Core Viewpoint - Beijing Capital Eco-Environment Protection Group Co., Ltd. (referred to as "Capital Eco") successfully held its 2025 semi-annual performance briefing and the launch of its "Capital-CREATE®" technology products online, focusing on financial performance and future outlook [2] Financial Performance - In the first half of 2025, the company achieved operating revenue of 8.731 billion yuan and a net profit attributable to shareholders of 929 million yuan, representing a year-on-year increase of 0.8% [3] - The company's net profit excluding non-recurring items was 876 million yuan, up 5.3% year-on-year, indicating a steady growth trend [3] - The company reduced comprehensive costs of procurement categories by 23.01% and management expenses decreased by 115 million yuan, optimizing by 15.92% [3] - The overall financing cost decreased by 29 basis points, with total financial expenses down by 87 million yuan year-on-year [3] Cash Flow and Asset Management - The net cash flow from operating activities increased by 258 million yuan, a growth of 25.71%, indicating a positive trend in free cash flow [4] - The asset business achieved a net profit of 1.056 billion yuan, a year-on-year increase of 12.82%, with operational service revenue rising by 36% [5] Business Segments and Growth - The water treatment business achieved a supply volume of 736 million tons, with a year-on-year optimization of the sales-to-production ratio by 1.18 percentage points [6] - The solid waste business generated revenue of 1.016 billion yuan, a growth of 6.38%, with waste processing volume increasing by 6.77% [6] - The company signed new contracts worth 1.184 billion yuan, with 72.8% coming from light asset services and technology products [7] Strategic Collaborations - The company partnered with New Energy to utilize biogas from waste incineration for natural gas purification, promoting resource recycling [7] - Collaboration with North New Road and Bridge Group aims to explore comprehensive cooperation in ecological environment protection and green infrastructure in Xinjiang [7]