Core Viewpoint - Han Jian Heshan's acquisition of Qingqing Environmental Equipment Co., Ltd. has culminated in a zero-value transfer and debt waiver, marking a significant financial setback for the company after seven years of investment in the environmental sector [1][3][4]. Group 1: Transaction Details - Han Jian Heshan announced the transfer of 99.9% equity in Qingqing Environmental to Qingneng Environment for a price of 0 yuan, reflecting the negative asset status of Qingqing Environmental [1][3]. - The transaction is expected to generate approximately 24.5 million yuan in net profit for Han Jian Heshan, despite Qingqing Environmental being heavily indebted and listed as a dishonest executor [1][4]. Group 2: Financial Performance of Qingqing Environmental - As of August 31, 2025, Qingqing Environmental reported total assets of approximately 237 million yuan and total liabilities of 265 million yuan, resulting in a negative net asset of 28.43 million yuan and an asset-liability ratio of 112.01% [3][4]. - Qingqing Environmental's revenue for 2024 was 138 million yuan, a 35.83% increase year-on-year, but it still incurred a net loss of 156 million yuan [4]. Group 3: Implications for Han Jian Heshan - The company has agreed to waive 3.9 million yuan of debt owed by Qingqing Environmental, retaining 750,000 yuan as a receivable, which poses a risk of becoming a financial burden [3][6]. - The remaining receivable of 750,000 yuan represents 3.23% of Han Jian Heshan's audited net assets for 2024, raising concerns about the potential for non-recovery [6][8]. Group 4: Concerns Regarding the Buyer - Qingneng Environment, the acquiring company, has a registered capital of only 100,000 yuan and reported total assets of 493,300 yuan against total liabilities of 566,700 yuan, indicating a negative equity position [8]. - The financial performance of Qingneng Environment is concerning, with zero revenue reported for 2024 and only 344,100 yuan in revenue for the first three quarters of 2025, alongside a net loss of 31,900 yuan [8].

每经记者｜彭斐 每经编辑｜何小桃 陈星 七年前，韩建河山（SH603616，股价5.57元，市值21.80亿元）斥资3.2亿元高调跨界环保，彼时"三年净利1.2亿元"的豪言犹在耳畔；七年后，这场跨界并 购以"0元转让"和"债务豁免"的结局收场。 12月2日晚间，韩建河山发布公告，拟将持有的子公司秦皇岛市清青环保设备有限公司（以下简称清青环保）99.9%股权以0元价格转让给河北清能环境工 程有限公司（以下简称清能环境）。 对于转让价格，12月3日下午，韩建河山证券部门人士向《每日经济新闻》记者表示："根据评估，它（清青环保）是一个负资产，所以经过评估、协商最 终确定了交易价格。" 值得注意的是，此次"甩包袱"预计能为上市公司带来约2450万元的当期净利润，但标的公司已严重资不抵债且被列为失信被执行人，上市公司在豁免其 390余万元债务的同时，还形成了750万元的"被动财务资助"。 从高价并购到0元清仓 对于0元转让价格，12月3日下午，韩建河山证券部门人士向《每日经济新闻》记者表示："根据评估，它（清青环保）是一个负资产，所以经过评估、协 商最终确定了交易价格。" 《每日经济新闻》记者注意到，公告测算，本次股权 ...

Market Overview - On December 2, the environmental equipment sector declined by 0.16% compared to the previous trading day, with Henghe Co., Ltd. leading the decline [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Notable gainers in the environmental equipment sector included: - Bixing Wulian (688671) with a closing price of 25.21, up 8.99% [1] - Meiai Technology (688376) with a closing price of 46.00, up 5.14% [1] - Chuangyuan Technology (000551) with a closing price of 10.92, up 1.30% [1] - Major decliners included: - Henghe Co., Ltd. (920145) with a closing price of 22.56, down 5.25% [2] - Jiuwu Gaoke (300631) with a closing price of 29.20, down 3.25% [2] - Huahong Technology (002645) with a closing price of 14.45, down 3.09% [2] Capital Flow - The environmental equipment sector experienced a net outflow of 59.37 million yuan from institutional investors, while retail investors saw a net inflow of 55.72 million yuan [2] - The overall capital flow for key stocks in the sector showed: - Bixing Wulian (688671) had a net inflow of 10.93 million yuan from institutional investors [3] - Chuangyuan Technology (000551) had a net inflow of 6.07 million yuan from institutional investors [3] - Meiai Technology (688376) had a net inflow of 4.14 million yuan from institutional investors [3]

证券之星消息，12月1日环保设备板块较上一交易日上涨0.52%，雪迪龙领涨。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。环保设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002658 | 雪迪龙 | 8.67 | 3.58% | 32.07万 | 2.78亿 | | 300786 | 国林科技 | 16.76 | 3.08% | 11.00万 | · 1.83亿 | | 000967 | 盈峰环境 | 6.57 | 2.66% | 23.39万 | 1.53亿 | | 002645 | 华宏科技 | 14.91 | 1.71% | 17.16万 | 2.58亿 | | 300631 | 久吾高科 | 30.18 | 1.65% | 5.24万 | 1.57亿 | | 603324 | 盛剑科技 | 23.94 | 1.27% | 1.08万 | 2564.73万 | | 920145 | 恒合股份 | 23.81 ...

Core Viewpoint - The company, Jiarong Technology, has resumed trading and its stock price has hit a new high, increasing by 20.01% to 39.64 yuan, with a total market capitalization of 4.618 billion yuan. This surge follows the announcement of a plan to acquire 100% of Hangzhou Lanran's shares through a combination of issuing shares and cash payments, along with raising matching funds not exceeding 1 billion yuan [1]. Group 1: Acquisition Details - Jiarong Technology plans to acquire 100% of Hangzhou Lanran from 19 trading parties, including Xiamen Puyu and others, through a combination of share issuance and cash payments [1][2]. - The issuance of shares and cash payments is interdependent; if one fails to receive the necessary approvals, both will not proceed [1]. - The share issuance price for the acquisition is set at 21.16 yuan per share, while the fundraising for matching funds is based on a price of 26.78 yuan per share [2][3]. Group 2: Financial Implications - The funds raised from the share issuance will be used for cash payments related to the acquisition, intermediary fees, taxes, project construction, and working capital for the target company [3]. - The target company, Hangzhou Lanran, reported revenues of 324.25 million yuan, 304.65 million yuan, and 144.29 million yuan for the years 2023, 2024, and the first ten months of 2025, respectively, with net profits of 69.44 million yuan, 69.11 million yuan, and 12.56 million yuan for the same periods [6][7]. Group 3: Control Changes - Following the completion of the transaction, Xiamen Puyu is expected to become the controlling shareholder of Jiarong Technology, with Hu Dianjun anticipated to be the actual controller [2][5]. - The transaction is expected to result in a change of control for the company, although it will not constitute a restructuring listing as the total assets and revenues of the acquired company will not exceed 100% of Jiarong Technology's corresponding metrics [5][6]. Group 4: Business Overview - Jiarong Technology focuses on membrane separation technology, producing specialized membrane materials and equipment, and providing wastewater treatment and resource recycling solutions [5]. - The target company specializes in electrodialysis technology, producing ion exchange membranes and related equipment, contributing to a comprehensive technology matrix for Jiarong Technology [6].

Core Viewpoint - The company plans to acquire 100% of Hangzhou Lanran's shares through a combination of issuing shares and cash payments, while also raising up to 1 billion yuan in supporting funds [1] Group 1: Acquisition Details - The acquisition involves 19 counterparties, including Xiamen Puyu Investment Partnership and individuals Lou Yongtong and Qing Bo [1] - The total amount of supporting funds raised will not exceed 1 billion yuan, which is capped at 100% of the transaction price for the asset purchase through share issuance [1] Group 2: Target Company Overview - Hangzhou Lanran focuses on research and application of electrodialysis technology, primarily engaged in the R&D, production, sales, and technical services of ion exchange membranes and related equipment [1] - The company has established a comprehensive electrodialysis industry chain, covering membrane materials, ion exchange membranes, membrane components, electrodialysis equipment, control systems, and integrated electrodialysis application devices [1] Group 3: Strategic Implications - Post-acquisition, the listed company will enhance its capability to provide a combined process of "pressure-driven + electric-driven" membrane technology solutions to customers [1] - The company's stock will resume trading on December 1, 2025, following the application to the Shenzhen Stock Exchange [1]

Group 1 - The core viewpoint emphasizes the industrial economic growth in Louwang Town, driven by new industrialization actions and policy benefits, with total industrial sales reaching 1.45 billion yuan, a year-on-year increase of 22.8% [1] Group 2 - Jiangsu Yueshengya Electric Co., Ltd. is experiencing significant growth, achieving a sales revenue of 180 million yuan this year, with orders exceeding 50 million yuan and production plans extending to April 2026 [3] - Jiangsu Guangming Environmental Equipment Co., Ltd. has also seen stable growth, with sales surpassing 60 million yuan and ongoing projects in Indonesia and Russia [3] Group 3 - Louwang Town is implementing a "big visit to enterprises" initiative, providing one-on-one support in areas such as production coordination, technology upgrades, and funding connections, aiming for industrial sales to exceed 1.5 billion yuan [6] - The town has set ambitious goals for the year, including the completion of six signed projects and the listing of Sruida on the Beijing Stock Exchange by year-end [6] - The town is combining short-term goals with long-term development, focusing on attracting investments and integrating innovation with industry [6]

Core Insights - The environmental equipment sector experienced a slight increase of 0.25% on November 28, with Bixing Wulian leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Bixing Wulian (688671) closed at 22.98, with a rise of 3.10% and a trading volume of 8220.52 hands, amounting to a transaction value of 18.49 million [1] - Other notable performers included: - Yami Co., Ltd. (603282) at 20.11, up 2.81% [1] - Lihua Technology (300800) at 12.11, up 2.54% [1] - Longyuan Technology (300105) at 7.68, up 2.40% [1] - Yanpai Co., Ltd. (301081) at 11.25, up 2.27% [1] Capital Flow - The environmental equipment sector saw a net outflow of 96.02 million from institutional investors, while retail investors contributed a net inflow of 89.54 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Yingfeng Environment (000967) had a net inflow of 14.91 million from institutional investors, but a net outflow of 8.64 million from speculative funds [3] - Yanpai Co., Ltd. (301081) experienced a net inflow of 3.74 million from institutional investors, while speculative funds saw a net outflow of 4.65 million [3] - Yami Co., Ltd. (603282) had a net inflow of 1.34 million from institutional investors, with a slight outflow from speculative funds [3]

Core Insights - The environmental equipment sector saw a 0.4% increase on November 27, with *ST Jieneng leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Environmental Equipment Sector Performance - *ST Jieneng (000820) closed at 3.48, up 3.88% with a trading volume of 171,000 shares and a turnover of 57.64 million yuan [1] - Other notable performers included: - Chuhuan Technology (001336) at 25.50, up 2.49% [1] - Meike Technology (688376) at 44.43, up 2.37% [1] - Yanpai Co., Ltd. (301081) at 11.00, up 1.66% [1] - Hengying Environmental (688309) at 23.63, up 1.63% [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 15.05 million yuan from institutional investors and 28.43 million yuan from retail investors, while retail investors saw a net inflow of 43.47 million yuan [2] - Specific stock capital flows included: - Longjing Environmental (600388) with a net inflow of 10.96 million yuan from institutional investors [3] - Zhongcai Energy (603126) with a net inflow of 5.08 million yuan from institutional investors [3] - *ST Jieneng (000820) with a net inflow of 3.08 million yuan from institutional investors [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000967公告编号：2025-084号 盈峰环境科技集团股份有限公司 关于第三期员工持股计划实施进展公告 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。 盈峰环境科技集团股份有限公司（以下简称"公司"）于2025年11月12日召开第十届董事会第十四次临时 会议及2025年11月24日召开2025年第一次临时股东大会审议通过了《关于〈第三期员工持股计划（草案 修订稿）〉及其摘要的议案》等相关议案，本次员工持股计划拟通过二级市场购买（包含但不限于集中 竞价交易、大宗交易方式）等法律法规许可的方式取得并持有公司股票。具体内容详见公司于2025年11 月13日、2025年11月25日在公司指定信息披露媒体《证券时报》《证券日报》《中国证券报》《上海证 券报》和巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 特此公告。 盈峰环境科技集团股份有限公司 董 事 会 2025年11月27日 根据《关于上市公司实施员工持股计划试点的指导意见》及《深圳证券交易所上市公司自律监管指引第 1号一一主板上市 ...