Tianjin Chuangye Environmental Protection Co., Ltd. (01065) was paid 1,989 billion yuan by the Tianjin Water Authority to resolve the company's historical accounts receivable issues

Zhitong Finance App News, Tianjin Chuangye Environmental Protection Co., Ltd. (01065) issued an announcement. The company attaches great importance to the collection of accounts receivable, establishes a special working mechanism to continue to reduce accounts receivable pressure, and actively communicates with local governments to promote repayment work.

In order to support the steady development of the Company and effectively resolve the issue of historical accounts receivable arrears, the Tianjin Municipal Water Authority recently paid the Company a one-time fund of RMB 1,989 billion on the basis of disbursing this year's sewage treatment service fees to resolve the Company's historical accounts receivable issues.

The repayment of current accounts receivable can improve the company's cash flow and increase the company's revenue, and will have a positive impact on the company's 2025 business performance and financial situation. The details are subject to the regular reports disclosed by the company.

In the future, the Company will continue to advance the work related to the repayment of accounts receivable and fulfill its obligation to disclose information in accordance with the law according to the progress. Investors are requested to be aware of investment risks.