节能环境：9月4日召开业绩说明会，投资者参与

Core Viewpoint - The company has demonstrated a stable revenue growth of 1.03% in the first half of 2025, while achieving a significant net profit increase of 24.61%, indicating effective cost management and operational efficiency [2][8]. Group 1: Financial Performance - The company's main revenue for the first half of 2025 reached 2.956 billion, with a year-on-year increase of 1.03% [8]. - The net profit attributable to shareholders was 545 million, reflecting a year-on-year growth of 24.61% [8]. - The company reported a gross profit margin of 38.4% and a debt ratio of 52.97% [8]. Group 2: Operational Efficiency - The company has focused on refining its operational management and reducing production and financing costs, which has led to improved profitability [2]. - The company is committed to enhancing its daily operational management to ensure steady performance improvement [2]. Group 3: Research and Development - The company has reduced its R&D expenses due to the completion of several major national technology projects, but continues to invest in key core projects to enhance technological innovation [3]. Group 4: Accounts Receivable Management - The company is actively managing its accounts receivable by monitoring high-value debts and utilizing information technology for efficient collection [4]. - The accounts receivable primarily consist of payments from local government departments and state-owned enterprises, which have a low probability of default [4]. Group 5: Market Strategy and Future Plans - The company is planning to explore new business opportunities while consolidating its core business in waste management, aiming for green and low-carbon development [6]. - The company has established a strategic framework for its future development, focusing on technological innovation and becoming a world-class enterprise [6].