XREC(SZ:000598)2024-09-20 11:52Group 1: Project Overview - The company operates and has ongoing projects with a water supply capacity of approximately 4.3 million tons/day, wastewater treatment capacity of about 4.8 million tons/day, and a recycling water project capacity of around 1.1 million tons/day [1] - The company is also involved in waste incineration power generation with a capacity of 12,000 tons/day and leachate treatment capacity of 8,430 tons/day [1] - Ongoing projects include Chengdu Water Supply Plant Phase III, Phoenix River Secondary Water Plant, and several others expected to be operational within the next 1-2 years [2] Group 2: Pricing Mechanisms - Water pricing adjustments are subject to national policies and must go through cost audits and public hearings before implementation [2] - Wastewater treatment service fees are typically adjusted every 2-3 years, with provisions for temporary adjustments based on significant cost changes [2] - The tentative price for wastewater treatment in Chengdu's central urban area for 2024-2026 is set at 2.63 yuan/ton [3] Group 3: Financial Management - The company has seen an increase in accounts receivable in line with revenue growth due to market expansion [3] - The company maintains a AAA credit rating, ensuring smooth financing channels and low overall financing costs [3] - Future dividend considerations will focus on sustainable development and enhancing shareholder returns while meeting operational funding needs [3]