Core Viewpoint - The transaction involving the acquisition of assets and fundraising by Yuanda Environmental aims to transform the company from a single environmental engineering firm to a comprehensive platform integrating "environmental protection + electricity" [3][4][5] Group 1: Transaction Details - Yuanda Environmental has completed the issuance of shares and cash payment for asset acquisition, with the new shares expected to be listed on the Shanghai Stock Exchange after the lock-up period [1] - The transaction includes the purchase of 100% equity in Wuling Power Co., Ltd. for approximately 242.67 billion yuan and 64.93% equity in Changzhou Hydropower for about 29.12 billion yuan, totaling around 271.80 billion yuan [2] - The company plans to raise up to 5 billion yuan through a share issuance to no more than 35 qualified investors, with an issue price of 6.55 yuan per share [2] Group 2: Business Transformation - Following the transaction, Yuanda Environmental will expand its main business to include hydropower generation and integrated development operations in the energy sector, alongside its existing environmental services [3] - The acquisition signifies a strategic shift towards a dual-driven model of "environmental protection + electricity," enhancing the company's operational efficiency and market competitiveness [3][4] Group 3: Industry Implications - The merger and acquisition strategy aligns with national goals for high-quality capital market development and resource optimization, supporting the company's transformation and value creation [4] - The integration of hydropower assets is seen as a response to the growing demand for clean energy and environmental protection, positioning Yuanda Environmental favorably within the industry [5] - The combination of "hydropower + environmental protection" is viewed as a significant trend in the industry, potentially setting a new paradigm for large environmental enterprises [5]

Group 1 - The BRICS countries account for nearly half of the world's population, approximately 30% of the global economy, and one-fifth of global trade, indicating significant cooperation potential [1][3] - The "Dialogue with BRICS" event in Shandong attracted over 400 guests from more than 30 countries and regions, highlighting Shandong's role as a key hub for global industrial factor flow [2][3] - Shandong's trade with BRICS countries reached 550.6 billion yuan in the first three quarters of 2025, accounting for 21% of the province's total imports and exports, with a year-on-year growth of 23% [3] Group 2 - The company Youbot is advancing its humanoid robot technology, focusing on core technology upgrades and expanding its applications in various fields, targeting emerging markets like BRICS countries for international expansion [5] - Fada Flour Group is shifting its overseas expansion focus to products like instant noodles and frozen foods due to export restrictions on flour, with current exports to ten countries [6][7] - The World Trade Center Association emphasizes the transformation of Chinese enterprises from merely exporting products to exporting entire industrial ecosystems, indicating a shift in global business strategies [7] Group 3 - Decathlon plans to deepen its market presence in Shandong, leveraging the province's industrial chain advantages and large consumer base to enhance its retail and supply chain collaboration [9] - Stora Enso, a leading environmental engineering company, has been active in Shandong for over 50 years, providing localized environmental solutions and participating in significant projects [10] - The Shandong government aims to strengthen cooperation with BRICS countries in various sectors, including modern agriculture, advanced manufacturing, and digital economy, while promoting green technology and sustainable development [11]

Group 1 - Shandong is becoming a significant hub for the two-way flow of global industrial factors, driven by the "New BRICS" cooperation framework, as highlighted during the "Dialogue on BRICS" event [1] - The event attracted over 400 guests, including representatives from more than 50 business associations and enterprises from over 30 countries and regions, facilitating deeper cooperation between foreign and local companies [1] - The BRICS nations account for nearly half of the world's population, approximately 30% of the global economy, and one-fifth of global trade, indicating substantial cooperation potential for Shandong enterprises [2] Group 2 - In the first three quarters of 2025, Shandong's trade with BRICS countries reached 550.6 billion yuan, accounting for 21% of the province's total imports and exports, with a year-on-year growth of 23% [2] - Shandong's enterprises are increasingly looking to expand overseas, with companies like Youbote focusing on upgrading core technologies and exploring new markets in BRICS countries [3] - The development of advanced manufacturing is a key task for Shandong, aiming to integrate into the global supply chain and support enterprises in their international expansion [4][9] Group 3 - Youbote is advancing its humanoid robot technology, aiming to enhance performance and stability while expanding applications in various sectors, including emergency response and inspection [3] - Fada Flour Group is focusing on expanding its export of noodle products due to restrictions on direct flour exports, targeting markets in the U.S., Japan, South Korea, and Arab countries [4] - The shift in Chinese enterprises' globalization strategy from "product export" to "industrial ecosystem export" reflects a broader trend in international business [4] Group 4 - Decathlon plans to deepen its market presence in Shandong, recognizing the province's industrial advantages and large consumer base, while also promoting sustainable consumption models [7] - Stora Enso, a leading environmental engineering company, has been active in Shandong for over 50 years, focusing on localizing environmental solutions and participating in significant projects [8] - The Shandong government aims to enhance cooperation with BRICS countries in various sectors, including modern agriculture, advanced manufacturing, and digital economy, to foster investment and trade [9]

Core Viewpoint - The company, Tongxing Technology, has announced a significant investment plan of approximately 3.2 billion yuan to establish a production facility for sodium-ion battery materials and cells in Sichuan Province, which is expected to accelerate its strategic transformation and production capacity in the sodium-ion battery sector [1][2][3]. Investment Plan - Tongxing Technology signed a framework agreement with the People's Government of Ping Shan County to invest in a project with an annual production capacity of 100,000 tons of sodium-ion battery cathode materials and a 6GWh cell project, with a total investment of about 3.2 billion yuan [1][3]. - The investment allocation includes approximately 2 billion yuan for the cathode materials project and 1.2 billion yuan for the cell project, covering a total area of about 380 acres [3]. Financial Context - As of September 2025, Tongxing Technology's total assets were reported at 2.57 billion yuan, indicating that the new investment significantly exceeds its current asset base, effectively representing a reinvestment of its entire asset value [4]. - The company has shown a strong recovery in its financial performance, with a projected net profit of 61.98 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of over 200% [2][10]. Market Position and Technology - The sodium-ion battery business is a new focus for Tongxing Technology, which has been collaborating with leading enterprises since 2022 to develop sodium-ion battery materials and devices [6]. - Sodium-ion batteries are noted for their advantages in low-temperature performance and safety, maintaining nearly 90% capacity at -40°C, although they have lower energy density compared to lithium-ion batteries [6][7]. Industry Outlook - The company is betting on the sodium-ion battery sector, which is expected to grow due to the rising demand in the electric vehicle market and the advantages of sodium-ion technology in specific applications [5][6]. - The company has positioned itself in the poly-anion route for cathode materials, which offers significant advantages in cost, safety, and environmental friendliness, targeting markets such as energy storage and electric two-wheelers [7]. Stock Market Reaction - Following the announcement of the 3.2 billion yuan investment, Tongxing Technology's stock price experienced a strong surge, hitting the daily limit up on November 12, 2025 [11].

Group 1 - As of November 12, 37 companies have implemented their third-quarter dividend plans, distributing over 6.3 billion yuan in cash dividends to investors [1] - The emphasis on cash dividends by listed companies in 2025 is driven by regulatory guidance and improved corporate profitability, transforming dividends from an optional action to a feasible plan [1][2] - Recent policies encouraging cash dividends have led to more companies announcing dividend plans, providing investors with clear return expectations [1] Group 2 - SanDa Membrane Environment Technology Co., Ltd. announced a special dividend plan of 2.1 yuan per 10 shares, reflecting stable operating performance and a healthy balance sheet [2] - Companies emphasize that their dividend proposals consider development stages and future funding needs, ensuring no significant impact on cash flow or long-term operations [2] - Cash dividends signal enhanced profitability stability for companies and mark a transition from expansion to shareholder return periods, aligning with long-term capital needs [2] Group 3 - The improvement of the dividend mechanism requires collaboration among companies, regulators, and the market, moving from policy-driven to intrinsic awareness [3] - When companies achieve a balance of cash flow generation, continuous sharing, and transparent governance, dividends will become a dual win for corporate growth and market prosperity [3]

Core Viewpoint - Modern Investment (000900) is focusing on optimizing its financial sector by providing specialized and customized financial services, particularly in the upstream and downstream of the highway industry chain and high-quality local enterprises [1] Financial Sector - The company is enhancing its business structure in the financial sector, concentrating on the highway industry chain and quality enterprises within the province [1] Environmental Sector - The environmental sector is integrating resources from the highway group to expand projects related to wastewater treatment and ecological restoration, thereby improving its professional capabilities and core competitiveness in the environmental field [1] New Energy Initiatives - The new energy division is actively promoting photovoltaic power generation projects along the highway network in Hunan Province, aiming to establish a scalable and industrialized development model [1] Strategic Development - The company plans to deepen its "Highway+" strategy, reinforcing its core business in highway investment and operation while extending its industry chain through network resources, with a focus on smart transportation and cultural tourism [1]

Core Viewpoint - Modern Investment (000900) faces dual pressures from tightening financial regulations and narrowing interest margins, impacting its financial business and environmental projects [1] Financial Business Challenges - The company highlights the challenges posed by stricter regulations and reduced interest margins, which are affecting its financial operations [1] - Environmental projects are primarily conducted through the PPP model, which is influenced by clients' payment capabilities, leading to extended accounts receivable periods for environmental enterprises [1] Strategic Responses - The company plans to establish a comprehensive policy dynamic tracking mechanism to anticipate policy trends and their impacts, enhancing its internal risk control system to improve risk identification and management capabilities [1] - Focus on core business by deeply exploring and fully utilizing the rich application scenarios of highways, leveraging advantages in finance, environmental protection, and new energy to steadily expand business and ensure revenue [1] - Strengthening core competitiveness by increasing investment in technological innovation and digital transformation, actively introducing advanced technologies and management concepts [1] - Through technological innovation and digital transformation, the company aims to enhance refined management, reduce operational costs, increase R&D efforts, and promote the conversion and application of technological research outcomes to improve service efficiency and risk management capabilities [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公佈由創業集團（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願 作出，以告知本公司股東（「股東」）及潛在投資者本集團最新業務發展。 戰略合作協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年11月11日（香港聯合交易所 有限公司（「聯交所」）交易時段後），本公司與京東科技信息技術有限公司（「京東科 技」）訂立戰略合作協議（「戰略合作協議」），內容有關開發及推廣智能餐廚垃圾處理 設備（「廚餘項目」）的潛在業務合作（「戰略合作」）。 根據戰略合作協議，訂約方擬建立全面戰略合作夥伴關係，以合作廚餘項目，其 中，京東科技將主要負責營銷及品牌推廣，使用大數據及應用人工智能，而本公司 將主要負責提供設備管理服務以及廢用油的收集與銷售。京東科技亦將向本公司提 供資金，以滿足廚餘項目運作中的資金需求。 – 1 – NEW CONCEPTS HOLDINGS LIMITED 創 業 集 ...

在绿色发展理念深入人心的当下，仪征的绿色智慧工地建设实践，不仅是对生态环境治理难题的破局之举，更是对"绿水青山就是金山银山"理念的生动诠 释。随着"科技引领、政企协同、社会参与"的防控体系加速完善，这座滨江城市正以绿色智慧工地建设为笔，在蓝天白云的画卷上，书写着生态治理的崭 新篇章。未来，这一创新模式将持续释放生态红利，推动城市发展与生态保护同频共振，为建设人与自然和谐共生的现代化城市贡献仪征智慧，让"仪征 蓝"成为常驻的城市底色，为子孙后代留下可持续发展的生态根基。 通讯员扬环宣 扬子晚报/紫牛新闻记者裴睿 近日，仪征市生态环境局配合住建部门组建的专项验收组，手持包含18项严苛指标的"体检表"，对宁扬城际二工区、东园路、江山九景等工地开展"拉网 式"检查。截至目前，已有9个工地通过绿色智慧工地验收，用科技手段为城市蓝天撑起了"智能防护盾"。 "扬尘在线监测系统正常、围挡符合要求、非道路移动机械环保标识已张贴……"在宁扬城际二工区项目现场，验收组工作人员对照绿色智慧工地验收要求 表填写验收核查意见。 走进刚通过验收的江山九景工地，只见洒水车沿着崭新的硬化道路来回穿梭，车轮碾过之处不见丝毫尘土飞扬。抬头望去，挖 ...

Core Viewpoint - Jinmaoyuan Environmental Protection (06805.HK) has entered into an agreement with Guangdong Jindanda Construction Engineering Co., Ltd. for further construction projects related to its existing operations, focusing on expanding its surface treatment circular economy industrial park business, particularly in Jiangsu province [1] Group 1: Agreement Details - The agreement involves a total contract value of approximately RMB 234,030,891.93, equivalent to about HKD 257,433,981.12 [1] - The agreement is aimed at facilitating the development of newly acquired land and equipment installation at the East China Park [1] Group 2: Strategic Focus - The company is strategically focusing on expanding its surface treatment circular economy industrial park business to meet the demand from electroplating enterprises in the Yangtze River Delta region [1] - The services and supplies provided under the agreement are crucial for the timely completion of factories and supporting facilities, which is essential for attracting and retaining tenants, increasing occupancy rates, and generating stable rental and utility service income [1]