Core Viewpoint - The Ministry of Water Resources has released a new version of the water-saving industry preferential policy guide, which may have a long-term impact on companies like Tianye Water Saving. The company's mid-2025 performance shows a significant decline in revenue and a net loss of 15.62 million yuan [1][2][3]. Industry Policy and Environment - On February 2, 2026, the Ministry of Water Resources published the "Water-Saving Industry Preferential Policy Guide (2025 Edition)," which systematically outlines 189 preferential policies at the national and local levels, covering financial support, tax incentives, and other categories aimed at promoting high-quality development in the water-saving industry. This policy may have a long-term impact on agricultural water-saving companies like Tianye Water Saving, but the actual implementation effects need to be observed [2]. Operating Conditions - Tianye Water Saving's mid-2025 performance shows total revenue of approximately 320 million yuan, a year-on-year decline of 68.55%, and a net loss of 15.62 million yuan, marking a shift from profit to loss. The company is experiencing low liquidity, and its stock price has shown significant volatility, with a single-day drop of 13.64% to 0.190 HKD on January 6, 2026, with a trading volume of only 16,000 shares. As of the latest data, no institutional ratings have been issued for this stock [3][4]. Recent Stock Performance - Recent stock price fluctuations have been amplified by weak performance and insufficient liquidity, with technical indicators showing a neutral to weak bias. In the industry context, the industrial equipment sector has shown overall minor fluctuations, but there is significant differentiation among individual stocks. Attention should be paid to the company's future financial reports (such as the full-year performance announcement for 2025) and whether policy dividends will drive business improvement [4].

| 序号 | 代码 | 名称 | 最新价 | 涨跌幅 | 今开 | 最高 | 最低 | 昨收 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 00840 | 天业节水 | 0.231 | 22.22% | 0.248 | 0.248 | 0.231 | 0.189 | | 2 | 08115 | 上海青浦消防 | 15.000 | 20.00% | 12.500 | 15.000 | 12.500 | 12.500 | | 3 | 01527 | 天洁环境 | 2.120 | 12.17% | 1.880 | 2.130 | 1.880 | 1.890 | | 4 | 00390 | 中国中铁 | 4.860 | 8.48% | 4.550 | 4.860 | 4.550 | 4.480 | | 5 | 08348 | 滨海泰达物流 | 0.420 | 7.69% | 0.420 | 0.420 | 0.420 | 0.390 | | 6 | 01057 | 浙江世宝 | 6.160 | 6.57% | 5.780 | 6.170 ...

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之內容概不負責， 對其準確性或完整性不發表任何聲明，並明確表示概不會就本公告全部或任何部份 內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 XINJIANG TIANYE WATER SAVING IRRIGATION SYSTEM COMPANY LIMITED* 新疆天業節水灌溉股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00840） 持續關連交易： (1)2026–2028工程施工服務框架協議 (2)2026–2028採購框架協議 (3)2026–2028銷售框架協議 衍丰企業融資有限公司 緒言 茲提述本公司日期為二零二三年十月二十五日之通函，內容有關，其中包括，(1) 2023–2025工程施工服務框架協議；(2)2023–2025銷售框架協議；及(3)2023–2025 採購框架協議。 由於上述框架協議已於二零二五年十二月三十一日屆滿，於二零二六年二月十六 日，本公司與天業集團訂立(1)2026–2028工程施工服務框架協議；(2)2026–2028 採購框架協議；及(3)2026–2028銷售框架協議。 – ...

市场环境 经济观察网天业节水(00840.HK)股价在2026年2月12日上涨5.26%，收盘于0.20港元，主要原因可归纳为 以下几点： 股价与资金表现 当日股价突破5日及10日均线(分别位于0.192港元、0.194港元)，MACD柱状图转正至0.002，显示短期动 能转强。布林带指标中股价触及上轨0.211港元，振幅达27.89%，反映市场交易活跃度提升。全日成交 金额为36,176港元，总净流入35,216港元均来自散户资金，主力资金未出现明显介入。筹码集中度较低 (换手率0.09%)，小幅资金即可推动股价波动。 尽管所属工业器材板块当日下跌1.28%，恒生指数跌幅0.86%，但个股表现独立，可能受到节水灌溉行 业政策预期或公司特定消息的零星影响。 以上内容基于公开资料整理，不构成投资建议。 ...

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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新疆天業節水灌溉股份有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 317,121,560 | RMB | | 1 RMB | | 317,121,560 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 317,121,560 | RMB | | 1 RMB | | 317,121,560 | | 2. 股份分類 | 普通股 | 股份類別 ...

Core Viewpoint - The buried drip irrigation pipe market in China is experiencing significant growth, with a projected market size of 2.9 billion yuan in 2024, representing a 20% year-on-year increase. This growth is driven by government support for agricultural modernization, increasing water scarcity, and farmers' awareness of efficient water-saving irrigation technologies [1][8]. Industry Overview - Buried drip irrigation pipes are a core component of modern efficient water-saving irrigation systems, providing precise water and fertilizer supply while reducing surface evaporation losses and increasing water utilization efficiency by over 40% [4][5]. - The application of buried drip irrigation is widespread in arid and semi-arid regions such as Xinjiang, Inner Mongolia, and Gansu, while demand is also growing in water-rich areas like the Yangtze and Yellow River basins due to agricultural structural adjustments and high-end agricultural development [1][8]. Industry Policies - The Chinese government has implemented several policies to promote water-saving agriculture, including the notification issued in May 2022 to accelerate the modernization of large and medium-sized irrigation areas and the guidance issued in July 2024 to actively develop the water-saving industry [4][8]. Industry Competition Landscape - The market for buried drip irrigation pipes is highly concentrated, with major players including Tianye Water Saving, Dayu Water Saving, and Runong Water Saving, which leverage technological advantages, brand influence, and comprehensive sales networks to dominate the market [9]. Industry Development Trends - The buried drip irrigation pipe industry is expected to evolve towards smart technology, incorporating sensors and flow control chips for precise remote management. Additionally, there is a trend towards using renewable or recyclable polyethylene materials to enhance environmental sustainability and extend product lifespan [10]. - Future developments will also focus on flexibility, allowing customization of pipe diameter, water output spacing, and flow rates to meet specific agricultural needs, thereby providing high-value customized services for manufacturers [10].

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 致：香港交易及結算所有限公司 公司名稱: 新疆天業節水灌溉股份有限公司 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 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 317,121,560 RMB | | | 1 RMB | | 317,121,560 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 317,121,560 RMB | | | 1 RMB | | 317,121,560 | | 2. 股份分類 | 普通股 | 股份類別 ...

Core Insights - The "2025 China Engineering Pipeline and Pipe Material Comprehensive Strength Supplier Top 100" list has been released, showcasing the top suppliers in the engineering pipeline and pipe material industry across China [1] - The list evaluates suppliers based on multiple criteria including production scale, technological research and development capabilities, product quality, market share, brand influence, financial status, after-sales service, and social responsibility [1] - The publication aims to provide a clear map of the industry's strength, support collaboration within the supply chain, assist investment institutions, and guide industry policy formulation [1] Supplier Evaluation - The top 100 suppliers represent the backbone of China's engineering pipeline and pipe material industry, indicating the mainstream direction and overall level of industry development [1] - The suppliers are distributed nationwide and offer a diverse range of products to meet various engineering needs [1] Industry Goals - The initiative encourages all companies to benchmark against advanced peers and strive for progress, contributing to China's transition from a major manufacturing country to a strong manufacturing nation [1]

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新疆天業節水灌溉股份有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 317,121,560 | RMB | | 1 | RMB | | 317,121,560 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 317,121,560 | RMB | | 1 | RMB | | 317,121,560 | | 2 ...

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新疆天業節水灌溉股份有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 317,121,560 RMB | | | 1 RMB | | 317,121,560 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 317,121,560 RMB | | | 1 RMB | | 317,121,560 | | 2. 股份分類 | 普通股 | 股份類 ...