XREC(SZ:000598) Ge Long Hui A P P·2026-02-27 11:25Core Viewpoint - The company, Xingrong Environment, reported a slight increase in revenue and net profit for the fiscal year 2025, driven by growth in water supply and wastewater treatment services, despite challenges in the construction sector [1] Financial Performance - The company achieved total operating revenue of 9.068 billion yuan, representing a year-on-year increase of 0.21% [1] - The net profit attributable to shareholders reached 2 billion yuan, with a year-on-year growth of 0.41% [1] Business Segments - The increase in business volume in water supply, wastewater treatment, and sludge disposal was attributed to the commissioning of new projects and rising business demand [1] - The construction sector's downturn negatively impacted the company's supply and drainage pipeline engineering business, leading to a contraction in this segment [1] Credit and Receivables - The company's accounts receivable grew in line with the expanded business scale, resulting in an increase in credit impairment losses for the period, which had a certain impact on current profits [1]