（文章来源：证券日报） 证券日报网12月10日讯中国天楹在12月10日回答调研者提问时表示，在环保业务板块，在环保业务板 块，公司依托垃圾焚烧发电、城乡环卫服务和环保装备制造三大压舱石，全面推进在运营项目的精细化 管理升级，通过智慧化运营和工艺优化实现能耗优化和效益提升；同时重点布局热电联产、协同处 置、"垃圾焚烧+IDC"合作等新业务模式，积极探索环保业务与数字经济的融合发展路径，培育新的利 润增长点。在此基础上，公司敏锐把握全球能源变革机遇，通过整合上下游资源，开辟集风光发电、综 合储能、绿氢、绿氨绿醇、RNG等氢基衍生物制备为一体的风光储氢氨醇产业集群发展路径，打造从 清洁能源生产到绿色化工产品的全产业链布局。 ...

Core Viewpoint - Donghua Engineering Technology participated in an online performance briefing to address investor inquiries regarding its financial results and business developments [1][2]. Group 1: Financial Performance - R&D expenses decreased by 29.25% year-on-year, but the company is expanding its lithium extraction from salt lakes and continues to invest in R&D in the new energy sector [3]. - The revenue from the environmental governance infrastructure sector declined by 36.93%, marking it as the only major business segment to experience a downturn. The company remains optimistic about this sector's long-term prospects and plans to allocate more resources to industrial environmental protection [4]. - The company reported a significant increase in overseas revenue by 2941.38%, with a 148.50% increase in revenue from the Northwest region. The chemical industry revenue grew by only 8.78% [7]. Group 2: Project Developments - The company is the EPC contractor and operator for the Zabuye Salt Lake lithium extraction project, working closely with the owner to meet production standards. The project faces challenges due to its high-altitude location and the need for tailored technical solutions [5]. - The company is focusing on green ammonia and green methanol projects, having formed a specialized team of over 50 people to advance research in this area and has signed multiple contracts [9]. Group 3: Cash Flow and Receivables - In the first half of 2025, the company saw an increase in revenue and net profit, but the net cash flow from operating activities dropped significantly by 78.46%. Accounts receivable rose to 1.152 billion yuan, a year-on-year increase of 27.84% [8]. Group 4: Shareholding and Competition - The lock-up period for shares subscribed by Shaanxi Coal and Chemical Industry Group will expire on December 5, 2025. The company has not received any information regarding share reductions from Shaanxi Coal, and both parties are engaged in strategic cooperation [6]. - Following the transfer of state-owned equity, the company's controlling shareholder has changed to China Chemical Engineering Corporation, and there is no competition with its controlling shareholder's business [10].