Core Viewpoint - The company has disclosed its financial results for the third quarter of 2025, including the provision and reversal of impairment losses, and adjustments to project investments, reflecting its commitment to transparency and adherence to accounting standards [7][19][35]. Financial Reporting - The board and management have guaranteed the authenticity and completeness of the quarterly report, assuming legal responsibility for any misstatements [2][6]. - The third-quarter financial report has not been audited [3][9]. - The company reported a total impairment provision of 122.49 million yuan for accounts receivable, with reversals for contract assets and inventory amounting to 2.07 million yuan and 1.00 million yuan, respectively [8][11][12]. Impairment Provisions - The total impairment provision for the first three quarters of 2025 amounts to 120.00 million yuan, which will reduce the profit for the period by the same amount [15]. - The impairment provisions were made in accordance with relevant accounting standards to accurately reflect the company's asset status [16]. Project Investment Adjustments - The investment for the Zhengzhou Reclaimed Water Comprehensive Utilization Demonstration Project has been adjusted from approximately 8.39 million yuan to about 14.57 million yuan [19][20]. - The adjustments include changes in construction content and the addition of high-power charging equipment, aligning with market developments and policy guidance [20][21]. Governance and Compliance - The board and supervisory committee meetings were held to review and approve the financial reports and impairment provisions, ensuring compliance with legal and regulatory requirements [30][35].