Core Viewpoint - The Ministry of Ecology and Environment of China has released the fifth batch of the national public open unit list for environmental facilities and urban sewage and waste treatment facilities, marking the first new list in nearly five years since 2020. Everbright Environment has successfully included 18 environmental projects, showcasing the company's commitment to green industry practices and corporate responsibility in line with the "Two Mountains" concept [1][3]. Group 1: Company Initiatives - Everbright Environment's 18 selected projects serve as benchmarks for the company's "open and share" philosophy and demonstrate the integration of technology in environmental protection [1][3]. - The company has opened 226 projects to the public since the second half of 2018, receiving approximately 220,000 visitors over three years, making it the earliest and largest enterprise in China to open environmental facilities to the public [3]. Group 2: Project Highlights - The Suzhou waste-to-energy project features China's first ecological exhibition hall within a waste incineration power plant, promoting environmental education [1]. - The Ninghai waste-to-energy project collaborates with other enterprises to enhance local tourism and environmental education [2]. - The Dongping waste-to-energy project successfully co-fires local agricultural waste with municipal waste, demonstrating practical environmental solutions [2]. - The Jiujiang waste-to-energy project has established an environmental education base, integrating education, science popularization, and industrial tourism [2]. - The Binhai sewage treatment project has innovated public engagement activities in collaboration with local government [2]. - The Rugao biomass direct combustion project has become a model for sustainable development and education in the Nantong area [2]. Group 3: Project List - The list of projects included in the fifth batch of national public open units features: 1. Tianjin Xiqing waste-to-energy project 2. Hebei Zhangjiakou waste-to-energy project 3. Heilongjiang Harbin waste-to-energy project 4. Jiangsu Yixing waste-to-energy project 5. Jiangsu Suzhou waste-to-energy project 6. Jiangsu Rugao biomass direct combustion project 7. Jiangsu Danyang waste-to-energy project 8. Zhejiang Ninghai waste-to-energy project 9. Zhejiang Shengzhou waste-to-energy project 10. Jiangxi Jiujiang waste-to-energy project 11. Shandong Zhucheng waste-to-energy project 12. Shandong Dongping waste-to-energy project 13. Shandong Binhai sewage treatment project 14. Henan Nanyang waste-to-energy project 15. Henan Xinyang waste-to-energy project 16. Henan Taikang waste-to-energy project 17. Hunan Xiangtan waste-to-energy project 18. Hunan Shaoyang waste-to-energy project [4][5].

Major Events - The National Housing and Urban-Rural Construction Work Conference was held in Beijing from December 22 to 23, 2025, focusing on the review of 2025's work and planning for the "14th Five-Year Plan" achievements and key tasks for 2026 [7][51] - The conference emphasized the importance of stabilizing the real estate market and implementing property service quality improvement actions, exploring new models of coordination among community party organizations, residents' committees, owners' committees, and property service enterprises [7][51] Policy Dynamics - The Nanjing Housing Security and Real Estate Bureau released a draft work plan for the "List-based Management of Law Enforcement in Residential Communities," aiming to establish a long-term management mechanism for residential communities [13][59] - The plan focuses on integrating various stakeholders and optimizing collaborative governance paths, utilizing digital platforms for smart management to create a clear, orderly, and efficient community governance structure [16][59] Corporate Dynamics - Shimao Services announced plans to enter the sewage treatment market in Liaoning Province through a partnership agreement with Huludao Yongsheng Project Management Consulting [17][60] - China Overseas Property announced a capital increase agreement with China Construction Asset Management, involving a total investment of approximately RMB 39 million [21][64] - Jin Ke Services disclosed the results of a temporary shareholders' meeting, where a delisting resolution was approved [24][66] Capital Market - The Hang Seng Index closed at 25,818.93 points, up 0.50%, with 16 property service companies rising, and 29 companies outperforming the index [32][74] - During the fourth week of December 2025, 2,098 new projects were added across key cities, covering a total construction area of 100.96 million square meters, including 479 residential projects and 398 commercial office projects [34][75] New Projects - The fourth week of December 2025 saw a total of 2,098 new projects, with 1,015 in the industrial sector and 206 in other categories [34][75] - The distribution of new projects included significant contributions from major cities, indicating a robust pipeline for future development [38][75] Tender Information - A total of 11,553 property-related tender notices were published in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macau, with non-residential projects making up the majority [41][81]

Core Viewpoint - Chongqing Water Group announced the approval of an acquisition related to wastewater treatment projects, involving significant financial transactions with associated companies [1] Group 1: Acquisition Details - The company approved the acquisition of assets and related debts from Chongqing Water Environment Holding Group, which includes the expansion projects of three wastewater treatment plants: Nanchuan Dongcheng, Guoyuan, and Yuelai [1] - The total amount for the acquisitions is 381.5274 million yuan [1] Group 2: Related Parties - The acquiring companies include Chongqing Haoyang Water Management Co., Ltd. and Chongqing Sanxia Water Co., Ltd. Longxing Branch, which are subsidiaries of Chongqing Water Group [1] - The transaction is classified as a related party transaction due to the involvement of Chongqing Water Environment Holding Group [1]

Core Viewpoint - The company has announced the acquisition of assets and related debts for wastewater treatment plant expansion projects totaling 255 million yuan [1] Group 1 - Chongqing Water Affairs' subsidiary, Chongqing Sanxia Water Affairs Co., Ltd., has acquired assets related to the expansion of the Fusheng Wastewater Treatment Plant [1] - Chongqing Haoyang Water Affairs Construction Management Co., Ltd. has also acquired assets related to the expansion of the Wulong Wastewater Treatment Plant [1] - The acquisitions include the second phase expansion and upgrading projects for the Wansheng Nantong Wastewater Treatment Plant [1]

Group 1 - Company located in Longyan, Fujian, is a leading provider of comprehensive human living environment solutions, focusing on the research and manufacturing of sanitation service robots, successfully creating the world's first intelligent cleaning robot based on a skateboard chassis [2] - Zhongmin Energy is the earliest wind power enterprise in Fujian to engage in preliminary work and development of wind power projects [2] - Fujian Guozhi is a state-owned enterprise under the Fujian State-owned Assets Supervision and Administration Commission, specializing in engineering supervision, testing, bidding services, surveying, and geographic information services across various sectors [2] Group 2 - China Wuyi, controlled by Fujian Guozhi, is primarily engaged in investment development, engineering contracting, and foreign trade [2] - Haixia Environmental Protection is a leading company in the sewage treatment industry in Fujian, capable of providing integrated urban environmental protection services [2] - Tianma Technology, located in Fuzhou, Fujian, is a leader in the eel industry chain [2] Group 3 - Harbin plans to develop three flagship ice and snow tourism scenic areas, each exceeding one million square meters [2] - Xue Ren Shun focuses on the construction of temperature control facilities for ice and snow venues and the supply of ice-making and snow-making equipment, having provided cooling equipment for national winter sports venues [2] - Dalian Shengya operates scenic projects in Dalian and Harbin, including various marine and polar-themed attractions [2] Group 4 - The first domestic molten salt experimental reactor has been completed, achieving in-reactor uranium conversion for the first time [3] - Han Jian He Shan signed a procurement contract worth 207 million yuan with China Nuclear Industry Huaxing Construction Co., Ltd. [3] - Hailu Heavy Industry, a supplier of heat exchange devices, has successfully completed the acceptance of a 2MWt liquid fuel molten salt experimental reactor's residual heat exchange device [3] Group 5 - Yuse Co. delivered equipment for the main container of the "Molten Salt Reactor Comprehensive Simulation Experimental Platform Project" to Shanghai Electric Nuclear Power Equipment Co., Ltd. [3] - Lanshi Heavy Industry is a key equipment manufacturer in the fourth-generation nuclear power sector and the exclusive supplier of pressure vessels for molten salt reactors, with strong technical reserves [3] - Microsoft CEO stated that insufficient power supply is a bottleneck for AI development [3] Group 6 - Shennma Electric, a leading composite insulator manufacturer, reported a 177.52% year-on-year increase in net profit for the first half of the year [3] - Moen Electric, a leader in the special cable industry, has seen a 22.31% year-on-year increase in net profit for the first three quarters [3] - Mindong Electric focuses on power production and development, primarily in hydropower, wind power, and photovoltaics [3] Group 7 - The price of lithium hexafluorophosphate continues to rise [3] - Baihehua plans to invest in a "3000 tons/year battery-grade lithium carbonate project" using self-raised funds [3] - Guancheng New Materials, a subsidiary of Fujian Shaowu Chuangxin New Materials Co., Ltd., has turned a profit in the first three quarters [3] Group 8 - The National Medical Insurance Negotiation for 2025 has started, introducing a "commercial insurance innovative drug directory" mechanism [4] - Yingxin Development plans to acquire an 81.8091% stake in Guangdong Changxing Semiconductor Technology Co., Ltd. for cash [4] - Weigao Blood Products intends to purchase 100% of Weigao Purui, the first company in China to obtain registration for pre-filled syringes [4] Group 9 - Guoguang Chain, the first listed company in Jiangxi's commercial circulation industry, reported a 4.15% year-on-year increase in net profit for the first half of the year [4] - Delong Huineng's actual controller is set to change to Sun Weijia [4] - Standard Shares' controlling shareholder plans to publicly solicit the transfer of no more than 27.77% of its shares [4] Group 10 - Miro Media operates a series of sports publications and reported a turnaround in net profit for the first three quarters [5] - PCB manufacturer Super Ying Electronics showcased the next-generation GPU architecture Rubin, expecting to ship 20 million units [5] - Guangda Jiabao, focusing on bad asset management, is a subsidiary of Guangda Group [5]

Group 1 - The company Jin Dalai's subsidiary, Wan'an Jin Yuan Water Industry Co., Ltd., has filed an administrative lawsuit against the Wan'an County People's Government for overdue project compensation payments totaling approximately 40.8 million yuan [1][2] - The cooperation between Wan'an Jin Yuan and the Wan'an County People's Government began in 2016, with an agreement for the operation of a wastewater treatment project, which included a guarantee for compensation in case of annual losses due to insufficient wastewater treatment [2] - Jin Dalai has only received compensation for the years 2017, 2018, and part of 2019, with the remaining compensation from 2019 to 2024 still unpaid, leading to the current legal action [2] Group 2 - As of the end of 2024, Jin Dalai's total accounts receivable reached 1.192 billion yuan, with over 800 million yuan aged over one year, and 341 million yuan of these receivables have been provisioned for bad debts [3] - The company has emphasized the importance of strengthening accounts receivable management to mitigate risks and ensure healthy cash flow, implementing strict controls throughout the project lifecycle [5] - In the first quarter of 2025, Jin Dalai reported a slight revenue increase of 1.55% year-on-year, with net profit rising by 25.56%, attributed to improved collection efforts [5]

Core Viewpoint - The announcement of the fifth batch of national public open units for environmental facilities and urban sewage and waste treatment facilities by the Ministry of Ecology and Environment marks a significant milestone for the company, showcasing its commitment to environmental responsibility and the "Two Mountains" concept [1] Group 1: Company Achievements - The company has successfully included 18 environmental projects in the national public open unit list, reflecting its dedication to the "open sharing" philosophy and its role as a leading environmental enterprise in China [1][2] - Since the second half of 2018, the company has opened 226 projects to the public, receiving approximately 220,000 visitors over three years, making it the earliest and largest enterprise in China to open environmental facilities to the public [2] - The "Urban Living Room" waste-to-energy project in Changzhou, Jiangsu, has been recognized as one of the "Top Ten National Environmental Facility Open Units," receiving high praise from the Ministry of Ecology and Environment [2] Group 2: Project Details - The 18 projects included in the latest public open unit list are as follows: 1. Tianjin Xiqing Waste-to-Energy Project 2. Hebei Zhangjiakou Waste-to-Energy Project 3. Heilongjiang Harbin Waste-to-Energy Project 4. Jiangsu Yixing Waste-to-Energy Project 5. Jiangsu Suzhou Waste-to-Energy Project 6. Jiangsu Rugao Biomass Direct Combustion Project 7. Jiangsu Danyang Waste-to-Energy Project 8. Zhejiang Ninghai Waste-to-Energy Project 9. Zhejiang Shengzhou Waste-to-Energy Project 10. Jiangxi Jiujiang Waste-to-Energy Project 11. Shandong Zhucheng Waste-to-Energy Project 12. Shandong Dongping Waste-to-Energy Project 13. Shandong Binzhou Development Zone Sewage Treatment Project 14. Henan Nanyang Waste-to-Energy Project 15. Henan Xinyang Waste-to-Energy Project 16. Henan Taikang Waste-to-Energy Project 17. Hunan Xiangtan Waste-to-Energy Project 18. Hunan Shaoyang Waste-to-Energy Project [3]