Group 1: Company Strategy and Operations - The company acquired Guangxi Hualan Hydropower Engineering Design Co., Ltd. in 2023, focusing on water conservancy-related construction design and consulting services. Future mergers and acquisitions will be conducted steadily in line with the company's strategic planning [3]. - The company is emphasizing traditional business areas such as urban renewal and building repair, while also focusing on livelihood projects, including affordable housing and water infrastructure [3]. - In 2024, the company established a joint venture with Keshun Waterproof Technology Co., Ltd. to form the Hualan-Keshun Building Repair Division, targeting old community renovations and area updates [3]. Group 2: Financial Performance and Growth - The company’s contract energy management business saw significant growth in 2024, with a total contract signing amount of CNY 21.9451 million, a year-on-year increase of 166% [3]. - The company’s subsidiary, Guangdong Hualan Energy Development Co., Ltd., has connected projects totaling 97.97 MW to the grid, a substantial increase compared to the previous year [4]. - New signed distributed photovoltaic projects reached 90 MW, with cumulative electricity revenue of approximately CNY 34.86 million in 2024 [4]. Group 3: International Expansion - The company is actively expanding its presence in Southeast Asia under the "Belt and Road" initiative, focusing on infrastructure construction and industrial park development in countries like Cambodia and Laos [3]. - The company has engaged in several international projects, including the KSP Sugar Factory in Thailand and the BELES-1 Sugar Factory in Ethiopia, establishing a comprehensive project construction chain [3]. - An international business division was established in Cambodia in 2025 to enhance localized operations and improve service capabilities in overseas markets [4]. Group 4: Renewable Energy Initiatives - The financing cost for photovoltaic projects is relatively low, and the company has developed comprehensive capabilities in investment, design consulting, and engineering contracting for renewable energy projects [4]. - In 2024, the subsidiary Hualan Design (Group) Co., Ltd. undertook 50 renewable energy design projects, with a total contract amount of approximately CNY 25.59 million, reflecting a year-on-year increase of 145% [4].