城市供水的流程图 内容概况：随着中国城市供水综合生产能力的提升，供水总量也快速增长，数据显示，2024年中国城市 供水总量为704.88亿吨，同比增长2.52%。其中，生活用供水总量为402.46亿吨，同比增长3.36%；生产 用供水总量为173.34亿吨，同比增长1.92%；其他供水总量为129.08亿吨，同比增长0.77%。总体看，我 国城市供水行业已进入成熟期，未来随着城镇化进程的持续推进，预计供水需求仍将有所增长，但增幅 或将放缓。 相关上市企业：北控水务集团（00371）、首创环保（600008）、瀚蓝环境（600323）、城投控股 （600649）、武汉控股（600168）、洪城环境（600461）、金科环境（688466）、碧水源（300070）、 重庆水务（601158）等。 相关企业：中法水务投资有限公司等。 关键词：城市供水行业政策、城镇化率、城市供水行业产业链、城市供水管道长度、城市供水综合生产 能力及产能利用率、城市供水总量、城市用水人口数量、城市供水行业发展趋势 一、城市供水行业概述 城市供水是依据建筑学规范建立的市政基础设施系统，由水源取水设施、水处理厂和输配水管网三大核 心构成。 ...

Group 1 - The top three stocks with net inflows are Yingfu Fund (02800) with 6.826 billion, Hang Seng China Enterprises (02828) with 2.151 billion, and Kuaishou-W (01024) with 1.553 billion [1] - The top three stocks with net outflows are Tencent Holdings (00700) with -0.920 billion, China Mobile (00941) with -0.365 billion, and China Hongqiao (01378) with -0.257 billion [1] - In terms of net inflow ratio, Jiangsu Ninghu Expressway (00177) leads with 68.66%, followed by COSCO Shipping Ports (01199) with 62.64%, and Beijing Enterprises Water Group (00371) with 62.27% [1] Group 2 - The top ten stocks by net inflow include Xiaomi Group-W (01810) with 1.020 billion and Southern Hang Seng Technology (03033) with 0.944 billion [2] - The top ten stocks by net outflow also include China People's Insurance Group (01339) with -0.255 billion and GCL-Poly Energy (03800) with -0.213 billion [2] - The net outflow ratio for China National Building Material (03323) is -48.46%, followed by Gao Xin Retail (06808) at -48.27% and Swire Properties (01972) at -47.79% [3]

Core Viewpoint - Citigroup reaffirms a "Buy" rating for Beijing Enterprises Water Group (00371) and raises the target price from HKD 2.65 to HKD 2.85, reflecting a 1% to 2% increase in net profit forecasts for 2025 to 2027 due to reduced financial costs [1] Group 1 - The company is expected to achieve a dividend yield of 6.9% in 2026, which is considered attractive in the context of China's easing monetary policy and U.S. interest rate cuts [1] - It is anticipated that the company will generate approximately RMB 1 billion in positive free cash flow annually in the coming years, which will be used for dividends and debt repayment as operating income increases and capital expenditures decrease [1] - The cash recovery status of accounts receivable is continuously improving due to government debt repayment, which will further support the gradual increase in dividends, with a projected year-on-year growth of 3% to 5% in dividends by 2025 [1]

Core Viewpoint - Citigroup reaffirms a "Buy" rating for Beijing Enterprises Water Group (00371), raising the target price from HKD 2.65 to HKD 2.85, and adjusting net profit forecasts for 2025-2027 upwards by 1% to 2% due to reduced financial costs [1] Group 1: Financial Performance - The company is expected to achieve a dividend yield of 6.9% in 2026, which is considered attractive in the context of China's easing monetary policy and U.S. interest rate cuts [1] - It is anticipated that the company will generate approximately RMB 1 billion in positive free cash flow annually in the coming years, which will be used for dividends and debt repayment as operating income increases and capital expenditures decrease [1] Group 2: Cash Flow and Debt Management - The cash recovery situation for accounts receivable is continuously improving due to government debt repayment efforts [1] - Increased free cash flow is expected to support gradual dividend increases, with a projected year-on-year growth of 3% to 5% in dividends by 2025 [1]

Core Viewpoint - Citigroup reaffirms a "Buy" rating for Beijing Enterprises Water Group, raising the target price from HKD 2.65 to HKD 2.85, and adjusting net profit forecasts for 2025 to 2027 upwards by 1% to 2% due to reduced financial costs [1] Group 1 - The company is expected to achieve an attractive dividend yield of 6.9% in 2026, supported by a backdrop of easing monetary policy in China and interest rate cuts in the US [1] - It is anticipated that the company will generate approximately HKD 1 billion in positive free cash flow annually in the coming years, which will be used for dividends and debt repayment as operating income increases and capital expenditures decrease [1] - The cash recovery situation for accounts receivable is continuously improving due to government debt repayment efforts [1] Group 2 - Increased free cash flow is expected to support gradual dividend growth, with a projected annual increase of 3% to 5% in dividends by 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 除上文所披露者外，該公告內所列的所有其他資料及內容均保持不變。 承董事會命 北控水務集團有限公司 主席 熊斌 香港，二零二六年一月二日 於本公告日期，董事會由七名執行董事包括熊斌先生（主席）、周敏先生（行政總 裁）、李海楓先生、李一寧女士、張文江先生、周雪燕女士及董渙樟先生，一名非執 行董事袁建偉先生，以及五名獨立非執行董事包括佘俊樂先生、郭銳先生、周安達源 先生、戴曉虎先生及陳肇始女士組成。 補充公告 更換執行董事 及 可持續發展委員會主席之變更 茲提述本公司日期為二零二五年十二月十八日之公告(「該公告」)，內容關於 （其中包括）更換執行董事及可持續發展委員會主席之變更。除本公告另有界 定者外，本公告所用詞彙與該公告所賦予者具有相同涵義。 董事會謹此補充，本公司與李女士並無訂立任何服務協議。李女士出任執行董 事期間不會領取本公司任何袍金、薪金或任何福利待遇。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 公司名稱: 北控水務集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00371 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 15,000,000,000 | HKD | | 0.1 HKD | | 1,500,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 15,000,000,000 | HKD | | 0.1 HKD | | 1,500,000,000 | 本月底法定/註冊股本總額： HKD 1,500,000,0 ...

Core Viewpoint - The article discusses the historical struggle for control over China's water resources, highlighting the shift from foreign dominance to a more balanced domestic control, emphasizing the importance of water security as a national priority [1][2][25]. Group 1: Historical Context - The Chinese water industry was once on the brink of being dominated by foreign capital, with 60% of the water supply market controlled by foreign entities, affecting nearly 100 million people's access to water [2][10]. - In the 1990s and early 2000s, rapid urbanization led to significant infrastructure gaps, particularly in water services, prompting the government to open up to foreign investment to fill these gaps [4][6]. Group 2: Foreign Investment and Its Impact - Major foreign companies like Veolia and Suez entered the Chinese market, often outbidding local firms for contracts, which resulted in substantial financial gains for local governments but raised concerns about long-term implications for water quality and pricing [8][10]. - Water prices surged significantly after foreign companies took over operations, with examples like Tianjin experiencing price increases from 0.68 yuan to 3.4 yuan per ton, a nearly fivefold rise [13]. Group 3: Water Quality Concerns - Numerous incidents of water quality issues arose under foreign management, including severe contamination cases in Lanzhou and other cities, leading to public health scares and loss of trust [15][18]. - The article cites global examples of foreign water management failures, indicating a pattern of profit-driven practices that compromise local water quality and accessibility [20][25]. Group 4: Policy Response and Domestic Growth - In response to the challenges posed by foreign control, the Chinese government initiated a "de-foreignization" policy in 2015, which included the cancellation of special operating rights for foreign companies and the strengthening of local water management [27][29]. - Domestic companies like Beijing Enterprises Water Group and Beijing Capital Water have emerged as key players, leveraging government support and technological advancements to reclaim market share from foreign firms [31][33]. Group 5: Current Market Dynamics - The current landscape of the Chinese water market is characterized by a "state-owned enterprise-led, multi-party collaboration" model, ensuring better water quality and pricing stability for consumers [35][36]. - Partnerships between local firms and foreign companies, such as the collaboration between Suez and Chongqing Water Group, illustrate a new cooperative approach that maintains local control while benefiting from foreign expertise [40][42]. Group 6: Future Challenges and Strategies - Despite progress, challenges remain, particularly in rural areas where water infrastructure is still lacking, and urbanization continues to strain water resources [49][50]. - Ongoing efforts are needed to enhance domestic technological capabilities, improve regulatory frameworks, and ensure sustainable water management practices to safeguard water resources for future generations [52].

Core Viewpoint - Beijing Enterprises Water Group (00371) announced the appointment of Ms. Li Yining as an executive director effective from December 18, 2025, alongside other significant board changes [1] Group 1: Board Changes - Ms. Sha Ning will resign as an executive director effective December 18, 2025, due to reaching retirement age [1] - Mr. Li Li will resign as an executive director and will no longer serve as the chairman of the company's sustainability committee effective December 18, 2025, to focus more on the group's business development [1] - Ms. Li has been appointed as the chairman of the sustainability committee to succeed Mr. Li effective December 18, 2025 [1]

Core Viewpoint - Beijing Enterprises Water Group (00371) announced key changes in its executive board, including the appointment of a new executive director and the resignation of current directors due to retirement and strategic realignment [1] Group 1: Executive Changes - Ms. Li Yining has been appointed as an executive director, effective from December 18, 2025 [1] - Ms. Sha Ning will resign as an executive director due to reaching retirement age, effective from December 18, 2025 [1] - Mr. Li Li will also resign as an executive director and will no longer serve as the chairman of the Sustainability Committee, effective from December 18, 2025 [1] Group 2: Committee Leadership - Ms. Li Yining has been appointed as the chairman of the Sustainability Committee, effective from December 18, 2025, succeeding Mr. Li Li [1]