Core Viewpoint - Junxin Co., Ltd. announced a share buyback plan, indicating confidence in its financial health and future prospects [1] Group 1: Share Buyback - As of August 31, 2025, Junxin Co., Ltd. plans to repurchase approximately 3.6 million shares, representing 0.46% of the total share capital [1] - The buyback will be conducted through a centralized bidding transaction, with a maximum price of 14.29 CNY per share and a minimum price of 13.86 CNY per share [1] - The total amount spent on the buyback is approximately 50.99 million CNY [1] Group 2: Revenue Composition - For the year 2024, the revenue composition of Junxin Co., Ltd. is as follows: 65.51% from energy-saving and environmental protection services, 34.43% from construction period service income, and 0.05% from other businesses [1] Group 3: Market Capitalization - As of the report date, Junxin Co., Ltd. has a market capitalization of 12.2 billion CNY [1]

Core Viewpoint - The company's performance shows steady progress with an improvement in operating cash flow. In 2024, the company achieved operating revenue of 2.431 billion yuan, a year-on-year increase of 31%, and a net profit attributable to shareholders of 536 million yuan, a year-on-year increase of 4% [3] Financial Performance - In 2024, the company reported operating revenue of 2.431 billion yuan, with a net profit of 536 million yuan and a non-recurring net profit of 500 million yuan, all showing positive year-on-year growth [3] - For Q1 2025, the company achieved operating revenue of 767 million yuan, a year-on-year increase of 54%, and a net profit attributable to shareholders of 173 million yuan, a year-on-year increase of 39% [2][3] Business Segmentation - Revenue from waste incineration power generation was 607 million yuan, a year-on-year decrease of 5%, with a gross margin decline of 0.13 percentage points to 64.68% [3] - Revenue from waste incineration and sludge co-treatment was 555 million yuan, a year-on-year increase of 2%, with a gross margin increase of 3.14 percentage points to 72.57% [3] - Revenue from construction period services was 840 million yuan, a year-on-year increase of 145% [3] Market Position and Expansion - The company holds the largest market share in waste incineration power generation in Hunan Province, with a market share of 46.31% in 2023 [4] - The company is expanding its operations both domestically and internationally, with new projects in Hunan and agreements in Kyrgyzstan for waste incineration projects [4] Acquisition and Business Diversification - The company acquired a 63% stake in Renhe Environment, which became a subsidiary, enhancing its capabilities in kitchen waste and waste transfer services [5] - In 2023, Renhe Environment reported operating revenue of 1.027 billion yuan and a net profit of 497 million yuan [5] Profit Forecast - The company is expected to achieve operating revenues of 3.214 billion yuan, 3.315 billion yuan, and 3.421 billion yuan for 2025-2027, with year-on-year growth rates of 32.23%, 3.15%, and 3.20% respectively [5] - Net profits are projected to be 769 million yuan, 813 million yuan, and 861 million yuan for the same period, with growth rates of 43.37%, 5.69%, and 5.92% respectively [5]