Core Insights - The ecological and environmental protection industry is facing multiple challenges, including tightened local finances, extended project payment cycles, and intense market competition, leading many listed environmental companies to undergo passive transformations [1] - Zhenghe Ecology is addressing these challenges proactively by focusing on its core business and optimizing its ecological infrastructure layout, with a strategic plan set to be fully implemented by the second half of 2025 [1] Group 1: Strategic Focus - The company emphasizes a strategic focus on "ecological infrastructure" and aims to become a leading enterprise in this sector by leveraging China's water industry investment exceeding 1 trillion yuan for three consecutive years [1] - Zhenghe Ecology is concentrating on the "Beijing-Tianjin-Hebei and nearshore marine governance" markets, establishing phased goals to enhance its market position [1] Group 2: Technological Innovation - The company is enhancing its ecological infrastructure project quality through increased R&D investment, collaborating with national research institutions to focus on river and lake wetland restoration and marine ecological restoration [2] - The business model has evolved from EPC to a full lifecycle service model known as EPCO, integrating research, design, construction, and operation [2] Group 3: Financial Performance and Market Strategy - The company is intensifying its payment collection efforts, aiming for a total of 900 million yuan in collections for the year, with a focus on projects in Tangshan and Taiyuan [3] - To strengthen its core competitiveness in ecological infrastructure, the company is investing in water conservancy and municipal qualifications, and is committed to cultivating a high-quality talent pool through training and recruitment [3]