Report Title - Weekly Report on Public Offering Infrastructure REITs [1] Report Core Content 1. Secondary Market Price and Volume Performance - The report presents detailed data on the trading volume, price, and return of various publicly - offered infrastructure REITs from 2021 to 2025, including industry types such as industrial parks, warehousing and logistics, affordable rental housing, consumer infrastructure, highways, ecological and environmental protection, energy, and municipal facilities [11]. - For example, for the industrial park REITs, the 180101.SZ had a year - to - date return of 54.00%, a weekly return of 1.30%, and a trading volume of 0.28 billion shares this week [11]. 2. Secondary Market Valuation - The report provides valuation indicators such as P/FFO, P/NAV, IRR, PV factor, and 2025 expected cash distribution rate for different REITs, comparing them with industry averages and current quantiles [15]. - For instance, the 180301.SZ (Red Earth Innovation Yantian Port REIT) had a P/FFO of 18.95, a P/NAV of 1.04 (49.50% quantile), an IRR of 6.01% (68.20% quantile), and a 2025 expected cash distribution rate of 4.31% [15]. 3. Market Correlation Statistics - It shows the correlation coefficients between REITs and various asset classes, including stocks, convertible bonds, pure bonds, and commodities. Different types of REITs (e.g., property - rights, franchise - rights, industry - specific) have different correlation characteristics [22]. - For example, the correlation coefficient between all REITs and the Shanghai Composite Index is 0.21, while the correlation coefficient between energy - related REITs and the Shanghai Composite Index is 0.04 [22]. 4. Primary Market Tracking - The report lists information on REITs in the primary market, including their project nature, type, stage, acceptance date, original equity holders, underlying projects, and project valuations [26]. - For example, the CICC Vipshop Outlet REIT (property - rights, consumer infrastructure) has been accepted on May 9, 2025, with a project valuation of 2.972 billion yuan [26].

Core Viewpoint - The article emphasizes the urgent need for effective measures to address climate change, highlighting the increasing frequency of extreme weather events and the shift from potential risks to real crises. It discusses China's proactive approach in promoting climate investment and financing through pilot programs initiated by various governmental departments [1]. Group 1: Climate Investment and Financing Initiatives - The Ministry of Ecology and Environment, along with other departments, has been working to integrate climate investment and financing with carbon neutrality goals and green finance innovations, establishing a collaborative mechanism among government, departments, and market participants [2]. - Shenzhen has implemented a comprehensive climate investment and financing pilot program, focusing on top-level design, project library construction, supportive policies, and financial product innovation, aiming to complete over 100 climate investment projects by 2025 and promote green loans totaling 18 billion yuan [2][3]. Group 2: Policy and Financial Support Mechanisms - Shenzhen's financial support includes subsidies for project owners in climate investment, covering up to 50% of financing costs with a maximum of 1 million yuan, and establishing a risk compensation mechanism for small and micro enterprises [3]. - The Ministry of Ecology and Environment emphasizes the need for a diverse toolbox of policies, including energy, industry, investment, and financial policies, to enhance financial support for climate change initiatives [3]. Group 3: Challenges and Capacity Building - Challenges in promoting climate investment include inadequate information sharing mechanisms, low enthusiasm for financing climate adaptation projects, and the need for stronger foundational capabilities [4]. - There is a pressing need to strengthen the talent pool for climate investment and financing, focusing on policy design, project evaluation, and enhancing corporate capabilities in carbon accounting and greenhouse gas disclosure [5]. Group 4: Technological Integration and Local Adaptation - Technological advancements are suggested to enhance climate investment platforms, with initiatives in Chongqing aimed at improving digital governance and expanding financing services for various enterprises [6]. - Local adaptation strategies are crucial, as seen in Hubei's use of carbon market experiences to innovate carbon finance, establishing a comprehensive service platform that connects financial institutions and projects [7]. Group 5: Future Directions and Financial Integration - Chongqing aims to deepen the integration of carbon reduction with financial services, focusing on near-zero carbon park construction and promoting diverse financial products to meet the needs of different industries [8].

每经AI快讯，有投资者在投资者互动平台提问：目前控股子公司钧恒科技的产能多少？是否处于满产 状态？鄂州基地建设目前进行到哪个阶段了？是否有提前生产的预期？ 汇绿生态（001267.SZ）8月8日在投资者互动平台表示，目前，公司的控股子公司钧恒科技基本处于满 产状态，武汉工厂、马来西亚工厂高速率产品目前已经具备每月100K以上的产能。鄂州项目尚处于筹 备启动阶段。 （文章来源：每日经济新闻） ...

Group 1 - The company held its first extraordinary general meeting of shareholders on August 7, 2025, with no resolutions being rejected [2][4] - The meeting was convened in accordance with the Company Law and the company's articles of association, and was presided over by the chairman [2][3] - All proposed resolutions regarding the cancellation of the supervisory board and amendments to the articles of association were approved [4][5] Group 2 - The first meeting of the sixth board of directors was held on August 7, 2025, following the election of the new board members [7][30] - The board elected Xi Huiming as the chairman and appointed various specialized committees, including the audit committee and the strategic committee [8][34] - The company appointed Xi Huiming as the general manager and other senior management personnel, with their terms aligned with the board's term [35][36] Group 3 - The company elected Ma Xiaohong as the employee representative director during the employee representative assembly held on August 7, 2025 [46][47] - The election of the employee representative director complies with the revised articles of association, ensuring that the total number of directors holding management positions does not exceed half of the board [46][47]

证券代码：603359 证券简称：东珠生态 公告编号：2025-046 东珠生态环保股份有限公司 第六届董事会第一次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 东珠生态环保股份有限公司（以下简称"公司"）第六届董事会第一次会议于2025年8 月7日下午在公司会议室以现场方式召开。鉴于公司于8月7日下午召开的2025年第一次临 时股东会选举产生第六届董事会董事，全体新任董事一致同意豁免本次董事会会议提前10 日通知。会议应到董事9名，实到董事9名。本次会议由董事长席惠明先生主持，公司高级 管理人员列席了会议。 表决情况：同意9票，反对0票，弃权0票。 表决情况：同意9票，反对0票，弃权0票。 表决情况：同意9票，反对0票，弃权0票。 表决情况：同意9票，反对0票，弃权0票。 本次会议的通知、召开、表决程序符合《中华人民共和国公司法》、《公司章程》、 《公 司董事会议事规则》等有关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 本次会议审议并通过了如下议案： 同意选举席惠明 ...

Core Viewpoint - Fujian Zhangzhou Development Co., Ltd. has approved a plan to issue A-shares to specific investors, including its controlling shareholder, Zhanglong Group, to raise funds for various projects [1][2][3]. Group 1: Meeting Resolutions - The board of directors confirmed that the company meets the conditions for issuing A-shares to specific investors [1]. - The proposal for the issuance of A-shares was approved with a vote of 4 in favor and 0 against [2]. - The controlling shareholder, Zhanglong Group, intends to subscribe for at least 20% of the total shares issued [3][4]. Group 2: Issuance Details - The shares will be domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 each [2]. - The issuance will be subject to approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [2][5]. - The maximum number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, which is approximately 297,444,321 shares [6]. Group 3: Fund Utilization - The total amount to be raised from this issuance is capped at RMB 1,050 million, which will be allocated to specific projects, including ecological restoration and solar power generation [9]. - The company will adjust the investment priorities based on the actual amount raised and project needs if the net amount raised is less than planned [9]. Group 4: Related Transactions - The issuance constitutes a related party transaction due to Zhanglong Group's involvement, and the related director has abstained from voting [2][17]. - The board has proposed to seek shareholder approval for Zhanglong Group to be exempt from making a tender offer for additional shares due to its existing stake exceeding 30% [18]. Group 5: Future Steps - The company plans to hold a shareholder meeting on August 20, 2025, to discuss and approve the proposed issuance and related matters [21].

Group 1 - The company announced a share buyback program, having repurchased a total of 604,800 shares as of July 31, 2025 [2] - The repurchased shares represent 0.29% of the company's total share capital [2]

Core Viewpoint - Zhangzhou Development (000753) plans to issue up to 297 million shares to raise no more than 1.05 billion yuan for business upgrades and new energy initiatives [1] Group 1: Fundraising Details - The total amount to be raised is capped at 1.05 billion yuan, which will be allocated to four major projects [1] - The specific projects include: - Zhangzhou Taiwan Business Investment Zone integrated ecological remediation project with an investment of 420 million yuan [2] - Expansion of Zhangzhou's third water plant with an investment of 180 million yuan [2] - Zhangpu Salt Field 100MW (128.6MWp) fish-solar complementary photovoltaic project with an investment of 250 million yuan [2] - 200 million yuan allocated for working capital [1][2] Group 2: Project Descriptions - The integrated ecological remediation project aims to enhance drainage facilities and achieve full coverage of the municipal sewage network, with an expected gross profit margin of around 13% [3] - The expansion of the third water plant will increase its capacity to 200,000 m³/d, addressing the growing water demand in the city, with a post-tax internal rate of return of 6.25% and a payback period of 14.32 years [3] - The photovoltaic project will utilize a fish-solar complementary model, with a post-tax internal rate of return of 8.42% and a payback period of 10.53 years [4] Group 3: Share Subscription and Lock-up Period - Fujian Zhanglong Group, the controlling shareholder, agrees to subscribe for at least 20% of the total shares issued and will not participate in the market pricing process [2] - The shares subscribed by Zhanglong Group will have a lock-up period of 18 months, while other subscribers will have a lock-up period of 6 months [2]

Core Viewpoint - The Shandong Province has issued the "Management Measures for the Financial Project Library for Beautiful Shandong Construction," aiming to enhance the role of green finance in ecological protection and promote the construction of a beautiful Shandong [1] Group 1: Project Categories - The project catalog has been adjusted from 9 major categories with 107 specific items to 8 major categories with 274 specific items [1] - The new categories include climate change response, pollution prevention, resource recycling, ecological industry and biodiversity protection, green infrastructure upgrades, green equipment manufacturing, green services, and other projects [1] Group 2: Implementation Timeline - The new management measures will take effect starting September 1 [1]

Report Title - The report is titled "Public Offering Infrastructure REITs Weekly Report" [1] Industry Investment Rating - No industry investment rating is provided in the report Core Viewpoints - No clear core viewpoints are presented in the provided content Summary by Relevant Catalogs Secondary Market Price and Volume Performance - From July 28 to August 1, 2025, some REITs showed price changes of 20.51%, 14.74%, 60.01%, 39.98%, and 70.00% [26] Secondary Market Valuation Situation - The report provides detailed valuation data for various REITs, including P/FFO, P/NAV, IRR, expected values for 2025, and other indicators for different types of REITs such as warehousing and logistics, industrial parks, affordable rental housing, consumer infrastructure, highways, ecological and environmental protection, and energy [16] Market Correlation Statistics - It shows the correlation coefficients between REITs and different asset classes such as stocks, convertible bonds, pure bonds, and commodities. For example, the correlation coefficient between REITs and the Shanghai Composite Index is 0.21, and different types of REITs (property - related, franchise - related, etc.) also have different correlation coefficients with these asset classes [22] Primary Market Tracking - Lists multiple REIT projects in different stages (approved, accepted, feedback - received). For example, the Southern Runze Technology Data Center REIT has been approved, with a project valuation of 4.203 billion yuan, and the CICC Vipshop Outlets REIT has been accepted, with a project valuation of 2.972 billion yuan [25]