Group 1: Contract and Revenue Information - As of the end of 2024, the company has unrecognized revenue contracts totaling 30.79 billion CNY in water treatment, 9.34 billion CNY in solid waste treatment, and 1.62 billion CNY in flue gas governance [2] - The engineering contract amount is 13.28 billion CNY, with an implementation period expected to be 1-3 years, while the operational contract amount is 17.51 billion CNY, with implementation based on project concession periods [2] Group 2: Business Segments - The water treatment segment provides comprehensive services in industrial water treatment and urban water environment governance, with nearly 30 wastewater treatment projects across various locations in China [2][3] - The solid waste segment utilizes proprietary technology for sludge drying and coupling treatment, focusing on various waste management solutions including hazardous waste disposal and biomass power generation [3][4] Group 3: Market Position and Growth - The company holds a leading position in the nuclear power water treatment sector, with a contract amount of approximately 3.63 billion CNY for major projects, including non-radioactive industrial wastewater treatment for several nuclear power stations [6][7] - In 2024, the company expanded its flue gas governance business by undertaking multiple projects, enhancing its market share in traditional power industries [5] Group 4: Financial Management and Risk Control - The company emphasizes maintaining stable cash flow and has implemented measures to control accounts receivable risks, including contract management and customer credit tracking [9] Group 5: Core Competencies - The company's core competencies include comprehensive ecological environment governance capabilities, focusing on integrated solutions across the entire lifecycle of environmental services [10] - It has developed multiple core technologies and established a collaborative innovation mechanism to enhance project delivery and operational efficiency [10]