2024年，北京市科学配置水资源，实施基于多目标的水资源精细化调度，开展永定河、潮白河、北运 河、泃河等重点流域生态补水，努力增加流量过程维持时间，连续四年实现了五大河流贯通入海，永定 河连续两年保持全年全线有水。全市地下水严重超采区全部清零，黑臭水体、劣Ⅴ类水体动态消除， 受"23·7"流域性特大洪水影响冲击的河道水生态系统也已逐渐恢复。3月至6月，全市有水河流118条， 有水河长2910.18公里，同比增加23.05公里，有水河长占比45.3%。全市425条河流、50个湖泊及80座水 库水面面积总计416.4201平方公里。 "水下森林"逐步形成 报告显示，北京主要河流水生态系统逐步从以浮游植物为主的藻型浊水生态系统向以沉水、挺水等大型 水生植物等为主的草型清水生态系统转换。 日前，北京市公布2024年水生态"体检报告"，报告数据显示，全市河湖水生态健康状况总体良好。经过 多年努力，北京主要河流生态系统逐步从以浮游植物为主的藻型浊水生态系统向以沉水、挺水等大型水 生植物等为主的草型清水生态系统转换，这也标志着北京水生态系统正朝着更加健康、稳定的方向发 展。 全市健康水体比例87.6% 2024年北京市水生 ...

Financial Data and Key Metrics Changes - In Q1 2025, the company increased revenue by 7%, adjusted EBITDA by 14%, and improved consolidated gross margins by one percentage point [7][19] - Net income grew by $12 million, while consolidated SG&A expenses decreased by 6% [7][19] - The company achieved strong revenue growth of 21% in Chemical Technologies and 8% in Water Services [7] Business Line Data and Key Metrics Changes - Water Infrastructure maintained a strong gross margin of 54%, despite a sequential revenue decline driven by reduced revenues from legacy freshwater pipeline assets [7][16] - Water Services saw an 8% sequential revenue increase, primarily due to improved activity levels [17] - Chemical Technology experienced a strong sequential revenue growth of 21%, exceeding expectations [18] Market Data and Key Metrics Changes - The Northern Delaware Basin now represents 54% of the company's total fixed recycling capacity, reflecting significant growth in contracted acreage [11] - The company has developed a leading water infrastructure network in the Northern Delaware Basin, with over 1 million acres under dedication or right of first refusal agreements [8][11] Company Strategy and Development Direction - The company is focused on expanding its water infrastructure and has secured several large contracts that enhance its long-term revenue potential [8][10] - The strategic location of new projects and partnerships with industry-leading E&P partners are expected to contribute significantly to future earnings [8][10] - The company is also pursuing growth opportunities in agricultural, industrial, and municipal water sectors [11][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience despite macroeconomic pressures and potential activity dislocations due to tariffs and trade uncertainties [9][14] - The company anticipates continued growth in consolidated adjusted EBITDA of 6% to 12% during Q2 2025, despite potential declines in activity levels later in the year [13][19] - Management highlighted the importance of maintaining a disciplined approach to leverage and capital allocation to support growth initiatives [15][21] Other Important Information - The company successfully implemented a new ERP system across all operations, which is expected to yield efficiencies over time [23] - The company has adjusted its free cash flow expectations for the year to a conversion rate of 5% to 15% relative to adjusted EBITDA [21] Q&A Session Summary Question: Activity pullback in growth areas - Management confirmed that there has not been a pullback in activity in the Permian Basin, indicating confidence in their asset positioning [26][27] Question: Upcoming catalysts for AV Farms project - Management is engaging stakeholders and has letters of intent with potential customers, indicating strong demand and optimism for future revenue generation [28][30] Question: Role of CNA companies in AB Farms project - Management stated that Select will eventually take over operational roles while collaborating with CNA for commercialization [39][41] Question: Impact of tariffs on water infrastructure contracts - Management indicated that tariffs are not expected to materially impact water infrastructure projects due to domestic supply chains [43] Question: Supply chain resilience in Chemical Technologies - Management highlighted efforts to localize the supply chain, reducing reliance on international sourcing, particularly from China [44][45] Question: Future growth in water infrastructure - Management expects to maintain a growth trajectory of around 15% into 2026, supported by new projects and existing contracts [52][53] Question: M&A opportunities in the current environment - Management noted that the current environment presents opportunities for strategic asset purchases, particularly in a down cycle [75][78]

下一步，松辽委将强化取用水领域信用评价结果运用，切实发挥信用评价的激励约束作用，加强信用等 级分级分类监管，引导取用水户依法依规取用水，持续提升松辽流域水资源管理水平。 本站讯 为贯彻落实党中央、国务院关于实行水资源刚性约束制度的决策部署，按照《关于实施取用水 领域信用评价的指导意见》工作要求，近日，松辽水利委员会通过"线上+线下"相结合方式，立体式、 多举措完成松辽流域2024年度取用水领域信用评价工作。 取用水领域信用评价是加强取用水监管、规范取用水秩序的重要手段，是精打细算用好水资源、从严从 细管好水资源的关键举措。松辽委高度重视取用水信用评价工作，创新工作方法、周密安排部署、精心 组织实施。一是建立评价长效机制。制定《松辽流域取用水领域信用监管评价工作方案》，明确了评价 规则、评价程序、结果应用、组织实施等方面内容，建立了信息收集认定、结果公示、申诉处理、分类 监管、激励惩戒和信用修复等机制，组建专门工作小组对取水单位信用等级开展评定工作。二是多措并 举收集信息。充分汇集松辽流域取用水管理平台违法违规问题线索，统筹考量流域内相关省（自治区） 2024年度取用水行政处罚情况，同步进行系统梳理和核对核查， ...

在持续深化协作协同方面，黄河流域检察机关、水行政主管部门、流域管理机构深化落实信息共享、线 索移送、案情通报、联合督办、技术协助等机制，共护黄河秀美安澜。 最高人民检察院和水利部日前联合发布检察监督与水行政执法协同推进黄河大保护典型案例。案例通报 中，检察机关与水利部门协同推进惩处违法违规行为，向黄河及其支流非法排污、在黄河河道内采砂等 情况被及时查处并整治。 本次发布的典型案例有10件，其中刑事检察案例3件，公益诉讼检察案例7件，涉及水资源保护、水污染 防治、行洪安全保障、水土流失防治、非法采砂整治等领域。 最高检有关负责人介绍，检察机关强化问题导向，充分发挥刑事、公益诉讼等检察职能作用。例如，四 川省阿坝县某工业园区6家企业未经许可违规开采地下水，导致湿地自然保护区核心区地下水位下降。 阿坝县人民检察院发出检察建议后，水务部门依法封填违规水井并处以罚款，责令案涉企业开展湿地生 态补水与修复工作。 此次发布的典型案例还体现出检察机关更加注重黄河保护治理的系统性、整体性和协同性，推动流域问 题的综合治理和系统治理。例如，陕西省旬邑县某矿业公司未经许可长期在采煤过程中疏干排水，导致 周边地下水水位下降，且未缴纳 ...

Core Viewpoint - The Xi'an Municipal Government has issued the "Qinling Water Resource Protection and Utilization Plan," providing a systematic action guide for the protection of Qinling water resources, which is crucial for ecological sustainability and regional development [1][2]. Summary by Sections Water Resource Protection Framework - The plan outlines various components including water functional zoning, ecological water demand assurance, water resource utilization planning, and monitoring frameworks for water resource protection [1][2]. Importance of Qinling - Qinling, known as China's "central water tower," plays a vital role in climate regulation, soil conservation, and biodiversity maintenance, with its protection area covering approximately 55% of Xi'an's total area [2]. Goals and Objectives - The plan sets short-term goals for 2030 and long-term goals for 2035, aiming for sustainable water resource utilization and ecological protection, ensuring safe water supply for living, ecological, and production needs [2][4]. Principles of Water Management - The plan adheres to the "Four Waters and Four Determinations" principle, emphasizing the rational development and efficient use of water resources, while ensuring ecological balance and water quality [3]. Progress Targets - By 2030, the plan aims to establish a strict water resource management system, improve river water quality, and achieve a 100% compliance rate for drinking water sources [4]. Long-term Vision - By 2035, the plan envisions a modernized water resource protection system, with stable ecological water volumes and a fully established water-saving society, ensuring high-quality water and ecological health in the Qinling region [5]. Community Engagement - The implementation of the plan will involve strengthening organizational coordination, enhancing legal frameworks, and mobilizing community participation in water resource protection efforts [6].