Core Insights - Bohai Water Industry Co., Ltd. reported a revenue of 1.135 billion yuan for the first three quarters of 2025, a decrease of 5.6% year-on-year [1] - The net profit attributable to shareholders for the same period was 13.2015 million yuan, an increase of 9.17% year-on-year [1] - In the third quarter of 2025, the company achieved a revenue of 296 million yuan, representing a year-on-year growth of 5.25% [1] - The net profit attributable to shareholders in the third quarter was -892,700 yuan [1]

Core Insights - The company reported a total operating revenue of 1.135 billion yuan for Q3 2025, with a net profit attributable to shareholders of 13.2015 million yuan, marking a year-on-year increase of 9.17% [1] - The company achieved a net cash inflow from operating activities of 26.2386 million yuan, reflecting a slight year-on-year increase of 0.50% [1] Financial Performance - The latest asset-liability ratio stands at 66.09%, a decrease of 0.39 percentage points compared to the same period last year [3] - The gross profit margin is reported at 22.36%, an increase of 0.26 percentage points from the previous quarter, indicating two consecutive quarters of growth [3] - The return on equity (ROE) is at 0.62%, up by 0.05 percentage points year-on-year [3] - The diluted earnings per share remained stable compared to the same period last year, with a year-on-year increase of 9.04% [3] Operational Efficiency - The total asset turnover ratio is recorded at 0.14 times, while the inventory turnover ratio is at 10.78 times [4] Shareholder Structure - The number of shareholders is 23,200, with the top ten shareholders holding a total of 181 million shares, accounting for 51.45% of the total share capital [4] - The largest shareholder is Tianjin Xingjin Enterprise Management Co., Ltd., holding 22.46% of the shares [4]

Group 1 - The core point of the article is that Bohai Co., Ltd. announced the results of its board meeting and provided insights into its revenue composition for the first half of 2025 [1] - The board meeting was held on October 27, 2025, and reviewed the Q3 2025 report among other documents [1] - As of the report, Bohai Co., Ltd. has a market capitalization of 2.6 billion yuan [1] Group 2 - For the first half of 2025, the revenue composition of Bohai Co., Ltd. is as follows: heating services accounted for 43.8%, raw water 24.45%, tap water 20.42%, sewage treatment 9.54%, and other businesses 1.8% [1]

4、本次会议由公司董事长王新玲女士主持，公司高管列席了会议。 证券代码：000605 证券简称：渤海股份 公告编号：2025-040 渤海水业股份有限公司 关于第八届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、渤海水业股份有限公司（以下简称"公司"）第八届董事会第二十六次 会议通知于 2025 年 10 月 17 日以电子邮件方式发出。 2、本次会议于 2025 年 10 月 27 日上午 10：00 以现场结合通信表决的方式 召开。 3、本次应参会董事 9 人，实际出席会议董事 9 人（其中：张树涛先生、龚 国伟先生、段咏女士、汪斌先生以通信表决的方式出席会议，其他董事以现场表 决的方式出席会议，无委托出席情况），无缺席情况。 5、本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公 司章程》的规定。 二、董事会会议审议情况 1、《2025 年第三季度报告》 表决结果：9 票同意，0 票反对，0 票弃权，本议案获得表决通过。 详细内容见同日披露的《2025 年第三季度报告》。 本议案已 ...

Financial Performance - The company's revenue for Q3 2025 was ¥295,662,852.74, representing a 5.25% increase compared to the same period last year[3] - The net profit attributable to shareholders was -¥892,709.60, a decrease of 78.96% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥949,529.27, down 88.45% from the previous year[3] - Total operating revenue for the current period is ¥1,135,496,907.59, a decrease of 5.6% from ¥1,202,847,148.30 in the previous period[14] - Net profit for the current period is ¥16,601,938.02, a decrease of 7.9% compared to ¥18,033,541.24 in the previous period[16] - Earnings per share (basic and diluted) for the current period is ¥0.0374, an increase from ¥0.0343 in the previous period[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,887,755,583.47, a decrease of 3.20% from the end of the previous year[3] - Total current assets decreased from 2,411,024,788.94 CNY to 2,185,710,695.95 CNY, a decline of approximately 9.36%[11] - Total liabilities amount to ¥5,212,877,730.93, a decrease from ¥5,436,338,186.59 in the previous period[13] - Total current liabilities decreased from 3,525,689,886.49 CNY to 3,002,134,085.27 CNY, a reduction of approximately 14.9%[12] - Long-term borrowings increased from 903,813,017.09 CNY to 1,312,455,657.86 CNY, an increase of about 45.2%[12] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥26,238,591.49, an increase of 0.50%[3] - Cash flow from operating activities for the current period is ¥26,238,591.49, slightly up from ¥26,107,136.20 in the previous period[16] - The net cash flow from investing activities was -$150.81 million, compared to -$158.89 million in the previous period, indicating a slight improvement[17] - Cash inflow from financing activities totaled $1.83 billion, an increase from $1.52 billion year-over-year[17] - The net cash flow from financing activities was -$52.24 million, a decrease from a positive $73.41 million in the previous period[17] - The company reported a net decrease in cash and cash equivalents of -$176.81 million, compared to -$59.37 million in the previous period[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,196[9] - The largest shareholder, Tianjin Xingjin Enterprise Management Co., holds 22.46% of shares, amounting to 79,200,321 shares, with 50% of these shares pledged[9] Investment and Income - Investment income increased by 72.03% to ¥26,171,764.26, primarily due to higher returns from joint ventures[6] - Investment income for the current period is ¥26,171,764.26, significantly higher than ¥15,213,527.75 in the previous period[14] Operational Costs - Total operating costs for the current period are ¥1,143,477,199.04, down 4.3% from ¥1,194,382,201.21 in the previous period[14] - The company reported a decrease in sales expenses to ¥6,734,616.23 from ¥8,597,026.11 in the previous period, a reduction of 21.6%[14] Other Information - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[10] - There are no significant new strategies or product developments mentioned in the conference call[10] - The company has not audited its third-quarter financial report[18]

Core Viewpoint - Bohai Co., Ltd. reported a mixed performance in its financial results for the third quarter, with revenue growth but a significant net loss compared to the previous year [1] Financial Performance Summary - The company's revenue for the third quarter reached 296 million yuan, representing a year-on-year increase of 5.25% [1] - The net profit for the third quarter was a loss of 892,700 yuan, a decline of 78.96% compared to the same period last year [1] - For the first three quarters, the total revenue was 1.135 billion yuan, showing a year-on-year decrease of 5.60% [1] - The net profit for the first three quarters was 13.2015 million yuan, reflecting a growth of 9.17% year-on-year [1]

Core Insights - The company *ST SiHuan reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong growth performance [1] Financial Performance - The company achieved an operating income of 294 million yuan, representing a year-on-year growth of 88.71% [1] - The net profit attributable to shareholders was -13 million yuan, showing a year-on-year increase of 13.13% [1] - Basic earnings per share were -0.0123 yuan, with a year-on-year growth of 13.38% [1]

Core Viewpoint - Bohai Co., Ltd. primarily engages in water supply and heating services, with no current export trade activities [2] Company Summary - The company confirmed its main business operations focus on providing water and heating services [2] - There is no involvement in export trade as of now [2]

渤海水业股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范渤海水业股份有限公司（以下简称公司）的行为，维 护公司及股东的合法权益，提高股东会议事效率，根据《中华人民共和国 公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、《上市公司章程指引》、《上市公司治理准则》、《上市公司股东会 规则》（以下简称《股东会规则》)、《深圳证券交易所股票上市规则》、《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 等法律、行政法规、规范性文件及《渤海水业股份有限公司章程》（以下 简称《公司章程》）的有关规定，结合本公司实际情况，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、《股东会规则》及《公司 章程》的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董 事应当勤勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和《公司章程》规定的范围内行使 职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开 ...

渤海水业股份有限公司 章 程 （2025 年 10 月 10 日，经公司 2025 年第四次临时 股东大会审议通过） | | | | | | | | | 第八条 代表公司执行公司事务的董事为公司的法定代表人。本公司 法定代表人由董事长担任。 第一章 总 则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的 组织和行为，根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）和其他有关规定，制定本章 程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司 （以下简称公司）。公司经建设部建人（1996）238 号和国家经济体制改 革委员会体改生（1996）76 号文批准，以募集方式设立；在国家工商行 政管理局注册登记，经北京市工商行政管理局核准，取得营业执照。统一 社会信用代码：911100001000238085。 第三条 公司于 1996 年 8 月 1 日和 8 月 2 日经中国证监会批准，首次 向社会公众发行人民币普通股 1250 万股，并于 1996 年 9 月 13 日在深圳 证券交易所上市。 第四条 公司注册名称：渤海水业股份有限公 ...