Core Points - The company held its annual shareholder meeting on June 26, 2025, to discuss various reports and proposals for the year 2024 [1][2] - The company reported a total asset increase of 9.29% year-on-year, reaching 6.761 billion yuan, and a net profit increase of 19.01%, amounting to 186.24 million yuan [3][4] - The company emphasized its commitment to high-quality development and innovation in the water treatment sector, focusing on improving operational efficiency and service quality [7][11] Financial Performance - Total assets reached 6.761 billion yuan, a 9.29% increase from the previous year [4] - Total liabilities increased by 13.89% to 3.842 billion yuan, while total equity rose by 3.78% to 2.919 billion yuan [4] - Operating revenue grew by 15.35% to 1.21588 billion yuan, with operating costs increasing by 9.72% to 979.75 million yuan [4] Business Operations - The company processed 45.92 million tons of wastewater, a 14.34% increase year-on-year, and achieved a settlement volume of 47.93 million tons, up 12.48% [3][4] - The company has successfully completed several wastewater treatment plant expansion and upgrade projects, enhancing its operational capacity [6][25] - The company is focusing on optimizing its management system and enhancing its performance evaluation mechanisms to improve overall efficiency [5][24] Industry Trends - The water treatment industry is transitioning from a phase of rapid expansion driven by investment to a focus on high-quality service and operational efficiency [10][11] - The market is expected to experience slower growth rates in the coming years, with a shift towards refined operations and service quality [10][11] - The government is encouraging private enterprises to participate in water treatment projects, providing new opportunities for growth in the sector [16][17]