我国偏远村镇多数人居分散，生活垃圾收运半径长、处理成本高，难以全部纳入集中处理网络。就地规 范处置生活垃圾成为不少偏远地区的迫切需求，因地制宜建设小型化分散式焚烧设施是补齐生活垃圾处 理短板的重要举措。针对当前小型化分散式焚烧设施存在的环境适应性不足、技术水平有限、污染防控 不到位、现有标准适用性不强等问题，亟须推广先进适用的技术装备，并加强全过程生态环境监管，规 范处置偏远村镇生活垃圾。 村镇生活垃圾焚烧处理现状 缺乏统筹规划，设施运行保障不足。村镇垃圾多以乡镇为单元分散处理，缺乏县域层面统筹规划和转运 体系配套，导致设施规模过小、布局零散，无法形成规模效应。规模受限又导致处理成本高，部分小型 化分散式焚烧设施处理成本达200元/吨—300元/吨，是大型焚烧厂的2倍—3倍，县级财政难以保障，资 金短缺成为常态。同时，资金投入不足也制约了专业运维能力的建设，现有设施多由当地农牧民兼职维 护，专业培训不足，加剧了设施运行的不稳定性。 优化运行管理的建议 建立适宜的运行模式，实现区域统筹保障。强化县域层面统筹规划，将设施布局与村镇垃圾产生量、收 运半径精准衔接，推动设施协同处理污泥、填埋场存量垃圾等固废，实现分散 ...

二、对公司的影响 本次投资扩建项目有利于进一步巩固并扩大公司在越南环保领域的业务规模及市场影响力。公司控股子 公司河内天禹运营的越南河内项目自2023年初投运以来，始终保持安全、稳定、高效运行，持续为当地 提供可靠的垃圾处理服务与绿色清洁电力，有效支持河内市环境治理与低碳转型目标。本次扩建投资可 充分发挥一期项目公用设施的最大效能，提升投资效率，是公司国际化发展战略的重要组成部分，有助 于深化公司在东南亚区域的业务布局，增强行业竞争力和品牌影响力，从而为公司长期可持续发展奠定 坚实基础，切实维护全体股东利益。 三、风险提示 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗 漏。 中国天楹股份有限公司（以下简称"公司"）控股子公司河内天禹环保能源股份公司（以下简称"河内天 禹"）近日收到越南社会主义共和国河内市人民委员会签发的《投资主张变更批文》（编号：775/Q?- UBND），决定批准河内天禹投资扩建河内市朔山垃圾发电厂项目第二期，扩建规模为1,600吨/天，现 将相关情况公告如下： 一、投资项目主要内容： 1、投资项目名称：越南河内朔山垃圾发电厂项目第二期（扩建） ...

以下是第一财经对一些重要公告的汇总，供投资者参考。 【品大事】 中国天楹：越南河内朔山垃圾发电厂项目第二期扩建获许可 中国天楹晚间公告，控股子公司河内天禹环保能源股份公司近日收到越南社会主义共和国河内市人民委员会签发的《投资主张变更批文》，批准河内天禹投 资扩建河内市朔山垃圾发电厂项目第二期，扩建规模为1600吨/天，发电容量为45MW。项目总投资额为58300亿越南盾（约220,000,000美元），其中公司全 资子公司Firion Investments SL和欧洲天楹有限公司出资11660亿越南盾（约44,000,000美元），其余为项目融资。 棕榈股份：被诉1.13亿元 棕榈股份晚间公告，公司及子公司梅州棕沅因建设工程施工合同纠纷被广东国沅建设工程有限公司起诉。涉案金额为1.13亿元，占公司最近一期（2024年 度）经审计净资产的6.83%。案件已被法院立案受理，公司尚未开庭审理。原告主张三笔工程尾款及逾期付款违约金，分别为4140.67万元、470.04万元、 604.78万元，违约金分别为4846.95万元、443.3万元、828.93万元。公司作为联合体牵头人及被告一股东，可能需承担补充赔偿责任 ...

中国天楹（000035）(000035.SZ)公告，公司控股子公司河内天禹环保能源股份公司(简称"河内天禹")近 日收到越南社会主义共和国河内市人民委员会签发的《投资主张变更批文》，决定批准河内天禹投资扩 建河内市朔山垃圾发电厂项目第二期，扩建规模为1600吨/天。 ...

格隆汇2月24日丨中国天楹(000035.SZ)公布，控股子公司河内天禹环保能源股份公司（简称"河内天 禹"）近日收到越南社会主义共和国河内市人民委员会签发的《投资主张变更批文》（编号：775/QĐ- UBND），决定批准河内天禹投资扩建河内市朔山垃圾发电厂项目第二期，扩建规模为1,600吨/天。 ...

Group 1 - The core viewpoint of the news is the introduction of the "Antitrust Guidelines for Public Utilities" by the State Administration for Market Regulation to strengthen antitrust measures in the public utility sector and ensure fair competition [1][2] - The guidelines focus on four types of antitrust risks: monopoly agreements, abuse of market dominance, operator concentration, and abuse of administrative power to exclude or restrict competition [1][2] - The guidelines provide specific behavioral boundaries based on the core provisions of the Anti-Monopoly Law of the People's Republic of China, identifying new types of monopoly risks in eight scenarios relevant to platform operators [1][3] Group 2 - The significance of the guidelines lies in addressing the frequent occurrence of monopolistic behaviors in the public utility sector, which includes essential services like water, electricity, gas, and public transportation [2] - The guidelines aim to enhance the scientific, targeted, and effective nature of antitrust enforcement, while also establishing a long-term regulatory mechanism for the public utility sector [2][3] - The guidelines consist of seven chapters and 50 articles, covering general principles, monopoly agreements, abuse of market dominance, operator concentration, fair competition review, legal responsibilities, and supplementary provisions [3] Group 3 - The guidelines emphasize a problem-oriented approach, focusing on monopolistic issues in the public utility sector and providing clear definitions and considerations for various monopolistic behaviors [3] - They take into account the specific operational models and competitive characteristics of the public utility sector, making targeted provisions for market definition, dominance recognition, and behavior assessment [3][4] - The guidelines encourage compliance construction among public utility operators, promoting the establishment of antitrust compliance management systems to identify and mitigate potential legal risks [8] Group 4 - The guidelines specify the criteria for defining relevant markets in the public utility sector, considering the public, regional, and policy characteristics of these services [4] - They outline the recognition of market dominance, focusing on the operators' control over physical networks or key infrastructure as a critical factor [4][5] - The guidelines detail the recognition of monopoly agreements and abuse of market dominance, particularly in industries like bottled liquefied gas and essential utilities [5][6] Group 5 - The guidelines address the defenses that operators may use, particularly in relation to public safety and supply guarantees, and specify conditions under which monopolistic agreements may be exempted [6][7] - They highlight the scrutiny of operator concentration, especially concerning the acquisition of control over physical networks or key infrastructure, to prevent the extension of monopolistic advantages [6][7] - The guidelines also detail the recognition of behaviors that abuse administrative power to exclude or restrict competition, providing clear standards for identification [7][10] Group 6 - The guidelines support the establishment of compliance management systems among public utility operators and encourage industry associations to promote self-regulation and compliance [8][9] - They emphasize the importance of social supervision, allowing any individual or organization to report suspected monopolistic behaviors, which will be investigated by antitrust enforcement agencies [9] - The guidelines outline measures for enhancing collaborative regulation, including pre-communication with industry authorities and post-incident credit penalties for violations [10][11]

Group 1: Stock Price Movement - Shareholders Yang Jianping and Xu Huifen plan to reduce their holdings by up to 9.9943 million shares, accounting for 3% of the company's total share capital, due to family asset planning, with the reduction period starting 15 trading days after the announcement and lasting for three months, which may exert short-term liquidity pressure [2] Group 2: Performance and Operational Situation - The company expects a net loss attributable to shareholders of 210 million to 300 million yuan for 2025, primarily due to the contraction of the waste incineration power generation industry, project execution delays, and declining gross margins, which may trigger further market reactions following the official annual report release [3] Group 3: Company Status - A creditor, Jiangsu Xinniu Cable Co., Ltd., has applied to the court for pre-restructuring due to debt default as of November 19, 2025, and as of January 9, 2026, the company has not updated the progress, leaving the acceptance by the court and subsequent restructuring outcomes uncertain, which could significantly impact the company's debt structure [4] Group 4: Financial Condition - The company's debt ratio is high, with a liability-to-asset ratio of 93.57% as of the end of September 2025; on January 8, 2026, it was announced that Beijing Bank demanded early repayment of loans and interest exceeding 35 million yuan, accounting for 14.59% of the company's most recent net assets, indicating that debt issues may exacerbate operational pressures [5]

公司状况 公司于2026年1月20日董事会审议通过以1.29亿元收购河南新密市通用新能90%股权，该项目设计日处 理垃圾1000吨，旨在强化区域协同。此外，股权激励计划设定了2026-2028年扣非归母净利润考核目标 (不低于7.11/7.42/7.73亿元)，叠加2025年供热量同比增长112%及财务费用下降17%，市场关注其长期业 绩兑现潜力。 以上内容基于公开资料整理，不构成投资建议。 经济观察网绿色动力（601330）环保(601330/01330.HK)近期关注事件：公司发行的"绿动转债"将于 2026年2月25日支付利息，票面利率1.50%。此外，公司以1.29亿元收购河南新密市通用新能90%股权， 并设定了2026-2028年股权激励的扣非归母净利润考核目标。 近期事件 截至2026年2月12日，绿色动力环保股票有以下即将发生的事件值得关注：公司发行的"绿动转债"(代码 113054)将于2026年2月25日支付自2025年2月25日至2026年2月24日期间的利息。本期票面利率为1.50% (含税)，即每张面值100元的可转债派发利息1.50元。这是该转债第四年付息，涉及尚未转债的余额约 23 ...

格隆汇2月12日丨首创环境(03989.HK)发布公告，2026年2月12日，(i)首创科技第一分公司(公司的附属 公司)(作为牵头单位)连同阿里云公司、南京福尔利公司、北建大、惠州广惠公司(公司的附属公司)及新 乡市首创公司(公司的附属公司)(作为参与单位)与首创环保集团(公司的控股股东)订立协议1，据此，集 团公司及非集团公司将共同参与首创环保集团委托的研发项目，涉及开发用于垃圾储存仓及垃圾起重机 的智能自动化平台，以及用于垃圾焚烧过程的AI赋能优化控制平台；及 (ii)协同创新科技公司(首创环保集团的联系人)(作为牵头单位)及首创环卫公司(公司的附属公司)(作为参 与单位)与首创环保集团订立协议2，据此，协同创新科技公司及首创环卫公司将共同参与首创环保集团 委托的研发项目，涉及无人驾驶清扫车应用验证及运用AI驱动策略优化作业。集团公司根据协议1将收 取的总代价应为人民币360.6万元。首创环卫公司根据协议2将收取的总代价应为人民币56万元。 ...

Core Viewpoint - The newly released "Antitrust Guidelines for Public Utilities" marks a significant step in China's antitrust legal framework, specifically targeting essential public services such as water, electricity, gas, heating, sewage treatment, waste management, and public transportation, aiming to enhance regulatory precision and support high-quality development [1] Group 1: Need for the Guidelines - Public utilities exhibit significant public, foundational, and network-dependent characteristics, with natural monopoly attributes primarily in infrastructure sectors [2] - Some public utility companies have misused their market power in natural monopoly sectors to extend monopolistic advantages into competitive areas, harming consumer rights [2] - Since the implementation of the Antitrust Law, 43 antitrust cases in the public utility sector have been investigated, highlighting both the accumulation of enforcement experience and existing challenges in the regulatory landscape [2] Group 2: Institutional Innovations - The Guidelines consist of seven chapters and 50 articles, emphasizing four major innovations: - A modern governance approach of "differentiated regulation and precise measures," focusing on distinguishing between natural monopoly and competitive sectors [4] - Clear analysis factors for identifying abuse of market dominance in public utilities, detailing specific behaviors and legitimate justifications [5] - Systematic regulation of fair competition reviews and the abuse of administrative power to eliminate competition [6] - A "flexible and multi-faceted" incentive and constraint mechanism encouraging companies to comply proactively [7] Group 3: Practical Significance - The implementation of the Guidelines will provide a professional and clear enforcement toolbox for regulatory agencies, enhancing case handling quality and efficiency [8] - For public utility operators, the Guidelines serve as an authoritative compliance guide, helping them identify risks associated with extending monopolistic advantages into competitive areas [8] - The Guidelines aim to enhance consumer welfare by regulating unfair pricing, refusal to deal, and other practices that harm public interests, ensuring better access to essential services [8] Group 4: Future Outlook - The release of the Guidelines signifies a solid step in China's antitrust legal system, with a mission to support high-quality development and common prosperity [9] - Strengthening antitrust enforcement in public utilities is crucial for building a unified national market, addressing hidden barriers that hinder free flow of resources [9] - Antitrust enforcement must adapt to emerging trends in digitalization, addressing potential new forms of monopolistic behavior in smart utilities and platform services [10]