Company Overview - Jiangnan Waterworks (SH 601199) announced the fourth meeting of the eighth board of directors held on August 26, 2025, where the proposal for organizational structure adjustment was reviewed [1] - For the first half of 2025, the revenue composition of Jiangnan Waterworks was as follows: water supply industry accounted for 48.13%, engineering business 34.97%, other businesses 13.36%, wastewater treatment 2.45%, and other services 1.1% [1] Industry Insights - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to a surge in stock prices for related companies [1]

Group 1 - The company plans to distribute a cash dividend of RMB 0.03 per share (including tax) based on a total share capital of 935,210,292 shares, amounting to a total cash dividend of RMB 28,056,308.76 (including tax) [1][39][37] - As of June 30, 2025, the company's undistributed profits amounted to RMB 1,740,368,180.54 [1][39] - The profit distribution plan does not require approval from the shareholders' meeting as it was authorized in the previous annual shareholders' meeting [1][40] Group 2 - The company will hold a half-year performance briefing on September 12, 2025, from 15:00 to 16:30, via video live streaming and online interaction [4][8][6] - Investors can submit questions for the briefing from September 5 to September 11, 2025 [9][4] - The briefing will include participation from key executives such as the chairman and general manager [8][6] Group 3 - The company reported a total asset value of RMB 684,794.31 million, a decrease of 1.90% year-on-year, and a net profit attributable to shareholders of RMB 16,424.17 million, a decrease of 3.25% year-on-year [44] - The company has actively engaged in green development initiatives, including the construction of "zero carbon water plants" and the implementation of energy-saving technologies [46][45] - The company has invested RMB 356.96 million in research and development, a 27.77% increase compared to the previous year, representing 0.59% of its operating income [49]

Group 1 - The company announced the approval of multiple proposals, including the adjustment of its organizational structure during the fourth meeting of the eighth board of directors [2]

Group 1 - The company announced the approval of the profit distribution plan for the first half of 2025 during the third meeting of the eighth supervisory board [2]

Core Viewpoint - Jiangnan Water announced a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in the company's financial performance [1] Financial Performance - The company reported a revenue of 606,289,113.92 yuan for the first half of 2025, which represents a year-on-year decrease of 5.32% [1] - The net profit attributable to shareholders of the listed company was 164,241,686.16 yuan, reflecting a year-on-year decline of 3.25% [1]

Core Insights - Jiangnan Waterworks (601199.SH) reported a revenue of 606 million yuan for the first half of 2025, representing a year-on-year decrease of 5.32% [1] - The company's net profit attributable to shareholders was 164 million yuan, down 3.25% year-on-year [1] - The non-recurring net profit was 165 million yuan, reflecting a year-on-year decline of 6.02% [1] - Basic earnings per share stood at 0.1756 yuan [1] - The company proposed a cash dividend of 0.03 yuan per share (tax included) to all shareholders [1]

Core Viewpoint - Jiangnan Water Co., Ltd. has announced a cash dividend distribution plan for the first half of 2025, proposing a cash dividend of 0.03 RMB per share, which will not exceed the net profit attributable to shareholders for the period [1][2]. Profit Distribution Plan - The company plans to distribute a total cash dividend of 28,056,308.76 RMB based on a total share capital of 935,210,292 shares as of June 30, 2025 [2]. - The proposed cash dividend does not exceed the net profit of 164,241,686.16 RMB for the period, indicating that the company's cash flow is sufficient to meet normal operational and developmental needs [2]. - The distribution will be based on the total share capital as of the record date, and any changes in share capital before this date will result in an adjustment of the total distribution amount while maintaining the per-share distribution ratio [2]. Decision-Making Process - The board of directors has been authorized by the 2024 annual general meeting to decide on the mid-term profit distribution for 2025, and this distribution does not require further approval from the shareholders' meeting [2][3]. - The voting results for the proposal were 9 votes in favor, with no votes against or abstentions, confirming compliance with the company's distribution policy and relevant regulations [3]. Supervisory Board Opinion - The supervisory board has reviewed the profit distribution plan, stating that it considers the company's operational situation and future funding needs, ensuring that the interests of all shareholders, especially minority shareholders, are protected [3].

Group 1 - The board of directors of Jiangnan Water Co., Ltd. held its fourth meeting of the eighth session on August 26, 2025, where all nine directors were present, and the meeting was deemed legal and effective [1] - The board approved the 2025 semi-annual report, which is available on the Shanghai Stock Exchange website [1] - The board also approved the profit distribution plan for the first half of 2025, with all nine votes in favor [2] - The board reviewed and approved the semi-annual evaluation report of the "Quality Improvement and Efficiency Enhancement Return" action plan for 2025, with unanimous support [2] - The board approved an adjustment to the company's organizational structure, including the establishment of Jiangsu Zhongcheng Testing Technology Co., Ltd. and the reallocation of responsibilities from the water quality testing center [2][3] Group 2 - The board decided to terminate the establishment of a subsidiary financial leasing company due to regulatory non-compliance during the setup process, with no financial contributions made by the company [4] - The decision to halt the establishment of the financial leasing company is not expected to have a significant impact on the overall business development and operations of the company [4]

Meeting Overview - The third meeting of the eighth Supervisory Board of Jiangnan Water Co., Ltd. was held on August 26, 2025, at the company's conference room [1] - The meeting was legally valid with all three supervisors present, and it was chaired by Ms. Zhao Hongxia [1] Meeting Resolutions - The Supervisory Board reviewed and approved the "2025 Half-Year Report," which reflects the company's operational and financial status during the reporting period [2] - The report was deemed objective, truthful, and complete, with no violations of confidentiality by the personnel involved in its preparation [2] - The board also approved the "2025 Half-Year Profit Distribution Plan," which considers the company's operational situation and future funding needs, ensuring the interests of all shareholders are taken into account [2]

证券代码：601199 证券简称：江南水务 公告编号：临 2025-035 债券代码：252240 债券简称：23 江南 01 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个别及连带责任。 重要内容提示： 1、上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） 江苏江南水务股份有限公司 关于召开 2025 年半年度业绩说明会的公告 2、价值在线（网址：www.ir-online.cn） 会议召开方式：上证路演中心视频直播和网络互动、价值在线网络互动方式 会议问题征集： 1、投资者可于 2025 年 09 月 05 日 （星期五） 至 09 月 11 日 （星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 master@jsjnsw.com 进行提问。 2、投资者可于 2025 年 09 月 12 日前访问网址 https://eseb.cn/1qxX8cj58MU 或使用微信扫描下方小程序码进行会前提问。 会议召开时间：2025 年 09 月 12 日 （星期 ...