XREC(SZ:000598)2025-12-11 11:32Group 1: Current Operations and Projects - The company operates and is constructing water supply projects with a scale of approximately 4.3 million tons/day, wastewater treatment projects exceeding 12,000 tons/day, and waste incineration power generation projects with a scale of 480 tons/day [2] Group 2: Business Development Strategy - The company focuses on water and environmental protection, emphasizing both "internal growth and external mergers" while integrating supply and drainage services [2][3] - Plans to expand into strategic emerging markets in water and environmental protection, including recycled water utilization and kitchen waste disposal [3] Group 3: Pricing Mechanism - Water supply prices are adjusted based on national policies and agreements, requiring approval from government price authorities [3] - Wastewater treatment service fees are adjusted according to agreements with government entities, typically every 2 to 3 years [3] Group 4: Market Value Management - The company prioritizes market value management by enhancing fundamentals and operational efficiency to solidify intrinsic value [4] - Actively listens to market feedback and continuously improves the market value management mechanism [5] Group 5: Dividend Considerations - Due to significant capital expenditures on various projects, the company plans to enhance dividend levels once projects are operational and free cash flow increases [5]