Summary of Veolia Environnement Update / Briefing Company Overview - **Company**: Veolia Environnement (OTCPK: VEOE.F) - **Industry**: Urban energy, waste management, and environmental services - **Key Focus**: Decarbonization, urban heating networks, and energy efficiency Core Points and Arguments 1. **Acquisition Announcement**: Veolia announced a major acquisition in the US related to hazardous waste, emphasizing its strategy of combining strongholds and boosters in its operations [1] 2. **Pozna's Energy Transformation**: Pozna is transitioning to a 100% coal-free urban heating network by 2030, showcasing a model for energy transformation across Europe [2] 3. **New Energy Equation**: The energy crisis has highlighted the need for local energy production, affordability, stability, efficiency, flexibility, and decarbonization, which Veolia aims to address [3] 4. **Revenue Breakdown**: In 2024, Veolia generated EUR 45 billion in revenues, with energy representing 25% (EUR 11 billion) of its business, primarily from urban heating networks [4][24] 5. **Heating Networks**: 50% of energy consumed in Europe is heat, with 75% still derived from fossil fuels, presenting a significant opportunity for transformation [6] 6. **Leadership in Urban Heating**: Veolia claims leadership in urban heating networks due to its scale, local presence, public procurement expertise, and ability to integrate various energy solutions [7][8] 7. **Efficiency Metrics**: Veolia operates at an average efficiency of 88% across its networks, with some achieving 94%, compared to the European average of 75% [11] 8. **Decarbonization Projects**: Significant projects in Germany and the Czech Republic have achieved emission reductions of 45% to 60% without service interruptions, with investments totaling EUR 700 million since 2018 [14][15] 9. **EcoThermal Grid Launch**: Veolia launched EcoThermal Grid to optimize existing networks and create new ones, targeting a EUR 4 billion addressable market and EUR 350 million in additional turnover by 2030 [19][20] 10. **2030 Ambition**: Veolia aims to become the number one player in urban heating in Europe, achieve a coal exit across all operations, and generate EUR 350 million from EcoThermal Grid [20] Additional Important Insights 1. **Regulatory Support**: EU regulations are accelerating the shift towards decarbonization and energy efficiency, with ambitious targets for connecting additional citizens to heating networks by 2030 [6] 2. **Financial Resilience**: Veolia's strategy includes hedging against energy price volatility and maintaining stable cash flows through long-term contracts and pass-through mechanisms [28][29] 3. **Growth Drivers**: Future growth will come from new connections, additional services, and geographic expansion, supported by favorable regulations and efficiency gains [30][31] 4. **Coal Exit Strategy**: Veolia's commitment to exit coal by 2030 involves a multi-fuel approach, including biomass, waste heat recovery, and geothermal energy, with expected additional EBITDA of EUR 250 million [32][34] 5. **Partnership with Pozna**: The collaboration with the city of Pozna has been crucial for the successful transition to a decarbonized heating system, highlighting the importance of local partnerships [49][60] This summary encapsulates the key points from the Veolia Environnement update, focusing on the company's strategic direction, financial performance, and commitment to sustainability and decarbonization in urban energy systems.

如果说网络攻击里有一种最难防、最令人头疼的威胁，那大概率不是勒索病毒、APT 组织，也不是零 日漏洞，而是——你的前同事。 2021 年 5 月发生在美国休斯敦的一起内部员工攻击事件，直到最近才随着法院审理推进而完全曝光： 一家业务覆盖美国全国的大型企业，在短短几分钟内被打回"未激活状态"，造成 86.2 万美元（约人民 币 613 万元）直接损失，并触发业务连续性危机。 而这件事的肇事者，只是一名被开除的 IT 外包人员。 外包被解雇后，又轻松回到内网 根据美国司法部（DOJ）文件，这名 IT 外包名为 Maxwell Schultz，现年 35 岁，来自美国俄亥俄州，曾 作为一名合约工，为一家大型企业的IT 部门提供技术支持工作。虽然 DOJ 并未直接点名，但多家地方 媒体推测，这家公司正是美国废物管理公司 Waste Management（简称 WM）。 2021 年 5 月 14 日，时年 31 岁的 Maxwell Schultz 被原公司解除合约，账号权限也按流程立即被撤销。 按理说，故事到这里就应该结束：毕竟一般而言，公司在解雇员工或外包时，会同步完成账号权限回收 与系统级权限吊销；然而，现实的 ...

Core Insights - The company is focused on waste-to-fuel projects, aiming to convert difficult waste streams into low carbon, commercially viable fuel [3]. Company Overview - The company is identified as a waste solutions development company, emphasizing its role in the waste-to-fuel sector [3]. - It adopts a technology-neutral approach, selecting proven third-party technologies that align with its objectives [3]. Project Update - The presentation serves as an update on Project Nexus, indicating ongoing developments and future directions [2]. - The company emphasizes the importance of forward-looking information in its communications, adhering to public company regulations [2].

Group 1 - The company Dongjiang Environmental Protection (SZ 002672) announced the convening of its eighth board meeting on November 17, 2025, to discuss various proposals including the second extraordinary general meeting of shareholders for 2025 [1] - For the first half of 2025, the company's revenue composition is as follows: 43.06% from industrial waste resource utilization, 26.46% from industrial waste treatment, 19.14% from precious metal recovery, 4.5% from electronic waste dismantling, and 2.98% from municipal waste treatment [1] - As of the report date, Dongjiang Environmental Protection has a market capitalization of 6.1 billion yuan [1]

11月13日，超越科技涨5.11%，截至发稿，报25.28元/股，成交3781.48万元，换手率3.63%，总市值 23.83亿元。 资料显示，安徽超越环保科技股份有限公司位于安徽省滁州市南谯区沙河镇超越循环经济产业园，成立 日期2009年7月28日，上市日期2021年8月24日，公司主营业务涉及工业危险废物和医疗废物处置服务以 及废弃电器电子产品拆解服务。主营业务收入构成为：危险废物处置61.83%，电子废弃处置31.86%， 锂电池综合利用收入2.79%，报废机动车处置2.65%，检测服务收入0.45%，资源回收收入0.23%，其他 (补充)0.18%。 从超越科技十大流通股东角度 数据显示，中信保诚基金旗下1只基金位居超越科技十大流通股东。中信保诚多策略混合(LOF)A （165531）三季度新进十大流通股东，持有股数40.5万股，占流通股的比例为0.95%。根据测算，今日 浮盈赚取约49.82万元。 中信保诚多策略混合(LOF)A（165531）成立日期2017年6月16日，最新规模11.33亿。今年以来收益 47.96%，同类排名1062/8145；近一年收益46.38%，同类排名687/8059； ...

分红方面，超越科技A股上市后累计派现2356.33万元。近三年，累计派现0.00元。 融券方面，超越科技11月12日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，安徽超越环保科技股份有限公司位于安徽省滁州市南谯区沙河镇超越循环经济产业园，成立 日期2009年7月28日，上市日期2021年8月24日，公司主营业务涉及工业危险废物和医疗废物处置服务以 及废弃电器电子产品拆解服务。主营业务收入构成为：危险废物处置61.83%，电子废弃处置31.86%， 锂电池综合利用收入2.79%，报废机动车处置2.65%，检测服务收入0.45%，资源回收收入0.23%，其他 (补充)0.18%。 截至11月10日，超越科技股东户数7813.00，较上期增加0.08%；人均流通股5481股，较上期减少 0.08%。2025年1月-9月，超越科技实现营业收入1.51亿元，同比减少33.36%；归母净利润-8782.14万 元，同比减少149.05%。 11月12日，超越科技涨1.86%，成交额6751.94万元。 ...

Group 1 - The core viewpoint of the news highlights the financial performance and market activity of ChaoYue Technology, indicating a decline in revenue and net profit for the first nine months of 2025 [2] - As of November 11, ChaoYue Technology's stock price increased by 0.25%, with a trading volume of 39.66 million yuan, and a net financing outflow of 2.09 million yuan [1] - The company's financing balance is 29.10 million yuan, accounting for 1.31% of its market capitalization, which is below the 50th percentile level over the past year, indicating a low financing position [1] Group 2 - For the period from January to September 2025, ChaoYue Technology reported an operating income of 151 million yuan, a year-on-year decrease of 33.36%, and a net profit attributable to shareholders of -87.82 million yuan, a decline of 149.05% [2] - The company has not distributed any dividends in the past three years, with a total payout of 23.56 million yuan since its A-share listing [3] - As of September 30, 2025, the number of shareholders decreased by 4.47% to 7,807, while the average circulating shares per person increased by 4.68% to 5,485 shares [2]

Group 1 - The core viewpoint of the news is that ChaoYue Technology has seen a significant increase in its stock price, rising 5.64% to 24.52 CNY per share, with a total market capitalization of 2.311 billion CNY and a trading volume of 37.2159 million CNY [1] - ChaoYue Technology has experienced a continuous stock price increase for five consecutive days, with a cumulative increase of 4.93% during this period [1] - The company specializes in the disposal of industrial hazardous waste and medical waste, as well as the dismantling of discarded electrical and electronic products, with its main business revenue composition being 61.83% from hazardous waste disposal and 31.86% from electronic waste disposal [1] Group 2 - Among the top circulating shareholders of ChaoYue Technology, CITIC Prudential Fund has entered the list with its multi-strategy mixed fund (LOF) A, holding 405,000 shares, which accounts for 0.95% of the circulating shares [2] - The fund has achieved a year-to-date return of 47.14% and a one-year return of 50.19%, ranking 1332 out of 8148 and 773 out of 8053 respectively in its category [2] - The fund manager, Wang Ying, has been in position for 8 years and 267 days, with the fund's total asset size reaching 4.904 billion CNY [3]

丛麟科技上市募集资金总额为158,998.56万元，扣除发行费用（不含税）后募集资金净额为 143,688.96万元。丛麟科技最终募集资金净额比原计划少59311.04万元。2022年8月19日，丛麟科技发 布的招股书显示，公司拟募集资金203,000.00万元，分别用于上海临港地区工业废物资源化利用与处 置示范基地再制造能力升级项目、阳信县固体废物综合利用二期资源化项目、运城工业废物综合利用处 置项目、运城工业废物综合利用处置基地刚性填埋场项目、补充流动资金。 丛麟科技发行费用共计15,309.60万元，中信证券股份有限公司获得保荐承销费12,719.88万元。 中国经济网北京11月5日讯 丛麟科技(688370.SH)今日收报25.09元，跌幅2.30%。目前该股处于破 发状态。 丛麟科技于2022年8月25日登陆上交所科创板，公开发行的股票数量为26,606,185股，发行数量约 占发行后总股本的25.01%，发行价格为59.76元/股，保荐机构（主承销商）为中信证券股份有限公 司，保荐代表人为刘永泽、先卫国。 2023年6月29日，丛麟科技发布2022年年度权益分派实施公告。本次利润分配及转增股本以方 ...

Core Insights - Qiaoyin Co., Ltd. has been selected as a supplier for an environmentally friendly waste-to-energy project in Indonesia, indicating potential growth opportunities in the renewable energy sector [2] Group 1 - The company announced its inclusion in the supplier list for the Indonesian project, which highlights its commitment to sustainable energy solutions [2] - The next steps involve participating in the selection process for project partners, which introduces an element of uncertainty regarding final investment qualifications and contract execution [2]