山西还实施农用地分类管理，加强受污染农用地溯源整治，巩固提升安全利用成效。严格建设用地准入 管理，完成263个关闭搬迁企业遗留地块的土壤污染管控，严格土壤污染风险管控和修复名录管理，有 效保障重点建设用地的安全利用。 地下水污染防治方面，山西完成3183个地下水型饮用水水源和污染源地下水环境状况调查评估，推动25 个化工园区开展地下水污染专项整治，圆满完成国家地下水污染防治试验区建设任务，地下水污染逐步 得到管控。 山西已建立地下水型饮用水水源优先防控名单，完成地下水污染防治重点区和地下水型饮用水水源补给 区划定，地下水环境分区管理、分级防治取得初步成效。强化地下水监测点位达标管理，国控区域点位 Ⅰ—Ⅳ类水比例稳定在98%以上，地下水污染防治体系初步构建。 "全省农村生活污水治理率达到51.2%，较'十三五'提升了42.4个百分点。"11月27日，山西省召开"高质 量完成'十四五'规划"系列主题新闻发布会，山西省生态环境厅副厅长吴丽玲介绍了"十四五"以来山西省 生态环境保护工作成效。 "山西将农村黑臭水体治理纳入省政府民生实事强力攻坚，全省累计完成508个农村黑臭水体治理，消除 黑臭水体面积约190万平方米， ...

每经AI快讯，路德科技（SH 688156，收盘价：17.28元）11月28日晚间发布公告称，刘娜女士因个人原 因辞去公司证券事务代表职务。刘娜女士辞职后将不再担任公司任何职务，其负责的工作已完成交接， 辞职不会影响公司相关工作的正常开展。 2024年1至12月份，路德科技的营业收入构成为：环境治理占比93.72%，其他业务占比6.28%。 截至发稿，路德科技市值为17亿元。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 曾健辉） ...

Core Points - The company has approved a loan of RMB 64.26 million to its subsidiary, Hebei Xiong'an Chuangxin Environmental Governance Co., Ltd, to repay interest-bearing debts and supplement operating funds [10][11][12] - The loan will have a term of one year with an interest rate of 4.55% per annum [10][11] - The decision was made during the 10th temporary meeting of the 9th Board of Directors held on November 27, 2025, with unanimous approval from all 11 directors present [2][12][16] Financial Assistance Overview - The financial assistance is aimed at supporting the subsidiary's business development and meeting its financial obligations [11][13] - The subsidiary has a debt ratio exceeding 70%, indicating a need for financial support [12] - The company holds a 51% stake in the subsidiary, allowing it to effectively manage risks associated with the financial assistance [10][13] Decision-Making Process - The board meeting was conducted in accordance with the Company Law and the company's articles of association [1] - The proposal for the loan will be submitted for approval at the upcoming shareholders' meeting [3][5] Loan Agreement Details - The loan agreement will specify the amount, term, interest rate, and intended use of funds [15] - In case of default, a penalty of 0.05% per day on the overdue amount will be applied [15] Risk Management - The company has established a robust governance structure to manage the subsidiary's operations and finances [14][16] - The financial assistance is deemed to be within a controllable risk range and will not adversely affect the company's normal operations [10][16]

会上，上海市生态环境局详细解读《上海碳市场全面深化改革行动方案（2026-2030年）》，明确 下一阶段上海碳市场深化发展的总体思路、主要目标和重点任务，为市场参与方提供清晰的政策预期。 上海市经济信息中心就上海碳市场配额分配方案的核心原则、方法学要点及实施考量进行专业阐释，增 强市场对配额分配机制的理解。上海清算所重点推介上海碳配额远期中央对手清算业务，详细介绍了业 务模式、风控措施及服务优势，旨在为市场提供规范、高效的清算服务，帮助市场参与主体管理价格波 动风险。 上海清算所表示，将继续发挥金融基础设施的职能，与各方携手，不断优化清算服务，为共同推动 上海国际金融中心建设、打造上海国际绿色金融枢纽贡献力量。 在交流研讨环节，国泰海通证券、华泰证券、东方证券等金融机构代表结合自身实践，分享了在上 海碳市场的参与情况及参与上海碳配额远期交易的心得体会。上海环境集团等控排企业代表从实体企业 需求出发，分享各类碳资产管理经验、并探讨利用碳金融工具管理风险、优化资产配置的路径方法。与 会代表还就进一步丰富碳金融产品、完善市场机制等踊跃建言，为上海碳市场及碳金融的下一步高质量 发展提出了宝贵建议。 责任编辑：杨喜亭 ...

证券之星消息，11月26日环境治理板块较上一交易日下跌0.37%，通源环境领跌。当日上证指数报收于 3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。环境治理板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300815 | 玉禾田 | 23.19 | 4.22% | 14.96万 | | 3.46亿 | | 603686 | 福龙马 | 27.23 | 3.14% | 87.37万 | | 23.54亿 | | 688101 | 三达膜 | 18.62 | 2.93% | 13.76万 | | 2.51亿 | | 300385 | 雪浪环境 | 6.42 | 2.72% | 18.29万 | | 1.16亿 | | 301259 | 文布鲁 | 39.03 | 2.60% | 16.40万 | | 6.40亿 | | 300437 | 清水源 | 66'81 | 1.77% | 70.70万 | | 13.58亿 | | 300 ...

格隆汇11月25日丨舜禹股份(301519.SZ)公布，公司于2025年11月24日在巨潮资讯网上披露了《关于联 合体预中标长丰县护城河流域水环境综合治理及绿色产业提升生态环境导向开发（EOD）项目（二 次）的提示性公告》（公告编号：2025-076）。公司于2025年11月25日收到安徽省招标集团股份有限公 司发来的《中标通知书》，确定公司与合肥市民生市政工程有限公司、中铁上海工程局集团有限公司、 安徽省城建设计研究总院股份有限公司组成的联合体为"长丰县护城河流域水环境综合治理及绿色产业 提升生态环境导向开发（EOD）项目（二次）"的中标人。项目总投资102,259.05万元，其中工程费用 80,743.57万元（护城河水环境及周边环境综合治理工程工程费用16,150.43万元，约占20.00%；绿色产 业提升工程工程费用64,593.14万元，约占80.00%）。公司作为联合体成员，预计份额为40,903.62万 元，具体实施内容及实施金额以最终签订的相关合同或协议约定为准。 ...

Core Viewpoint - Fuaan Co., Ltd. announced the convening of its 19th meeting of the fifth board of directors on November 25, 2025, to review the conditions for the second release of the restricted stock incentive plan for 2023 [1] Group 1: Company Performance - For the first half of 2025, Fuaan's revenue composition was as follows: 58.04% from the casting industry, 41.85% from environmental governance, and 0.1% from other businesses [1] - As of the report date, Fuaan's market capitalization was 4.6 billion yuan [1] Group 2: Industry Context - The company is facing challenges as another firm, identified by the code 688496, has been investigated by the China Securities Regulatory Commission for reporting a loss exceeding 100 million yuan shortly after its IPO, with its main customer reducing purchases due to self-supply [1]

Market Performance - The environmental governance sector rose by 0.73% on November 25, with Qing Shui Yuan leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Top Gainers - Qing Shui Yuan (300437) closed at 18.66, with a significant increase of 20.00% and a trading volume of 541,300 shares, amounting to 900 million yuan [1] - Wen Bu Lu (301259) saw a rise of 12.98%, closing at 38.04 with a trading volume of 159,200 shares, totaling 604 million yuan [1] - Zhong Chi Holdings (603903) increased by 9.73%, closing at 16.46 with a trading volume of 272,100 shares, amounting to 443 million yuan [1] Other Notable Performers - Da Di Ocean (301068) rose by 5.28%, closing at 29.11 with a trading volume of 18,300 shares, totaling 52.7 million yuan [1] - Hai Xia Environmental (603817) increased by 5.13%, closing at 7.38 with a trading volume of 389,400 shares, amounting to 282 million yuan [1] Market Flow - The environmental governance sector experienced a net inflow of 25.59 million yuan from institutional investors, while retail investors saw a net outflow of 170 million yuan [2][3] - The top net inflows from institutional investors were led by Qing Shui Yuan with 72.35 million yuan, followed by Wen Bu Lu with 50.15 million yuan [3] Decliners - Tong Yuan Environment (688679) decreased by 3.42%, closing at 24.82 with a trading volume of 32,000 shares, totaling 82.34 million yuan [2] - Qiao Yin Co., Ltd. (002973) fell by 3.11%, closing at 13.71 with a trading volume of 56,100 shares, amounting to 77.75 million yuan [2]

证券代码：688679 证券简称：通源环境公告编号：2025-027 安徽省通源环境节能股份有限公司 关于召开2025年第三季度业绩说明会的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 投资者可于2025年11月25日(星期二)至12月1日（星期一）16:00前登录上证路演中心网站首页点击"提 问预征集"栏目或通过公司邮箱（zqb_tongyuan@sina.com）进行提问。公司将在说明会上对投资者普遍 关注的问题进行回答。 安徽省通源环境节能股份有限公司（以下简称"公司"）已于2025年10月31日发布公司2025年第三季度报 告，为便于广大投资者更全面深入地了解公司经营成果、财务状况，公司计划于2025年12月2日（星期 二）上午9:00-10:00召开2025年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络文字互动形式召开，公司将针对2025年第三季度的经营成果及财务指标的具体 情况与投资者进行互 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][22]. Core Views - The company plans to issue up to 800 million shares of RMB ordinary shares for listing on the Shenzhen Stock Exchange, which represents 11.52% of the total share capital post-issuance. The funds raised will be used for business development and to supplement working capital [3][4]. - The issuance of A-shares is expected to have a limited dilution effect, and the company has sufficient free cash flow to maintain its dividend per share (DPS) [4][18]. - The garbage incineration industry is entering a mature phase, with a slowdown in capacity release. The national capacity for harmless treatment of municipal solid waste has increased to 1.5226 million tons per day, with incineration accounting for 76.08% [4][12]. - The company’s free cash flow has turned positive, reaching HKD 4.416 billion in 2024, indicating a shift from expansion to refined operations, which may lead to a revaluation in the secondary market [18][25]. Summary by Sections Share Issuance Impact - The proposed issuance of A-shares is expected to increase the total share capital from 6.143 billion to 6.943 billion shares, with a potential upper limit of 7.063 billion shares if the overallotment is exercised. The total dividend amount is projected to increase by 11.3% to HKD 15.97 billion, or by 14.9% to HKD 16.24 billion considering the overallotment [10][4]. Industry Analysis - The number of new garbage incineration projects has decreased significantly, with only 20 new projects in 2024, a reduction of 35 from 2023. The total investment in these projects is estimated at approximately HKD 5.26 billion, down about 80% from HKD 28.77 billion in 2023 [4][15]. Financial Performance - The company’s net profit for 2025 is projected to be HKD 3.532 billion, with a growth rate of 4.6% for the following years. The current price-to-earnings ratio (PE) is estimated at 8.7x for 2025, indicating potential for valuation recovery [22][25]. - The company has maintained a consistent dividend policy, with a projected DPS of HKD 0.23 for 2025, reflecting a commitment to returning value to shareholders [25][22]. Valuation Comparison - The current PE ratio of the company’s H-shares is 9.8x, significantly lower than the average issuance PE of over 20x for A-share listed garbage incineration companies, suggesting room for valuation improvement [18][22].