Core Viewpoint - The release of the "Guidelines for Water Culture Construction of Water Conservancy Projects" marks a significant step in standardizing water culture practices in the Yellow River basin, providing a systematic framework for water culture construction in Henan Province [1][2] Group 1: Guidelines Overview - The guidelines cover seven aspects: overall principles, current status investigation and data collection, content exploration and spatial layout, water culture construction of hydraulic structures, water culture construction of facilities, cultural activities and brand building, and operational management [1] - Specific layout requirements are provided for point, line, and area projects, including hydraulic hubs, river management, and irrigation areas [1] Group 2: Cultural Integration and Management - The guidelines emphasize the integration of functional and cultural aspects of water conservancy projects, promoting a deep fusion of cultural connotations and local characteristics [1] - Investment in water culture construction can be included in the corresponding project investment, as clarified in the operational management section of the guidelines [1] Group 3: Institutional Framework - The guidelines are part of a broader effort by the Yellow River Water Resources Commission to enhance the institutional standard system for Yellow River water culture, including previous documents like the "Guidelines for the Integration of Yellow River Engineering and Culture" [2] - The guidelines provide a technical pathway for incorporating water culture elements into the planning, design, construction, and management of water conservancy projects in Henan Province and the Yellow River basin [2]

Meeting Details - The meeting is scheduled for July 11, 2025, at 9:30 AM in Hangzhou, Zhejiang Province [1] - Voting will be conducted through a combination of on-site and online methods [1][3] - Online voting will be available on the Shanghai Stock Exchange platform from 9:15 AM to 3:00 PM on the same day [1] Meeting Guidelines - The meeting will adhere to relevant laws and regulations, ensuring orderly conduct [2] - Attendees must bring valid identification and registration documents for entry [2] - Registration will close at 9:30 AM, and latecomers will not be allowed to vote [2] - Personal recording devices are prohibited during the meeting [2] Voting Process - Shareholders can choose either on-site or online voting, but not both; the first vote will be considered valid in case of duplication [3] - Voting will be conducted by a designated team including company lawyers and shareholder representatives [3] Agenda Items - Proposal to change certain board members, specifically recommending Mr. Wang Dongquan as a non-independent director [4] - Mr. Wang Dongquan's qualifications include extensive experience in water management and engineering [4][6] - Proposal to reappoint ShineWing Certified Public Accountants as the auditing firm for the fiscal year 2025, with a total fee of 960,000 yuan [7] - The breakdown of the audit fees includes 600,000 yuan for annual report audit, 250,000 yuan for internal control audit, and additional fees for quarterly reviews and tax services [7][10]

Core Viewpoint - The increasing frequency and intensity of extreme weather events pose significant challenges for flood and drought prevention, necessitating the establishment of a robust national water security barrier [4][5]. Group 1: River Protection and Governance - The recently published "Opinions on Comprehensive Promotion of River Protection and Governance" outlines a strategic framework for river management in China, emphasizing integrated protection and systematic governance from river sources to estuaries [2][4]. - By 2035, the goal is to have a modernized flood prevention and disaster reduction system in place, significantly enhancing flood safety capabilities and improving water resource utilization [2][4]. Group 2: Flood and Drought Disaster Prevention - The "Opinions" detail 24 measures across six areas, including ensuring river safety, enhancing water resource conservation, and improving river ecological protection [4][5]. - As of July 4, 2023, 329 rivers have experienced floods exceeding warning levels, highlighting the urgent need for improved flood and drought management systems [4][5]. Group 3: National Water Network Construction - The construction of a national water network is a critical component of river protection governance, with significant projects underway to enhance water resource allocation and flood control capabilities [6]. - Major water diversion projects have been completed, adding an annual water diversion capacity of 124.8 billion cubic meters and enhancing flood control storage by 26.6 billion cubic meters [6]. Group 4: Investment and Policy Support - The National Development and Reform Commission has revised investment support policies for the water sector, increasing central investment support by an average of 20 percentage points for various water projects [7]. - The focus is on accelerating the construction of major water projects, ensuring quality management, and promoting long-term benefits from these investments [7].

Core Viewpoint - The Chinese government is accelerating the construction of major water conservancy projects, with a focus on modernization and infrastructure improvements in various regions [1] Group 1: Project Planning - The National Development and Reform Commission (NDRC) and the Ministry of Water Resources have issued an implementation plan for the "two major" construction in the water sector, emphasizing the modernization of large irrigation areas such as Inner Mongolia's Hetao and Sichuan's Xiangjiaba Phase II [1] - Key projects include the construction of large and medium-sized reservoirs like Guangdong's Huangmaoxia and major flood control infrastructure in the Yangtze River Basin, particularly in the Dongting Lake area [1] Group 2: Financial Support - The average central investment support ratio has increased by approximately 20 percentage points, expanding the support scope to include new medium-sized irrigation areas and water diversion projects [1] - The central investment support ratio for medium-sized projects has been raised to the same level as that for large projects, indicating a significant boost in funding for these initiatives [1] Group 3: Institutional Development - The NDRC and the Ministry of Water Resources will ensure the integration of flood control projects with upstream and downstream connections, as well as the coordination between irrigation projects and high-standard farmland construction [1] - The focus is on enhancing the comprehensive benefits of major infrastructure projects through better connectivity and collaboration among various engineering components [1]

国家发展改革委农村经济司负责人关锡璠在国新办新闻发布会上表示，在资金支持方面，国家发展改革 委修订了水利领域中央投资支持政策，明确了超长期特别国债和中央预算内投资的各自支持领域。中央 投资支持比例平均提高约20个百分点，支持范围扩展到新建中型灌区、中型引调水等工程类型，并将中 型工程的中央投资支持比例提高到大型工程的同等水平。截至6月底，国家发展改革委已将水利领域年 度中央投资全部下达完毕。(人民财讯) ...

Core Insights - The National Development and Reform Commission (NDRC) has allocated over 300 billion yuan to support the third batch of "two重" construction projects for 2025, completing the annual allocation of 800 billion yuan for "two重" projects [1][2] - The "two重" projects focus on both "hard investment" and "soft construction," targeting key areas such as ecological restoration, major transportation infrastructure, and urban underground pipeline networks [1][2][3] - The 2025 government work report emphasizes a shift in infrastructure investment towards strategic and forward-looking sectors, including future industry development and low-altitude economy [2][3] Hard Investment - A total of 800 billion yuan has been allocated for 1,459 projects in 2025, covering areas like ecological restoration along the Yangtze River, high-standard farmland, and major water conservancy projects [1][2] - The "three北" project, which focuses on afforestation in the northern regions of China, is included in the "two重" construction, with a target of completing 600 million mu by 2030 [3] Soft Construction - The NDRC plans to introduce innovative reform measures in key areas, such as optimizing financing models for railways along the Yangtze River and improving urban underground pipeline management [1][2] - The government aims to enhance the adaptability of talent cultivation to meet economic and social development needs [1][2] Economic Impact - The "two重" construction is seen as a crucial driver for stabilizing economic growth amid increasing downward pressure, with significant investments expected to boost consumption and employment [3][5] - In the first five months of the year, net financing from government bonds reached 6.3 trillion yuan, indicating strong financial support for "two重" projects [5] Project Progress - Nearly 500 billion yuan of the 800 billion yuan "two重" construction projects were arranged by mid-June, with rapid progress in ecological restoration and pollution control projects [4][5] - Key infrastructure projects, such as the Huangbai Railway in the western land-sea new channel, are advancing, enhancing economic connections in the region [4] Policy Coordination - The NDRC emphasizes the need for coordinated fiscal and monetary policies to support "two重" projects, with a focus on opening competitive infrastructure sectors to private capital [5][6] - The collaboration between policy funding and market vitality is expected to drive the implementation of national strategies and enhance security capabilities [7]

Group 1 - The core objective of the recent policy document is to enhance flood prevention and disaster reduction capabilities by 2035, establishing a modernized flood control system and improving water resource utilization [1][2] - The policy emphasizes the need for a comprehensive flood control engineering system, including reservoirs, river channels, and flood retention areas, to be developed and managed effectively [1][2] - The document outlines the importance of urban planning and infrastructure development that accommodates flood drainage and retention, as well as the gradual implementation of flood insurance in high-risk areas [1] Group 2 - To enhance water supply security, the policy calls for accelerated construction of key water source projects and improvements to urban water supply networks [2] - The document advocates for the integrated management of water resources, including the development of hydropower bases in the southwest and the promotion of green upgrades for small hydropower stations [2] - It emphasizes the need for ecological restoration of rivers and lakes, with specific strategies tailored to the unique challenges faced by northern and southern regions [2] Group 3 - The policy aims to reform the water industry by promoting independent operations in natural monopoly sectors and market-oriented reforms in competitive areas [3] - It highlights the importance of water rights reform and the establishment of a sound water pricing mechanism, along with the implementation of tax policies related to water resource fees [3] - The document stresses the need for improved investment mechanisms in major water projects, enhancing government investment to attract social investment, and broadening financing channels [3]

Core Insights - The completion of the main structure of the Shartohai Water Conservancy Hub Phase II project, constructed by China Energy Engineering Group, marks a significant milestone for this multi-functional water conservancy project, which is crucial for irrigation, flood control, and future power generation [1] - The project is located in Jinghe County, Bortala Mongol Autonomous Prefecture, Xinjiang, and aims to enhance water resource allocation in the region [1] Group 1 - The Phase II project will increase the total reservoir capacity from 9.98 million cubic meters to 21.93 million cubic meters, effectively doubling the water storage capacity, which is equivalent to one West Lake [1] - The dam's top elevation will be 620.5 meters, with a normal water level of 618 meters and a design flood level of 617.92 meters, significantly improving flood control capabilities [1] - The project is part of the dual key initiatives outlined in the "14th Five-Year Plan" for water security in the Yellow River Basin and Xinjiang, ensuring robust ecological safety and public welfare in the region [1] Group 2 - Once completed, the Shartohai Water Conservancy Hub Phase II will effectively irrigate 208,500 acres of farmland, addressing seasonal water shortages in the Dahuai irrigation area and enhancing irrigation reliability [2] - The project is expected to provide a strong impetus for the modernization of local agriculture, optimization of the ecological environment, and high-quality economic and social development [2]

Group 1 - The project marks the commencement of the underground tunnel excavation phase for the Hangjia Lake South Drainage West Channel Expansion Project, with the first shield machine "Xianxing" successfully starting its operation [1] - The shield machine is approximately 90 meters long, weighs about 2500 tons, and has a diameter of 12.1 meters, designed to excavate a 5-kilometer underground tunnel [1] - The assembly of the shield machine involved over 12,000 components and was completed in 88 days, showcasing the efficiency of the municipal water group [1] Group 2 - The project aims to enhance flood control and drainage standards in the western region of Hangzhou from a 20-year to a 50-year occurrence level [2] - The construction includes multiple water inlets and a Y-shaped underground drainage channel, which is 29 kilometers long and buried 55 meters underground [2] - The drainage capacity is designed at 250 cubic meters per second, with a backup capacity of 300 cubic meters per second [2]

Core Viewpoint - The article highlights the successful operation and management of the Henan Province's constant pressure irrigation project in Jiajian County, which has been in service for 26 years, showcasing its significant contributions to agricultural productivity and water conservation [1][2][3]. Group 1: Project Overview - The constant pressure irrigation project was established in 1984, designed to irrigate 6,397 acres, and has since expanded its irrigated area to 102,000 acres with ongoing projects [5]. - The project has saved 40 million cubic meters of water and increased grain production by 90 million jin, yielding a comprehensive economic benefit of 420 million yuan, which is over 270 times the initial investment [1][5]. - The project utilizes advanced irrigation techniques, achieving a high irrigation water utilization coefficient of 0.88, and has transitioned from traditional irrigation methods to more efficient micro-spray and drip irrigation systems [7][8]. Group 2: Management and Maintenance - Effective management has been a key factor in the project's longevity, with a dedicated management team established during the project's design phase, ensuring maintenance and operational efficiency [3][6]. - The project faced challenges such as aging infrastructure and funding shortages, but proactive maintenance and community involvement have helped sustain its operations [3][6]. - The establishment of the Farmers' Water Users Association has empowered local farmers to participate in water management, enhancing the project's sustainability and efficiency [8]. Group 3: Economic and Social Impact - The irrigation project has significantly boosted local agricultural productivity, with crop yields increasing by 150 kilograms per mu for wheat and substantial income growth for farmers [6][7]. - The project has also improved local environmental conditions, demonstrating a successful integration of agricultural, ecological, and community needs [5][7]. - The use of modern technology and community engagement has led to better water management practices, ensuring that the benefits of the irrigation project are maximized for local farmers [8].