Financial Performance - In 2024, the company achieved an operating revenue of 9.049 billion yuan, a year-on-year increase of 11.90% [2] - The net profit attributable to shareholders was 1.996 billion yuan, with a growth of 8.28% [2] - In Q1 2025, the operating revenue reached 1.15 billion yuan, a year-on-year increase of 20.23% [2] - The net profit attributable to shareholders in Q1 2025 was 508 million yuan, growing by 11.19% [2] - The net cash flow from operating activities in Q1 2025 was 115 million yuan, a significant increase of 526.47% [2] Strategic Goals for 2025 - The company aims to expand its main business and enhance project construction to improve industry scale and development momentum [3] - Focus on technological innovation and resource integration to enhance core competitiveness [3] - Continue to promote standardized and digital transformation to improve operational efficiency [3] Market Expansion Plans - The company will deepen its focus on the local market in Chengdu while exploring opportunities in other regions [3] - Plans to enhance the market share of recycled water and promote the "waste-free city" concept [3] Environmental and Social Responsibility - The company is committed to sustainable development and improving resource utilization efficiency [5] - It aims to support rural revitalization and fulfill social responsibilities through various initiatives [5] Future Growth Drivers - The company will optimize resource allocation and enhance management to improve profitability [4] - Focus on expanding into niche markets such as direct drinking water and kitchen waste disposal [4] - Emphasis on technology innovation and collaboration with academic institutions to boost R&D capabilities [4] Investment and Capital Expenditure - Planned projects for 2025 include a kitchen waste disposal plant with a capacity of 100 tons/day and a sewage treatment plant with a capacity of 800 tons/day [5] - Future investment expenditures are expected to maintain an average level over the next 1-2 years [6] Industry Outlook - The water and environmental protection industry is expected to maintain stable long-term growth, with increasing market demand and regulatory pressures [4] - The company is focusing on enhancing operational management through professional and detailed approaches [4]

Group 1: Water Supply Business - The company can submit water price adjustment applications to the government based on national policies and agreements, following necessary procedures such as cost audits and public hearings [2] - Water price adjustments are linked to changes in upstream resource prices and water conservancy project prices [2] Group 2: Accounts Receivable Management - As of the end of 2024, the company's accounts receivable balance was approximately 40 million yuan, reflecting an increase due to market expansion [3] - The company emphasizes accounts receivable management and has integrated collection efforts into performance assessments [3] - National policies promoting debt reduction are expected to positively impact the water and environmental protection industry [3] Group 3: Business Expansion - The company focuses on becoming a national water and environmental service provider, expanding both vertically and horizontally along the business chain [3] - It aims to deepen its market presence in Chengdu and surrounding areas while actively integrating quality resources nationwide [3] Group 4: Capital Expenditure and Dividends - Recent capital expenditures have been significant due to multiple water supply and waste projects, with expected reductions as these projects become operational [3] - The cash dividend ratio was approximately 20% in 2021 and 2022, increased to 27% in 2023, and projected to reach 28% in 2024 [3]

证券代码：300070 证券简称：碧水源 北京碧水源科技股份有限公司投资者关系活动记录表 编号：2025-003 | | 特定对象调研 媒体采访 | 分析师会议 ■业绩说明会 | | --- | --- | --- | | 投资者关系活动类别 | 新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他（年度股东大会） | | | 参会人员 | 投资者网上提问 | | | 时间 | 2025 年 4 月 28 日 (周一) 15:00-17:00 | | | 地点 | 北京 | | | | 1、党委书记、董事长、总裁黄江龙 | | | | 2、党委委员、董事、财务总监张龙 | | | 上市公司接待人员 | 3、独立董事王月永 | | | | 4、党委委员、轮值总裁陈春生 | | | | 5、党委委员、高级副总裁、董事会秘书张兴 | | | | 问：2024 年公司有哪些亮眼的成绩，请简要介绍一下？ | | | | 答：您好，公司深入践行国家生态文明战略，不断发挥膜技术专业优势， | | | | 积极融入美丽中国、海洋强国等国家战略。落实黄河流域大保护战略，继太原 | | | | 中北 ...