Group 1: Business Performance and Market Conditions - In 2024, the chemical new materials business faced significant losses due to a slowdown in ethylene demand and high production costs, particularly from the naphtha cracking route [3] - The industrial water treatment business is projected to grow by 53.16% in 2024, driven by the advancement of the Qinghai salt lake resource project and other ongoing projects [5] - The company aims to improve profit margins in the chemical new materials sector by focusing on cost reduction and enhancing product quality [3] Group 2: Strategic Initiatives and Innovations - The company is accelerating investment and renovation projects, with the first phase of the Jieyang C4 and C5 project nearing completion, transitioning to production preparation [3] - The hazardous waste treatment business is developing advanced technologies for high-concentration organic wastewater, achieving high removal rates for pollutants [6] - The company is optimizing its carbon five hydrogenation and separation processes to enhance product yield and quality [6] Group 3: Future Development and Market Trends - The company plans to leverage its dual focus on chemical new materials and environmental protection to create synergies and reduce operational risks [5] - The industrial water treatment sector will benefit from stricter environmental regulations and increased government support for ecological initiatives [5] - The renewable energy business is exploring new applications for lithium resource extraction technologies, aiming for high-quality development [7]

Core Viewpoint - The company has signed contracts for water treatment systems in a coal-to-olefins project, which will enhance its market position and brand recognition in the industrial water treatment sector [1] Group 1: Contract Details - The company signed contracts with Hualu Engineering Technology Co., Ltd. for the water treatment systems in the Inner Mongolia Rongxin Chemical Co., Ltd. coal-to-olefins project [1] - The total contract amount is RMB 51.94 million (including tax) [1] - The delivery date for the contracts is set for August 31, 2025 [1] Group 2: Financial Impact - The contract amount represents approximately 6.20% of the company's audited total revenue for the fiscal year 2024 [1]