本次能源展会上，由宁水集团自主研发的Wireless MBus-LoRaWAN双通信模组产品及相关计量解决方案 受到行业专家及与会嘉宾广泛关注；该方案从欧洲不同地区应用场景和客户诉求出发，基于公司多款精 确可靠的机械计量基表，凭借通用模块广泛适配性及模组通信方式灵活组合的优势切入痛点，并结合客 户用表习惯及当地通讯现状进行特殊定制，切实解决客户面临的实际问题，进一步推动区域内智能计量 发展进程。与此同时，广大与会嘉宾亦对宁水集团全系列智能水表及浙江宁水水务科技有限公司（以下 简称"宁水科技"）的管网相关设备展现出浓厚兴趣，并就具体需求与项目展开重点探讨；展会期间，宁 水集团展台专业观众络绎不绝，洽谈交流密集有序，现场氛围热烈高涨，充分彰显了公司在水表行业内 地位与品牌影响力。 多年来，宁水集团始终秉持"一业为主，做精做强"经营理念，针对欧洲各地不同应用场景和市场需求， 量身定制契合当地用表习惯与通讯环境的智能供水方案，切实解决客户痛点；展望未来，公司将持续深 耕智能计量领域，发挥行业优势，联动全球产业链，助力世界数智化转型，突破瓶颈，迈向智慧水务快 速发展新阶段。 2025年11月18日至20日，2025年欧 ...

证券代码：603700 证券简称：宁水集团 公告编号：2025-058 宁波水表（集团）股份有限公司 关于 2024 年员工持股计划第一期未解锁股份回购注 销实施的公告 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： | 回购股份数量（股） | 注销股份数量（股） | | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | --- | | 1,737,250 | 1,737,250 | 2025 | 年 11 | 月 | 28 | 日 | 一、本次回购注销已履行的审议程序与信息披露情况 公司于 2025 年 8 月 27 日召开第九届董事会第四次会议、第九届监事会第四 次会议，并于 2025 年 9 月 15 日召开公司 2025 年第二次临时股东大会，审议通 过了《关于 2024 年员工持股计划第一个解锁期解锁条件未成就及回购注销未解 锁股份的议案》《关于取消监事会、减少注册资本及修订<公司章程>的议案》， 同意将公司 2024 年员工持股计划第一个解锁期解锁 ...

Core Viewpoint - The "2025 Environmental Water Industry Technology Expo" was successfully held in Shenzhen, showcasing the advancements in smart water management and the role of Ningbo Water Meter Group as a leading enterprise in the water metering industry [1][3] Group 1: Event Overview - The expo was guided by Shenzhen's Technology Innovation Bureau and Water Affairs Bureau, focusing on "empowering innovation and the future of smart water" [1] - The event aimed to promote innovation and green transformation in the environmental water industry, fostering the development of AI in water management [1] Group 2: Company Highlights - Ningbo Water Meter Group showcased over 1,000 product models in water metering, serving more than 2,300 domestic water companies and exporting to over 80 countries [2] - The company's collaboration with Shenzhen Environmental Water Group on the NB-IoT wireless remote water meter attracted significant attention from attendees [2] - The demand for high-performance water meter products is expanding, particularly for ultrasonic water meters, as highlighted in a presentation on application pain points and solutions [2] Group 3: Future Directions - Ningbo Water Meter Group aims to continue leading the industry by addressing the practical needs of water management in the Guangdong-Hong Kong-Macao Greater Bay Area, injecting new vitality and momentum into regional development [3]

Core Points - Ningbo Water Meter (Group) Co., Ltd. has developed an electromagnetic water meter that has been recognized as an "Excellent Industrial Product" in Zhejiang Province for 2025, highlighting its technical performance and market application [1] - The electromagnetic water meter features a design without mechanical moving parts, offering high precision, low power consumption, wide measurement range, and reliability, with an IP68 protection rating [1] - The product addresses issues found in traditional water meters, such as high pressure loss, clogging, and inability to measure low flow rates, making it suitable for various applications including urban water supply and agricultural irrigation [1] - The recognition reflects the company's ongoing investment in research and development in the electromagnetic water meter field, with positive user feedback from multiple municipal water projects [1] - The company plans to continue focusing on water measurement, enhancing product reliability and technical services, and advancing smart water solutions for industry clients [2]

Core Viewpoint - Ning Shui Group (603700.SH) announced a share reduction by a major shareholder, Wang Zonghui, which has implications for the company's stock performance and shareholder structure [1] Summary by Relevant Sections - **Shareholder Activity** - Wang Zonghui, a shareholder holding over 5% of the company, notified the company about a share reduction that touched the 1% threshold [1] - On October 15, 2025, Wang reduced his holdings by 245,000 shares through block trading [1] - Between October 21 and November 3, 2025, he further reduced his holdings by 166,200 shares through centralized bidding, totaling a reduction of 411,200 shares [1] - This reduction represents 0.2039% of the company's total share capital, decreasing his ownership from 6.20% to 6.00% [1]

证券代码：603700 证券简称：宁水集团 公告编号：2025-057 宁波水表（集团）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 股东王宗辉先生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。 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | 王宗辉 | □ | 控股股东/实控人 | | | | □ | 控股股东/实控人的一致 | □ _____________ | | | 行动人 | | 不适用 ☑ | | | ☑ | 其他直接持股股东 | | 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 6.20% 权益变动后合计比例 6.00% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否☑ 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 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | ☑其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | ...

Company Overview - Ning Shui Group was established on January 1, 1958, and listed on the Shanghai Stock Exchange on January 22, 2019. The company is a leading manufacturer of water meters in China, focusing on the research, production, and sales of mechanical and smart water meters, with a strong technical foundation and full industry chain advantages [1] Financial Performance - As of Q3 2025, Ning Shui Group reported revenue of 1.202 billion yuan, ranking 10th among 61 companies in the industry. The top competitor, Chuan Yi Co., achieved 4.89 billion yuan in revenue, while the industry average was 655 million yuan [2] - The net profit for the same period was 75.267 million yuan, placing the company 20th in the industry. The leading company, Chuan Yi Co., had a net profit of 469 million yuan, with the industry average at 58.967 million yuan [2] Financial Ratios - The company's debt-to-asset ratio as of Q3 2025 was 32.03%, an increase from 28.64% in the previous year and above the industry average of 27.43% [3] - The gross profit margin for the same period was 20.58%, down from 22.10% year-on-year and below the industry average of 43.50% [3] Executive Compensation - The chairman, Zhang Lin, received a salary of 751,400 yuan in 2024, a decrease of 139,100 yuan from 2023. The general manager, Chen Xiang, earned 1,285,700 yuan, an increase of 6,000 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 18.22% to 14,900, while the average number of circulating A-shares held per shareholder increased by 22.27% to 13,600 [5] Future Outlook - According to Yongxing Securities, Ning Shui Group's performance in Q1 2025 was stable, with revenue of 266 million yuan, a year-on-year increase of 5.85%, and a net profit of 28 million yuan, up 141.62% year-on-year, primarily due to the disposal of a subsidiary. The company is expected to achieve revenues of 1.709 billion, 1.979 billion, and 2.329 billion yuan from 2025 to 2027, with corresponding net profits of 62 million, 73 million, and 88 million yuan [6]

Core Insights - Ning Shui Group (603700.SH) reported a revenue of 1.202 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 18.62% [1] - The company's net profit attributable to shareholders reached 75.37 million yuan, showing a significant year-on-year increase of 114.2% [1] - The non-recurring net profit was 32.01 million yuan, reflecting a year-on-year growth of 29.10% [1] - Basic earnings per share stood at 0.38 yuan [1]

Major Events - Shanghai Zhiyuan Hengyue Technology completed the tender offer for Shangwei New Materials, acquiring 58.6232% of the shares, with trading resuming on October 30, 2025 [4] - Peking University Pharmaceutical's chairman and president Xu Xiren has been detained for criminal investigation, but the company's control and operations remain normal [5] - China Unicom's chairman Chen Zhongyue resigned due to work adjustments, effective October 29, 2025 [6][7] - CITIC Financial Assets increased its stake in Hangyang Co., Ltd. to 5% through a block trade, reflecting confidence in the company's future [8] - Haoshi Electromechanical's subsidiary plans to invest 232 million yuan in a high-end equipment intelligent manufacturing project [9] - Zhejiang Xiantong's second shareholder Li Qifu plans to invest 130 million yuan in Qiteng Robotics to enhance production capacity [10] - Qianjiang Biochemical's subsidiary has completed a project for bio-pesticide production, with an annual capacity of 3,261 tons [11] - Dongni Electronics will face risk warnings and a one-day suspension due to an administrative penalty [12] - Jindao Technology signed a strategic cooperation agreement with Hangcha Group to develop robotic joint modules [14] Performance Overview - Kweichow Moutai reported Q3 net profit of 19.224 billion yuan, a 0.48% increase year-on-year, with total revenue of 39.064 billion yuan [15] - Huibai New Materials achieved a Q3 net profit of 27.1307 million yuan, a 3066.26% increase year-on-year, with revenue growth of 49.59% [16] - Zangzi Island reported a Q3 net loss of 42.5226 million yuan, with revenue down 19.92% [17] - OFILM reported a Q3 net profit of 40.8235 million yuan, a 411.91% increase year-on-year, with revenue growth of 21.15% [18] - China Rare Earth's Q3 net profit was 30.4752 million yuan, down 26.43% year-on-year, with revenue declining 22.4% [19] - Tianqi Lithium reported a Q3 net profit of 95.4855 million yuan, turning a profit after previous losses [20] - New Yisheng's Q3 net profit was 2.385 billion yuan, a 205.38% increase year-on-year, driven by AI-related sales growth [21] - Industrial Fulian's Q3 net profit increased by 49% year-on-year [22] - CICC's Q3 net profit grew by 130% year-on-year [23] - Tianpu Co., Ltd. reported a Q3 net profit increase of 33% [24] - BlueFocus reported a Q3 net profit of 99.2389 million yuan, a 265.47% increase year-on-year [25] - Ningshui Group's Q3 net profit was 21.7388 million yuan, a 347.57% increase year-on-year [26] - Shoukai Co. reported a Q3 net loss of 3.105 billion yuan [27] - Xiamen Xiangyu's Q3 net profit was 601 million yuan, a 443.17% increase year-on-year [29] - Huaneng Intelligent reported a Q3 net loss of 53.8408 million yuan, a significant decline [30] - Zhongjin Gold's Q3 net profit increased by 39.18% year-on-year [31] - Shandong Gold's Q3 net profit increased by 92% year-on-year [32] - Yahua Group's Q3 net profit was 198 million yuan, a 278.06% increase year-on-year [33] - Western Gold's Q3 net profit increased by 168% year-on-year [34] - Laobai Gan Liquor reported a 28% decline in net profit for the first three quarters [35] - Kaiying Network's Q3 net profit was 633 million yuan, a 34.51% increase year-on-year [36] - Tongchen Beijian reported a Q3 net profit of 171 million yuan, turning a profit from previous losses [37] - Nanshan Holdings' Q3 net profit increased by 203.51% year-on-year [38] - China Merchants Bank's Q3 net profit was 38.842 billion yuan, a 1.04% increase year-on-year [39] - Huahong Technology's Q3 net profit increased by 7111% year-on-year [40] - Fangda Special Steel's Q3 net profit increased by 1368.1% year-on-year [41] Shareholding Changes - WuXi AppTec's controlling shareholder plans to reduce its stake by up to 2% [43] - Hecai Technology's major shareholder Bosch China plans to reduce its stake by up to 3% [44] Major Contracts - China Electric Power Construction signed a contract worth 6.568 billion yuan for a hospital project in Peru [45] - Lanshi Heavy Industry signed a significant contract in the nuclear energy sector worth 581 million yuan [46] - Guoke Military Industry's subsidiary signed a major sales contract worth 466 million yuan [48]

Core Viewpoint - Ning Shui Group (603700.SH) reported significant growth in its third-quarter financial results, indicating strong operational performance and profitability improvements [1] Financial Performance - The company achieved a revenue of 495 million yuan in the third quarter, representing a year-on-year increase of 32.63% [1] - The net profit attributable to shareholders reached 21.7388 million yuan, marking a substantial year-on-year growth of 347.57% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 21.4544 million yuan, reflecting an impressive year-on-year increase of 732.59% [1] - Basic earnings per share stood at 0.11 yuan [1]