Group 1: Report Overview - The report is about the research on Lvyin Ecology in the environmental protection industry on May 15, 2025 [1][2][17] Group 2: Core Views - The company considers mergers and acquisitions as a way to grow and will actively seek high - quality opportunities [24][27] - In 2024, the company achieved an operating income of 400 million yuan, a net profit attributable to the parent company of about 100 million yuan, and a net profit margin of 25.27%, maintaining a good profit level [24] - The company's future profit growth is driven by national policy support and a complete industrial chain layout [30] - The ecological restoration and cultural tourism industries have broad development prospects due to national policy support [32] Group 3: Summary by Directory 01. Research Basic Situation - The research object is Lvyin Ecology, belonging to the environmental protection industry. The reception time is 2025 - 05 - 15. The reception staff includes the chairman, president, financial manager, board secretary, and independent director [17] 02. Detailed Research Institutions - The reception objects include investors and others [20] 03. Research Institution Proportion - No specific content provided 04. Main Content Data - **Mergers and acquisitions**: The company will actively seek high - quality M&A opportunities in line with its strategic development direction and will disclose information in a timely manner if there are relevant plans [24][27] - **Financial performance**: In 2024, the company's operating income was 400 million yuan, and the net profit attributable to the parent company was about 100 million yuan with a net profit margin of 25.27%. The growth of non - recurring profit was mainly due to the increase in ecological environment restoration and green space maintenance business income and cost control [24][34] - **Cultural tourism business**: The second theme park of the company's self - owned brand "MoMo Beast" in Tianjin has been put into operation. The company will replicate its self - owned brand projects and cooperate with external partners to expand ecological and cultural industry projects nationwide [25] - **Market value management**: The company will focus on enhancing intrinsic value through optimizing operating performance, deepening investor communication, and standardizing corporate governance [27] - **Profit growth drivers**: National policy support and a complete industrial chain layout are the main drivers [30] - **Business coverage**: The company's subsidiary combines urban green space maintenance with cultural tourism operations and has successfully operated the "MoMo Beast Forest Snow World" project [30] - **Industry prospects**: The ecological restoration and cultural tourism industries have broad prospects due to national policy support [32] - **Industry environment impact**: The company faces market opportunities in the ecological restoration industry and has enhanced its competitiveness through technological development. The cultural tourism business is also growing rapidly [33] - **Industry performance**: Most enterprises in the industry have seen a decline in revenue and profit in recent years, but the industry will face good market opportunities in the future [37] - **Refinancing**: The company will disclose information in a timely manner if there are relevant financing matters [38]

Group 1: Financial Performance - In 2024, the company achieved a revenue of 400 million yuan and a net profit of approximately 100 million yuan, resulting in a net profit margin of 25.27% [1] - The company's non-recurring net profit increased by 25.16%, driven by a revenue growth of 11.97% in green space maintenance projects [7] Group 2: Strategic Development - The company views mergers and acquisitions as a pathway to growth and will actively seek opportunities that align with its strategic development direction [1] - Plans to expand the cultural tourism sector include the operation of a second theme park under the brand "Mamma Beast" in Tianjin and collaboration with external partners to develop projects nationwide [1] Group 3: Market Opportunities - The company is positioned to benefit from increased government focus on ecological restoration and cultural tourism, which aligns with national strategic development directions [3][5] - The ecological restoration industry is expected to see significant market opportunities due to ongoing needs for desertification control and high-standard farmland construction [6][7] Group 4: Industry Outlook - The industry is supported by numerous national policies promoting ecological protection and cultural tourism development, indicating a broad future growth potential [5] - Despite recent revenue and profit declines in the industry, future demand for ecological restoration and urbanization projects presents favorable market conditions [7]