Core Insights - The Yarlung Tsangpo River downstream hydropower project, with a total investment of 1.2 trillion yuan, is set to significantly transform Tibet's economy and infrastructure [6][9][10] - The project is expected to create numerous job opportunities and enhance local industries such as construction, logistics, and commerce [6][9] Company and Industry Impacts - Companies in the cement and explosives sectors are poised to benefit directly from the hydropower project, with major players like Tibet Tianlu and Haohua Chemical already seeing stock price surges [5][6] - The cement market in Tibet is dominated by six companies, with Tibet Tianlu accounting for approximately 30.06% of the region's total production [6] - The explosives market is also significant, with Haohua Chemical generating 1.29 billion yuan in revenue from Tibet in 2024, representing 76.28% of its total income from the region [6] - Central enterprises are actively investing in Tibet, with 16 companies signing agreements for 75 projects worth 317.54 billion yuan, focusing on energy, minerals, and telecommunications [7] - The hydropower project is projected to generate 30 billion kWh annually, translating to sales of approximately 90 billion yuan, which would greatly enhance Tibet's fiscal capacity [10]

Group 1 - Kailong Co., Ltd. is uncertain about its participation in the Yaxia Hydropower Project, as the company operates in the civil explosives industry and provides blasting services [3] - Dayu Water-saving has not yet engaged in the Yaxia Hydropower Project, despite having experience in water conservancy projects in Tibet since 2015; the project is still in the early construction phase and has high investment and technical requirements [4] - ST Xifa's main business is beer production and sales, and it does not involve any hydropower station construction projects [5] Group 2 - Liugang Co., Ltd. has a rolling price-to-book ratio of 2.31, significantly higher than the industry average of 1.08, indicating potential trading risks [6] - ST Zitian has received a notice from the Shenzhen Stock Exchange regarding the potential termination of its stock listing [7] - Su Kun Agricultural Development's chairman, Zhu Yadong, has resigned due to work relocation, and the company will proceed with the necessary procedures for a new chairman [8] Group 3 - Rongzhi Rixin expects a net profit increase of 2027.62% to 2179.59 million yuan for the first half of 2025, driven by the acceleration of digital and intelligent transformation in various industries [10] Group 4 - Nantian Information plans to sign a procurement framework contract worth 58.27 million yuan with its controlling shareholder, effective for three years [13] - China Communication Signal expects to win contracts worth approximately 1.431 billion yuan in the rail transit market from May to June 2025, accounting for 4.41% of its projected revenue [14] - Blue Sky Gas shareholders and the secretary of the board plan to reduce their holdings by a total of up to 2.61 million shares [15] Group 5 - Tiancheng Self-Control indicates that Yunnan Trust plans to reduce its stake by up to 1% [17] - Baobian Electric has announced that the Equipment Financial Group intends to reduce its stake by up to 1% [18]

债券代码：123063 债券简称：大禹转债 大禹节水集团股份有限公司 证券代码：300021 证券简称：大禹节水 公告编号：2025－103 本公司及其董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 司（以下简称"公司"）股票在任意连续三十个交易日中已有十个交易日的收盘 价不低于当期转股价格 3.66 元/股的 130%（含 130%，即 4.76 元/股）。 根据《大禹节水股份有限公司创业板公开发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）及相关规定，若在未来触发"大禹转债"的有条 件赎回条款：在转股期内，如果公司股票在任意连续三十个交易日中至少十五个 交易日的收盘价格不低于当期转股价格的 130%（含 130%），公司有权决定按照以 债券面值加当期应计利息的价格赎回全部或部分未转股的"大禹转债"。公司将 在满足可转换公司债券（以下简称"可转债"）赎回条件的当日召开董事会，决 定是否行使上述赎回权限及相关事宜。 敬请广大投资者详细了解可转债相关规定，并关注公司后续公告，注意投资 风险。 一、 可转债基本情况 （一）可转债发行上市情况 经中国 ...

证券代码：300021 证券简称：大禹节水 公告编号：2025－104 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就 相关事项进行了核实，现就有关情况说明如下： 大调整，公司不存在其他应披露而未披露的重大信息。 度较高。公司拥有水利水电壹级总承包资质以及水利行业设计专业和工程咨询甲 级等资质，主要从事水利工程建设、灌区现代化建设、高标准农田建设、水环境 治理、农村污水处理、面源污染治理和各类农业水利基础设施运营等主营业务， 可为客户提供项目规划设计、投资融资、研发智造、建设交付、数字智能和运营 维护的一体化综合解决方案服务。公司从 2015 年开始拓展西藏水利业务，在西 藏当地有一定的水电站参与建设经验，并在拉萨、日喀则、那曲等地服务于当地 节水灌溉等配套项目。公司对雅下项目高度重视，但该项目尚处于开工建设初期 阶段，且具有投资规模大、建设周期长、技术要求高等特点。截至本公告披露日， 公司相关业务承接暂不涉及该项目，未来能否获得该项目相关订单及具体金额尚 存在不确定性。公司将依据项目进展情况履行信息披露义务，敬请投资者注意投 资风险。 债券代码：123063 债券简称：大禹转债 大禹节水 ...

创业板指今日下跌0.01%，报收2310.67点，创业板全日成交额4487.38亿元，比上个交易日减少325.20亿 元。今日可交易创业板股中，301只股收盘上涨，涨幅超过10%的有12只，其中，ST立方、深水规院、 金春股份等6股涨停，涨幅在5%至10%之间的有30只，收盘下跌的有1062只，跌幅超10%的有7只。 证券时报·数据宝统计显示，换手率方面，创业板今日平均换手率为4.45%，换手率区间分布显示，换手 率超过20%的有40只，换手率10%~20%之间的有150只，换手率5%~10%的有335只，换手率1%~5%的有 820只，换手率不足1%的有38只。 换手率最高的是C山大，该股为今日上市的新股，收盘涨幅为356.00%，换手率82.89%，日成交额22.22 亿元，全天主力资金净流入6.34亿元；其次是冠龙节能，该股今日收盘下跌5.67%，全天换手率 72.29%，成交额11.01亿元；换手率居前的还有唯万密封、金盾股份、大禹节水等，换手率分别为 66.12%、43.27%、39.65%。 从市场表现看，高换手率股中，今日上市的C山大上涨356.00%，其余个股中，今日上涨的有17只，涨 幅居前 ...

债券代码：123063 债券简称：大禹转债 一、公司股票交易异常波动的具体情况 大禹节水集团股份有限公司（以下简称"公司"，证券代码：300021）股票 于 2025 年 7 月 22 日、7 月 23 日连续两个交易日收盘价格涨幅偏离值累计超过 30%，根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波动的 情况。 二、公司关注及核实情况的说明 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就 相关事项进行了核实，现就有关情况说明如下： 证券代码：300021 证券简称：大禹节水 公告编号：2025－104 大禹节水集团股份有限公司 关于股票交易异常波动的公告 本公司及其董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 1、公司股票于 2025 年 7 月 22 日、7 月 23 日连续两个交易日收盘价格涨幅 偏离值超过 30%，属于股票交易异常波动的情况。公司股价短期波动幅度较大， 敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 2、经公司自查并向控股股东及实际控制人核实，截至本公告披露日，除公 司已披露事项外，不 ...

证券代码：300021 证券简称：大禹节水 公告编号：2025－103 债券代码：123063 债券简称：大禹转债 | 证券代码:300021 | | --- | | 倩券代码. 123063 | 大禹节水集团股份有限公司 关于大禹转债可能满足赎回条件的提示性公告 本公司及其董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 3、 转股价格：3.66 元/股 4、 存续期间：2020 年 7 月 28 日至 2026 年 7 月 27 日 5、 转股期间：2021 年 2 月 3 日至 2026 年 7 月 27 日 6、 自 2025 年 7 月 4 日至 2025 年 7 月 23 日，大禹节水集团股份有限公 司（以下简称"公司"）股票在任意连续三十个交易日中已有十个交易日的收盘 价不低于当期转股价格 3.66 元/股的 130%（含 130%，即 4.76 元/股）。 根据《大禹节水股份有限公司创业板公开发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）及相关规定，若在未来触发"大禹转债"的有条 件赎回条款：在转股期内，如果公司股票在任意连续三十个交易日中 ...

Core Viewpoint - The recent market focus on the Yarlung Tsangpo River downstream hydropower project (referred to as "Yaxia Project") has led to unusual stock trading fluctuations for Dayu Water-saving (300021) [1] Company Overview - Dayu Water-saving holds first-class qualifications for water conservancy and hydropower general contracting, as well as top-level qualifications in water conservancy design and engineering consulting [1] - The company primarily engages in water conservancy engineering construction, modern irrigation area construction, high-standard farmland construction, water environment governance, rural sewage treatment, non-point source pollution control, and various agricultural water conservancy infrastructure operations [1] - It provides integrated solutions for project planning and design, investment financing, research and manufacturing, construction delivery, digital intelligence, and operation maintenance [1] Business Development - Since 2015, the company has expanded its water conservancy business in Tibet, gaining experience in the construction of hydropower stations in the region [1] - Dayu Water-saving has been involved in water-saving irrigation and related projects in Lhasa, Shigatse, and Nagqu [1] Project Status - The company places significant importance on the Yaxia Project, which is currently in the early stages of construction [1] - The project is characterized by a large investment scale, long construction period, and high technical requirements [1] - As of the announcement date, the company's related business undertakings do not currently involve the Yaxia Project, and there is uncertainty regarding the potential orders and specific amounts that may be obtained in the future [1]

Group 1 - The A-share water conservancy sector is experiencing significant activity, with several companies showing notable stock price increases [1] - Deep Water Planning and Dahongli both reached the daily limit of a 20% increase [1] - BiKang Technology saw a rise of over 18%, while Wuxin Tunnel Equipment increased by more than 15% [1] - The Design Research Institute rose by over 14%, and Dayu Water-saving increased by over 13% [1]

Summary of Dayu Water Saving Conference Call Company Overview - **Company**: Dayu Water Saving - **Industry**: Water conservation and hydropower engineering Key Points and Arguments Industry and Market Opportunities - Dayu Water Saving has extensive experience in hydropower engineering construction in high-altitude areas, having completed over 1.3 billion orders in confidential high-altitude subcontracting projects, showcasing its construction capabilities under complex geological conditions [2][5] - The surrounding infrastructure investment for the Yaxia Hydropower Station totals 1.2 trillion, providing numerous participation opportunities for Dayu Water Saving [2][6] - The high-value rural construction sector has significant prospects, with increased investment in irrigation modernization. The national goal for agricultural infrastructure over the next decade is nearly 600 million acres, with a total market space exceeding 1.5 trillion [2][8] Financial Performance and Cash Flow - Dayu Water Saving's engineering revenue is primarily supported by central government funding, ensuring reliable cash flow. The expected operating cash flow for 2024 is approximately 4.3 billion, with recent cash amounts nearing 700 million [2][10] - The company plans to expand into national key projects, which are expected to have high cash return rates due to strong central funding support [10] Strategic Initiatives - The company is establishing a subsidiary to engage with the Yaxia project and leverage its market mechanisms and deep experience [2][6] - Dayu Water Saving is exploring the application of Real World Assets (RWA) in agricultural products, aiming to digitize the planting process and enhance commercial value [4][11] - The company has engaged in discussions with major institutions like Ant Group and JD.com to advance RWA applications, targeting to become the first listed company to issue agricultural RWA [4][12] Competitive Advantages - Dayu Water Saving holds a first-class engineering qualification in the water conservancy and hydropower industry, a rare qualification among private enterprises, and has participated in numerous large and medium-sized hydropower projects [3][5] - The company plans to further expand its capabilities through acquisitions and is developing digital twin models and flood prediction models to enhance its service offerings [3] Future Growth and Expansion - The Yajiang project, with a total investment of 1.2 trillion, is a significant milestone for the industry, and Dayu Water Saving aims to leverage this to drive overall performance and profit release over the next three to five years [9] - The company is optimistic about the future demand in high-value rural construction and irrigation modernization, supported by national policies and increased investment [8][9] Collaboration with State-Owned Enterprises - Dayu Water Saving has established long-term partnerships with state-owned enterprises like China Electric Power Construction and China Energy Construction, demonstrating strong collaboration capabilities [5][20] - The company has been involved in various projects in Tibet since 2015, showcasing its ability to work effectively in challenging environments [5][20] Technological Integration - The company is focused on integrating blockchain technology with agricultural practices to enhance asset digitization and traceability, aiming to improve the commercial value of agricultural products [14][15] - Dayu Water Saving is exploring innovative financing models and digital finance to support its business development and expand its market reach [18] Other Important Insights - The company is considering the implications of tokenization and the potential for overseas financing in the agricultural sector, which remains largely untapped [17][18] - Dayu Water Saving's strategic focus on digital transformation and RWA applications positions it well for future growth in both domestic and international markets [11][12][14]