Delinhai(SH:688069) Cai Jing Wang·2025-04-10 12:00Core Viewpoint - Derin Hai (688069.SH) has won a bid for the operation management project of the Xingyun Lake in-situ algae control and water quality improvement project, with a total estimated amount of approximately 87.85 million yuan over two years [1] Group 1: Project Details - The project is contracted by the Yuxi City Jiangchuan District Water Resources Bureau, with a service period of two years and an annual amount of about 56 million yuan [1] - The bid includes a comprehensive unit price for four shore-based stations at 0.524 yuan per cubic meter and three independent deep well management fees at 0.034 yuan per cubic meter [1] - The deep well equipment demonstrates a core advantage of low energy consumption, with management costs for water bodies being less than 7% of shore-based stations, validating the economic and sustainable nature of the company's self-developed deep-sea high-pressure algae control technology [1] Group 2: Historical Context - Derin Hai began work on the Xingyun Lake project in 2019, signing a contract for algae control and water quality improvement equipment procurement and operation [2] - The project was completed on April 30, 2020, and passed the engineering acceptance organized by the Jiangchuan District Water Resources Bureau, achieving the first and second phase governance targets [2] - In 2022, monitoring data indicated that the average total phosphorus concentration at monitoring points met the improvement target of ≤0.149 mg/L, fulfilling the conditions for the third phase payment of 63.525 million yuan, although the payment has not been released due to regulatory issues [2] Group 3: Legal Proceedings - In March 2024, Derin Hai's Yuxi subsidiary filed a lawsuit, followed by a counterclaim from the Jiangchuan Water Resources Bureau for the return of previously paid project funds [3] - A first-instance judgment required the Yuxi subsidiary to return overpaid funds, and the subsidiary has appealed this decision, which is currently under review by the Yuxi Intermediate People's Court [3] - Despite the ongoing legal proceedings, the Jiangchuan Water Resources Bureau selected Derin Hai for the current project based on technical capabilities and historical governance data, indicating confidence in the company's service value and technical strength [3]