XREC(SZ:000598)2025-10-14 12:44Group 1: Business Expansion Plans - The company focuses on water and environmental protection, emphasizing "internal growth and external expansion" while integrating supply, drainage, and treatment [2] - Plans to strengthen cooperation within Sichuan province and explore markets outside the province to leverage scale effects and create incremental performance [2] - Actively pursuing diversification in the water and environmental sector, including recycled water utilization and entering niche markets such as kitchen waste disposal and resource recovery from waste [2][3] Group 2: Project Timelines - The Chengdu Water Supply Plant Phase III, with a capacity of 400,000 tons/day, is expected to be operational within 2025 [3] - Several wastewater treatment projects are anticipated to be operational within the next 1-2 years, including the Chengdu Sixth Reclaimed Water Plant Phase II and the Chengdu Cooperation Wastewater Treatment Plant Phase IV [3] - The Chengdu Wanxing Environmental Power Plant Phase III is projected to be operational in 2026 [3] Group 3: Dividend Considerations - The company has significant capital expenditures due to multiple ongoing projects, which are expected to stabilize in the next 1-2 years as projects come online [3] - Plans to enhance dividend levels based on comprehensive assessments of operational funding needs, profitability, and cash flow [3] Group 4: Revenue Composition - "Other industries" in the 2025 semi-annual report includes revenue from services outside of water supply and wastewater treatment, such as detection, design, and equipment sales [3]