Hualan (SZ:301027)2026-01-21 10:36Group 1: Accounts Receivable Management - The company's main clients are government departments, public institutions, and government platform enterprises [2] - Accounts receivable impairment is estimated based on expected credit losses, following strict accounting standards [2] - Positive debt resolution measures by the Guangxi Zhuang Autonomous Region government have aided in the recovery of accounts receivable since 2025 [2] Group 2: Business Types and Expansion - The company's design services primarily focus on architectural design, with additional services in land spatial planning, municipal design, and urban renewal [2] - Recent expansions include water conservancy and electrical design, achieving a secondary qualification in the water conservancy engineering design sector [3] - The proportion of contracts from outside Guangxi has been increasing, with 22% of contracts in the first half of 2025 coming from outside the region [3] Group 3: International Business Development - The company has established an international business division and opened an office in Cambodia to explore markets in Southeast Asia, including Laos [3] - Business operations are also being developed in countries like Pakistan and Kazakhstan, with plans to enhance international outreach [3] Group 4: Investor Relations Activity - The investor relations activity was conducted on January 21, 2026, with representatives from Guangfa Securities present [2] - The meeting involved thorough communication with investors, adhering to regulations without disclosing any significant undisclosed information [3]