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]

Group 1 - The newly established company, Ruoqiang County Che'erchen Engineering Management Co., Ltd., has a registered capital of approximately 300 million yuan and its business scope includes sewage treatment and its recycling, smart water system development, highway and waterway engineering testing services, and land remediation services [1][2] - The company is jointly held by China State Construction Engineering Corporation's subsidiary, China State Construction Xinjiang Group Co., Ltd., and Guangdong Construction Engineering Group Co., Ltd. [1][3] - The company is classified as a state-owned limited liability company and is located in Ruoqiang County, Bayingolin Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region [2][3] Group 2 - The major shareholder, Water Conservancy Development Investment (Ruoqiang) Co., Ltd., holds a 51% stake, while China State Construction Xinjiang Group Co., Ltd. holds approximately 28.76% [3] - The company is registered with a business duration until August 25, 2025, and is currently in operation [2][3] - The business activities include general project management services, investment activities with self-owned funds, water resource management, hydrological services, ecological system protection management, water pollution control, and land remediation services [2][3]

Company Overview - Zibo Hehai Water Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Zibo Zhoucun Jinbu Construction Investment Co., Ltd. [1] - The legal representative of the company is Fan Xiaorui [1]. Business Scope - The company’s business scope includes wastewater treatment and its recycling, on-site drinking water sales, natural water collection and distribution, construction engineering, food sales, and water supply services [1]. - Additional services include water resource management, rainwater and saline water collection and treatment, water quality monitoring, pollution control, environmental protection consulting, and various construction-related services [1]. Industry Classification - Zibo Hehai Water Co., Ltd. operates within the national standard industry of electricity, heat, gas, and water production and supply, specifically focusing on water production and supply [1].

Group 1 - A new company, Yongshan Fengyuan Wastewater Treatment Co., Ltd., has been established with a registered capital of 32.2144 million yuan [1] - The legal representative of the company is Zhang Weimin, and its business scope includes wastewater treatment and its recycling [1] - The company is wholly owned by Wuhan Tianyuan, as indicated by the equity penetration data from Tianyancha APP [1]

Company Overview - New Tai Yier Si Water Co., Ltd. has been established with a registered capital of 5 million RMB, fully owned by Anhui Yier Si Ecological Technology Co., Ltd. [1] - The legal representative of the company is Gao Xiujiu [1]. Business Scope - The company’s business scope includes wastewater treatment and its recycling, environmental consulting services, project management services, water environment pollution prevention services, and various technical services [1]. - Additional activities include water pollution control, sales of environmental protection specialized equipment, manufacturing of ecological environmental materials, and development of intelligent water systems [1]. Industry Classification - The company operates within the national standard industry of electricity, heat, gas, and water production and supply, specifically focusing on water production and supply [1]. - The company is classified as a limited liability company (non-natural person investment or holding) [1]. Registration Details - The company is registered in Xinwen Street, Xintai City, Tai'an City, Shandong Province, with a business duration until August 11, 2025, and no fixed term thereafter [1]. - The registration authority is the Xintai Market Supervision Administration [1].

Group 1 - A new company, Yongshan Fengyuan Wastewater Treatment Co., Ltd., has been established with a registered capital of 32.2144 million RMB [1] - The company is wholly owned by Wuhan Tianyuan Group Co., Ltd., which holds 100% of the shares [1] - The business scope includes wastewater treatment and its recycling [1] Group 2 - The legal representative of the company is Zhang Weimin [1] - 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 registered address is located in Yongxing Street, Jingxin Community, Yongshan County, Zhaotong City, Yunnan Province [1]

Core Viewpoint - The company has successfully completed the registration procedures for changes in its name, registered address, and business scope, along with the filing of its revised Articles of Association [1][2][3] Group 1: Company Name and Registration - The company name has been officially changed to Guangxi Greentown Water Group Co., Ltd. [2] - The registered capital of the company is 882,973,077 yuan [2] - The legal representative of the company is Huang Donghai [2] Group 2: Business Scope - The company’s business scope includes water production and supply, construction engineering, inspection and testing services, and on-site drinking water sales [2] - Additional general projects include wastewater treatment and recycling, municipal facility management, technical services, environmental protection monitoring, and resource management [2] Group 3: Articles of Association - The Articles of Association have been revised to comply with the requirements of the Guangxi Market Supervision Administration, with specific clauses being standardized [3] - Other than minor changes in numbering, the content of the Articles remains largely unchanged [3]

Core Viewpoint - Zhongshan Public Utility (000685.SZ) is strengthening its solid waste business through the acquisition of 100% equity in Changqing Environmental Energy and Changqing Thermal Energy for 494 million yuan, aiming to enhance its operational scale and synergy within its solid waste projects [1][2][3]. Acquisition Details - The acquisition process has been ongoing for two years, with a framework agreement signed in June 2023 and a supplementary agreement extending the negotiation period until May 2024 [2]. - The two target companies, Changqing Energy and Changqing Thermal, are involved in power generation, transmission, and solid waste management, with a designed waste incineration capacity of 2,250 tons per day [2][3]. Financial Performance - In 2024, the solid waste segment of Zhongshan Public Utility achieved revenue of 763 million yuan, a 32% increase year-on-year, contributing 13.43% to total revenue [1][5]. - The revenue from garbage power generation reached 364 million yuan, up 9%, while sanitation service revenue surged by 63.48% to 399 million yuan [5]. Business Development - Zhongshan Public Utility is focused on expanding its core business areas, including environmental water services, solid waste management, and renewable energy [4]. - The company has completed multiple acquisitions in 2024 to enhance its capabilities in solid waste and sanitation services [5]. Operational Efficiency - The company processed 138,250 tons of household waste in 2024, generating 569 million kilowatt-hours of electricity, with an increase in power generation efficiency [6]. - The sanitation service market share exceeds 40%, with operations extending to multiple regions, including five landfill management projects in Shenzhen [6]. Overall Financial Growth - In 2024, Zhongshan Public Utility reported total revenue of 5.678 billion yuan, a 9.22% increase, and a net profit of 1.199 billion yuan, up 24.02% [7]. - In the first quarter of 2025, the company achieved revenue of 977 million yuan, reflecting an 8.25% year-on-year growth, with net profit increasing significantly [7].