ICW(SH:600187) Zheng Quan Shi Bao·2025-07-24 11:48Core Viewpoint - Guozhong Water has significantly increased its stake in Zhuhai Wenshenghui, raising its indirect holding in Beijing Huiyuan to 21.89%, which has contributed to the company's turnaround in profitability [1][2] Financial Performance - In 2023, Guozhong Water reported a revenue of 217 million yuan, a decrease of 24.62% year-on-year, and a net profit attributable to shareholders of 30.04 million yuan, compared to a loss of 116 million yuan in the previous year [1] - The investment in Zhuhai Wenshenghui yielded an investment return of 82.84 million yuan, accounting for 275.77% of the net profit for the period [1] Industry Context - The traditional environmental protection sector, including wastewater treatment, has seen significant changes in industry concentration, entering a "post-construction era" [1] - The market for municipal wastewater treatment in first- and second-tier cities is becoming saturated, leading to intensified competition [1] Strategic Moves - Guozhong Water plans to acquire at least 2.32 million yuan of registered capital from Shanghai Yongrui, which will increase its total holding in Zhuhai Wenshenghui to at least 51% [2] - The company aims to optimize its asset structure and enhance its asset scale and profitability through this acquisition, aligning with its future development strategy [2]