Core Viewpoint - LianTai Environmental Protection reported a revenue of 1.039 billion yuan and a net profit of 180 million yuan for 2024, along with a cash dividend distribution plan of 51.8945 million yuan [1][2]. Financial Performance - In Q1 2025, LianTai Environmental Protection achieved a revenue of 257 million yuan and a net profit of 53.9042 million yuan [2]. - The company plans to achieve a revenue of 1.1 billion yuan for the full year of 2025 [4]. Operational Highlights - As of December 31, 2024, LianTai Environmental Protection has a total wastewater treatment capacity of 1.37 million tons per day, with 25 operational wastewater treatment plants and 165 decentralized treatment stations [2]. - The company has invested and constructed approximately 1,058 kilometers of sewage collection pipelines and 20 intermediate pumping stations, with 872 kilometers of pipelines and 17 pumping stations currently in operation [3]. Strategic Initiatives - LianTai Environmental Protection is focusing on expanding its light-asset entrusted operation business and has secured several new projects, including the Changde High-tech Zone wastewater treatment plant ecological filter operation project [3]. - The company aims to strengthen its brand position and develop a vertical value chain in environmental protection project investment, design, construction, and operation management, while also diversifying into related industries [4].

重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第一季度报告是否经审计 □是 R否 一、主要财务数据 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000544 证券简称：中原环保 公告编号：2025-26 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。 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 R否 注：1、营业收入变动的主要原因：公司PPP项目陆续进入运营期，建设期收入同比下降。 2、归属于上市公司股东的净利润变动的主要原因：公司营业收入同比减少；公司污水、污泥业务成本 有所增加。 （二） 非经常性损益项目和金额 R适用 □不适用 单位：元 其他符合非经常性损益定义的损益项目的具体情况 □适用 R不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行 ...

中原春风暖，税宣正当时。近日，郑州市税务局第二稽查局税宣团队以"守法合规经营是企业行稳致远 的'必修课'"为主题，走进中原环保股份有限公司问需解难题，共探上市企业高质量发展合规路径。 大象新闻记者 夏萍 对话环节，中原环保股份有限公司财务负责人谈到："这场'及时雨'下得准！今天的分享会契合我们上 市公司的现实需求，从税收合规角度为我们保驾护航，帮助企业精准把控风险要点及政策更新点，并对 公司内部税务合规提供了方向性指导。"第二稽查局负责人表示，"我们以第34个全国税收宣传月为契 机，以税务部门之"治"助推上市公司高质量发展之"势"，凝聚共识促发展，精研服务解难题，协同治理 筑共赢，是我们组织此次活动的初心。" 下一步，该局将深化"税务+执法"融合创新，坚持执法既不"越位"又不"缺位"，依法依规严厉打击各类 偷逃税违法行为，切实维护法治公平的市场秩序，助企精准防范风险，推进税务合规理念落地生根。 中原环保股份有限公司作为我省知名上市公司、国家高新技术企业，全国国企改革"双百企业"，业务涵 盖污水、污泥处理、再生水利用、生态治理等领域，是郑州市水污染防治行业名副其实的龙头企业。 分享环节，税务业务骨干带来两大硬核 ...

经济观察报记者蔡越坤 历经八个月时间，国中水务（600187）(600187.SH)对外宣布收购曾经的"国民级果汁"汇源果汁事项已 经终止。 4月23日早间，国中水务发布终止重大资产重组事项的公告。 公告表示，国中水务原计划以支付现金的方式向上海邕睿企业管理合伙企业(有限合伙)(下称"上海邕 睿")收购其持有的诸暨市文盛汇自有资金投资有限公司(下称"诸暨文盛汇")相关份额。该公司计划收购 完成后将累计持有诸暨文盛汇的股权比例不低于51%，从而成为诸暨文盛汇的控股股东及北京汇源食品 饮料有限公司(下称"汇源果汁")的间接控股股东。 对于终止重组原因，国中水务表示，截至公告披露日，交易标的股权仍处于冻结状态，存在限制转让的 情形。尚不符合《上市公司监管指引第9号——上市公司筹划和实施重大资产重组的监管要求》第四条 的有关规定。经该公司充分审慎研究及与交易对方友好协商，拟终止本次交易，待相关限制转让情形解 除后再行评估推进的可行性。 4月23日，相关知情人士告诉经济观察报，因交易标的股权受司法冻结，转让条件受限，公司经过多轮 尽调、评估及审慎研判后，选择终止本次交易。 "此次终止并非战略放缓，而是我们对当前市场环境 ...

Core Viewpoint - The company focuses on providing high-quality water environment services and aims to become a leading provider of advanced environmental technology products and solutions, leveraging over 30 years of technical accumulation and innovation spirit [3][4]. Company Overview - The company has established a technical product system based on six technology platforms, nine product lines, and 20 categories of innovative products, covering municipal, industrial water treatment, and solid waste disposal [3][4]. - The company has a national market layout and a deep understanding of customer needs, enabling quick responses [3]. Business Focus - The company is concentrating its business layout around four key scenarios in environmental governance: efficient treatment of urban sewage, integrated management of factories, networks, rivers, and lakes, low-carbon drying and incineration of sludge, and wastewater reuse in the steel and coal industries [4][5]. Major Business Areas 1. **Urban Sewage Treatment** - The company utilizes proprietary modular rapid installation technology to upgrade urban sewage treatment infrastructure, addressing traditional pain points such as low space efficiency and high operational energy consumption [5][6]. 2. **Integrated Management of Water Bodies** - The company has developed intelligent interception and storage systems to enhance the efficiency of pollutant collection and dynamic control, as well as modular treatment units to address overflow pollution [6][7]. 3. **Steel and Coal Wastewater Reuse** - The company has developed advanced technologies for treating steel and coal wastewater, significantly improving efficiency and reducing processing time [7][9]. 4. **Sludge Treatment** - The company has created low-temperature drying equipment for sludge, focusing on reducing energy consumption and carbon emissions while providing comprehensive waste treatment solutions [10]. Technological Innovations - The company has established a technology research and development system that includes various innovative products such as magnetic separation and low-carbon efficient nitrogen removal reactors [13][14]. Business Models - The company operates under several business models, including contract environmental services, design and technical consulting, EPC (Engineering, Procurement, and Construction), and investment operation models [16][18]. Financial Overview - The company has not needed to restate previous financial data, indicating stable financial performance [19].

全年业绩增长显著，污水处理量提升 4月22日，海峡环保（603817）发布2024年年报，公司实现营业总收入12.16亿元，同比增长15.35%；归 属净利润1.92亿元，同比增长32.86%；扣非净利润1.75亿元，同比增长33.00%。尽管全年表现亮眼，但 2025年一季度净利润同比下降14.73%，显示出公司在新一年初期的经营压力。 公司还通过引入先进处理技术及装备，有效解决了垃圾渗沥液浓缩液处置难题，实现了降本增效的目 标。这些技术成果的转化，不仅提升了公司的运营效率，也为公司未来的技术研发提供了新的方向。 一季度业绩下滑，现金流压力显现 尽管2024年全年业绩表现亮眼，但2025年一季度的数据却不容乐观。公司实现营业总收入2.79亿元，同 比增长8.20%；但归属净利润4524.49万元，同比下降14.73%；扣非净利润4009万元，同比下降18.57%。 此外，经营活动产生的现金流量净额为-4.8亿元，同比减少3.82亿元，显示出公司在现金流管理方面面 临较大压力。 总体来看，海峡环保在2024年取得了显著的经营成果，但2025年一季度的表现显示出公司在新一年初期 的经营压力。公司需要在技术创新、 ...

倍杰特（300774）公告，公司中标喀什地区喀什市城北供水保障能力提升工程及污水处理厂建设项目， 中标价格13.26亿元，特许经营期限30年。公司已与喀什市水利局签订《喀什地区喀什市城北供水保障 能力提升工程及污水处理厂建设项目投资合作协议》，合同金额与中标通知书一致。项目将由公司在喀 什市成立的项目公司负责投资、建设、运营。协议的签署符合公司主营业务发展及长远战略规划，对 2025年度经营业绩不构成重大影响。 ...

Group 1: Financial Performance - In 2024, the company reported total assets of 40.062 billion yuan and net assets of 10.727 billion yuan, with a total profit of 1.124 billion yuan, reflecting a year-on-year growth of 11.35% [1] - The company plans to enhance operational management and efficiency to achieve synchronized growth in revenue and profit [1] - The cumulative cash dividend from 2022 to 2024 is 0.575 billion yuan, accounting for 74.33% of the average net profit over the last three years [2] Group 2: Debt and Cash Flow - As of the end of 2024, the company's asset-liability ratio was 73.22%, showing a decrease from the beginning of the year [2] - The net cash flow from operating activities has shown continuous improvement compared to 2023 and 2022 [2] Group 3: Industry Outlook - The environmental protection industry is expected to grow steadily due to national policy guidance and increasing public awareness of environmental issues [2] - The industry is entering a new phase of resource recycling and green energy integration, driven by the "dual carbon" policy and rising environmental standards [2] Group 4: Project Updates - The first phase of the Nancao sewage treatment plant is under construction, with main processes completed and auxiliary systems being installed [3] - The Zhengzhou purification company's net profit for 2024 is projected to be 0.654 billion yuan, with a commitment to maintain stable growth [4] Group 5: Market Management - The company is focused on market value management and is actively researching relevant policies to enhance its investment value and improve investor returns [4]

Core Insights - The overall profit level of the company has significantly declined due to various factors, including poor performance of key equity investments and adverse market conditions [1] Financial Performance - Revenue decreased by 4.51% to 8.549 billion yuan from 8.953 billion yuan in the previous year [1] - Net profit plummeted by 92.34% to 58.585 million yuan from 765 million yuan year-on-year, indicating a severe warning for the company's development [1] Expense Analysis - Sales expenses increased by 20.51% to 140 million yuan from 116 million yuan, reflecting efforts to expand market presence, though this did not translate into revenue growth [2] - Management expenses slightly decreased by 2.10% to 479 million yuan from 489 million yuan, indicating some success in cost control [2] - Financial expenses dropped by 22.66% to 223 million yuan, attributed to effective financing arrangements [2] - R&D expenses decreased by 4.12% to 300 million yuan, maintaining a high level of investment at 4.01% of revenue, showcasing the company's commitment to innovation [2] Cash Flow Analysis - Operating cash flow turned negative at -238 million yuan, a decline of 171.78% from 331 million yuan, primarily due to collection pressures and delayed payments from local governments [3] - Investment cash flow showed a net outflow of -1.066 billion yuan, an improvement of 23.99% from -1.403 billion yuan, indicating ongoing investment activity [3] - Financing cash flow significantly improved to 1.043 billion yuan from -34 million yuan, a year-on-year increase of 3197.28%, providing substantial operational support [4] Business Segment Performance - Environmental solutions revenue fell by 23.44% to 4.242 billion yuan, while operational services grew by 9.70% to 2.988 billion yuan [5] - Light technology solutions revenue surged by 276.45% to 835 million yuan, and municipal and drainage engineering revenue increased by 3.90% to 485 million yuan, highlighting uneven growth across business segments [6] Competitive Advantage and Innovation - The company holds a leading position in the water treatment sector with proprietary technologies such as membrane bioreactors and reverse osmosis membranes [7] - In 2024, the company added 38 new patents and has 75 patents under application, focusing on various water treatment innovations [7] Market Challenges - Increased competition in the wastewater treatment industry due to market reforms and the entry of large state-owned enterprises poses a threat to the company's market position [8] - Rising accounts receivable and cash flow risks are evident as the company expands its business, particularly in EPC projects [9] - The competitive landscape in membrane technology necessitates continuous R&D investment to maintain technological leadership [10] Executive Compensation - The compensation for executives is linked to performance, with the chairman receiving 491,900 yuan, reflecting the company's approach to talent retention amid declining performance [11]

Overview of the Transaction - The transaction involves the acquisition of 100% equity of Zhengzhou Wastewater Purification Co., Ltd. by Zhongyuan Environmental Protection Co., Ltd. for a total consideration of 442,067.68 million yuan [2][3] - The transfer of ownership was completed on March 17, 2023, with the necessary business registration changes finalized [2] Performance Commitment and Compensation Arrangement - The performance commitments for the years 2023, 2024, and 2025 are set at net profits of 36,930.21 million yuan, 34,342.46 million yuan, and 37,827.42 million yuan respectively, after deducting non-recurring gains and losses [2][3] - A qualified accounting firm will audit the actual net profits against the committed amounts, and any shortfall will trigger compensation obligations from the performance commitment party [2][3] Compensation Mechanism - If the actual net profit falls short of the committed amount in any year, the compensation will be calculated based on a specific formula, ensuring that total compensation does not exceed the transaction amount [3][4] - Compensation will be paid in cash upon notification from the acquiring company [3][4] 2024 Performance Commitment Achievement - For the year 2024, the actual net profit achieved by the purification company was 65,439.99 million yuan, resulting in a performance commitment achievement rate of 190.55% [5] - The independent financial advisor confirmed that the performance commitments for 2024 have been met, and no compensation is required from the performance commitment party [5]