Group 1 - The company announced the acquisition of a 55% stake in Wenshan Dahao Mining Development Co., Ltd. for approximately 225 million RMB [1] - The acquisition involves the assumption of approximately 191 million RMB in total debt, with 105 million RMB to be handled by the company post-transaction [1] - The company will provide special loans to Dahao Mining for the development of existing mineral projects after the transaction is completed [1] Group 2 - The company's revenue for the year 2024 is entirely derived from industrial wastewater treatment, accounting for 100% of its income [2] - The current market capitalization of the company is 7.1 billion RMB [3]

Group 1 - The company Beijiete (SZ 300774) held its fourth board meeting on August 28, 2025, to review the agenda including the "2025 Semi-Annual Report" and its summary [1] - For the year 2024, Beijiete's revenue composition is entirely from industrial wastewater treatment, accounting for 100.0% [1]

Group 1 - The Zhuhai Gaolan Port Sino-French Water Co., Ltd. was established in 2018 as a joint venture between Zhuhai Economic Development Investment Holding Co., Ltd. and Suez Environment Group, specializing in industrial wastewater treatment in the Zhuhai Economic Development Zone [2] - The first phase of the project, with a total investment of approximately 190 million yuan and a designed annual treatment capacity of 9.8 million cubic meters, was put into operation in 2020 [2] - The second phase of the project has a total investment of approximately 220 million yuan and a designed annual treatment capacity of 3.65 million cubic meters, which will double the company's capacity for high-concentration wastewater treatment upon its operation [2] Group 2 - The second phase of the Sino-French Water project is expected to significantly enhance the wastewater treatment capacity in the Zhuhai Economic Development Zone, providing more reliable and professional environmental protection services for local enterprises [2] - The project reflects the strong collaboration between Suez Group and Zhuhai Economic Development Investment Holding Co., overcoming technical adjustments and scheduling challenges to complete the construction efficiently [2] - The Zhuhai Economic Development Zone is recognized for its competitive advantages in green chemical and new materials industries, having been awarded titles such as "Top 30 Green New Materials Industrial Parks in China" and "Demonstration Zone for Business Environment Construction in China" [1]

Core Viewpoint - The wastewater treatment industry in China is undergoing a significant transformation from single pollution control to a collaborative approach of pollution reduction and carbon emission reduction, emphasizing green development and low-carbon technologies [1][5][6]. Industry Overview - The wastewater treatment sector is crucial for environmental infrastructure and water pollution management, and it is also a significant source of carbon emissions [1]. - Recent advancements in technology, including big data and AI, have led to notable improvements in industrial water treatment processes [1][6]. Project Highlights - The Ordos City Mengsu Economic Development Zone Water Resource Reclamation Plant is the first photovoltaic wastewater zero-discharge project in China, with a daily processing capacity of 100,000 tons and a reuse rate of 95% [2][3]. - The project generates approximately 6 million kWh of green electricity annually, equivalent to saving 1,968 tons of standard coal and reducing carbon dioxide emissions by 5,983 tons [3]. - A second water treatment plant is under construction in Ordos to support local industries such as photovoltaic and cloud computing, with a processing scale of 72,000 cubic meters per day [3]. Technological Innovations - The wastewater treatment industry is shifting towards energy-efficient and low-carbon technologies, including optimized biological treatment processes and the integration of photovoltaic power generation [6]. - The use of advanced technologies aims to achieve energy self-sufficiency within treatment facilities, contributing to a greener and more sustainable operation [6]. Policy and Industry Trends - The Chinese government has implemented various policies to promote the green transformation of the wastewater treatment industry, encouraging technological innovation for collaborative pollution reduction and carbon emission efficiency [5]. - The industry is moving from traditional methods that increase energy consumption and carbon emissions to more sustainable practices that balance treatment efficiency with environmental impact [5][6].