（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司的膜产品有应用在稀土行业吗？是否有转 化订单？ 嘉戎技术（301148.SZ）8月18日在投资者互动平台表示，作为一家专注于高浓度污废水处理的膜技术应 用企业，公司产品及服务的应用领域主要包括垃圾渗滤液处理、工业废水处理及回用、工业过程分离， 资源循环回收等领域。公司子公司曾承接过稀土废水处理项目，除此之外，公司暂不涉及稀土提取相关 水处理业务，未来公司将密切关注该行业动态，根据自身的发展战略及市场需求进行深入研究。 ...

公司回答表示：尊敬的投资者，您好！作为一家专注于高浓度污废水处理的膜技术应用企业，公司产品 及服务的应用领域主要包括垃圾渗滤液处理、工业废水处理及回用、工业过程分离，资源循环回收等领 域。公司子公司曾承接过稀土废水处理项目，除此之外，公司暂不涉及稀土提取相关水处理业务，未来 公司将密切关注该行业动态，根据自身的发展战略及市场需求进行深入研究，感谢您的关注。责任编 辑：小悠 金融界8月18日消息，有投资者在互动平台向嘉戎技术提问：董秘，您好！请问贵公司的膜产品有应用 在稀土行业吗？是否有转化订单？ ...

Core Insights - The Jordanian cabinet has approved the expansion and renovation project for the Ain Ghazaleh primary wastewater treatment plant and the sewage unloading station, with an expected investment of $3 million [1] - After the renovation, the treatment plant's daily processing capacity will increase to over 300,000 cubic meters, meeting wastewater treatment needs until 2045 [1] - The plant is responsible for the preliminary treatment of domestic sewage from Amman and surrounding areas, which is then transported via pipeline to the Al-Hirbeh Samra wastewater treatment plant for further processing [1] - The expansion is aimed at addressing the increased wastewater generated after the future operation of the national water conveyance project, necessitating infrastructure upgrades for the treatment plant [1]

Core Viewpoint - Deepwater Haina's stock price increased by 2.95% on August 15, closing at 20.27 yuan, reflecting positive market sentiment and potential growth in the environmental sector [1] Company Summary - Deepwater Haina focuses on the environmental industry, specifically in wastewater treatment and industrial wastewater management, with operations primarily in Guangdong and involvement in PPP (Public-Private Partnership) projects [1] - The company experienced a trading volume of 316,869 hands and a transaction value of 637 million yuan on August 15 [1] Industry Summary - Recent national policies promoting high-quality development of the marine economy emphasize innovation and industrial upgrades, encouraging state-owned enterprises and private capital to engage in marine resource development, which could positively impact companies in the marine economy sector [1] - The net outflow of main funds from Deepwater Haina on August 15 was 35.10 million yuan, accounting for 1.14% of its circulating market value, with a cumulative net outflow of 71.84 million yuan over the past five trading days, representing 2.33% of its circulating market value [1]

Financial Assistance Overview - The company plans to transfer 75% of its subsidiary, 温瑞公司, to 杭州山屿源环保科技有限公司, retaining 25% ownership, but 温瑞公司 will no longer be included in the company's consolidated financial statements [1][3] - The financial assistance provided by the company to 温瑞公司 amounts to 6 million yuan, with a total financial support of 24 million yuan from both the company and 杭州山屿源环保 [2][11] Financial Support Details - 杭州山屿源环保 is required to provide at least 9 million yuan to 温瑞公司 for equipment payments and to repay the company's loans [2] - The financial assistance agreement specifies a loan amount of 6 million yuan with a term of 24 months and an interest rate of 20% above the one-year loan market quotation rate (LPR) [2][10] Transaction and Regulatory Compliance - The transaction constitutes an associated transaction as the financial director of the company is also a director of 温瑞公司, and it requires shareholder approval [3][13] - The independent directors and the board of directors have approved the transaction, emphasizing its alignment with the company's strategy to optimize asset structure and focus on core business [11][12] Financial Position of 温瑞公司 - As of the latest audit, 温瑞公司的 total assets are approximately 112 million yuan, with total liabilities of about 73 million yuan, resulting in net assets of around 39 million yuan [5] - 温瑞公司 has shown stable operations and good cash flow, making the financial assistance reasonable for maintaining normal operations [11][12] Risk Management Measures - The company has implemented measures to gradually reduce the scale of financial assistance and requires 杭州山屿源环保 to provide proportional financial support [11][12] - 杭州山屿源环保 has committed to joint financial support and will provide a guarantee for the company's financial assistance [12][13]

Core Viewpoint - Zhejiang Zhonghe Technology Co., Ltd. is selling 75% of its stake in Wenzhou Water Treatment Co., Ltd. to Hangzhou Shanyuyuan Environmental Technology Co., Ltd., which will result in a passive formation of related guarantees amounting to 75 million yuan [2][3][6]. Summary by Sections Guarantee Overview - The company has a total guarantee limit of 145 million yuan for Wenzhou Water Treatment Co., Ltd., with 75 million yuan currently in use [6][9]. - The company will continue to provide a guarantee of 75 million yuan post-transaction to ensure a smooth transition and avoid financial risks [2][6]. Transaction Details - The board of directors approved the sale of 75% of the stake in Wenzhou Water Treatment Co., Ltd. on August 14, 2025, and the company will retain a 25% stake post-transaction [2][3]. - The transaction does not constitute a major asset restructuring as defined by relevant regulations [4]. Financial Performance of Wenzhou Water Treatment Co., Ltd. - As of the latest audited figures, Wenzhou Water Treatment Co., Ltd. has total assets of approximately 111.83 million yuan and total liabilities of approximately 73.61 million yuan, resulting in net assets of approximately 38.22 million yuan [5]. - The company reported a revenue of approximately 19.33 million yuan and a net profit of approximately 5.16 million yuan [5]. Risk Management Measures - To mitigate risks associated with the guarantee, the buyer, Hangzhou Shanyuyuan Environmental Technology Co., Ltd., is required to provide an irrevocable counter-guarantee proportional to the stake acquired [6][9]. - The board believes that the overall risk from the passive formation of guarantees is manageable and will not adversely affect the company's operations [7][8]. Board and Independent Director Opinions - The board views the transaction as a strategic move to optimize asset structure and resource allocation, ensuring the stability of Wenzhou Water Treatment Co., Ltd. during the transition [7]. - Independent directors agree that the counter-guarantee from the buyer will help reduce potential risks associated with the continued guarantee [8]. External Guarantee Status - After the transaction, the total external guarantee amount for the company and its subsidiaries will be approximately 637.8 million yuan, with a total balance of approximately 232.71 million yuan [8]. - There are no overdue guarantees or litigation-related guarantees as of the date of the report [8]. Sponsor's Verification Opinion - The sponsor confirms that the transaction and related guarantees have been approved by the board and are in compliance with relevant laws and regulations [8].

海峡环保（SH 603817，收盘价：5.87元）8月15日晚间发布公告称，因工作变动，魏忠庆先生向董事会 申请辞去公司第四届董事会董事以及提名委员会委员职务。魏忠庆先生的辞职报告自送达公司董事会之 日起生效，辞职后，魏忠庆先生不再担任公司任何职务。公司董事会将按照相关规定尽快选举产生新任 董事。 2024年1至12月份，海峡环保的营业收入构成为：污水处理占比87.01%，综合技术服务占比10.23%，固 体废弃物处置收入占比1.75%，其他业务占比1.01%。 （文章来源：每日经济新闻） ...

Group 1 - The core point of the article is that Zhongshan Public Utilities (SZ000685) has received approval for the environmental impact assessment of its subsidiary's sludge drying project, with a total investment of 74.03 million yuan [2] Group 2 - The project is monitored under the "A-share Green Report" initiative, indicating a focus on environmental sustainability in investment projects [2] - The approval information was disclosed by relevant regulatory authorities on July 18, 2025 [2]

Summary of the Conference Call for Guangda Environment Industry Overview - Guangda Environment operates in the waste incineration power generation sector, with a daily operational capacity of nearly 140,000 tons, leading the industry in scale [2][3] - The waste incineration power generation industry expanded rapidly from 2015 to 2020, reaching a national daily capacity of 1.1 million tons with a utilization rate of approximately 70% [2][6] Key Points and Arguments - **Financial Performance**: Guangda Environment is expected to achieve its first positive free cash flow since its listing in 2024, which may lead to an increase in dividend payout ratio [2][4] - **Capital Expenditure**: The company's capital expenditure has decreased from a peak of 20 billion to 5 billion in 2024, with further reductions anticipated, contributing to financial stability [2][6] - **Water Treatment Segment**: Guangda Water has a sewage treatment capacity exceeding 6 million tons per day, with treatment prices rising from 1.22 RMB to 1.70 RMB from 2017 to 2022. However, the collection rate has declined due to local government financial issues [2][7] - **Biomass Power Generation**: The biomass power generation projects benefit from national subsidies, with Guangdong province having allocated part of its owed funds, improving profitability [2][8] - **Accounts Receivable**: The company has high accounts receivable, primarily due to the high costs associated with biomass power generation, which relies on national subsidies. Slow reimbursement of these subsidies is a reason for the company's low valuation [2][10][11] Risks and Future Outlook - **Earnings Forecast**: The company anticipates a slight decline in mid-2025 earnings due to reduced construction revenue, impairment operations, and foreign exchange losses. However, cash flow is expected to improve [2][12] - **Asset Quality**: The company has over 10 billion in accounts receivable, with total liabilities nearing 100 billion, indicating pressure on absolute value metrics [2][10] - **Regional Distribution**: Guangda Environment's projects are concentrated in economically developed regions, with a capacity utilization rate exceeding 90%, close to 100% [2][14] Additional Insights - **International Expansion**: The company is actively expanding into overseas markets, securing two waste incineration projects in Vietnam and Uzbekistan, each with an investment of approximately 1 billion RMB [2][5] - **Government Support**: The central government has budgeted approximately 120 billion RMB for renewable energy subsidies, indicating ongoing support for the sector, although it may not fully meet all funding needs [2][20] - **Collaboration with Local Governments**: Guangda Environment is working with local governments in cities like Tianjin, Hangzhou, and Suzhou to promote collaborative projects between IDC and waste incineration, although progress may be slow [2][21]

Group 1 - A new company, Yongshan Fengyuan Wastewater Treatment Co., Ltd., has been established with a registered capital of 32.2144 million yuan [1] - The legal representative of the company is Zhang Weimin, and its business scope includes wastewater treatment and its recycling [1] - The company is wholly owned by Wuhan Tianyuan, as indicated by the equity penetration data from Tianyancha APP [1]