Guotong shares: The uneven pace of bidding and tendering for large-scale water conservancy projects in various regions has put pressure on the company's new order intake.

Guotong Holdings recently stated at a performance briefing that the current investment in water conservancy infrastructure is increasing, but the market and product competition is fierce. The bidding and release rhythm of large-scale water conservancy projects in various regions is unbalanced, leading to temporary pressure on the company's new orders. The company has always been focused on the core business of PCCP water supply pipelines, relying on its own production, technology, and regional advantages to make water conservancy and municipal pipeline networks the foundation of its long-term development. The management team and various business units are actively promoting market development, proactively connecting with national major water networks and water diversion projects, continuously increasing focus on key regional business, adopting multiple measures to seize industry development opportunities, and making efforts to improve order acceptance, steadily consolidating the foundation of the core business.