Core Viewpoint - The interview with the company secretary highlights the strategic direction and operational performance of Beijing Capital Eco-Environment Protection Group Co., Ltd., emphasizing its commitment to innovation and sustainable development in the environmental industry. Company Overview - Beijing Capital Eco-Environment Protection Group Co., Ltd. was established in 1999 and is a flagship listed company controlled by Beijing Capital Group, ranked among the top 500 enterprises in China [3] - The company focuses on providing comprehensive solutions in urban environment, municipal public utilities, and corporate environmental energy-saving sectors, aiming to be a builder and guardian of a beautiful China [3] Financial Performance - In 2024, the company achieved an operating revenue of 20.05 billion yuan, maintaining stability, with a net profit attributable to the parent company of 3.528 billion yuan, an increase of 119.14% [3] - The revenue from operational business reached 15.408 billion yuan, with the proportion of operational revenue in total revenue increasing by 8.36 percentage points year-on-year [3] - The net cash flow from operating activities was 4.083 billion yuan, up 19.30% year-on-year, indicating improved profitability and cash flow management [3] Strategic Focus - The company recognizes the shift in industry dynamics from "investment and construction" to "technology, operations, management, and integration of the industrial chain" [7] - The "Ecology + 2025" strategy aims to enhance operational capabilities and optimize business structures, focusing on improving key production efficiency indicators and cost control [7][11] Innovation and Technology - Technology innovation is identified as the primary driver for developing new productive forces, with a focus on integrated and efficient industry solutions [5] - As of the end of 2024, the company holds 153 invention patents, 929 utility model patents, and 16 design patents, showcasing its commitment to technological advancement [8] - The "Blue Water Factory" concept, introduced in 2017, has led to the development of the Capital CREATE aerobic granular sludge technology, which offers over 35% land savings and reduces operational costs by over 20% while cutting carbon emissions by approximately 30% [9] Industry Trends - The environmental industry is undergoing a transformation from "end-of-pipe treatment" to "source control and resource recycling," driven by policy deepening, technological revolutions, and innovative models [6] - The industry is expected to enter a dual phase of "deepening transformation" and "strategic opportunity" by 2025, with a shift towards green and low-carbon practices [5] Risk Management - The company employs a three-pronged strategy of urbanization, project productization, and value diversification to enhance market strategies and operational resilience [11] - The focus is on leveraging national project layout advantages and transitioning from "experience-based" to "scientific" operational models [11] Research and Development - The company’s R&D investment is aligned with its "Ecology +" strategy, emphasizing green and high-quality development [12] - Successful completion of the ASMART wastewater treatment plant model data registration marks a significant step in transforming data resources into value [12][14]

Meeting Details - The annual shareholder meeting of Beijing Shouchao Ecological Environmental Protection Group Co., Ltd. is scheduled for May 29, 2025, at 9:30 AM in Beijing [1] - The meeting will include both on-site and online voting, with specific time slots for participation [1] Meeting Agenda - The meeting will cover the introduction of attendees, announcement of the meeting's commencement, discussion and voting on proposals, and the announcement of voting results [1][2] - Shareholders will have the opportunity to ask questions and express opinions during the meeting [1] Company Performance - For the reporting period, the company achieved operating revenue of 20.05 billion yuan, a decrease of 6.01% year-on-year, while net profit attributable to the parent company was 3.528 billion yuan, an increase of 119.14% [5] - The decline in revenue was primarily due to the reduced scope of consolidation following the disposal of Singapore's ECO company and a decrease in the number and scale of water projects [5] - The company’s operational revenue was 15.408 billion yuan, construction revenue was 3.709 billion yuan, and other business revenue was 933 million yuan, with operational revenue's proportion increasing by 8.36 percentage points year-on-year [5] Governance and Compliance - The company has established a governance structure that complies with the Company Law and Securities Law, ensuring the protection of investors' rights [6][8] - The board of directors held 15 meetings during the reporting period, with a composition that meets legal requirements [7] - The company has been recognized for its governance practices, being selected as a best practice case by the China Listed Companies Association [8] Strategic Initiatives - The company is focusing on deepening its "Ecological+" strategy amid industry challenges, emphasizing innovation and technology-driven development [4] - The company aims to enhance its business structure and profitability while participating in the construction of Beijing's international technology innovation center [4] Business Segments - The water treatment business generated main operating revenue of 3.339 billion yuan, a year-on-year increase of 5.08%, with a gross margin of 34.99% [11] - The wastewater treatment business achieved main operating revenue of 6.606 billion yuan, a year-on-year increase of 3.71%, with a gross margin of 39.54% [12] - The solid waste treatment business reported main operating revenue of 4.041 billion yuan, a year-on-year decrease of 11.47%, while the garbage incineration power generation business saw revenue of 1.991 billion yuan, a year-on-year increase of 6.38% [14] Innovation and Technology - The company is actively promoting technological innovation, with 52 research projects underway and several technology products being commercialized [20][21] - The establishment of the WEAM ecological smart operation platform has been a significant step in enhancing operational efficiency [21] Financial Management - The company reported a net cash flow from operating activities of 4.083 billion yuan, an increase of 19.30% year-on-year, indicating improved cash flow management [5] - The company has implemented cost control measures, achieving a 19.73% reduction in procurement costs [19]