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]

Market Overview - The Shanghai Composite Index closed at 3519.65 points, above the annual line, with a change of 0.27% [1] - The total trading volume of A-shares reached 14809.22 billion yuan [1] Stocks Breaking Annual Line - A total of 46 A-shares have surpassed the annual line today, with notable stocks including: - Siyuan Electric (002028) with a deviation rate of 7.62% - Huaming Equipment (002270) with a deviation rate of 2.75% - Tongyi Co., Ltd. (300538) with a deviation rate of 2.63% [1] Deviation Rate Rankings - The top stocks with the highest deviation rates from the annual line include: - Siyuan Electric: 10.00% increase, latest price 76.99 yuan, deviation rate 7.62% - Huaming Equipment: 3.25% increase, latest price 16.85 yuan, deviation rate 2.75% - Tongyi Co., Ltd.: 2.63% increase, latest price 16.02 yuan, deviation rate 2.63% [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the annual line include: - Daqin Railway and *ST Haiyuan with minimal deviation rates [1]

持股 5%以上股东减持股份实施结果公告 本公司董事会、全体董事及股东 UW Holdings Limited 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： 大股东持股的基本情况 本次减持计划实施前，股东 UW Holdings Limited 持有公司无限售流通股份 45,493,095 股，占公司总股本的 10.75%。股东 UW Holdings Limited 是公司 IPO 前引进的财务投资人，上述股份来源均为公司首次公开发行股票并上市前持有股 份，且已于 2024 年 3 月 27 日解除限售并上市流通。 减持计划情况 2025 年 3 月 29 日，公司披露了《江苏联合水务科技股份有限公司持股 5% 以上股东减持股份计划公告》（公告编号：2025-013），UW Holdings Limited 拟通过集中竞价和大宗交易的方式进行减持，合计不超过 12,696,618 股，合计减 持公司股份不超过总股本的 3%。 证券代码：603291 证券简称：联合水务 公告编号：2025-035 江苏联合水务科技股份有限公司 ( ...

提示性公告 公司股东 UW Holdings Limited 保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 证券代码：603291 证券简称：联合水务 公告编号：2025-034 江苏联合水务科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的 | 投 资 | 者 | 变动前股数 | 变 | 动 | 前 | 变动后股数 | 变 动 | 后 | | | 权益变动的 | 资 金 来 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | （万股） | | 比例（%） | | （万股） | 比例（%） | | 权益变动方式 | | 时间区间 | 源（仅增 持填写） | | 发生直接持股变动的主体： | | | | | | | | | | | | | | UW Holdings Limited | | 3,669.6095 | | 8.67 | | 3,365.24 ...

Core Viewpoint - The company has provided a guarantee for a loan taken by its subsidiary, Shanghai Boruisi Environmental Technology Co., Ltd., amounting to RMB 2 million, with a maximum liability of RMB 2.2 million, to support its operational needs [2][6]. Group 1: Guarantee Details - On June 23, 2025, Shanghai Boruisi signed a loan agreement with Bank of Communications, and the company provided a joint liability guarantee for this loan [2]. - The guarantee does not have any counter-guarantee [2]. - The guarantee is within the authorized limit set by the company's 2024 annual shareholders' meeting, thus no further board or shareholder approval is required [4]. Group 2: Internal Decision-Making Process - The company held its 14th board meeting on April 23, 2025, and the 2024 annual shareholders' meeting on May 20, 2025, to approve the external guarantee limit for 2025, which is estimated at RMB 2.78 billion [3]. - The approved guarantee limits include RMB 329 million for subsidiaries with a debt-to-asset ratio above 70% and RMB 1.551 billion for those below 70% [3]. Group 3: Financial Overview - As of June 30, 2025, the total external guarantees provided by the company and its subsidiaries amounted to RMB 3.80491 billion, including the current guarantee [7]. - The guarantees provided to subsidiaries total RMB 2.44278 billion, which is 137.52% of the company's latest audited net assets [7]. - The company has not provided guarantees for its controlling shareholders or related parties, and there are no overdue guarantees or guarantees involved in litigation [7].

证券代码：603291 证券简称：联合水务 公告编号：2025-033 江苏联合水务科技股份有限公司 关于 2025 年 6 月提供担保的进展公告 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。 重要内容提示： 担保对象及基本情况 | 被担保人名称 | | 上海博瑞思环境科技有限公司 万元 | | | --- | --- | --- | --- | | 本次担保金额 | 220 | | | | 实际为其提供的担保余额 | 220 | 万元 | | | 是否在前期预计额度内 | √是 | □否 | □不适用：_________ | | 本次担保是否有反担保 | □是 | √否 | □不适用：_________ | | 担保对象 | | | | 一、担保情况概述 （一）担保的基本情况 2025 年 6 月 23 日，上海博瑞思环境科技有限公司（以下简称"博瑞思"） 与交通银行股份有限公司上海静安分（支）行（以下简称"交通银行上海静安分 行"）签署《流动资金借款合同》（合同编号：Z2521LN15601077），向交通银行 上海静安 ...

Core Viewpoint - The announcement details a significant change in the shareholding structure of Jiangsu United Water Technology Co., Ltd., specifically a reduction in the stake held by a major shareholder, UW Holdings Limited, from 10.00% to 8.67% through a block trade on June 24, 2025 [1]. Group 1: Shareholding Changes - UW Holdings Limited reduced its shareholding from 3,669,609.5 shares (10.00%) to 4,232,209.5 shares (8.67%) [1]. - The reduction in shareholding represents a decrease of 1.33% in the total shareholding of the company [1]. - This change is part of a previously disclosed share reduction plan that has not yet been fully implemented [1]. Group 2: Compliance and Regulations - The company confirms that the shareholding change does not violate any prior commitments or plans [1]. - The announcement adheres to the regulations set forth by the "Measures for the Administration of Listed Company Acquisitions" and other relevant legal frameworks [2]. - The company will ensure compliance with the reduction regulations and fulfill its information disclosure obligations [3].

证券代码：603291 证券简称：联合水务 公告编号：2025-032 江苏联合水务科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 公司股东 UW Holdings Limited 保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 10.00% | | | | 权益变动后合计比例 | 8.67% | | | | 本次变动是否违反已作出的承 | 是□ | 否☑ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 2.信息披露义务人信息 信息披露义务人名称 投资者身份 统一社会信用代码 UW Holdings Limited □ 控股股东/实控人 □ 控股股东/实控人的一致 行动人 ☑其他直接持股股东 □ ☑ 不适用，公司编号： 282795 ...

证券代码：603291 证券简称：联合水务 公告编号：2025-031 江苏联合水务科技股份有限公司 关于 2025 年 5 月提供担保的进展公告 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。 重要内容提示： 被担保人名称：咸宁联合水务有限公司,本次担保不属于关联担保。 本次担保金额及已实际为其提供的担保余额：本次江苏联合水务科技股 份有限公司（以下简称"公司"）为公司全资子公司咸宁联合水务有限公司（以 下简称"咸宁联合水务"）提供的担保金额分别为人民币 11,000 万元、3,000 万 元。上述担保事项后，扣除已履行到期的担保，公司及公司下属子公司已累计向 咸宁联合水务提供的担保余额为人民币 21,300.00 万元。 一、对外担保情况概述 （一）担保基本情况简介 2025年5月14日，咸宁联合水务与中国工商银行股份有限公司咸宁分行（以 下简称"工商银行咸宁分行"）签署《固定资产借款合同》（合同编号： 0181800002-2025年（泉山）字00069号），向工商银行咸宁分行申请借款人民币 11,000万元整。同日，公 ...