上市公司：巴安水务（300262），节能国祯（300388），博世科（300422），中建环能（300425），鹏 鹞环保（300664），中环环保（300692），倍杰特（300774），深水海纳（300961），天源环保 （301127），嘉戎技术（301148），华能水电（600025），武汉控股（600168），国中水务 （600187），桂冠电力（600236），钱江水利（600283） 相关报告：智研咨询发布的《2025-2031年中国自来水生产和供应行业市场发展规模及投资机会研判报 告》 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 数据来源：国家统计局，智研咨询整理 2025年1-7月，水的生产和供应业企业数（以下数据涉及的企业，均为规模以上工业企业，从2011年 起，规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入2000万元）为 4146个，和上年同期相比 ...

Core Points - The company Guozhong Water announced the resignation of its vice chairman and director, Mr. Zhou Zhizhu, due to personal reasons [1] - Following his resignation, Mr. Zhou will no longer hold any position within the company [1]

Group 1 - The company Guozhong Water (SH 600187) announced the resignation of its vice chairman and director, Mr. Zhou Zhizhu, due to personal reasons, and he will not hold any position in the company after his resignation [1] - For the fiscal year 2024, the revenue composition of Guozhong Water is as follows: wastewater treatment revenue accounts for 88.62%, engineering services 3.55%, heating services 2.99%, other businesses 2.65%, and equipment sales 2.19% [1] - As of the report date, Guozhong Water has a market capitalization of 4.9 billion yuan [1]

特此公告。 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 一、审议情况 黑龙江国中水务股份有限公司（以下简称"公司"）第九届董事会董事周支柱先生因个人原因，近日向公 司董事会递交书面辞职报告，申请辞去公司副董事长、董事职务。辞职后，周支柱先生将不在公司担任任 何职务。 根据《中华人民共和国公司法》及《黑龙江国中水务股份有限公司章程》（以下简称"《公司章程》"） 规定，此次周支柱先生的辞职不会导致公司董事会成员低于法定最低人数，不会影响公司董事会的正常运 行，亦不会对公司的规范运作和日常运营产生不利影响，周支柱先生提交的辞职报告自送达董事会之日起 生效。 公司将按照相关法定程序，尽快完成董事的补选工作，保证公司治理结构完整，并及时履行信息披露 义务。周支柱先生在任职期间恪尽职守、勤勉尽责，在促进公司健康发展和规范运作等方面发挥了重要作 用。公司及董事会对周支柱先生在任职期间所作的贡献表示衷心感谢！ 证券代码：600187 证券简称：国中水务 编号：临 2025-030 黑龙江国中水务股份有限公司 关于公司董事辞职的公告 黑 ...

Core Points - The company, Heilongjiang Guozhong Water Co., Ltd., has approved the use of idle raised funds for cash management and redemption [1] - The board of directors has authorized the use of up to 100 million yuan for purchasing bank wealth management products, ensuring the safety and liquidity of the investments [1] - The company has successfully redeemed a structured deposit from Shanghai Rural Commercial Bank, with both principal and returns credited back to the corresponding raised funds account [1][2] Summary by Sections - **Board Approval**: The company held meetings on May 8, 2025, where the board and supervisory committee approved the plan to use idle funds for bank wealth management products [1] - **Investment Details**: The investment is capped at 100 million yuan, focusing on high safety, good liquidity, and capital protection agreements [1] - **Redemption Process**: On June 19, 2025, the company completed the redemption of the structured deposit, returning the principal and earnings to the raised funds account [1][2]

证券代码：600187 证券简称：国中水务 编号：临 2025-029 黑龙江国中水务股份有限公司 关于使用部分闲置募集资金进行现金管理赎回的公告 2025 年 9 月 3 日 1 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 黑龙江国中水务股份有限公司（以下简称"公司"）于 2025 年 5 月 8 日召开第九届董事会第十一次会议、 第九届监事会第八次会议审议通过了《关于使用部分闲置募集资金购买银行理财产品的议案》，同意公司 及子/孙公司在保证募集资金项目建设和使用的前提下，计划使用不超过 1 亿元（含 1 亿元）部分闲置募集 资金购买银行理财产品，拟用于购买安全性高、流动性好、有保本约定的银行理财产品。在董事会审议通 过之日起一年有效期限内，以上资金额度可以滚动使用，公司董事会授权董事长在有效期内和上述额度内 行使投资决策权。公司监事会以及保荐机构对此议案发表了明确同意意见。 2025 年 6 月 19 日，公司向上海农商银行延安西路支行办理了结构性存款业务。近日，该理财产品已到 期，公司已办理完成赎回手续，本金及收 ...

Core Insights - The company Guozhong Water (600187) reported a significant decline in financial performance for the first half of 2025, with total revenue of 77.04 million yuan, down 9.89% year-on-year, and a net loss attributable to shareholders of 18.32 million yuan, a decrease of 453.63% compared to the previous year [1] - The second quarter of 2025 saw an even sharper decline, with total revenue of 25.10 million yuan, down 41.1% year-on-year, and a net loss of 17.29 million yuan, a staggering decrease of 638.32% [1] - The company's gross margin fell to 21.95%, a decrease of 30.57% year-on-year, while the net margin turned negative at -28.67%, a drop of 810.41% [1] Financial Performance - Total revenue for the first half of 2025 was 77.04 million yuan, compared to 85.49 million yuan in the same period of 2024, reflecting a decline of 9.89% [1] - The net profit attributable to shareholders for the first half of 2025 was -18.32 million yuan, compared to a profit of 0.518 million yuan in 2024, marking a decrease of 453.63% [1] - The company's gross margin decreased from 31.62% in 2024 to 21.95% in 2025, while the net margin shifted from 4.04% to -28.67% [1] Cost Structure - Total selling, administrative, and financial expenses amounted to 47.59 million yuan, accounting for 61.77% of total revenue, an increase of 15.88% year-on-year [1] - The company's operating cash flow per share was -0.02 yuan, a decrease of 17.02% compared to the previous year [1] Asset and Liability Management - Inventory levels increased significantly, with a year-on-year growth of 33.53% [1] - Accounts receivable decreased by 38.90%, from 423 million yuan to 259 million yuan [1] - Interest-bearing debt was reduced by 53.28%, from 123 million yuan to 57.68 million yuan [1] Investment Returns - The company's return on invested capital (ROIC) was reported at 1.34%, indicating weak capital returns over recent years [3] - Historical data shows a median ROIC of 0.84% over the past decade, with a particularly poor performance in 2022, where ROIC was -3.63% [3] Debt Servicing Capability - The company maintains a healthy cash asset position, which is crucial for its debt servicing capabilities [3]

证券代码：600187 证券简称：国中水务 编号：临 2025-027 黑龙江国中水务股份有限公司 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内 容的真实性、准确性和完整性承担个别及连带责任。 表决结果：7票同意、0票反对、0票弃权。 二、 审议通过《2025 年半年度募集资金存放与使用情况的专项报告》 黑龙江国中水务股份有限公司（以下简称"公司"）第九届董事会第十二次会议的会议通知及相关资 料于 2024 年 8 月 19 日以电子邮件或专人送达的方式向全体委员发出。会议于 2024 年 8 月 27 日 以现场 结合通讯方式召开。会议应到董事 7 人，实到董事 7 人。会议由董事丁宏伟先生主持，董事会秘书、 监 事和其他高级管理人员列席了本次会议。 本次会议符合《中华人民共和国公司法》和《黑龙江国中水务股份有限公司公司章程》的有关规定， 所作决议合法有效。经过与会董事充分讨论、认真审议，会议审议并通过了以下议案： 一、 审议通过《2025 年半年度报告》及摘要 根据《公开发行证券的公司信息披露内容与格式准则第3号——半年度报告的内容与格式（2025年 修订）》、《 ...

Group 1 - The company held its ninth supervisory board meeting on August 27, 2025, with all three supervisors present, and the meeting was conducted in accordance with relevant laws and regulations [1][2]. - The meeting approved the "2025 Semi-Annual Report" and its summary, which was prepared following various regulatory guidelines [1][2]. - The voting results for the approved resolutions were unanimous, with 3 votes in favor and no votes against or abstentions [2]. Group 2 - The company also approved the "2025 Semi-Annual Special Report on the Storage and Use of Raised Funds," which was compiled after a comprehensive review of the actual use of raised funds [2]. - The special report will be disclosed on August 29, 2025, in major financial publications and on the Shanghai Stock Exchange website [2].

Core Viewpoint - The financial performance of Guozhong Water (国中水务) has declined in the first half of 2025, with a significant drop in revenue and a shift from profit to loss, primarily due to reduced wastewater treatment volumes and issues with its investment in Beijing Huiyuan Food and Beverage Co., Ltd. [1][2] Financial Performance - In the first half of 2025, Guozhong Water reported revenue of 77.0367 million yuan, a year-on-year decrease of 9.89% [1] - The net profit attributable to shareholders turned from a profit of 5.18 million yuan in the same period last year to a loss of 18.3176 million yuan [1] - The investment income from Zhuhai Wenshenghui, a key subsidiary, decreased by 1.7175 million yuan to 22.0661 million yuan, impacting overall profitability [2] Operational Metrics - The total wastewater treatment volume for the company was 36.4202 million tons, a year-on-year decrease of 10.45% [1] - The billed water volume was 44.7444 million tons, down 6.76% compared to the previous year [1] - The reduction in treatment volume was attributed to seasonal temperature variations and fluctuations in influent water quality, which led to a decrease in processed water to maintain output quality [1] Investment and Subsidiary Performance - Among the nine main subsidiaries listed in the financial report, only two reported positive net profits [2] - Guozhong Water holds a 36.486% stake in Zhuhai Wenshenghui, which indirectly gives it a 21.8916% stake in Beijing Huiyuan [2] - The operational improvement of Beijing Huiyuan in recent years had previously helped Guozhong Water return to profitability, but recent conflicts between Beijing Huiyuan and its major shareholder have raised concerns [2]