Group 1 - The 2025 China International Service Trade Fair (CIFTIS) is themed "Digital Intelligence Leading, Service Trade Renewed," showcasing new trends and innovations in service trade [1] - The fair features advanced technologies such as AI-driven travel planning tools and smart logistics solutions, enhancing service efficiency and customer experience [2][3] - A total of 190 new service trade achievements were presented, with 91 being global or national debuts, highlighting the event's role in promoting innovation and marketization [4] Group 2 - The fair emphasizes green and low-carbon initiatives, showcasing technologies and practices that support sustainable development [5][6] - China's commitment to green development is evident, with significant exports in renewable energy sectors, including a 71.9% increase in wind turbine exports and over 200 billion yuan in solar product exports [8] - The event serves as a platform for international cooperation, with participation from nearly 60 Australian institutions, indicating a focus on expanding global service trade opportunities [9] Group 3 - Digital trade is highlighted as a key driver of international economic cooperation, with innovations like blockchain technology improving trade document efficiency [10] - China's service import and export reached 3.9 trillion yuan in the first half of the year, marking an 8% year-on-year growth, reflecting the country's expanding service trade landscape [10] - The fair's policies aim to enhance openness in the service trade sector, demonstrating China's commitment to deeper international collaboration [10][11]

Group 1 - The 2025 China International Service Trade Fair (CIFTIS) serves as a significant platform for open innovation and cooperation in the service trade sector, featuring 85 countries and international organizations and hosting 26 forums and meetings [1] - The integration of advanced technologies such as artificial intelligence, big data, and cloud computing with service trade is enhancing service efficiency and transforming service experiences, indicating a shift beyond mere economic considerations to encompass quality of life, cultural exchange, and social progress [1] - The fair promotes resource sharing and complementary advantages, allowing global service trade to flow freely and fostering collaboration among elite enterprises, experts, and industry leaders [1] Group 2 - China's commitment to optimizing the business environment, simplifying approval processes, and strengthening intellectual property protection is creating a fair and transparent development landscape for service trade enterprises, thereby enhancing their efficiency and reducing costs [2] - The fair facilitates a unique cooperative ecosystem where different civilizations share wisdom in the service sector, exemplified by African fintech companies accessing Chinese mobile payment technologies and European environmental service providers finding growth opportunities in China's dual carbon strategy [2] - The CIFTIS highlights the importance of mutual benefit and win-win cooperation as essential pathways for global economic collaboration and development, showcasing stories of shared progress through initiatives like digital education platforms and green technology [2]

Group 1 - Hubei Green沃生物科技有限公司 has been established with a registered capital of 1.35 million RMB [1] - The company is engaged in various activities including research and development of bio-organic fertilizers, sales of fertilizers, and technology services related to agricultural waste resource utilization [1] - The company also focuses on soil pollution remediation services, environmental protection consulting, and the sale of specialized environmental protection equipment [1] Group 2 - The company is involved in the production, sales, processing, transportation, and storage of agricultural products, including fresh vegetables and fruits [1] - The company operates under both general and licensed projects, with fertilizer production requiring specific approvals from relevant authorities [1]

天眼查App显示，近日，赣州辰光鑫照明有限公司成立，法定代表人为邱艳琼，注册资本100万人民 币，经营范围为许可项目：建筑智能化系统设计，建设工程施工（依法须经批准的项目，经相关部门批 准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为 准）一般项目：园林绿化工程施工，照明器具销售，信息安全设备销售，智能家庭消费设备销售，白蚁 防治服务，水环境污染防治服务，水土流失防治服务，农作物病虫害防治服务，安全技术防范系统设计 施工服务，专业保洁、清洗、消毒服务，水污染治理，城市绿化管理，卫生用杀虫剂销售，生态环境材 料销售，环境应急治理服务，环境保护专用设备销售，污水处理及其再生利用，信息技术咨询服务，人 工智能行业应用系统集成服务，安防设备销售，电气设备销售，机械设备销售，配电开关控制设备销 售，办公设备销售，计算器设备销售，电热食品加工设备销售，电子元器件与机电组件设备销售，照明 器具生产专用设备销售，农副食品加工专用设备销售，日用百货销售，日用品批发，光通信设备销售， 电气信号设备装置销售，制冷、空调设备销售，日用玻璃制品销售，灯具销售，电线、电缆经营，建筑 工程用机械销售 ...

Group 1 - The core viewpoint of the news is the decline in the stock price of Huicheng Environmental Protection, which fell by 5.12% to 175.05 CNY per share, with a trading volume of 247 million CNY and a turnover rate of 0.88%, resulting in a total market capitalization of 34.508 billion CNY [1] - Huicheng Environmental Protection specializes in providing waste catalyst treatment services for refining enterprises and the research, production, and sales of FCC catalysts, rejuvenated catalysts, and regenerated balancing agents, with the main business revenue composition being: hazardous waste treatment services 62.93%, resource utilization products 30.15%, other products 3.97%, three wastes governance 2.43%, and others 0.53% [1] Group 2 - From the perspective of fund holdings, Southern Fund has a significant position in Huicheng Environmental Protection, with the Southern CSI 1000 ETF holding 1.2685 million shares, accounting for 0.35% of the fund's net value, ranking as the third-largest holding [2] - The Southern CSI 1000 ETF has a total scale of 64.953 billion CNY and has achieved a year-to-date return of 22.64%, ranking 1895 out of 4222 in its category, with a one-year return of 62.7%, ranking 1305 out of 3798 [2]

据了解，巍特环境是一家利用自主研发的先进工艺、材料、设备、信息系统并结合高科技手段为客户提 供排水管网探测、检测评估、方案设计、零开挖修复以及智慧运营服务的专业服务型企业。公司北交所 IPO于2023年6月26日获得受理，当年7月11日进入问询阶段。 本次冲击上市，巍特环境拟募集资金约1.69亿元，扣除发行费用后，将应用于区域运营中心建设项目、 技术研发中心建设项目、补充流动资金。 北京商报讯（记者 马换换 王蔓蕾）根据安排，深圳市巍特环境科技股份有限公司（以下简称"巍特环 境"）北交所IPO将于9月12日上会迎考。 ...

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, but operational service revenue has increased, indicating a shift in business structure towards more stable income sources [1][2]. Group 1: Financial Performance - In H1 2025, the company achieved a revenue of 14.304 billion HKD, a year-on-year decrease of 8% [1]. - The net profit attributable to shareholders for H1 2025 was 2.207 billion HKD, down 10% year-on-year [1]. - The gross profit margin improved to 44.26%, an increase of 5.53 percentage points year-on-year, while the net profit margin rose to 19.44%, up 0.84 percentage points [3]. Group 2: Revenue Composition - Operational service revenue reached 9.943 billion HKD in H1 2025, a year-on-year increase of 5%, accounting for 70% of total revenue [1]. - Construction service revenue fell by 49% to 1.844 billion HKD due to a decrease in ongoing projects, representing 13% of total revenue [1]. - Financial income accounted for 17% of total revenue [1]. Group 3: Operational Efficiency - The company has a designed daily processing capacity for municipal solid waste of 162,900 tons, with 196 waste-to-energy projects in operation as of June 30, 2025 [2]. - In H1 2025, the company processed 28.572 million tons of municipal solid waste, with an average power generation of approximately 460 kWh per ton of waste [2]. - The company’s dividend per share for the mid-year was 0.15 HKD, an increase from 0.14 HKD in the same period of 2024, with a payout ratio of 42%, up from 35% year-on-year [2]. Group 4: Future Projections - Revenue forecasts for 2025-2027 are 28.671 billion HKD, 27.640 billion HKD, and 27.591 billion HKD, respectively [3]. - Expected net profits for the same period are 3.666 billion HKD, 3.924 billion HKD, and 4.265 billion HKD, with corresponding price-to-earnings ratios of 7.46, 6.97, and 6.41 [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has guided the Shanghai, Shenzhen, and Beijing stock exchanges to release disclosure guidelines on three environmental topics: "pollutant emissions," "energy utilization," and "water resource utilization," aimed at enhancing sustainable development awareness among listed companies and promoting standardized disclosures [1][2]. Group 1: Regulatory Framework - The CSRC has revised the "Management Measures for Information Disclosure of Listed Companies" and issued guidelines for sustainable development reporting, establishing a comprehensive disclosure rule system for listed companies [1][3]. - The new guidelines do not impose additional mandatory disclosure requirements but provide reference points for companies to prepare sustainable development reports, focusing on key processes and examples [1][2]. Group 2: Risk and Opportunity Analysis - The guidelines detail common risks and opportunities related to the environmental topics, such as capacity restrictions due to pollutant emission controls and challenges in fossil energy extraction, alongside opportunities from new pollution prevention technologies and water recycling systems [2][3]. - The core objective of the guidelines is to guide companies to proactively address key issues in sustainable development rather than merely fulfilling disclosure requirements [2][3]. Group 3: Implementation and Compliance - Mandatory disclosure subjects include companies listed in major indices like the Shanghai 180 and ChiNext 50, which must disclose their first sustainable development report by April 30, 2026 [4]. - The guidelines are compatible with international standards while integrating Chinese practices, helping companies improve their ESG ratings and reducing the learning costs associated with domestic and international standards [4][5]. Group 4: Continuous Improvement - The sustainable development disclosure rule system is continuously being refined, with the CSRC emphasizing the importance of feedback from various stakeholders during the drafting process [3][4]. - The introduction of the guidelines is expected to enhance the quality of sustainable information disclosure and highlight the investment value of high-quality companies [5].

北京市天元律师事务所 关于无锡德林海环保科技股份有限公司 京天股字（2025）第 539 号 致：无锡德林海环保科技股份有限公司 无锡德林海环保科技股份有限公司（以下简称"公司"）2025 年第二次临时股东 会（以下简称"本次会议"）采取现场投票与网络投票相结合的方式召开，现场会议 于 2025 年 9 月 5 日下午 14:00 在无锡市滨湖区康乐路 9 号公司会议室召开。北京 市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次会议， 并根据《中华人民共和国公司法》 （以下简称《召开股东会通知》）以及本所律师认为必要的 其他文件和资料，同时审查了出席现场会议股东的身份和资格、见证了本次会议的 召开，并参与了本次会议议案表决票的现场监票计票工作。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》和《律 师事务所证券法律业务执业规则（试行）》等规定及本法律意见出具日以前已经发生 或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充 分的核查验证，保证本法律意见所认定的事实真实、准确、完整，所发表的结论性意 见合法、准确，不存在虚假记载、误导性陈述或者重 ...

Core Viewpoint - Green Power (601330) has shown a significant increase in stock price, rising by 7.56% to HKD 4.84, with a trading volume of HKD 15.83 million, following the release of its mid-year performance for 2025 [1] Group 1: Financial Performance - For the first half of 2025, the company reported a revenue of CNY 1.684 billion, reflecting a year-on-year increase of 1.41% [1] - The net profit attributable to shareholders reached CNY 377 million, marking a substantial growth of 24.49% [1] - The weighted Return on Equity (ROE) was 4.56%, an increase of 0.77 percentage points [1] Group 2: Revenue Drivers - The company achieved revenue growth despite a decline in construction income, with construction revenue for the first half of 2024 at CNY 23 million and no construction revenue in the first half of 2025 [1] - Key contributors to revenue growth included an increase in sludge expansion, higher garbage volume, increased steam supply, and enhanced sales from leachate biogas purification [1] - Operating revenue for the same period increased by CNY 46 million, a year-on-year rise of 2.83% [1] Group 3: Dividend and Cash Flow - The current dividend yield for the company is 6.87% for Hong Kong shares and 4.29% for A-shares [1] - Free cash flow continued to strengthen in the first half of 2025, indicating potential for increased dividends [1] Group 4: Business Expansion - The company has been actively expanding its non-electricity businesses, particularly in heating, to mitigate the impact of national subsidy reductions [2] - In the first half of 2025, the steam supply business saw rapid growth, with a total supply of 513,800 tons, representing a significant year-on-year increase of 114.98% [2] - Several projects in the heating sector achieved breakthroughs, contributing to a notable increase in profits due to the high margin and quality cash flow associated with this business [2]