XREC(SZ:000598)2024-07-10 11:37Group 1: Pricing Mechanisms - The water pricing adjustment mechanism is based on national policies and agreements, requiring approval from government price authorities after cost audits and hearings [1] - The sewage treatment service fee is adjusted according to the terms in the franchise agreement, typically every 2 to 3 years, with a temporary adjustment possible due to significant cost changes [2] - The tentative price for sewage treatment in Chengdu's central urban area for the 2024-2026 period is set at 2.63 CNY per ton [2] Group 2: Business Expansion - The company focuses on becoming a national water and environmental service provider, expanding both vertically and horizontally along the business chain [2] - Efforts are being made to enhance market share and influence in the Chengdu area while also expanding quality resources nationwide [2] Group 3: Collaborations and Financing - The company collaborates with the Three Gorges Group, which has appointed a director to participate in management and explore cooperation opportunities [2] - The company has maintained an AAA credit rating for several years, ensuring smooth financing channels and lower overall financing costs [2] Group 4: Dividend Considerations - The company emphasizes shareholder returns and plans to adjust the dividend payout ratio while considering operational needs and future development funding [3]