证券之星消息，根据市场公开信息及8月26日披露的机构调研信息，海富通基金近期对5家上市公司进行了调研，相关名单如下： 1）潮宏基 （海富通基金参与公司电话会议） 调研纪要：公司近年推出臻金臻钻、梵华、黄财神、故宫文化等高克重系列，提升客单价，未来将持续围绕客户需求发力产品，打造非遗花丝、 古法高工、潮搭串珠、IP领域领先地位。Soufflé定位礼赠专家，产品年轻化，已开60家门店，与主品牌形成互补。主品牌推出"花丝?弦月"等非遗 系列，IP授权涵盖哆啦A梦、三丽鸥等，并新增多个IP。品牌推广以"意象东方?非遗新生"为主线，携手宋轶，开展"一城一非遗"活动。线上子公 司净利润同比增长70.64%，推动线上线下一体化。截至6月底门店达1,540家，净增72家，海外在吉隆坡、泰国、柬埔寨开店，表现超预期。 2）维尔利 （海富通基金管理有限公司参与公司特定对象调研） 调研纪要：维尔利在机构调研中透露，公司重视应收账款的回款工作，采取多种措施确保资金回收。生物天然气业务成为未来发展重点，规划到 2027年产能达100万方/天，已签9个项目，部分项目已进入运营阶段。生物天然气可通过绿色认证获取绿色溢价，市场潜力大。子公司 ...

| 投资者关系活 | √特定对象调研 □ 分析师会议 | | --- | --- | | 动类别 □ | 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 | 北京高熵资产管理有限公司韩佳运、长江证券王岭峰、海富通基 | | 及人员姓名 | 金管理有限公司潘滨海 | | 时间 | 2025 年 8 月 26 日 | | 地点 | 公司会议室 | | 上市公司接待 人员姓名 | 董事会秘书 杨刚 证券事务代表 沈娟 | | | 1、董秘杨刚介绍公司历史沿革、业务发展、业务转型情况。 | | | 2、公司应收账款情况及回款措施？ | | | 回复：公司的应收账款主要是前期市政类项目的款项，其中 | | | 行政事业单位及国企央企类客户占比较高。公司每年依据有 | | | 关会计政策，对上述应收款计提了坏账准备。近年来，公司 | | 投资者关系活 | 极为重视回款工作，2024 年及 2025 年上半年，公司现金流 | | 动主要内容介 | 略有好转。未来，随着有关回款落地，将对公司的现金流及 | | 绍 | 经营业绩产生积极影 ...

Core Viewpoint - China Everbright Greentech (01257.HK) reported a decline in revenue for the first half of 2025, with a total of HKD 3.4 billion, a decrease of 3% compared to the same period last year, while net profit attributable to shareholders increased by 33% to HKD 191 million [1] Financial Performance - Revenue for the first half of 2025 was HKD 3.4 billion, down 3% year-on-year [1] - Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to HKD 974 million, a decrease of 11% compared to the previous year [1] - Net profit attributable to equity shareholders was HKD 191 million, reflecting a 33% increase year-on-year [1] - The interim dividend declared was HKD 0.028 per share [1] Business Operations - The company’s main business segments include biomass comprehensive utilization, hazardous and solid waste disposal, environmental remediation, photovoltaic power generation, and wind power [1] - As of June 30, 2025, the company has secured 142 environmental investment projects with a total investment of approximately RMB 30.65 billion [1] - The company has undertaken 70 light asset projects related to environmental remediation, with a total contract value of approximately RMB 1.855 billion [1] Market Expansion - During the review period, the company added a heating supply capacity of 520,000 tons and launched its first biogas project, increasing biogas production capacity by 10 million tons annually [1] - The company secured new environmental remediation contracts worth approximately RMB 128 million [1] - The electricity sales business achieved a signed electricity volume of 750 million kilowatt-hours for the year [1] Renewable Energy Projects - As of June 30, 2025, the total installed capacity of the company’s photovoltaic projects reached 176.12 megawatts, primarily located in Jiangsu Province, Hong Kong, and Germany [1] - In Hong Kong, the company has a total of 13 photovoltaic projects with a combined designed capacity of 3.60 megawatts [1] - The company’s wind power projects have a total installed capacity of 96 megawatts, mainly located in Shanxi Province [1]

Group 1 - Suzhou is transforming its traditional production and consumption models to promote efficient resource utilization and upgrade its industrial structure, focusing on a green low-carbon circular economy [1][2] - The number of near-zero carbon factories in Suzhou is expected to increase by over 91% year-on-year in 2024, reducing greenhouse gas emissions by approximately 700,000 tons per year [1] - The Suzhou Industrial Park is home to a modern circular economy industrial park that redefines waste management, processing organic waste into biogas and creating green electricity [2] Group 2 - The Wujiang District has focused on the textile and dyeing industries, eliminating over 80,000 low-end water jet looms and 267 outdated coating production lines to promote intelligent and green transformation [3] - The Suzhou Intelligent Manufacturing Service Park has attracted over 220 enterprises, showcasing the successful implementation of the "Green Mountains and Clear Water are Gold and Silver Mountains" development philosophy [3] Group 3 - Suzhou is leveraging technology to empower green development, establishing itself as a national hub for the new energy industry, with distributed photovoltaic capacity exceeding 1 GW [5][7] - The city has developed a carbon trading service center that has facilitated carbon reduction for over 500 enterprises, achieving a carbon reduction of over 340,000 tons [5] Group 4 - The ecological product value realization mechanism is being actively developed in Suzhou, aiming to convert ecological dividends into developmental benefits [8] - The city has seen significant economic benefits from ecological initiatives, with the GEP (Gross Ecosystem Product) and GDP both increasing through the development of ecological economies [9][10] Group 5 - Suzhou has pioneered an enterprise self-inspection service platform for environmental protection, rewarding compliant companies with policy incentives, thus converting ecological advantages into developmental strengths [11] - The integration of ecology and industry is creating a multiplier effect in Suzhou, enhancing both environmental and economic outcomes [12]

Core Viewpoint - The article highlights the successful implementation of the "N2N" agricultural recycling model in Jiangxi Province, transforming pig manure and straw into valuable resources for energy and soil improvement, thereby benefiting local farmers and promoting environmental sustainability [1][5]. Group 1: N2N Model Overview - The "N2N" model focuses on large-scale biogas projects and organic fertilizer production, linking upstream livestock farms and downstream agricultural enterprises to create a resource recycling system for agricultural waste [3]. - The process involves three main steps: centralized waste collection from 142 pig farms producing 600,000 pigs annually, conversion of waste into electricity, biogas, and organic fertilizer through fermentation and composting, and finally returning the resources to the fields [3][4]. Group 2: Benefits to Farmers - Farmers like Liu Weiliang report significant cost savings, with annual expenses for waste management reduced by 50,000 RMB due to the services provided by the ecological agriculture company [4]. - Rice farmer Liu Daigen benefits from selling straw to the company and purchasing organic fertilizer, effectively making the fertilizer cost-neutral while increasing rice yields [4]. - Citrus growers, such as He Cheng, note that organic fertilizer improves soil moisture and quality, leading to a 20% to 30% reduction in fertilizer costs and a 5% to 8% increase in yield [4]. Group 3: Policy and Recognition - The "N2N" model aligns with China's agricultural green development goals, as outlined in the "14th Five-Year" national agricultural green development plan, which emphasizes the resource utilization of livestock waste and straw [4]. - The model has been recognized as a national example of green circular agriculture and included in the national ecological civilization pilot reform initiatives by the National Development and Reform Commission [5].

Group 1 - The core viewpoint of the news is the recognition of the Suzhou Industrial Park Circular Economy Industrial Park as a typical case for green low-carbon development by the Ministry of Ecology and Environment, highlighting its role in waste management and resource recycling [1][3] - The Circular Economy Industrial Park has established a comprehensive industrial chain that interconnects various facilities for wastewater treatment, organic waste processing, and energy generation, effectively transforming waste into valuable resources [1][2] - The park has achieved significant environmental and economic benefits, processing nearly 100 million tons of wastewater and reducing chemical oxygen demand (CODcr) by over 41,000 tons, while also producing biogas and biodiesel from waste [2][3] Group 2 - The Circular Economy Industrial Park serves as a model for green development in the Yangtze River Delta region, contributing to the ecological environment and economic growth [3] - The park is undergoing a green upgrade focused on pollution reduction, carbon reduction, and efficiency enhancement, with investments in renewable energy projects such as solar power and energy storage [3] - The park aims to optimize its energy utilization structure and increase the proportion of renewable energy, moving towards the goal of a "near-zero carbon" infrastructure [3]

Core Viewpoint - The transformation and upgrade of the environmental protection industry are driven by green productivity, which is essential for achieving high-quality development and ecological governance [1][2][3]. Group 1: Industry Transformation - The environmental protection industry is undergoing a comprehensive transformation in positioning, logic, and connotation, moving beyond traditional end-of-pipe treatment to become a key player in promoting green transition [2][3]. - The strategic value of the environmental protection industry is reflected in three aspects: as a practical carrier for ecological civilization, a crucial support for economic transformation, and a strategic point for international competition [2][3]. Group 2: Economic and Policy Environment - The environmental protection industry is entering a golden period of innovation and upgrade, with annual revenue expected to exceed 2.2 trillion yuan by 2024, indicating significant scale benefits [4]. - A supportive policy environment is being established, with multiple ministries collaborating to enhance technological innovation in the ecological environment sector, providing financial and talent support for enterprises [5]. Group 3: Technological Advancements - New technologies and models are emerging, such as biogas production from organic waste and zero-carbon park solutions, which are facilitating the green transition of traditional manufacturing sectors [6]. - The industry has seen a rapid increase in R&D investment, with an average annual growth rate of 12% over the past five years, reaching over 80 billion yuan in 2023 [7]. Group 4: Talent Development - The environmental protection industry has seen a significant increase in workforce, with over 3.4 million employees by the end of 2024, indicating a growing talent pool [7]. - The structure of talent is improving, with a notable number of graduates entering the industry, enhancing the capacity for high-quality development [7]. Group 5: Collaborative Development - Developing green productivity requires a collaborative effort across society, with enterprises needing to enhance their role in market-driven innovation and actively participate in global environmental governance [8][9]. - A focus on common key technology breakthroughs is essential to reshape the technological system of the environmental protection industry, addressing new demands for pollution reduction and carbon neutrality [9].

Core Viewpoint - The 29th World Gas Conference (WGC2025) held in Beijing from May 20 to 23, 2025, highlighted China's role as the largest importer of natural gas and LNG, showcasing its energy development experience to the international community [3]. Group 1: Conference Overview - The conference, themed "Empowering a Sustainable Future," attracted over 200 energy companies from more than 70 countries, including major international oil and gas firms such as Shell, Total, and ExxonMobil, as well as China's leading gas companies [3]. - The exhibition area covered 50,000 square meters, featuring around 300 exhibitors, marking the largest scale in WGC history [3]. - By the day before the opening ceremony, over 2,700 representatives had registered, with more than 40% being international attendees [3]. Group 2: Technological Innovations - Shenergy Group showcased its three-step plan for producing green methanol using biogas, biomass gasification, and green hydrogen combined with CCUS (Carbon Capture, Utilization, and Storage) [3][4]. - The Japan Gas Association presented e-methane technology, which combines carbon dioxide and hydrogen, emphasizing its lower carbon emissions compared to natural gas and minimal infrastructure investment [6][7]. Group 3: Business Collaborations - China Gas Group aimed to explore international market opportunities for its smart home gas systems, particularly in developing regions like Australia and Southeast Asia, citing favorable socio-economic conditions in Thailand [9][11]. - Petronas, Malaysia's national oil company, emphasized the importance of the conference for strengthening long-term partnerships in the natural gas sector, highlighting its role as China's fourth-largest LNG supplier, providing approximately 8 million tons of LNG annually [13].

Group 1 - The 29th World Gas Conference (WGC2025) was held in Beijing from May 20 to 23, marking the first time the event has taken place in China since its inception in 1931 [1][2] - The conference attracted over 200 energy companies from more than 70 countries, including major international players like Shell, Total, Qatar Energy, BP, and ExxonMobil, as well as domestic leaders such as the "Big Three" oil companies and New Hope Group [2] - The exhibition area covered 50,000 square meters with around 300 exhibitors, making it the largest in WGC history, and over 2,700 representatives attended, with more than 40% from overseas [2] Group 2 - The theme of the conference was "Empowering a Sustainable Future," highlighting China's role as the world's largest importer of natural gas and LNG, which has garnered significant international attention [2] - Shenergy Group showcased its innovative technologies, including a three-step plan for producing green methanol using biogas and green hydrogen combined with CCUS technology [2][3] - A collaboration agreement was signed for a 100,000-ton green methanol project in Shanghai, expected to be completed by the end of 2025 [2] Group 3 - The Japan Gas Association presented e-methane technology, which combines carbon dioxide and hydrogen to produce a cleaner alternative to natural gas, aiming for 90% replacement of urban gas in Japan by 2050 [7] - China Gas Group exhibited its various business segments, including natural gas trading and smart energy solutions, seeking to expand its smart home gas systems into overseas markets like Australia and Southeast Asia [9][11] - Malaysia's Petronas emphasized the importance of the WGC in China, highlighting its long-term partnership with Shenergy Group, which has supplied approximately 5.4 million tons of LNG annually to meet over half of Shanghai's natural gas demand [13]

Core Viewpoint - The development of biomass energy in China is projected to significantly increase by the end of 2024, with installed capacity reaching 45.99 million kilowatts and electricity generation hitting 208.3 billion kilowatt-hours, highlighting its potential as a key renewable energy source for achieving carbon neutrality goals [1][2] Group 1 - Biomass energy is characterized as a zero-carbon renewable energy source with diverse forms (solid, liquid, gas) that can replace fossil fuel consumption, particularly in low-carbon transportation fuels [1] - The global energy landscape is undergoing rapid restructuring, with biomass energy being a crucial element for achieving China's dual carbon goals, emphasizing energy security and resource recycling [1] - The "2025 China Biomass Industry Development Annual Report" indicates that the biomass industry will experience technological breakthroughs, diversified application scenarios, and a dual policy-market approach over the next five years [2] Group 2 - The "2025 Biomass Energy Innovation Development Forum" was supported by various governmental departments and attracted widespread attention from society, focusing on themes of green journeys, innovation-driven development, and future empowerment [2]