Core Viewpoint - The initiation of the "Yin-Da-Ji-Min" project marks a significant milestone in China's water resource management, aimed at addressing water scarcity in the Chengdu Plain Economic Zone and supporting high-quality development in the Chengdu-Chongqing economic circle [1] Group 1: Project Overview - The "Yin-Da-Ji-Min" project is included in the National Water Network Construction Planning Outline and the Chengdu-Chongqing Economic Circle Construction Planning Outline, highlighting its national importance [1] - This project is recognized as the largest investment, longest route, and most extensive beneficiary cross-basin water diversion project in the history of Sichuan's water conservancy [1] Group 2: Strategic Significance - The construction of the project is expected to alleviate the "water bottleneck" in the Chengdu Plain Economic Zone, injecting vital water resources to enhance economic activities [1] - It plays a crucial role in establishing a higher-level "Tianfu Granary" and supports the high-quality development of the Chengdu-Chongqing economic circle, indicating its strategic importance for regional growth [1]

Core Insights - Qianjiang Water Conservancy reported a revenue of 1.679 billion yuan, a year-on-year increase of 7.35%, and a net profit of 184 million yuan, up 11.16% [1] Business Overview - The company has established a comprehensive industrial chain covering "raw water - water transmission - water treatment - municipal water supply - sewage treatment - sludge disposal - water-related chemicals" with five distinct business segments, maintaining a leading competitive position in Zhejiang Province [1] - Qianjiang Water Conservancy operates a wide network with 20 subsidiaries, 6 branch offices, and 6 associated companies, managing over 40 water plants, 17 sewage treatment plants, and 3 water transmission pipelines, with a water treatment capacity exceeding 3.9 million tons per day and an annual water treatment volume surpassing 700 million tons [1] Project Development - The company is advancing major projects to support future capacity release, with significant progress on key projects such as the Daibei Water Plant and the Xiazhi Town seawater desalination project, both over 80% complete [2] - As of June 2025, 350 million yuan of the 581 million yuan raised through a targeted stock issuance has been invested, with a focus on seven core projects, including the Yongkang City sewage treatment plant [2] Strategic Direction - Qianjiang Water Conservancy is shifting its core competitiveness from "scale advantage" to "technology + efficiency advantage," integrating AI technology in smart water management, which has significantly improved process control efficiency and reduced energy costs [3] - The company aligns with national policies on water resource management and aims to expand its national footprint while enhancing its core water service capabilities, focusing on smart water management and comprehensive water environment governance [3] Future Outlook - With a robust industrial chain, ongoing project reserves, deepening digital transformation, and alignment with policy directions, Qianjiang Water Conservancy is expected to continue expanding its competitive advantage in the water industry, providing long-term stable returns for shareholders [4]

Core Insights - The article highlights the significant achievements in China's water conservancy development during the "14th Five-Year Plan" period, emphasizing improvements in flood control, water supply, food security, and ecological safety [2][3]. Investment and Infrastructure - Water conservancy investment has reached a historical high, with over 1 trillion yuan invested annually for three consecutive years, totaling 13,529 billion yuan in 2024, which is 1.6 times that of the previous five-year plan [3]. - By the end of 2024, China will have built 95,000 reservoirs, 200 major water diversion projects, and 31.8 million kilometers of embankments, establishing the world's largest and most comprehensive water conservancy infrastructure system [3]. Disaster Management and Response - The proportion of flood disaster losses to GDP has decreased from 0.28% during the "13th Five-Year Plan" to 0.18% during the current plan [3]. - The capacity for flood control in reservoirs is 185.6 billion cubic meters, protecting 660 million people, and the country has effectively managed severe droughts in major river basins [3]. Water Resource Management - The total water usage has achieved zero growth despite significant economic growth, with water usage per unit of GDP and industrial output decreasing by 17.7% and 23.6% respectively compared to 2020 [5]. - The area of effective irrigation has increased to 6.38 million acres, with unconventional water usage reaching 25.1 billion cubic meters [5]. Agricultural Support - Modern irrigation districts have been developed to enhance grain production, with significant investments in water source projects and irrigation area improvements [6]. - The area of irrigated farmland is expected to reach 109 million acres by the end of the "14th Five-Year Plan" [5]. Rural Water Supply - The rural water supply standardization model aims for a 96% coverage rate of tap water in rural areas by the end of the current plan [7]. Ecological Restoration - The area affected by soil erosion in the Loess Plateau has been reduced by over half, with significant improvements in river and lake ecosystems [8][9]. - The implementation of the "Mother River Revival Action" has led to the restoration of several historically significant rivers, with a focus on ecological flow standards [8].

Core Insights - The Chinese government has made significant progress in water conservancy development during the "14th Five-Year Plan" period, enhancing flood safety, water supply security, food security, and ecological safety [4][5]. Investment and Infrastructure - Water conservancy construction investment has exceeded 1 trillion yuan for three consecutive years, reaching a historical high of 1.3529 trillion yuan in 2024, with a total expected investment of 5.4 trillion yuan during the "14th Five-Year Plan," which is 1.6 times that of the "13th Five-Year Plan" [5]. - A total of 172 major water conservancy projects have commenced since the beginning of the "14th Five-Year Plan," with 95,000 reservoirs, 200 large and medium-sized water diversion projects, and 6,924 large and medium-sized irrigation areas completed by the end of 2024 [5]. Disaster Management and Water Resource Allocation - The proportion of flood disaster losses to GDP has decreased from 0.28% during the "13th Five-Year Plan" to 0.18% during the "14th Five-Year Plan" [5]. - The national water network coverage is expected to reach 80.3% by the end of this year, with significant projects like the South-to-North Water Diversion and other major water diversion projects enhancing water resource allocation [6]. Water Conservation and Efficiency - Water resource utilization has improved, achieving zero growth in total water consumption despite economic growth, with water usage per unit of GDP and industrial output decreasing by 17.7% and 23.6% respectively compared to 2020 [7]. - The area of effective irrigation has increased to 6.38 million hectares, with unconventional water utilization reaching 25.1 billion cubic meters [7]. Agricultural Support and Rural Water Supply - The government has focused on modernizing irrigation systems and ensuring rural water supply, with a target of 96% for rural tap water coverage by the end of the "14th Five-Year Plan" [8]. - The construction of 30 major water diversion and key water source projects has been prioritized to support food production in major grain-producing areas [8]. Ecological Restoration and Soil Conservation - The area affected by soil erosion in the Loess Plateau has been reduced by over half, with significant measures taken to improve vegetation and soil conservation [11]. - The ecological environment of rivers and lakes has improved, with a focus on restoring flow in historically dried rivers and enhancing ecological water flow standards [10].

Core Insights - The Chinese government has made significant progress in water resources management and infrastructure development during the "14th Five-Year Plan" period, focusing on flood control, water supply, food security, and ecological safety [1][2]. Investment and Infrastructure Development - Water infrastructure investment has exceeded 1 trillion yuan for three consecutive years, reaching a historical high of 1.3529 trillion yuan in 2024, with a total expected investment of 5.4 trillion yuan during the "14th Five-Year Plan," which is 1.6 times that of the previous five-year period [2]. - A total of 172 major water conservancy projects have commenced since the beginning of the "14th Five-Year Plan," with 95,000 reservoirs, 200 large and medium-sized water diversion projects, and 31,800 kilometers of embankments constructed by the end of 2024 [2]. Flood and Drought Management - The proportion of flood disaster losses to GDP has decreased from 0.28% during the "13th Five-Year Plan" to 0.18% during the current period, with flood control capacity significantly enhanced [2]. - The water storage capacity of reservoirs is 185.6 billion cubic meters, protecting 660 million people, and the country has effectively managed severe droughts in major river basins [2]. Water Resource Allocation - The national water network coverage is expected to reach 80.3% by the end of this year, with significant projects like the South-to-North Water Diversion and other major water diversion projects enhancing water resource allocation [3]. - The East and Middle Line of the South-to-North Water Diversion Project has delivered over 83 billion cubic meters of water, benefiting 195 million people in 48 major cities [3]. Water Conservation and Efficiency - Water usage has achieved zero growth despite economic expansion, with water efficiency improving significantly; water consumption per unit of GDP and industrial output has decreased by 17.7% and 23.6% respectively compared to 2020 [4]. - The area of water-saving irrigation has reached 63.8 million acres, with the effective utilization coefficient of irrigation water increasing to 0.58 [4]. Agricultural Support and Rural Water Supply - The government has focused on modernizing irrigation systems and enhancing agricultural water efficiency, with over 2 million acres of irrigation area restored or improved [5]. - Rural water supply initiatives aim for a 96% coverage rate of tap water by the end of the "14th Five-Year Plan," implementing standardized construction and management models [5]. Ecological Restoration - The ecological environment of rivers and lakes has improved, with a 98.6% compliance rate for ecological flow standards in key rivers and lakes [7]. - The area affected by soil erosion on the Loess Plateau has been reduced by over half, with significant investments in soil conservation measures [8].

Core Insights - The construction of China's national water network has made significant progress since the start of the 14th Five-Year Plan, with an expected coverage rate of 80.3% by the end of this year [1][2] Group 1: Water Resource Allocation - The "South-North Water Diversion" project has transferred over 83 billion cubic meters of water, benefiting 195 million people in 48 major cities along the route [1] - The water transfer capacity of the South-North water diversion channels has reached 81.9 billion cubic meters, while the East-West diversion channels have a capacity of 73.4 billion cubic meters [1] Group 2: Major Projects and Investments - Since the beginning of the 14th Five-Year Plan, 15 major water diversion projects have been initiated, including the South-North Water Diversion Middle Line and the Jiangsu-Hubei Water Diversion [1] - A total of 12 major water diversion projects have been completed, with 34 out of 40 planned key water transfer channels either built or under construction [1] - Investment in water conservancy construction is projected to exceed 5.4 trillion yuan during the 14th Five-Year Plan, which is 1.6 times that of the 13th Five-Year Plan [2]

Core Insights - The Chinese government has made significant progress in water conservancy infrastructure during the "14th Five-Year Plan" period, with investments expected to exceed 5.4 trillion yuan, which is 1.6 times that of the "13th Five-Year Plan" [1][2][3] Investment and Infrastructure Development - In 2022, water conservancy construction investments surpassed 1 trillion yuan for the first time and have broken historical records for three consecutive years, with an expected investment of 1.3529 trillion yuan in 2024 [1][2] - By the end of 2023, the national water network coverage rate is projected to reach 80.3% [1][2] Optimization of Water Resource Management - The water conservancy department has focused on optimizing layout, structure, function, and system integration, achieving important progress in major water resource allocation projects [2][3] - Key projects include the South-to-North Water Diversion and Pearl River Delta water resource allocation, which have been completed and are operational [2][3] Enhancements in Agricultural Water Security - The water conservancy department has implemented measures to enhance food security through modern irrigation systems, with 30 major water source projects and 191 new irrigation areas established in key grain-producing regions [6][7] - The modernization of 1,959 medium and large irrigation areas has increased the irrigated area by over 49 million mu by the end of 2024, with over 80% of grain production coming from irrigated land [6][7] Disaster Mitigation and Efficiency Improvements - The department has adopted precise measures to mitigate the impact of droughts and floods on agricultural production, ensuring the stability of crop yields [6][7] - By the end of 2024, the area of water-saving irrigation is expected to reach 63.8 million mu, a 12.5% increase from the end of the "13th Five-Year Plan," with a reduction in average water usage per mu [6][7]

Core Points - The national water network construction has achieved significant results since the "14th Five-Year Plan," with an expected coverage rate of 80.3% by the end of this year [1][2] Group 1: Construction Achievements - The water resources allocation pattern of "south-north transfer and east-west mutual assistance" is accelerating [1] - A total of 15 major water diversion projects have commenced, including the South-to-North Water Diversion Middle Line [1] - 2,150 irrigation areas have been newly built or renovated, and 73,500 rural water supply projects have been completed [1] Group 2: Water Supply and Management - The South-to-North Water Diversion East and Middle Line Project has transferred over 83 billion cubic meters of water, providing stable and high-quality water sources for 195 million people in 48 large and medium-sized cities along the route [2] - The overall water resource allocation and supply guarantee capacity has been significantly enhanced, with the south-north water transfer capacity reaching 81.9 billion cubic meters and the east-west transfer capacity reaching 73.4 billion cubic meters [2] Group 3: Digitalization and Integration - The construction and operation management of the water network are being accelerated through the development of a digital twin water network, enhancing the digital, networked, and intelligent levels of water network engineering [2]

Core Viewpoint - The press conference highlighted the achievements in high-quality water conservancy development during the "14th Five-Year Plan" period, emphasizing significant investments and infrastructure improvements in China's water management system [1][4]. Investment and Infrastructure Development - Water conservancy construction investment reached over 1 trillion yuan in 2022, marking a historical record, with projections of 13.529 billion yuan in 2024 and a total investment exceeding 5.4 trillion yuan during the "14th Five-Year Plan," which is 1.6 times that of the "13th Five-Year Plan" [1]. - A total of 172 major water conservancy projects were initiated, with the completion of 95,000 reservoirs, 200 large and medium-sized water diversion projects, and 31,800 kilometers of embankments by the end of 2024 [1][4]. Water Resource Utilization - The capacity for water resource conservation and utilization has improved, with the national water network coverage expected to reach 80.3% by the end of 2024, and irrigated farmland area reaching 1.09 billion acres [1][5]. - The South-to-North Water Diversion Project's East and Middle Line has transferred over 83 billion cubic meters of water, benefiting 195 million people in 48 large and medium-sized cities [6]. Structural and Functional Optimization - The water conservancy sector has focused on optimizing layout, structure, function, and system integration, with significant progress in constructing major water diversion projects and enhancing water supply capabilities [5][6]. - The total water diversion capacity of north-south and east-west channels has reached 819 billion cubic meters and 734 billion cubic meters, respectively [6]. Agricultural Water Security - The water conservancy department has implemented measures to enhance food security, including the development of modern irrigation districts and the modernization of 1,959 large and medium-sized irrigation districts, increasing irrigated area by over 20 million acres [7]. - In response to droughts, targeted actions were taken to ensure water supply for crops, with 62 billion cubic meters of water released to support 18.3 million acres of autumn crops during severe droughts in 2022 [7][8]. Water Efficiency Improvement - By the end of 2024, the area of water-saving irrigation is expected to reach 63.8 million acres, a 12.5% increase from the end of the "13th Five-Year Plan," with a reduction in average water usage per acre [8].

Core Viewpoint - The press conference highlighted the achievements in high-quality water conservancy development during the 14th Five-Year Plan period, emphasizing the significant improvements in water resource management and ecological restoration in China [1] Water Resource Development - A large number of water source, water diversion, and irrigation projects have been constructed, with the national water network coverage expected to reach 80.3% by the end of the 14th Five-Year Plan [1] - The irrigated area of arable land is projected to reach 1.09 billion acres, and the rural tap water coverage rate is anticipated to reach 96% [1] Economic and Agricultural Impact - Despite significant economic growth and continuous increases in grain production, the total water usage has achieved zero growth [1] - By 2024, the water consumption per ten thousand yuan of GDP and per ten thousand yuan of industrial added value is expected to decrease by 17.7% and 23.6% respectively compared to the end of the 13th Five-Year Plan [1] - The effective utilization coefficient of irrigation water in farmland has improved from 0.565 at the end of the 13th Five-Year Plan to 0.58 [1] Ecological Restoration - The "Mother River Revival Action" has been implemented, restoring several rivers that had been dry for decades, with a compliance rate of 98.6% for key river and lake ecological flow standards [1] - A total of 140,000 issues related to "disorderly occupation, mining, dumping, and construction" have been addressed, leading to significant changes in the appearance of rivers and lakes [1] - In the Haihe River basin, 30 previously dry rivers have resumed flow, and shallow and deep groundwater levels in the Beijing-Tianjin-Hebei region have risen by 3.29 meters and 7.67 meters respectively compared to the end of the 13th Five-Year Plan [1] - An additional 340,000 square kilometers of soil erosion control area is expected, with a soil conservation rate of 73% [1]