每经AI快讯，有投资者在投资者互动平台提问：星际荣耀双曲线三号火箭发射燃料是使用贵公司生产 的液氧甲烷吗？公司与星际荣耀有无合作关系？ 中科环保（301175.SZ）12月29日在投资者互动平台表示，星际荣耀双曲线三号火箭发射所使用的液氧 甲烷不是由本公司供应的。在公司业务层面，2025年上半年，中科环保控股公司绵阳中科与四川星际荣 耀航天动力有限责任公司达成合作意向，并签署了《合作框架协议》。根据协议约定，绵阳中科将为星 际荣耀提供绿色甲烷、绿色电能、绿色热能、中水以及除盐水等清洁能源，为星际荣耀的航天动力生产 提供全链条的低碳化支持。此次合作成功为公司的绿色能源综合利用开辟了商业航天领域的应用落地场 景，为公司稳步推进"双碳"战略、拓展绿色能源在高端制造领域的示范应用筑牢了基础。 （文章来源：每日经济新闻） ...

2025年以来，创业环保坚持以"三新""三量"为抓手，"战略引领、深化改革、经营创效、科技赋能、风 险防控"等工作取得显著成效，公司运行稳中向好。 数据显示，2025年1-9月，创业环保实现营业收入34.47亿元，同比上升1.70%；净利润7.02亿元，同比上 升3.59%；扣非净利5.98亿元；经营现金流净额为5.21亿元。其中，第三季度贡献营收12.69亿元，较上 年同期增长8.36%；净利润2.95亿元，同比增长2.22%；扣非净利2.01亿元。（全景网） 11月20日下午，创业环保（600874.SH）2025年第三季度业绩说明会在全景路演成功举办。创业环保代 总经理张健、创业环保总会计师聂艳红、创业环保董事会秘书齐丽品、创业环保 董事王永威、创业环 保董事安品东、创业环保独立董事薛涛出席本次说明会。 交流会上，问及业务拓展以及新规的应对，创业环保董事安品东表示，在新规下，公司的全国发展布局 并未止步，公司目前正在进行十五五战略规划，通过深入研究行业政策，加大对宏观经济、产业应对、 地域特性等方面的分析力度，公司未来将聚焦优势区域，实施"一个项目一座城"，构建"一重一轻一产 业"的业务结构。 据介绍， ...

Core Points - The article discusses the severe groundwater over-extraction issue in Hengshui City, Hebei Province, where agricultural water usage accounts for 77% of total water consumption [1] - A significant turnaround has been achieved in groundwater management, with the area of severely over-extracted deep groundwater in Hengshui being completely eliminated, and groundwater levels expected to rise by 6.3 meters by the second half of 2024 [1] Group 1: Groundwater Management - Hengshui has implemented strict management measures by designating areas as either no-extraction zones or limited-extraction zones to control groundwater usage [4] - The city has established a hierarchical management mechanism where local government officials are responsible for monitoring groundwater extraction [4][5] - The introduction of technology, such as card-operated water extraction systems, has led to more efficient water usage and cost management for farmers [4][10] Group 2: Surface Water Supplementation - Hengshui has initiated ecological water replenishment projects, including the introduction of 15 to 20 million cubic meters of water from the Yellow River to maintain water levels in Hengshui Lake [6] - Since 2014, a total of 820 million cubic meters of external water has been supplied to Hengshui Lake through various channels [6] - The city has improved its irrigation infrastructure, increasing the area irrigated by surface water to 4.45 million acres in 2023, with plans to expand to 5.145 million acres in 2024 [8] Group 3: Water Conservation Initiatives - The city has adopted advanced irrigation technologies, such as smart micro-drip irrigation systems, which have reduced water usage by 50% and lowered costs for farmers [10] - A comprehensive water-saving management system has been established, including the implementation of a contract water-saving management model [12] - By 2024, Hengshui aims to reduce water consumption per unit of GDP by 18.5% compared to 2020 levels, and water usage per unit of industrial added value by 45.9% [13]

Group 1: Company Overview - The company is a leading comprehensive water and environmental service provider in China, with a complete industry chain including investment, research and development, design, construction, and operation [2]. - Current operational and construction capacities include: - Water supply projects: approximately 4.3 million tons/day - Wastewater treatment projects: over 4.8 million tons/day - Reclaimed water utilization projects: approximately 1.3 million tons/day - Waste incineration power generation: 12,000 tons/day - Leachate treatment: 8,430 tons/day - Sludge disposal: 3,116 tons/day - Kitchen waste disposal: 1,950 tons/day [3]. Group 2: Pricing Mechanisms - Water pricing adjustments are submitted to government price authorities based on national policies and agreements, requiring cost audits and public hearings [5]. - Wastewater treatment service fees are adjusted every 2 to 3 years, with a current tentative average price of 2.63 RMB/ton for the 2024-2026 period in Chengdu [6]. Group 3: Project Developments - The Chengdu Wanxing Environmental Power Plant (Phase III) is under construction, with a waste processing capacity of 5,100 tons/day, sludge processing of 800 tons/day, and kitchen waste processing of 800 tons/day, expected to be operational by 2026 [7]. Group 4: Accounts Receivable Management - As of the end of 2024, accounts receivable amounted to approximately 4 billion RMB, with improvements in collection in some regions [8]. - The company emphasizes accounts receivable management and actively engages in collection efforts, integrating this into performance assessments. Group 5: Market Expansion Strategy - The company focuses on national expansion in the water and environmental service sector, particularly in the Chengdu market, while exploring resource integration and niche markets nationwide [8]. Group 6: Capital Expenditure and Dividends - Significant capital expenditures are expected due to multiple ongoing water supply and waste projects, with a gradual decrease anticipated as projects become operational in the next 1-2 years [8]. - The company is committed to increasing cash dividend ratios as major projects are completed and capacity is released [8].

Core Insights - Ordos City is characterized by severe water scarcity, with a per capita water resource of only 1,299 cubic meters, significantly lower than national and regional averages [1] - The city has implemented a "quality-based water supply, gradient treatment, and recycling" system to promote water conservation and efficient utilization [1] - As of December 2024, the groundwater level in Ordos has risen by 1.84 meters year-on-year, marking three consecutive years of increase [1] Water Resource Management - In November 2022, Ordos issued the "Four Waters and Four Determinations" plan to enforce water management principles [1] - The "Ordos City Water Resource Management Regulations" came into effect on January 1, 2024, providing legal support for standardized water resource management [1] - A water supply project utilizing the Yellow River's water indicators was launched on July 18, 2024, allowing for an annual intake of 28 million cubic meters [1] Industrial Water Conservation - The Zhongtian Hechuang Chemical Company has established a three-tiered water-saving management system, achieving significant water efficiency [2] - The company has a 3,000 cubic meters per hour deep processing facility for mine water, which replaces Yellow River water for production [2] - An investment of 150 million yuan in a high-salinity water salt production project reduces hazardous waste by 52,000 tons annually [2] Agricultural Water Efficiency - The Ordos region is promoting facility-based water-saving agriculture, with farmers exchanging irrigated land for greenhouses, significantly reducing water usage [6] - Each greenhouse can save over 1,500 cubic meters of irrigation water annually compared to traditional crops [6] - The implementation of small-flow drip irrigation technology has led to a 30% to 50% reduction in water usage while increasing crop yields by 15% [9] Urban Water Recycling - In the Kangbashi District, 80% of urban greening water comes from recycled water, with a daily processing capacity of 12,000 tons [11] - The district has laid 3,051.4 kilometers of recycled water pipelines, achieving an 83% irrigation rate for urban greening [12] - The annual savings from using recycled water for irrigation amount to 15.74 million cubic meters, reducing irrigation costs by 130 million yuan [12]