本报告依据中国资产评估准则编制 江苏江南水务股份有限公司拟转让 江阴浦发村镇银行股份有限公司8%股权涉及的股东部分权益价值 资产评估报告 苏华评报字[2025]第563号 (共1册,第1册) 江苏华信资产评估有限公司 二〇二五年七月二十五日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3232020009202500636 | | | --- | --- | --- | | 合同编号: | 2025-563 | | | 报告类型: | 法定评估业务资产评估报告 | | | 报告文号: | 苏华评报字 2025 第563号 | | | 报告名称: | 江苏江南水条股份有限公司拟转让江阴浦发村镇银行股份有限公 司8%股权涉及的股东部分权益价值 | | | 评估结论: | 12.548.353.00元 | | | 评估报告日: | 2025年07月25日 | | | 评估机构名称: | 江苏华信资产评估有限公司 | | | 签名人员: | 陈晓娜 (资产评估师) | 正式会员 编号:32190170 | | | 项英 (资产评估师) | 正式会员 编号:32230129 | 陈晓娜、项英已实名认 ...

| 证券代码：601199 | 证券简称：江南水务 | 公告编号：临 2025-028 | | --- | --- | --- | | 债券代码：252240 | 债券简称：23 江南 01 | | 江苏江南水务股份有限公司 关于出售资产的公告 本次交易不构成关联交易：本次交易拟采用公开挂牌转让方式，交易对方尚 未确定，暂不构成关联交易。 本次交易不构成重大资产重组 交易实施尚需履行的审批及其他相关程序：本次交易已经公司第八届董事会 第三次会议审议批准，无需提交股东大会；尚需履行产权交易所公开挂牌程序。 本次拟转让股权通过公开挂牌的方式进行，目前受让方和最终交易价格尚未 确定，因此本次交易存在不确定性。敬请广大投资者注意投资风险。 一、交易概述 （一）本次交易的基本情况 1、本次交易概况 公司参股子公司浦发村镇银行为贯彻落实国家政策将进行改革重组，公司为进 一步优化投资结构，拟通过产权交易机构以公开挂牌方式转让所持有的浦发村镇银 行 8%股权。 本公司董事会、全体董事及相关股东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： 交易简要 ...

江南水务公告，公司拟通过产权交易所公开挂牌转让所持参股子公司江阴浦发村镇银行股份有限公司 8%股权，挂牌转让价格不低于所持浦发村镇银行8%股权对应评估值1254.84万元。浦发村镇银行2024年 度资产总额17.05亿元，负债总额15.49亿元，净资产1.56亿元，净利润-1.06亿元。 ...

Core Viewpoint - Jiangnan Waterworks (601199) announced on August 6 that its subsidiary, Pudong Development Village Bank, will undergo a restructuring, with the company planning to transfer its 8% stake in the bank through a public listing at a minimum price of 12.548353 million yuan [1] Group 1 - The company aims to optimize its investment structure through the transfer of its stake [1] - The stake being transferred is 8% of Pudong Development Village Bank [1] - The minimum transfer price is set at 12.548353 million yuan [1]

Core Viewpoint - Jiangnan Waterworks (601199.SH) announced the restructuring of its associate company, Pudong Development Village Bank, to implement national policies, leading to the decision to transfer its 8% stake through a public listing [1] Summary by Relevant Sections - **Company Actions** - The company plans to optimize its investment structure by publicly listing the transfer of its 8% stake in Pudong Development Village Bank [1] - The market value of the 8% stake is assessed at 12.548353 million yuan as of the evaluation benchmark date [1] - The transfer price will not be lower than the assessed market value, with the final transaction price and counterpart determined by the public listing results [1]

Group 1 - The core viewpoint of the articles highlights a continuing trend of insurance funds actively participating in the capital market through share acquisitions, with a total of 21 instances reported this year, surpassing the 20 instances recorded for the entirety of 2024 [1][2] - The surge in insurance companies' share acquisitions is attributed to adjustments in asset allocation strategies, driven by supportive policies aimed at encouraging long-term capital market investments [1][2] - In July alone, four insurance companies, including Lianan Life and Taikang Life, engaged in share acquisitions, indicating sustained enthusiasm among insurers [1] Group 2 - The companies targeted for acquisitions include major banks and various sectors such as public utilities, energy, transportation, and technology, with bank stocks being the most frequently acquired [2] - Ping An Life has notably acquired bank stocks seven times this year, with multiple instances of re-acquisition for Postal Savings Bank and Agricultural Bank [2] - The regulatory environment has significantly boosted insurance funds' market participation, with a reported fund utilization balance of 34.93 trillion yuan as of the end of Q1, reflecting a 5.03% increase from the end of 2024 [3] Group 3 - Recent policy adjustments by the Ministry of Finance aim to enhance the assessment of insurance fund performance, promoting a longer-term investment approach and increasing equity investment ratios [3] - The outlook for the second half of the year suggests that the trend of insurance funds acquiring shares will continue, supported by ongoing policy initiatives that facilitate long-term investments [3]

证券日报网讯江南水务7月31日在互动平台回答投资者提问时表示，公司积极利用人工智能技术助力减 污降碳协同增效。公司深化智慧水务2.0管理系统建设，构建全方位的智慧水务管理系统，在污水处理 业务中，采用"智慧排水"系统，通过传感器技术、网络和移动应用与水务信息系统的结合，实现数据化 监控和智慧化管理，提高污水处理能力。同时，公司推动绿色低碳发展，着力打造"零碳水厂"等示范项 目，加快企业生产运营标准体系建设、标杆水厂建设，支持厂、站向绿色低碳转型。 （文章来源：证券日报） ...

Core Viewpoint - Jiangnan Waterworks (601199.SH) has confirmed that its current business focus is primarily in the water sector, with no plans to expand into the energy sector [1] Business Operations - The main operations of the company include the production and sale of tap water, drainage services, and related water treatment activities [1] - The company also engages in engineering services and drainage operations, which encompass wastewater treatment, drainage network operation and maintenance, drainage network engineering, and entrusted operation services for wastewater treatment plants [1] Future Business Development - As of now, there are no business developments or plans for diversification into the energy sector [1]

（文章来源：证券日报） 证券日报网讯江阴银行7月29日在互动平台回答投资者提问时表示，江南水务与新国联不构成一致行动 人。 ...

Core Viewpoint - Since 2025, insurance companies have triggered 21 investment events involving stock acquisitions, surpassing the total number of such events in the previous year [4]. Group 1: Investment Activities - The A-share market has been experiencing upward fluctuations, and the Hong Kong stock market is recovering, leading to increased activity from insurance funds in the capital markets [2]. - In July 2025, Zhongyou Insurance announced its acquisition of shares in Green Power Environmental (01330.HK), triggering a stock acquisition disclosure [3][8]. - Other insurance companies, such as Xintai Life and Lianan Life, also disclosed stock acquisitions in July 2025 [9] [10]. Group 2: Specific Investment Cases - Zhongyou Insurance purchased 726,000 shares of Green Power Environmental, increasing its holdings to 20.51 million shares, representing 5.0722% of the company's H-share capital [8]. - Xintai Life increased its holdings in Hualing Steel (000932.SZ) to 345 million shares, raising its ownership from 4.99% to 5.00% [10]. - Lianan Life acquired 1.1 million shares of Jiangnan Water (601199.SH), increasing its stake from 4.91% to 5.03% [10]. Group 3: Financial Data and Trends - As of June 30, 2025, Zhongyou Insurance reported a net buy of over 90 billion yuan in public market equity investments [6]. - Xintai Life's equity assets amounted to 565.78 billion yuan, accounting for 19.07% of its total assets as of June 30, 2025 [10]. - Lianan Life's equity assets were reported at 205.6 billion yuan, making up 16.29% of its total assets as of May 31, 2025 [10]. Group 4: Market Dynamics and Regulatory Environment - The current wave of stock acquisitions by insurance companies is driven by a preference for high-dividend stocks, particularly in sectors like banking, public utilities, and pharmaceuticals, with an average dividend yield of 4.6% since 2024 [14]. - The downward trend in interest rates has increased investment pressure on insurance companies, prompting them to seek stable long-term investment returns through frequent stock acquisitions [15]. - Regulatory changes have encouraged insurance funds to engage in long-term equity investments, with new guidelines introduced to assess net asset returns over extended periods [19].