11月14日晚间，光大环境(00257.HK)发布公告，公司董事会批准可能进行发行人民币股份及将该等人民 币股份在深交所上市的初步建议。建议发行人民币股份需取决并受限于(其中包括)市场情况、股东于公 司股东大会的批准以及必要的监管批准。 根据公告，光大环境拟发行人民币股份数量不超过8亿股，募集资金净额初步拟用于公司发展主营业务 及补充一般营运资金，但以经相关监管机构同意的招股说明书的披露为准。 今年6月，中共中央办公厅、国务院办公厅印发的《关于深入推进深圳综合改革试点深化改革创新扩大 开放的意见》提出，允许在香港联合交易所上市的粤港澳大湾区企业，按照政策规定在深圳证券交易所 上市。光大环境正是该政策发布后，首家公告回归A股并拟登陆深交所的港股公司，如上市成功，则有 望打通深港两地资本市场双向上市通道。 光大环境是光大集团旗下实业企业，自2003年转型环境领域以来，已逐步成长为中国最大的环境企业和 全球最大垃圾发电投资运营商。公司聚焦固废、泛水、清洁能源三大领域，主营业务包括垃圾发电及协 同处理、生物质综合利用、危废及固废处置、新能源、环境修复、水环境综合治理等。光大环境还下辖 两家港股上市公司——中国光大水务 ...

Core Points - Styrkás hf. has signed an agreement to acquire all shares in Hreinsitækni ehf., HRT þjónustu ehf., and related companies, subject to approval from the Icelandic Competition Authority [1] - The Hreinsitækni group is a leading provider of environmental and infrastructure services in Iceland, with projected 2024 revenue of approximately ISK 5 billion and EBIT of around ISK 800 million [2] - The enterprise value of the Hreinsitækni group in the transaction is about ISK 9.7 billion, with a share purchase price of approximately ISK 7 billion, 25% of which will be paid in cash and 75% through new shares in Styrkás [2] - Post-transaction, shareholders of Hreinsitækni will own about 17.5% of Styrkás, and the combined company's equity value will be around ISK 30 billion [2] - The acquisition will establish a fourth business segment for Styrkás focused on environmental and industrial services, enhancing service offerings to heavy industry and municipalities [3] - Styrkás recorded revenue of ISK 47 billion, EBIT of ISK 1.9 billion, and profit after tax of ISK 1.3 billion in the first nine months of the year, leading to a projected annual revenue of nearly ISK 70 billion and profit after tax exceeding ISK 2 billion post-acquisition [3] - SKEL's ownership in Styrkás is expected to decrease to 37.7% after the transaction, with the value of SKEL's stake estimated at ISK 11.2 billion based on the agreed share price [4] - Styrkás shares are anticipated to be listed on the Nasdaq Iceland Main Market in 2027 according to a shareholders' agreement among the largest shareholders [4]

波普环境的机器人正在作业。 江华平在公司员工培训中，融入部队精神和红色教育内容。 在浙江波普环境服务有限公司的大楼里，一行标语尤为醒目——"没有克服不了的困难，没有完成 不了的任务，没有沟通不了的事情。"这句话，不仅是公司董事长江华平创业路上的座右铭，也是他四 年军旅生涯最深刻的烙印。 "部队教给我的，让我受益终身" 带着这些从部队学到的"宝藏"，江华平开始在环保领域大展拳脚——在管理上，江华平巧妙融合部 队文化与现代企业理念，提出"一体两翼"战略：以城市大管家为主体，以大数据和智能机器人为两翼， 强力推动传统环卫向智慧环保升级，在市场竞争的汹涌浪潮中带领波普乘风破浪，脱颖而出。在这一目 标的指引下，他稳步拓展商业版图，勇敢突破技术边界，成功创立了浙江波普资源循环公司。他坦诚说 道："部队赋予我强大的执行力，市场则教会我无尽的创新能力，我们既要坚守军人般的纪律性，又要 以开放的心态不断学习、热情拥抱变化，用深耕实干回报社会，践行民企担当。" "我对部队有感情，对战友有信任" "我对部队有感情，对战友有信任。"江华平说，在波普发展的过程中，退役军人的力量不可或缺。 为更好地凝聚这批"特殊战斗力"，波普在企业内部 ...

Core Insights - The visit of Estelle Brachlianoff, CEO of Veolia, to China aims to strengthen communication and collaboration with the Chinese government, clients, and partners [1][2] - The acquisition of Suez by Veolia is highlighted as a significant milestone, leading to positive changes in strategic alignment, technology integration, and financial performance [1] Group 1: Acquisition and Integration - Veolia's acquisition of Suez was completed in 2022, following a gradual purchase of shares starting in 2020 at a price of €20.50 per share [1] - The integration of Suez's global assets has resulted in enhanced technological capabilities and scale effects, contributing to strategic synergies and improved financial returns [1] Group 2: Market Focus and Future Plans - Despite the acquisition, Suez's major operations in China, particularly in water and solid waste management, have not been sold to Veolia [1] - Veolia is actively pursuing business development in China, aligning with the country's carbon reduction and green transition policies, while also enhancing partnerships with key local stakeholders [2]

Core Insights - Veolia has released its first ESG report for mainland China, highlighting its commitment to sustainable development and support for China's ecological transition and "dual carbon" goals [1][2] Group 1: ESG Report Overview - The ESG report covers environmental, social, and governance dimensions, showcasing Veolia's sustainable development achievements in China for 2024 [1] - The report aligns with Veolia's "GreenUp" strategic plan, which aims to invest €2 billion in decarbonization, pollution reduction, and resource recycling from 2024 to 2027 [1][2] Group 2: Carbon Emission Reduction - In 2024, Veolia is projected to avoid over 496,000 tons of carbon emissions in China [2] - Specific projects, such as the Harbin Southwest municipal heating project, utilize waste heat recovery technology to reduce carbon emissions by 84,000 tons annually [2] Group 3: Commitment to Local Market - Since entering the Chinese market in the 1990s, Veolia has invested in over 100 projects across approximately 50 cities in mainland China and Hong Kong, Macau, and Taiwan [2] - The company emphasizes that its ESG practices are integral to its business model, not merely an additional cost [2][3] Group 4: Future Directions - Veolia plans to leverage China's vast market for diversified practices and to promote innovative concepts both domestically and internationally [3] - The ESG report serves as a foundation for deeper dialogue with stakeholders and a new starting point for promoting sustainable development [3]

Core Viewpoint - The Fourth Yangtze River Delta Credit Forum emphasizes the importance of cross-regional credit services and the construction of new productive forces tailored to local conditions, aiming to enhance the credit foundation for high-quality development in the Yangtze River Delta and contribute to the establishment of a unified national market [1] Group 1: Forum Highlights - The forum gathered various stakeholders, including government, market, society, and research institutions, to explore collaborative paths for credit services and their supporting role in building new productive forces [1] - The forum aims to inject credit momentum into the high-quality development of the Yangtze River Delta and strengthen the social credit system at a national level [1] Group 2: Key Reports Released - The first "Research Report on China's All-Industry Credit Evaluation Model" was released, highlighting the transition from "industry spontaneous exploration" to "national unified promotion" in credit evaluation, recommending the establishment of a national standard framework for industry credit evaluation [5] - The first "Report on Cross-Regional Credit Cooperation and Collaborative Development" was also published, summarizing achievements in credit cooperation within the Yangtze River Delta and providing a roadmap for future collaborative development [5] Group 3: New Initiatives and Standards - The Long Yangtze River Delta Data Model Research Laboratory 3.0 was launched, enhancing service quality and expanding application scenarios to support credit construction and data application development in the region [6] - Five group standards for the credit service industry were officially released, covering areas such as cross-regional credit data sharing and credit evaluation indicators for new productive forces [6] Group 4: Talent Development - A "Credit Executive Club" was established to facilitate internal communication and service within the credit service industry, comprising professionals certified by the Shanghai Credit Service Industry Association [5] - The forum also awarded "2025 Credit Talent Qualification Certificates" to 154 practitioners across three levels, contributing to the talent pool for cross-regional credit collaboration and new productive force construction [8]

Core Viewpoint - Xiamen Zhongchuang Environmental Protection Technology Co., Ltd. is facing significant financial challenges, including declining revenue and continuous losses, which have raised market concerns [1][2][3]. Financial Performance - The company's operating revenue has decreased from 1,142.04 million yuan in 2021 to 466.01 million yuan in 2024, with 157.28 million yuan reported for the first half of 2025 [1]. - The net profit attributable to the parent company, excluding non-recurring gains and losses, has shown negative figures from 394.55 million yuan in 2021 to 16.83 million yuan in the first half of 2025 [1]. - The gross margin for non-ferrous metal materials has declined sharply from 9.27% in 2021 to -74.24% in 2024, with -37.54% reported for the first half of 2025 [1]. Cash Flow and Liabilities - The net cash flow from operating activities has decreased significantly, showing values of 51.24 million yuan in 2021, 42.04 million yuan in 2022, and negative figures in subsequent years, reaching -97.11 million yuan in the first half of 2025 [2]. - As of the end of the reporting period, total liabilities amounted to 724.97 million yuan, with a debt-to-asset ratio of 73.84% and cash holdings of 30.72 million yuan [2]. Customer and Supplier Dynamics - The company has experienced frequent changes among its top five customers, with some overlap between customers and suppliers [2]. Business Strategy and Measures - To improve performance, the company is focusing on the environmental services sector and implementing a "growth through internal and external means" strategy [3]. - The company plans to raise up to 50 million yuan through a targeted stock issuance to enhance liquidity and repay bank loans [3]. - Efforts are being made to integrate and upgrade business operations, improve cost control, and resolve litigation issues [3]. Market Conditions and Competition - The company attributes its performance decline to intense industry competition, with specific challenges in its non-ferrous metal materials and filtration materials businesses [2][3]. - Despite some signs of performance improvement, ongoing issues such as the suspension of production at Jiangxi Naihwa may impact future results [3].

Group 1 - The 2025 China International Service Trade Fair opened in Beijing on September 10, focusing on the theme "Digital Intelligence Leading, Service Trade Renewed" with six types of activities including global service trade summits, exhibitions, forums, and promotional events, featuring nearly 2,000 domestic and foreign enterprises [1] - The fair has shifted from "one conference, two venues" to "one conference, one venue," being held at Shougang Park for the first time, with a thematic exhibition and specialized exhibitions [2] - The environmental services section highlights three core areas: new energy and low-carbon energy services, ecological services and circular economy, and green low-carbon digital technologies and services [2] Group 2 - Major state-owned energy enterprises such as China National Petroleum Corporation, Sinopec, and China National Offshore Oil Corporation showcased their achievements in green low-carbon transformation and energy security at the specialized exhibition [2] - A "Zero Carbon Park" solution pavilion was presented by nearly 10 domestic and foreign enterprises, offering comprehensive technical support and evaluation services for industrial and non-industrial parks [2] - Companies like China Shipbuilding Group and Tianjin Chuangneng New Material Technology showcased innovative technologies for supporting the construction of green energy systems in "Zero Carbon Parks" [2]

Core Viewpoint - HYGIEIA GROUP reported a revenue of SGD 39.351 million for the six months ending June 30, 2025, representing a year-on-year increase of 6.4% [1] - The profit attributable to shareholders reached SGD 2.082 million, marking a significant year-on-year increase of 90.66% [1] - Earnings per share stood at 0.104 Singapore cents [1] Revenue Growth - The revenue growth was primarily driven by new large projects acquired in Singapore and organic growth in the environmental services business in Thailand [1]

Core Viewpoint - Hygieia Group (01650) reported a 6.4% year-on-year increase in revenue for the six months ending June 30, 2025, amounting to SGD 39.351 million, driven by new large projects in Singapore and organic growth in its environmental services business in Thailand [1] Financial Performance - Revenue reached SGD 39.351 million, reflecting a 6.4% increase compared to the previous year [1] - Profit attributable to owners of the company was SGD 2.082 million, showing a significant year-on-year increase of 90.66% [1] - Earnings per share stood at SGD 0.104 [1] Business Growth Drivers - Revenue growth was primarily attributed to newly acquired large projects in Singapore [1] - The company's environmental services business in Thailand contributed to organic growth [1]