LK(SH:600388) Chang Jiang Shang Bao·2025-09-15 23:43Core Viewpoint - Longjing Environmental Protection (龙净环保) is actively pursuing its "environmental protection + new energy" dual-driven strategy by investing in significant projects both domestically and internationally, with a total investment exceeding 5.2 billion yuan in a single day [2][5]. Group 1: Project Developments - The company announced the acquisition of 80% of GML in the Democratic Republic of Congo, securing the development rights for the 140MW Kalan Geng Hydropower Station, with a total investment of approximately 3.99 billion USD (about 28.43 billion yuan) [3][4]. - Additionally, the company plans to invest in the Mami Cuo Integrated Energy Station project, with a total investment of around 2.39 billion yuan, which includes a combination of solar, energy storage, and thermal power generation [5][6]. Group 2: Financial Performance - Longjing Environmental Protection has maintained over 10 billion yuan in annual revenue for six consecutive years, with a reported revenue of 10.02 billion yuan in 2024, a decrease of 8.69% year-on-year, while net profit increased by 63.15% to 830 million yuan [7][8]. - In the first half of 2025, the company achieved a revenue of 4.68 billion yuan, a slight increase of 0.24% year-on-year, and a net profit of 445 million yuan, up 3.27% [7][8]. Group 3: Market Position and Strategy - The company holds a robust position in the environmental protection industry, with a total of 19.97 billion yuan in contracts on hand as of mid-2025, solidifying its status as an industry leader [8]. - Longjing Environmental Protection emphasizes technological innovation and has increased its R&D expenditure to 219 million yuan in the first half of 2025, reflecting a 4.7% year-on-year growth [8].