Core Viewpoint - Zhongchi Holdings (603903.SH) reported a year-on-year increase in revenue and a significant turnaround in net profit for the first three quarters of 2025 [1] Financial Performance - The company achieved total operating revenue of 662 million yuan, representing a year-on-year growth of 2.15% [1] - The net profit attributable to shareholders was 47.6 million yuan, compared to a loss of 2.31 million yuan in the same period last year [1] - Basic earnings per share were reported at 0.19 yuan [1]

Core Insights - Zhongzhi Holdings, established on December 31, 2009, focuses on wastewater treatment and has a competitive edge in technology and services [1] Business Performance - For Q3 2025, Zhongzhi Holdings reported revenue of 662 million yuan, ranking 30th out of 51 in the industry, significantly lower than the top competitor, Shougang Environmental, which had 13.453 billion yuan [2] - The company's net profit for the same period was 43.746 million yuan, placing it 31st in the industry, again far behind Shougang Environmental's 1.908 billion yuan [2] - The main business composition includes operational services at 268 million yuan (65.22%), construction projects at 102 million yuan (24.78%), and technical product sales and services at 41.122 million yuan (10.00%) [2] Financial Ratios - As of Q3 2025, Zhongzhi Holdings had a debt-to-asset ratio of 60.69%, which, although improved from 62.54% year-on-year, remains above the industry average of 49.82% [3] - The gross profit margin was reported at 31.70%, an increase from 30.73% year-on-year, but still below the industry average of 32.13% [3] Executive Compensation - Chairman Zhang Yifei's salary for 2024 is 1.636 million yuan, a decrease of 243,700 yuan from 2023 [4] - General Manager Gao Zhiyong's salary for 2024 is 1.164 million yuan, down by 306,300 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.89% to 13,000, while the average number of circulating A-shares held per account increased by 14.79% to 19,700 [5]

证券代码：603903 证券简称：中持股份 公告编号：2025-044 中持水务股份有限公司 关于为全资子公司提供融资担保的公告 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： 担保对象及基本情况 | | | 被担保人名称 本次担保金额 | 1,800.00 | 中持（江苏）环境建设有限公司 万元 | | | --- | --- | --- | --- | --- | --- | | 担 象 | 保 对 | | | | | | | | 实际为其提供的担保余额 | 8,167.10 | | 万元（不含本次） | | | | 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：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） 0 | | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 110,510.36（含本次） | | 对外担保总额占上市公司最近一 ...

证券代码:603903 证券简称:中持股份 公告编号:2025-042 重要内容提示： 拟续聘的会计师事务所名称：立信会计师事务所（特殊普通合伙） 一、拟续聘会计师事务所的基本信息 （一）机构信息 1、基本信息 立信会计师事务所（特殊普通合伙）（以下简称"立信"）由我国会计泰斗 潘序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制 的特殊普通合伙制会计师事务所，注册地址为上海市。立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具有证券、期货业务许可证， 具有 H 股审计资格，并已向美国公众公司会计监督委员会（PCAOB）注册登记。 2、人员信息 中持水务股份有限公司 关于续聘会计师事务所的公告 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。 截至 2024 年末，立信拥有合伙人 296 名、注册会计师 2,498 名、从业人员 总数 10,021 名，签署过证券服务业务审计报告的注册会计师 743 名。 3、业务规模 立信 2024 年业务收入（经审计）47. ...

证券代码：603903 证券简称：中持股份 公告编号：2025-043 中持水务股份有限公司 关于召开2025年第三次临时股东大会的通知 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： (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 17 日 9 点 30 分 召开地点：北京市海淀区西小口路 66 号 B2 号楼 4 层 C402 室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第三次临时股东大会 (二) 股东大会召集人：董事会 网络投票起止时间：自2025 年 11 月 17 日 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运作 ...

证券代码:603903 证券简称:中持股份 公告编号:2025-041 中持水务股份有限公司 第四届监事会第五次会议决议公告 本公司监事会及全体监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。 一、 监事会会议召开情况 中持水务股份有限公司（以下简称"公司"）第四届监事会第五次会议于 2025 年 10 月 24 日以邮件方式发出会议通知，所有会议议案资料均在本次会议 召开前提交全体监事。2025 年 10 月 30 日上午 11 时以通讯方式召开。会议应到 监事 3 名，实到监事 3 名。会议由监事会主席赵飞先生主持，会议的召开符合《中 华人民共和国公司法》和《中持水务股份有限公司章程》等有关法律、行政法规、 部门规章、规范性文件的规定。 二、监事会会议审议情况 1、审议通过《公司 2025 年第三季度报告》 表决结果：3 票同意，0 票反对，0 票弃权 2、审议通过《关于聘任 2025 年度审计机构的议案》 2025 年 10 月 30 日 监事会对立信会计师事务所（特殊普通合伙）的执业情况进行了充分的了解， 在查阅了立信会计师事务所（ ...

Financial Performance - The company's operating revenue for the third quarter reached ¥250,413,670.56, representing a year-on-year increase of 30.10%[4] - The total profit for the period was ¥40,426,547.89, while the net profit attributable to shareholders was ¥37,592,835.95[4] - The basic earnings per share for the quarter was ¥0.15, unchanged from the previous period[4] - The net profit for the first three quarters of 2025 is CNY 43,746,733.78, a significant recovery from a net loss of CNY 9,848,210.69 in the same period of 2024, indicating a turnaround in performance[20] - Operating profit for the first three quarters of 2025 is CNY 48,653,794.88, compared to an operating loss of CNY 19,226,905.78 in the previous year, reflecting improved operational efficiency[20] - The total profit for the first three quarters of 2025 is CNY 48,050,335.87, compared to a total loss of CNY -18,907,897.85 in the same period of 2024, indicating a significant improvement[20] - The basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.19, a recovery from a loss of CNY -0.01 per share in the same period of 2024[21] Assets and Liabilities - Total assets decreased by 8.77% compared to the end of the previous year, amounting to ¥4,225,908,782.17[5] - Current assets totaled ¥2,100,970,541.70 as of September 30, 2025, compared to ¥2,468,570,533.57 at the end of the previous period, reflecting a decrease of approximately 14.9%[14] - Non-current assets amounted to ¥2,124,938,240.47, down from ¥2,163,379,445.56, indicating a decline of about 1.8%[15] - Total assets decreased to ¥4,225,908,782.17 from ¥4,631,949,979.13, representing a reduction of approximately 8.8%[16] - Total liabilities were reported at ¥2,564,572,740.76, down from ¥3,014,098,063.50, reflecting a decrease of about 15%[16] - Shareholders' equity totaled ¥1,661,336,041.41, slightly up from ¥1,617,851,915.63, indicating an increase of approximately 2.7%[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥1,266,057.18, indicating a significant cash outflow[4] - The company reported a net cash outflow from operating activities of CNY -1,266,057.18 for the first three quarters of 2025, compared to a larger outflow of CNY -101,479,328.92 in the same period of 2024[24] - Cash and cash equivalents at the end of the third quarter of 2025 stand at CNY 227,877,982.94, down from CNY 432,872,902.24 at the end of the same period in 2024, indicating a decrease of approximately 47.4%[25] Operating Costs and Expenses - Total operating costs decreased to ¥627,988,089.59 in the first three quarters of 2025, down from ¥669,647,614.70 in 2024, indicating a reduction of about 6.2%[19] - Operating costs included ¥451,930,638.74 for the first three quarters of 2025, slightly up from ¥448,717,728.60 in 2024, showing a marginal increase of 0.5%[19] - The company incurred financial expenses of CNY 50,816,862.11 in the first three quarters of 2025, a decrease from CNY 59,117,403.59 in the same period of 2024, representing a reduction of approximately 14.5%[20] - Research and development expenses for the first three quarters of 2025 are CNY 22,099,669.22, down from CNY 35,220,031.72 in the same period of 2024, reflecting a reduction of about 37.2%[20] Shareholder Information - The company’s equity attributable to shareholders increased by 3.12% year-on-year, totaling ¥1,563,402,541.72[5] - The top shareholder, Changjiang Ecological Environmental Group Co., Ltd., holds 24.73% of the shares[11] Other Information - Non-operating income for the quarter included government subsidies amounting to ¥1,178,087.95[7] - The weighted average return on equity for the quarter was 2.44%[5] - The company reported a decrease in accounts receivable credit impairment losses, contributing to improved profitability[9] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[19] - The company has not applied new accounting standards or interpretations for the first time in 2025, indicating continuity in accounting practices[26]

表决结果：9 票同意，0 票反对，0 票弃权 证券代码:603903 证券简称:中持股份 公告编号:2025-040 中持水务股份有限公司 第四届董事会第六次会议决议公告 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。 一、董事会会议召开情况 中持水务股份有限公司（以下简称"公司"）第四届董事会第六次会议于 2025 年 10 月 24 日以邮件方式发出会议通知，所有会议议案资料均在本次会议召开前 提交全体董事。会议于 2025 年 10 月 30 日上午 9:30 以通讯方式召开。会议应到 董事 9 名，出席董事 9 名，会议由公司董事长张翼飞先生主持，公司监事和高级 管理人员列席会议。会议的召开符合《中华人民共和国公司法》等法律、行政法 规、部门规章、规范性文件和《中持水务股份有限公司章程》的规定。 二、董事会会议审议情况 1、审议通过《公司 2025 年第三季度报告》 本议案已经审计委员会审议通过。 表决结果：9 票同意，0 票反对，0 票弃权 2、审议通过《关于聘任 2025 年度审计机构的议案》 董事会对立信会 ...

Core Insights - Chengdu Environmental Group has officially opened its first comprehensive industrial park, the Low-Carbon Environmental Technology Park, marking a significant step in promoting green and low-carbon industry development in Jintang County [1][2] - The park represents a total investment of 350 million yuan, focusing on advanced fields such as environmental equipment manufacturing, resource recycling, and environmental technology services [1] - The goal is to achieve zero-carbon park standards by 2027, establishing a leading low-carbon industrial cluster in China [1] Group 1 - The opening ceremony of the Low-Carbon Environmental Technology Park was themed "Building a Green Low-Carbon Industrial New High Ground" and attracted nearly a hundred representatives from various sectors [1] - The park is a key carrier for implementing the municipal government's "Building Parks and Full Parks" initiative and serves as an important engine for Jintang County's green low-carbon development [1][2] Group 2 - During the event, Chengdu Environmental Group signed partnership agreements with eight entities, including the Sichuan Environmental Protection Industry Association, focusing on ecological cooperation [2] - Jintang County's economic development zone has achieved notable results in the green low-carbon industry, leveraging opportunities from the new round of western development and high-quality urban development [2] - The development zone has been recognized as a national green park and a pilot zero-carbon industrial park, showcasing its commitment to sustainable practices [2]

Group 1 - The stock of Zhongzhi Holdings (603903) experienced a limit down today, with a turnover rate of 16.95% and a trading volume of 668 million yuan, showing a volatility of 22.22% [1][2] - The stock was listed on the Shanghai Stock Exchange due to a daily volatility value of 22.22% and a daily decline deviation of -11.18%, with a net sell-off of 31.92 million yuan from brokerage seats [2] - The main funds saw a net outflow of 56.25 million yuan today, with large orders contributing to a net outflow of 46.52 million yuan and a net outflow of 9.73 million yuan from big orders [2] Group 2 - In the first half of the year, Zhongzhi Holdings reported a revenue of 411 million yuan, a year-on-year decrease of 9.67%, while net profit reached 10.00 million yuan, reflecting a year-on-year increase of 24.51% [2] - The top buying brokerage was Zhongtai Securities with a purchase amount of 25.14 million yuan, while the top selling brokerage was Zheshang Securities with a selling amount of 39.95 million yuan [2] - The five largest buying and selling brokerages accounted for a total transaction amount of 161 million yuan, with buying transactions amounting to 64.33 million yuan and selling transactions amounting to 96.25 million yuan [2]