本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 湖南军信环保股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开了第三届董事 会第二次会议和第三届监事会第二次会议，审议通过了《关于公司及子公司使用部分闲置募集 资金及自有资金进行现金管理的议案》，同意公司及子公司使用不超过人民币 1.20 亿元（含 本数）闲置募集资金及不超过人民币 30.00 亿元（含本数）的自有资金进行现金管理，用于购 买安全性高、流动性好、保本型的理财产品或存款类产品（包括但不限于结构性存款、大额存 单、定期存款、通知存款等），上述额度自董事会审议通过之日起 12 个月内有效，在前述额 度和期限范围内可循环滚动使用。具体内容详见公司于 2025 年 4 月 22 日刊登在巨潮资讯网 （www.cninfo.com.cn）上的《关于公司及子公司使用部分闲置募集资金及自有资金进行现金管 理的公告》（公告编号：2025-042）。 近日，公司及公司控股子公司湖南仁和环保科技有限公司使用闲置自有资金进行现金管理 的产品已到期赎回，现将有关情况公告如下： 1 证券代码：301109 ...

本报讯 （记者何文英）近日，由《证券日报》社有限责任公司主办的2025证券市场年会暨"金骏马"颁 奖典礼圆满落幕，湖南军信环保股份有限公司（以下简称"军信股份（301109）"）凭借在环境、社会与 治理（ESG）领域的卓越实践，荣获"金骏马ESG可持续发展先锋企业奖"，成为环保行业高质量发展的 典范。 军信股份以"科技守护绿水青山"为使命，正从区域龙头迈向国际领先的环境治理和绿色能源服务提供 商。此次获奖，不仅是对其过往实践的认可，更彰显了资本市场对环保能源行业"价值+成长"双轮驱动 模式的深度认同。 作为国内领先的固废综合处理及绿色能源服务商，军信股份始终将ESG理念深度融入战略决策与日常运 营。公司建设运营的长沙黑麋峰固废处理场，是全国唯一荣获两个"鲁班奖"的环保产业园区，集生活垃 圾焚烧、市政污泥处置、渗滤液处理、灰渣填埋及环保科普于一体，2024年实现上网电量14.73亿度， 年碳减排量超100万吨，持续为"无废城市"建设提供绿色动能。 在社会（S）维度，公司积极履行企业公民责任。军信股份被生态环境部、住房和城乡建设部联合授 予"全国环保设施和城镇污水处理设施向公众开放单位"，并获评省市级环保科普教育 ...

Core Viewpoint - Hunan Junxin Environmental Protection Co., Ltd. is focusing on solid waste treatment and green energy, aiming to enhance operational quality through technological innovation and digitalization while expanding its business in waste resource recycling and low-carbon models [1][2] Group 1: Strategic Initiatives - The company will concentrate on its core business development and increase R&D efforts to improve the quality of solid waste treatment and green energy projects [1] - Junxin plans to strengthen its business expansion in waste resource recycling and the construction of "waste-free cities," promoting the integration of waste incineration power generation with green computing industries [1] - The company aims to explore new low-carbon models and establish sustainable development new business formats [1] Group 2: Future Goals - By 2026, Junxin aims to continue implementing the "Belt and Road" initiative, expanding its solid waste treatment and green energy markets in Central Asia, the Middle East, and Southeast Asia [1] - The company is committed to contributing to high-quality co-construction of the "Belt and Road" [1] - Junxin is targeting a new performance growth point through a three-center integrated business model: waste incineration power generation, steam supply, and green computing services [2]

Investment Rating - The report provides a positive investment outlook for various sectors within the energy industry, particularly recommending companies involved in coal power, hydropower, nuclear power, green energy, and gas [1]. Core Insights - The report highlights that in November 2025, the total electricity consumption reached 835.6 billion kWh, marking a year-on-year increase of 6.2%. The growth contributions from the primary, secondary, and tertiary industries, as well as residential consumption, were 2%, 49%, 29%, and 19% respectively [4][6]. - The secondary industry remains the largest contributor to electricity consumption, accounting for over 60% of the total, with significant growth in high-tech and equipment manufacturing sectors [5][6]. - Natural gas prices have shown fluctuations, with the U.S. Henry Hub spot price at $3.31/mmBtu, reflecting a weekly decline of 7.30%. The report notes that the domestic LNG ex-factory price is 3915 yuan/ton, down 2.85% week-on-week [1][16]. Summary by Sections Electricity Sector - In November 2025, the electricity consumption by the first, second, and third industries grew by 7.9%, 4.4%, and 10.3% respectively, while residential consumption increased by 9.8% [4][6]. - The high-tech and equipment manufacturing sectors saw a 6.7% increase in electricity consumption, with automotive manufacturing leading at a 10% growth rate [5][6]. Natural Gas Sector - The report indicates that global gas prices are experiencing slight fluctuations, with the U.S. market showing a significant drop in spot prices. The report anticipates that the demand for natural gas will increase as winter approaches, potentially stabilizing prices [1][16]. - Recommendations include focusing on integrated gas companies and those benefiting from cost reductions and improved profitability due to lower oil prices [39][40]. Investment Recommendations - For coal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their diversified revenue sources [1]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are favored due to expected improvements in profit margins from reduced capital expenditures [1]. - Nuclear power firms like China National Nuclear Power and China General Nuclear Power are highlighted for their stable cost structures and growth potential [1]. - In the green energy sector, companies like Xintian Green Energy and Longyuan Power are recommended for their stable returns and increasing operational value [1]. - The report also suggests investment in gas companies like Shenzhen Energy and Kunlun Energy, which are expected to benefit from cost reductions and improved market conditions [1][39].

Investment Rating - The report maintains a "Positive" outlook on the utility and environmental sectors, indicating potential investment opportunities in these areas [2]. Core Insights - The report highlights that in November, the total electricity consumption in China reached 835.6 billion kWh, representing a year-on-year growth of 6.2%. The contributions from various sectors were: primary industry (7.9%), secondary industry (4.4%), tertiary industry (10.3%), and urban and rural residents (9.8%) [3][8]. - The growth in electricity consumption is primarily driven by the tertiary industry, particularly in sectors related to big data analysis and artificial intelligence services, which saw significant increases in electricity usage [9]. - The report notes that the natural gas market is experiencing slight fluctuations, with LNG prices continuing to decline. As of December 26, the national LNG ex-factory price was 3915 RMB/ton, down 2.85% week-on-week [3][40]. Summary by Sections Electricity Sector - In November, the total electricity consumption was 8356 billion kWh, with a year-on-year increase of 6.2%. The secondary industry contributed 49% to the growth, while the tertiary industry followed with a 29% contribution [10][11]. - The high-tech and equipment manufacturing sectors showed a notable increase in electricity consumption, with a year-on-year growth of 6.7%, surpassing the average growth rate of the manufacturing sector by 2.5 percentage points [9][10]. Natural Gas Sector - The report indicates that global gas prices are experiencing minor fluctuations, with the Henry Hub spot price at $3.31/mmBtu, reflecting a weekly decrease of 7.30%. The TTF spot price in the Netherlands was €27.70/MWh, down 1.42% week-on-week [3][19]. - The report suggests that the LNG ex-factory price in China is under pressure due to high inventory levels and low-cost sea gas resources, leading to a continued downward trend [40][41]. Investment Recommendations - The report recommends several companies based on their performance and market positioning: - For thermal power, companies like Guodian Power, Inner Mongolia Huadian, and Datang Power are highlighted for their integrated coal and power operations [3][17]. - In the hydropower sector, companies such as Yangtze Power and Guotou Power are recommended due to their stable financial performance and reduced capital expenditures [3][17]. - For nuclear power, China National Nuclear Power and China General Nuclear Power are suggested due to their stable cost structures and growth potential [3][17]. - In the green energy sector, companies like Xintian Green Energy and Longyuan Power are noted for their improved returns from stable project yields [3][17].

Investment Rating - The report maintains an "Accumulate" rating for the environmental protection industry [1]. Core Insights - The release of the CCER methodology for renewable energy electrolysis hydrogen is expected to reshape the economic viability of green hydrogen projects [10][12]. - The environmental protection industry strategy for 2026 emphasizes a dual focus on value and growth, driven by carbon neutrality initiatives [15]. - The report highlights significant growth in the sales of new energy sanitation vehicles, with a year-on-year increase of 64.01% and a penetration rate increase of 6.68 percentage points to 18.6% [22]. - The price of biodiesel remains stable, with slight improvements in profit margins [34]. - The lithium battery recycling sector is experiencing a decline in profitability despite rising metal prices [35]. Summary by Sections CCER Methodology and Green Hydrogen - The CCER methodology for renewable energy electrolysis hydrogen was officially released, enhancing the regulatory framework for green hydrogen projects [10]. - The methodology specifies that it applies only to new projects and emphasizes the use of self-generated renewable energy [11]. - The economic benefits of green hydrogen projects are projected to improve, with investment recovery periods decreasing from 9.21 years to 8.77 years due to CCER revenue [12][13]. Environmental Protection Industry Strategy - The 2026 strategy focuses on the dual themes of value and growth, with an emphasis on market-oriented improvements and operational efficiency [15]. - Key recommendations include focusing on companies with strong cash flow and growth potential, such as Huanlan Environment and Longjing Environmental Protection [15][16]. Sanitation Equipment Market - The sanitation vehicle market saw a total sales volume of 66,563 units in the first eleven months of 2025, with new energy vehicles accounting for 12,383 units sold [22]. - The penetration rate of new energy sanitation vehicles reached 18.6%, indicating a growing trend towards electrification in this sector [22]. Biodiesel Market - The average price of biodiesel remained stable at 8,200 yuan per ton, with a slight improvement in profit margins [34]. - The price difference between UCOME and waste oil is approximately 2,172 yuan per ton, indicating a competitive market environment [34]. Lithium Battery Recycling - The profitability of lithium battery recycling projects has decreased, with average unit profits for lithium carbonate and waste materials showing negative margins [35]. - Despite this, metal prices for lithium, cobalt, and nickel have increased, suggesting potential for future profitability improvements [35][37].

Group 1 - The garbage incineration power generation project in Bishkek, Kyrgyzstan, has been completed and inaugurated, with over 200 participants from China and Kyrgyzstan attending the event [2] - The project aims to address waste management issues, promote electricity production, create job opportunities, improve the ecological environment of Bishkek, and contribute to ensuring electricity supply for residents [4] - The project is invested and operated by Hunan Junxin Environmental Protection Co., Ltd., which is committed to ensuring safe, stable, and environmentally friendly operations while fulfilling social responsibilities [6] Group 2 - The project started in August 2024, with a planned waste processing capacity of 3,000 tons per day, while the current capacity is 1,000 tons per day [6] - The annual electricity generation from the project is approximately 146 million kilowatt-hours, with an expected annual carbon reduction of 100,000 tons [6]

证券代码：301109 证券简称：军信股份 公告编号：2025-163 湖南军信环保股份有限公司 关于使用闲置自有资金进行现金管理到期赎回 委托方 受托方 产品 名称 产品 性质 购买金额 （万元） 起息日 到期日 资金 来源 产品 收益 率 收益 金额 （元） 湖南仁 和环境 科技有 限公司 中国建设银 行股份有限 公司长沙湘 江支行 七天通知存 款 保本浮动 收益型 2,000 2025/11/27 2025/12/26 自有 资金 0.65% 10,472.22 一、本次使用闲置自有资金进行现金管理到期赎回的基本情况 行、渤海银行股份有限公司长沙分行购买结构性存款产品，并已签署相关协议。现就相关事宜 公告如下： | 委托方 | 受托方 | 产品 | 产品 | 购买金额 | 起息日 | 到期日 | 预期年化 | 资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 名称 | 性质 | （万元） | | | 收益率 | 来源 | | 公司 | 招商银行股 份有限公司 长沙分行 | 招商银行点金 系列看涨两层 区间92天结构 性存 ...

Group 1 - The core point of the article highlights the trading activity of Junxin Co., which saw a closing price increase of 1.19% to 15.26 yuan on December 24, with two significant block trades totaling 1.0942 million shares and a transaction amount of 15.6002 million yuan [1] - The first block trade occurred at a price of 12.55 yuan for 316,000 shares, amounting to 3.9658 million yuan, with a discount rate of -17.76% [1] - The second block trade was executed at 14.95 yuan for 778,200 shares, totaling 11.6344 million yuan, with a discount rate of -2.03% [1] Group 2 - Over the past three months, Junxin Co. has recorded a total of seven block trades, with a cumulative transaction amount of 57.5127 million yuan [1] - In the last five trading days, the stock has experienced a cumulative decline of 1.55%, with a net outflow of main funds amounting to 29.8358 million yuan [1]

12月23日，骏成科技跌0.65%，成交额2581.68万元。两融数据显示，当日骏成科技获融资买入额252.95 万元，融资偿还271.02万元，融资净买入-18.06万元。截至12月23日，骏成科技融资融券余额合计 7484.34万元。 融资方面，骏成科技当日融资买入252.95万元。当前融资余额7484.34万元，占流通市值的2.51%，融资 余额超过近一年90%分位水平，处于高位。 融券方面，骏成科技12月23日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 机构持仓方面，截止2025年9月30日，骏成科技十大流通股东中，博道成长智航股票A（013641）位居 第五大流通股东，持股82.82万股，相比上期增加55.06万股。大成中证360互联网+指数A（002236）位 居第七大流通股东，持股52.09万股，相比上期增加6020.00股。 责任编辑：小浪快报 截至12月10日，骏成科技股东户数9167.00，较上期增加4.59%；人均流通股11139股，较上期减少 4.39%。2025年1月-9 ...