Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 20 million, up 10% compared to the same period last year[12]. - Basic earnings per share increased by 41.46% to CNY 0.58 compared to the same period last year[19]. - Operating revenue rose by 18.33% to CNY 656,121,910.98, up from CNY 554,499,279.49 in the previous year[19]. - Net profit attributable to shareholders increased by 46.51% to CNY 117,296,874.53, compared to CNY 80,063,130.95 in the same period last year[19]. - The company's operating revenue for the reporting period was ¥656,121,910.98, an increase of 18.33% compared to ¥554,499,279.49 in the same period last year[53]. - The company reported a total of 1,245,989,328 RMB in equity attributable to shareholders at the end of the period[152]. - The total revenue for the first half of 2020 reached CNY 1,317,084,876, showing a significant increase compared to the previous period[156]. - The net profit attributable to the parent company was CNY 203,242,000, reflecting a strong performance in the first half of the year[156]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 20% for the second half of 2020, driven by increased demand for smart water management solutions[12]. - Market expansion plans include entering two new provinces by the end of 2020, targeting a 30% increase in market share[12]. - The company is actively adapting to the evolving market landscape by focusing on smart water meter development and related software solutions[34]. - The company plans to continue expanding its market presence both domestically and internationally, particularly in the smart water meter sector[64]. Research and Development - The company is investing RMB 5 million in R&D for new IoT water meter technologies, aiming to enhance data transmission capabilities[12]. - The company's R&D expenses rose to ¥25,425,908.65, reflecting a significant increase of 53.73% from ¥16,539,684.73 in the previous year, indicating a stronger focus on innovation[53]. - The company has established six project teams focused on the development of smart water terminal products and public service platforms, enhancing its technological innovation capabilities[47]. - The company is leveraging emerging technologies such as IoT, big data, and cloud computing to enhance product quality and provide intelligent value-added services[67]. Operational Efficiency - The company has maintained a strong cash position, with cash and cash equivalents totaling RMB 50 million as of June 30, 2020[12]. - The company has restructured its supply chain to reduce procurement costs while ensuring material supply for R&D and production[49]. - The company has implemented a performance management reform, incorporating senior management into the assessment system to improve management effectiveness[50]. - The company has a strong management team with extensive industry experience, which contributes to its stable growth and operational efficiency[42]. Risk Management - The company emphasizes the importance of risk management, stating that there are no substantial risks affecting operations during the reporting period[12]. - The company faces risks from macroeconomic fluctuations, which could impact product demand in the water supply sector[64]. - The company has implemented measures to mitigate risks from raw material price fluctuations and currency exchange rate changes[65]. Environmental Compliance - The company emphasizes environmental protection, ensuring that production processes comply with national and local environmental regulations, resulting in minimal waste generation[98]. - The company has engaged independent third-party agencies for environmental monitoring to ensure compliance with environmental laws[98]. - The company has implemented pollution prevention measures in line with the "three simultaneous" principle during project construction[99]. Shareholder Information - The company distributed a cash dividend of 0.3 RMB per share, totaling 46,902,000 RMB, and converted 46,902,000 shares from capital reserves[105]. - The total number of shares increased from 156,340,000 to 203,242,000 after the capital reserve conversion and cash dividend distribution, resulting in a total increase of 46,902,000 shares[105]. - The company has a lock-up period of 36 months for shares held by major shareholders, including Zhang Shihua and Wang Zonghui[114]. - The company reported a significant increase in shareholdings among directors, with Zhang Shihua's holdings rising to 40,233,657 shares[118]. Financial Position - Total assets increased by 5.95% to CNY 1,801,711,409.04 from CNY 1,700,511,780.22 at the end of the previous year[19]. - The company's net assets attributable to shareholders rose by 5.73% to CNY 1,315,508,797.32[19]. - Total liabilities as of June 30, 2020, were ¥484,626,532.94, up from ¥454,522,451.83, which is an increase of about 6.5%[127]. - Shareholders' equity increased to ¥1,317,084,876.10 from ¥1,245,989,328.39, reflecting a growth of approximately 5.7%[127].

Financial Performance - Net profit attributable to shareholders increased by 32.58% to CNY 33,114,032.41 year-on-year[5] - Operating revenue slightly increased by 0.47% to CNY 236,391,190.90 compared to the same period last year[5] - Basic earnings per share rose by 23.53% to CNY 0.21[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 28,483,359.56, an increase of 15.18% year-on-year[5] - Operating profit for Q1 2020 was CNY 35,899,227.67, representing an increase of 25.5% from CNY 28,547,902.14 in Q1 2019[26] - Net profit for the period reached CNY 38,066,301.66, up from CNY 28,835,949.15 in the previous year, indicating a growth of 32.5%[26] - The total comprehensive income for Q1 2020 was approximately ¥32.95 million, an increase of 32.5% from ¥24.78 million in Q1 2019[28] Assets and Liabilities - Total assets decreased by 4.88% to CNY 1,617,605,842.08 compared to the end of the previous year[5] - Total assets as of March 31, 2020, were CNY 1,595,556,312.75, a decrease from CNY 1,676,972,915.27 at the end of Q1 2019[24] - Total liabilities decreased to CNY 330,259,988.73 from CNY 446,376,061.50, primarily due to a reduction in accounts payable[19] - Total liabilities decreased to CNY 317,203,325.75 from CNY 431,409,378.27, reflecting a reduction of approximately 26.4%[24] - Total liabilities amounted to ¥454,522,451.83, with current liabilities at ¥446,376,061.50 and non-current liabilities at ¥8,146,390.33[39] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 178,861,028.17, compared to a net outflow of CNY 137,638,326.51 in the previous year[5] - Net cash flow from operating activities was negative at ¥-178,861,028.17, worsening from ¥-137,638,326.51 in the previous year, due to seasonal cash collection and increased cash payments for raw materials[14] - The total cash outflow from operating activities was 338,495,463.96 RMB, compared to 287,602,654.93 RMB in the previous year, reflecting an increase of approximately 17.7%[35] - The company reported a cash flow net increase of -284,254,308.20 RMB, contrasting with an increase of 77,636,693.04 RMB in the previous year[35] - Cash inflow from financing activities amounted to 612,562,698.00 RMB, while cash outflow was 21,938,721.83 RMB, resulting in a net cash flow of 590,623,976.17 RMB[36] Shareholder Information - The number of shareholders reached 8,160 at the end of the reporting period[10] - The top shareholder, Zhang Shihao, holds 19.80% of the shares, totaling 30,948,967 shares[10] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,656,534.20, which are closely related to its normal business operations[7] - Other income increased by 999.11% to ¥3,167,073.99 from ¥288,148.01, mainly due to increased government subsidies received[13] Research and Development - Research and development expenses rose by 29.51% to ¥8,637,097.54 from ¥6,669,314.56, attributed to an increase in R&D personnel[13] - Research and development expenses rose to approximately ¥7.79 million in Q1 2020, up 25.7% from ¥6.20 million in Q1 2019[31] Investment and Financial Assets - Trading financial assets increased by 30.29% to ¥456,000,060.00 from ¥350,000,000.00, primarily due to an increase in investment financial products[12] - Investment income surged by 1419.25% to ¥2,461,803.33 from ¥162,040.72, mainly due to increased financial investment returns[13] Inventory and Receivables - Accounts receivable notes decreased by 77.78% to ¥9,278,168.52 from ¥41,747,076.05, mainly due to the maturity of bank acceptance bills during the reporting period[12] - Accounts receivable rose to CNY 439,360,070.49, up from CNY 338,252,292.94, indicating an increase of 29.9%[23] - Inventory increased to CNY 294,133,729.43 from CNY 270,603,148.96, reflecting a growth of 8.7%[23]

Financial Performance - The total net profit attributable to shareholders for 2019 was 212,296,685.71 RMB[5]. - The net profit attributable to shareholders reached CNY 212,296,685.71, an increase of 54.72% compared to the previous year, primarily driven by the rapid development of the smart water meter business[23]. - The company achieved total operating revenue of CNY 1,371,124,665.82 in 2019, representing a year-on-year growth of 33.21%[21]. - The net cash flow from operating activities was CNY 139,720,756.72, up 36.79% year-on-year, attributed to increased cash receipts from sales of goods and services[23]. - The company's total assets at the end of 2019 were CNY 1,700,511,780.22, a 106.23% increase from the previous year[22]. - The net assets attributable to shareholders increased by 143.52% to CNY 1,244,167,921.79 by the end of 2019, mainly due to funds raised from the IPO and rapid business growth[23]. - Basic earnings per share for 2019 were CNY 1.39, reflecting an 18.80% increase from CNY 1.17 in 2018[22]. - The weighted average return on equity decreased to 18.96%, down 11.07 percentage points from 30.03% in 2018[22]. Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 46,902,000 RMB, which represents 22.09% of the net profit attributable to shareholders for 2019[5]. - The cash dividend ratio for 2019 was 22.09%, with a total of 46,902,000.00 RMB in cash dividends distributed[133]. - The company aims to distribute at least 20% of the annual distributable profit as cash dividends if there are no major capital expenditures planned in the next 12 months[130]. - The company’s profit distribution policy emphasizes consistency and stability while balancing long-term interests and sustainable development[129]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits, as it is focusing on reinvestment[135]. Market and Business Strategy - The company is focused on expanding its market presence and developing new technologies in the water meter industry[11]. - The company plans to continue expanding its smart water meter business and explore new market opportunities in the coming years[23]. - The company is actively pursuing research and development in smart and IoT water meter technologies[11]. - The company is committed to enhancing operational efficiency and reducing costs through smart water management solutions[11]. - The company is positioned as a pioneer in the smart water meter sector, having led the industry in setting standards and establishing testing laboratories for NB-IoT terminal products[48]. Research and Development - The company invested 41,960,200 CNY in R&D, a year-on-year increase of 32.73%, and applied for 9 invention patents and 15 utility model patents[63]. - The company is committed to continuous innovation and has set up a technology pre-research department to explore emerging industry topics for future breakthroughs in smart water management[54]. - The company is focusing on the development of next-generation smart water meter products and advanced water parameter measurement sensor technology, expanding its R&D scope and application scale[115]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[7]. - The company faces risks related to macroeconomic fluctuations, which could impact product demand, and is implementing strategies to mitigate these risks[123]. - The company is also addressing potential risks from raw material price fluctuations and currency exchange rate changes through improved procurement strategies and contract management[125]. - The impact of the COVID-19 pandemic is being monitored, with the company taking measures to manage risks while ensuring continued operations in the essential water meter industry[126]. Corporate Governance - The company has established measures to ensure compliance with regulatory requirements and protect shareholder rights[155]. - The company has made commitments to avoid conflicts of interest and ensure that its executives do not engage in activities that could harm the company's interests[154]. - The company has maintained transparent information disclosure practices to protect shareholder rights and enhance corporate governance[181]. - The company actively engages with shareholders through various investor relations activities to provide comprehensive insights into its operations[181]. Shareholder Information - The company reported a stock lock-up period of 36 months for shareholders, during which they cannot transfer or manage their shares[140]. - The largest shareholder, Zhang Shihua, holds 30,948,967 shares, representing 19.80% of total shares[197]. - The total number of ordinary shareholders increased from 8,160 to 13,917 during the reporting period[195]. - The top ten shareholders hold a combined total of 79,000,000 shares, accounting for 50.53% of total shares[197]. Social Responsibility - The company signed a partnership agreement with Ceheng County, Guizhou Province, to assist in poverty alleviation efforts, continuing its commitment to social responsibility[177]. - In the reporting period, the company invested a total of 10 million RMB in social poverty alleviation initiatives, specifically through the East-West poverty alleviation collaboration[179]. - The company has established a charity fund in Ningbo Jiangbei District to support various charitable activities, including education and medical assistance[183]. - The company will continue to fulfill its poverty alleviation commitments and respond to other calls for precise poverty alleviation in more regions[180]. Production and Operations - The company has a full production capacity with a flexible production process that meets customer demands, resulting in high gross margins[37]. - The production volume of smart water meters reached 3,284,063 units, a year-on-year increase of 59.01%[78]. - The company plans to increase production capacity by upgrading existing production layouts and introducing automated equipment, with a target of producing 405,000 smart water meters annually starting in 2020[116]. Contracts and Partnerships - The company signed a procurement contract with Beijing Water Group for the supply and installation of remote water meters, totaling CNY 36,816,032[173]. - The company entered into a government procurement contract with Qitaihe Water Supply Company for NB-IoT wireless water meters, with a total contract value of CNY 54,640,200[174]. - The company was awarded a contract for the NB-IoT water meter procurement project from Tianjin Binwei Company, with a bid amount of CNY 55,594,000[176].

证券代码：603700 证券简称：宁波水表 公告编号：2019-046 宁波水表股份有限公司 关于接待投资者调研活动的公告 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个别及连带责任。 宁波水表股份有限公司（以下简称"公司"）于 2019 年 11 月 20 日接待了 宝荟投资、平安银行、个人投资者等一行来公司调研，具体情况详见公司于同日 披露于上海证券交易所（www.sse.com.cn）的《宁波水表投资者关系活动记录表》 （编号：2019-004） 特此公告。 宁波水表股份有限公司 董 事 会 2019 年 11 月 22 日 ...

证券代码：603700 证券简称：宁波水表 宁波水表投资者关系活动记录表 编号：2019-004 | --- | --- | --- | |-------------------------|-------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------| | 投资者关系活 \n动类别 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 \n█现场参观 □电话通讯 \n□其他 | □路演活动 \n（请文字说明其他活动内容） | | | 宝荟投资：许乐泉、吴佳一 | | | 参与单位名称 及人员姓名 | 平安银行：高贵娟、赵晨含 | 个人投资者：钱军、宋志超、许家闰、陈剑峰、邵宏图、阙清 华、郭竞雄、徐波、陈宇雅、吕新民、熊学军 | | 时间 | 2019 年 ...

证券代码：603700 证券简称：宁波水表 公告编号：2019-044 宁波水表股份有限公司 关于接待投资者调研活动的公告 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个别及连带责任。 宁波水表股份有限公司（以下简称"公司"）于 2019 年 11 月 5 日接待了国 盛证券、利添资本、信本资产、中信建投期货、个人投资者、媒体等一行来公司 调研，具体情况详见公司于同日披露于上海证券交易所（www.sse.com.cn）的《宁 波水表投资者关系活动记录表》（编号：2019-003） 特此公告。 宁波水表股份有限公司 董 事 会 2019 年 11 月 8 日 ...

证券代码：603700 证券简称：宁波水表 宁波水表投资者关系活动记录表 编号：2019-003 | --- | --- | --- | |-------------------------|----------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 | □路演活动 | | 动类别 | █现场参观 □电话通讯 | | | | □其他 | （请文字说明其他活动内容） 国盛证券：罗政、吴蝶、徐薇、张志锭、刘酉雄、殷勤、江波、 | | 参与单位名称 及人员姓名 | 余宁、韩燕燕、鲁涛 利添资本：魏威 信本资产：郑尚余、金磊 中信建投期货：赵晓飞 宁波电台：信风 | 个人投资者：王 ...

Financial Performance - Operating revenue for the first nine months reached CNY 913,441,907.07, a 26.21% increase year-on-year[5] - Net profit attributable to shareholders increased by 30.80% to CNY 134,465,649.21 for the first nine months[5] - Total operating revenue for Q3 2019 was ¥358,942,627.58, an increase of 25% compared to ¥287,235,063.16 in Q3 2018[29] - Net profit for Q3 2019 reached ¥54,189,891.07, representing a 27.5% increase from ¥42,532,715.55 in Q3 2018[30] - The company’s total profit for the first three quarters of 2019 was ¥155,191,563.54, compared to ¥119,968,849.73 in the same period of 2018, reflecting a 29.4% growth[30] Assets and Liabilities - Total assets increased by 83.79% to CNY 1,515,470,009.74 compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 128.16% to CNY 1,165,693,985.93 compared to the end of the previous year[5] - Total liabilities increased to ¥348,255,429.83 from ¥311,669,239.72, reflecting a growth of approximately 11.7%[22] - Current liabilities rose to ¥339,750,183.30 from ¥303,691,077.25, an increase of about 11.9%[22] - The company reported a significant increase in deferred tax assets by 63.53% to CNY 6,420,014.77, due to increased accounts receivable and temporary differences[14] Cash Flow - Net cash flow from operating activities was negative at CNY -165,909,905.01 for the first nine months[5] - Net cash flow from investing activities was negative at CNY -355,269,599.43, reflecting increased investments in financial products[17] - The company reported a net cash outflow from operating activities of ¥165.91 million for the first three quarters of 2019, compared to a net outflow of ¥36.25 million in the same period of 2018[39] - Cash flow from investing activities showed a net outflow of ¥355.27 million in the first three quarters of 2019, compared to a net outflow of ¥13.66 million in the same period of 2018[39] - The total cash inflow from operating activities for the first nine months of 2019 was ¥717,063,899.14, an increase from ¥651,520,963.40 in the previous year, representing a growth of approximately 10.04%[41] Shareholder Information - The total number of shareholders reached 15,679 by the end of the reporting period[10] - The top shareholder, Zhang Shihau, holds 19.80% of the shares with 30,948,967 shares[10] Expenses and Investments - Sales expenses increased by 47.66% to CNY 97,019,929.56, attributed to higher personnel costs and increased after-sales service expenses related to smart water meter business growth[15] - Research and development expenses for Q3 2019 amounted to ¥12,427,149.68, a 47.5% increase from ¥8,410,201.04 in Q3 2018[29] - Investment income rose dramatically by 4560.75% to CNY 6,293,491.50, resulting from returns on financial products purchased with idle funds[16] - The company received government subsidies amounting to CNY 7,739,539.17 during the first nine months[7] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]

证券代码：603700 证券简称：宁波水表 宁波水表投资者关系活动记录表 编号：2019-002 | --- | --- | --- | |-------------------------|-----------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------| | | | | | | █特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 | □路演活动 | | 动类别 | █现场参观 □电话通讯 | | | | □其他 | （请文字说明其他活动内容） | | | 天风证券：何文雯 | | | 参与单位名称 及人员姓名 | 华创证券：宝玥娇 光大证券：叶周岳 方正证券：张小郭 华西证券：宋辉、柳珏廷 彤源 ...

证券代码：603700 证券简称：宁波水表 宁波水表投资者关系活动记录表 编号：2019-001 | --- | --- | --- | |-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 | □路演活动 | | 动类别 | █现场参观 □电话通讯 | | | | □其他 | （请文字说明其他活动内容） | | | 徐年浩 | 中信建投证券股份有限 ...