新华财经北京11月18日电 日前，由中债信用增进投资股份有限公司提供增信支持的"天津泰达环保有限 公司2025年度第一期绿色资产支持票据（碳中和债）"顺利起息发行，各层级产品均获得市场投资人的 积极认购。 据悉，本期资产支持票据共设五档优先级别，涵盖1年至5年不同期限结构，发行票面利率分别为 1.97%、2.15%、2.30%、2.70%和2.97%。市场认购热情高涨，其中优先01档边际倍数达6.67倍，全场认 购倍数1.92倍；优先03档全场认购倍数更是达到3.15倍，反映出投资人对绿色低碳资产的高度认可与信 心。 编辑：王柘 公开资料显示，本期票据基础资产为天津泰达环保有限公司旗下垃圾焚烧发电项目。该公司长期致力于 固体废弃物资源化处理与绿色能源开发，实现垃圾年处理量数百万吨，显著替代传统化石能源，助力碳 减排与土地资源节约。 值得关注的是，中债信用增进公司为本期资产支持票据提供了专业信用增进服务，有效提升产品信用等 级，降低融资成本，保障项目高效落地。 ...

Macro Insights - The growth rate of general fiscal expenditure in October slowed down year-on-year, influenced by a high base effect, but the seasonally adjusted month-on-month growth continued to rise, indicating stronger growth in fiscal expenditure than the apparent rate [2][3] - The year-on-year growth rate of general fiscal expenditure (including general public budget and government funds) fell to -19.1% in October from 2.3% in September, while the adjusted month-on-month growth increased from 9.3% in September to 15.7% in October [2][3] Fixed Income Insights - In the second week of November, the real estate market showed a divergence between new and second-hand housing transactions, with new home sales slightly recovering but remaining low year-on-year, while second-hand home activity weakened [3] - Industrial freight volume remained strong, but production rates varied, with coking and blast furnace operating rates declining, while other sectors like oil refining and automotive remained stable [3] - The liquidity in the market was tight due to tax periods and the Double Eleven shopping festival, with the average DR007 and R007 rates rising to 1.49% and 1.50% respectively [4] REITs Analysis - The public REITs market experienced a downturn in the second half of the year due to high previous gains, stock market diversion, and rising interest rates, leading to a need for selective investment in quality assets [5] - Projects with stable fundamentals, such as rental housing and municipal environmental projects, are recommended for investment, while caution is advised for industrial parks and logistics warehouses [5] Power Equipment and New Energy - The Ministry of Industry and Information Technology issued guidelines to promote the healthy development of the wind power equipment industry, encouraging companies to enhance green and intelligent levels [6] - The report suggests focusing on companies like Goldwind Technology and Mingyang Smart Energy, which are expected to benefit from improved profitability in wind turbine manufacturing [6] Key Company Insights - GaoNeng Environment is positioned for a performance release period due to ongoing upgrades and capacity ramp-up in its metal resource recycling projects, contributing significantly to its revenue [7] - China Petroleum & Chemical Corporation (Sinopec) is expected to benefit from a recovery in the refining sector due to a global sulfur supply-demand imbalance, with a projected increase in sulfur consumption in 2024 [8][10]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000652 证券简称：泰达股份 公告编号：2025-114 天津泰达资源循环集团股份 有限公司关于公司控股子公司 泰达环保与亚历山大省、Nahdet Misr 签署备忘录的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 1.本次签订的备忘录是基于各方合作意愿的意向性约定，后续合作项目以未来实际发生金额为准，公司 将按照相关法律法规及《公司章程》规定，履行相应的决策程序和信息披露义务，具体实施内容和进度 尚存在不确定性。敬请广大投资者注意投资风险。 2.本备忘录不涉及具体金额，对公司2025年度及未来财务状况和经营成果的影响需视具体项目的推进和 实施情况而定。 3.公司最近三年披露的框架协议的进展情况详见"六、其他相关说明"。 一、协议签署概况 为拓展海外市场，天津泰达资源循环集团股份有限公司（以下简称"公司"）的控股子公司天津泰达环保 有限公司（以下简称"泰达环保"）与埃及亚历山大省、埃及Nahdet Misr for Modern Environmental Services（简 ...

Core Viewpoint - Comprehensive Environmental Group (00923.HK) announced a board meeting scheduled for November 27, 2025, to consider and potentially approve the release of the unaudited consolidated interim results for the six months ending September 30, 2025, and to consider the proposal for dividend distribution if applicable [1] Group 1 - The board meeting will take place on November 27, 2025 [1] - The meeting will focus on the unaudited consolidated interim results for the six months ending September 30, 2025 [1] - The company will also consider the proposal for dividend distribution during the meeting if deemed appropriate [1]

Group 1 - The core viewpoint of the news is the performance and market position of Huicheng Environmental Protection, which saw a stock price increase of 5.66% to 151.71 CNY per share, with a total market capitalization of 29.907 billion CNY [1] - Huicheng Environmental Protection specializes in providing waste catalyst treatment services for refining enterprises and has a diverse revenue stream, with hazardous waste treatment accounting for 62.93% of its main business income [1] - The company was established on February 27, 2006, and went public on May 22, 2019, indicating a relatively recent entry into the public market [1] Group 2 - According to data, Huicheng Environmental Protection is a significant holding in the Huaxia Growth Enterprise Mid-cap 200 ETF, which reduced its holdings by 7,500 shares in the third quarter, now holding 11,500 shares, representing 1.33% of the fund's net value [2] - The Huaxia Growth Enterprise Mid-cap 200 ETF has achieved a year-to-date return of 29.89% and ranks 1882 out of 4216 in its category [2] - The fund manager, Hualong, has a tenure of 3 years and 86 days, with the best fund return during this period being 111.52% [3]

Market Strategy - Market sentiment is recovering, with the lithium battery industry leading the gains [5][7] - The overall A-share market saw a rise of 1.33%, with the Shanghai Composite Index up by 0.73% and the ChiNext Index increasing by 2.55% [7][10] - The lithium battery supply chain has shown significant strength, driven by rising prices of VC electrolyte additives, which surged over 50% recently [9][10] Economic Indicators - As of the end of October, M2 money supply increased by 8.2% year-on-year, reaching 335.13 trillion yuan [15][16] - The total social financing scale increased by 30.9 trillion yuan in the first ten months of 2025, which is 3.83 trillion yuan more than the same period last year [17][20] - The People's Bank of China conducted a 190 billion yuan 7-day reverse repurchase operation, injecting liquidity into the market [21][22] Industry Dynamics - Infineon reported a revenue of 14.662 billion euros for the fiscal year 2025, with AI power business becoming a new growth engine [27][28] - Kioxia expects a comprehensive price increase for NAND products across all application markets, with Q4 revenue and profit projected to reach historical highs [29] - The seasoning industry is experiencing a shift, with basic categories stabilizing and health-oriented products accelerating, while traditional categories face pressure [31] Company Tracking - Semiconductor Manufacturing International Corporation (SMIC) reported a net profit increase of 41.1% year-on-year for the first three quarters of 2025, with a revenue of 49.51 billion yuan [32][33] - United Imaging Medical's subsidiary received a medical device registration certificate for its color Doppler ultrasound diagnostic system, expanding its product offerings [34][35]

Core Viewpoint - Dongjiang Environmental (00895) has announced the issuance of its first medium-term note for 2024, with a total issuance amount of 500 million yuan and an interest rate of 2.77% [1] Group 1 - The bond, referred to as 24 Dongjiang Environmental MTN001, is set to pay interest on November 20, 2025, with the payment date adjusted for public holidays [1] - The total issuance amount for this bond is 500 million yuan [1] - The interest rate for this bond during the current interest period is 2.77% [1]

Core Viewpoint - Dongjiang Environmental (002672)(00895) announced the issuance of its first medium-term note for 2024, with a total issuance amount of 500 million yuan and an interest rate of 2.77% [1] Group 1 - The bond, referred to as 24 Dongjiang Environmental MTN001, is set to pay interest on November 20, 2025, with the payment date adjusted for public holidays [1] - The total issuance amount of the bond is 500 million yuan [1] - The interest rate for this bond is fixed at 2.77% for the current interest period [1]

Core Insights - Handan Hongcong Electric Technology Co., Ltd. has recently been established with a registered capital of 2 million RMB, indicating a focus on the electric technology sector [1] Company Overview - The company is represented by Du Yajuan and operates in various fields including technology services, sales of electrical equipment, and environmental protection services [1] - The business scope includes technical services, consulting, sales of electric cables, charging stations, photovoltaic equipment, and various environmental management services [1] Business Activities - The company engages in both general and licensed projects, covering a wide range of activities from technical development to the sale of non-hazardous chemical products [1] - Specific services include electrical installation, maintenance, and testing of power facilities, which require governmental approval to operate [1]

Core Viewpoint - The company, 汇舸环保 (02613), announced the resignation of its auditor, 德勤关黄陈方会计师行, effective from November 7, 2025, due to a failure to reach an agreement on the audit fees for the financial statements for the fiscal year ending December 31, 2025 [1] Group 1 - The resignation of 德勤关黄陈方会计师行 as the company's auditor is attributed to disagreements over audit fees [1] - The board of directors has recommended the appointment of 范陈会计师行有限公司 as the new auditor following 德勤's resignation [1]