Group 1 - The core focus of the investor relations activity was on the company's business development plans, project operations, accounts receivable, pricing adjustment procedures, and dividend policies [1] - The company is pursuing a dual strategy of "internal growth and external expansion" in its water and environmental protection business, aiming to enhance resource integration and explore new markets [1] - The company plans to align its strategies with national and local development plans, seeking to establish a "second growth curve" [1] Group 2 - As of now, the company has operational and ongoing water supply projects with a total scale of approximately 4.3 million tons per day, and sewage treatment projects exceeding 4.8 million tons per day [2] - The company is actively collecting accounts receivable in response to the expansion of its business scale, adapting to local payment policies [3] - The company will consider increasing its dividend levels in the future once capital expenditures decrease and free cash flow becomes abundant, aiming for a scientific, stable, and sustainable profit distribution mechanism [3]