重要提示 江苏联合水务科技股份有限公司 2025 年半年度报告 2025 年 8 月 公司代码：603291 公司简称：联合水务 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 江苏联合水务科技股份有限公司 2025 年半年度报告 四、 公司负责人俞伟景、主管会计工作负责人陈国清及会计机构负责人（会计主管人员）毛姝云声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中涉及或可能涉及的未来发展战略、行业情况等前瞻性陈述，不构成公司对投资者的 实质承诺，提请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 报告期内，公司不存在对生产经营产生实 ...

Core Viewpoint - The company, United Water, reported that as of March 31, 2025, the total number of common stock shareholders was 8,739 [2] Summary by Relevant Sections - Shareholder Information - As of the end of Q1 2025, the total number of common stock shareholders for the company was 8,739 [2]

Summary of Key Points Core Viewpoint - Jiangsu United Water Technology Co., Ltd. has approved the estimated external guarantee limit for 2025, amounting to RMB 2.78 billion, to support the operational and business development needs of the company and its subsidiaries [1][2]. Group 1: External Guarantee Situation Overview - The company held its 14th meeting of the second board on April 23, 2025, and the annual shareholders' meeting on May 20, 2025, to review and approve the external guarantee limit for 2025 [1]. - The estimated new external guarantee limit for 2025 is RMB 278 million, which includes guarantees for subsidiaries with varying debt ratios [1]. - Guarantees for subsidiaries with a debt ratio above 70% are set at RMB 32.9 million, while those below 70% are set at RMB 155.1 million. Additionally, guarantees provided by subsidiaries to the company amount to RMB 90 million [1]. Group 2: External Guarantee Business Activity in July 2025 - In July 2025, there were no new external guarantees issued by the company or its subsidiaries [2]. - As of July 31, 2025, the total external guarantees provided by the company and its subsidiaries amounted to RMB 3.774 billion [2]. - The guarantees provided to the controlling subsidiaries totaled RMB 2.430 billion, representing 136.80% of the company's latest audited net assets [2]. - The company has not provided guarantees for controlling shareholders, actual controllers, or their related parties, and there are no overdue guarantees or guarantees involved in litigation [2].

证券日报网讯7月31日晚间，联合水务（603291）发布公告称，2025年7月份，公司及下属子公司无新增 对外担保。截至2025年7月31日，公司及控股子公司对外担保总额为人民币377，440.25万元。公司及控 股子公司未对合并报表外主体提供担保，公司对控股子公司提供的担保总额为人民币243，012.11万 元，占公司最近一期经审计归母净资产的比例为136.80%。公司未为控股股东、实际控制人及其关联方 提供担保，亦无逾期对外担保和涉及诉讼的对外担保。 ...

证券代码：603291 证券简称：联合水务 公告编号：2025-037 江苏联合水务科技股份有限公司 一、对外担保情况概述 （一）2025年度对外担保额度预计情况 为满足公司及下属子公司日常经营和业务发展的资金需要，提高决策效率， 统筹安排公司及下属子公司（含控股、全资子公司）的担保事项，公司于 2025 年 4 月 23 日召开第二届董事会第十四次会议、于 2025 年 5 月 20 日召开 2024 年年度股东大会，审议通过了《关于公司 2025 年度对外担保额度预计的议案》。 同意公司 2025 年度新增对外担保额度预计为人民币 278,000 万元，公司为下属 子公司担保额度、下属子公司为公司担保额度以及下属子公司之间担保额度合并 计算，其中为资产负债率 70%以上的下属子公司提供担保额度为 32,900 万元， 为资产负债率 70%以下的下属子公司提供担保额度为 155,100 万元，下属子公司 为公司提供担保额度为 90,000 万元。具体内容详见公司于 2025 年 4 月 25 日披 露的《关于公司 2025 年度对外担保额度预计的公告》（公告编号：2025-020）。 （二）2025年7月公 ...

Core Viewpoint - United Water (603291.SH) is a comprehensive water service company engaged in various water management activities, including water production and supply, sewage treatment and resource utilization, river and lake basin water governance, and water ecological restoration [1] Company Overview - The company operates in multiple sectors of the water industry, focusing on water production, sewage treatment, and ecological restoration [1] - Currently, the company has not ventured into seawater desalination business or research [1]

资料显示，自2023年上市以来，联合水务连续发布年度ESG报告，不断拓展ESG信息披露的深度与广 度。2025年4月25日，公司正式对外发布《2024年度环境、社会及治理报告》，遵循国内外最新信息披 露标准，系统展现公司在可持续发展领域的实践成果。 业内人士指出，联合水务的ESG实践已经从单一的环境保护拓展到全面的可持续发展体系。公司建立从 战略到执行的全链条ESG治理架构，实现环境绩效、社会责任和公司治理的有机统一。 近日，国内知名指数机构上海华证指数信息服务有限公司（以下简称"华证"）更新了联合水务 (603291)ESG评级，在原"BBB"级的基础上进一步提升至"A"级，在GICS（全球行业分类标准）三级行 业水公用事业全部17家上市公司中排名第2，并荣登"2025年A股上市公司公用事业行业ESG绩效 TOP20"榜单，展现出公司在可持续发展道路上的卓越追求与持续进步。 此次提升并非联合水务ESG表现的孤立亮点。6月19日，知名权威ESG评级机构万得（Wind）更新了公 司最新一期的ESG评级结果，联合水务凭借在ESG领域的领先实践和卓越成效，荣获"AA"级评级，连 续两年在水务行业中获得最高评级。最新 ...

Core Viewpoint - Jiangsu United Water Technology Co., Ltd. expects a significant decline in net profit for the first half of 2025, with a projected decrease of approximately 53.11% compared to the same period last year [2][3]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of approximately 38.95 million yuan for the first half of 2025, down from 83.06 million yuan in the same period last year, representing a decrease of about 44.11 million yuan [2][3]. - The projected net profit after deducting non-recurring gains and losses is around 34.63 million yuan, a decrease of approximately 29.70% from 49.26 million yuan in the previous year [2][3]. Group 2: Previous Year’s Performance - In the same period last year, the total profit was 113.87 million yuan, with a net profit attributable to shareholders of 83.06 million yuan and a net profit after deducting non-recurring gains and losses of 49.26 million yuan [5]. Group 3: Reasons for Performance Decline - The decline in performance is primarily due to the absence of significant non-recurring gains, such as a one-time litigation compensation received in the previous year [7]. - Increased depreciation and amortization costs from upgrades to wastewater treatment plants have pressured profits, while water price adjustments have not yet been implemented [7]. - The water supply and related business segment has seen a slight decline in contributions from sub-segments, influenced by market conditions [7].

Jiangsu United Water Technology Co., Ltd. 2025 Semi-Annual Performance Forecast [Performance Forecast Summary](index=1&type=section&id=Key%20Content%20Highlights) The company forecasts a significant year-on-year decline in H1 2025 net profit, mainly due to a high comparative base from prior period's one-time litigation compensation Key Performance Indicators for H1 2025 Performance Forecast | Indicator | H1 2025 (Estimated) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. 38.9478 million RMB | ↓ Approx. 53.11% | | Net Profit After Non-Recurring Gains/Losses | Approx. 34.6304 million RMB | ↓ Approx. 29.70% | [Details of Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast%20Overview) Preliminary estimates indicate H1 2025 net profit attributable to shareholders is approximately **38.95 million RMB**, a **53.11%** year-on-year decrease, with unaudited figures H1 2025 Performance Forecast | Item | Current Period (H1 2025) Estimated | Prior Period (H1 2024) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. 38.9478 million RMB | 83.0580 million RMB | ↓ Approx. 53.11% | | Net Profit After Non-Recurring Gains/Losses | Approx. 34.6304 million RMB | 49.2582 million RMB | ↓ Approx. 29.70% | - The performance forecast data represents preliminary calculations by the company's finance department and has not been audited by a certified public accountant[6](index=6&type=chunk) [Review of Prior Period Performance](index=2&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) In H1 2024, the company reported net profit attributable to shareholders of **83.06 million RMB** and earnings per share of **0.19625 RMB** Key Financial Data for H1 2024 | Indicator | Amount | | :--- | :--- | | Total Profit | 113.8687 million RMB | | Net Profit Attributable to Shareholders | 83.0580 million RMB | | Net Profit After Non-Recurring Gains/Losses | 49.2582 million RMB | | Earnings Per Share | 0.19625 RMB | [Analysis of Reasons for Performance Decline](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Decline) The performance decline is attributed to a high prior-period base from one-time litigation compensation, increased depreciation in wastewater treatment, and reduced water supply installation business - Decrease in non-recurring gains and losses: A subsidiary received a significant one-time litigation compensation in H1 2024, which is absent in H1 2025, leading to a substantial year-on-year reduction in current period profit[9](index=9&type=chunk) - Squeezed profit in wastewater treatment business: Increased depreciation and amortization from upgrades at some wastewater treatment plants, without corresponding water price adjustments, impacted project profitability[9](index=9&type=chunk) - Decline in water supply and related businesses: Contribution from water supply installation engineering business slightly decreased year-on-year due to market conditions[9](index=9&type=chunk) [Risk Warning and Other Matters](index=2&type=section&id=IV.%20Risk%20Warning) The company confirms no significant uncertainties affecting the forecast's accuracy, emphasizing that the preliminary, unaudited data is subject to the final semi-annual report - The company states that as of the announcement date, there are no significant uncertainties affecting the accuracy of this performance forecast[11](index=11&type=chunk) - The company reminds investors that the performance forecast data is preliminary and unaudited, with final figures subject to the company's 2025 semi-annual report[12](index=12&type=chunk)

Core Viewpoint - The company, United Water (603291), anticipates a significant decline in net profit for the first half of 2025 compared to the same period in the previous year, indicating potential challenges ahead for the business [1] Financial Performance Summary - The company expects to achieve a net profit attributable to shareholders of approximately 38.95 million yuan for the first half of 2025, a decrease of about 44.11 million yuan compared to 83.06 million yuan in the same period last year, representing a year-on-year decline of approximately 53.11% [1] - The anticipated net profit, after deducting non-recurring gains and losses, is projected to be around 34.63 million yuan, down by approximately 14.63 million yuan from 49.26 million yuan in the previous year, reflecting a year-on-year decrease of about 29.70% [1] - The performance forecast data is based on preliminary calculations by the financial department and has not yet been audited by an accounting firm [1]