从基金十大重仓股角度 11月21日，高能环境跌5.12%，截至发稿，报6.86元/股，成交1.67亿元，换手率1.57%，总市值104.49亿 元。 资料显示，北京高能时代环境技术股份有限公司位于北京市海淀区秋枫路36号院1号楼高能环境大厦， 成立日期1992年8月28日，上市日期2014年12月29日，公司主营业务涉及从事固体废物污染防治技术研 究和应用,在垃圾处理、矿山能源、煤化工、石油化工、水利生态和环境修复等领域提供固体废物污染 防治系统解决方案和工程承包服务。主营业务收入构成为：固废危废资源化利用77.68%，环保运营服 务13.49%，环保工程8.83%。 数据显示，富国基金旗下1只基金重仓高能环境。富国中证1000指数增强(LOF)A（161039）三季度持有 股数88.33万股，占基金净值比例为0.54%，位居第八大重仓股。根据测算，今日浮亏损失约32.68万 元。 富国中证1000指数增强(LOF)A（161039）成立日期2018年5月31日，最新规模7.8亿。今年以来收益 27.84%，同类排名1630/4208；近一年收益25.66%，同类排名1416/3972；成立以来收益147.2 ...

Core Viewpoint - The actual controllers of Sains Environmental Co., Ltd. have agreed to extend the validity of the "Joint Action Agreement" for an additional 18 months to ensure stable control and governance of the company [1][3]. Group 1: Background of the Agreement - The "Joint Action Agreement" was originally signed on June 17, 2017, and was set to expire on November 24, 2025, coinciding with the company's initial public offering [1][3]. - The actual controllers, Gao Weirong, Gao Liangyun, and Gao Shihui, hold a combined 34.14% of the company's shares, ensuring their status as actual controllers [2]. Group 2: Main Content of the Agreement - The supplementary agreement extends the original agreement's validity by 18 months from the expiration date [3]. - The rights and obligations of the parties remain unchanged except for the extension of the agreement's duration [3][4]. Group 3: Impact on the Company - The extension of the "Joint Action Agreement" does not change the actual control of the company, which remains with Gao Weirong, Gao Liangyun, and Gao Shihui [5]. - This extension is expected to maintain the continuity and stability of the company's development strategy and management policies, without adversely affecting daily operations or harming the interests of minority investors [5].

Core Viewpoint - The company plans to issue up to 2.5 billion yuan in perpetual corporate bonds, pending approval at the 2024 annual shareholders' meeting, to primarily repay interest-bearing debts and supplement working capital [1] Group 1 - The registration process for the bond issuance is currently underway [1] - The funds raised will be used according to the specific purposes outlined in the pre-issuance fundraising prospectus [1] - The company aims to conduct financing planning based on project construction and operational funding needs, utilizing a one-time registration with either single or phased issuance as required [1]

Core Viewpoint - 京源环保 reported a revenue increase of 17.45% in the first nine months of 2025, but still faced net losses, indicating ongoing financial challenges despite revenue growth [1] Financial Performance - For the first nine months of 2025, 京源环保 achieved a revenue of 323 million yuan, a year-on-year increase of 17.45% [1] - The net profit attributable to shareholders was -3.79 million yuan, an improvement from -9.73 million yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -5.22 million yuan, compared to -13.72 million yuan in the previous year [1] - The net cash flow from operating activities was 14.71 million yuan [1] Future Projections - In 2023 and 2024, 京源环保 is projected to achieve revenues of 396 million yuan and 476 million yuan, respectively [2] - The net profit attributable to shareholders for 2023 and 2024 is expected to be -29.23 million yuan and -24.73 million yuan, respectively [2] - The net profit after deducting non-recurring gains and losses for the same years is projected to be -44.16 million yuan and -31.09 million yuan [2] - The net cash flow from operating activities is expected to be -88.55 million yuan in 2023 and 3.85 million yuan in 2024 [2] Capital Raising Activities - 京源环保 raised a total of 71.72 million yuan through two rounds of fundraising, including an IPO and a convertible bond issuance [3] - The IPO raised 384.74 million yuan, with a net amount of 34.27 million yuan after expenses [2][3] - The company issued 332,500 convertible bonds in 2022, raising 33.25 million yuan, with a net amount of 32.80 million yuan after expenses [3] Stock Performance - 京源环保's stock was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 9, 2020, with an initial price of 14.34 yuan per share [2] - The highest price recorded on the first trading day was 33.00 yuan [2] Shareholder Actions - On June 2, 2023, 京源环保 announced a stock bonus of 4 shares for every 10 shares held and a pre-tax dividend of 1.5 yuan [3] - A similar action was announced for July 9, 2025, with the same terms [3]

Meeting Overview - The first extraordinary general meeting of shareholders for 2025 was held on November 19, 2025, at the company's office in Wenzhou, Zhejiang Province [2] - The meeting was conducted with a combination of on-site and online voting, presided over by the chairman of the board, Mr. Xiang Guangming [2][3] Attendance - Out of 9 current directors, 6 attended the meeting, while all 3 supervisors were present [3] - The board secretary and other senior executives also attended the meeting [3] Resolutions Passed - A resolution to increase the number of board seats, abolish the supervisory board, change registered capital, and amend the Articles of Association was approved [4] - Several governance documents were approved, including rules for board meetings, shareholder meetings, fundraising management, external guarantee management, related party transaction management, independent director work system, and external investment and financing management [5][6] - The election of an independent director for the seventh board was also approved [6] Legal Verification - The meeting was witnessed by lawyers from Guohao Law Firm, confirming that the meeting's procedures and resolutions complied with relevant laws and regulations [7] Employee Director Election - The company held an employee representative meeting on November 19, 2025, where Ms. Li Yuyan was elected as an employee representative director, replacing Ms. Wang Heping [10] - Ms. Li meets the qualifications required by laws and regulations for a director [10] Convertible Bond Redemption Conditions - The company indicated that from November 5 to November 19, 2025, its stock price closed above 130% of the conversion price for ten consecutive trading days [14] - If the stock price remains above 130% of the conversion price for five trading days within the next nineteen days, it will trigger the conditional redemption clause for the "Wei 24 Convertible Bond" [21] Convertible Bond Issuance Details - The company issued 2.85 million convertible bonds with a total value of 285 million yuan, with a maturity of six years and a tiered interest rate structure [15][16] - The initial conversion price was set at 18.28 yuan per share, adjusted to 17.55 yuan per share as of June 6, 2025 [17] Board Meeting Decisions - The board meeting on November 19, 2025, approved the election of Mr. Xiang Guangming as the representative director and legal representative of the company [26] - The board also approved the establishment of an audit committee, replacing the supervisory board, with Ms. Li Mochou as the chairperson [28]

Group 1 - The core viewpoint of the news is that Tongxing Technology's stock has seen a significant increase of 6.56%, reaching a price of 24.54 CNY per share, with a total market capitalization of 3.208 billion CNY [1] - Tongxing Technology specializes in providing comprehensive solutions for ultra-low emissions in non-electric industrial sectors, including steel, coking, and building materials [1] - The company's main revenue sources are from flue gas treatment projects and equipment (61.32%), catalysts (38.26%), and other supplementary products (0.30%) [1] Group 2 - Among the top circulating shareholders of Tongxing Technology, a fund under China Merchants Fund, specifically the China Merchants Quantitative Selected Stock Fund A (001917), has entered the top ten with 1.18% of the circulating shares [2] - The China Merchants Quantitative Selected Stock Fund A has achieved a year-to-date return of 34.98% and ranks 1131 out of 4208 in its category [2] - The fund manager, Wang Ping, has a tenure of over 15 years and has managed assets totaling 21.247 billion CNY, with the best fund return during his tenure being 272.68% [3]

证券日报网讯 11月19日晚间，节能国祯发布公告称，近日，公司取得中信银行股份有限公司合肥分行 出具的《贷款承诺函》，主要内容如下，贷款银行：中信银行股份有限公司合肥分行；承诺贷款额度： 不超过人民币9，000万元；贷款用途：专项用于回购公司股票；借款期限：不超过3年；承诺函有效 期：自签发之日生效，有效期1年。 （文章来源：证券日报） ...

Group 1 - The company is currently collaborating with research institutions and design units in the chemical sector to study the updates and upgrades of SAF (Sustainable Aviation Fuel) equipment and technology [2] - Future capacity deployment and business expansion will be cautiously planned based on supply-demand and price assessments [2] - The company aims to steadily advance its business layout [2]

（文章来源：证券日报） 证券日报网讯 11月19日晚间，伟明环保发布公告称，公司于2025年11月19日召开职工代表大会，经与 会职工代表审议，同意汪和平女士不再担任第七届监事会职工代表监事，选举李玉燕女士为第七届董事 会职工代表董事。 ...

Core Viewpoint - Xuelang Environment (300385) is facing a pre-restructuring application due to its inability to repay debts and lack of repayment capacity, but it is considered to have restructuring value [1] Group 1: Pre-restructuring Application - Xuelang Environment received a notice from creditor Jiangsu Xinniu Cable Co., Ltd. applying for pre-restructuring due to the company's inability to repay due debts [1] - If the court accepts the pre-restructuring application, the company will hire a guide to assist in the restructuring process, including debt claims, asset investigation, and recruiting restructuring investors [1] Group 2: Restructuring Process - During the pre-restructuring period, the company will communicate with creditors and potential restructuring investors to gather feedback and develop a feasible restructuring plan [1] - If the company enters the restructuring process, a manager will be appointed by the court to draft a restructuring plan for creditor approval [1] Group 3: Financial Performance - For the first three quarters of 2025, Xuelang Environment reported revenue of 263 million yuan, a year-on-year decrease of 33.51%, and a net loss of 158 million yuan, a decrease of 4.22% [2] - The company’s traditional business includes flue gas purification and ash treatment systems, as well as hazardous waste disposal and resource utilization services [2]