Core Viewpoint - The company, Chuangye Environmental Protection, announced an investment of approximately 598.32 million yuan for the construction of the second phase of the Xianyang Road sewage treatment plant relocation project, which is significant for expanding its environmental business in the Tianjin area [1] Investment Details - The project will be funded through the company's own funds and bank loans [1] - The design capacity of the sewage treatment plant is 150,000 cubic meters per day [1] - The treatment process will utilize "Bardenpho biological reaction pool + MBR membrane workshop" technology [1] Regulatory Compliance - The effluent standards will adhere to Tianjin's local standard "Pollutant Discharge Standards for Urban Sewage Treatment Plants" (DB12/599-2015) A standard [1] Project Timeline - The construction period is expected to last 24 months [1] - The end date for the concession operation will align with the "Concession Agreement for Four Sewage Treatment Plants in Central Tianjin" [1] Strategic Importance - This project is crucial for the company to enhance its market presence in the Tianjin environmental sector, increase regional influence, and boost the scale of its main business [1]

Core Viewpoint - The company, Wangneng Environment, has signed a supplementary agreement for kitchen waste treatment services with the Dazhu County government, which will enhance its capabilities in solid waste management [1] Group 1: Agreement Details - The agreement was signed on September 11, 2025, between Zhejiang Wangneng Environmental Co., Ltd. and the Dazhu County government [1] - The project will be executed by a newly established subsidiary, Zhejiang Wangneng Ecological Technology Co., Ltd., which will handle financing, design, construction, operation, and maintenance of the kitchen waste treatment project [1] - The service fee for kitchen waste collection and treatment is set at 240 yuan per ton [1] Group 2: Strategic Implications - The signing of this agreement aligns with the company's strategic business planning and is expected to enhance its scale in kitchen waste treatment [1] - The project will strengthen the company's overall capabilities in the solid waste management sector [1] - While the project is not expected to have a significant impact on the company's operating performance in 2025, it is anticipated to positively influence future business development and performance [1]

Core Viewpoint - The company, Chengfa Environment, is divesting its wholly-owned subsidiary, Henan Walkman Construction Engineering Co., Ltd., to focus on its core businesses in environmental protection and highway operations, optimizing resource allocation and aligning with its long-term strategic goals [1][2]. Group 1: Divestment Details - Chengfa Environment plans to transfer 100% equity of Walkman through a public listing, with the base price determined by an asset assessment [1]. - The divestment is driven by reduced internal construction needs due to the stabilization of waste-to-energy projects and challenges in market expansion [1]. - The proceeds from the sale will be used for acquiring quality projects in the environmental sector, supporting the company's strategic development [1]. Group 2: Financial Performance - In the first half of 2025, Chengfa Environment reported revenue of 32.16 billion, a year-on-year increase of 11.25%, and a net profit of 5.89 billion, up 20.15% [2]. - The environmental business generated revenue of 24.54 billion, reflecting a 14.58% increase, accounting for 76.31% of total revenue [2]. - The company attributes its performance growth to acquisitions, operational improvements, cost reductions, and enhanced efficiency [2]. Group 3: Operational Highlights - The company’s core highway assets include several key highways in Henan province, with a total operational mileage of 255.36 kilometers, contributing stable cash flow [3]. - Chengfa Environment is expanding its overseas market presence, focusing on strategic regions such as Central Asia and Eastern Europe, with projects like the Hungary initiative underway [3].