Core Viewpoint - Hainan Biyuan Water Co., Ltd. has been established with a registered capital of 19.121 million RMB, fully owned by Beijing Biyuan Technology Co., Ltd. [1] Company Summary - The legal representative of Hainan Biyuan Water Co., Ltd. is Guan Zhongyi [1] - The company is registered with a capital of 19.121 million RMB [1] - The sole shareholder is Beijing Biyuan Technology Co., Ltd., holding 100% of the shares [1] Business Scope - The business scope includes licensed operations such as the production and supply of tap water and the collection and distribution of natural water [1] - General business activities include wastewater treatment and its recycling, collection and treatment of rainwater, brackish water, and mine water, as well as seawater desalination [1] - The company operates under the national enterprise credit information public system in Hainan [1] Industry Classification - The company is classified under the national standard industry of electricity, heat, gas, and water production and supply, specifically in the water production and supply sector [1] - The address of the company is located in the Port Business Hall, No. 1 Building 1-1, Jinpai Port Development Zone, Bohou Town, Lingao County, Hainan Province [1] - The company is categorized as a limited liability company (wholly owned by a legal entity) [1]

Core Viewpoint - The transfer of 54.7% state-owned equity and a debt of 3.6836 million yuan from Zaozhuang Qilu Water Development Co., Ltd. to Zaozhuang Qilu Hongyuan Water Development Co., Ltd. is currently being listed, with a minimum transfer price of 19.2803 million yuan. The company has not generated any actual business revenue in the past two years [1][3]. Group 1: Company Overview - Zaozhuang Qilu Hongyuan Water Development Co., Ltd. was established on August 28, 2018, with a registered capital of 50 million yuan, focusing on water supply, sewage treatment, and water resource management [3]. - The ownership structure indicates that Zaozhuang Qilu Water Development Co., Ltd. holds 54.7% of the shares, while Zaozhuang Hongyuan Water Supply Co., Ltd. owns 45.3%. The company is currently listed as a dishonest executor, and its legal representative is restricted from high consumption [3]. Group 2: Financial Status - As of 2024, Zaozhuang Qilu Hongyuan Water Development Co., Ltd. reported total assets of 50.8846 million yuan, total liabilities of 11.5 million yuan, with zero operating income and a net loss of 62,600 yuan [3]. - By June 30, 2025, the company's total assets increased to 51.0896 million yuan, total liabilities rose to 11.705 million yuan, with both operating income and net profit remaining at zero. By December 31, 2025, total assets decreased to 45.972 million yuan, total liabilities were 6.4691 million yuan, with no operating income or net profit reported [3]. Group 3: Strategic Focus - Shandong Environmental Development Ecology Co., Ltd., the major shareholder of Zaozhuang Qilu Water Development Co., Ltd., emphasized the need to focus on "integration, revitalization, and clearance" in its 2025 work meeting, aiming to achieve new growth through cost reduction and efficiency improvement [4]. - The "clearance" strategy involves the firm commitment to disposing of non-compliant assets and concentrating on advantageous sectors to foster new efficient development paths [4].

Core Viewpoint - Tianjin Yuansheng Environmental Engineering Co., Ltd. has been established with a registered capital of 50 million RMB, fully owned by Yuanda Health Technology (Tianjin) Co., Ltd. [1] Company Summary - The legal representative of Tianjin Yuansheng Environmental Engineering Co., Ltd. is Wei Lijia [1] - The company is registered with a capital of 50 million RMB [1] - The sole shareholder is Yuanda Health Technology (Tianjin) Co., Ltd., holding 100% of the shares [1] Business Scope - The business scope includes construction engineering, sewage treatment and recycling, water pollution control, environmental monitoring, soil pollution remediation, project management services, seawater desalination, and water-related consulting services [1] - 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] Registration Details - The company is located at Jin Haidao No. 29, High-tech Industrial Park, Ziya Economic and Technological Development Zone, Tianjin [1] - The company type is a limited liability company (sole proprietorship) [1] - The business registration period is from January 15, 2026, to an indefinite term [1] - The registration authority is the Tianjin Jinghai District Market Supervision Administration [1]

Core Viewpoint - Recently, Mudanjiang Urban Water Co., Ltd. was established with a registered capital of 9 million RMB, fully owned by Mudanjiang Jingpo Lake State-owned Capital Investment Holding Group Co., Ltd. [1] Company Summary - Company Name: Mudanjiang Urban Water Co., Ltd. [1] - Legal Representative: Zhang Yixin [1] - Registered Capital: 9 million RMB [1] - Ownership: 100% owned by Mudanjiang Jingpo Lake State-owned Capital Investment Holding Group Co., Ltd. [1] - Business Scope: Includes sewage treatment and its recycling, water pollution control, water resource management, environmental pollution prevention services, and environmental consulting services [1] - Address: 142 East Fourth Road, Dong'an District, Mudanjiang City, Heilongjiang Province [1] - Company Type: Limited liability company (wholly owned by a natural person) [1] - Business Duration: Until December 19, 2025, with no fixed term [1] - Registration Authority: Mudanjiang City Dong'an District Market Supervision Administration [1] Industry Summary - Industry Classification: Power, heat, gas, and water production and supply; specifically, water production and supply [1] - Licensed Projects: Includes production and supply of tap water, construction engineering, and natural water collection and distribution [1]

Company Overview - Lepin Jinghuan Environmental Technology Co., Ltd. has been established with a registered capital of 5 million RMB, fully owned by Beijing Environmental Co., Ltd. [1] - The legal representative of the company is Li Chunguo [1] Business Scope - The company’s business scope includes urban household waste management services, internet information services, road freight transportation (excluding hazardous goods), urban construction waste disposal, building demolition (excluding blasting operations), construction engineering surveying, and design [1] - Additional services include urban appearance management, sewage treatment and recycling, building cleaning services, air pollution control, solid waste management, municipal facility management, environmental protection equipment sales, property management, machinery leasing, urban greening management, recycling of renewable resources (excluding production waste metals), and research and development of resource recycling technologies [1] Industry Classification - The company operates within the water, environment, and public facility management industry, specifically in municipal facility management [1] - The business is registered in the city of Lepin, Jiangxi Province, with an operational period extending until December 15, 2025, and no fixed term thereafter [1]

Group 1 - Chengdu Hi-Tech Xicheng Circular Water Treatment Co., Ltd. has been established with a registered capital of 410 million yuan [1][2] - The company is co-owned by Chengdu Drainage Co., Ltd., a wholly-owned subsidiary of Xingrong Environment (000598), and Chengdu High-tech Xicheng Development and Construction Co., Ltd. [1][2] - The business scope includes wastewater treatment and its recycling, as well as municipal facility management [1][2] Group 2 - The company is registered in the Pidu District of Chengdu, Sichuan Province, and is currently in operation [2] - The legal representative of the company is Xu Jing [1][2] - The company is classified under the national standard industry of wastewater treatment and recycling (D4620) [2]

Group 1 - Chengdu Gaoxin Xicheng Ring Water Treatment Co., Ltd. has been established with a registered capital of 410 million yuan [1] - The legal representative of the company is Xu Jing, and its business scope includes wastewater treatment and its recycling, as well as municipal facility management [1] - The company is jointly held by Chengdu Drainage Co., Ltd., a wholly-owned subsidiary of Xingrong Environment, and Chengdu Gaoxin Xiqu Development and Construction Co., Ltd. [1]

Group 1 - A new company named Jiangshan Wanli Yang Water Treatment Technology Co., Ltd. has been established with a registered capital of 13 million yuan [1] - The legal representative of the company is Wang Feng, and its business scope includes wastewater treatment and its recycling, smart water system development, environmental protection monitoring, and municipal facility management [1] - The company is jointly owned by Wanli Yang's wholly-owned subsidiary Zhejiang Wanli Yang New Materials Co., Ltd. and Jiangshan Economic Development Zone Development Investment Co., Ltd. [1]

Core Insights - Huaihua Zhongfang Yuzhao Recycling Resources Co., Ltd. has been established with a registered capital of 200,000 RMB [1] - The company is engaged in the processing of waste electrical and electronic products, which requires approval from relevant authorities before operations can commence [1] - The business scope includes recycling resource processing, technology research and development for resource recycling, wastewater treatment and reuse, and sales of recycled resources [1] Company Overview - The legal representative of the company is Yin Shengqiang [1] - The registered capital is set at 200,000 RMB, indicating a modest initial investment [1] - The company will focus on various activities related to recycling and resource recovery, including non-metal waste processing and second-hand goods sales [1]

Group 1 - Yantai Kangrun Water Co., Ltd. has been established with a registered capital of 316 million yuan [1] - The company's legal representative is Zhu Yuqiang, and its business scope includes sewage treatment and its recycling, water pollution control, and sales of environmental protection specialized equipment [1] - The company is jointly held by Yikang Technology Co., Ltd. and China Railway's wholly-owned subsidiary, China Railway Fourth Engineering Group Co., Ltd. [1]