Core Points - The company announced a capital increase to its subsidiary Ningbo Yongde Environmental Development Co., Ltd. totaling 67,640,000 yuan to fund the acquisition of a 40% stake in Shaoxing Huaxin Environmental Technology Co., Ltd. [1] - The capital increase consists of 40,584,000 yuan from the company and 27,056,000 yuan from another shareholder, Ningbo Energy Group Co., Ltd. [1] - The capital increase has been fully received and the necessary business registration changes have been completed [1]

格隆汇11月10日丨*ST元成(603388.SH)公布，公司于2025年11月10日收到上海证券交易所下发的《关于 拟终止元成环境股份有限公司股票上市的事先告知书》（上证公函【2025】3874号）。本所将根据《股 票上市规则》第9.1.10条、第9.2.7条等规定，对你公司股票作出终止上市的决定。 ...

人民财讯11月10日电，*ST元成（603388）11月10日公告，公司收到上交所下发的《关于拟终止元成环 境股份有限公司股票上市的事先告知书》，截至2025年11月10日，公司股票已连续20个交易日的每日股 票收盘总市值均低于5亿元，根据相关规定，公司股票已经触及终止上市条件。上交所将对公司股票作 出终止上市的决定。 ...

Core Viewpoint - The company, BWS, has experienced a slight increase in accounts receivable due to new orders, which is considered a normal part of its operations [2] Group 1: Accounts Receivable Management - The company is addressing accounts receivable issues through a combination of internal and external strategies [2] - There is a strong emphasis on the collection of accounts receivable and other receivables, with measures including assessments and rewards/punishments implemented [2] - A dedicated team has been established to focus on the collection of long-aged accounts receivable [2] Group 2: Debt Management Initiatives - The company is actively participating in local government debt resolution plans, with some projects having been successfully implemented in the past two years [2] - The company is working to secure further debt resolution plans in the upcoming stages [2]

Core Viewpoint - The company has successfully completed its share repurchase plan by November 7, 2025, with a total of 9.9492 million shares repurchased, representing 2.29% of the total share capital [1] Summary by Relevant Sections Share Repurchase - From December 4, 2024, to November 7, 2025, the company repurchased a total of 9.9492 million shares at a maximum price of 20.20 yuan per share and a minimum price of 14.00 yuan per share, with a total transaction amount of 160 million yuan [1] Impact on Company - The share repurchase is not expected to have a significant impact on the company [1] Shareholding Increase - The controlling shareholder, Meixin Da Group, increased its stake in the company by acquiring 5.7244 million shares from March 13, 2025, to August 15, 2025, which accounted for 1.32% of the total share capital at that time, with a transaction amount of 100 million yuan [1]

Core Viewpoint - The company, BWS (碧水源), confirmed compliance with accounting standards and information disclosure rules, stating that there are no significant financial information that should have been disclosed but was not [1] Group 1 - The company has publicly disclosed the entire process regarding the change of its actual controller [1]

Core Viewpoint - The company emphasizes its commitment to core business operations and improving operational efficiency and profitability while adhering to its "12256" strategy [1] Group 1 - The company is focused on enhancing corporate governance and operational standards to ensure sustainable development and protect investor rights [1] - The company has increased its dividend payout ratio in recent years to enhance shareholder returns [1] - The company aims to improve brand value through high-quality information disclosure and value transmission [1]

Core Viewpoint - Beijing Bihaiyuan Technology Co., Ltd. plans to reduce its stake in Bihang Wulian (688671.SH) due to funding needs, intending to sell up to 785,189 shares, representing 1% of the total share capital, between December 1, 2025, and February 28, 2026 [1][2]. Group 1 - The planned reduction in shares is through centralized bidding, with a maximum of 785,189 shares to be sold [2]. - As of the announcement date, Bihaiyuan holds 8,814,811 shares in Bihang Wulian, accounting for 11.23% of the total shares [2]. - The shares to be sold were acquired before the company's IPO and have been tradable since August 9, 2024 [2]. Group 2 - Bihang Wulian went public on August 9, 2023, issuing 19.63 million shares at a price of 36.12 yuan per share, currently trading below the IPO price [2]. - The total amount raised from the IPO was 709.0356 million yuan, with a net amount of 623.4436 million yuan after deducting issuance costs [3]. - The actual net fundraising exceeded the original target by 210.834 million yuan, which was initially set at 412.6096 million yuan for various projects [3].

Core Viewpoint - The stock of Yuanda Environmental Protection has reached a new high in trading volume since April 16, 2025, indicating strong market interest and performance [2] Group 1: Company Performance - As of 10:23, the trading volume for Yuanda Environmental Protection reached 1.062 billion RMB, marking a new high since April 16, 2025 [2] - The latest stock price increased by 6.82%, with a turnover rate of 7.49% [2] - The previous trading day recorded a total trading volume of 888 million RMB [2] Group 2: Company Background - Yuanda Environmental Protection Co., Ltd. was established on June 30, 1994, with a registered capital of 7,808.1689 million RMB [2]

Summary of Key Points Core Viewpoint - *ST Yuan Cheng (603388) is facing significant financial distress, with potential risks of forced delisting due to continuous low market capitalization and stock price below regulatory thresholds [3][4]. Trading Information - On November 7, 2025, *ST Yuan Cheng closed at 0.61 yuan, down 4.69%, with a turnover rate of 0.54% and a trading volume of 17,400 shares, amounting to a total transaction value of 1.064 million yuan [1]. - The net outflow of main funds was 665,200 yuan, accounting for 62.52% of the total transaction value, while retail investors saw a net inflow of 459,500 yuan, representing 43.19% of the total [1][4]. - A block trade occurred on November 7, with a transaction amount of 183,200 yuan [2][4]. Company Announcements - The total market capitalization of Yuan Cheng Environment Co., Ltd. was 199 million yuan as of November 7, 2025, having been below 500 million yuan for 19 consecutive trading days, which could lead to forced delisting if it continues [3][4]. - The stock price has been below 1 yuan for 10 consecutive trading days, which also risks triggering delisting standards [3][4]. - The company received a notice from the China Securities Regulatory Commission regarding administrative penalties due to false records in annual reports from 2020 to 2022, which may result in significant legal consequences and forced delisting [3][4]. - The net profit for the first half of 2025 was reported at -126.795 million yuan, indicating ongoing uncertainty in the company's ability to continue operations [3].