Group 1 - The company's operating revenue for the first half of 2025 is 325 million, representing a year-on-year decline of 35.77% [1] - The company reported a net loss of 34.96 million, compared to a net profit of 3.87 million in the same period last year [1] - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [1]

Core Viewpoint - Beijing Construction Environment Restoration Co., Ltd. has shown a mixed performance in terms of financing and operational metrics, with a notable decline in net profit despite a slight increase in revenue [1][2]. Financing Summary - On August 26, the company's stock price decreased by 0.07%, with a trading volume of 53.94 million yuan. The financing buy-in amounted to 6.56 million yuan, while financing repayment was 6.55 million yuan, resulting in a net financing buy of 10,600 yuan [1]. - As of August 26, the total margin financing and securities lending balance was 84.86 million yuan, with the financing balance accounting for 6.62% of the circulating market value, indicating a high level compared to the past year [1]. - The company had no securities sold or repaid on the same day, with a securities lending balance of 1,408 yuan, also reflecting a high level compared to the past year [1]. Operational Performance - For the period from January to March 2025, the company reported a revenue of 227 million yuan, representing a year-on-year growth of 2.11%. However, the net profit attributable to shareholders was -7.56 million yuan, a significant decline of 120.79% compared to the previous period [2]. - As of March 31, 2025, the number of shareholders was 12,200, a decrease of 6.78%, while the average circulating shares per person increased by 7.27% to 7,475 shares [2]. Dividend and Shareholding Information - Since its A-share listing, the company has distributed a total of 88.97 million yuan in dividends, with 44.32 million yuan distributed over the past three years [3]. - As of March 31, 2025, the second-largest circulating shareholder was Dazhong Jingheng Mixed A (090019), holding 1.0434 million shares, with no change in the number of shares held compared to the previous period [3].

Core Viewpoint - The company, JianGong Repair, is a leading player in the domestic environmental remediation sector, specializing in heavy metal pollution control and tailings remediation, with multiple successful case studies [1] Group 1: Company Overview - JianGong Repair has not yet undertaken any lithium mica mine pollution remediation projects, but its technical systems, including chemical stabilization, leaching technology, and ecological barriers, are applicable to similar pollution scenarios [1] - The company currently has no soil remediation projects in Yichun [1]

Group 1 - The core project, led by China Jereh Group, has successfully completed the operational testing of the first set of equipment for the Kuwait Environmental Remediation Program's oil lake crude oil recovery project, marking the official commencement of the execution phase [1] - The Kuwait Environmental Remediation Program is one of the largest land-based environmental remediation projects globally, aimed at addressing oil pollution and war-related issues caused by the Gulf War [1] - Jereh Group is responsible for the overall solution and core equipment provision for the oil lake crude oil recovery project, with a project value of approximately 100 million RMB (around 14 million USD) [1]

Core Viewpoint - The China Securities Green Ecology Theme Index has shown a slight increase over the past month and three months, while it has experienced a minor decline year-to-date, reflecting the performance of companies involved in clean energy and ecological protection [2] Group 1: Index Performance - The China Securities Green Ecology Theme Index rose by 1.35% in the last month and 6.49% over the past three months, with a year-to-date decline of 0.05% [2] - The index is based on 50 listed companies involved in clean energy, electrification, hydrogen energy, resource efficiency, pollution control, environmental restoration, and ecological protection [2] Group 2: Index Composition - The index was established on December 31, 2015, with a base value of 1000.0 points [2] - The top ten weighted companies in the index are: CATL (15.36%), Yangtze Power (13.28%), Inovance Technology (5.76%), Sungrow Power (5.18%), LONGi Green Energy (4.48%), China National Nuclear Power (3.5%), TBEA (3.14%), Changan Automobile (2.97%), Sanhua Intelligent Control (2.87%), and Three Gorges Energy (2.86%) [2] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (54.71%) and the Shanghai Stock Exchange (45.29%) [2] Group 3: Industry Breakdown - The industry composition of the index shows that industrials account for 58.13%, utilities for 26.22%, materials for 9.11%, consumer discretionary for 5.84%, and information technology for 0.70% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3]

Group 1 - The company, Beijing Construction Environment Remediation Co., Ltd., has formed a joint venture with Hefei Dongxin Jianbang Environmental Remediation Co., Ltd. to participate in the bidding for the "Jingxian Langqiao Town Wuxi Gold Mine Soil Pollution Source Comprehensive Treatment EPC Project," with a winning bid amount of 32.76 million yuan [1][2] - The transaction is classified as a related party transaction, as Dongxin Jianbang is a related legal entity due to the directorship of its board member [1][3] - The project is within the scope of the company's recent audited net assets, not exceeding 5%, and does not require shareholder approval [2][6] Group 2 - The financial data of Dongxin Jianbang for the year 2024 shows a net asset of approximately 5.51 million yuan, operating income of about 3.83 million yuan, and a net loss of approximately 6.31 million yuan [3] - The joint venture has previously won the "Hefei Paper Mill Soil Remediation Project" in February 2025, with a bid amount of approximately 32.88 million yuan, where the company undertook 30% of the workload [5][6] - The pricing policy for the related party transaction is based on normal business operations and is determined through public bidding, ensuring fair pricing [4][6] Group 3 - The main content of the contract includes payment terms for design and construction fees, with specific percentages outlined for progress payments and quality assurance [4][5] - The total project duration is set at 210 calendar days, with the company taking the lead in project design and coordination, while Dongxin Jianbang will assist in construction activities [5] - The transaction is deemed necessary for the operational needs of both parties and is expected to have no adverse impact on the company's independence or operations [6][7]

Group 1 - The board of directors of Beijing Construction Environment Restoration Co., Ltd. held its 12th meeting of the 4th session on June 18, 2025, in a combined onsite and teleconference format, with all 9 directors present [1][2] - The board approved a joint project with the related party Hefei Dongxin Jianbang Environmental Restoration Co., Ltd. to undertake the "Jingxian Langqiao Town Wuxi Gold Mine Soil Pollution Source Comprehensive Treatment EPC Project" [1][2] - The independent directors of the company reviewed and approved the related party transaction, with a unanimous vote of 9 in favor and no votes against or abstentions [2]

Core Viewpoint - The report from Cinda Securities highlights the increasing demands for environmental quality and low-carbon industrial development during the 14th Five-Year Plan, indicating that energy conservation, environmental protection, and resource recycling are expected to maintain high prosperity levels [1] Group 1: Market Performance - As of June 6, the environmental protection sector rose by 0.46%, underperforming the broader market; the water governance sector increased by 1.38%, while the waste incineration sector declined by 0.31% [2] - The air governance sector saw an increase of 1.01%, while the solid waste sanitation sector dropped by 6.55% [2] Group 2: Industry Dynamics - The Ministry of Ecology and Environment released the "2024 China Ecological Environment Status Bulletin," indicating continuous improvement in national ecological environment quality, with an increase in the proportion of days with good air quality and a decrease in heavy pollution days [2] - A joint implementation plan for ecological protection compensation mechanisms along major rivers was announced, aiming for a stable operation by 2027 and comprehensive coverage by 2035 [2] Group 3: Policy Developments - The National Development and Reform Commission and the National Energy Administration issued a notice promoting the development of green electricity direct connection, which supports the integration of renewable energy production and consumption [3] - This policy is expected to optimize grid allocation and facilitate collaboration between waste incineration power generation and data centers, with several environmental companies actively exploring this new model [3] Group 4: Recommended Companies - Key recommendations include: Huanlan Environment (600323.SH), Xingrong Environment (000598.SZ), and Hongcheng Environment (600461.SH) for their stable profitability and positive cash flow [1] - Companies to watch include: Wangneng Environment (002034.SZ), Junxin Co., Ltd. (301109.SZ), Wuhan Holdings (600168.SH), and others [1]

Legal Matters - The company has won first-instance judgments in two out of the lawsuits disclosed on March 21, 2025, and five cases have been settled through mediation [1][2]. Market Management - Since establishing its market value management system, the company has focused on enhancing soil pollution prevention solutions and expanding into new environmental remediation businesses, securing multiple large-scale solid waste resource utilization and safe disposal projects [2][3]. - The company has implemented a stable cash dividend policy, completing cash dividends for the fiscal years 2020-2023 since its listing in 2021 [2][3]. Financial Performance - The company reported an order backlog of 1.183 billion yuan as of December 31, 2024, with new orders to be announced [5][6]. - The company acknowledges that its stock price is influenced by macroeconomic conditions, market cycles, and investor sentiment, urging investors to remain rational and aware of investment risks [3][4]. Business Development - The company is actively expanding its business in various sectors, including: - Solid waste disposal, with breakthroughs in technology and market reach [5][6]. - Phosphogypsum disposal, with rapid expansion into regions like Yunnan and Inner Mongolia [5][6]. - Comprehensive utilization of red mud and oil sludge treatment technologies [5][6]. - The company has secured significant projects, including a comprehensive land remediation project with a total investment of approximately 1.14 billion yuan [5][6]. Technological Advancements - The company has developed a range of advanced remediation technologies, achieving international leading and advanced levels in several areas, including chemical oxidation, thermal desorption, and in-situ remediation techniques [16][17]. - The application of AI and digital technologies in project management has been effective, with over 20 projects utilizing the developed ecological data information system since 2022 [8][9]. Future Outlook - The company plans to continue focusing on research and development in sustainable remediation technologies, digital platforms, and solid waste resource utilization [12][16]. - The company is exploring potential mergers and acquisitions to expand its business scale and market share, with any plans to be disclosed in accordance with legal requirements [10][12].

Group 1 - The company, Beijing Construction Environment Restoration Co., Ltd., will hold an online performance briefing for the year 2024 on June 6, 2025, from 15:00 to 16:30 [1][2] - The meeting will be conducted in an interactive online format, accessible via the website www.ir-online.cn [1][2] - Investors can submit questions before the end of the briefing through a designated link or by scanning a QR code, and the company will respond to commonly asked questions within the limits of information disclosure [1][2] Group 2 - Key participants in the briefing will include the General Manager, Chief Accountant, Board Secretary, Independent Director, and Sponsor Representative [2] - Contact information for inquiries includes a designated contact person, phone number, fax, and email address [2]