Core Viewpoint - The company plans to invest 571 million yuan in the second phase of the Maoming Changqing cogeneration project and the construction of a supporting steam pipeline project, which is expected to enhance sales and profitability while meeting the steam demand of its key customer, Sinopec Maoming Branch [1][1][1] Investment Details - The total investment for the cogeneration project phase two is approximately 200 million yuan, while the supporting pipeline project will require about 371 million yuan [1][1] - The project aligns with national energy industry policies and is expected to have positive social benefits [1][1] Business Impact - The implementation of this project is anticipated to positively influence the company's future financial status and operational performance, although it will not significantly impact the company's performance in 2025 [1][1] - The company’s main business segments include biomass cogeneration, waste-to-energy, and centralized coal heating for industrial parks, focusing on electricity and heat production as well as biomass utilization [1][1]