Core Points - The project in Donghai County, led by Wandes Environmental Technology Co., Ltd., has successfully entered the trial operation phase after the first garbage collection vehicle unloaded kitchen waste [1] - The project aims to enhance kitchen waste management in Donghai County, with a total investment of 87.5 million yuan, designed to process 100 tons of kitchen waste and 10 tons of grease daily [1] - The project employs advanced technology including "pre-treatment + mesophilic anaerobic digestion + biogas purification and utilization + wastewater pre-treatment + deodorization" to convert kitchen waste into biodiesel and clean energy, achieving the goals of harmlessness, reduction, and resource utilization [1] Investment and Operational Details - The project is a collaborative effort involving multiple local government departments, including the Urban Management Bureau, the local government, and various planning and environmental agencies [1] - The service coverage includes all catering enterprises, institutional canteens, and households in the county, effectively collecting various types of kitchen waste [1] - The project addresses environmental governance shortcomings in the region, contributing to improved waste management practices [1]

Core Viewpoint - The company has signed a concession agreement for a kitchen waste treatment project in Luoyang, which is expected to enhance its future business development and operational performance despite not having a significant impact on the 2025 financial results [1] Group 1: Project Details - The concession agreement was signed between the company's subsidiary and the Luoyang Urban Management Bureau [1] - The project involves a service fee of 200 yuan per ton for kitchen waste treatment [1] - The estimated total investment for the project is 37.941 million yuan [1] - The concession period for the project is set for 15 years [1] Group 2: Capacity Expansion - The project will increase the kitchen waste treatment capacity by 200 tons per day [1] - The sewage treatment capacity will be expanded by 300 tons per day [1] - An expansion of the pre-treatment workshop is also included in the project [1] Group 3: Financial Impact - The project is not expected to have a significant impact on the company's operating performance in 2025 [1] - However, it is anticipated to have a positive effect on the company's future business development and operational performance [1]