WHKG(SH:600168) Zhong Zheng Wang·2025-08-29 03:21Core Insights - Wuhan Holdings (600168.SH) reported a revenue of 2.076 billion yuan for the first half of 2025, representing a year-on-year growth of 14.76% [1] - The company's net profit after deducting non-recurring items reached 74.28 million yuan, an increase of 21.08% compared to the previous year [1] Business Segments - The four core business segments of the company—wastewater treatment, water engineering, tap water production, and tunnel operation—are developing in synergy, contributing to a positive operational outlook [1] - Wastewater treatment revenue amounted to 1.006 billion yuan, with an increase of 6.64 million yuan year-on-year, and the total design capacity for wastewater treatment rose to 3.4161 million tons per day, a year-on-year increase of 0.61 million tons [1] - The water engineering segment has shifted towards ecological environment technology construction, achieving significant external market expansion with engineering revenue of 911 million yuan, a year-on-year increase of 260 million yuan [2] - The tap water business saw steady growth, with revenue of 83.20 million yuan, an increase of 2.90 million yuan year-on-year, supported by price adjustments from 0.55 yuan to 0.60 yuan per ton [2] - The tunnel operation segment achieved a breakthrough in external markets, securing a contract worth 63.07 million yuan for the management services of the "Gulf Tunnel" project, with a service period of three years [2] Industry Outlook - The water and environmental protection industry is poised for new development opportunities, driven by national strategies such as Beautiful China construction, water environment governance, and urban renewal [2] - The company plans to continue focusing on its four core business segments, enhancing integrated plant and network operations, and advancing smart water management through technological innovation and market expansion [2]