瀚蓝环境：业绩连创历史新高，ESG诠释国企责任担当

Core Viewpoint - Hanlan Environment achieved impressive operating results in 2024, driven by deep industry experience, precise strategic layout, and continuous innovation, with significant growth continuing into 2025 [2][3] Financial Performance - In 2024, Hanlan Environment reported a net profit of 1.664 billion yuan, a year-on-year increase of 16.39%, marking a record high for the same period since its listing [3] - The company plans to distribute a cash dividend of 0.8 yuan per share, totaling 652 million yuan, also a record high since its listing [3] - In Q1 2025, the net profit reached 420 million yuan, a year-on-year increase of 10.26%, again setting a record for the same period since its listing [4] - Operating cash flow in Q1 2025 was 596 million yuan, a year-on-year increase of 74.54%, reflecting strong cash collection capabilities [4] Business Strategy and Growth Outlook - Hanlan Environment aims to achieve revenue of 11.1 billion yuan and total assets of 38.9 billion yuan in 2025, with potential revenue reaching 13.1 billion yuan if privatization is successful [5] - The company is focused on mergers and acquisitions, market expansion, and enhancing operational efficiency through automation and innovation [5] ESG Performance - Hanlan Environment has been recognized for its ESG efforts, achieving A-level ratings in various assessments and an AA- rating in the 2025 Zhongchengxin Green Finance International ESG rating [7] - The company has implemented comprehensive waste management and energy resource management programs, achieving significant reductions in pollutants [8] - In 2024, the company provided 4.96 billion tons of water to 1.1912 million customers, with a water supply satisfaction rate of 89.55% [9] Community Engagement and Governance - Hanlan Environment actively participates in community building and environmental education, conducting numerous public outreach activities and volunteer services [10] - The company has a diverse board of directors and has established a robust governance framework, enhancing decision-making quality and operational efficiency [11] - In 2024, the company maintained a zero incidence of corruption lawsuits and signed numerous integrity commitment letters, promoting a culture of compliance [11]