Core Viewpoint - The company reported a revenue of HKD 27.521 billion for the year ending December 31, 2025, representing a 9% year-on-year decrease, while the profit attributable to equity holders increased by 16% to HKD 3.925 billion, with a proposed final dividend of HKD 0.12 per share [3]. Group 1: Technological Innovation - The company focused on "technological innovation" throughout its value chain, establishing a comprehensive institutional support system for research and development [4]. - Significant progress was made in key research areas, including the development of a 100 tons/day waste carbonization process and a collaborative treatment process for fly ash [4]. - The company achieved breakthroughs in energy-saving technologies and the application of information technology, including the efficient production of biogas from waste incineration [4]. Group 2: International Expansion - The company accelerated its "internationalization" efforts, successfully establishing two waste-to-energy projects in Uzbekistan and expanding its presence in markets such as Egypt, Thailand, and Malaysia [5]. - The overseas sales contract amount reached a new high, indicating a mature model for technology and service exports [5]. - The company transitioned its overseas expansion strategy from "project-driven" to "regional deep cultivation" by setting up representative offices in Vietnam, Indonesia, and Central Asia [5]. Group 3: Ecological Development - The company deepened its "ecological" development approach, focusing on building a multi-layered and open collaborative industrial ecosystem [6]. - It expanded its service offerings in waste-to-energy and biogas supply, while also developing market-oriented technologies and products for battery recycling [6]. - The company actively participated in high-level international exchanges to enhance its global brand influence in the environmental sector [6].