Group 1 - The core viewpoint of the news is that Ningbo Water Meter Group Co., Ltd. has experienced fluctuations in its stock price and has shown significant growth in revenue and net profit for the first half of 2025 [1][2]. - As of September 3, the stock price of Ningbo Water Meter Group was 12.40 CNY per share, with a market capitalization of 2.501 billion CNY and a year-to-date increase of 26.38% [1]. - The company has a diverse revenue structure, with smart water meters accounting for 55.55% of its main business income, mechanical water meters 36.53%, and other products making up the remainder [1]. Group 2 - As of June 30, the number of shareholders for Ningbo Water Meter Group was 18,200, a decrease of 18.63% from the previous period, while the average circulating shares per person increased by 21.96% to 11,087 shares [2]. - For the first half of 2025, the company achieved operating revenue of 706 million CNY, representing a year-on-year growth of 10.44%, and a net profit attributable to shareholders of 53.63 million CNY, up 76.83% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 527 million CNY in dividends, with 159 million CNY distributed over the past three years [3].

（公 告编号：2025-038），因家族资产规划，蓝墨 8 号拟计划通过大宗交易 方式将所持有的 2,034,000 股股份转让给乌昕（张琳之子，本次转让 前未持有公司股份）和杨茗（张蕾之女，本次转让前未持有公司股份）， 本次通过大宗交易内部转让股份计划完成后，蓝墨 8 号将不再持有公 司股票，乌昕和杨茗将新增成为控股股东一致行动人。2025 年 9 月 1 日，公司收到蓝墨 8 号送达的《关于内部转让股份计划提前终止暨转 让结果的告知函》，蓝墨 8 号于 2025 年 9 月 1 日通过大宗交易方式向 乌昕合计转让 1,234,000 股，占公司总股本的 0.61%，转让完成后乌昕 新增成为控股股东一致行动人。此外，上述股东基于自身资金安排决 定提前终止其转让计划，其未转让部分本次不再转让。截至本公告披 露日，本次内部转让股份计划已实施完毕。 证券代码：603700 证券简称：宁水集团 公告编号：2025-050 宁波水表（集团）股份有限公司 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： | 资基 ...

证券代码：603700 证券简称：宁水集团 公告编号：2025-050 宁波水表（集团）股份有限公司 控股股东及其一致行动人内部转让股份结果公告 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： 1 控股股东及其一致行动人持股的基本情况：截至内部转让股份计划披 露日，宁波水表（集团）股份有限公司（以下简称"公司"）控股股东 及其一致行动人合计持有公司股份 51,148,388 股，占公司总股本的 25.36%。其中，控股股东之一张世豪先生直接持有公司股份 34,223,657 股，占公司总股本的 16.97%；控股股东之一张琳女士直接持有公司股 份 5,742,250 股，占公司总股本的 2.85%；控股股东一致行动人张蕾女 士直接持有公司股份 4,258,481 股，占公司总股本的 2.11%；控股股东 一致行动人"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"（以下简称"蓝墨 7 号"）直接持有公司股份 4,890,000 股， 占公司总股本的 2.42%；控股股东一致行动人"上海蓝 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月1日，宁水集团收涨5.36%，收盘价为12.78元，发生1笔大宗交易，合计成交量123.4万股，成交金额 1496.84万元。 第1笔成交价格为12.13元，成交123.40万股，成交金额1,496.84万元，溢价率为-5.09%，买方营业部为国 泰海通证券股份有限公司宁波民安东路证券营业部，卖方营业部为国泰海通证券股份有限公司宁波广福 街证券营业部。 进一步统计，近3个月内该股累计发生1笔大宗交易，合计成交金额为1496.84万元。该股近5个交易日累 计上涨2.16%，主力资金合计净流入631.38万元。 责任编辑：小浪快报 ...

Group 1 - On September 1, Ningshui Group executed a block trade of 1.234 million shares, with a transaction amount of 14.9684 million yuan, accounting for 9.89% of the total transaction amount for the day [1] - The transaction price was 12.13 yuan, which represents a discount of 5.09% compared to the market closing price of 12.78 yuan [1]

Group 1 - Ningbo Water Meter (Group) Co., Ltd. experienced a stock price increase of 5.36%, reaching 12.78 CNY per share, with a trading volume of 1.06 billion CNY and a turnover rate of 4.20%, resulting in a total market capitalization of 25.78 billion CNY [1] - The company's main business involves the research, development, production, and sales of mechanical and smart water meters, with revenue composition as follows: smart water meters 55.55%, mechanical water meters 36.53%, water meter accessories, software, and others 7.20%, and other supplementary items 0.73% [1] Group 2 - Hai Fu Tong Fund has a significant holding in Ningbo Water Meter, with its Hai Fu Tong Quantitative Stock Mixed A Fund (021655) holding 5,800 shares, accounting for 0.6% of the fund's net value, ranking as the tenth largest holding [2] - The Hai Fu Tong Quantitative Stock Mixed A Fund has achieved a year-to-date return of 25.78% and a one-year return of 31.35%, with a total fund size of 1.8757 million CNY [2] - The fund manager, Li Ziwu, has a tenure of 2 years and 200 days, with the best fund return during this period being 74.03% and the worst being -17.45% [2]

Core Viewpoint - Ningbo Water Meter (Group) Co., Ltd. reported a positive performance in the first half of 2025, with significant revenue and profit growth, while also focusing on transforming into a comprehensive smart water service provider [1][2]. Financial Performance - The company achieved total revenue of 706 million yuan, a year-on-year increase of 10.44% [1]. - Net profit attributable to shareholders reached 53.63 million yuan, up 76.83% compared to the same period last year [1]. - The net profit after deducting non-recurring gains and losses was 10.55 million yuan, a decrease of 52.49% year-on-year [1]. Market Strategy and Growth - The company capitalized on the partial recovery of the macro environment to strengthen its market position, implementing a "smart perception + data-driven + engineering closed-loop" service system [2]. - The business matrix includes hardware manufacturing, big data platform services, and pipeline detection and repair engineering [2]. - The sales team executed customized marketing strategies, leading to a solid foundation for business growth [2]. Regional Performance - The company reported over 50% revenue growth in regions such as East China, Northwest, and South China [2]. - Successful bids for multi-million projects in key markets like Shanghai, Ningbo, and Shenzhen were noted, with the Shanghai water meter procurement project exceeding 100 million yuan [2]. International Expansion - The company achieved over 25% revenue growth in overseas markets, with significant growth in the Asia-Pacific region exceeding 115% [2]. - The Americas and Africa markets maintained steady growth of over 15% [2]. Innovation and R&D - The company emphasized strong independent innovation capabilities and technological advantages, applying for 21 patents and obtaining 21 patents during the reporting period [3]. - Collaboration with universities and research institutions was deepened to promote a synergistic model of industry-academia-research [3].

Financial Performance - The company reported a total revenue of 706 million yuan for the first half of 2025, representing a year-on-year increase of 10.44% [1] - The net profit attributable to shareholders reached 53.63 million yuan, up 76.83% year-on-year [1] - In Q2 2025, total revenue was 440 million yuan, with a year-on-year growth of 13.4%, and net profit attributable to shareholders was 25.41 million yuan, increasing by 36.24% [1] - The gross margin was 21.39%, a decrease of 7.5% year-on-year, while the net margin improved to 7.59%, an increase of 60.28% [1] - The total of selling, administrative, and financial expenses was 87.11 million yuan, accounting for 12.33% of revenue, down 7.11% year-on-year [1] Balance Sheet Highlights - Accounts receivable amounted to 842 million yuan, with a year-on-year increase of 0.86%, and accounts receivable to net profit ratio reached 1606.21% [1][2] - The company’s interest-bearing debt decreased significantly by 61.59% to 45.27 million yuan [1] - Cash and cash equivalents were reported at 221 million yuan, a slight decrease of 1.48% [1] Business Model and Strategy - The company relies heavily on research and marketing to drive its performance, indicating a need for careful analysis of these underlying factors [2] - The company is expanding its business model beyond traditional water metering to include smart water solutions, driven by market demand for leak control, water conservation, and high-quality supply [3] - The company is transitioning towards a digital service-oriented model in the water sector, creating a comprehensive ecosystem that integrates smart sensing, data-driven management, and engineering services [3]

Core Viewpoint - The company announced that the first unlocking condition of the 2024 employee stock ownership plan was not achieved, leading to the proposed repurchase and cancellation of 1,737,250 shares that could not be unlocked due to unmet performance targets [1][3][5]. Summary by Sections Employee Stock Ownership Plan Implementation - The employee stock ownership plan was approved in the 2023 annual shareholders' meeting and has undergone several procedural approvals since then [2][3]. - The plan includes two unlocking periods: the first after 12 months and the second after 24 months, each allowing for the unlocking of 50% of the total shares held [4]. Performance Targets and Results - The performance targets for the first unlocking period required a revenue growth rate of at least 8% for 2024, based on the average revenue of 2022 and 2023 [4]. - The company's revenue for 2024 was reported at approximately 1.5 billion yuan, which did not meet the required growth target, resulting in the failure to unlock the shares [5]. Share Repurchase and Cancellation - The company plans to repurchase and cancel the shares that could not be unlocked, which will reduce the total share capital from 201,699,184 shares to approximately 199,961,934 shares [5]. - The repurchase and cancellation process will be subject to approval at the upcoming shareholders' meeting [5][6]. Impact on Company Operations - The proposed repurchase of shares is not expected to affect the ongoing implementation of the employee stock ownership plan or the company's operational capabilities [6][7]. - The management team will continue to fulfill their responsibilities and aims to create value for shareholders [7].

Core Viewpoint - Ningbo Water Meter (Group) Co., Ltd. announced the cancellation of stock options due to unmet performance conditions for the first exercise period of the 2024 stock option incentive plan [1][7][10] Group 1: Stock Option Incentive Plan - The company held meetings to review and approve the stock option incentive plan and its management measures [1][2] - The first exercise period of the stock option plan was not achieved due to the company failing to meet the performance targets for 2024 [7][8] - A total of 938,750 stock options will be canceled, including those for departing employees and those not exercised by current employees [9][10] Group 2: Performance Targets - The performance targets for the first exercise period required a revenue growth rate of no less than 8% for 2024, based on the average revenue of 2022 and 2023 [8] - The actual revenue for 2024 was reported at approximately 1.5 billion yuan, which did not meet the required growth target [8][9] Group 3: Legal and Procedural Compliance - The cancellation of stock options was deemed legally valid and in compliance with relevant regulations and the company's incentive plan [10][11] - The board and supervisory committee confirmed that the procedures followed for the cancellation were appropriate and did not harm the interests of the company or its shareholders [10][11]