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Based on consensus from external analysts. Not Kvantra's opinion.

Zhongshan Public Utilities Group Co., Ltd., established in 1998 and headquartered in Zhongshan, China, is a comprehensive provider of environmental protection and water services across the nation. The company manages urban water supply and extensive sewage treatment operations, covering an area of approximately 2,000 square kilometers. Its environmental service portfolio also includes urban sanitation, encompassing garbage collection, transportation, waste treatment, and associated power generation activities, as well as leakage management. Beyond these core utilities, Zhongshan Public Utilities Group oversees the operation and management of farmers' markets and undertakes the construction of passenger service hub ports. The company's construction division handles a diverse range of projects, including municipal infrastructure, building construction, decoration, fire systems, electrical and mechanical installations, and urban and road lighting, along with the installation and reconstruction of gas pipelines. Furthermore, the group is engaged in financial investment ventures. The organization officially adopted its current name, Zhongshan Public Utilities Group Co., Ltd., in August 2008, having previously operated as Zhongshan Public Utilities Science and Technology Company Limited.

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