证券日报网讯12月29日，清水源（300437）在互动平台回答投资者提问时表示，子公司海南自贸区清水 源环境科技有限公司业务占比较低，对公司经营业绩影响较小，目前各项业务正常开展中。公司将关注 海南自贸区相关政策，结合自身实际情况积极挖掘潜在的机遇。 ...

12月26号晚上，圣元环保的一则公告把我惊到了——他们全资子公司厦门金陵基今年3月用闲置资金买了个私募基金，投了6000万，结果才9个月，这 基金净值就跌了81.54%，亏了差不多4692万！这亏损比公司2024年经审计的净利润还多10%，换成谁不得肉疼？业内有人说，这私募可能加了高杠 杆，基金管理人跟托管方得负责任。 之后圣元环保赶紧行动：申请赎回基金、从自然人温廷涛那追回200万、报警和向深圳证监局举报都受理了。12月27号晚上，控股股东朱煜煊、朱恒 冰更站出来承诺：会先补上本金损失——扣掉赎回到账和追回的钱，剩下的差额他们兜底。可即便这样，厦门证监局还是给了警示函，说公司没及时 披露这事儿。 看着这则新闻，我突然想起咱们普通投资者常遇到的困境——不管是买基金还是股票，是不是总盯着表面的走势或消息，结果踩了坑才发现：没看清 背后真实的交易行为，才是最危险的？ 一、为什么说看交易行为，比看走势管用10倍？ 圣元环保子公司的亏本能给咱们提个醒：投资里最容易犯的错，就是把"表面现象"当"真实情况"。比如这私募基金，可能前期看着收益不错、宣传得 好听，就冲进去了，结果没看清基金背后的交易到底是啥样的——是不是有机 ...

格隆汇12月29日丨海峡环保(603817.SH)公布，公司在日常税务合规自查过程中，对公司可转换公司债 券相关财税处理进行了专项复核。经自查确认，因可转换公司债券利息费用的税会处理差异，公司应补 缴企业所得税1,472.63万元、滞纳金817.90万元，合计2,290.53万元。截至本公告披露之日，公司已将上 述税款及滞纳金缴纳完毕，主管税务部门未对该事项给予处罚。 ...

Investment Rating - The report provides a positive investment outlook for various sectors within the energy industry, particularly recommending companies involved in coal power, hydropower, nuclear power, green energy, and gas [1]. Core Insights - The report highlights that in November 2025, the total electricity consumption reached 835.6 billion kWh, marking a year-on-year increase of 6.2%. The growth contributions from the primary, secondary, and tertiary industries, as well as residential consumption, were 2%, 49%, 29%, and 19% respectively [4][6]. - The secondary industry remains the largest contributor to electricity consumption, accounting for over 60% of the total, with significant growth in high-tech and equipment manufacturing sectors [5][6]. - Natural gas prices have shown fluctuations, with the U.S. Henry Hub spot price at $3.31/mmBtu, reflecting a weekly decline of 7.30%. The report notes that the domestic LNG ex-factory price is 3915 yuan/ton, down 2.85% week-on-week [1][16]. Summary by Sections Electricity Sector - In November 2025, the electricity consumption by the first, second, and third industries grew by 7.9%, 4.4%, and 10.3% respectively, while residential consumption increased by 9.8% [4][6]. - The high-tech and equipment manufacturing sectors saw a 6.7% increase in electricity consumption, with automotive manufacturing leading at a 10% growth rate [5][6]. Natural Gas Sector - The report indicates that global gas prices are experiencing slight fluctuations, with the U.S. market showing a significant drop in spot prices. The report anticipates that the demand for natural gas will increase as winter approaches, potentially stabilizing prices [1][16]. - Recommendations include focusing on integrated gas companies and those benefiting from cost reductions and improved profitability due to lower oil prices [39][40]. Investment Recommendations - For coal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their diversified revenue sources [1]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are favored due to expected improvements in profit margins from reduced capital expenditures [1]. - Nuclear power firms like China National Nuclear Power and China General Nuclear Power are highlighted for their stable cost structures and growth potential [1]. - In the green energy sector, companies like Xintian Green Energy and Longyuan Power are recommended for their stable returns and increasing operational value [1]. - The report also suggests investment in gas companies like Shenzhen Energy and Kunlun Energy, which are expected to benefit from cost reductions and improved market conditions [1][39].

南财智讯12月29日电，复洁科技公告，公司于2025年12月29日召开第四届董事会第十三次会议，审议通 过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意使用额度不超过人民币2.00亿元 （含本数）的部分暂时闲置募集资金进行现金管理，使用期限为2026年1月1日至2026年12月31日（不超 过12个月内有效），资金在额度范围内可滚动使用。投资方向为购买安全性高、流动性好的保本型投资 产品，包括但不限于结构性存款、大额存单、定期存款、通知存款等。公司表示，本次现金管理不会影 响募集资金投资项目进度和公司正常生产经营。 ...

证券日报网讯 12月29日，玉禾田在互动平台回答投资者提问时表示，现阶段常规扫地机器人受动力和 低温适应性限制，暂无法用于除雪。公司正探索适用于冬季作业的"人机协同"模式，以减轻人工负担。 针对冬季作业，公司已通过优化排班、配备防寒装备与取暖设施等措施，保障作业人员安全。同时，公 司也建立了科学除雪体系，来降低除雪作业对环境的影响。公司在城市环境治理方面拥有智慧运营、全 链条服务、技术创新及标准化管理等优势，未来将持续推动环卫智能化升级，助力环境治理水平持续提 升。 （文章来源：证券日报） ...

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-29 | 通源环境 | 688679 | 21.27 | 3487.31 | 163.95 | 招商证券股份有限 | 国元证券股份有限 公司合肥胜利路证 | | 12月29日，通源环境大宗交易成交163.95万股，成交额3487.31万元，占当日总成交额的31.3%，成交价21.27元，较市场收盘价26.71元折价20.37%。 ...

中国经济网北京12月29日讯 京源环保(688096.SH)27日披露关于收到江苏证监局行政监管措施决定 书的公告。 公司于近日收到中国证监会江苏监管局出具的《关于对江苏京源环保股份有限公司采取责令改正措 施并对李武林、季献华、苏海娟、钱烨采取出具警示函措施的决定》（〔2025〕220号），经查，公司 存在以下违规行为。 一是公司存在违规使用募集资金支付非募投项目费用的情况，也未在募集资金专项报告等公告中如 实披露，导致公司信息披露不准确，违反了《上市公司信息披露管理办法》（证监会令第182号）第三 条第一款，《上市公司信息披露管理办法》（证监会令第226号）第三条第一款，《科创板上市公司持 续监管办法（试行）》（证监会令154号）第三十二条，《上市公司监管指引第2号--上市公司募集资金 管理和使用的监管要求》（证监会公告〔2022〕15号）第六条、第十二条第一款，《上市公司募集资金 监管规则》（证监会公告〔2025〕10号）第八条、第十六条的规定。公司董事长兼总经理李武林、副总 经理季献华、董事会秘书苏海娟应当对公司相关违规行为承担主要责任。 二是公司在 2024 年年度报告中披露，公司法人治理的实际状况符 ...

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1]. Core Insights - The release of the CCER methodology for renewable energy electrolysis hydrogen is expected to reshape the economic viability of green hydrogen projects [10][12]. - The environmental protection industry strategy for 2026 emphasizes a dual focus on value and growth, driven by carbon neutrality initiatives [15]. - The report highlights significant growth in the sales of new energy sanitation vehicles, with a year-on-year increase of 64.01% and a penetration rate increase of 6.68 percentage points to 18.6% [22]. - The price of biodiesel remains stable, with slight improvements in profit margins [34]. - The lithium battery recycling sector is experiencing a decline in profitability despite rising metal prices [35]. Summary by Sections CCER Methodology and Green Hydrogen - The CCER methodology for renewable energy electrolysis hydrogen was officially released, enhancing the regulatory framework for green hydrogen projects [10]. - The methodology specifies that it applies only to new projects and emphasizes the use of self-generated renewable energy [11]. - The economic benefits of green hydrogen projects are projected to improve, with investment recovery periods decreasing from 9.21 years to 8.77 years due to CCER revenue [12][13]. Environmental Protection Industry Strategy - The 2026 strategy focuses on the dual themes of value and growth, with an emphasis on market-oriented improvements and operational efficiency [15]. - Key recommendations include focusing on companies with strong cash flow and growth potential, such as Huanlan Environment and Longjing Environmental Protection [15][16]. Sanitation Equipment Market - The sanitation vehicle market saw a total sales volume of 66,563 units in the first eleven months of 2025, with new energy vehicles accounting for 12,383 units sold [22]. - The penetration rate of new energy sanitation vehicles reached 18.6%, indicating a growing trend towards electrification in this sector [22]. Biodiesel Market - The average price of biodiesel remained stable at 8,200 yuan per ton, with a slight improvement in profit margins [34]. - The price difference between UCOME and waste oil is approximately 2,172 yuan per ton, indicating a competitive market environment [34]. Lithium Battery Recycling - The profitability of lithium battery recycling projects has decreased, with average unit profits for lithium carbonate and waste materials showing negative margins [35]. - Despite this, metal prices for lithium, cobalt, and nickel have increased, suggesting potential for future profitability improvements [35][37].

中国经济网北京12月29日讯 证监会网站12月26日披露江苏证监局关于对江苏京源环保股份有限公 司采取责令改正措施并对李武林、季献华、苏海娟、钱烨采取出具警示函措施的决定。 经查，江苏京源环保股份有限公司(简称京源环保，股票代码：688096.SH)存在以下违规行为： 一是公司存在违规使用募集资金支付非募投项目费用的情况，也未在募集资金专项报告等公告中如 实披露，导致公司信息披露不准确，违反了《上市公司信息披露管理办法》(证监会令第182号)第三条 第一款，《上市公司信息披露管理办法》(证监会令第226号)第三条第一款，《科创板上市公司持续监 管办法(试行)》(证监会令154号)第三十二条，《上市公司监管指引第2号——上市公司募集资金管理和 使用的监管要求》(证监会公告〔2022〕15号)第六条、第十二条第一款，《上市公司募集资金监管规 则》(证监会公告〔2025〕10号)第八条、第十六条的规定。公司董事长兼总经理李武林、副总经理季献 华、董事会秘书苏海娟应当对公司相关违规行为承担主要责任。 二是公司在2024年年度报告中披露，公司法人治理的实际状况符合《上市公司治理准则》等相关规 范的要求，该表述与江苏证监 ...