Mission Statement, Vision, & Core Values (2026) of Chengdu Xingrong Environment Co., Ltd.

Founded in 1995, Chengdu Xingrong Environment Co., Ltd. has grown into a leading urban environmental service provider in Western China, operating in cities from Chengdu and Xi'an to Shenzhen and Haikou and running over 20 treatment plants with a combined handling capacity exceeding 1 million tons annually; in 2022 alone Xingrong processed about 600,000 tons of municipal solid waste with a recycling rate of 35%, while investing roughly 300 million CNY in facility upgrades to cut emissions and improve compliance, pursuing a mission centered on sustainable, cost-effective services (average revenue ~800 CNY/ton) and technological innovation that reduced processing costs by 15% in 2022; its vision to become a global integrated environmental-services leader includes exports to over 30 countries and ambitions for 50% international revenue, a commitment to reduce carbon emissions 30% by 2030 versus 2023 with operational neutrality by 2045 and 100% renewable energy use, and core values-embodied in the "Camel Spirit"-that stress responsibility, integrity, pragmatic cooperation and a service ethos of objectivity, impartiality and unity, underpinning a market presence valued at about 21.42 billion CNY as of December 2025

Chengdu Xingrong Environment Co., Ltd. (000598.SZ) - Intro

• Founded: 1995
• Core services: Water supply, sewage treatment, municipal solid waste (MSW) collection and treatment, resource recovery
• Geographic footprint: Chengdu, Xi'an, Lanzhou, Yinchuan, Shenzhen, Haikou and other cities
• Operational assets: Over 20 waste treatment plants nationwide

• Provide safe, reliable urban environmental services that protect public health and ecosystems.
• Deliver sustainable waste-to-resource solutions that reduce landfill dependence and drive circular economy outcomes.
• Use advanced treatment technologies to improve water quality, increase resource recovery, and lower emissions.

• Become the benchmark environmental services operator in Western China and a leading integrated environmental services platform nationally.
• Achieve industry-leading recycling and resource-recovery rates through technology adoption and operational excellence.
• Expand public-private partnerships and build replicable models for urban environmental infrastructure.

• Safety and Compliance: Zero-tolerance for environmental non-compliance and commitment to worker safety.
• Innovation: Continuous investment in treatment technologies and digital operations.
• Customer Focus: Reliable utility services and responsive municipal partnerships.
• Responsibility: Long-term stewardship of water and waste resources for communities served.

• Scale integrated water-and-waste platforms in second- and third-tier cities.
• Increase resource recovery to target recycling rates above current levels through MRFs, anaerobic digestion, and waste-to-energy projects.
• Strengthen digital operations (SCADA, IoT, predictive maintenance) to reduce OPEX and improve service reliability.
• Pursue PPPs and concession contracts to secure long-term, fee-based cash flows.

• Revenue drivers: municipal service fees, waste treatment fees, water tariffs, byproduct sales (energy, recyclates).
• Capital intensity: continued capex for plant upgrades, landfill remediation, and new plant construction.
• Market presence: listed as 000598.SZ with sizable market capitalization as noted above; investors monitor utilization rates, contract renewals, and recycling margins.

Chengdu Xingrong Environment Co., Ltd. (000598.SZ) - Overview

• Mission statement: Provide sustainable waste management solutions tailored to urban needs, emphasizing environmental responsibility and operational efficiency.
• Regulatory commitment: Operate in strict alignment with national standards, including the Solid Waste Pollution Prevention and Control Law, to ensure compliance and minimize environmental risk.
• Regional role: Act as a key provider of environmental services in the Chengdu region and adjacent urban centers, promoting circularity and pollution reduction.

• Capital investment in environmental upgrades: ~300 million CNY invested in facility upgrades to reduce emissions and improve compliance and efficiency.
• Pricing efficiency: Average revenue of ~800 CNY per ton of waste processed - positioned materially below broader industry averages.
• Technology and cost reduction: Deployment of automated waste sorting systems and process automation contributed to a reported 15% reduction in processing costs in 2022.
• Service orientation: Focus on cost-effective environmental services for municipal and industrial clients to scale volumes while maintaining lower unit prices.

• Emission reduction: Continuous retrofit of incineration and treatment lines, air and leachate controls, and monitoring systems funded through targeted capex.
• Cost leadership: Scale and process automation to sustain an average revenue around 800 CNY/ton while protecting margins via lower unit processing costs.
• Innovation pipeline: R&D and pilot deployments in waste sorting automation, sensor-driven process control, and resource recovery to expand recyclable and energy-recovery streams.
• Compliance & governance: Strengthening environmental management systems and third-party auditing to ensure operations meet or exceed national and provincial regulatory requirements.

Chengdu Xingrong Environment Co., Ltd. (000598.SZ) - Mission Statement

• Global leadership: expand market presence to over 30 export destinations and increase international revenue share to 50% by 2024.
• Green transition: integrate green and low-carbon practices across operations and product lines.
• Carbon targets: cut operational carbon emissions by 30% by 2030 (base year 2023) and reach operational carbon neutrality by 2045.
• Renewable energy: transition to 100% renewable energy use company-wide as part of long-term sustainable development.
• Quality trust ecosystem: advance national quality infrastructure and set benchmarking standards in green, low-carbon, and digital economy sectors.

• Strategic levers: energy efficiency upgrades, electrification of fleets and equipment, on-site and contracted renewables, carbon-offset and sequestration projects, digital monitoring for emissions and resource use.
• Governance & measurement: board-level sustainability oversight, annual public reporting against the 2023 baseline, third-party verification of emissions and renewable procurement.
• Stakeholder commitments: supply-chain decarbonization programs, customer-facing low-carbon product certifications, and community ecological restoration initiatives.

Chengdu Xingrong Environment Co., Ltd. (000598.SZ) - Vision Statement

• Embrace the future through technology-driven waste treatment, water services and environmental remediation projects.
• Undertake responsibilities by meeting regulatory standards and contributing to regional ecological targets (e.g., pollution reduction and circular economy initiatives).
• Work with integrity and earnestness - prioritize compliance, transparent reporting and investor accountability.
• Cooperate for mutual benefits via partnerships with municipalities, industrial clients and research institutions.

• Integrity & pragmatism: oppose deceit and deception; promote simple, direct communication and data-based decision making.
• Exemplary action: oppose empty rhetoric; emphasize execution and measurable KPIs across operations.
• Open-mindedness & inclusivity: oppose factionalism; encourage cross-functional collaboration and knowledge sharing.
• Self-examination & frugality: oppose complacency and extravagance; embed continuous improvement and cost discipline.
• Camel Spirit: endurance and resilience guide long-horizon project delivery, O&M contracts and community engagement.
• Service principles: objectivity, impartiality, compliance and authority - consistency between words and deeds to unite teams and partners to create enduring value.

• Investment allocation: prioritize retrofit and digitalization projects that improve treatment efficiency and lower unit operating cost.
• Governance: strengthen compliance, independent oversight and ESG disclosure aligned with investor expectations.
• Human capital: cultivate the "Camel Spirit" through training, merit-based promotion and cross-project rotations.
• Partnerships: co-invest with local governments and private partners to expand service footprint while sharing risks and returns.