福建龙净环保股份有限公司 关于向2024年股票期权激励计划激励对象授予 预留股票期权的公告 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。 重要内容提示： 福建龙净环保股份有限公司（以下简称"公司"）2024 年股票期权激励计 划（以下简称"本激励计划"）的预留股票期权授予条件已成就。根据公司 2025 年第二次临时股东会的授权，公司于 2025 年 8 月 25 日召开第十届董事会第十六 次会议和第十届监事会第十二次会议，审议通过了《关于向 2024 年股票期权激 励计划激励对象授予预留股票期权的议案》，同意确定 2025 年 8 月 25 日为预留 部分授予日，以 11.95 元/份的行权价格向符合授予条件的 133 名激励对象授予 360 万份股票期权。现将有关事项说明如下： 一、本次股票期权激励计划授予情况 证券代码：600388 证券简称：龙净环保 公告编号：2025-048 （一）已履行的相关审批程序 1、2024 年 12 月 5 日，公司召开第十届董事会第十次会议、第十届监事会 第七次会议，审议通过了《关于公司 ...

关于福建龙净环保股份有限公司 2024 年股票期权激励计划预留授予事项的 法 律 意 见 书 福建至理律师事务所 地址：福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 电话：（86 591）8806 5558 传真：（86 591）8806 8008 网址：http://www.zenithlawyer.com 福建至理律师事务所 关于福建龙净环保股份有限公司 件，随其他材料一同上报或公开披露，并愿意依法承担相应的法律责任。 3.本所律师仅就公司本次激励计划的相关法律事项发表意见，而不对公司本 次激励计划所涉及的公司股票价值、考核标准的合理性以及会计、财务等非法律 专业事项发表意见。本所律师在本法律意见书中引用与该等非法律专业事项有关 的财务数据或结论时，并不意味着本所律师对这些数据或结论的真实性和准确性 作出任何明示或默示的保证。对于该等文件所涉的内容，本所律师依法并不具备 进行核查和作出评价的适当资格。 4.为出具本法律意见书之目的，本所律师已得到龙净环保作出的如下保证： 其所提供的所有资料、信息和作出的声明、承诺、确认及说明等均为真实、准确、 完整和及时的，资料副本或复印件与其原始资料或原件 ...

Core Insights - Longking Environmental (龙净环保) reported a revenue of 4.683 billion yuan for the first half of 2025, reflecting a year-on-year growth of 0.24% [1] - The net profit attributable to shareholders reached 445 million yuan, marking a year-on-year increase of 3.27% [1] - The basic earnings per share stood at 0.35 yuan [1] Environmental Business Performance - The company's environmental business showed stable and healthy development during the reporting period [1] Clean Energy Business Contribution - The clean energy segment made a significant contribution, achieving nearly 100 million yuan in net profit [1] Energy Storage Cell Business - Despite intense market competition, the energy storage cell business improved rapidly in both production and quality through deepened collaboration with EVE Energy (亿纬锂能) [1] - The energy storage cell segment began to achieve profitability during the first half of the year [1]

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 4,683,444,667.17, a slight increase of 0.24% compared to CNY 4,672,123,317.62 in the same period last year[19] - The total profit for the first half of 2025 reached CNY 519,804,747.55, reflecting a growth of 0.41% from CNY 517,673,031.08 year-on-year[19] - The net profit attributable to shareholders was CNY 445,457,314.48, which is a 3.27% increase from CNY 431,351,514.48 in the previous year[19] - Basic earnings per share decreased by 12.5% to CNY 0.35 from CNY 0.40 in the same period last year[21] - The weighted average return on equity decreased by 1.12 percentage points to 4.33% from 5.45% year-on-year[21] - The net profit after deducting the impact of share-based payments was CNY 462,607,818.32, an increase of 7.25% compared to CNY 431,351,514.48 in the previous year[23] - The net profit attributable to the parent company was 445 million yuan, up 3.27% year-on-year, while the net profit after deducting non-recurring gains and losses was 416 million yuan, an increase of 6.63%[30] - The total comprehensive income for the first half of 2025 was CNY 448,380,820.04, compared to CNY 435,455,860.72 in the first half of 2024, reflecting a growth of 3.1%[87] Cash Flow and Liquidity - The net cash flow from operating activities significantly decreased by 98.11%, amounting to CNY 10,049,952.09 compared to CNY 531,726,095.47 in the same period last year[19] - The cash inflow from operating activities increased to CNY 3,788,299,711.61 in the first half of 2025, compared to CNY 3,668,086,440.82 in the same period of 2024[92] - The net cash flow from operating activities for the first half of 2025 was -290,630,085.62 RMB, compared to -52,158,415.39 RMB in the same period of 2024, indicating a decline in operational cash generation[96] - The total cash inflow from financing activities was 824,285,600.00 RMB, compared to 914,000,000.00 RMB in the previous year, reflecting a decrease in capital raised[97] - The total cash and cash equivalents at the end of the period were 1,234,416,902.51 RMB, a decrease from 932,258,916.14 RMB year-over-year[97] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 27,762,930,148.83, up 3.62% from CNY 26,792,319,059.54 at the end of the previous year[19] - The total liabilities increased to CNY 17,312,626,055.14 from CNY 16,455,836,991.92[81] - The total current assets as of June 30, 2025, amounted to CNY 16,409,219,033.05, an increase from CNY 15,743,852,083.56 as of December 31, 2024, reflecting a growth of approximately 4.22%[79] - The total liabilities and equity structure remains stable with no significant changes reported[79] Investments and Subsidiaries - The company established two new subsidiaries and invested in two other companies during the reporting period, with a total investment amount of RMB 13,856.49 million[48] - The subsidiary "脱硫脱硝" generated a net profit of RMB 5,800.83 million, contributing significantly to the overall net profit[49] - The newly established subsidiary "紫金龙净国际（香港）控股有限公司" achieved an operating income of RMB 13,488.91 million and a net profit of RMB 1,608.58 million during the reporting period[49] Market and Business Development - The company secured new environmental equipment engineering contracts totaling 5.370 billion yuan, with the power industry accounting for 61.61% and the non-power industry 38.39%[30] - The total amount of environmental projects on hand reached 19.971 billion yuan, maintaining the company's leading position in the industry[30] - The company is actively expanding its overseas projects in Guyana, Suriname, Côte d'Ivoire, and the Democratic Republic of the Congo, ensuring timely progress[34] - The company has expanded its international market presence by establishing offices in Southeast Asia and is focusing on developing additional international marketing networks[39] Research and Development - Research and development expenses increased by 4.70% to approximately ¥218.71 million, up from ¥208.89 million in the previous year[43] - The company has made significant advancements in technology, including the development of a 500Nm3/h alkaline water electrolysis hydrogen production system[37] - The company aims to strengthen its core competitiveness in the environmental protection and new energy sectors through ongoing technological innovation and product upgrades[37] Shareholder Information - The number of ordinary shareholders reached 44,341 by the end of the reporting period[70] - The largest shareholder, Zijin Mining Group Co., Ltd., holds 21.08% of the shares, totaling 267,764,576 shares[71] - The second-largest shareholder, Longyan State-owned Assets Investment and Operation Co., Ltd., holds 7.90% of the shares, totaling 100,371,338 shares[71] Corporate Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[113] - The company has maintained good integrity status for both itself and its controlling shareholders during the reporting period[60] - The company has no significant litigation or arbitration matters during the reporting period[60] Financial Instruments and Accounting Policies - The company classifies financial assets based on the business model for managing them and their cash flow characteristics, including those measured at amortized cost and at fair value[148] - Financial liabilities are classified into categories including those measured at fair value with changes recognized in profit or loss and those measured at amortized cost[150] - The company recognizes unrealized internal transaction gains and losses fully in the net profit attributable to the parent company[132] Challenges and Risks - The company is facing challenges in the non-electricity sector, with reduced investment in environmental projects and delays in new and renovation projects[50] - The energy storage industry is experiencing intensified competition and price wars, impacting overall operational conditions[50] - The company plans to enhance customer relationship management and systematically identify potential risks to improve contract order quality[50]

第五条 公司和其他信息披露义务人有确实充分的证据证明拟披露的信息涉及 国家秘密或者其他因披露可能导致违反国家保密规定、管理要求的事项（以下统 称"国家秘密"），依法豁免披露。 第六条 公司和其他信息披露义务人有保守国家秘密的义务，不得通过信息披 露、投资者互动问答、新闻发布、接受采访等任何形式泄露国家秘密，不得以信 息涉密为名进行业务宣传。 第一条 为规范福建龙净环保股份有限公司（以下简称"公司"）和其他信息 披露义务人的信息披露暂缓与豁免行为，加强信息披露事务管理，保护投资者合 法权益，根据《中华人民共和国保守国家秘密法》《中华人民共和国证券法》（ 以下简称"《证券法》"）、《上市公司信息披露管理办法》《上市公司信息披 露暂缓与豁免管理规定》等法律、法规和规范性文件以及《福建龙净环保股份有 限公司章程》（以下简称"《公司章程》"）的规定，制订本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、 临时报告中豁免披露中国证监会和上海证券交易所规定或者要求披露的内容，适 用本制度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地披 露信息，不得滥用暂缓或者豁免披露规避 ...

龙净环保公告，2025年上半年营业收入46.83亿元，同比增长0.24%。净利润4.45亿元，同比增长 3.27%。 ...

Group 1 - The core viewpoint of the article highlights a significant decline in the production of air pollution control equipment in China, with a projected decrease of 24.4% year-on-year for June 2025 [1] - According to the National Bureau of Statistics, the cumulative production of air pollution control equipment in China for the first half of 2025 is reported at 152,000 units, reflecting a 23.5% decrease [1] - The article references a market supply and demand report by Zhiyan Consulting, which assesses the investment potential in the air pollution control equipment industry from 2025 to 2031 [1] Group 2 - Listed companies in the air pollution control sector include Longjing Environmental Protection (600388), Qingxin Environment (002573), Fida Environmental Protection (600526), Xuelang Environment (300385), China Electric Environmental Protection (300172), and Yongqing Environmental Protection (300187) [1]

Group 1: Industry Overview - The environmental industry is experiencing a slight improvement in profitability due to rising metal prices and increased discount coefficients [1][6] - The average price of lithium carbonate is 83,900 (up 1.4% week-on-week), while cobalt and nickel prices are 261,000 (down 0.8%) and 120,900 (down 0.7%) respectively [1][6] - The government is implementing new guidelines to regulate PPP projects, which could lead to a revaluation of asset values and improved cash flow in the environmental sector [3][4] Group 2: Company Tracking - **China Everbright Environment** reported a 8% decline in revenue to 14.304 billion HKD and a 10% drop in net profit to 2.207 billion HKD for H1 2025, attributed to construction revenue decline and impairment losses [3] - **Jinlv Environment** is leading in the unmanned sanitation equipment market, with over 90 projects won in H1 2025, totaling 5.579 billion [3] - **ST Zhongzhuang** has entered a restructuring phase, with a plan to increase its total share capital to no more than 1.95 billion shares [3] Group 3: Investment Recommendations - Companies recommended for investment include: Hanlan Environment, Green Power, Conch Venture, Yongxing Shares, and others [2] - Companies to watch include: Green Power Environmental, Deyu Water Saving, and others [2] Group 4: Market Trends - The sanitation equipment market is seeing a 6.75 percentage point increase in new energy penetration, with total sales of sanitation vehicles reaching 43,967 units in the first seven months of 2025 [5] - The biodiesel market is stable, with an average price of 8,275 CNY per ton, while the profit margin has decreased significantly [5][6]

Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises engaged in waste resource recycling in China, with a total of 4,085 companies reported in the first half of 2025, marking an increase of 348 companies or a year-on-year growth of 9.31% [1] - The report indicates that the proportion of these enterprises within the total industrial enterprises stands at 0.79% [1] - The data referenced in the article is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting [3] Group 2 - The companies mentioned in the article include Greenme (002340), Huicheng Environmental Protection (300779), Shenwu Energy Saving (000820), Farsen (000890), Yingfeng Environment (000967), Chuhuan Technology (001336), Longjing Environmental Protection (600388), Fida Environmental Protection (600526), Yutong Heavy Industry (600817), and Jingjin Equipment (603279) [1]

Group 1 - The core viewpoint of the article highlights the growth in the waste resource recycling industry in China, with a notable increase in the number of enterprises engaged in this sector [1]. - As of January to May 2025, there are 4,065 enterprises in the waste resource comprehensive utilization industry, which is an increase of 357 enterprises compared to the same period last year, representing a year-on-year growth of 9.63% [1]. - The proportion of these enterprises in the total industrial enterprises stands at 0.78% [1]. Group 2 - The report referenced is from Zhiyan Consulting, which provides insights into the competitive landscape and industry trends of the waste resource recycling sector in China from 2025 to 2031 [1].