安徽中环环保科技股份有限公司 第一章 总则 第一条 为规范安徽中环环保科技股份有限公司（以下简称"公司""中环 环保"）2025 年员工持股计划（以下简称"员工持股计划"）的实施，根据《中 华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》 （以下简称"《证券法》"）《关于上市公司实施员工持股计划试点的指导意见》 （以下简称"《指导意见》"）《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》（以下简称"《自律监管指引第 2 号》"）等法 律、法规、规范性文件以及《安徽中环环保科技股份有限公司章程》（以下简称 "《公司章程》"）《安徽中环环保科技股份有限公司 2025 年员工持股计划（草 案）》（以下简称"员工持股计划草案"）的规定，制定《安徽中环环保科技股 份有限公司 2025 年员工持股计划管理办法》（以下简称"《员工持股计划管理 办法》""本管理办法"）。 第二条 公司员工自愿、合法、合规地参与本员工持股计划，持有公司股票 的目的在于建立和完善员工、股东的利益共享机制，改善公司治理水平，提高职 工的凝聚力和公司竞争力，调动员工的积极性和创造性，促进公司长期、持 ...

Group 1 - The company expects a net loss for the period from January 1, 2025, to June 30, 2025, with an estimated loss ranging from 30.39 million to 38.51 million yuan [1] - The net profit attributable to shareholders is projected to decline by 495.35% to 600.95% compared to the same period last year, with a previous profit of 7.69 million yuan [1] - The basic earnings per share are expected to be a loss of 0.20 to 0.26 yuan per share, compared to a profit of 0.05 yuan per share in the previous year [1] Group 2 - The main reasons for the performance decline include a reduction in large project orders, intensified industry competition, rising cost pressures, and extended customer payment cycles leading to increased credit and asset impairment provisions [2] - The financial data related to the performance forecast has not been audited by an accounting firm, but there are no significant discrepancies between the company and the accounting firm regarding the performance forecast [1][2]

Group 1 - The company expects a net profit attributable to the parent company for the first half of 2025 to be between -92 million yuan and -68 million yuan [1] - The expected net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be between -95 million yuan and -70 million yuan [1] - The profit for the same period last year was -66.56 million yuan, with a net profit attributable to the parent company of -60.42 million yuan [1][2] Group 2 - The main reasons for the expected loss in the first half of 2025 include a decrease in engineering construction volume and slow progress in project payments, leading to impairment losses on receivables [2] - The earnings per share for the current period is projected to be -0.37 yuan per share [2] - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by a registered accountant [2]

Group 1 - Shandong High-Speed Group and Shandong Development Investment Holding Group signed a strategic cooperation agreement on July 10 [1] - The agreement focuses on enhancing cooperation in areas such as engineering construction, new energy, integration of industry and finance, strategic emerging industries, and future industries [1] - The partnership aims to establish a comprehensive and in-depth strategic cooperative relationship between the two companies [1]

Group 1: US-China Trade Relations - The Chinese Ministry of Commerce confirmed ongoing communication between the US and China regarding economic and trade issues, emphasizing the need for mutual respect and cooperation to stabilize bilateral relations [1] Group 2: Rare Earth Price Increase - Northern Rare Earth and Baotou Steel announced plans to adjust the price of rare earth concentrate to 19,109 yuan per ton (excluding tax) for Q3 2025, reflecting a 1.5% increase [2] Group 3: High Dividend Payouts - Goldman Sachs projected that by the end of 2025, Chinese listed companies will distribute a total of 3 trillion yuan in dividends, reaching a historical high, which is expected to attract more global investors [3] Group 4: Northbound Capital Inflows - Northbound capital increased by 54.8 billion yuan in Q2 2025, with total holdings reaching 2.28 trillion yuan, focusing on financial, industrial, and healthcare sectors [5] Group 5: New Stock Market Activity - The new stock market saw significant activity, with N Tongyu's first-day gain of 128.05%, leading to potential profits of up to 75,000 yuan per single lot [7] Group 6: Electricity Demand Forecast - The China Electricity Council projected a 5% to 6% year-on-year increase in national electricity consumption for 2025, driven by economic growth and macroeconomic policies [12] Group 7: Investment Opportunities in Power Sector - Analysts suggested focusing on power sector investments due to rising electricity demand from high temperatures, recommending companies like Huaneng International and China Nuclear Power [13] Group 8: Corporate Earnings Forecasts - Several companies, including Northern Rare Earth and Baotou Steel, are expected to report significant earnings growth, with Northern Rare Earth's price adjustment indicating a positive outlook for the sector [22][23]

Core Viewpoint - The construction industry is moving towards a consensus on reducing production and limiting competition to protect profits, driven by the "anti-involution" policy [2][4][9] Group 1: Industry Initiatives - A joint initiative titled "Proposal for Building Industry Party Organizations and Party Members to Lead in Creating a Clean and Positive Industry Environment" has been issued by 33 construction enterprises, aiming to resist "involution" competition [2][4] - The initiative emphasizes the importance of technological innovation for transformation and upgrading, focusing on intrinsic and long-term value rather than blind expansion and excessive debt [2][4][6] Group 2: Policy Context - The government has been actively addressing "involution" through various measures, including the revision of the Anti-Unfair Competition Law and promoting capacity exit to combat disorderly competition [3][4] - The construction industry is responding to these policies by initiating capacity reduction actions and optimizing product structures to stabilize prices and enhance competitiveness [3][4] Group 3: Market Conditions - The cement industry is experiencing severe price wars, leading to significant losses, with 11 out of 20 listed companies reporting profits and the rest incurring losses in the first half of 2024 [5] - Associations in regions like Zhejiang and Guangdong are advocating for a reduction in production and a halt to price wars to achieve quality-driven growth [5] Group 4: Strategic Focus - The construction industry is at a critical juncture, with a focus on compliance and risk management to adapt to changing market conditions and promote high-quality development [7][8] - Companies are encouraged to prioritize innovation and sustainable practices over mere scale and speed, aiming for a transformation towards high-end, intelligent, and green development [7][8]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to a cash dividend distribution, reducing the price from 10.96 CNY per share to 10.91 CNY per share, effective from July 17, 2025 [3][4]. Group 1: Announcement Details - The company has issued 1 billion CNY of convertible bonds, which will be traded on the Shenzhen Stock Exchange starting January 16, 2024 [1]. - The adjustment formula for the conversion price is specified, taking into account various corporate actions such as stock dividends, capital increases, and cash dividends [1][2]. - The cash dividend distribution is set at 0.5 CNY per 10 shares, with no stock dividends or capital increases planned [3][4]. Group 2: Conversion Price Adjustment - The previous conversion price was 10.96 CNY per share, which will be adjusted to 10.91 CNY per share due to the cash dividend [3][4]. - The adjustment will take effect on July 17, 2025, coinciding with the ex-dividend date [4]. - The company will publish announcements regarding any future adjustments to the conversion price in accordance with relevant regulations [2].

2025.07. 10 本文字数：2189，阅读时长大约3分钟 作者 | 第一财经 马一凡 不盲目扩张及过度负债，坚决抵制违法转包、违规分包、围标串标，坚决抵制"内卷式"竞争——近 日，33家建筑工程行业巨头发布倡议书联手"反内卷"，对行业积弊坚决"说不"。 有建筑行业资深从业者表示，建筑工程业过去长期存在低价中标、带资承包、垫资施工、超长账期的 问题，如今行业联手"反内卷"有利于优胜劣汰、提升长远经营质量。 此外，作为上下游产业的建筑材料行业近期也有一系列"反内卷"动作，如水泥行业将切实推动熟料生 产线备案产能与实际产能的统一，推动行业转型升级；防水建材多家头部企业发出"涨价函"，以缓解 成本上行和利润微薄问题。 抵制行业乱象 7月7日，国务院国资委党委和全国工商联党组共同在北京举办高质量党建引领建筑行业高质量发展 主题活动暨行业倡议发布会。 除了建筑工程行业，近期作为建筑上下游的建材行业也有不少细分行业或企业响应"反内卷"号召。 在这场会议上，33家建筑类中央企业、地方国企以及民营企业基层党组织联合发出一份《关于号召 建筑行业党组织和广大党员在营造风清气正行业环境中走在前作表率的倡议书》（以下简称"倡议 ...

Group 1 - The company has approved the 2024 annual profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares, totaling approximately 54.09 million RMB [1][2] - The total share capital used for the distribution has been updated to 1,081,784,396 shares, reflecting a slight increase from the previous figure [2] - The dividend distribution will be adjusted based on the latest share capital before implementation, maintaining the distribution ratio [2] Group 2 - The record date for the dividend distribution is set for July 16, 2025, with the ex-dividend date on July 17, 2025 [3] - The distribution will be made directly to shareholders' accounts through their securities companies during the application period from July 9 to July 16, 2025 [3] - Following the dividend distribution, the conversion price of the company's convertible bonds will be adjusted from 10.96 RMB to 10.91 RMB per share, effective from July 17, 2025 [3]

Group 1 - The core point of the announcement is that major shareholders Huai'an Xutian and Huai'an Zhongtian plan to reduce their holdings in Huayang International by a total of up to 1,960,000 shares, which represents 1% of the company's total share capital [1][2] - Huai'an Xutian holds 12,838,000 shares, accounting for 6.55% of the total share capital, and plans to reduce its holdings by up to 1,043,500 shares (0.53%), while Huai'an Zhongtian plans to reduce by up to 916,500 shares (0.47%) [1][2] - The reduction will occur within 90 consecutive trading days through centralized bidding or block trading, and the number of shares to be reduced will be adjusted if there are changes in the company's share capital [2] Group 2 - Both Huai'an Xutian and Huai'an Zhongtian have committed to certain restrictions regarding their shareholdings, including not transferring shares within 12 months of the company's stock listing and adhering to a minimum selling price after the lock-up period [2][3] - The company confirms that the commitments made by the shareholders have been strictly adhered to, and the planned reduction does not violate any of these commitments [3][4] - The reduction plan will not lead to a change in the control of the listed company, and the company will continue to monitor the situation and fulfill its information disclosure obligations [4]