滇池水务2025 年度报告

(A joint stock company incorporated in the People’s Republic of China with limited liability) Stock Code3 768 2025年度報告ANNUAL REPORT CONTENTS目 錄 2CHAPTER ONECORPORATE INFORMATION6CHAPTER TWOLETTER FROM THE CHAIRPERSON10CHAPTER THREEDEFINITIONS17CHAPTER FOURGLOSSARY OF TECHNICAL TERMS19CHAPTER FIVESUMMARY OF OPERATING AND FINANCIAL DATA22CHAPTER SIXMANAGEMENT DISCUSSION AND ANALYSIS61CHAPTER SEVENPROFILES OFDIRECTORSAND SENIOR MANAGEMENT71CHAPTER EIGHTREPORT OF THE BOARD OF DIRECTORS113CHAPTER NINECORPORATE GOVERNANCE REPORT151CHAPTER TENINDEPENDENT AUDITOR’S REPORT158CHAPTER ELEVENCONSOLIDATED FINANCIAL STATEMENTS305CHAPTER TWELVEENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT CHAPTER ONECORPORATE INFORMATION 153232033209 Jingtian & Gongcheng LLPSuites 3203-3209, 32/FEdinburgh TowerThe Landmark15 Queen’s Road CentralCentralHong Kong HONG KONG LEGAL ADVISER TOTHE COMPANY 214 PRC LEGAL ADVISER TO THECOMPANY Yunnan Jianguang Law Firm14th Floor, Block 2, NanyuechengGuangfu RoadXishan DistrictKunming, Yunnan ProvincePRC 1617 2025926 Mr. Zeng Feng(Chairperson)Mr. Chen Changyong(General Manager)Ms. Lian Zhaoju(appointed on 26 September 2025) 20258222025926 Mr. Xu JingdongMs.Cheng YijingMr. Zhang Yang(resigned on 22 August 2025)Ms. Gao Yuan(appointed on 26 September 2025) Non-executive Directors 202511282025122320258202025926 Independent Non-executive DirectorsMr. Zha GuiliangMs. Zheng Dongyu(resigned on 28 November 2025)Ms. Fu Jifang(appointed on 23 December 2025)Mr. Ong King Keung(resigned on 20 August 2025)Dr. Chan Ho Wah Terence(appointed on 26 September 2025) CHAPTER ONECORPORATE INFORMATION BOARD COMMITTEES 202511282025122320258202025926 Mr. Zha Guiliang(Chairperson)Ms. Zheng Dongyu(resigned on 28 November 2025)Ms. Fu Jifang(appointed on 23 December 2025)Mr. Ong King Keung(resigned on 20 August 2025)Dr. Chan Ho Wah Terence(appointed on 26 September 2025) Audit Committee 20258202025926 Remuneration and AppraisalCommittee Mr. Ong King Keung(Chairperson,resigned on 20 August 2025)Dr. Chan Ho Wah Terence(Chairperson,appointed on 26 September 2025)Mr. Zeng FengMr. Zha Guiliang 202511282025122320258202025926 Ms. Zheng Dongyu(Chairperson,resigned on 28 November 2025)Ms. Fu Jifang(Chairperson,appointed on 23 December 2025)Mr. Zeng FengMr. Ong King Keung(resigned on 20 August 2025)Dr. Chan Ho Wah Terence(appointed on 26 September 2025) Strategy and Investment DecisionCommittee Mr. Zeng Feng(Chairperson)Mr. Chen ChangyongMr. Zha Guiliang 20251820251820254272025627 BOARD OF SUPERVISORS CHAPTER TWOLETTER FROM THE CHAIRPERSON Dear Shareholders, T h ey e a r 2 0 2 5 m a r k e d a c r u c i a l y e a r f o r c o m p r e h e n s i v e l yimplementing the deepening reform of the ecological civilizationsystem and advancing the construction of a Beautiful China, as well asthe concluding year for achieving the objectives of the “14th Five-YearPlan”. Kunming Dianchi Water Treatment Co., Ltd. (the “Company”)has always adhered to the philosophy of “ecological priority and greendevelopment”, focuses on “protecting lucid waters and lush mountains”,continuously advances the battles to protect blue skies, clear watersand pure lands, actively responds to the “dual carbon” initiative,deepens its principal business, and strives to promote a green andlow-carbonoperation, thereby driving the Company’s high-quality andsustainable development. 2025 PERFORMANCE REVIEW: 20251,479.6196.20.19 O v e r t h e p a s t y e a r , t h e c o m p l e x a n d v o l a t i l e m a c r o e c o n o m i cenvironment and geopolitical competition continuously challenged theresilience of the real economy. Meanwhile, facing increasingly stringentenvironmental regulatory requirements, the Company remainedsteadfast in its original aspiration of “protecting lucid waters andlush mountains” andits mission of empowering green development.By focusing on the core tasks of improving quality and enhancingefficiency, the Company steadily advanced its various strategicdeployments, maintaining a stable momentum in its operations anddevelopment. In 2025, the Company recorded total operating revenueof RMB1,479.6million. The net profit attributable to the Shareholderswas approximately RMB196.2million, and basic earning per share wasapproximately RMB0.19. CHAPTER TWOLETTER FROM THE CHAIRPERSON 2025652.7101.6 In terms of main business, leveraging extensive wastewater treatmentexperience, industry-leading operational management capabilities,and a mature, professional operational team, the Company maintainedwastewater treatment as its fundamental business, and implementedstandardized and refined management, striving to reduce operatingcosts and enhance operational efficiency. The Company capitalized onpolicy window periods to seize opportunities for equipment upgradesand renovations, vigorously advancedthe integration of key projectconstruction with green development, and continuously promotedcost reduction and efficiency enhancement. In 2025, the