1月12日晚间，中原环保股份有限公司（以下简称"中原环保"）发布公告称，公司拟以公开摘牌方式收 购郑州市新泓再生水资源开发利用有限公司（以下简称"新泓公司"）100%股权。 公告显示，2025年12月25日，郑州市人民政府国有资产监督管理委员会将新泓公司100%股权于郑州市 公共资源交易中心进行对外公开挂牌转让，挂牌价格为1.46亿元。 中原环保收购标的公司后，将进一步提升公司再生水利用业务的融合度，统筹污水处理、再生水业务的 协同发展，持续增强公司盈利能力。 对于购买资产的目的，中原环保表示，新泓公司主营业务再生水开发应用与公司的污水处理业务高度协 同，公司可以将原本用于排放的处理后的污水转化为可销售的再生水，提升综合附加值、扩展产业链 条。为抢抓郑州市再生水利用市场，公司已设立再生水事业部和再生水运营中心，并摘牌收购了郑州市 三环、四环再生水管线资产。本次收购标的公司将进一步稳固公司在再生水领域的优势，优化公司的业 务结构。 若公司成功摘牌，新泓公司将纳入上市公司合并报表范围，进一步增强上市公司整体盈利能力，经测 算，预计平均每年可增加营业收入约2667万元，预计增加年均净利润约904万元。 新泓公司的核 ...

Group 1 - The company intends to acquire the assets of Zhengzhou's Sanhuan and Sihuan recycled water pipelines through a public bidding process, with a total listing price of RMB 145,764.02 million [8][19][33] - The acquisition aligns with national policies promoting recycled water utilization, enhancing resource allocation and expanding the company's operational capabilities in the recycled water sector [37][39] - The company has established a dedicated recycled water division to drive market development and improve operational efficiency [38][40] Group 2 - The board of directors has approved the proposal to participate in the bidding for the assets, with a maximum bidding price not exceeding 5% of the listing price [11][50] - The acquisition is expected to enhance the company's profitability, with projected average annual net profits of RMB 12,576.57 million starting from 2031 [41][42] - The company plans to finance the acquisition through a combination of self-owned and raised funds, ensuring manageable cash flow during the initial investment phase [36][43] Group 3 - The Sanhuan assets include eight sub-assets, with a book value of RMB 44,471.43 million as of September 30, 2025, while the Sihuan assets are recorded as construction in progress with a book value of RMB 84,089.91 million [18][23] - The company has engaged third-party firms for due diligence and asset evaluation to ensure compliance and mitigate risks associated with the acquisition [9][10][24] - The acquisition is not expected to constitute a major asset restructuring as defined by relevant regulations [13]

三环资产中部分资产原产权属于公司控股股东郑州公用事业投资发展集团有限公司（简称"公用集团"） 的全资子公司郑州公用润城水利有限公司（简称"润城水利"）。2025年11月17日，根据《郑州市政府国 资委关于三环再生水管线资产无偿划转的批复》（郑国资〔2025〕33号）以及签订的《三环再生水管线 资产无偿划转协议》，三环资产无偿划转至郑州市城市管理局（简称"郑州市城管局"）；2025年11月18 日，根据《郑州市城市管理局关于再生水输配设施资产划转的通知》，郑州市城市管理局将前述资产划 转至市政设施中心。本次无偿划转时间较短，因公用集团为公司控股股东，润城水利属于公司关联方， 基于谨慎性原则，若公司成功摘牌，本次交易将构成关联交易。 格隆汇12月5日丨中原环保(000544.SZ)公布，公司拟通过公开摘牌方式收购郑州市市政设施事务中心 （简称"市政设施中心"）所持有的郑州市三环再生水管线资产（简称"三环资产"）、郑州市四环再生水 管线资产（简称"四环资产"）（两者合称为"标的资产"）。市政设施中心已将上述资产于郑州市公共资 源交易中心进行对外公开挂牌转让，公司能否成为最终受让方及最终受让价格均存在不确定性。202 ...

Group 1 - The core viewpoint of the articles highlights the efforts of forest rangers in Xinjiang to combat desertification and protect the ecological environment between the Taklamakan and Kumtag deserts [1][6][12] - The green ecological corridor created by the forest rangers has expanded from a narrow gap of less than 2 kilometers to 5.6 kilometers, effectively preventing the merging of the two deserts [6][12] - The ecological restoration efforts have led to a significant increase in vegetation coverage in the Aksu region, from 4.5% to 45%, and the area of ecological restoration has reached approximately 870,000 acres [30] Group 2 - The "water password" strategy in the Aksu region involves utilizing recycled water for afforestation, with 50 million cubic meters of recycled water introduced annually since 2021 [25][24] - The establishment of a 55-kilometer dedicated water pipeline and a 16-kilometer seepage prevention channel has facilitated the delivery of recycled water to the desert area [24] - The success of the afforestation efforts is reflected in the increased cotton yield from 200-250 kg per acre to 350 kg per acre due to improved environmental conditions [20] Group 3 - The establishment of the Cekel Desert Research Station has been pivotal in developing a comprehensive protective system against wind and sand, utilizing both natural and artificial vegetation [31][37] - The "Cekel model" combines natural plant growth with artificial planting to create a multi-layered defense against sand encroachment [37] - The research station has also focused on developing economic crops suitable for desert conditions, contributing to local economic benefits and improving the livelihoods of residents [38][40]

Core Viewpoint - The company, Zhongyuan Environmental Protection, has approved an investment plan to construct a reclaimed water pipeline project in Zhengzhou, which aims to enhance urban water supply and environmental sustainability [1] Investment Details - The company will invest in the construction of reclaimed water pipelines along 11 roads including Lianhua Street and 12 roads including Hanghai East Road, as well as 13 roads including Zicheng Road [1] - The planned pipeline will cover approximately 24.8 kilometers, with an additional 4.26 kilometers of branch pipelines and the installation of 29 intelligent water extraction facilities [1] Project Capacity - Upon completion, the project is expected to supply 14,500 cubic meters per day of urban miscellaneous water, 19,200 cubic meters per day for landscape and environmental use, and 9,600 cubic meters per day for clean energy supply [1] - The estimated total investment for the project is approximately 107 million yuan [1]

Group 1 - The company reported a 16.30% year-on-year decrease in operating revenue due to the transition of PPP projects into the operational phase, leading to a 30.29% decrease in operating costs, resulting in a slight 0.09% decrease in net profit attributable to shareholders [4][10][13] - The company has decided not to distribute cash dividends or issue bonus shares during the reporting period [3] - The company conducted impairment testing on its assets as of June 30, 2025, and recognized a total impairment provision of 71.14 million yuan, which will reduce the current profit by the same amount [10][13][14] Group 2 - The company approved an investment project for the construction of a power supply management project for the Zhengzhou New District sewage treatment plant, with an estimated total investment of approximately 68.80 million yuan [29][32] - The project will be operated under a 29-year contract energy management model, with a projected annual electricity consumption starting at 135 million kWh in the first year and increasing to 215 million kWh in subsequent years [44][53] - The company plans to increase the registered capital of its wholly-owned subsidiary by 14 million yuan to support the project [49][52] Group 3 - The company is also investing in the Zhengzhou Reclaimed Water Comprehensive Utilization Demonstration Project, with an estimated total investment of approximately 8.39 million yuan [56][59] - The project aims to promote the high-quality development of reclaimed water resources and will include the construction of facilities for car washing and electric vehicle charging [58][61] - The operational period for this project is set for 20 years, with a construction period of 5 months [60]

Core Viewpoint - Dayu Water-saving (300021.SZ) announced that its wholly-owned subsidiary, Gansu Dayu Water-saving Group Hydropower Engineering Co., Ltd., has won a bid for the EPC+O (Design-Construction-Operation) project in the Dianchi Lake area of Jinning District, Yunnan Province, with a total investment of approximately 91.65 million yuan [1] Group 1 - The project focuses on the comprehensive reform of agricultural water pricing and modern irrigation areas, specifically involving the utilization of recycled water [1] - The consortium led by the water and hydropower company will be responsible for all construction, EPC implementation management, and operational tasks, while Henan Lingjie Water Conservancy Survey and Design Research Co., Ltd. will handle the engineering design aspects [1] - The total investment for the project is estimated at 91.65 million yuan [1]

Core Viewpoint - The Zhengzhou municipal government has issued an action plan to enhance the utilization of reclaimed water in the central urban area, aiming to address water resource scarcity and promote sustainable urban development from 2025 to 2027 [1][2]. Group 1: Action Plan Goals - By the end of 2025, the reclaimed water production capacity is expected to reach 2.5 million tons per day, with a distribution network of 430 kilometers and a utilization rate exceeding 55% [1]. - By the end of 2026, the distribution network will expand to 492 kilometers, with 184 smart water extraction points and a utilization rate exceeding 60% [1]. - By the end of 2027, the network will further extend to 529 kilometers, with 205 smart water extraction points and a utilization rate exceeding 62% [1]. Group 2: Key Tasks - The plan includes promoting the implementation of the "Zhengzhou Reclaimed Water Utilization Special Plan (2021-2035)" to ensure unified allocation of reclaimed water resources [1]. - The construction of sewage treatment facilities will be prioritized to enhance reclaimed water supply, including the expansion and upgrading of existing plants [2]. - The plan emphasizes strict management of water usage, aiming to replace potable and groundwater with reclaimed water for urban uses such as irrigation and road cleaning [3]. Group 3: Industry Development - A "1+N" policy framework will be established to support the development and utilization of reclaimed water, including a market pricing mechanism based on quality [3]. - The plan will implement a supervision and inspection system for reclaimed water quality and supply, ensuring accountability among suppliers and maintenance units [3].

Group 1 - The meeting emphasized the importance of high-quality development and the construction of a new development pattern, focusing on the "two highs and four efforts" strategy [1] - The meeting highlighted the need to align with national and provincial "14th Five-Year" plans, conducting thorough research and gathering opinions for informed decision-making [1] - The meeting underscored the significance of capability and style construction as a key approach to achieving high-quality development and effective governance [1] Group 2 - The meeting discussed the promotion of recycled water utilization, advocating for water conservation and sustainable use to support modern urban construction and environmental protection [2] - The meeting addressed strategies to boost consumption, particularly in key areas, enhancing night-time consumption offerings and optimizing service to expand the influence of the "Beautiful Night Zhengzhou" brand [2] Group 3 - The meeting also reviewed preparations for major events such as the 2024-2025 Global Invention Conference National Finals in China [3]

Group 1 - The core viewpoint emphasizes the need for thorough rectification of environmental issues in Baoji City, highlighting the importance of adhering to ecological civilization principles and taking strong measures for problem resolution [1][2][3] - Baoji City has been criticized for inadequate enforcement of water resource constraints, frequent illegal water extraction, and poor management of recycled water utilization [2][3] - The provincial leadership is focused on enhancing the efficiency and effectiveness of recycled water use, establishing a comprehensive system that includes industrial, municipal, and agricultural applications [2][3] Group 2 - The provincial government is committed to strengthening the conservation and efficient use of water resources as a necessary choice to alleviate supply-demand conflicts and ensure water security [3] - There is a call for all levels of government to learn from typical cases, conduct thorough inspections, and address similar water-related issues in their respective areas [3] - The rectification of typical case problems is prioritized as a key task, aiming to improve ecological environment quality through systematic governance and institutional strengthening [3]