Core Insights - Tianjin is leveraging technological innovation as a core engine for high-quality development, with the local securities regulatory authority actively guiding capital market resources to support the growth of tech enterprises [1][2][10] Group 1: Capital Market Support for Tech Innovation - The Tianjin Securities Regulatory Bureau has facilitated the listing of 14 new companies in the past five years, with nearly 80% being tech firms, showcasing the increasing "tech content" in Tianjin's capital market [2][10] - The successful listing of Danna Biotech on the Beijing Stock Exchange marks a significant milestone as it becomes the first company in the in vitro diagnostics sector to be listed there, highlighting the supportive role of the capital market in fostering tech innovation [2][10] - The Tianjin Securities Regulatory Bureau is enhancing its regulatory services to help tech companies adapt to market and regulatory requirements, ensuring steady progress in the capital market [3][10] Group 2: Financing Tools and Mechanisms - Various financing tools in the capital market are acting as accelerators for companies in Tianjin to optimize resource allocation and shift towards tech innovation [4][10] - Aima Technology successfully issued 2 billion yuan in convertible bonds, which not only provided long-term funding but also established a positive cycle of financing, R&D, and commercialization [4][5] - The issuance of "tech innovation" and "green" bonds by Chuangye Environmental and other companies illustrates the effectiveness of capital markets in meeting tech innovation needs [7][8] Group 3: Private Equity and Venture Capital - Private equity funds are playing a crucial role as "patient capital" for early-stage and growth-stage tech companies, helping them overcome R&D bottlenecks [9][10] - Huyuan Biotechnology, a leader in the CAR-T field, has benefited from private equity funding, which has supported its clinical applications and industrialization processes [9][10] Group 4: Collaborative Ecosystem Development - The Tianjin Securities Regulatory Bureau is working with multiple departments to optimize the regulatory environment and enhance the development ecosystem for tech companies [11][10] - A comprehensive policy framework has been established to support high-quality development in the capital market, including measures for venture capital and mergers and acquisitions [11][10] - The establishment of service platforms and databases aims to facilitate the growth of listed companies and improve the overall investment climate in Tianjin [11][10]

海河潮涌，创新潮生。在天津全力建设社会主义现代化大都市的征程中，科技创新正成为驱动高质量发 展的核心引擎。近年来，天津证监局在中国证监会和天津市委、市政府的领导下，联动多方力量，引导 资本市场各类资源精准滴灌科创沃土，通过支持企业发行上市、上市公司并购重组再融资、创新品种债 券发行、私募基金投资等多元路径，推动一批科创企业在政策扶持、金融助力、技术攻关的多重驱动下 成长壮大，在产业链供应链关键环节实现突破，不断书写了资本市场支持科技金融的天津篇章。 资本市场是科技创新的重要助推器，而高效的监管服务则是打通资本与科创对接壁垒的关键抓手。天津 证监局积极协同各方主动作为、精准发力，以全链条支持帮扶举措为辖区科技型企业用好资本市场铺路 搭桥。近五年，天津14家新上市公司中近八成为科技型企业，高新技术、专精特新上市公司达49家，家 数和总市值占比分别近七成、近八成，这组数据充分展现了天津资本市场"含科量"底色的日益浓厚。 科创债券引活水 精准滴灌研发路 科技创新离不开长期稳定的资金支持，尤其在研发攻坚的长跑赛道上，低成本、长周期的资金保障至关 重要。科创债新政落地以来，天津证监局协同相关政府部门积极行动，支持科创债通 ...

证券日报网12月17日讯兴蓉环境在12月17日回答调研者提问时表示，公司立足水务环保主业，秉持"内 生增长和外延并购"并重的发展思路，持续推进供排净治一体化整合。大力拓展成都市及周边区域水务 环保资源，加强川内合作，深挖省外市场，发挥规模效应，创造增量业绩。积极推动产业链的延伸，重 点开拓再生水利用、餐厨垃圾处置、废弃油脂资源化、垃圾焚烧炉渣资源化利用等产业细分市场，积极 拓展直饮水、瓶装饮用水等业务领域，探索水务环保战略性新兴市场。着力发展"轻资产"业务，探索委 托运营、专业技术支持/咨询、给排水管网探测等。公司在投资标的的筛选方面保持审慎，会充分评估 项目盈利能力、收益质量、未来前景和风险控制等因素。未来，公司将紧扣国家和省市"十五五"规划， 进一步谋划中长期发展规划，全力服务成都市"工业强市""立园满园"等行动部署，积极把握政策和市场 机遇，不断深化战略布局，夯实主业基石，优化业务结构；聚焦主责主业，探索打造"第二增长曲线"， 进一步提升盈利能力和经营质效，创造新的竞争优势，以优秀的业绩表现带动价值成长。 （文章来源：证券日报） ...

证券代码：000598 证券简称：兴蓉环境 成都市兴蓉环境股份有限公司 | | 问题 5：关于公司未来资本开支及有关分红的考虑。 | | --- | --- | | | 答：近年来，公司因实施多个供排水、固废项目建设，资本开支 | | | 较大。待相关项目逐步建成投运，公司相应的资本开支下降，公 | | | 司的自由现金流将更为充裕。公司会在综合考虑企业经营发展资 | | | 金需求、公司盈利情况和现金流状况等因素的基础上，探索进一 | | | 步构建科学、稳定、可持续的利润分配机制，着力提升分红水平， | | | 切实增强投资者获得感。 | | 关于本次活动是 | | | 否涉及应披露重 | 否 | | 大信息的说明 | | | 附件清单（如有） | 无 | 未来前景和风险控制等因素。 未来，公司将紧扣国家和省市"十五五"规划，进一步谋划 中长期发展规划，全力服务成都市"工业强市""立园满园"等 行动部署，积极把握政策和市场机遇，不断深化战略布局，夯实 主业基石，优化业务结构；聚焦主责主业，探索打造"第二增长 曲线"，进一步提升盈利能力和经营质效，创造新的竞争优势， 以优秀的业绩表现带动价值成长。 问题 2 ...

| 投资者关系活动 | ★特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | ★现场参观 | | | □其他 | | 参与单位名称及 | 方德投资-田婉洲 | | 人员姓名 | | | 时间 2025 | 年 月 日 12 16 | | 地点 | 成都市兴蓉环境股份有限公司 | | 上市公司接待人 | 董事、董事会秘书 胡涵 | | 员姓名 | 证券事务部部长 梁一谷 | | | 一、主要交流内容： | | 问题 | 1：公司当前运营和在建的供排水及垃圾焚烧发电项目情况。 | | | 答：截至目前，公司运营及在建的供水项目规模约 430 万吨/日、 | | | 污水处理项目规模逾 万吨/日、垃圾焚烧发电项目规模为 480 | | 投资者关系活动 | 12,000 吨/日。 | | 主要内容介绍 问题 | 2：关于公司市场拓展情况。 | | | 答：公司立足水务环保主业，秉持"内生增长和外延并购"并重 | | | 的发展思路，持续推进供排净治一体化整合，大力拓展成都市及 | | | 周边区域水务环保资源，加强川内合 ...

证券代码：000598 证券简称：兴蓉环境 成都市兴蓉环境股份有限公司 2025 年 12 月 11 日投资者关系活动记录表 | 饮水、瓶装饮用水等领域；积极进入餐厨垃圾处置、废弃油脂资 | | --- | | 源化、垃圾焚烧炉渣资源化利用等产业细分市场；发展"轻资产" | | 业务，探索委托运营、专业技术支持/咨询、给排水管网探测等。 | | 公司在投资标的的筛选方面保持审慎，会充分评估项目盈利能力、 | | 收益质量、未来前景和风险控制等因素。 | | 未来，公司将紧扣国家和省市"十五五"规划，进一步谋划 | | 公司未来发展路径，全力服务成都市"工业强市""立园满园" | | 等行动部署，积极把握政策和市场机遇，不断深化战略布局，夯 | | 实主业基石，优化业务结构；聚焦主责主业，探索打造"第二增 | | 长曲线"，进一步提升盈利能力和经营质效，创造新的竞争优势， | | 以优秀的业绩表现带动价值成长。 | | 问题 3：关于公司供排水业务价格的调整机制。 | | 答：公司供水业务价格根据国家政策规定和相关特许权协议约定， | | 在满足相关调价原则的情况下可向政府价格行政主管部门提交水 | | 价调整 ...

济宁市领导到苏伊士集团走访 12月4日下午，济宁市委副书记、市长张海波赴苏伊士环境科技(北京)有限公司走访，与苏伊士集团首席执行官夏弘业就有关合作事项进行洽谈。 12月4日中午，中法企业家委员会第七次会议在北京人民大会堂召开。 受邀参加会议并签订战略合作协议 山东公用控股有限公司作为省内公用产业和绿色环保标杆企业，与世界500强、水务和固废龙头企业法国苏伊士集团共同参加会议。山东公用党委书记、 董事长邓刚与苏伊士集团首席执行官夏弘业代表双方正式签订了"水务环保—绿创未来"战略合作协议，双方将在"孔孟之乡，运河之都"济宁市，共同开启 城乡公用产业和环保固废领域绿色、低碳、智慧化、品质化发展新篇章，标志着中法两国优秀代表企业深度合作再上新台阶，必将促进双方资源共享、优 势互补、携手共进再结新硕果，推动济宁市公用环保产业向全球化、世界级标准迈出了关键一步。 签约项目是山东省首个中法共同实施的"城乡供排水一体化"项目，涉及供水规模42万m3/d、污水处理规模64万m3/d，将引入苏伊士集团世界领先的核心水 处理技术体系，以高效性、创新性和适应性为特点，为济宁市10个县市区的城乡供水、城镇污水处理、园区工业污水治理等项 ...

Core Insights - The company, Xingrong Environment, has been recognized for its governance practices and sustainable development, winning the "Best Board Practice Case" award from the China Listed Companies Association [1][3] - The company has also received the highest A rating for information disclosure for the 2024-2025 period, reflecting its commitment to governance and transparency [1] - The recognition highlights the company's ability to serve as a model for governance upgrades in the industry [3] Governance and Recognition - The award selection process involved rigorous evaluations across key dimensions such as board operations, information disclosure, investor relations, and ESG practices, with only about 4% of over 5,400 listed companies receiving the award [1] - The company has established a governance system that integrates party leadership and standardized operations, which is seen as a practical path for development in the environmental protection industry [7] - The board of directors is composed of professionals from diverse backgrounds, ensuring decision-making is both professional and independent [8] Business Performance and Growth - The company has shown steady growth in its core business, driven by supportive policies in the water and environmental protection sector, particularly during the "14th Five-Year Plan" period [4] - In the first three quarters of the year, the company achieved a revenue of 6.548 billion and a net profit of 1.764 billion, indicating strong operational performance [5] - The company is well-positioned for future growth, with significant projects underway and a focus on expanding its environmental service offerings [6] ESG and Market Engagement - The company actively engages in ESG practices, integrating these principles into its operations and governance, and has been recognized for its commitment to social responsibility [10] - It has established a comprehensive communication system with investors, conducting over 40 investor engagement activities since 2025 to enhance market confidence [9] - The company has consistently published social responsibility or ESG reports for 15 years, serving as a model for balancing economic benefits with social responsibility [10]

Group 1 - The company completed the issuance of 1 billion yuan in technology innovation perpetual bonds, achieving historical low interest rates for similar-rated bonds in Central China [1] - The bond issuance consists of two varieties: "Wukong KY03" with a scale of 500 million yuan and a coupon rate of 2.10%, and "Wukong KY04" with a scale of 500 million yuan, a term of 3+N years, and a coupon rate of 2.25% [1] - The funds raised will primarily be used to repay various interest-bearing debts and provide long-term stable funding for technology research and development, industrial upgrades, and capital operations [1] Group 2 - The company reported a revenue of 3.037 billion yuan for the first three quarters of the year, representing a year-on-year increase of 6.45% [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 60.979 million yuan, reflecting a year-on-year growth of 33.96% [1] - The company plans to acquire 100% equity of Wuhan Municipal Institute and invest in projects such as an AI digital center and low-altitude economy research, enhancing its water and environmental protection industry chain [2]

Group 1 - Wuhan Holdings successfully issued a technology innovation perpetual corporate bond with a total scale of 1 billion yuan, consisting of two bond varieties, achieving historical low interest rates for similar rated bonds in Central China [1] - The bond issuance received high subscription multiples, with "WuKong KY03" at 2.52 times and "WuKong KY04" at 2.08 times, indicating strong investor confidence in the company's operational strength and development prospects [1] - The funds raised will primarily be used to repay various interest-bearing debts and support long-term stable funding for technology research and development, industrial upgrades, and capital operations [1] Group 2 - Wuhan Holdings reported steady growth in operating performance, with a revenue of 3.037 billion yuan in the first three quarters, a year-on-year increase of 6.45%, and a net profit attributable to shareholders of 60.979 million yuan, up 33.96% year-on-year [2] - The company has strengthened its technological capabilities, with four subsidiaries recognized as high-tech enterprises and collaborations with institutions like Wuhan University of Technology to promote technology transfer [2] - In September, Wuhan Holdings announced an asset acquisition plan to acquire 100% equity of Wuhan Municipal Institute, aiming to enhance its water and environmental protection industry chain and develop a technology-driven growth model [2]