Group 1: Financial Performance - The company achieved a revenue of 1.637 billion CNY in the first half of 2025, representing a decline of 14.08% compared to the previous period, primarily due to a decrease in engineering business revenue [2] - The company reported a net profit of 2.62 million CNY from its subsidiary BIOVAC in Norway during the reporting period [3] - The company’s operating income from water services reached 1.189 billion CNY in the first half of 2025 [8] Group 2: Business Development - In the first half of 2025, the company secured new environmental engineering orders worth 275 million CNY and a new integrated drainage investment project in Feidong valued at 600 million CNY [4] - The company has established a presence in overseas markets, including partnerships for wastewater treatment projects in Ethiopia and operations through its wholly-owned subsidiary BIOVAC in Norway [3] Group 3: Financial Health - As of June 30, 2025, the company's asset-liability ratio stood at 71.28%, which is influenced by different business models and financial strategies within the industry [5] - The company reported a slight improvement in operating cash flow and a minor decrease in the asset-liability ratio compared to the previous year [6]