Core Insights - The company reported a revenue of 3.216 billion yuan for the first half of 2025, representing a year-on-year growth of 11.25% [2] - The net profit attributable to shareholders reached 58.9 million yuan, with a year-on-year increase of 20.15% [2] Revenue Growth Drivers - The growth in performance is attributed to the acquisition of the Aolande environmental project [2] - Digital management empowerment and refined operational competitions improved waste-to-energy generation and reduced consumption of various chemicals [2] - Adjustments in financing structure and technological upgrades led to a 9.44% decrease in financial expenses compared to the same period last year [2] - Accelerated collection of accounts receivable from waste-to-energy projects resulted in a 54% year-on-year increase in cash flow from operating activities [2] Environmental Business Performance - The environmental business generated revenue of 2.454 billion yuan, marking a year-on-year growth of 14.58% [2] - Environmental business revenue accounted for 76.31% of the company's total revenue [2] Emerging Business Developments - The company launched Henan Province's first digital recycling platform, Deda Recycling, establishing a network of 64 stores across 22 counties and cities in Henan [2] - The sorting center in Zhengzhou and the industrial park in Xuchang Yanling are successfully operational, forming a preliminary three-tier network of "county recycling points - sorting centers - industrial parks" [2] Water Supply and Drainage Asset Integration - The company is involved in the integration of water supply and drainage assets in Henan Province, with a current supply capacity of 1.8489 million tons [3] - The company has received 640,000 tons of water supply assets in Xinyang, and projects in Changyuan (80,000 tons/day sewage treatment) and Xixian (150,000 tons/day water supply) have been successfully launched [3] - Ongoing negotiations are taking place in cities such as Luoyang, Kaifeng, and Jiyuan [3]