Group 1 - The core point of the article is that Yuanda Environmental (SH 600292) announced a significant impairment provision due to the bankruptcy of its project owner, Kunpeng Environmental, which poses a major recovery risk for receivables [1] - Yuanda Engineering has recognized an impairment provision of 32.95 million yuan, which will impact the company's net profit attributable to shareholders by 27.39 million yuan for the first half of 2025 [1] - The impairment provision amount is unaudited, and the final impact on the company will be confirmed after the annual audit by the accounting firm [1] Group 2 - For the year 2024, Yuanda Environmental's revenue composition is as follows: 47.48% from franchise operations, 33.2% from environmental engineering, 9.25% from denitration catalysts, 8.94% from water treatment operations, and 0.63% from other industries [1]