Qingyuan Running Water Co., Ltd. (hereinafter referred to as “Water Company”), formerly a state-owned enterprise, has registered capital of RMB 88,521,400 and 80% of its equity is held by the company. After restructuring it into a limited liability company with the Company holding 80% of its equity in 2000, the Water Company had total assets of RMB 331 million, the net assets of RMB 108 million with the maximum daily water supply capacity of 180,000 cubic meters up till December 31st, 2009.
Since its reformation in 2000, the Water Company has introduced new managements and incentives, constantly expanding water scales and sales volumes and achieving unprecedented operating results. Adhering to the development goals of “First-class Brand, First-class Efficiency”, the Water Company has passed the ISO9001 Quality Management System Certification in 2002, developed a “user-focused” quality policy to establish and perfect the management systems for effectively protection of a steady supply of water for urban life, production and business.
The Qingyuan Jincheng Water Quality Testing Co., Ltd. invested by the Water Company (holding 80% equity) in September 2003 further protected the running water quality. The Water Company has always committed to expanding the local water supply territory in Qingyuan City, and acquired the Qingcheng District Shijiao Water Plant in November 2006, ensuring the security and steady water supply.