Core Viewpoint - The asset restructuring of Yuanda Environmental Protection, led by State Power Investment Corporation, has successfully passed the Shanghai Stock Exchange review, aiming to enhance its business scale and profitability through the acquisition of hydropower and wind power assets [1][2][6]. Group 1: Restructuring Details - Yuanda Environmental Protection plans to acquire 100% equity of Wuling Power and 64.93% equity of Changzhou Hydropower for a total consideration of 271.8 billion yuan, funded through share issuance and cash payments [1][2][4]. - The restructuring has been in progress for nearly a year, with the initial proposal released in October 2024 and the formal application accepted by the Shanghai Stock Exchange in June 2025 [2][3]. - The restructuring will allow Yuanda Environmental Protection to integrate hydropower and wind power operations, enhancing its core competitiveness in the context of China's green energy transition [2][3]. Group 2: Financial Impact - Post-restructuring, Yuanda Environmental Protection's total assets and equity attributable to shareholders are projected to reach 682.55 billion yuan and 159.23 billion yuan, representing increases of 618.23% and 209.02% respectively compared to pre-restructuring figures [1][6]. - The acquisition price represents 527.48% of Yuanda Environmental Protection's net assets as of the end of 2024, with the total assets of the acquired companies accounting for 618.23% of Yuanda's assets [5][6]. - The projected increase in operating revenue and net profit post-restructuring is expected to be 146.61% and 2361.37% respectively, significantly enhancing the company's financial performance [6][5]. Group 3: Shareholding Changes - Following the restructuring, State Power Investment Corporation's shareholding in Yuanda Environmental Protection will decrease from 43.74% to 7.8%, while China Power will become the controlling shareholder with a 46.04% stake [3][4]. - Despite the change in shareholding structure, the ultimate controlling entity remains State Power Investment Corporation, ensuring continuity in strategic direction [3][4].

Group 1 - The company, Feinan Resources, announced that its wholly-owned subsidiary, Jiangxi Xingnan Environmental Technology Co., Ltd., signed a guarantee contract with Bank of Communications, Zhaoqing Branch, to provide a joint liability guarantee for the company's financing application [2] - The maximum amount guaranteed by Jiangxi Xingnan is 240 million yuan, with a guarantee period of three years from the expiration of the debt performance period [2] - The guarantee has been approved by Jiangxi Xingnan's shareholders and does not require further review by the company's board of directors or shareholders' meeting [2] Group 2 - This guarantee is not classified as a related party transaction, and there is no situation of counter-guarantee involved [2]

Group 1 - The company, Chengfa Environment, has successfully integrated the acquisition of Aolande, leading to a smooth transition in operations [2] - The company has won sanitation project bids in several cities, including Xinzheng, Xinxiang, and Zhengzhou [2]

（文章来源：证券日报） 证券日报网讯中科环保9月18日发布公告，在公司回答调研者提问时表示，垃圾焚烧供热价格不直接与 燃煤价格联动。供热价格会参考当地市场指导价，但主要基于热用户的需求量及蒸汽标准确定。公司垃 圾焚烧供热相较燃煤燃气供热具有一定的成本优势，同时垃圾焚烧供热具有绿色属性，可以助力碳足迹 管理、节约能耗指标。 ...

证券日报网讯中科环保9月18日发布公告，在公司回答调研者提问时表示，垃圾焚烧供热较发电主要增 加的是供热管网投资成本。运营成本增加主要是热管网建设折旧摊销、水处理成本。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯中科环保9月18日发布公告，在公司回答调研者提问时表示，公司热用户以工业企业为 主。相较于居民供热，工业热用户需求相对长期且稳定。公司石家庄项目以工业供热为主，但也有居民 供热。公司海城项目将应用自研的"垃圾焚烧发电低真空低温供热技术"拓展居民供热。 ...

Group 1 - The average stock price of A-shares is 13.49 yuan, with 24 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.51 yuan [1] - Among the low-priced stocks, 12 are ST stocks, accounting for 50% of the total [1] - The Shanghai Composite Index closed at 3831.66 points as of September 18 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with the highest gainers being Yongtai Energy (up 10.32%), Liao Port Co. (up 2.75%), and *ST Su Wu (up 2.15%) [1] - Conversely, 11 stocks decreased in price, with the largest declines seen in Rongsheng Development (down 8.54%), *ST Gao Hong (down 5.56%), and Zhitian Tui (down 5.36%) [1] - The stock price performance of low-priced stocks shows a mixed trend, indicating volatility in this segment [1]

宇通重工发布公告，全资子公司郑州宇通环保科技有限公司将所持郑州绿源餐厨垃圾处理有限公司51% 股权以约0.70亿元转让予山高十方环保能源集团有限公司，控股权变更已获政府批复。此次签署补充协 议，明确2025-2027年如餐厨废弃物处理服务费标准调整，交易对价可按约定公式调整，最高调整金额 不超过750万元。 ...

Market Overview - On September 18, the environmental governance sector declined by 1.68%, with Fuke Environmental leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the environmental governance sector included: - Fulongma (603686) with a closing price of 21.02, up 9.99% and a trading volume of 950,800 shares, totaling 1.947 billion yuan [1] - Xin'an Clean (831370) at 5.52, up 6.56% with a trading volume of 461,500 shares, totaling 258 million yuan [1] - Wande (688178) at 28.31, up 5.52% with a trading volume of 37,800 shares, totaling 107 million yuan [1] - Conversely, significant decliners included: - Fuke Environmental (688335) at 19.67, down 8.47% with a trading volume of 106,900 shares, totaling 220 million yuan [2] - Bohai Co. (000605) at 7.22, down 6.72% with a trading volume of 340,100 shares, totaling 249 million yuan [2] - Yuanda Environmental (600292) at 12.76, down 5.69% with a trading volume of 387,000 shares, totaling 500 million yuan [2] Capital Flow - The environmental governance sector experienced a net outflow of 64.89 million yuan from institutional investors, while retail investors saw a net outflow of 195 million yuan [2] - However, speculative funds recorded a net inflow of 260 million yuan [2] Individual Stock Capital Flow - Fulongma (603686) had a net inflow of 42.6 million yuan from institutional investors, but a net outflow of 19.1 million yuan from speculative funds and 23.6 million yuan from retail investors [3] - Huicheng Environmental (300779) saw a net inflow of 111 million yuan from institutional investors, with a net inflow of 26.62 million yuan from speculative funds, but a net outflow of 138 million yuan from retail investors [3] - Yuhua Tian (300815) had a net inflow of 79.93 million yuan from institutional investors, while speculative funds experienced a net outflow of 43.8 million yuan and retail investors a net outflow of 36.12 million yuan [3]

Group 1 - The article highlights the importance of early career planning and support for university students, particularly in the context of employment assistance provided by Guangxi Normal University [2][3] - Guangxi Normal University has implemented a comprehensive talent cultivation path that connects professional knowledge with career development, including various initiatives such as career planning courses and practical training programs [2][3] - The university's employment guidance center conducts thorough assessments of students' employment situations and develops personalized support plans to enhance students' employability [3] Group 2 - The article features a case study of a student, Xiao Gang, who successfully navigated his career path through the university's support system, demonstrating the effectiveness of the initiatives in place [2][3] - Xiao Gang's proactive approach to gaining practical experience in environmental engineering, including on-site training and mentorship, is emphasized as a key factor in his successful job placement [2][3] - The university's efforts include organizing activities such as mock interviews and job training camps to further prepare students for the job market [3]