Core Viewpoint - Yuan Da Environmental Protection (600292.SH) announced the establishment of a subsidiary to engage in flue gas treatment operations in collaboration with the State Power Investment Corporation's Qianzhang Power Plant, marking a significant step in expanding its market presence in Guangdong Province [1] Group 1 - The wholly-owned subsidiary, Chongqing Yuan Da Flue Gas Treatment Concession Company, plans to establish a branch to construct desulfurization and denitrification facilities for the Qianzhang Power Plant's 2×1000MW units [1] - The project aligns with Yuan Da Environmental Protection's development positioning and represents its first million coal-fired unit flue gas treatment concession project in Guangdong Province [1] - This initiative is expected to help the company expand its market in Guangdong and surrounding areas, providing long-term stable revenue and creating a new profit growth point [1]

Core Viewpoint - The company has signed a concession agreement for a kitchen waste treatment project in Luoyang, which is expected to enhance its future business development and operational performance despite not having a significant impact on the 2025 financial results [1] Group 1: Project Details - The concession agreement was signed between the company's subsidiary and the Luoyang Urban Management Bureau [1] - The project involves a service fee of 200 yuan per ton for kitchen waste treatment [1] - The estimated total investment for the project is 37.941 million yuan [1] - The concession period for the project is set for 15 years [1] Group 2: Capacity Expansion - The project will increase the kitchen waste treatment capacity by 200 tons per day [1] - The sewage treatment capacity will be expanded by 300 tons per day [1] - An expansion of the pre-treatment workshop is also included in the project [1] Group 3: Financial Impact - The project is not expected to have a significant impact on the company's operating performance in 2025 [1] - However, it is anticipated to have a positive effect on the company's future business development and operational performance [1]