Core Viewpoint - Shanghai Weipai Ge Smart Water Co., Ltd. (hereinafter referred to as "the company") has announced its decision to absorb and merge its wholly-owned subsidiary, Shanghai Weiao Automation Technology Co., Ltd. (hereinafter referred to as "Weiao"), as part of its strategic development needs to optimize organizational structure and reduce management costs [16][17]. Financial Data - The third-quarter financial report for 2025 has been approved by the company's board of directors, confirming the accuracy and completeness of the financial information [10][30]. - The financial statements for the third quarter of 2025 are unaudited [3][4]. Shareholder Information - The company has confirmed that the merger does not constitute a related party transaction or a major asset restructuring as defined by the regulations [17][20]. - The decision to merge was made without the need for shareholder meeting approval, as it falls within the board's authority [17][23]. Merger Details - The merger will result in the cancellation of Weiao's independent legal status, with all assets, debts, and obligations being inherited by the company [16][19]. - The merger is expected to enhance resource allocation, streamline operations, and improve management efficiency, aligning with the company's development strategy [20]. Board Meeting - The fourth board meeting of the company was held on October 24, 2025, where the merger proposal was unanimously approved by all attending directors [9][10]. - The meeting was conducted in accordance with legal and regulatory requirements, ensuring the validity of the resolutions passed [9]. Management Changes - The company announced the resignation of director Chen Ping due to work adjustments, effective immediately upon delivery of the resignation notice [30][32]. - Wang Shizhuang has been elected as the employee representative director, with a term lasting until the current board's term ends [32][33].

Core Points - The company Weipai Ge (603956) announced the convening of its third employee representative assembly on October 24, 2025, where employee representatives approved the election of Mr. Wang Shizhuang as the employee director of the fourth board of directors [1] Summary by Category - **Company Announcement** - Weipai Ge held its third employee representative assembly on October 24, 2025 [1] - The assembly resulted in the election of Mr. Wang Shizhuang as the employee director for the fourth board of directors [1]

Group 1 - The company reported a revenue of 591 million yuan for the first three quarters of 2025, representing a year-on-year decline of 21.47% [1] - The net profit attributable to the parent company was a loss of 73.66 million yuan [1] - The non-recurring net profit was a loss of 83.01 million yuan, with a basic earnings per share of -0.14 yuan [1]

Group 1 - The core viewpoint of the news is that Weipai Ge (SH 603956) reported a significant decline in its third-quarter performance for 2023, with revenue dropping by 21.47% year-on-year to approximately 591 million yuan, and a net loss attributable to shareholders of about 73.66 million yuan, resulting in a basic loss per share of 0.14 yuan [1] - As of the report date, Weipai Ge's market capitalization stands at 3.7 billion yuan [2]

证券代码：603956 证券简称：威派格 公告编号：2025-084 上海威派格智慧水务股份有限公司 关于吸收合并全资子公司的公告 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： ●上海威派格智慧水务股份有限公司（以下简称"威派格"或"公司"）拟吸收合并 公司全资子公司上海威傲自动化技术有限公司（以下简称"威傲"）。本次吸收合并完成 后，威傲的法人资格将被注销，其全部资产、债权、债务、人员及其他一切权利与义务 由公司承继。 ●本事项已经公司第四届董事会第八次会议审议通过，无需提交公司股东会审议。 ●本次合并不构成关联交易，也不构成《上市公司重大资产重组管理办法》规定的 重大资产重组。本次吸收合并不会对公司财务状况和经营成果产生实质性影响，不存在 损害公司及全体股东利益的情况 一、吸收合并情况概述 根据公司战略发展需要，为整合公司资源，优化组织架构，降低管理成本，威派格 拟吸收合并全资子公司威傲。吸收合并完成后，威傲的独立法人资格将被注销，其全部 资产、债权、债务、人员及其他一切权利与义务由公司承继。该事项已经公 ...

上海威派格智慧水务股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召开 第四次董事会第八次会议，会议审议通过了《关于公司吸收合并全资子公司的议案》。根 据公司战略发展需要，为整合公司资源，优化组织架构，降低管理成本，公司拟吸收合 并全资子公司上海威傲自动化技术有限公司（以下简称"威傲"）。吸收合并完成后，威 傲的独立法人资格将被注销，其全部资产、债权、债务、人员及其他一切权利与义务由 公司承继。威傲不单独进行清算。具体内容详见公司 2025 年 10 月 25 日在上海证券交易 所网站（http://www.sse.com.cn）披露的《威派格关于吸收合并全资子公司的公告》。 本次吸收合并事项不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 本次事项在董事会审批权限范围内，无需提交公司股东会审议。董事会授权公司经营管 理层负责办理吸收合并的相关事宜。 证券代码：603956 证券简称：威派格 公告编号：2025-085 上海威派格智慧水务股份有限公司 关于吸收合并事项通知债权人的公告 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 ...

证券代码：603956 证券简称：威派格 公告编号：2025-086 上海威派格智慧水务股份有限公司 关于公司董事离任暨选举职工代表董事的公告 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： 上海威派格智慧水务股份有限公司（简称"公司"）董事会于近 日收到公司董事陈平先生的书面辞职报告。陈平先生因工作调整申请 辞去公司董事职务，辞职报告自送达董事会之日起生效。辞去上述职 务后，陈平先生仍担任公司副总经理、财务总监等职务。 经公司 2025 年第三次职工代表大会决定，选举王式状先生为第 四届董事会职工董事，任期自公司职工代表大会选举之日起至本届董 事会任期届满之日止。 一、董事离任情况 平先生的辞职申请自送达董事会之日起生效。陈平先生在担任公司非 独立董事期间，始终恪尽职守、勤勉尽责，公司董事会对其为公司发 展所做出的贡献表示衷心的感谢！ 二、职工代表董事选举情况 根据《公司法》《公司章程》等有关规定，公司于 2025 年 10 月 24 日召开了 2025 年第三次职工代表大会，经与会职工代表审议，同 意选举王 ...

证券代码：603956 证券简称：威派格 公告编号：2025-083 上海威派格智慧水务股份有限公司 第四届董事会第八次会议决议公告 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法律责任。 一、董事会会议召开情况 上海威派格智慧水务股份有限公司（以下简称"威派格"或"公司"）第四 届董事会第八次会议于 2025 年 10 月 24 日以现场结合通讯方式召开，会议通知 及相关资料于 2025 年 10 月 14 日通过电子邮件的方式发出。本次董事会应参加 会议表决的董事 9 人，实际参加表决的董事 9 人。会议由公司董事长李纪玺先生 主持。会议的召集和召开程序符合《公司法》等法律法规和《公司章程》的有关 规定，会议形成的决议合法、有效。 二、董事会审议情况 表决结果：同意票 9 票，反对票 0 票，弃权票 0 票。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及指定信 息披露媒体上发布的《威派格 2025 年第三季度报告》。 上述事项已经公司董事会审计委员会审议通过。 （二）审议通过《公司关于吸收合并全资子公 ...

Group 1 - The core point of the article is that Weipage (SH 603956) announced a board meeting to discuss the proposal for the absorption and merger of its wholly-owned subsidiary [1] - Weipage's revenue composition for the year 2024 is as follows: 73.5% from water resource specialized equipment manufacturing, 17.21% from water and irrigation industry software and solutions, 9.09% from other businesses, and 0.19% from miscellaneous [1] - As of the report, Weipage's market capitalization is 3.7 billion yuan [1] Group 2 - The article also highlights that Chinese innovative drugs have generated $80 billion in overseas licensing this year, indicating a hot secondary market in biomedicine, while the primary market is facing fundraising challenges [1]

Financial Performance - The company's operating revenue for the third quarter was ¥259,265,934.80, a decrease of 12.25% compared to the same period last year[4] - The total profit for the third quarter was ¥1,872,251.03, while the net profit attributable to shareholders was ¥6,404,444.78, indicating a significant loss compared to the previous year[4] - Year-to-date operating revenue reached ¥590,753,863.99, down 21.47% year-on-year, with a net profit attributable to shareholders of -¥73,661,796.06[4] - Total operating revenue for the first three quarters of 2025 was CNY 590.75 million, a decrease of 21.5% compared to CNY 752.22 million in the same period of 2024[18] - Total operating costs decreased to CNY 749.24 million, down 18.5% from CNY 919.40 million year-over-year[18] - Net loss for the first three quarters of 2025 was CNY 81.90 million, an improvement from a net loss of CNY 158.36 million in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was CNY -88.69 million, compared to CNY -203.29 million in the same period of 2024[18] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.14, an improvement from CNY -0.32 in the same period of 2024[20] - The company reported a significant reduction in employee compensation payable, which decreased to CNY 12,284,072.02 from CNY 88,664,481.97[15] - The company’s total comprehensive loss for the first three quarters of 2025 was CNY -82.43 million, compared to CNY -158.36 million in the same period of 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities for the third quarter was ¥37,370,173.02, showing improvement compared to -¥40,245,136.82 for the year-to-date[5] - Operating cash inflow for the first three quarters of 2025 was CNY 878,947,236.10, an increase of 4.8% compared to CNY 838,569,452.87 in the same period of 2024[21] - Net cash outflow from operating activities improved to CNY -40,245,136.82 in 2025 from CNY -378,724,304.34 in 2024, indicating a significant reduction in losses[21] - Cash inflow from investment activities totaled CNY 226,833,657.01, up from CNY 153,916,131.62 in 2024, reflecting a 47.4% increase[22] - Net cash outflow from investment activities decreased to CNY -44,737,382.98 in 2025 from CNY -221,213,153.35 in 2024, showing improved investment efficiency[22] - Cash inflow from financing activities was CNY 314,455,686.00, down from CNY 712,172,499.40 in 2024, indicating a reduction in borrowing[22] - Net cash outflow from financing activities was CNY -71,495,300.01 in 2025, compared to a net inflow of CNY 333,224,437.03 in 2024, reflecting a shift in financing strategy[22] - The ending cash and cash equivalents balance for the first three quarters of 2025 was CNY 329,161,012.36, down from CNY 386,923,501.03 in 2024[22] - The company received CNY 25,787,105.79 in tax refunds, significantly higher than CNY 1,042,814.36 in the previous year, indicating improved tax recovery[21] - Cash paid for purchasing goods and services decreased to CNY 287,724,243.93 from CNY 445,748,929.65, reflecting cost control measures[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,154,274,076.28, a decrease of 4.18% from the end of the previous year[5] - The company's current assets totaled CNY 1,833,178,632.69, down from CNY 1,916,773,328.66 in the previous year[14] - Cash and cash equivalents were reported at CNY 334,281,739.98, compared to CNY 508,146,235.56 at the end of 2024, indicating a significant decrease[14] - Accounts receivable stood at CNY 927,170,225.06, slightly down from CNY 952,385,378.14 in the previous period[14] - The company's total liabilities were CNY 1,087,572,315.36, a slight decrease from CNY 1,092,984,257.44[15] - Total liabilities amounted to CNY 1,141.80 million, compared to CNY 1,566.34 million in the previous year, indicating a reduction in financial obligations[16] - Total equity increased to CNY 2,012.47 million from CNY 1,725.52 million year-over-year, reflecting a stronger financial position[16] - The long-term equity investments decreased to CNY 143,584,530.99 from CNY 167,702,955.73[14] - The company's inventory increased to CNY 250,499,451.81 from CNY 198,374,866.55, reflecting a growth in stock levels[14] - The total non-current assets were reported at CNY 1,321,095,443.59, down from CNY 1,375,090,675.12[15] - Major shareholder Li Jixi holds 38.03% of the shares, with a portion pledged[11] - The company reported a total of 48,731 ordinary shareholders at the end of the reporting period[11] Earnings and Returns - The basic earnings per share for the third quarter was ¥0.01, compared to -¥0.14 for the same period last year[5] - The weighted average return on equity for the third quarter was 0.32%, an improvement from -3.86% year-to-date last year[5] - The company reported a credit impairment loss of CNY 55.49 million, compared to a loss of CNY -44.77 million in the same period of 2024[19] - Other income increased to CNY 14.21 million from CNY 10.18 million year-over-year, indicating improved ancillary revenue streams[18] Accounting and Reporting - The company did not apply new accounting standards for the year 2025, maintaining consistency in financial reporting[23]