Group 1: Company Overview - The Huai'an Water Conservancy Survey and Design Institute Co., Ltd. was established by merging the original Huai'an Water Conservancy Survey and Design Institute and the Huai'an Water Conservancy Engineering Survey Institute [1] - The company is recognized as a significant player in China's water conservancy design sector, holding five national Class A qualifications and multiple Class B qualifications in various engineering fields [1] - In 2024, the company achieved a revenue of 9.92 billion yuan and a net profit of 650.46 million yuan [1][2] Group 2: Financial Performance - For the first four months of 2025, the company reported a revenue of 1.83 billion yuan and a net profit of 83.58 million yuan [1][2] - As of April 30, 2025, the total assets amounted to 10.61 billion yuan, with a net asset value of 4.2 billion yuan [1][2] - The company has been targeted for acquisition, indicating its status as a valuable asset in the market [2] Group 3: Management and Governance - The actual controller and chairman of Jingjin Equipment, Jiang Guiting, has been detained and is under investigation, but the company claims that this will not significantly impact its operations [3][4] - The board of directors and other senior management are continuing their duties normally, ensuring that corporate governance remains intact [3]