Core Viewpoint - Guangzhou Shanshui Bide Design Co., Ltd. (Shanshui Bide) has shown significant market expansion and financial performance in the first half of 2025, with a notable increase in new contract signings and revenue growth [1] Financial Performance - New contract amount reached 657 million yuan, a year-on-year increase of 71.48% [1] - Revenue for the first half of the year was 225 million yuan, reflecting a year-on-year growth of 24.98% [1] - Net profit attributable to shareholders was 1.9067 million yuan, marking a turnaround from losses [1] Business Segments Performance - Landscape design business generated 185 million yuan in revenue [1] - Architectural design business revenue was 15.7382 million yuan [1] - Revenue from garden greening engineering total contracting (EPC) was 23.7973 million yuan [1] Strategic Upgrades - The company is actively pursuing strategic upgrades, positioning itself as a comprehensive service provider for high-quality urban and rural development in China [1] - Initiatives include deepening the "Design+" full industry chain layout, enhancing strategic investment collaboration, and advancing digital technology empowerment [1] Project Developments - Acquisition of Bide Construction to enhance municipal public engineering contracting qualifications, completing the full-process service qualification system [2] - Successful completion of the EPC project in Yingtan, Jiangxi, demonstrating the advantages of the design-led EPC model [2] - Joint winning of the design and construction contract for the Meizhou Jiaoling County project, expanding market share in urban-rural integration [2] Investment Strategy - The company is building a collaborative industrial network around the "Design+Technology+Capital" strategy, establishing and acquiring subsidiaries in various sectors [3] - Investments include cultural arts, engineering construction, commercial management, agricultural services, and digital technology [3] - Establishment of investment subsidiaries to support core business foundations and future growth through technology innovation [3] AI and Technology Development - Shanshui Bide is implementing a dual-driven strategy of "Technology+Ecology" to create an open and collaborative smart design industry ecosystem [4] - Development of the "Shanshui Zhijing" digital design software product matrix, with 10 software copyrights obtained [4] - Strategic partnerships with Baidu and Tsinghua University to enhance intelligent design capabilities and efficiency [4]

Financial Performance - The company reported a significant revenue growth driven by the EPC business and architectural design collaboration, with a focus on improving profitability despite pressure on gross margins [2][3] - For 2024, the revenue base is set at CNY 459 million, with a target growth rate of at least 10% for 2025 and 21% for 2026 [3] Strategic Goals - The company aims to enhance profitability by combining market expansion with cost reduction, while also managing cash flow effectively to mitigate liquidity risks [3] - The company plans to explore external growth opportunities while ensuring the competitiveness of its core business [3] Competitive Landscape - The design industry is facing intensified competition due to macroeconomic controls in the real estate market, necessitating higher standards for design firms [4][5] - The company’s competitive advantages include: - **Talent Advantage**: Over 1,200 employees with a focus on talent development and training [5][6] - **Brand Advantage**: Established a strong brand presence with 929 awards in the landscape design sector [5][6] - **Client Advantage**: Strong relationships with local governments and leading real estate developers [5][6] - **Innovation Advantage**: R&D investment of CNY 17.1 million, representing 7.6% of revenue, with numerous patents and software copyrights [6] Market Expansion Strategy - The company has established a design and service network across 22 cities in China, with recent expansions into Xinjiang and Hefei [7] - The company is committed to a "market year" strategy, focusing on increasing market penetration and collaboration with state-owned enterprises [7] Technological Collaboration - The partnership with Lingban Technology aims to integrate AI and AR into design processes, enhancing urban renewal and tourism experiences [8][9] - Future projects will focus on smart city updates and immersive tourism experiences through technology [8][9] Urban Renewal Initiatives - The company is actively involved in urban renewal and village renovation projects, leveraging over a decade of experience [9] - Recent acquisitions have strengthened the company’s capabilities in municipal engineering and comprehensive service offerings [9]

Core Insights - The core viewpoint of the article is that as of August 26, 2025, institutional investors hold a significant portion of the shares of Mountain Water Bide (300844.SZ), totaling 44.464 million shares, which represents 49.13% of the company's total equity. This marks a slight decrease in institutional ownership compared to the previous quarter. Group 1 - As of August 26, 2025, three institutional investors disclosed their holdings in Mountain Water Bide, collectively owning 44.464 million shares [1] - The total institutional ownership accounts for 49.13% of Mountain Water Bide's total equity [1] - The institutional ownership ratio has decreased by 0.68 percentage points compared to the previous quarter [1]

Group 1 - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [2] - There were no changes in the controlling shareholder or actual controller during the reporting period [3] - The company has no preferred shareholders or related holdings during the reporting period [3] Group 2 - The report emphasizes the importance of reviewing the full semi-annual report for a comprehensive understanding of the company's operational results, financial status, and future development plans [1] - All directors attended the board meeting that reviewed the report [1] - The company does not require retrospective adjustments or restatements of previous accounting data [2]

Core Viewpoint - The company, Shanshui Bide, announced that its third board meeting's 24th session approved the proposal regarding its summary and related matters [2] Group 1 - The announcement was made on the evening of August 26 [2] - The board meeting focused on the review and approval of specific proposals [2]

Group 1 - The core point of the article is that the company, Mountain Water Biodegradable, announced the approval of a proposal during the 24th meeting of its third supervisory board [2] Group 2 - The announcement was made on the evening of August 26 [2] - The proposal discussed includes a summary of the relevant agenda items [2]

Group 1 - The company achieved significant market expansion with new contract value reaching 657 million yuan, a year-on-year increase of 71.48% [1] - The company reported operating revenue of 225.18 million yuan, reflecting a year-on-year growth of 24.98% [1] - The landscape design business generated revenue of 185.17 million yuan, while the architectural design and EPC business contributed 15.74 million yuan and 23.80 million yuan respectively, showcasing strong market expansion and business synergy [1] Group 2 - The company acquired Bid Construction to enhance its municipal public engineering construction qualifications, completing the full-service qualification system and covering the entire "investment, construction, management, and operation" chain [2] - The completion of the EPC project in Yingtan, Jiangxi, demonstrates the company's three-dimensional advantages in innovative design, quality resource assurance, and strong system support [2] - The company is expanding its market share in urban-rural integration through joint projects with subsidiaries, such as the design and construction of the Meizhou City project [2] Group 3 - The company launched a stock option incentive plan in June 2025, granting a total of 2.705 million stock options, which accounts for 2.99% of the total share capital [3] - The stock option plan aims to bind core talent to the company's long-term development by allowing them to share in the company's growth [3] - This incentive strategy is crucial for driving innovation and providing sustained momentum in strategic areas such as urban renewal and digital transformation [3]

智通财经APP讯，山水比德(300844.SZ)发布2025年半年度报告，该公司营业收入为2.25亿元，同比增长 24.98%。归属于上市公司股东的净利润为190.67万元，同比减少84.36%。归属于上市公司股东的扣除非 经常性损益的净亏损为606.33万元。基本每股收益为0.0211元。 ...

证券代码：300844 证券简称：山水比德 公告编号：2025-059 广州山水比德设计股份有限公司 第三届监事会第二十四次会议决议公告 本公司及监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、监事会会议召开情况 广州山水比德设计股份有限公司（以下简称"公司"）第三届监事会第二十四次会 议于 2025 年 8 月 26 日（星期二）在公司会议室以现场会议方式顺利召开。会议通知已 于 2025 年 8 月 15 日（星期五）以邮件、电话等形式发出。本次会议应出席监事 3 人， 实际出席监事 3 人，不存在监事委托其他监事代为出席或缺席会议的情形。本次会议由 监事会主席梅卫平先生主持，公司部分高级管理人员列席了本次会议。本次会议的召集、 召开与表决程序符合《中华人民共和国公司法》等相关法律法规及《广州山水比德设计 股份有限公司章程》等有关规定，形成的决议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于<2025 年半年度报告>及其摘要的议案》 经与会监事认真讨论与审议，监事会认为，公司《2025 年半年度报告》及《2025 年半年度报告摘要》的内容真实、准确 ...

格隆汇8月26日丨山水比德(300844.SZ)公布2025年半年度报告，上半年公司实现营业收入2.25亿元，同 比增长24.98%；归属于上市公司股东的净利润190.67万元，同比下降84.36%；归属于上市公司股东的扣 除非经常性损益的净利润-606.33万元；基本每股收益0.0211元。 ...