Quan Jing Wang·2025-09-19 10:18Group 1 - The company participated in a collective reception day and mid-year performance briefing organized by the Shanghai Stock Exchange Association and Panoramic Network on September 19, focusing on investor communication and value delivery [1] - The company’s board secretary, Zhao Fei, addressed questions regarding the water segment's expenditures and debt situation, stating that water prices are executed based on agreements [1] - Capital expenditures in the water segment will focus on upgrading existing facilities and ensuring safe operations, which includes necessary investments for operational safety and stability [1] Group 2 - The company has seen a continuous decline in its debt ratio over the past three years, maintaining it within controllable limits [1] - The company aims to balance long-term development strategies with current financial safety, ensuring that new investments align with its financial capacity [1]