Corporate Governance - The company plans to hold an extraordinary general meeting on February 11, 2026, to discuss the re-election or appointment of directors, including the nomination of Zhu Zhen as an executive director candidate and Duan Tao and Li Zhengzheng as non-executive director candidates [1] - On January 27, 2026, the company announced the resignation of Mei Wei as a non-executive director and chairman, with Zhu Zhen, Duan Tao, and Li Zhengzheng appointed as new directors [2] - The adjustments in governance structure may impact the company's strategic direction [2] Industry Policy and Environment - An emergency sewage leak in Washington, D.C. on February 20, 2026, may raise global awareness regarding water management, indirectly boosting sentiment in the environmental sector [3] - In 2025, profits of state-owned enterprises in Yunnan Province increased by 147.57%, which may benefit Yunnan Waterworks as a state-owned enterprise amid expectations of improved state-owned enterprise operations [3] Operational Performance - The company's mid-year report for 2025 indicated revenue of 1.158 billion yuan, a year-on-year decrease of 6.83%, and a loss of 875 million yuan, although operating cash flow remained positive [4] - The current stock price is fluctuating at a low level with light trading, closing at 0.15 HKD as of February 20, 2026, necessitating attention to future debt restructuring or asset optimization progress [4]
云南水务2026年2月临时股东会拟议董事变更，中期亏损8.75亿元