Newange(831370)2024-12-02 11:28Group 1: Investor Relations Activity Overview - The investor relations activity took place on November 28, 2024, via the "Investor Relations Interactive Platform" [3] - Participants included the Vice President and CFO Liu Ling, Board Secretary Lin Zhimei, and Securities Affairs Representative Yang Yifan [3] Group 2: Cash Flow Concerns - The company experienced a significant decline in operating cash flow in Q3, which may increase short-term liquidity pressure and affect long-term capital expenditures and expansion plans [4] - Management plans to maintain a high level of cash reserves and improve cash flow through better management of accounts receivable and appropriate debt financing [4] Group 3: Accounts Receivable Management - As of Q3, accounts receivable amounted to CNY 466 million [4] - The company has established a special task force to expedite the collection of accounts receivable and is actively engaging with clients to enhance recovery efforts [4] Group 4: Project Updates - The oil-based rock debris resource utilization project in Xinjiang is expected to take 1-2 years, with the first phase scheduled for completion and trial operation by December 2025 [5] - The company has laid out plans for the project, including land infrastructure and environmental assessments [6] Group 5: Business Operations and Risk Management - The company operates in 17 provinces, with business shares in the Southwest and Central China regions at 38% and 19%, respectively [6] - The company has frozen assets primarily related to bidding and performance guarantees, which do not impact daily operations [6] Group 6: Future Outlook and Strategic Planning - The company does not foresee a risk of delisting even if it continues to incur losses in Q4 [7] - Future development plans include transitioning from traditional sanitation services to modern sanitation and diversified new business models, focusing on technology and process optimization [11]