Market Overview - The smart water management market in China is projected to reach 57.93 billion yuan in 2024, with an estimated growth to approximately 136.84 billion yuan by 2029, reflecting a compound annual growth rate (CAGR) of 18.74% from 2024 to 2029 [2] - Key drivers for the rapid growth of the smart water management market include improved water quality standards, the construction of smart cities, and the development of the digital economy [2] Strategic Initiatives - Zhuhai is implementing a series of initiatives such as strategic agreements, unveiling innovative platforms, and launching application scenarios to promote a "scene revolution" in the water management sector [2] - The first Water Technology Innovation Conference was held in Zhuhai, where Zhuhai Water Control Group signed cooperation agreements with Tianjin Sea Water Desalination and Comprehensive Utilization Research Institute and Beijing Beishuiyuan Technology Co., Ltd. to enhance water supply safety for citizens [2][3] Collaboration Focus - Zhuhai Water Control Group and Tianjin Sea Water Desalination Institute will collaborate in three main areas: seawater desalination and comprehensive utilization, industrial water treatment, and environmental governance [3] - The partnership aims to support the high-quality development and large-scale utilization of the seawater desalination industry, contributing to the innovation chain and industrial chain of Zhuhai's marine economy [3] Technological Development - The collaboration with Beijing Beishuiyuan focuses on five key areas: domestic production of seawater desalination equipment, seawater industry, high-quality drinking water, wastewater resource utilization, and industrial water treatment [3] - The long-term cooperation is expected to drive the development of upstream and downstream industries related to seawater desalination, creating more high-quality job opportunities and enhancing the living quality of citizens [3] Policy and Innovation - Zhuhai's Water Authority released the "Zhuhai Water Technology Application Scenario Demand List (2025)" to promote deep integration of water technology and the industrial chain, aiming to unlock market opportunities worth billions [4] - An open innovation model has been established to ensure that the demand list addresses real issues while guiding genuine innovation, involving data analysis, expert evaluations, and a public demand list to attract various innovative entities [4] Future Directions - Zhuhai will focus on optimizing smart water supply systems, urban flood prevention under extreme weather conditions, ensuring high-quality drinking water, and the intelligent construction and operation management of water facilities [4] - The city aims to continuously promote the integration of water technology innovation with public needs, transforming technological achievements into tangible benefits for citizens [4] Exhibition Highlights - The conference showcased over ten innovative technology/products, including comprehensive smart water solutions, AI-enabled drainage pipeline inspections, and digital twin technologies for multiple water scenarios [5] - Notable exhibits included intelligent dredging robots, smart pumping stations, and high-quality drinking water solutions, emphasizing practical applications in production and daily life [5]

Company Overview - Shenzhen Huakong Seg Co., Ltd. was established in June 1997, approved by the Shenzhen Municipal Government, and is a spin-off from Shenzhen Zhongkang Glass Co., Ltd. [1] - The company specializes in the production of color cathode ray tube glass and has been recognized as a high-tech enterprise since 1995 [1]. Shareholding Structure - Samsung Corning acquired a controlling stake in the company through its subsidiary, Shenye Tengmei Co., Ltd., in June 1998 [2]. - The company underwent a share reform in 2007, increasing its registered capital to RMB 896,671,464.00 [2]. Recent Transactions - Samsung Corning transferred 156,103,049 shares, representing 17.41% of the total share capital, to Shenzhen Huarong Tai Asset Management Co., Ltd. [3]. - In January 2015, the company issued 110 million shares to Shenzhen Huarong Tai Asset Management Co., Ltd., increasing its total share capital to 1,006,671,500 shares [4]. Control and Ownership Changes - The actual controller of the company changed to Shanxi Provincial State-owned Capital Investment Operation Co., Ltd. after a series of transactions involving Huaron Tai [5]. - As of June 30, 2025, the company has a total issued share capital of 1,006,671,500 shares [5]. Industry and Services - The company operates in the public utility and environmental engineering sector, providing services such as sponge city construction, water engineering, smart water management, and environmental remediation [6].