Everbright Water has been adhering to the philosophy of "Development Driven by Technological Innovation" and continued its effort on carrying out relevant works. In 2023, the Group initiated more than 10 research and development ("R&D") projects, covering various topics, including intelligent water plants, iris valves and venturi valves, and sludge ultra-high-pressure filtration test system, all of which resulted in multiple achievements. The Group also completed the development of its intelligent management platform, which was put under a trial run. Additionally, the Group actively participated in the formulation of industrial standards such as Technical Specification for Greenhouse Gas Monitoring of Sewage and Waste Water Treatment Plants.

During 2023, the Group provided its in-house developed technological processes to both internal and external clients, which amounted to a total contract value of approximately RMB192 million; and was newly granted 28 patents (including 7 invention patents and 21 utility model patents).