Group 1: Project Progress - The Chengdu Water Supply Plant Phase III has entered trial operation with a remaining capacity of 400,000 tons/day [2] - Several projects, including the Chengdu Sixth Reclaimed Water Plant Phase II and the Chengdu Central Urban Kitchen Waste Treatment Project Phase III, are progressing and expected to be operational within 1-2 years [2] Group 2: Accounts Receivable - The company's accounts receivable have increased due to expanded business scale and market development efforts [2][3] - The company actively collects receivables in line with local payment policies [3] Group 3: Market Value Management - The company emphasizes market value management to enhance intrinsic value and improve operational efficiency [4] - Continuous strategic layout and market feedback are integral to the company's value growth [4] Group 4: Cost Reduction and Efficiency Improvement - The company implements refined management and innovation to reduce costs and improve efficiency [5] - Establishment of a smart cloud control center and five operational centers enhances management quality and efficiency [5] Group 5: Future Capital Expenditure and Dividends - Significant capital expenditure is expected due to multiple ongoing projects, with a gradual decrease anticipated as projects become operational [6] - The company aims to increase dividend levels as free cash flow improves following project completions [6]