宁波水表（集团）股份有限公司 简式权益变动报告书 上市公司名称：宁波水表（集团）股份有限公司 股票上市地点：上海证券交易所 股票简称：宁水集团 股票代码：603700 信息披露义务人 1：张世豪 通讯地址： 浙江省宁波市 信息披露义务人 2：张琳 通讯地址： 浙江省宁波市 信息披露义务人 3：张蕾 通讯地址： 浙江省宁波市 信息披露义务人 4：上海蓝墨投资管理有限公司-蓝墨私享 7 号私募证券投资 基金 通讯地址： 上海市浦东新区民生路 1299 号西塔 6 楼 信息披露义务人 5：上海蓝墨投资管理有限公司-蓝墨私享 8 号私募证券投资 基金 通讯地址： 上海市浦东新区民生路 1299 号西塔 6 楼 股份变动性质：本次权益变动是由于信息披露义务人解除一致行动关系所引 起，解除后所持有公司的股份不再合并计算，不涉及信息披露义务人持股数 量和持股比例的变动。 本报告书签署日期：2025 年 4 月 28 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理 办法》（以下简称"《收购办法》"）、《 ...

宁波水表（集团）股份有限公司 简式权益变动报告书 信息披露义务人：徐云 上市公司名称：宁波水表（集团）股份有限公司 股票上市地点：上海证券交易所 股票简称：宁水集团 股票代码：603700 通讯地址： 浙江省宁波市 股份变动性质：本次权益变动是由于信息披露义务人解除一致行动关系所引 起，解除后所持有公司的股份不再合并计算，不涉及信息披露义务人持股数 量和持股比例的变动。 本报告书签署日期：2025 年 4 月 28 日 信息披露义务人声明 四、本次权益变动是根据本报告所载明的资料进行的。信息披露义务人没有 委托或者授权其它任何人提供未在本报告书列载的信息和对本报告书做出任何 解释或者说明。 五、信息披露义务人承诺本报告书不存在虚假记载、误导性陈述或重大遗漏， 并对其真实性、准确性、完整性承担个别和连带的法律责任。 1 | ਲ | | --- | 一、信息披露义务人依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理 办法》（以下简称"《收购办法》"）、《公开发行证券公司信息披露内容与格 式准则第 15 号—权益变动报告书》（以下简称" ...

宁波水表（集团）股份有限公司 简式权益变动报告书 上市公司名称：宁波水表（集团）股份有限公司 股票上市地点：上海证券交易所 股票简称：宁水集团 股票代码：603700 信息披露义务人 2：王菟莹 通讯地址： 浙江省宁波市 股份变动性质：本次权益变动是由于信息披露义务人解除一致行动关系所引 起，解除后所持有公司的股份不再合并计算，不涉及信息披露义务人持股数 量和持股比例的变动。 本报告书签署日期：2025 年 4 月 28 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理 办法》（以下简称"《收购办法》"）、《公开发行证券公司信息披露内容与格 式准则第 15 号—权益变动报告书》（以下简称"准则 15 号"）及相关的法律、 法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据上述法律法规的规定，本报告书已全面披露了信息披露义务人在宁 波水表（集团）股份有限公司中拥有权益的股份变动情况； 信 ...

股份变动性质：本次权益变动是由于信息披露义务人解除一致行动关系所引 起，解除后所持有公司的股份不再合并计算，不涉及信息披露义务人持股数 量和持股比例的变动。 本报告书签署日期：2025 年 4 月 28 日 信息披露义务人声明 宁波水表（集团）股份有限公司 简式权益变动报告书 上市公司名称：宁波水表（集团）股份有限公司 股票上市地点：上海证券交易所 股票简称：宁水集团 股票代码：603700 信息披露义务人：赵绍满 通讯地址： 浙江省宁波市 一、信息披露义务人依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理 办法》（以下简称"《收购办法》"）、《公开发行证券公司信息披露内容与格 式准则第 15 号—权益变动报告书》（以下简称"准则 15 号"）及相关的法律、 法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据上述法律法规的规定，本报告书已全面披露了信息披露义务人在宁 波水表（集团）股份有限公司中拥有权益的股份变动情况； 截至本 ...

北京市中伦（深圳）律师事务所 关于宁波水表（集团）股份有限公司 相关股东解除一致行动关系暨实际控制人变更的 北京市中伦（深圳）律师事务所 关于宁波水表（集团）股份有限公司 相关股东解除一致行动关系暨实际控制人变更的 法律意见书 二〇二五年四月 法律意见书 致：宁波水表（集团）股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）接受宁波水表（集团） 股份有限公司（以下简称"公司"或"宁水集团"）的委托，根据《中华人民共 和国民法典》《中华人民共和国公司法》《中华人民共和国证券法》《上市公司收 购管理办法》（以下简称"《管理办法》"）、《上海证券交易所股票上市规则》（以 下简称"《上市规则》"）等相关法律、法规、业务规则及《宁波水表（集团）股 份有限公司章程》（以下简称"公司章程"）的有关规定，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，本所律师就公司相关股东解除一致行动关系 暨实际控制人变更的相关事宜，出具本法律意见书。 就公司提供的文件、资料和陈述，本所及本所律师已得到公司的如下保证： （1）文件上所有的签名、印鉴都是真实的； （2）所有提供给本所及本所律师的文件的原件都是真实的； （3） ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥266,021,270.02, representing a 5.85% increase compared to ¥251,316,414.20 in the same period last year[3] - Net profit attributable to shareholders was ¥28,227,958.48, a significant increase of 141.62% from ¥11,682,794.82 year-on-year[3] - Basic and diluted earnings per share were both ¥0.14, reflecting a 133.33% increase compared to ¥0.06 in the previous year[3] - Total operating revenue for Q1 2025 was CNY 266,021,270.02, an increase of 5.7% compared to CNY 251,316,414.20 in Q1 2024[16] - Net profit for Q1 2025 reached CNY 28,196,441.30, compared to CNY 11,661,535.11 in Q1 2024, representing a significant increase of 141.5%[17] - Earnings per share for Q1 2025 were CNY 0.14, compared to CNY 0.06 in Q1 2024, indicating a 133.3% increase[18] - The company reported a total comprehensive income of CNY 28,196,441.30 for Q1 2025, compared to CNY 11,661,535.11 in Q1 2024[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,286,508,180.44, a slight increase of 0.35% from ¥2,278,462,651.43 at the end of the previous year[4] - The company's current assets totaled CNY 1,599,342,494.26 as of March 31, 2025, compared to CNY 1,577,011,466.00 at the end of 2024, indicating an increase of about 1.41%[12] - The total liabilities as of the end of the reporting period were CNY 665,247,717.87, a decrease from CNY 673,558,259.08 in the previous year[15] - The total equity attributable to shareholders of the parent company was CNY 1,622,350,073.32, up from CNY 1,605,962,485.92 year-over-year[15] Cash Flow - The net cash flow from operating activities was negative at -¥138,859,507.79, an improvement from -¥181,888,164.15 in the previous year[3] - Cash inflow from operating activities in Q1 2025 was CNY 331,287,029.74, slightly down from CNY 337,356,655.31 in Q1 2024[19] - The net cash flow from operating activities was -138,859,507.79 in the current period, compared to -181,888,164.15 in the previous period, indicating an improvement[20] - Total cash outflow from operating activities amounted to 470,146,537.53, down from 519,244,819.46 year-over-year[20] - The net cash flow from investing activities was -83,936,384.28, compared to -21,189,184.86 in the previous period, reflecting increased investment outflows[20] - Cash inflow from financing activities was 100,000,000.00, slightly down from 110,000,000.00 in the previous period[20] - The net cash flow from financing activities increased to 86,175,896.29 from 80,633,019.80 year-over-year[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,357[8] - The top shareholder, Zhang Shihao, holds 34,223,657 shares, accounting for 16.84% of the total shares[8] Operational Efficiency - The company plans to continue focusing on the disposal of non-core assets and improving operational efficiency in the upcoming quarters[5] - The cash and cash equivalents decreased to CNY 212,514,926.54 from CNY 348,442,912.62, representing a decline of approximately 39.0%[11] - Inventory levels rose to CNY 418,231,750.67 as of March 31, 2025, up from CNY 375,894,666.47, marking an increase of about 11.25%[12] - Accounts receivable stood at CNY 764,591,008.42, slightly decreasing from CNY 779,352,745.58, which is a reduction of approximately 1.9%[11] - The company paid 75,411,920.93 in employee-related cash outflows, compared to 90,833,677.72 previously, showing a reduction[20] - Tax payments amounted to 15,216,331.57, down from 30,381,994.26 year-over-year, indicating a decrease in tax liabilities[20] - Cash outflows related to other operating activities were 29,000,678.13, down from 45,749,710.59, reflecting improved operational efficiency[20] Research and Development - Research and development expenses for Q1 2025 totaled CNY 18,025,577.68, an increase of 19.1% from CNY 15,108,549.21 in Q1 2024[16] Strategic Initiatives - The company has not reported any significant changes in its shareholder structure or any new strategic initiatives during the reporting period[11] - There are no new product launches or technological advancements mentioned in the recent financial disclosures[11] - The company has not indicated any plans for market expansion or mergers and acquisitions in the latest reports[11]

宁水集团（603700）公告，2025年第一季度营收为2.66亿元，同比增长5.85%；净利润为2822.8万元， 同比增长141.62%。 ...

宁波水表（集团）股份有限公司 NINGBO WATER METER (GROUP) CO., LTD. 2024 年年度股东大会 会议资料 2025 年 5 月·宁波 2、 网 络 投 票 的 系 统 、 起 止 日 期 和 投 票 时 间 宁波水表（集团）股份有限公司 2024 年年度股东大会会议资料 目 录 | 2024 | 年年度股东大会会议议程 | | 2 | | | | --- | --- | --- | --- | --- | --- | | 议案一：关于 | 2024 | 年度董事会工作报告的议案 | 4 | | | | 议案二：关于 | 2024 | 年度监事会工作报告的议案 | 19 | | | | 议案三：关于 | 2024 | 年度财务决算报告的议案 | 23 | | | | 议案四：关于 | 2024 | 年度利润分配预案的议案 | 28 | | | | 议案五：关于公司 | 2024 | 年年度报告及摘要的议案 | 31 | | | | 议案六：关于聘请立信会计师事务所（特殊普通合伙）为公司 | 2025 | 年度审计机构的议案32 | | | | | 议案七：关于公司董事 | 20 ...

Core Insights - The conference held by Ningbo Water Meter (Group) Co., Ltd. focused on industry development trends, company strategic planning, and digital innovation applications, gathering 30 distributors and 47 representatives [1][5]. Group 1: Company Strategy and Market Dynamics - The company president emphasized the importance of collaboration with distributors to navigate a complex market environment and highlighted the strong policy support expected in 2025, which will create more market opportunities [5]. - The vice president presented a report indicating the company's proactive response to external challenges by accelerating its transformation into a comprehensive smart water service solution provider [5][6]. - The sales director announced adjustments to the distributor incentive policy for 2025, aiming to build a fair, sustainable, and stable channel ecosystem to achieve high-quality development [5]. Group 2: Digital Transformation and Innovation - The operations director discussed the company's digital layout and the development of artificial intelligence, showcasing examples of digital construction [6]. - The quality and production vice director presented a theme on dual-driven quality and efficiency, illustrating the company's strategic transformation and achievements during the industry's restructuring phase [6][8]. Group 3: Product Development and Industry Integration - During the new product launch segment, various experts presented innovations in water meter technology, urban water supply network monitoring, long-distance water pipeline safety operations, and trenchless pipeline repair technology, demonstrating the company's comprehensive "hard technology + soft power" ecosystem [8]. - The chairman concluded the conference by reiterating the company's strategic focus for 2025 on internal strengthening, stabilizing core business, promoting integration, and empowering new energy, aiming for differentiated breakthroughs through leading technology products [9]. Group 4: Recognition and Collaboration - The conference recognized outstanding distributors with the "2024 Annual Contribution Award" for their resilience and value creation spirit amidst market challenges [12]. - The company organized site visits to production workshops and group discussions to enhance partners' understanding of the company's technical strength and quality control systems, aiming to improve market collaboration efficiency [14]. Group 5: Future Outlook - Positioned at the intersection of digital transformation and industry change, the company aims to foster a collaborative environment with distributors to reshape the value chain in the water metering industry, continuing to write a new chapter of mutual benefit and win-win cooperation [16].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its performance relative to the market benchmark [3]. Core Insights - The company reported a 2024 revenue of 1.501 billion yuan, a year-over-year decrease of 16.13%, and a net profit attributable to shareholders of 52 million yuan, down 60.07% year-over-year, which aligns with prior forecasts [1][5]. - The company is facing challenges from industry demand contraction, intensified market competition, and supply chain pressures, but it is actively implementing a differentiated competitive strategy to navigate these challenges [1][2]. - The company is transitioning towards a digital service-oriented model in the water sector, focusing on building a smart water ecosystem that integrates intelligent sensing, data-driven approaches, and engineering services [2]. - A cash dividend of 2 yuan per 10 shares is proposed, amounting to approximately 39.98 million yuan, which represents 76.27% of the company's net profit for 2024 [2]. Financial Projections - Revenue projections for 2025, 2026, and 2027 are estimated at 1.709 billion yuan, 1.979 billion yuan, and 2.329 billion yuan, reflecting year-over-year growth rates of 13.9%, 15.8%, and 17.7% respectively [3][5]. - Net profit projections for the same years are 62 million yuan, 73 million yuan, and 88 million yuan, with expected growth rates of 18.3%, 17.7%, and 20.5% [3][5]. - The report outlines a gradual improvement in earnings per share, forecasting 0.31 yuan in 2025, 0.36 yuan in 2026, and 0.43 yuan in 2027 [5][12]. Valuation Metrics - The company’s price-to-earnings ratio is projected to decrease from 38.50 in 2024 to 24.62 by 2027, indicating an improving valuation as earnings grow [5][12]. - The return on equity is expected to rise from 3.3% in 2024 to 5.3% in 2027, reflecting enhanced profitability [5][12].