本次无偿划转未导致重庆水务集团股份有限公司（以下简称公 司）直接控股股东、间接控股股东、实际控制人发生变更。 本次无偿划转已在重庆市市场监督管理局办理变更登记手续。 重庆渝富控股集团有限公司（为重庆市国有资产监督管理委员会直接 持股的国有全资公司）持有公司间接控股股东重庆水务环境控股集团 有限公司（以下简称重庆水务环境集团）80%股权。 | 证券代码：601158 | 证券简称：重庆水务 | | | 公告编号：临 | 2025-044 | | --- | --- | --- | --- | --- | --- | | 债券代码：188048 | 债券简称：21 | 渝水 | 01 | | | | 债券代码：242471 | 债券简称：25 | 渝水 | 01 | | | | 债券代码：242472 | 债券简称：25 | 渝水 | 02 | | | | 债券代码：113070 | 债券简称：渝水转债 | | | | | 重庆水务集团股份有限公司 关于股东权益变动的进展公告 本公司董事会及全体董事保证本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法律责任。 重要内 ...

Report Summary - The report presents the top ten convertible bonds for May 2025 [1][10] Core Viewpoints - The report provides a detailed analysis of the top ten convertible bonds in May 2025, including their ratings, closing prices at the end of April, conversion premium rates, and P/E ratios of the underlying stocks. It also analyzes the business operations, financial performance, and company highlights of the corresponding issuing companies [10][20][30] Analysis of Each Convertible Bond 1. Zhongte Convertible Bond - Rating: AAA; 4 - month - end closing price: 107.723 yuan; Conversion premium rate: 111.03%; Underlying stock PE - TTM: 11.5 [10] - The company is a globally leading specialized special - steel material manufacturer with an annual production capacity of about 20 million tons. In 2024, its revenue was 109.203 billion yuan (-4.22% y/y), and in Q1 2025, revenue was 26.84 billion yuan (-5.59% y/y) [10] - Company highlights: It is one of the world's most comprehensive special - steel enterprises in terms of variety and specification, with over 20 million tons of annual production capacity. It has a complete industrial chain and is seeking external expansion opportunities [11] 2. Shanlu Convertible Bond - Rating: AAA; 4 - month - end closing price: 109.882 yuan; Conversion premium rate: 53.32%; Underlying stock PE - TTM: 3.7 [20] - The company's main business is road and bridge construction and maintenance. In 2024, its revenue was 71.348 billion yuan (-2.3% y/y), and in Q1 2025, revenue was 9.764 billion yuan (+1.95% y/y) [20] - Company highlights: It has the concept of "China - specific valuations" as its actual controller is the Shandong Provincial State - owned Assets Supervision and Administration Commission. It is expected to benefit from the infrastructure construction plan in Shandong during the 14th Five - Year Plan period [21] 3. Heshun Convertible Bond - Rating: AA -; 4 - month - end closing price: 126.801 yuan; Conversion premium rate: 23.13%; Underlying stock PE - TTM: 11.2 [30] - The company is a high - tech enterprise focusing on the R & D, production, and sales of polyamide 6 slices. In 2024, its revenue was 7.168 billion yuan (+19.11% y/y), and in Q1 2025, revenue was 1.563 billion yuan (-4.63% y/y) [30] - Company highlights: In 2024, the downstream market demand was good. It is promoting multiple new projects and actively expanding into the international market [31] 4. Aima Convertible Bond - Rating: AA; 4 - month - end closing price: 128.524 yuan; Conversion premium rate: 15.7%; Underlying stock PE - TTM: 17.6 [41] - The company is a leading enterprise in the electric two - wheeled vehicle industry. In 2024, its revenue was 21.606 billion yuan (+2.71% y/y), and in Q1 2025, revenue was 6.232 billion yuan (+25.82% y/y) [41] - Company highlights: The subsidy for trading in old vehicles may continue, and the implementation of the new national standard is expected to bring policy dividends and improve the gross profit margin [42] 5. Xingye Convertible Bond - Rating: AAA; 4 - month - end closing price: 116.521 yuan; Conversion premium rate: 24.23%; Underlying stock PE - TTM: 5.7 [51] - The company is one of the first joint - stock commercial banks established with the approval of the State Council and the People's Bank of China. In 2024, its revenue was 212.226 billion yuan (+0.66% y/y), and in Q1 2025, revenue was 55.683 billion yuan (-3.58% y/y) [51] - Company highlights: Its net interest income has grown steadily, asset quality is stable, and the scale has maintained stable growth [52] 6. Yonghe Convertible Bond - Rating: AA -; 4 - month - end closing price: 127.310 yuan; Conversion premium rate: 17.03%; Underlying stock PE - TTM: 32.7 [64] - The company's main business is the R & D, production, and sales of fluorochemical products. In 2024, its revenue was 4.606 billion yuan (+5.42% y/y), and in Q1 2025, revenue was 1.138 billion yuan (+12.36% y/y) [64] - Company highlights: In 2024, the prices of refrigerant products recovered, and the fluorochemical production base project of its subsidiary turned profitable [65] 7. Chongyin Convertible Bond - Rating: AAA; 4 - month - end closing price: 121.159 yuan; Conversion premium rate: 12.33%; Underlying stock PE - TTM: 7.2 [73] - The company is an early local joint - stock commercial bank in the upper reaches of the Yangtze River and Southwest China. In 2024, its revenue was 13.679 billion yuan (+3.54% y/y), and in Q1 2025, revenue was 3.581 billion yuan (+5.3% y/y) [73] - Company highlights: It is expected to benefit from the Chengdu - Chongqing Twin - City Economic Circle strategy. Its asset scale has grown steadily, and it actively follows national strategies [74] 8. Beigang Convertible Bond - Rating: AAA; 4 - month - end closing price: 127.2 yuan; Conversion premium rate: 12%; Underlying stock PE - TTM: 19.2 [85] - The company is located at an important transportation hub. In 2024, its revenue was 7.003 billion yuan (+0.77% y/y), and in Q1 2025, revenue was 1.643 billion yuan (+6.73% y/y) [85] - Company highlights: Its cargo and container throughput have increased, and it has a complete transportation network and is actively exploring the market [86] 9. Huayuan Convertible Bond - Rating: AA -; 4 - month - end closing price: 127.228 yuan; Conversion premium rate: 12.95%; Underlying stock PE - TTM: 26.2 [96] - The company focuses on building a complete vitamin D3 industry chain. In 2024, its revenue was 1.243 billion yuan (+13.58% y/y), and in Q1 2025, revenue was 0.326 billion yuan (-1.18% y/y) [96] - Company highlights: It is a leading enterprise in NF - grade cholesterol and 25 - hydroxyvitamin D3 products. It is expanding its product portfolio and has achievements in the pharmaceutical manufacturing field [98] 10. Yushui Convertible Bond - Rating: AAA; 4 - month - end closing price: 122.423 yuan; Conversion premium rate: 26.22%; Underlying stock PE - TTM: 27.7 [106] - The company is the largest integrated water supply and drainage enterprise in Chongqing. In 2024, its revenue was 6.999 billion yuan (-3.52% y/y), and in Q1 2025, revenue was 1.652 billion yuan (+8.66% y/y) [106] - Company highlights: It has a high market share in Chongqing's water supply and drainage market, is expanding externally, and has achieved good results in cost control [108]

| 证券代码：601158 | 证券简称：重庆水务 | | | 公告编号：临 | 2025-043 | | --- | --- | --- | --- | --- | --- | | 债券代码：188048 | 债券简称：21 | 渝水 | 01 | | | | 债券代码：242471 | 债券简称：25 | 渝水 | 01 | | | | 债券代码：242472 | 债券简称：25 | 渝水 | 02 | | | | 债券代码：113070 | 债券简称：渝水转债 | | | | | 重庆水务集团股份有限公司 关于召开 2025 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本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法律责任。 重要内容提示： 会议召开时间：2025 年 5 月 15 日（星期四）15:00-16:00 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 5 月 8 日（星期四）至 5 月 14 日（星期三） 1 ...

北京市中伦（重庆）律师事务所 关于重庆水务集团股份有限公司 2024 年年度股东大会的 2024 年年度股东大会的 法律意见书 致：重庆水务集团股份有限公司 法律意见书 二〇二五年四月 北京市中伦（重庆）律师事务所 关于重庆水务集团股份有限公司 2．贵公司董事会已于 2025 年 4 月 2 日在指定媒体发布了《重庆水务集团股 份有限公司关于召开 2024 年年度股东大会的通知》（以下简称"本次股东大会通 知"），对召开本次股东大会的通知进行了公告。 3．本次股东大会通知中，载明了本次股东大会会议以现场投票和网络投票 相结合方式召开，并载明了现场会议的时间、地点、网络投票的时间、提交会议 审议的议案、会议出席对象、贵公司联系电话及联系人等事项。 北京市中伦（重庆）律师事务所（以下简称"本所"）接受重庆水务集团股份 有限公司（以下简称"贵公司"）委托，指派律师出席贵公司2024年年度股东大会 （以下简称"本次股东大会"），并就贵公司本次股东大会的召集和召开程序、召 集人资格、出席会议人员资格、本次股东大会的表决程序、表决结果等相关事项 出具本法律意见书。 本法律意见书根据已发生或存在的事实，根据《中华人民共和国 ...

证券代码：601158 证券简称：重庆水务 公告编号：2025-042 重庆水务集团股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 04 月 28 日 (二)股东大会召开的地点：重庆市自来水有限公司渝中区水厂三楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 461 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 4,296,814,650 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 89.5169 | 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：审议《重庆水务集团股份有限公司 2024 年度董事会工作报告》 审议结果：通过 表决情况： (四)表决方式是否符合《公司法》及《公司章程》的规定，股东大会 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,651,513,466.15, representing an increase of 8.66% compared to CNY 1,519,947,433.67 in the same period last year[3] - Net profit attributable to shareholders was CNY 237,087,433.62, up 28.91% from CNY 183,912,500.86 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 48.88%, reaching CNY 207,857,979.72 compared to CNY 139,614,682.27 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.05, reflecting a 25.00% increase from CNY 0.04 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥1,651,513,466.15, an increase of 8.66% compared to ¥1,519,947,433.67 in Q1 2024[21] - Net profit for Q1 2025 was ¥239,440,945.36, representing a 28.4% increase from ¥186,440,298.55 in Q1 2024[24] - Earnings per share for Q1 2025 were ¥0.05, compared to ¥0.04 in Q1 2024, indicating a growth in profitability[24] Cash Flow - The net cash flow from operating activities improved significantly to CNY 45,593,505.81, a 147.80% increase from a negative CNY 95,374,504.86 in the same period last year[3] - Cash inflow from operating activities for Q1 2025 was $1,600,795,086.41, an increase of 17.4% compared to $1,362,729,010.24 in Q1 2024[26] - Net cash flow from operating activities for Q1 2025 was $45,593,505.81, a significant improvement from a net outflow of $95,374,504.86 in Q1 2024[27] - Cash inflow from financing activities in Q1 2025 was $4,011,653,508.05, a significant increase from $920,985,959.01 in Q1 2024[29] - Net cash flow from financing activities for Q1 2025 was $1,848,631,875.63, a recovery from a net outflow of -$167,115,202.79 in Q1 2024[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 35,808,875,587.54, a 5.75% increase from CNY 33,863,149,748.54 at the end of the previous year[4] - Total liabilities increased to ¥18,319,172,849.87 from ¥16,612,970,055.14, marking a rise of 10.3%[18] - The company's total equity reached ¥17,489,702,737.67, up from ¥17,250,179,693.40, reflecting a growth of 1.39%[18] Investments and Financing - The company adjusted the issuance amount of convertible bonds from up to RMB 2 billion to up to RMB 1.9 billion, with the issuance process starting on January 6, 2025, and completed on January 15, 2025[11] - The company successfully issued RMB 2 billion in corporate bonds, with the first tranche consisting of RMB 800 million for a 5-year term at a coupon rate of 2.14% and RMB 1.2 billion for a 10-year term at a coupon rate of 2.43%[12] - The company completed the transfer of 100% equity in Chongqing Water Investment (Group) Co., Ltd. from its indirect controlling shareholder, enhancing its asset base[13] - The company established a joint venture with Chongqing Water Environment Holding Group, investing RMB 245 million to expand pipeline operation and maintenance services[15] Operational Highlights - The increase in net profit was primarily driven by an increase in wastewater settlement volume and an adjustment in wastewater treatment service fees[7] - The company set the sewage treatment service fee at RMB 3.92 per cubic meter for several wastewater treatment plants starting from July 1, 2024[14] - Research and development expenses for Q1 2025 were ¥2,962,845.26, significantly higher than ¥735,448.98 in Q1 2024, indicating a focus on innovation[23] - The company reported a significant increase in investment income from joint ventures, rising to ¥25,978,862.27 in Q1 2025 from ¥21,888,027.88 in Q1 2024[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,416[9] - The company has not identified any related party relationships among the top ten shareholders as per the regulations[10]

Group 1 - The core point of the article is that Chongqing Water Authority (601158) reported a revenue of 1.652 billion yuan for the first quarter of 2025, representing a year-on-year growth of 8.66% [1] - The net profit for the same period was 237 million yuan, showing a year-on-year increase of 28.91% [1]

Core Viewpoint - The company has completed the transfer of 100% equity of Chongqing Water Investment (Group) Co., Ltd. to its indirect controlling shareholder, Chongqing Water Environment Holding Group Co., Ltd., following government approval and the completion of anti-monopoly review [1]. Group 1 - The Chongqing Municipal Government approved the transfer of 72% equity of Chongqing Water Investment (Group) Co., Ltd. from the State-owned Assets Supervision and Administration Commission to Chongqing Water Environment Holding Group [1]. - Chongqing Yufu Holding Group Co., Ltd. transferred its 28% equity of Chongqing Water Investment (Group) Co., Ltd. to Chongqing Water Environment Holding Group, resulting in the latter holding 100% of the equity [1]. - The anti-monopoly review concluded with a decision not to implement further examination, allowing Chongqing Water Environment Holding Group to proceed with the acquisition [1]. Group 2 - The equity transfer has been registered with the Chongqing Municipal Market Supervision Administration, completing the necessary legal formalities [1].

近日，重庆水务环境集团收到《经营者集中反垄断审查不实施进 一步审查决定书》（反执二审查决定〔2025〕174号），具体内容如 下："根据《中华人民共和国反垄断法》第三十条规定，经初步审查， 现决定，对重庆水务环境控股集团有限公司收购重庆市水利投资（集 团）有限公司股权案不实施进一步审查。你公司从即日起可以实施集 中。该案涉及经营者集中反垄断审查之外的其他事项，依据相关法律 办理。" 现重庆水投股权无偿划转工作已完成并已在重庆市市场监督管 理局办理登记注册。本次国有股权无偿划转完成过户登记前后，重庆 水投的股权变动情况如下： | 股东名称 | 持股比例 | | | --- | --- | --- | | | 本次股权过户登 | 本次股权过户登 | | | 记完成前 | 记完成后 | | 重庆市国有资产监督管理委员会 | 72% | | | 重庆渝富控股集团有限公司 | 28% | | | 重庆水务环境控股集团有限公司 | | 100% | | 证券代码：601158 | 证券简称：重庆水务 | | | 公告编号：临 | 2025-041 | | --- | --- | --- | --- | --- | --- ...

本公司董事会及全体董事保证本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法律责任。 重庆水务集团股份有限公司（以下简称公司）于2025年4月2日披露关于召开2024年年度股东大会的通 知，公司拟于4月28日召开2024年年度股东大会，本次会议采用现场投票和网络投票相结合的表决方 式。详见公司于2025年4月2日在《中国证券报》《上海证券报》《证券时报》及上海证券交易所网站上 披露的《重庆水务集团股份有限公司关于召开2024年年度股东大会的通知》（公告编号：临2025- 035）。 为更好服务广大中小投资者，确保有投票意愿的中小投资者能够及时参会、及时投票，公司拟使用上证 所信息网络有限公司（以下简称上证信息）提供的股东大会提醒服务，委托上证信息通过智能短信等形 式，根据股权登记日的股东名册主动提醒股东参会投票，向每一位投资者主动推送股东大会参会邀请、 议案情况等信息。投资者在收到智能短信后，可根据使用手册（下载链接： https://vote.sseinfo.com/i/yjt_help.pdf）的提示步骤直接投票，如遇拥堵等情况，仍可通过原有的交易系 统投票平 ...