Core Viewpoint - The company, Qingxin Environment, emphasizes its commitment to focusing on its core responsibilities and enhancing its capabilities in the environmental protection sector, particularly in water services and air quality management [1] Group 1: Business Focus - The company will continue to consolidate its water service business as a key area of focus [1] - It aims to strengthen and extend its air quality management services [1] Group 2: Strategic Development - The company is dedicated to improving its comprehensive energy and environmental service capabilities [1] - It is committed to promoting high-quality transformation and development [1] Group 3: Investor Relations - The company emphasizes the importance of safeguarding the rights and interests of its investors [1]

以海兰河流域综合治理为重点，龙井市打出污染防治与生态修复"组合拳"。制定落实《龙井市水环境质 量巩固提升实施方案》，全面推行河长制，系统整治工业、农业、生活污染，确保入河水质稳定达标。 同步实施生态缓冲带保护与修复工程，持续推进国土绿化行动，强化森林资源管护和水土流失治理，构 建连续完整的生态廊道。通过系统治理，海兰河流域重现"水清岸绿、鱼翔浅底"的美丽景象。 记者从吉林省延边州龙井市委宣传部获悉：近日，吉林省延边州龙井市成功获评"2025年生态文明建设 示范区"和"'绿水青山就是金山银山'实践创新基地"两项国家级荣誉，标志着该市在生态文明建设和绿色 发展道路上迈出关键一步。 近年来，龙井市始终坚持生态优先、绿色发展理念，将生态文明建设摆在全局工作的突出位置。龙井市 委、市政府明晰工作实施路径，先后制定并实施《龙井市深入打好污染防治攻坚战实施方案》等一系列 文件，构建起系统完善的生态文明建设制度体系。 龙井市不断完善"多规合一"规划管控，全力推动国土空间规划"一张图"体系建设。在推进绿化美化、加 快管网升级改造、完善基础设施建设等方面同步发力，严格落实"河长制""林长制"，建立健全应急联动 机制，加强环境风险 ...

成都环境治理体系日益现代化，推动出台大气、水污染防治等地方法规，构建生态环境损害赔 偿"1+N"政策体系，健全岷江、沱江流域横向生态保护补偿机制和饮用水源保护激励机制。打造多跨协 同智慧治理平台，构建全域覆盖立体感知网络，坚持以"空天地"一体化监测网络筑牢生态治理底座，深 化全国智慧监测试点、碳监测试点，实现对大气、水、土壤等环境要素的"全时域、全要素、全过程"智 能监测预警。 值得一提的是，在美丽成都建设实践中，成都形成了一批可借鉴、可推广的经验。成都市生态环境局规 划与环境统计处相关负责人介绍，成都以"全领域转型、全方位提升、全地域建设、全社会行动"为路 径，推动战略蓝图转化为实景画卷，一体推进美丽蓝天、美丽河湖、美丽乡村、美丽社区建设，崇州、 蒲江等地的实践在全省推广。 同时，成都市生态环境局还以"五个服务"为导向，持续助推营商环境优化。其中，以推动问题高效务实 解决为例，通过搭建"市级主阵地+23个分站"的"生态优园惠企会客厅"，全年已举办活动45场，累计服 务企业1.6万余家，协调解决环保诉求1400余个。 下一步，成都将研究制定建设美丽城市实施方案，聚焦任务、政策、工程项目"三个清单"靶向发力，力 ...

Core Viewpoint - The establishment of the Donghu Center by Changjiang Industrial Group in Wuhan marks a new phase of cluster synergy and ecological empowerment for listed companies [1] Group 1: Donghu Center and Its Role - The Donghu Center serves as a headquarters base for listed companies rooted in Wuhan and acts as a value hub linking capital, technology, and markets [1] - The center is positioned as a strategic support point for the central China region, aiming to radiate nationwide [1] - The group plans to use the Donghu Center to build an innovation ecosystem, integrate various resources, and invest in the real economy, creating a demonstration area that combines scenic innovation and vibrant ecology [1] Group 2: Changjiang Industrial Group Overview - Changjiang Industrial Group is a provincial-level industrial investment platform in Hubei, responsible for strategic emerging industry investment and management of provincial industrial investment funds [2] - The group operates under a model that includes one investment platform per industry, multiple enterprise entities, a fund group, and a public service system [2] - The focus is on eight major industrial sectors: optoelectronic information, automotive and high-end manufacturing, life health, modern chemicals, new energy, ecological environment, new materials, and Beidou digital [2]

Group 1 - The provincial committee emphasizes the importance of advancing characteristic modern agriculture, particularly in the tomato industry, to enhance quality and brand development [1] - The committee's focus on new urbanization and comprehensive rural revitalization provides a clear path for rural development, encouraging the establishment of a full-chain development model in agriculture and eco-tourism [2] - The directive to strengthen inclusive and foundational social welfare construction offers guidance for improving grassroots social work and governance [2] Group 2 - The committee's call to enhance ecological civilization construction aims to establish ecological safety barriers and promote green and low-carbon development [3][4] - The focus on education, technology, and talent reform is intended to foster organized innovation within industries, encouraging workers to enhance skills and improve product quality [4]

Group 1 - The company, Zhenghe Ecology (605069.SH), announced a share buyback program, accumulating a total of 699,900 shares, which represents 0.33% of the company's total share capital [1] - The buyback was conducted through the Shanghai Stock Exchange trading system via centralized bidding [1] - The highest transaction price for the buyback was 10.5 CNY per share, while the lowest was 7.81 CNY per share, with a total expenditure of 5,896,526 CNY (excluding stamp duty and transaction fees) [1]

12月1日，国家发改委发布的《基础设施领域不动产投资信托基金（REITs）项目行业范围清单（2025年版）》指出的能源基础设 施，包括风电、太阳能发电、水力发电、天然气发电、生物质发电、核电等清洁能源项目；储能设施项目；清洁低碳、灵活高效的燃 煤发电（含热电联产煤电）项目；特高压输电项目，增量配电网、微电网、充电基础设施项目。 以下为原文 国家发展改革委办公厅关于印发《基础设施领域不动产投资信托基金（REITs）项目行业范围清单（2025年版）》的通知 发改办投资〔2 0 25〕991号 各省、自治区、直辖市及计划单列市、新疆生产建设兵团发展改革委，有关中央企业： 为贯彻落实党中央、国务院决策部署，根据《中共中央、国务院关于推动城市高质量发展的意见》《中共中央办公厅、国务院办公厅关 于持续推进城市更新行动的意见》以及中共中央办公厅、国务院办公厅印发的《提振消费专项行动方案》等要求，更好发挥基础设施领 附件： 域不动产投资信托基金（以下简称"基础设施REITs "）盘活存量资产、促进投资良性循环的作用， 我委对基础设施REITs发行范围作 了进一步拓展 ，形成了《基础设施领域不动产投资信托基金（REITs）项目 ...

尽管成效初显，生态产品价值实现仍面临诸多挑战。多位专家指出，核算体系不统一是当前最突出的问 题。中国人民大学生态文明研究院副院长、生态环境学院教授曾贤刚直言，当前GEP核算存在随意性 大、科学性不足的问题，核算结果往往停留在宣传或考核层面，与具体的项目融资、交易关联性不强， 实用性有待提高。自然资源部第一海洋研究所研究员陈尚也指出，核算参数在本地化、标准化方面有所 欠缺，导致结果难以横向比较和实际应用。 产权界定不清是另一大瓶颈。曾贤刚以"小产权房"为例，说明产权不完整将严重制约资产价值实现。他 指出，生态产品是一种资产，资产必须具有清晰的产权特征，包括所有权、使用权、经营权、流转权、 抵押权等。而生态资源多属于公共产品或集体所有，产权边界模糊、流转受限，导致难以进行市场化交 易和金融赋能。 此外，价值转化路径单一、金融支持不足、产业同质化严重等问题也屡被提及。南京农业大学土地管理 学院副教授陶宇指出，当前生态产品开发多集中于农产品与乡村旅游，缺乏差异化与系统化布局。中节 能生态产品发展研究中心有限公司生态产品部主任助理、研究专班负责人于涛也持同样观点："若大家 都去做农家乐、卖特产，很快就会供给过剩，导致效 ...

Core Insights - The article emphasizes the importance of carbon peak and carbon neutrality as guiding principles for China's economic green development, highlighting the ecological and environmental industry's role in the 14th Five-Year Plan [1][2] Group 1: Industry Development Goals - The ecological and environmental industry is transitioning from a focus on pollution control to a systematic approach that integrates carbon reduction, pollution reduction, green expansion, and economic growth [2] - The industry has achieved significant milestones, with revenue reaching approximately 2.3 trillion yuan, supported by advancements in scale, technology, and cluster layout [1] Group 2: Innovation and Technology - High-quality development in the ecological and environmental industry requires a focus on technological innovation, aiming to shift from end-of-pipe emissions control to resource recovery and smart systems [3] - The establishment of a national environmental technology innovation center is proposed to tackle critical technologies and ensure a self-sufficient and secure supply chain [3] Group 3: Market Dynamics and Enterprise Role - Private enterprises play a crucial role in the ecological and environmental industry, accounting for over 90% of the total number of firms and generating more than 70% of innovative outcomes [4] - The article advocates for a collaborative framework between state-owned and private enterprises to enhance resource integration and innovation [4] Group 4: Policy and Planning - The article calls for an expansion of policy tools to support the ecological and environmental industry, including tax incentives and financial support, while integrating industry development into national energy conservation and environmental protection plans [4] - A comprehensive and actionable industry development plan is necessary to guide local and enterprise efforts towards sustainable growth [4] Group 5: Value Creation and Economic Benefits - The ultimate goal of the ecological and environmental industry is to address pressing environmental issues while transforming environmental governance into value creation [5] - Innovative approaches to urban ecological management and water governance are highlighted as means to achieve both ecological and economic benefits [5]

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - This report is a weekly report on public - offering infrastructure REITs from November 24, 2025, to November 28, 2025, presenting secondary - market price - volume performance, valuation, market correlation statistics, and primary - market tracking of REITs [1][2] 3. Summary According to Relevant Catalogs 3.1 Secondary - Market Price - Volume Performance - The report details the performance of various REITs, including listing date, issue price, trading volume, turnover rate, return on the listing day, return since listing, return this week, return last week, and return since the beginning of this year. For example, the red - clay innovation Yantian Port REIT had an issue price of 2.3 yuan on June 21, 2021, with a listing - day return of 2.91% and a return since listing of 19.98%. Its trading volume this week was 0.09 (in 100 million shares), and the turnover rate was 1.24% [9] 3.2 Secondary - Market Valuation Situation - The report compares indicators such as P/FFO, P/NAV, current quantile, IRR, PV multiplier, and cash distribution rate of different REITs. For instance, the red - clay innovation Yantian Port REIT has a P/FFO of 19.15, a P/NAV of 1.06, and a current quantile of 48.00% [20] 3.3 Market Correlation Statistics - The report shows the correlation coefficients between REITs and various asset types, including stocks, convertible bonds, pure bonds, and commodities. For example, the correlation coefficient between REITs and the Shanghai Composite Index is 0.20, and that between energy - type REITs and the Shanghai Composite Index is 0.04 [27] 3.4 Primary - Market Tracking - The report lists the status of multiple REIT projects in the primary market, including project nature, project type, stage, acceptance date, original equity holder, underlying project, and project valuation. For example, the Huaxia Anbo Warehouse Logistics REIT is a property - type project in the warehousing and logistics industry. It has passed the review, and its acceptance date was June 30, 2025. The project is valued at 22.49 billion yuan [29]