Group 1 - Guangzhou Panyu Haiyuan Water Co., Ltd. has been established with a registered capital of 20 million yuan [1] - The legal representative of the company is Che Xueli, and its business scope includes smart water system development, resource recycling technology research, new material technology research, seawater desalination treatment, and environmental protection monitoring [1] - The company is wholly owned by Guangdong Haiyuan Environmental Technology Co., Ltd., which is jointly held by Zhuhai Water Environment Holding Group Co., Ltd. and Beijing Originwater Technology Co., Ltd. (stock code: 300070) [1]

Core Viewpoint - A new company, Yugan County Ganyou Water Co., Ltd., has been established with a registered capital of 100 million RMB, fully owned by Yugan County Ganyue Asset Management Co., Ltd. [1] Company Summary - Company Name: Yugan County Ganyou Water Co., Ltd. [1] - Legal Representative: Cheng Langping [1] - Registered Capital: 100 million RMB [1] - Type: Limited liability company (wholly owned by a legal entity) [1] - Business Scope: Includes water production and supply, water pollution control, municipal facility management, construction stone processing, environmental protection monitoring, and smart water system development [1] Industry Summary - Industry Classification: Power, heat, gas, and water production and supply; specifically, water production and supply [1] - Location: Jiangxi Province, Shangrao City, Yugan County [1] - Business License Validity: Until August 6, 2025, with no fixed term thereafter [1] - Registration Authority: Yugan County Market Supervision Administration [1]

Group 1 - The establishment of Langkun Huitai Intelligent Water Engineering (Tianjin) Co., Ltd. has been officially registered with a legal representative named Liu Xinran and a registered capital of 5 million RMB [1] - The company is jointly owned by Hainan Yishun Agricultural and Forestry Development Co., Ltd. (80% stake) and Shandong Sandrop Water Purification Technology Co., Ltd. (20% stake) [1] - The business scope includes construction engineering, internet sales of food, on-demand drinking water sales, and various services related to intelligent water systems and environmental protection monitoring [1] Group 2 - The company is classified under the national standard industry of electricity, heat, gas, and water production and supply, specifically focusing on water production and supply [1] - The registered address of the company is located at No. 20, Building 1-004, Guchuan High-tech Zone, Qingshan Town, Beichen District, Tianjin [1] - The business license allows the company to operate without a fixed term, with the current registration valid until August 5, 2025 [1]

Capital Change - The company has approved a change in registered capital from RMB 100,486,640 to RMB 140,219,804, reflecting an increase due to a capital reserve conversion and cash dividends distribution [1][4][6] - The total number of shares will increase from 100,486,640 to 140,219,804 shares, with a cash dividend of RMB 3 per 10 shares distributed to shareholders, totaling RMB 29,799,873.60 [1][4][6] Business Scope Change - The company's business scope has been updated to include the development and manufacturing of smart water systems, smart instruments, industrial automation control systems, environmental protection equipment, and smart robots, among others [2][5] - The revised business scope also encompasses services related to water resource management, environmental monitoring, and big data services, reflecting a broader operational focus [2][5] Articles of Association Revision - The company's Articles of Association will be amended to reflect the changes in registered capital and business scope, with specific clauses updated accordingly [3][4][6] - Other provisions in the Articles of Association will remain unchanged, ensuring continuity in governance while adapting to the new operational framework [6]

Company Overview - Bixing IoT Technology (Shenzhen) Co., Ltd. was registered on January 18, 2012, and listed on the Shanghai Stock Exchange in August 2023 [1] - The company operates in the instrument manufacturing industry, with a total issued share capital of 78.5189 million shares and a registered capital of 78.5189 million yuan as of December 31, 2024 [1] - The main business activities include software product development and sales, computer information system integration, sales of chemical products, instruments, communication equipment, and various consulting services related to water resources and smart water systems [1] Financial Reporting Basis - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and relevant regulations [2] - The financial statements are based on the assumption of going concern [2] Accounting Policies and Estimates - The financial statements reflect the true financial position and operating results of the company as of December 31, 2024 [3] - The accounting period is from January 1 to December 31, with a business cycle of 12 months [3] - The company uses Renminbi as its functional currency [3] Consolidation and Mergers - The company consolidates financial statements based on control, including all subsidiaries [3][4] - For mergers under common control, the assets and liabilities are measured at the carrying amount of the acquired entity [2][4] - For mergers not under common control, the acquisition cost is determined based on the fair value of the assets and liabilities at the acquisition date [2][5] Financial Instruments - Financial assets are classified at initial recognition as either measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss [10][12] - The company assesses expected credit losses based on historical data and future economic conditions [18][21] Inventory and Contract Assets - Inventory is classified into raw materials, finished goods, and contract fulfillment costs, measured at cost or net realizable value [11] - Contract assets are recognized based on the relationship between the fulfillment of performance obligations and customer payments [12]