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]