江西华邦律师事务所 关于江西金达莱环保股份有限公司 致：江西金达莱环保股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、中国证券监 督管理委员会《上市公司股东会规则》（以下简称"《股东会规则》"）等法律、 法规、规范性文件及现时有效的《江西金达莱环保股份有限公司章程》（以下简 称"《公司章程》"）的有关规定，受江西金达莱环保股份有限公司（以下简称 "公司"）委托，江西华邦律师事务所（以下简称本所）指派周珍、邓颖律师出 席公司2024年年度股东大会（以下简称"本次股东大会"），并为本次股东大会 出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的召开本次股东大会的有关 文件的原件或复印件，包括（但不限于）公司召开本次股东大会公告，公司本次 股东大会的会议资料及相关决议等文件，同时听取了公司就有关事实的陈述和说 明。 本所律师根据相关法律、法规、部门规章和规范性文件的要求，按照律师行 业公认的业务标准、道德规范和勤勉尽责精神，对公司本次股东大会的召集及召 开等有关法律问题发表如下意见： 一、本次股东大会的召集、召开程序 月29日在上海证券交易所（以下简称上交所）网站等符合国务院证券 ...

5月19日，A股市场整体保持震荡走势。 上证指数平收报3367.58点；深证成指收报10171.09点，下跌0.08%；创业板指收报2032.76点，下跌0.33%。两市合计成交10864.48亿元，较上一交易日减少 30.81亿元。 1. 两市主力资金净流出超120亿元 今日沪深两市主力资金开盘净流出134.53亿元，尾盘净流出1.67亿元，两市全天主力资金净流出124.08亿元。 | | | 沪深两市最近五个交易日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | 尾盘净流入 | 超大单净买入 | | 2025-5-19 | -124. 08 | -134.53 | -1. 67 | -37.99 | | 2025-5-16 | 23. 84 | -17. 36 | 1.61 | 63. 87 | | 2025-5-15 | -531. 15 | -209. 11 | -49.30 | -243. 55 | | 2025-5-14 | -68. 25 | -22. 70 | -1641.46 | 8.14 | ...

证券代码：300190 证券简称：维尔利 公告编号：2025-047 一、审议通过《关于拟转让子公司 100%股权暨签订相关产权交易合同的议 案》 公司拟与城发环境股份有限公司签署产权交易合同，转让公司全资子公司敦 化市中能环保电力有限公司 100%股权，敦化中能 100%股权的交易价格为 10,000 万元，此外，在本次交易中，交易对方需承担截止标的股权交割日敦化中能应向 公司偿还的全部股东借款，合计约为人民币 22,260 万元，最终金额以过渡期审 计报告认定的金额为准。同时授权公司董事长或董事长的授权代理人签署后续相 关的协议等必要文件，详见公司同日发布于巨潮资讯网的《关于拟转让子公司 同意 9 票，弃权 0 票，反对 0 票 二、审议通过《关于为公司子公司绍兴维尔利餐厨废弃物再生利用有限公司 提供担保的议案》 公司子公司绍兴维尔利餐厨废弃物再生利用有限公司（以下简称 "绍兴餐 厨"）因经营需要拟向浙江绍兴瑞丰农村商业银行股份有限公司滨海支行申请人 民币 807 万元的运营保函，其中的 400 万元需公司提供担保，保函期限为一年。 公司拟为该笔保函提供担保，担保期限为自担保合同生效之日起至债务履行期限 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the environmental sector, including Huicheng Environmental and Gao Neng Environment [4][24]. Core Insights - The report emphasizes the importance of digital and green transformation in the environmental industry, driven by new policies and regulations aimed at enhancing energy efficiency and promoting low-carbon technologies [10][20]. - It highlights the expected benefits for companies involved in energy-saving processes, low-carbon technology research, and circular economy innovations, particularly in high-energy-consuming sectors like power, metallurgy, and petrochemicals [20][21]. - The report suggests focusing on companies with leading advantages in green process research and industrial pollution control equipment, such as Longjing Environmental and Bihui Source [20][22]. Summary by Sections 1. Investment Views - The report discusses the issuance of the "2025 Digital and Green Collaborative Transformation Development Work Points" by multiple government departments, which outlines systematic requirements for low-carbon digitalization and traditional industry empowerment [10]. - It also mentions the "2025 Legislative Work Plan" from the State Council, which focuses on upgrading environmental legislation and enhancing regulatory frameworks for green development [21][22]. - The report notes that the current macroeconomic environment, characterized by historically low interest rates, presents a favorable backdrop for investing in high-dividend and growth-oriented assets [2][23]. 2. Market Performance - The environmental sector underperformed compared to the broader market, with the environmental index rising only 0.10% against a 0.76% increase in the Shanghai Composite Index [3][25]. - Specific sub-sectors showed varied performance, with monitoring up by 1.61% while water treatment and energy-saving sectors declined [3][25]. 3. Industry News - Recent policies in Henan Province aim to enhance resource recycling and promote the establishment of a comprehensive recycling system [38]. - The central government has issued guidelines to accelerate urban renewal actions, focusing on improving urban infrastructure and waste management systems [38]. - New regulations on ecological environment protection have been introduced, emphasizing the need for robust environmental oversight [38]. 4. Key Announcements - The report includes various corporate announcements, such as bond issuances and share transfers, which reflect ongoing activities within the environmental sector [39][40].

2025 年 05 月 18 日 公用事业及环保产业行业研究 买入（维持评级） 行业周报 证券研究报告 公共事业与环保组 分析师：李蓉（执业 S1130525040001） lirong＠gjzq.com.cn 分析师：张君昊（执业 S1130524070001） zhangjunhao1＠gjzq.com.cn 分析师：唐执敬（执业 S1130525020002） tangzhijing＠gjzq.com.cn 联系人：汪知瑶 wangzhiyao＠gjzq.com.cn 从 GDP 增长的归因分析看电力消费弹性系数的变化 ◼ 本周（5.12-5.16）上证综指上涨 0.76%，创业板指上涨 1.38%。碳中和板块上涨 0.30%，公用事业板块上涨 0.24%， 环保板块上涨 0.17%,煤炭板块上涨 1.81%。 ◼ 火电板块：我们建议关注发电资产主要布局在电力供需偏紧、发电侧竞争格局较好的龙头火电企业，如华能国际、 华电国际。水电：建议关注水电运营商龙头长江电力。核电：建议关注电价市场化占比提升背景下，核电龙头企 业中国核电。 敬请参阅最后一页特别声明 1 ◼ 历年来 GDP 增长的刺激因子发生结构性变 ...

Core Viewpoint - The company has turned a profit in 2024, achieving a total operating revenue of 374 million yuan, a year-on-year increase of 46.58%, and a net profit attributable to shareholders of 2.54 million yuan, marking a turnaround from losses [2] Financial Performance - In the first quarter of 2025, the company reported an operating revenue of 49.95 million yuan, a year-on-year increase of 0.65%, and a net profit attributable to shareholders of 2.89 million yuan, a significant increase of 454.2% [4] - The gross margin for the first quarter was 18.71%, up by 14.37 percentage points year-on-year [4] Market Position and Competitiveness - The company holds a strong market presence in the domestic nuclear and thermal power water treatment sectors, being one of the few suppliers capable of providing condensate water treatment equipment that meets nuclear power plant production requirements [4][6] - By the end of 2024, the company had successfully provided hundreds of water treatment project systems to major energy groups, including China National Nuclear Corporation and China Huaneng Group [4][6] Technological Advancements - The company has developed a fourth-generation membrane electrode with a power density of 2.25 W/cm²@0.6V, which is considered a domestic leader in performance [5] - The company has mastered the high tower method for condensate water treatment, which features unique designs for resin separation and regeneration, addressing issues found in traditional methods [6][7] Strategic Partnerships and Recognition - Long-term collaborations with state-owned enterprises have created customer loyalty and project experience barriers [7] - The company has been recognized as a "National Specialized and Innovative 'Little Giant' Enterprise" and included in the national key equipment catalog, with its technology reaching international advanced levels [7] Research and Development Capabilities - The company has successfully developed high-performance automotive membrane electrodes, corrosion-resistant metal bipolar plates, and fuel cell engine systems, showcasing its multidimensional R&D capabilities [8] - The company has proprietary technologies in various components of hydrogen fuel cells, including low platinum membrane electrode technology and advanced bipolar plate coating technology [8]

Group 1 - The company achieved a revenue of 6.611 billion yuan in 2024, representing a year-on-year growth of 1.36%, and a net profit attributable to shareholders of 1.141 billion yuan, up 6.18% year-on-year [1] - In the first quarter of 2025, the company reported a revenue of 1.536 billion yuan, which is a 13.19% increase year-on-year, and a net profit of 273 million yuan, reflecting a year-on-year growth of 22.42% [1] - The management actively addressed investor concerns regarding asset management, accounts receivable, market capitalization management, integrated water supply and drainage strategy, development of renewable resources, technological innovation, and digital intelligence construction during the investor communication session [1] Group 2 - In 2025, the company aims to become an internationally renowned environmental technology group, focusing on optimizing the environmental industry layout and enhancing the operational efficiency of existing assets [2] - The company will implement a strategy centered on "three basics, one stability, and one breakthrough," emphasizing foundational work, grassroots efforts, and skill development to promote stable development and innovative breakthroughs [2] - The company plans to strengthen core capabilities in technological innovation, digital intelligence, and capital operations, while promoting asset-light transformation and optimizing business structure [2]

Group 1 - The company will hold a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 26, 2025, from 15:00 to 16:00 [1][2] - The briefing will be conducted via video and online interaction, allowing the company to address common investor concerns within the scope of information disclosure [2] - Key participants in the briefing include the acting chairman and general manager, independent directors, and the financial director [2] Group 2 - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center website on the scheduled date [2][3] - Investors are encouraged to submit questions from May 19 to May 23, 2025, through the website or via the company's email [3] - After the briefing, the main content and proceedings will be available for viewing on the Shanghai Stock Exchange Roadshow Center [3]

Core Viewpoint - Shanghai Xiba Technology Co., Ltd. plans to return the land use rights of a specific plot due to adverse external economic conditions, industry environment, and cash flow pressures, aiming to mitigate potential risks and losses [4][5][9]. Group 1: Meeting Details - The first extraordinary general meeting of shareholders for 2025 is scheduled for May 26, 2025, at 14:30, located at 1230 Zhongshan North Road, Shanghai [1][2]. - The meeting will utilize a combination of on-site and online voting methods, allowing shareholders to exercise their voting rights through the Shanghai Stock Exchange's online voting system [2][3]. Group 2: Proposal for Land Use Rights Return - The proposal involves the return of land use rights for a plot in Jiading District, which was initially acquired for the construction of the Shanghai Xiba Environmental Technology Industrial Park [4][5]. - The land area is 8,867 square meters, with a transaction amount of 127.69 million yuan [4]. - Due to various factors, including the COVID-19 pandemic and unfavorable market conditions, the project has not progressed as expected, leading to significant cash flow pressure on the company [5][6]. Group 3: Financial Implications - The return of the land use rights is expected to result in an estimated loss of approximately 36.42 million yuan, which represents about 85% of the company's audited net profit for the previous year [9][10]. - The loss includes direct land costs of 29.43 million yuan and design, surveying, and construction costs of 6.99 million yuan [10]. - The company anticipates that this decision will not affect its normal operations and is aimed at safeguarding overall corporate interests and ensuring stable development [9][11].

中国经济网北京5月16日讯卓锦股份(688701.SH)2024年年度报告显示，卓锦股份报告期内营业总收入为 2.42亿元，同比下滑30.08%；归属于上市公司股东的净利润连续3年亏损，分别为-9387.35万元、-1.21亿 元、-8220.22万元；归属于上市公司股东的扣除非经常性损益的净利润连续3年亏损，分别为-9668.02万 元、-1.20亿元、-8253.06万元；经营活动产生的现金流量净额为990.51万元。 | | | | | 单位:元 币种:人民币 | | --- | --- | --- | --- | --- | | 主要会计数据 | 2024年 | 2023年 | 本期比上年 同期增减 | 2022年 | | | | | (%) | | | 营业收入 | 242, 491, 518. 30 | 346, 832, 101. 41 | -30. 08 | 245, 826, 934. 16 | | 扣除与主营业务无 关的业务收入和不 | 242, 491, 518. 30 | 346, 832, 101. 41 | -30. 08 | 245, 826, 934. 16 | | 具备商业实 ...