Core Viewpoint - The centrifugal ductile iron pipe industry in China is expected to grow significantly, with a market size projected to reach 60.358 billion yuan in 2024, reflecting an 8.0% year-on-year increase, driven by urbanization and government policies promoting infrastructure upgrades [1][7]. Industry Overview - Centrifugal ductile iron pipes, known for their excellent mechanical properties, corrosion resistance, and economic viability, are increasingly favored for municipal pipeline renovations [1][3]. - The industry is characterized by various classifications based on pressure ratings, joint types, surface treatments, and specific applications [3][4]. Market Size and Growth - The market size for centrifugal ductile iron pipes in China is projected to reach 60.358 billion yuan in 2024, with an annual growth rate of 8.0% [1][8]. - The length of urban water supply pipelines in China is expected to grow from 710,200 kilometers in 2015 to 1,199,500 kilometers by 2024, with a compound annual growth rate of 6.0% [7]. Industry Chain - The industry chain consists of upstream raw material supply (pig iron, coke, scrap steel), midstream production, and downstream applications in urban water supply, sewage treatment, and municipal engineering [6]. - The production of pig iron, a key raw material, is projected to decline to 85.173 million tons in 2024, reflecting a 2.3% year-on-year decrease [6]. Competitive Landscape - The centrifugal ductile iron pipe industry is becoming increasingly concentrated, with leading companies like Xinxing Ductile Iron Pipes and Saint-Gobain Pipe Systems dominating the market [9]. - Smaller manufacturers are competing primarily on price in regional markets, leading to a differentiated competitive landscape [9]. Development Trends - The industry is moving towards lightweight pipe solutions that optimize production costs and improve installation efficiency [12]. - There is a dual trend of high-end and customized product development to meet diverse application needs, enhancing mechanical performance and durability [13]. - The concentration of the industry is expected to increase, with leading firms gaining market share as smaller companies face challenges [14].

中新网重庆1月30日电 (黄维正)"应夯实现代化水网基础、挖潜补短提质、提升水网安全和韧性。"重庆 市政协委员、重庆水务环境控股集团有限公司董事长朱军在2026年重庆两会期间建议，加快推进川渝合 作重点水利项目，构建成渝水网体系，提速突破长征渠引水工程、川渝东北一体化水资源配置工程前期 工作。 朱军介绍，渝西地区作为成渝地区双城经济圈核心区域，水资源保障需求迫切，渝西水资源配置工程建 成后，仍难以满足成渝地区双城经济圈远期发展水安全保障要求，亟需推动渝西地区远期水网规划和建 设。 图为渝西 若推动该项目建成，预计可新增年供水量4.0亿—5.0亿m³，满足渝西远期供水需求，并将渝西地区应急 备用供水能力提升至90天。 同时，朱军还提到，川渝东北一体化水资源配置工程是重庆水网建设的重要组成部分，已进入《成渝地 区双城经济圈水安全保障规划》《嘉陵江流域综合规划》。 该工程受水区包括四川省达州市和重庆市万州区、梁平区、垫江县、忠县，位于华蓥山、精华山之间的 平行岭谷区，是承接产业转移的重点区域和全国重点粮食产区，但区域粮食安全保障程度不高，素 有"十年九旱"的说法。 朱军称，川渝东北一体化水资源配置工程从四川前河和重 ...

Core Insights - The Chinese urban water supply industry is entering a mature phase, with total water supply expected to reach 704.88 billion tons in 2024, a year-on-year increase of 2.52% [1][13]. Industry Overview - Urban water supply is a vital municipal infrastructure system consisting of water source extraction facilities, water treatment plants, and distribution networks, adhering to principles of water source development and conservation [3]. - The industry is closely linked to urbanization, with the urbanization rate in China increasing from 58.52% in 2017 to 67% in 2024, driving demand for both domestic and industrial water [8]. Supply Scale - The total length of urban water supply pipelines in China has grown from 710,200 kilometers in 2015 to 1,199,500 kilometers in 2024, with a compound annual growth rate of 6% [9][10]. - The comprehensive production capacity of urban water supply is projected to be 34.418 million cubic meters per day in 2024, with a utilization rate of 56.11%, an increase of 0.08 percentage points year-on-year [11][12]. Demand Scale - The urban water user population in China increased from 451 million in 2015 to 564 million in 2023, with a compound annual growth rate of 2.85%. However, it is expected to slightly decline to 564 million in 2024 [15]. Competitive Landscape - The urban water supply industry features a diversified competitive landscape characterized by state-owned dominance, the rise of private enterprises, and foreign investment penetration. Major players include Beijing Enterprises Water Group, Beijing Capital Eco-Environmental Protection Group, and others [16][17]. Development Trends - The industry is shifting from a focus on quantity expansion to ensuring quality and safety in water supply, emphasizing comprehensive water quality monitoring and risk management [18]. - Business models are evolving from traditional water supply to integrated water service providers, offering a range of value-added services [19]. - Value creation is transitioning from cost control to leveraging data assets and smart operations, utilizing IoT and AI for enhanced efficiency and decision-making [20].

| 证券代码：601158 | 证券简称：重庆水务 | | | 公告编号：临 | 2026-004 | | --- | --- | --- | --- | --- | --- | | 债券代码：188048 | 债券简称：21 | 渝水 | 01 | | | | 债券代码：242471 | 债券简称：25 | 渝水 | 01 | | | | 债券代码：242472 | 债券简称：25 | 渝水 | 02 | | | | 债券代码：113070 | 债券简称：渝水转债 | | | | | 重庆水务集团股份有限公司（下称公司）已于2026年1月23日召 开独立董事2026年第一次专门会议，审议通过了《关于审议重庆水务 集团股份有限公司2026年预计日常关联交易的议案》，全体独立董事 同意将本次关联交易议案提交公司董事会审议。独立董事认为公司与 关联方按照市场交易原则公平、公开、合理地确定交易价格。不存在 损害公司股东尤其是中小股东利益的情形，不会对公司的持续经营能 力和独立性产生不良影响。 公司已于2026年1月27日召开第六届董事会第二十三次会议，经 全体非关联董事一致同意，审议通过了《关于审议重庆水务集团股份 ...

| 证券代码：601158 | 证券简称：重庆水务 | | | 公告编号：临 | 2026-003 | | --- | --- | --- | --- | --- | --- | | 债券代码：188048 | 债券简称：21 | 渝水 | 01 | | | | 债券代码：242471 | 债券简称：25 | 渝水 | 01 | | | | 债券代码：242472 | 债券简称：25 | 渝水 | 02 | | | | 债券代码：113070 | 债券简称：渝水转债 | | | | | 重庆水务集团股份有限公司 第六届董事会第二十三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 二、审议通过《重庆水务集团股份有限公司关于 2026 年预计日 常关联交易的议案》 表决结果：5 票同意，0 票反对，0 票弃权。 重庆水务集团股份有限公司（以下简称公司）第六届董事会第二 十三次会议于 2026 年 1 月 27 日在公司 11 楼会议室以现场加视频方 式召开。本次会议的通知已于 2026 年 1 月 20 日通过电子 ...

关键词：农村水利工程、水利建设投资、耕地灌溉面积、农村饮水安全、农村自来水普及率、农村水利 工程政策、农村水利工程产业链、农村水利工程发展现状、农村水利工程发展趋势 内容概要：农村水利工程是保障国家粮食安全、改善农村民生、推进乡村振兴的核心基础设施，涵盖灌 溉排水、饮水安全、防洪排涝、水生态治理等功能。近年来，国家密集出台多项重磅政策，聚焦农村供 水保障、灌区现代化改造、小水电绿色发展等方向，同时水利建设投资规模持续扩大，2020-2024年年 复合增长率达13.4%，投资结构向国家水网、防洪工程、生态修复与智慧化建设倾斜，为行业发展注入 强劲动力。目前，我国耕地灌溉面积超10.9亿亩，灌溉面积粮食产量占全国总产量的80.76%，大中型灌 区以38.89%的播种面积贡献50.90%的产量；农业节水成效显著，农田灌溉水有效利用系数提升至 0.583，节水灌溉工程面积达6.38亿亩；农村供水能力稳步提升，2025年自来水普及率达96%，规模化供 水覆盖范围持续扩大。未来，行业将朝着智慧化、生态化、建管一体化方向深度转型，通过数字化技术 赋能、生态优先理念践行、建管模式创新，构建政府、企业、社会协同参与的高质量发展 ...

Core Viewpoint - The release of the "Opinions" marks a new phase in the financial support system for regional development strategies, emphasizing the role of capital markets in supporting enterprises along the Western Land-Sea New Corridor [2][3]. Group 1: New Opportunities for Chengdu-Chongqing Region - The Western Land-Sea New Corridor construction provides new opportunities for high-quality development in the Chengdu-Chongqing region, with a focus on enhancing capital market functions [2]. - The region's strategic positioning as a dual hub (Chengdu International Railway Port and Chongqing International Logistics Hub) is highlighted by its significant trade volume, which exceeded 2.8 trillion yuan in 2023, with 35% of freight volume attributed to the new corridor [2]. - Chengdu-Chongqing region has 257 listed companies as of 2024, with direct financing exceeding 1.2 trillion yuan, accounting for 38% of the total in the western region [2]. Group 2: New Mission for Chengdu-Chongqing Region - The financial support for the Western Land-Sea New Corridor faces challenges such as regional development imbalances, weak financial infrastructure, and cross-border financial rule conflicts [3]. - To address these challenges, a systematic strategy is needed to leverage capital markets for resource allocation, risk diversification, and value discovery [3]. - The focus is on market-oriented reforms, enhancing the vitality and service capacity of capital markets, and improving policy coordination [3]. Group 3: Capital Market as a Pillar for Financial Support - The Chengdu-Chongqing capital market has become a cornerstone for transforming financial support policies into development momentum, with significant achievements in multi-level capital market systems [4]. - The establishment of the "Land-Sea New Corridor Special Board" aims to enhance direct financing to 30% by 2025, while a 100 billion yuan "Land-Sea New Corridor Science and Technology Fund" supports innovation in logistics and cross-border e-commerce [4]. - A collaborative regulatory platform between Sichuan and Chongqing is being developed to unify information disclosure standards and risk management processes [4]. Group 4: Diverse Financing Channels - The construction of the Western Land-Sea New Corridor requires substantial funding, characterized by large scale, long cycles, and high risks [6]. - Capital markets are innovating financing tools, with over 8 billion yuan raised by companies like Chongqing Port and Chengdu Road and Bridge for infrastructure projects [6]. - The issuance of "Land-Sea New Corridor Special Bonds" and the first green REITs by Chongqing Water Group raised 1.5 billion yuan for ecological logistics park construction [6]. Group 5: Optimizing Institutional Supply - The integration of innovation chains, industry chains, and funding chains is essential for driving development [7]. - The gradual release of registration system reform benefits is guiding capital towards core areas of the corridor economy, with 12 new companies listed on the Science and Technology Innovation Board in 2023 [7]. - The establishment of a data asset market is underway, with a projected issuance of 5 billion yuan in data asset securitization products by 2024 [7]. Group 6: Mergers and Acquisitions for Industry Integration - Capital market functions are facilitating vertical integration of industries along the corridor, with companies like Tongwei Co. acquiring assets to form a complete industry chain [8]. - A joint investment fund of 50 billion yuan is being established to focus on multi-modal transport and cross-border e-commerce [8]. - Companies are also pursuing green transformation initiatives, such as Chongqing Iron and Steel's fundraising for environmental upgrades [8]. Group 7: Risk Prevention Mechanisms - A comprehensive risk prevention system is being developed to address cross-border and market risks associated with the corridor [9]. - The establishment of a regulatory sandbox for corridor-related listed companies aims to manage risks effectively [9]. - Financial risk stress testing is being expanded to the logistics sector, ensuring supply chain stability [9]. Group 8: Policy Coordination and Implementation - A four-dimensional implementation system is proposed to transform policy dividends into new development momentum, focusing on policy coordination, empowerment of entities, factor upgrading, and open cooperation [10]. - A collaborative financial regulatory mechanism is being established to streamline policies related to enterprise listings and cross-border financing [10]. - The introduction of a green channel for listings aims to facilitate the financing of corridor-related enterprises [10].

Group 1 - The Chongqing State-owned Assets Supervision and Administration Commission released a work list for state-owned enterprises to support the construction of the Western Land-Sea New Corridor by 2026, focusing on infrastructure, logistics, financial products, economic development, cultural exchange, platform building, and enhancing trade missions [1] - Key infrastructure projects such as the Yuwang High-speed Railway and the Yuxi High-speed Railway are progressing on schedule, with the Qianjiang to Jishou high-speed railway expected to start construction within the year, facilitating a rapid railway network connecting surrounding provinces and Southeast Asia [1] - Chongqing's state-owned enterprises are expanding their international presence, with Minsheng Industrial Group focusing on the "Three Countries, Three Warehouses" strategy in Thailand, Vietnam, and Laos, aiming for significant progress in the construction of the Vietnam warehouse [1] Group 2 - Chongqing Logistics Group plans to collaborate with central enterprises to enhance hub operation efficiency through smart upgrades, targeting a year-on-year increase of over 15% in the number of cross-border road transport services by 2026 [1] - The Chongqing International Airport aims to increase international flight routes, targeting the opening or enhancement of over six new international routes to reduce the "air distance" between Chongqing and the world [1] - Chongqing state-owned enterprises are accelerating the integration of "Chongqing-made" products into the global supply chain, with Qingling Motors planning to establish two overseas assembly plants to boost commercial vehicle exports [2]

Core Insights - The construction of urban water networks is a comprehensive infrastructure project aimed at enhancing urban water security resilience through multi-system coordination and smart control [1][2] - The industry is entering a new phase of systematic advancement, driven by top-level policies and continuous growth in water conservancy investment, with significant investments in major national water network projects expected to reach 42.5% in 2024 [1][8] - The market for smart water management is rapidly expanding, projected to exceed 30 billion yuan by 2025, driving digital transformation in water network operations [1][11] Industry Overview - Urban water network construction integrates various systems, including water source management, supply, drainage, flood control, and ecological protection, to address challenges such as water scarcity and pollution [2][3] - The industry is characterized by a closed-loop collaborative structure, comprising upstream supply, midstream engineering integration, and downstream operational services [5][6] Development Background - The urban water network is a critical infrastructure for urban operation, supported by a series of national policies aimed at promoting high-quality development and systematic advancement in water network construction [6][8] - Investment in water conservancy construction has shown steady growth, with total investment rising from 818.2 billion yuan in 2020 to 1,352.9 billion yuan in 2024, reflecting a compound annual growth rate of 13.4% [8][10] Investment Structure - In 2024, the investment in flood control engineering is expected to reach 522.3 billion yuan, accounting for 38.6%, while major national water network projects will attract 574.7 billion yuan, representing 42.5% of total investment [8][10] - The investment structure indicates a shift from a focus on engineering to a more integrated approach that includes ecological and smart solutions [8][10] Water Resource Management - In 2024, the total water usage in China is projected to be 5,928 billion cubic meters, with agricultural water accounting for 61.6%, indicating significant potential for efficiency improvements [10][11] - The supply structure shows that surface water remains the primary source, while unconventional water sources utilization has reached 25.16 billion cubic meters, reflecting diversification in water resource management [10][11] Future Trends - The urban water network construction will evolve towards system collaboration, digital empowerment, and ecological resilience, aiming for a modern development framework that is intelligent, efficient, and sustainable [12][13] - Digital twin technology will play a crucial role in integrating physical and digital water networks, enhancing management capabilities through proactive monitoring and predictive analytics [14][15] - Ecological design will be integrated throughout the construction process, promoting green technologies and enhancing the resilience of water systems against extreme climate events [15]

Core Viewpoint - Chongqing Water Supply (601158) is focusing on providing high-quality drinking water through its subsidiary, which operates a pipeline direct drinking water business and is expanding into hot water and medical pure water industries [1] Group 1: Business Operations - The company’s subsidiary, Chongqing Quality Water Supply Co., is primarily engaged in the pipeline direct drinking water business [1] - The company has implemented a large-scale layout of urban pipelines through a "central water purification station + quality water supply" model [1] - The direct drinking water service has reached various sectors in Chongqing, including education, residential areas, hospitals, government agencies, and enterprises, catering to approximately 400,000 residents [1] Group 2: Commitment to Quality - The company is committed to ensuring the safety and reliability of water supply for the public [1] - It aims to leverage its quality water supply capabilities to meet the high-end water demand in the market and enhance the added value of water resources [1]