帝欧水华：近几年持续加大应收账款管理与回收力度

Core Viewpoint - The company has been actively managing and recovering accounts receivable, achieving a gradual decrease in the scale of accounts receivable through arrangements such as debt settlement with real estate developers, including Vanke [2] Group 1: Accounts Receivable Management - The company has intensified efforts in managing and recovering accounts receivable in recent years [2] - Arrangements have been made with multiple real estate companies, including Vanke, to settle debts with properties [2] - The scale of accounts receivable is gradually decreasing, as detailed in the company's temporary announcements and periodic reports [2] Group 2: Financial Performance - As of September 30, 2025, the balance of the company's convertible bonds is approximately 844 million, representing a 43.7% decrease from the initial issuance scale [2] - The company's operating cash flow remains positive, with a year-on-year growth of 47.09% compared to the same period last year [2] - The company plans to continue enhancing its operational strategies to improve the profitability of its main business and further strengthen its repayment capacity [2]