Group 1: Financial Performance and Strategy - The company plans to use funds from the recent capital increase for projects aligned with its strategic development [1] - In 2024, the company completed drilling 144 wells and put 151 wells into operation, achieving its annual production targets [2][3] - The company aims to enhance investor confidence through strategic measures such as share buybacks and dividend planning [4][6] Group 2: Sustainable Development and ESG Initiatives - The company has disclosed its ESG report for 2024, emphasizing its commitment to environmental protection and social responsibility [2] - It has integrated ESG management principles into its operations, leveraging digital technology for low-carbon development [2] Group 3: Resource Management and Production Capacity - The company increased its proven geological reserves by 57.22 billion cubic meters and expanded its gas-bearing area by 38.3 square kilometers [3] - It has implemented a dual-track approach to maintain production from existing wells while accelerating new well development [3] Group 4: Market Position and Future Outlook - The company is focusing on expanding its market presence beyond Shanxi Province to regions like Henan, Anhui, and Jiangsu [5] - It has established a comprehensive production operation model for coalbed methane, enhancing its competitive edge in the industry [6][10] Group 5: Talent and Technology Development - The company boasts a highly qualified workforce, including 3 PhDs and 97 master's degree holders, with a total of 492 R&D personnel [4] - It has developed a proprietary technology system for coalbed methane extraction, supported by collaborations with leading research institutions [4]

编号：2025-001 | 投资者关系 | 特定对象调研□分析师会议 媒体采访☑业绩说明会 | | --- | --- | | 活动类别 | 新闻发布会路演活动 | | | □现场参观 其他 | | 参与单位名称及 | 通过价值在线以网络方式参与公司 2024 年度暨 2025 年第一季度网上 | | 人员姓名 | 业绩说明会的广大投资者 | | 时间 | 2025 年 5 月 20 日 15：00-16:00 | | 地点 | 价值在线（www.ir-online.cn） | | | 董事长：胡立刚先生 总经理：龚铖先生 | | 上市公司 接待人员姓名 | 董事会秘书：郑彬先生 财务总监：熊毅先生 | | | 独立董事：郭炜先生 | | | 1、请问贵公司 25 年有没有除医药以外的项目收购重组计划？ | | | 答:您好，公司如有应披露的重大事项，将严格按照相关法律法规的规 | | | 定和要求及时履行信息披露义务，感谢您的关注！ | | | 2、公司人乳寡糖产品研究进展如何？ | | | 答：您好，公司与江南大学合作的人乳寡糖项目正在积极推进，力争 | | | 尽快将人乳寡糖产品获批上市。感谢 ...

Group 1: Company Performance and Financial Outlook - The company has been experiencing losses in recent years and is exploring specific measures to turn around its financial situation, including potential share buybacks and increasing cash dividends [2][3] - The company aims to improve its operational performance by focusing on core water treatment agent business and expanding into other synergistic business areas [2][4] - The overall performance of the water treatment agent industry has faced challenges due to increased competition, but the company's performance aligns with the current industry development pattern [3][4] Group 2: Strategic Initiatives and Market Position - The company is committed to innovation in the water treatment agent sector, enhancing product development and process optimization to meet national carbon neutrality goals [2][3] - Future growth points include focusing on complex wastewater treatment, water reuse, and desalination projects, leveraging the company's technical capabilities and project management experience [3][4] - The industry is expected to see increased demand for water treatment agents due to worsening water resource shortages and ongoing ecological civilization initiatives [4] Group 3: Project Updates and Regulatory Compliance - The company's subsidiaries are progressing with the relocation of the water treatment project and the phosphorus pentachloride project, currently in communication with regulatory authorities [4][5] - The company has confirmed that the investigation by the China Securities Regulatory Commission has concluded, and all business operations are running normally [5]

Group 1: Financial Performance - The company has experienced significant reduction in losses for the fiscal year 2024 compared to 2023, with total profit, net profit, and net profit attributable to shareholders showing marked improvement [6]. - The company is currently implementing a financing plan approved by the board, aimed at enhancing its financial stability and operational efficiency [2]. Group 2: Strategic Development - The company is actively formulating its "14th Five-Year" plan, focusing on integrating technology with cultural tourism to create a new tourism consumption model [3][4]. - The company aims to enhance its market competitiveness and operational capabilities through a systematic approach to product and service architecture, leveraging technological advancements [4][6]. Group 3: Future Outlook - The company is committed to a vision of "technology-enhanced cultural tourism and service consumption," with plans to closely monitor industry changes and improve its market position [5][6]. - The company is not currently planning to invest in or jointly operate with the Anning Hot Spring area, indicating a focus on existing projects [5]. Group 4: Management and Governance - As a state-owned enterprise, the company is establishing robust management systems to enhance its governance and value creation capabilities [4]. - The company is focused on optimizing its industry structure and adjusting its business direction in response to market opportunities and strategic goals [4].

Financial Performance - In 2024, the company achieved total revenue of 155.12 million, a decrease of 39% year-on-year [9] - The net profit was -116.29 million, a reduction in loss of 12.96% compared to the previous year [9] - The net profit attributable to shareholders was -115.39 million, down 6.23% year-on-year [9] Inventory and Supply Chain Management - The inventory turnover days extended to 210 days in 2024 due to delays in large equipment deliveries [2] - The inventory turnover rate increased to 1.06 times, up by 0.35 times year-on-year [2] Workforce and Talent Management - The total number of employees decreased by 12% in 2024, while the proportion of technical staff rose to 31% [3] - The company employed 331 individuals at the end of 2024, with 59 being technical personnel [3] Digital Transformation and Innovation - The progress of the digital factory construction fell behind expectations, with plans to enhance production transparency through MES and AI optimization [3] - The company aims to explore cross-base collaborative manufacturing through 5G and IoT technologies [3] Market Competition and Product Development - Revenue from road machinery business declined by 15% in 2024, but the gross margin for intelligent pavers increased to 32% [4] - The company plans to enhance its technological advantages through precision upgrades and integrated systems for asphalt recycling [4] Customer and Market Strategy - Core customers accounted for over 55% of revenue, with plans to diversify through municipal PPP projects and partnerships with logistics firms [9] - The company’s top five customers generated sales of 64.57 million, representing 41.62% of total sales [9] Environmental and Regulatory Compliance - Environmental investment increased by 63% year-on-year, although specific carbon reduction data was not disclosed [6] - Government subsidies accounted for 35% of net profit in 2024, primarily due to environmental equipment purchase subsidies [9] Debt and Financial Management - The asset-liability ratio rose by 9 percentage points to 67% in 2024, with a stable interest-bearing debt ratio [10] - The company maintained a dividend payout ratio of 0%, with cash funds dropping to 19% of total assets [10] Research and Development - R&D expenses grew by 22% to 110 million, but the R&D expense ratio was only 5.3% [10] - The company plans to balance investments in autonomous road rollers and upgrades to existing products [10]

Group 1: Future Development Strategy - The company aims to become a "leading smart broadcasting operator and smart city service provider" with a focus on "new infrastructure, new government-enterprise, new business, and new culture" [1] - Strategic planning includes: 1. Innovation-driven public business growth 2. Targeting key sectors to establish benchmarks in government-enterprise services 3. Leveraging data center capabilities for operational expansion 4. Diversifying operations and stabilizing leasing [1] Group 2: IDC Business Planning - The company plans to enhance its IDC business by participating in Shenzhen's high-quality development of computing infrastructure, focusing on sectors like finance, AI, and logistics [2] - Goals include improving the IDC value-added product system and optimizing management processes for efficient operations [2] Group 3: Cable TV Business Strategies - To counter revenue and profit declines, the company will focus on broadband integration and enhancing digital TV services to improve user experience [3] - The strategy includes leveraging local competitive advantages and enhancing service quality to attract and retain customers [3] Group 4: Digital Services in Government and Enterprises - In 2024, the company will expand digital applications in sectors like emergency broadcasting and smart education, aiming for comprehensive coverage of emergency broadcasting systems [4] - Future projects include breakthroughs in smart finance and smart city governance, with a focus on differentiated services to strengthen competitive advantages [4]

Group 1: Recent Operational Performance - The company reported a revenue of approximately 29.763 billion yuan for 2024, representing a year-on-year increase of 17.37% [1] - The net profit attributable to shareholders was about 2.029 billion yuan, showing a significant year-on-year growth of 147.79% [2] - The net profit after deducting non-recurring gains and losses was approximately 1.962 billion yuan, with a year-on-year increase of 126.9% [2] Group 2: Q1 2025 Performance - In Q1 2025, the company achieved a revenue of around 7.29 billion yuan, reflecting a year-on-year growth of 7.96% [2] - The net profit attributable to shareholders was approximately 413 million yuan, indicating a year-on-year decline of 27.3% [2] - The net profit after deducting non-recurring gains and losses was about 384 million yuan, down 33.81% year-on-year, primarily due to a decrease in chemical product prices [2] Group 3: Future Dividend Policy - The profit distribution plan for 2024 proposes a cash dividend of 3.50 yuan (including tax) for every 10 shares based on the total share capital at the end of 2024 [2] - The company will determine future dividend plans in accordance with regulatory requirements and based on profitability and operational needs [2] Group 4: Market Response Strategies - The company aims to maintain stable production while actively responding to market changes, adjusting product output and structure as needed [2] - The focus is on achieving efficiency through lean production and enhancing internal potential, with a goal to outperform industry averages [2]

Group 1: Company Performance and Achievements - In 2024, the company achieved a turnaround, significantly improving its operational results [2][3] - The company proposed a profit distribution plan for 2024, distributing cash dividends of 0.02627 CNY per 10 shares, totaling 2,592,399.56 CNY, which accounts for 30% of the available undistributed profits [5] Group 2: Technological Innovation - In 2024, the company focused on two main directions: upgrading core products and tackling new technological challenges, resulting in 16 proposed research topics and 10 high-quality completed research outcomes [3] - The company applied for 95 invention patents in 2024, receiving authorization for 47, and currently holds 179 valid invention patents [3] - The company actively participated in standard-setting, publishing 2 industry standards and completing submissions for 1 group standard and 13 enterprise standard drafts [3] Group 3: Future Development Strategy - The company aims to cultivate new productive forces, focusing on technological innovation and the development of the emergency industry, aligning with national emergency force construction and safety industry development plans [6] - Future product development will emphasize unmanned, intelligent, and digital transformations to meet the needs of military operations and government disaster relief [6] - The company remains committed to its mission of contributing to human safety through emergency services, while continuously enhancing market competitiveness [6]

Group 1: Industry Overview - The methane management industry includes biogas, coal mine gas, coalbed methane, and associated gas from oil fields, with a broad market space for combustible gases [2][3] - In 2024, China's renewable energy installed capacity exceeded 1.5 billion kilowatts, reflecting the industry's shift towards "refined governance + diversified collaboration" under the "dual carbon" strategy [3] Group 2: Company Performance and Future Growth - The company maintains its core business in landfill gas power generation while actively expanding into diversified biogas power generation fields, including animal husbandry biogas and kitchen waste biogas [4] - The company has launched its photovoltaic project in Colombia, generating revenue of 14.19 million yuan in 2024, achieving profitability [5] Group 3: Financial Challenges - In 2024, the company faced a loss primarily due to asset impairment provisions amounting to 144.76 million yuan, influenced by industry policies reducing landfill waste intake [10] - The company reported unrecognized subsidy income of approximately 12.7 million yuan for 2024, impacting net income by the same amount [10] Group 4: International Expansion - The company has initiated biogas power generation projects in Colombia and Malaysia, with both projects expected to be operational in 2025 [7] - The company is accelerating its international market layout for landfill gas power generation and global development of photovoltaic projects [4]

Financial Performance - In 2024, the company achieved an operating revenue of CNY 1,806.13 million, a year-on-year increase of 4.12% [2] - The net profit attributable to shareholders was CNY 76.63 million, a decline of 10.49% compared to the previous year [2] - The net cash flow from operating activities was negative CNY 123.05 million, primarily due to increased raw material purchases and changes in payment methods [3] - In Q1 2025, the company reported a net profit of CNY 17.47 million, with a year-on-year increase of 202.65% in the net profit excluding non-recurring items [4] Market Strategy - The company plans to actively pursue an overseas expansion strategy to mitigate trade policy risks and enhance supply chain security [3] - Domestic sales volume reached approximately 22,000 tons in 2024, representing a growth of 28.20% and accounting for 25.75% of total sales [4] - The company is focusing on emerging markets, particularly RCEP member countries, to diversify its export regions [5] Investment and R&D - As of the end of 2024, over 60% of the fundraising projects had been utilized, with significant progress in the stainless steel fastener production and smart warehousing project [4] - R&D investment in 2024 was CNY 25.07 million, accounting for 1.39% of operating revenue, with 17 new products developed, a year-on-year increase of 142.86% [4] Risk Management - The company is actively monitoring international trade policy changes and implementing measures to address potential tariff and trade barrier risks [6] - The asset-liability ratio for 2024 was 32.28%, indicating a reasonable overall debt level [8] Competitive Advantage - The company's core competitive advantages include R&D and technology, intelligent manufacturing, marketing channels, and export quality [9] - The significant increase in Q1 2025's net profit excluding non-recurring items reflects improved profitability in core business operations [10]