政策红利的精准落地，持续转化为发展动能，该企业逐步形成了"发电护生态、生态促发展"的良性循 环。截至2025年5月1日，大石门水利枢纽累计入库量49.1立方米，累计向下游输水48.6亿立方米，其中 生态供水量为20.9亿立方米；每年减排二氧化碳约23.5万吨、二氧化硫270吨，有力推动当地空气质量持 续改善，生态效益显著。 驭风化能，戈壁变身"绿电工厂" 近年来，在国家大力推动生态文明建设和绿色发展战略的背景下，新疆巴州税务部门积极响应号召，持 续加大对企业绿色发展的支持力度，因地制宜助力特色企业茁壮成长。 水润赋能，碧水铸就绿色篇章 巴州大石门水库发电有限责任公司成立于2021年4月，其核心资产大石门水利枢纽工程是国家172项重大 水利工程之一。工程位于巴州且末县境内，水库总库容1.27亿立方米，配套建设的水电站装机容量60兆 瓦，年设计发电量可达1.765亿千瓦时，是巴州重要的清洁能源供应基地。 该企业成立到项目筹备、推进期间，巴州税务部门深入企业，聚焦西部大开发税收优惠政策、水资源税 等提供全流程政策解读开展"滴灌式"辅导，确保政策红利"直达快享"。据统计，该企业近三年累计享受 企业所得税西部大开发优惠 ...

投资者关系活动记录表 编号：2025-002 | 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（电话会议） | | 参与单位名称及 | 太平基金：王嘉程 国联安基金：郑晓丹 | | 人员姓名 | 交银施罗德基金：庄彤芸 东北证券：薛进 | | | （排名不分先后） | | 时间 | 2025 年 07 月 09 日（星期三）下午 15:00-16:00 | | 地点 | 电话会议 | | 上市公司接待人 | 董事、总经理：宋永莲女士 | | 员姓名 | 董事、董事会秘书：江琼女士 | | | 董事、财务总监：王炜先生 投资者提问及回复如下： | | | 1、公司的污水处理业务毛利较高，主要优势在哪里？ | | | 答：公司有设计资质和能力，在项目投资前期可以从设计前 | | | 端对项目的工艺、设备、后续运营等进行一体化考虑，技术综合 | | | 性更好，运营效率也更高。在工业污水处理技术方面，公司掌握 | | 投资者关系活动 | 了高负荷水解酸化、高效多循环 AAO ...

Group 1 - The core viewpoint emphasizes the importance of ecological protection in the Yangtze River upstream region, advocating for a strategy of "coordinated protection without large-scale development" to safeguard water quality [1] - The city of Yibin has made significant progress in water management over the past three years, achieving a 100% excellent water quality rate at 22 national and provincial assessment sections and successfully restoring natural spawning grounds for the Yangtze sturgeon [2][6] - Yibin's urban sewage treatment capacity has improved, with daily sewage generation at approximately 300,000 cubic meters and treatment capacity exceeding 400,000 cubic meters, indicating a focus on enhancing both the quantity and quality of sewage treatment [3] Group 2 - The city has implemented a "factory-network integration" model for sewage treatment, consolidating operations under a single entity to improve efficiency and streamline processes [4] - Collaborative efforts among various departments have been established to address pollution sources effectively, with a focus on small river basin management, which is crucial for maintaining water quality in densely populated areas [5][6] - Over the past three years, Yibin has invested 14.25 billion yuan in small river basin governance, constructing or renovating 15 sewage treatment plants and 696 kilometers of sewage pipelines, resulting in a reduction of approximately 29 million tons of sewage discharge annually [6]

Core Viewpoint - The company, Xingrong Environment, is a leading comprehensive water and environmental service provider in China, focusing on investment, research, design, construction, and operation across various segments of the water and waste management industry [2][7]. Business Overview - The company's main business segments include water supply, wastewater treatment, water reuse, and environmental services, which encompass waste incineration power generation, leachate treatment, sludge disposal, and kitchen waste disposal [2]. Operational Projects - The company currently operates and has under construction water supply projects with a total capacity of approximately 4.3 million tons per day and wastewater treatment projects exceeding 4.8 million tons per day. Notable projects include the Chengdu Xiwayan Reclaimed Water Plant, which has commenced operations, and several others in the commissioning phase [3]. Waste-to-Energy Projects - The company is advancing the Chengdu Wanxing Environmental Power Plant (Phase III), which will handle 5,100 tons per day of municipal waste, 800 tons per day of sludge, and 800 tons per day of kitchen waste, with an expected operational date in 2026 [4]. Accounts Receivable Management - The company has seen an increase in accounts receivable due to market expansion and business growth, and it places significant emphasis on managing and collecting these receivables [5]. Pricing Mechanism - The pricing for wastewater treatment services is determined by agreements with government entities, typically adjusted every 2 to 3 years. A recent approval set the tentative average price for wastewater treatment in Chengdu's central urban area at 2.63 yuan per ton for the 2024-2026 period [6]. Capital Expenditure and Dividends - The company has experienced substantial capital expenditures due to multiple ongoing water supply and waste projects, with expectations of reduced expenditures as these projects come online. The company is committed to increasing cash dividends for shareholders as operational capacity expands [7]. Financial Performance - In the first quarter of 2025, the company reported a main revenue of 2.023 billion yuan, a year-on-year increase of 9.61%. The net profit attributable to shareholders was 508 million yuan, up 11.19% year-on-year, with a debt ratio of 58.99% and a gross margin of 46.02% [7]. Analyst Ratings - Over the past 90 days, six institutions have rated the stock, with four buy ratings and two hold ratings, and the average target price set at 7.36 yuan [8]. Earnings Forecast - Various institutions have provided earnings forecasts for the company, with projected net profits for 2025 ranging from 2.115 billion yuan to 2.331 billion yuan, and increasing in subsequent years [9].

证券研究报告·公司深度研究·环境治理 武汉天源（301127） 环保为源，能源、数字、装备打造新成长 2025 年 07 月 03 日 买入（首次） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 1,947 | 1,985 | 2,766 | 3,488 | 4,076 | | 同比（%） | 53.05 | 1.96 | 39.34 | 26.10 | 16.85 | | 归母净利润（百万元） | 282.73 | 333.24 | 500.20 | 608.81 | 749.05 | | 同比（%） | 39.91 | 17.87 | 50.10 | 21.71 | 23.04 | | EPS-最新摊薄（元/股） | 0.42 | 0.49 | 0.74 | 0.90 | 1.11 | | P/E（现价&最新摊薄） | 40.50 | 34.36 | 22.89 | 18.81 | 15.29 | [Table_Tag] ...

中央生态环境保护督察协调局6月27日消息，中央第五生态环境保护督察组督察宁夏回族自治区发现， 吴忠市城市生活污水收集管网建设管理差距明显，生活污水直排溢流黄河，污泥违规处置问题突出。 吴忠市地处宁夏中部，黄河穿城而过，生态地位重要，但城市环境基础设施建设管理比较薄弱。督察发 现，吴忠市城区雨污合流问题比较突出，截至2024年年底，城区现有的510公里排水管网中，有402公里 管网为雨污合流，但一直未按要求部署开展雨污分流改造。因雨污不分流、收集管网破损等原因，吴忠 市第一、第二污水处理厂雨季部分时段入厂污水量严重超负荷，2024年分别出现7次、8次污水从格栅间 溢流积存厂区情况，其中部分污水排入黄河。 督察组指出，吴忠市城市环境基础设施建设管理力度不够，有关职能部门城市生活污水收集管网建设管 理责任不落实、工作不到位，生活污水直排溢流，污泥违规处置问题突出。将进一步调查核实有关情 况，并按要求做好后续督察工作。 督察发现，吴忠市城区3家污水处理厂雨季部分时段生活污水直排溢流，2023年至2024年11个雨天共溢 流23次。吴忠市第一污水处理厂8次开启超越排放口闸阀，共计约120万立方米污水通过地下箱涵排入黄 ...

证券代码：002051 证券简称：中工国际 中工国际工程股份有限公司投资者关系活动记录表 编号：2025-005 投资者关系活动类别 □√ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他（电话交流会议） 参与单位名称 华福证券、东兴证券、华林证券、诚通证券、中邮证券、联储 证券、北京量化投资、北京盈领资本、进门财经 时间 2025 年 6 月 25 日 地点 中工国际会议室 上市公司接待人员姓 名 董事会秘书芮红、证券事务代表周辉 投资者关系活动主要 内容介绍 公司和投资者就经营情况等进行了交流。 本次投资者活动没有发生未公开重大信息泄密的情况。 附件清单（如有） 投资者关系活动记录 日期 2025 年 6 月 26 日 附件： 中工国际工程股份有限公司投资者关系活动记录 2025 年 6 月 25 日 问题1：公司今年经营情况如何？ 2 回答：2025年，公司开局良好。第一季度实现开门红，营业收入21.83亿 元，归属于上市公司股东的净利润1.31亿元，同比增长12.17%，经营活动现金 流净额同比大幅度改善；国际工程承包业务新签合同额6.99亿美元，同比 ...

中山公用事业集团股份有限公司 编号：信评委函字2025跟踪 1095 号 中山公用事业集团股份有限公司 声 明 ? 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次 评级行为独立、 客观、公正的关联关系。 ? 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚 信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实 性、完整性、准 确性不作任何保证。 ? 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、 公正的原则。 ? 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判 断，未受评级委托 方、评级对象和其他第三方的干预和影响。 ? 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国 际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品 的依据。 ? 中诚信国际不对任何投资者使用本报告所述的评级结果而出现的任何损失负责，亦不对评级委托 ...

Summary of Key Points Core Viewpoint The company, Haitan Water Group Co., Ltd., has approved a financing guarantee for its subsidiaries, amounting to a total of 2.31 billion yuan, to support their operational needs and expand financing channels [1][2]. Group 1: Guarantee Overview - The company will provide a financing guarantee not exceeding 2.31 billion yuan for its subsidiaries, including newly established or acquired ones [1]. - The guarantees include a total of 40 million yuan for four subsidiaries from the Bank of Communications and 10 million yuan from Chengdu Rural Commercial Bank [2]. Group 2: Subsidiary Information - The subsidiaries involved in the guarantee include: - Jianyang Tuojiang Environmental Biochemical Co., Ltd. with a registered capital of 32 million yuan [3]. - Ziyang Haitan Water Co., Ltd. with a registered capital of 100 million yuan [4]. - Lezhi Haitan Water Co., Ltd. with a registered capital of 14.45 million yuan [4]. - Ziyang Wastewater Treatment Co., Ltd. with a registered capital of 50 million yuan [6]. Group 3: Financial Status - As of December 31, 2024, the total external guarantee amount is 2.2475386 billion yuan, which accounts for 81.93% of the company's latest audited net assets [10]. - The financial performance of the subsidiaries includes: - Jianyang Tuojiang reported a net profit of 10.75 million yuan [5]. - Ziyang Wastewater Treatment reported a net loss of 4.42 million yuan [6]. Group 4: Guarantee Agreement Details - The guarantees provided are joint liability guarantees for the subsidiaries' financing, covering principal, interest, penalties, and costs related to debt recovery [7][9]. - The guarantee period is set for three years from the debt maturity date [8][10]. Group 5: Board Approval - The board of directors approved the guarantee proposal during a meeting held on December 19, 2024, ensuring that the guarantees align with the company's overall development strategy [10].

近日，港交所发布了最新沪股通证券名单调整公告，国中水务(600187.SH)于6月23日正式被纳入沪股通 标的名单。这一重要里程碑标志着国中水务的资本市场认可度与国际影响力迈上新台阶，为其构建多元 化业务版图，推进业务转型发展注入新动能。 对于国中水务而言，入选沪股通意味着将接受来自更多市场参与者，包括具有国际视野的投资者的审视 和监督。这将推动国中水务进一步提升公司治理水平，加强信息披露的质量和透明度，促进公司运营的 规范化和国际化，从而增强整体竞争力和抗风险能力。 多元布局驱动绿色增长新周期，国中水务借力沪股通再谱华章 站在新的历史起点，国中水务如何把握沪股通带来的机遇，实现战略升级和持续增长，成为了市场关注 的焦点。作为国内环保产业领军企业，国中水务专注于水资源管理和污水处理，凭借在环保产业的长期 投入，积累了丰富的的经验。公司始终秉持创新、协调、绿色、开放、共享的发展理念，积极响应国家 双碳战略目标，以科技创新为驱动，提升环保产业的整体竞争力。此外，为了顺应公司战略转型和实际 发展的需求，国中水务紧跟市场趋势，积极调整业务结构，不断向新能源、绿色品牌健康食品、环保新 材料、节能新工艺、智能产业等领域布 ...