Core Viewpoint - The company, Hong Cheng Environmental Technology, reported significant growth in revenue and profit for the six months ending June 30, 2025, driven by increasing demand for resource recycling and the national "dual carbon" goals [1] Financial Performance - Total revenue for the group was approximately RMB 133.6 million, representing a year-on-year increase of about 27.1% [1] - Profit attributable to the owners of the company was approximately RMB 36.4 million, reflecting a year-on-year increase of about 78.4% [1] - Basic earnings per share attributable to the owners were approximately RMB 0.036 [1] - Gross profit for the group was approximately RMB 79.1 million, showing a year-on-year increase of about 52.4% [1] - Overall gross margin increased from approximately 49.4% in the same period last year to about 59.2% [1] Industry Outlook - The circular economy industry is experiencing unprecedented development opportunities due to the growing global demand for resource recycling and the ongoing promotion of national "dual carbon" goals [1] - The company aims to seize this historic opportunity by focusing on sustainable development, accelerating technological innovation, business expansion, and green transformation to ensure steady progress and long-term development in the new era [1]

Core Points - The China Resource Environment Group's green low-carbon circular economy demonstration base has begun trial operations in Tianjin, marking a significant step in the establishment of a green low-carbon circular development economic system [1][3] - The demonstration base covers a total area of 266,000 square meters and a building area of 108,000 square meters, featuring industrial plants, a comprehensive office building, and a zero-carbon theme park [1] - The base aims to create a complete chain from green sorting to tiered utilization and recycling, focusing on strategic emerging industries such as the recycling of used batteries and retired photovoltaic components [1] Industry Insights - The demonstration base is positioned as a key project under the "central-local co-construction and integration of industry and city" initiative, highlighting the importance of collaboration between different levels of government and industry [1] - The base is expected to enhance green energy supply and leverage battery assets and scheduling platforms to provide smart energy services, thereby expanding circular application scenarios [3]

Core Viewpoint - The company reported strong growth in key metal resource recycling, power lithium battery recycling, and new energy battery materials business, achieving record high performance in the first half of 2025 [1] Financial Performance - The company achieved operating revenue of 17.561 billion yuan, representing a year-on-year increase of 1.28% [1] - The net profit attributable to shareholders of the listed company was 799 million yuan, reflecting a year-on-year growth of 13.91% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 709 million yuan, with a year-on-year increase of 0.92% [1] - Basic earnings per share were 0.16 yuan [1] Business Highlights - Key metal recycling showed significant growth, contributing to the overall performance [1] - The company achieved full production capacity of Indonesian nickel resources [1] - The high-end new energy materials market continued to see breakthroughs, further driving company growth [1]

Core Viewpoint - A new company named Hefei Huanshen Youjiu Resource Recycling Service Technology Co., Ltd. has been established, focusing on resource recycling and waste management services [1] Company Summary - The legal representative of the newly established company is Wang Jian [1] - The company's business scope includes research and development of resource recycling technology, consulting services for resource recycling, solid waste treatment, recycling of renewable resources, and biomass fuel processing [1] - The company is indirectly controlled by Shanying International (stock code: 600567) [1]

Core Viewpoint - The launch of the "Foundation Service" initiative for the resource recycling industry in Liaoning aims to establish it as a strategic pillar industry with distinct regional characteristics, promoting green and low-carbon industrial development [1] Group 1: Event Overview - The "Foundation Service" initiative was officially launched on August 27 in Shenyang, organized by the Provincial Department of Industry and Information Technology [1] - The Liaoning Resource Recycling Association was inaugurated during the event, signing agreements with various organizations including the China Circular Economy Association and Northeast University [1] Group 2: Strategic Goals - The initiative focuses on enhancing the resource recycling industry by building a solid foundation, creating platforms, aggregating resources, and strengthening services [1] - The provincial government aims to leverage the "dual carbon" goals, emphasizing the recycling of materials such as scrap steel, stainless steel, aluminum, copper, and used batteries [1] Group 3: Future Plans - The association will serve as a bridge for government-enterprise cooperation, an exchange platform for industry connections, a base for technological innovation, and a training center for talent development [1] - The full lifecycle management of the recycling industry will be implemented, covering the entire chain from waste generation to recycling, processing, and reuse [1]

Core Viewpoint - Greenmei Co., Ltd. has announced the approval of its H-share stock issuance and listing on the Hong Kong Stock Exchange, aiming to enhance its global development strategy and international brand image [1][5] Group 1: Company Strategy - The issuance and listing are intended to support the company's globalization efforts and improve its comprehensive competitiveness [1] - The company will consider the interests of existing shareholders and market conditions when determining the timing and window for the issuance [1] Group 2: Business Model and Operations - Greenmei operates under the dual business model of "urban mining + new energy materials manufacturing," focusing on recycling key mineral resources and electronic waste [5][6] - The company has established a comprehensive urban mining system, recovering over 10% of retired power batteries and 6% of scrapped vehicles in China [6] Group 3: Financial Performance - In 2024, Greenmei achieved a revenue of 33.2 billion yuan, an increase of 8.75% year-on-year, and a net profit of 1.02 billion yuan, up 9.19% [7][11] - The revenue from new energy battery materials and raw materials accounted for 77.59% of total revenue, while waste resource utilization contributed 22.41% [11] Group 4: Technological Innovations - The company has made significant advancements in battery recycling technology, achieving over 92% disassembly yield and 100% glue removal rate for CTP battery packs [8] - Greenmei has developed a closed-loop regeneration technology for lithium iron phosphate batteries, achieving over 95% recovery rates for lithium and over 90% for iron and phosphorus [8] Group 5: Market Position and Partnerships - Greenmei is recognized as a leader in urban mining and waste recycling, with partnerships including major global companies such as SAMSUNG SDI and CATL [6][12] - The company aims to leverage its innovations to strengthen its position in the global green development landscape [12]

Core Points - The company establishes an internal audit system to enhance internal audit work based on relevant laws and regulations [1][2] - The internal audit department is responsible for supervising financial and business activities across all departments and subsidiaries [1][2] - The internal audit department must maintain independence and not be under the leadership of the finance department [2] Internal Audit Structure - The company has an audit department that reports directly to the board of directors and the audit committee [4] - The audit department must have at least three dedicated personnel with relevant professional knowledge [5] - The head of the internal audit department is appointed by the board of directors based on the audit committee's nomination [5] Responsibilities and Authority - The audit committee oversees the internal audit department's work, including reviewing annual audit plans and reporting significant issues to the board [9][10] - The internal audit department is responsible for evaluating the effectiveness of internal controls and compliance with laws and regulations [10][11] - The internal audit department must report quarterly to the board or audit committee on audit plans and findings [4][10] Audit Implementation Measures - The internal audit department conducts audits on significant external investments, asset purchases, and guarantees, focusing on compliance with approval procedures [21][22][23] - The department must also audit the use of raised funds, ensuring they are managed according to regulations and not misappropriated [25] - Audits of financial reports and information disclosures are required to ensure compliance with accounting standards and internal controls [26][27] Internal Control Evaluation - The internal audit department is responsible for evaluating the effectiveness of internal controls related to financial reporting and information disclosure [28][29] - The company must disclose internal control evaluation reports alongside annual reports, ensuring transparency [30][31] - Any significant deficiencies or risks identified must be reported to the audit committee and disclosed to the stock exchange [7][30] Supervision and Management - The company establishes a mechanism for evaluating the performance of internal audit personnel, rewarding those who perform well and penalizing misconduct [32][33] - Violations of internal audit regulations may result in corrective actions or penalties [34] - The internal audit system is subject to revisions based on changes in laws or company regulations [35][36]

格林美股份有限公司 第一章 总则 第五条 如存在下列情形，在改选出的董事就任前，原董事仍应当依照法律、 行政法规、部门规章和《公司章程》的规定，继续履行董事职责，相关法规另有 规定的除外： （一）董事任期届满未及时改选，或者董事在任期内辞任导致董事会成员 低于法定最低人数； （二）审计委员会成员辞任导致审计委员会成员低于法定最低人数，或者 欠缺会计专业人士； （三）独立董事辞任导致上市公司董事会或者其专门委员会中独立董事所 占比例不符合法律法规或者《公司章程》规定，或者独立董事中欠缺会计专业人 士。 第六条 董事提出辞职的，公司应当在60日内完成补选，确保董事会及其专 门委员会的构成符合法律、行政法规和《公司章程》的规定。 第一条 为规范格林美股份有限公司（以下简称"公司"）董事和高级管理 人员的离职管理，根据《中华人民共和国公司法》（以下简称"《公司法》"）《 中华人民共和国证券法》《深圳证券交易所股票上市规则》《深圳证券交易所上 市公司自律监管指引第1号——主板上市公司规范运作》等有关法律法规及《格 林美股份有限公司章程》（以下简称"《公司章程》"）的规定，制定本制度。 第二条 本制度适用于公司董事（含独 ...

Core Points - The document outlines the regulations and responsibilities for annual report information disclosure within the company, aiming to enhance the quality, transparency, and accountability of financial reporting [1][2] - It establishes the criteria for identifying significant errors in annual report disclosures and the procedures for addressing such errors [2][6] - The document emphasizes the importance of compliance with relevant laws and regulations, including the Securities Law and accounting standards [1][2] Group 1: General Principles - The company aims to improve the standard of operation and accountability for annual report disclosures, ensuring the authenticity, accuracy, completeness, and timeliness of financial reports [1] - Relevant personnel must strictly adhere to accounting standards and internal control systems to ensure accurate financial reporting [1][2] Group 2: Responsibility for Disclosure Errors - Directors and senior management are held accountable for significant errors in annual report disclosures, which include major accounting errors and discrepancies in performance forecasts [2][4] - The document specifies that significant errors include violations of accounting laws, major omissions, and discrepancies in performance forecasts [2][4] Group 3: Identification and Handling of Accounting Errors - Significant accounting errors are defined as those that could influence users' judgments regarding the company's financial status [3][4] - The criteria for identifying significant accounting errors include thresholds based on total assets, net assets, revenue, and net profit [4][5] Group 4: Procedures for Correcting Errors - If significant errors are identified, the company must engage a qualified accounting firm to audit the corrected financial statements [6][7] - The internal audit department is responsible for investigating the causes of errors and proposing corrective measures [9][10] Group 5: Accountability and Penalties - The company is required to pursue accountability for individuals responsible for significant disclosure errors, including senior management [16][17] - Penalties for responsible parties may include warnings, demotions, or termination of employment, depending on the severity of the error [20][21]

Core Points - The article outlines the establishment of a comprehensive investor relations management system for Greenme Co., Ltd. to enhance communication with investors and protect their rights [1][2] - The management of investor relations aims to foster a positive relationship between the company and its investors, ensuring transparency and compliance with relevant laws and regulations [2][3] Summary by Sections Investor Relations Management Objectives - The primary goals include promoting understanding between the company and investors, establishing a stable investor base, and enhancing corporate governance [2][3] - The management should ensure compliance with laws and regulations while treating all investors equally, especially small and medium-sized investors [2][3] Principles of Investor Relations Management - Key principles include compliance, equality, proactivity, honesty, and interactive communication [3][4] - The company is committed to maintaining a transparent and responsible approach in all investor relations activities [3][4] Communication Content - Communication with investors will cover the company's development strategy, legal disclosures, operational information, and significant corporate events [3][4] - The company will also address environmental, social, and governance (ESG) information as part of its communication strategy [3][4] Communication Channels and Methods - The company will utilize multiple channels such as its official website, social media, and direct communication methods to engage with investors [4][5] - Various formats for communication will be employed, including reports, meetings, and online platforms to facilitate investor participation [4][5] Responsibilities and Training - The board secretary will oversee investor relations management, ensuring that all personnel involved are adequately trained and informed [5][6] - The company will maintain a database of investor relations activities, documenting interactions and feedback for continuous improvement [5][6] Investor Meetings and Disclosures - The company is required to hold investor meetings to discuss financial performance and address investor inquiries, particularly after significant events [6][7] - All legally required disclosures must be made promptly and through designated channels to ensure compliance and transparency [6][7] Record Keeping and Compliance - The company will maintain detailed records of investor relations activities, including participant information and communication content, for a minimum of three years [10][11] - Any legal disclosures made during investor relations activities must be reported to the Shenzhen Stock Exchange immediately [10][11] Media and Publication - The company has designated specific media outlets for publishing announcements and disclosures to ensure broad visibility and compliance with regulations [11][12] - The investor relations management system will be revised as necessary to align with future legal and regulatory changes [11][12]