股票代码：002672 股票简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | 整合上下游资源，形成集约化、规模化优势。完善"一站 | | --- | | 式"综合环境服务生态，以"环保慧诊"平台为入口，集 | | 成检测咨询、智慧化管理、工程运营等全链条能力，巩固 | | 市政环保业务基本盘，拓展矿山修复、海洋生态治理等 | | 增量市场，打造环境治理综合服务商标杆。此外，加大实 | | 施精益管理，完善成本管控体系，实现成本精细化管控。 | | 再者，围绕再生资源、环境服务等核心领域，联合头部机 | | 构挖掘优质并购标的。 | | 7.高管您好，请问贵公司未来盈利增长的主要驱动因 | | 素有哪些？谢谢。 | | 答:公司锚定"中国优秀的综合境服务商和中国资源 | | 循环产业领军企业"目标，聚焦城市化与工业化进程中 | | 的环保需求堵点痛点，推动业务向高端化、多品类延伸。 | | 8.今天召开业绩说明会，请领导给我们说明一下公司 | | 的发展及市场前景，好让我等投资者有信心投资贵公司。 | | 答:危废处置能力供过于求的情况在短时间内难以 | | 改善，在"无废湾区""无废城市""趋零填 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the coming months [6]. Core Views - The company is experiencing rapid revenue and profit growth, with projected revenue of 7.17 billion yuan in 2024, representing a year-over-year increase of 19.0%, and a net profit of 2.70 billion yuan, up 32.0% year-over-year [1]. - The company has a strong pipeline of waste incineration projects that will support steady growth, with 55 operational projects by the end of the reporting period, totaling an operational scale of approximately 37,300 tons per day [3]. - The company is making significant progress in its new energy materials business, with key projects in production, which are expected to contribute to profit growth [4]. Summary by Sections Financial Performance - In 2024, the company achieved a gross margin of 51.8%, an increase of 4.2 percentage points year-over-year, and a net profit margin of 38.8%, also up by 4.2 percentage points year-over-year [2]. - The management expense ratio decreased to 3.5%, while the financial expense ratio also saw a decline to 3.5%, indicating improved cost control [2]. - The company reported a net operating cash flow of 2.43 billion yuan in 2024, reflecting a year-over-year increase of 4.7% [2]. Project Pipeline and Growth Potential - The company has a robust project pipeline in waste incineration, with several projects entering operation or trial phases, ensuring a steady revenue stream [3]. - The equipment manufacturing segment is expanding, with new orders totaling approximately 3.17 billion yuan expected to contribute to revenue growth [3]. - The new energy materials segment is progressing well, with significant projects in production that are anticipated to enhance profitability [4]. Future Projections - The company is expected to achieve net profits of 3.34 billion yuan, 3.88 billion yuan, and 4.39 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding earnings per share (EPS) of 2.0 yuan, 2.3 yuan, and 2.6 yuan [4]. - The projected price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are 10.0X, 8.6X, and 7.6X, respectively, indicating a favorable valuation outlook [4].

截至2025年4月18日收盘，中原环保（000544）报收于8.09元，较上周的7.99元上涨1.25%。本周，中原 环保4月15日盘中最高价报8.12元。4月16日盘中最低价报7.95元。中原环保当前最新总市值78.85亿元， 在环境治理板块市值排名25/106，在两市A股市值排名1848/5146。 本周关注点 问：请为什么中原环保的分红方案连国九条规定的三年平均不低于利润的百分之三十都达不到？答：投 资者您好，公司通过持续、稳定、科学的利润分配，与投资者共享经营发展成果，2022 年至 2024年 度，公司将累计现金分红5.75亿元，占最近三个会计年度（2022年、2023 年、2024年）平均净利润的比 重为 74.33%。公司将持续为投资者创造稳健的投资报。谢谢！ 问：南曹污水处理厂一期投运正常工作了吗？何时投入正常工作？答：投资者您好，南曹污水处理厂一 期工程为全地下污水处理厂，为保证项目安全运行，项目辅助系统需同主工艺路线设备同时使用，目前 已完成土建、主工艺路线设备安装工作，正在进行通风、除臭、有害气体检测、照明等辅助系统安装调 试工作，公司将加快推进剩余工程项目建设，尽快实现项目投运。谢谢！ ...

Core Viewpoint - The company announced that its subsidiary, Ruimedake, has signed a contract for soil remediation services with a large oil and gas company, with an estimated total price of approximately 274-296 million Canadian dollars, equivalent to about 274-296 million RMB [1] Group 1: Contract Details - The contract is for soil remediation services at a site located in Alberta, Canada [1] - The contract will take effect immediately upon signing by both parties, with payments made in stages according to the progress of the contract [1] - The contract price is inclusive of taxes, and all taxes related to the contract will be borne by the subsidiary [1]

2024年3月，德林海的玉溪子公司向法院提起诉讼。2024年6月24日，江川水利局进行反诉，要求反诉玉 溪子公司退还前期已履约支付的部分工程款项。2024年11月，玉溪子公司收到了云南省玉溪市红塔区人 民法院送达的民事判决书，一审判决由原告玉溪子公司返还被告玉溪市江川区水利局多支付的资金及资 金占用费。 玉溪子公司认为一审法院在事实认定和法律适用方面存在错误，为依法主张自身合法权益，依法向玉溪 市中级人民法院提起了上诉。目前，二审上诉已被玉溪市中级人民法院立案受理，尚未开庭审理。 4月10日，德林海（688069.SH）发布公告，公司中标星云湖原位控藻及水质提升项目运行管理项目， 采购人为玉溪市江川区水利局，服务期限为两年，金额约5600万元/年，本项目将按实际处理吨水量结 算，根据公司初步测算，预计本次中标实际发生的总金额约为8785.20万元（两年）。 公告显示，中标金额为综合单价：（1）4座岸基站点运行维护费用以年处理吨水量综合单价0.524元/立 方米；（2）3座独立运行深井日常运行管理费以年处理吨水量综合单价0.034元/立方米。 分析指出，深井设备凭借低能耗运行的核心优势，单位水体管理费用不到岸基 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][7]. Core Views - The company achieved a revenue of 14.5 billion yuan in 2024, representing a year-on-year growth of 37.0%, primarily driven by the gradual release of capacity in the metal resource recycling segment [1][2]. - The net profit attributable to the parent company slightly decreased to 480 million yuan, down 4.5% year-on-year, mainly due to significant profit declines in the environmental engineering segment and goodwill impairment related to acquisitions [1][5]. - The solid waste and hazardous waste recycling segment saw a substantial revenue increase of 72.2% year-on-year, totaling 11.14 billion yuan, with a gross margin of 9.1% [2]. - The environmental operation service segment's revenue grew by 6.3% year-on-year to 1.73 billion yuan, with a gross margin of 49.9% [2]. - The environmental engineering segment's revenue fell by 34.3% year-on-year to 1.63 billion yuan, with a gross margin of 12.9% [2]. Summary by Sections Financial Performance - The company's overall gross margin decreased to 14.4%, down 3.8 percentage points year-on-year, primarily due to a significant drop in the gross margin of the environmental engineering segment [3]. - The company improved its expense control, with a total expense ratio of 7.3%, down 2.9 percentage points year-on-year [3]. - Operating cash flow significantly improved to 760 million yuan, a 17.1 billion yuan increase compared to the previous year [3]. Business Segments - The company has established a comprehensive industrial chain for multi-metal extraction, enhancing profitability through integrated operations in copper, lead, and nickel recycling [4]. - The copper recycling segment has seen operational improvements and successful project launches, contributing to a closed-loop industrial chain for resource recovery [4]. - The lead recycling segment has optimized its product structure and expanded raw material types, achieving a comprehensive recovery chain [4]. - The nickel recycling segment's new project has significantly enhanced the ability to separate and purify precious metals, improving competitive strength [4]. Profit Forecast - The company is expected to achieve net profits of 680 million yuan, 810 million yuan, and 940 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 14.1, 11.9, and 10.2 [5][6].

今天有一个里程碑式的事件，比特币的价格正式站上了10万美元。 其实半个多月前价格就已经来到97000附近，但随后在整数关口前进行了一段时间的调整，调整的这两个星期成了山寨币的窗口期，大量二线蓝筹蹦蹦跳 跳的完成了100-300%的涨幅。然后就是今天，带头大哥正式进入6位数时代。 多年前币圈曾经喊出过一个振聋发聩的口号，一币一墅，这在当时被当做是遥不可及的妄言妄语，但现如今已经摸得着边了，73万已经可以覆盖别墅的建 安成本，这一轮行情我觉得已经差不多了，等到4年后、8年后我们到时候再看看一个币能换到哪里的别墅。 今天刷到一个新闻，美图公司把持有的加密货币都卖了，盈利7900万美元，打算拿来给股东们特别分红。美团是2021年3月、4月入场的，btc和eth各买了 5000万美元，加起来1个亿。eth的成本是1600+，btc的成本是56000+。 其实这个btc买的不便宜，之后冲高到69000后开始回调，一度都跌到16000，美图浮亏严重。当时很多美图股东都在骂蔡文胜拿公司的钱瞎搞，不过在今 年又变成了"真香"。借着这波行情蔡文胜获利了结，最终盈利接近80%下车，浮盈不算赢，拿钱离场才是真赢。 我最近也开始止盈， ...