...

Group 1 - The company has decided to repurchase and cancel a total of 2,984,008,721 restricted stocks due to some incentive targets no longer qualifying for the incentive program [1] - The registered capital will be reduced correspondingly to 2,984,008,721 yuan following the stock repurchase and cancellation [1] - Creditors have the right to claim their debts or request corresponding guarantees within 30 days from receiving the notice, or 45 days from the announcement date if no notice is received [1] Group 2 - The announcement provides specific details for creditors on how to declare their claims, including the declaration location, time frame, and required materials [2] - The declaration period is set from July 18, 2025, to September 1, 2025, during working hours [2] - Required materials for claim declaration include original and photocopies of contracts, agreements, and relevant performance evidence [2]

关于回购注销部分限制性股票、减少注册资本 暨通知债权人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、通知债权人的原因 成都市兴蓉环境股份有限公司（以下简称：公司）于 2025 年 7 月 1 日召开第十届董事会第二十四次会议和第十届监事会第十三次 会议，并于 2025 年 7 月 17 日召开 2025 年第四次临时股东大会，审 议通过了《关于回购注销部分限制性股票、减少注册资本的议案》。 鉴于公司 2022 年限制性股票激励计划部分激励对象不再具备激励对 象资格，公司将回购注销其已获授但未解除限售的限制性股票合计 42.60 万股，回购注销完成后，公司总股本将由 2,984,434,721 股变更 为 2,984,008,721 股，注册资本相应变更为 2,984,008,721 元。 二、需债权人知晓的相关信息 证券代码：000598 证券简称：兴蓉环境 公告编号：2025-41 成都市兴蓉环境股份有限公司 邮 编：610041 传 真：028-85007801 联系电话：028-85293300-8232 联系邮箱：xrec000598@c ...

北京炜衡（成都）律师事务所 关于 成都市兴蓉环境股份有限公司 2025 年第四次临时股东大会的 法 律 意 见 书 二〇二五年七月十七日 炜衡成都（律意）字[2025]第1381号 致：成都市兴蓉环境股份有限公司（以下简称"贵公司"） 北京炜衡（成都）律师事务所（以下简称"本所"或"我们"）接受贵公司的 委托，指派刘复梁、向菁律师（以下简称为"本所律师"）出席了贵公司 2025 年第 四次临时股东大会（以下简称为"本次股东大会"）。本所律师依据《中华人民共 和国公司法》（以下简称为"《公司法》"）、《中华人民共和国证券法》（以下 简称为"《证券法》"）、《上市公司股东会规则》（以下简称为"《规则》"）、 《深圳证券交易所上市公司股东会网络投票实施细则》（以下简称为"《实施细则》"） 等相关法律、法规及规范性文件和《成都市兴蓉环境股份有限公司章程》（以下简 称为"《公司章程》"）的规定，就本次股东大会的召集、召开程序、出席会议人 员的资格、表决方式及表决程序等有关事宜出具本法律意见书。 Beijing W&H Law Firm, Chengdu Office 成都高新区天府大道北段 1777 号 7 栋 1 单 ...

Core Viewpoint - Chengdu Xingrong Environment Co., Ltd. has been assigned a long-term credit rating of AAA and a bond rating of AAAsti for its 2025 public offering of technology innovation corporate bonds, with a stable outlook [1][3]. Company Overview - Chengdu Xingrong Environment Co., Ltd. is the main water service operator in Chengdu, with significant regional monopoly advantages in water supply and sewage treatment [4][5]. - The company has a robust governance structure and experienced management team, contributing to its operational efficiency [4][16]. Financial Performance - The company reported total revenue of 90.49 billion yuan and a profit of 24.17 billion yuan for 2024, with a continuous increase in revenue and profit margins from 2022 to 2024 [8][14]. - As of March 2025, the company's total assets reached 491.79 billion yuan, with owner’s equity at 201.70 billion yuan [8][14]. Investment and Growth Prospects - The company plans to issue bonds up to 600 million yuan to repay maturing debts, indicating a strategy to manage its financial obligations effectively [4][5]. - Future projects in water supply and sewage treatment are expected to enhance the company's capacity and expand its business scale [4][5]. Industry Environment - The water industry in China is characterized by public service and regional monopoly, with the water supply sector being relatively mature while sewage treatment is still developing [11][12]. - The industry faces challenges such as low marketization and long water price adjustment cycles, but there is potential for growth in sewage treatment due to increasing urbanization and policy support [11][12]. Regional Economic Context - Chengdu's GDP is projected to grow by 5.7% in 2024, supported by a stable fiscal environment and increasing public budget revenues [14][15]. - The city aims to enhance its water resource management and infrastructure, with plans to construct and expand water treatment facilities to meet future demand [14][15].

成都市兴蓉环境股份有限公司 2025 年面向专业投资者公开发行 科技创新公司债券（第一期）募集说明书 | 发行人 | 成都市兴蓉环境股份有限公司 | | --- | --- | | 注册金额 | 不超过（含）人民币 亿元 20 | | 发行金额 | 不超过（含）人民币 6 亿元 | | 增信措施情况 | 无担保 | | 信用评级结果 | 主体评级 AAA/债项评级 AAAsti | | 信用评级机构 | 联合资信评估股份有限公司 | 主承销商/簿记管理人/债券受托管理人： 国泰海通证券股份有限公司 签署日期： 年 月 日 成都市兴蓉环境股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券（第一期）募集说明书 1 成都市兴蓉环境股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券（第一期）募集说明书 声明 发行人将及时、公平地履行信息披露义务。 发行人及其全体董事、监事、高级管理人员或履行同等职责的人员保证募集 说明书信息披露的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏。 主承销商已对募集说明书进行了核查，确认不存在虚假记载、误导性陈述和 重大遗漏，并对其真实性、准确性和完整 ...