Group 1 - The core point of the article is that the controlling shareholder of Weipai Ge, Mr. Li Jixi, has pledged 19 million shares of the company, which raises concerns about the financial stability and governance of the company [1] - As of the announcement date, Mr. Li Jixi holds approximately 217 million shares, representing 38.03% of the total share capital of Weipai Ge [1] - After this pledge, the total number of shares pledged by Mr. Li Jixi amounts to 80.08 million, which is 36.95% of his total holdings and 14.05% of the company's total share capital [1] Group 2 - The article also highlights a trend in the A-share market where several individuals born in the 2000s are taking on significant leadership roles, which poses a challenge to meet investor expectations [1]

证券代码：603956 证券简称：威派格 公告编号：2026-005 上海威派格智慧水务股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 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： 履行的审议程序：公司于2025年3月6日召开第四届董事会第三次临时会议， 审议通过了《公司关于使用部分暂时闲置募集资金进行现金管理的议案》，同意 公司在不影响募投项目资金使用进度安排及保证募集资金安全的前提下，使用总 额不超过人民币30,000.00万元的暂时闲置募集资金进行现金管理，适时购买安全 性高、流动性好、有保本约定的理财产品，包括但不限于银行理财产品、银行存 款类产品、结构性存款、券商理财产品、券商收益凭证、大额存单等，使用期限 自公司第四届董事会第三次临时会议审议通过之日起12个月。在上述使用期限及 额度范围内，资金可循环滚动使用，期满归还至公司募集资金专管账户。董事会 授权董事长在额度范围内行使该项投资决策权并签署相关合同文件，具体由公司 财务部负责组织实施。保荐机构中信建投证券股份有限公司（以下简 ...

证券代码：603956 证券简称：威派格 公告编号：2026-004 上海威派格智慧水务股份有限公司 关于控股股东部分股份质押的公告 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： 截至本公告披露日，上海威派格智慧水务股份有限公司（以下简称"公 司"）控股股东李纪玺先生持有公司股份 216,727,000 股，占公司总股本的 38.03%。 本次质押后，李纪玺先生持有上市公司股份累计质押数量为 80,080,000 股，占其 所持有公司股份总数的 36.95%，占公司总股本的 14.05%。 截至本公告披露日，上述股东及其一致行动人累计质押股份情况如下： 1 注：上海碧水云天企业咨询管理有限公司（简称"碧水云天"）系李纪玺先生与孙海玲 女士共同控制的企业。 李纪玺先生累计质押股份明细表： | 股东名称 | 质押数量（股） | 占其所持 股份比例 | 占公司总 股本比例 | 质押起始日 | 质押到期日 | 质权人 | 质押用途 | | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - The controlling shareholder, Li Jixi, has pledged 19 million shares of unrestricted circulating stock to Bohai International Trust Co., Ltd. for personal funding needs, representing 8.77% of his holdings and 3.33% of the company's total share capital [1] Summary by Relevant Sections - **Shareholding and Pledge Details** - Li Jixi holds 217 million shares in the company, accounting for 38.03% of the total share capital [1] - The total number of shares pledged by Li Jixi amounts to 80.08 million, which is 36.95% of his holdings and 14.05% of the company's total share capital [1] - **Pledge Financing Purpose** - The pledged shares are intended for personal funding needs, with the pledge starting on February 6, 2026 [1]

Core Viewpoint - The company, Weipage (603956), is forecasting a net loss of approximately 130.93 million yuan for the year 2025, although it expects to reduce its losses by about 90 million yuan compared to the previous year [1]. Financial Performance - In 2024, the company reported an operating revenue of 1.24 billion yuan, a year-on-year decrease of 12.51% [1]. - The net profit attributable to the parent company for 2024 was a loss of 21.2 million yuan, compared to a profit of 2.33 million yuan in the previous year [1]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 23.8 million yuan, compared to a loss of 1.1 million yuan in the previous year [1]. - The net cash flow from operating activities was -163 million yuan, down from 24.96 million yuan in the previous year [1]. Fundraising Activities - The total amount raised from the initial public offering (IPO) was approximately 242.80 million yuan, with a net amount of about 204.20 million yuan after expenses [2]. - The company planned to use the raised funds for upgrading its R&D technology center, marketing network system, and to supplement working capital [2]. - The total fundraising from the IPO expenses was 38.60 million yuan, with the lead underwriter, CITIC Securities, receiving approximately 27.25 million yuan [2]. - The company issued 4.2 million convertible bonds in November 2020, raising a total of 420 million yuan, with a net amount of approximately 416.54 million yuan after expenses [2]. - In 2021, the company conducted a non-public offering of 82.47 million shares at a price of 11.76 yuan per share, raising a total of approximately 969.90 million yuan, with a net amount of about 959.04 million yuan after expenses [3]. - The total amount raised from all three fundraising activities was approximately 1.633 billion yuan [4].

Core Viewpoint - The company, Shanghai Weipai Ge Smart Water Co., Ltd., anticipates a net loss for the year 2025, with projected figures indicating a significant reduction in losses compared to the previous year [2][3]. Performance Forecast - The company expects a net profit attributable to shareholders of approximately -130.93 million yuan for 2025, and a net profit of approximately -150.53 million yuan after deducting non-recurring gains and losses [2]. - This represents an improvement of about 90 million yuan compared to the previous year's loss [2]. Previous Year’s Performance - In the same period last year, the net profit attributable to shareholders was -211.95 million yuan, and the net profit after deducting non-recurring gains and losses was -238.25 million yuan [3][4]. Reasons for Expected Loss 1. The company continues to use the project acceptance method for revenue recognition, which has been affected by the macroeconomic environment and local fiscal timing, leading to delays in revenue recognition for TOG-type business projects. The company has approximately 1.254 billion yuan in hand orders, a year-on-year increase of 3%. The quality of new projects has improved significantly, with a gross margin increase of about 5 percentage points and a more than 20% increase in the proportion of contract prepayments [5]. 2. Revenue recognition is primarily concentrated in December, with over 500 million yuan recognized in a single month. Due to accounting prudence, the company has made full provisions for bad debts on certain receivables, resulting in an increase in credit impairment losses [5]. 3. The performance of some subsidiaries acquired earlier has declined due to market changes, leading to goodwill impairment provisions. The company has initiated a comprehensive organizational restructuring and cost reduction efforts to enhance operational efficiency [6]. Future Plans - The company has developed special measures focusing on project acceptance, receivables collection, and cost control, aiming to improve operational efficiency and achieve profitability [7].

Core Viewpoint - The company, Weipai Ge, expects to report a net profit attributable to shareholders of approximately -130.93 million yuan for the year 2025, indicating a reduction in losses compared to the previous year [1] Financial Performance - The projected net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be around -150.53 million yuan for 2025 [1] - This represents a reduction in losses of approximately 90 million yuan compared to the same period last year [1]

Core Viewpoint - The company, Weipai Ge (603956.SH), expects a net loss of approximately 131 million yuan for the fiscal year 2025, primarily due to delays in project acceptance and revenue recognition influenced by the macroeconomic environment and local fiscal schedules [1] Financial Performance - The company continues to use the project acceptance method for revenue recognition, but the overall progress of TOG business project acceptance has been delayed, resulting in lower-than-expected revenue recognition [1] - As of the end of the reporting period, the company has an order backlog of approximately 1.254 billion yuan (including tax), representing a year-on-year increase of 3% [1] Business Development - Despite longer conversion cycles for comprehensive projects like smart water management and smart water plants compared to traditional hardware businesses, the quality of new signed projects has significantly improved this year [1] - The gross profit margin for signed contracts has increased by approximately 5 percentage points, and the proportion of contract prepayments has risen by over 20%, indicating a shift towards higher-value sectors [1] Cash Flow and Financial Health - The company's net operating cash flow is approximately 66 million yuan, showing an improvement of about 230 million yuan year-on-year, indicating a stable overall operating capital situation [1]

Core Viewpoint - Weipai Ge (603956.SH) is expected to report a net profit attributable to shareholders of approximately -131 million yuan for the year 2025, indicating a reduction in losses compared to the previous year [1] Financial Performance - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is around -151 million yuan, which represents a reduction in losses of approximately 90 million yuan compared to the same period last year [1]

Financial Performance Expectations - The company expects a net profit attributable to shareholders of approximately -130.93 million yuan for the year 2025, and a net profit of approximately -150.53 million yuan after deducting non-recurring gains and losses, representing a reduction in losses of about 90 million yuan compared to the previous year [4]. - In the same period last year, the net profit attributable to shareholders was -211.95 million yuan, and the net profit after deducting non-recurring gains and losses was -238.25 million yuan [5]. - The expected performance data has not been audited by registered accountants and is based on preliminary calculations by the company's financial department [8]. - Investors are advised to note that the above forecast data is preliminary and the specific financial data will be disclosed in the official 2025 annual report [9]. Operational Improvements - The company has approximately 1.254 billion yuan in hand orders (including tax), a year-on-year increase of 3% [6]. - The gross profit margin of newly signed projects has improved by about 5 percentage points, indicating a shift towards higher value areas [6]. - The net operating cash flow is approximately 66 million yuan, an improvement of about 230 million yuan year-on-year [7]. - The company plans to establish a special collection team for long-aged accounts receivable in 2026 to enhance collection efforts, which is expected to positively impact future profits [7]. - The company has initiated a comprehensive organizational structure optimization and cost reduction work to improve operational efficiency and management foundation [7]. - The company has implemented special deployments around project acceptance, accounts receivable collection, and cost control to further enhance operational efficiency [7].