Fundraising Overview - The company raised a total of RMB 581,020,898.64 through a specific stock issuance at a price of RMB 8.72 per share, with a net amount of RMB 572,370,632.48 after deducting issuance costs of RMB 8,650,266.16 [1][2] - The funds were fully deposited into the company's account by December 2, 2024, and verified by Tianjian Accounting Firm on December 3, 2024 [2] Fund Management - The company has established a special account for the management of the raised funds at China Merchants Bank, ensuring compliance with regulations and protecting investors' rights [3] - A tripartite supervision agreement was signed with the underwriter and the bank to regulate the storage of the raised funds [3] Fund Utilization - As of June 30, 2025, the total amount used from the raised funds was RMB 350,216,297.34, with RMB 110,000,000.00 allocated for cash management [2][4] - The company has generated interest income of RMB 720,621.05 and investment income from financial products of RMB 1,199,884.92, resulting in a remaining balance of RMB 114,074,841.11 in the special account [2][4] Project Investment and Replacement - The company approved the use of raised funds to replace self-raised funds previously invested in projects, totaling RMB 312,306,495.90 [5] - The company has completed the replacement of pre-invested funds for various projects, ensuring compliance with regulatory requirements [5][6] Cash Management - The company has been authorized to use up to RMB 300 million of temporarily idle raised funds for cash management, ensuring that this does not affect the normal use of the funds for project construction [5][7] - The company has engaged in structured deposits with China Merchants Bank, generating returns from these investments [7] Project Completion and Surplus Funds - Several projects have been completed and reached a usable state, resulting in surplus funds of RMB 10,685.60 million, which will be redirected to other ongoing projects [8] - The company has adhered to regulations regarding the use of raised funds, ensuring transparency and compliance in its disclosures [8]

Core Points - The company is Qianjiang Water Resources Development Co., Ltd., established in accordance with the Company Law and other relevant regulations [1][2] - The registered capital of the company is RMB 560,824,898 [2] - The company was approved for its initial public offering of 85 million shares in 2000 and is listed on the Shanghai Stock Exchange [1][3] Company Structure - The company is a permanent joint-stock company with a legal representative who is the chairman [2][3] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [2][3] Business Objectives and Scope - The company's business objective is to maximize profits while ensuring the legal rights of all shareholders and stakeholders [3][4] - The business scope includes hydropower generation, water supply, environmental protection services, and various engineering and consulting services [4] Share Issuance and Management - The company issues shares in the form of stocks, adhering to principles of openness, fairness, and justice [5][6] - The total number of shares issued by the company is 560,824,898, all of which are ordinary shares [7][8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and participation in company decisions, as well as obligations to comply with laws and the company’s articles of association [12][39] - The company has provisions for shareholders to propose and vote on resolutions during shareholder meetings [57][58] Governance and Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for calling and conducting these meetings [47][49] - The board of directors is responsible for managing the company and reporting to shareholders [73][74]

Group 1 - The core viewpoint of the article is that Taizhou Water (01542.HK) reported a decline in revenue and incurred losses in its interim results for the six months ending June 30, 2025 [1] - The company's revenue for the period was approximately RMB 274.9 million, representing a decrease of about 8.5% compared to the same period last year [1] - The loss attributable to the owners of the parent company was approximately RMB 19.9 million, an improvement from a loss of approximately RMB 36.3 million for the six months ending June 30, 2024 [1] - The basic loss per share was approximately RMB 0.10, and the board of directors did not recommend the distribution of an interim dividend for the period [1]

Group 1 - The company held its 12th meeting of the 9th Board of Directors on August 27, 2024, with all 7 directors present, ensuring compliance with relevant laws and regulations [1][2] - The Board approved the 2025 Semi-Annual Report and its summary, which will be disclosed on August 29, 2025, in major financial publications and the Shanghai Stock Exchange website [2] - The Board also approved the Special Report on the Storage and Use of Raised Funds for the first half of 2025, confirming that the funds were stored and used in accordance with regulations [2][3]

Group 1 - The company held its ninth supervisory board meeting on August 27, 2025, with all three supervisors present, and the meeting was conducted in accordance with relevant laws and regulations [1][2]. - The meeting approved the "2025 Semi-Annual Report" and its summary, which was prepared following various regulatory guidelines [1][2]. - The voting results for the approved resolutions were unanimous, with 3 votes in favor and no votes against or abstentions [2]. Group 2 - The company also approved the "2025 Semi-Annual Special Report on the Storage and Use of Raised Funds," which was compiled after a comprehensive review of the actual use of raised funds [2]. - The special report will be disclosed on August 29, 2025, in major financial publications and on the Shanghai Stock Exchange website [2].

Meeting Overview - The second session of the Supervisory Board of Jiangsu United Water Technology Co., Ltd. was held on August 28, 2025, with all three supervisors present [1][2] - The meeting was convened in accordance with relevant laws, regulations, and the company's internal management rules [1] Supervisory Board Resolutions - The Supervisory Board approved the proposal regarding the company's 2025 semi-annual report and its summary [1] - The report's preparation and review process complied with legal and regulatory requirements, as well as the company's internal management system [2] - The content and format of the semi-annual report met the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange, accurately reflecting the company's operational management and financial matters [2] - No violations of confidentiality were found among those involved in the report's preparation and review [2] - The Supervisory Board guarantees the truthfulness, accuracy, and completeness of the disclosed information in the semi-annual report, assuming individual and joint responsibility for its content [2]

Group 1 - The core viewpoint of the article is that Taizhou Water (01542) reported a decrease in revenue for the first half of 2025, amounting to approximately 275 million yuan, which is a decline of about 8.5% compared to the same period last year [1] - The loss attributable to the parent company owners was approximately 19.875 million yuan, which represents a year-on-year reduction of 45.21% [1] - The reduction in losses is primarily attributed to financial subsidies received from the Yuhuan government during the reporting period [1]

Core Insights - Taizhou Water (01542) reported a mid-year performance for 2025 with revenue of approximately 275 million, representing a year-on-year decrease of about 8.5% [1] - The loss attributable to the parent company was approximately 19.875 million, narrowing by 45.21% compared to the previous year [1] - Basic loss per share was approximately 0.1 yuan [1] - The reduction in performance loss was primarily due to financial subsidies received from the Yuhuan government during the reporting period [1]

Group 1 - The core viewpoint of the article is that Xinglu Water (02281.HK) reported a slight decrease in revenue but an increase in net profit for the six months ending June 30, 2025 [1] Group 2 - The company's operating revenue for the period was approximately RMB 615 million, representing a decrease of about 0.3% compared to the same period last year [1] - The net profit attributable to the owners of the parent company was approximately RMB 70.9 million, which is an increase of about 12.0% year-on-year [1] - Basic earnings per share were approximately RMB 0.08, reflecting an increase of about 14.3% compared to the same period last year [1] - The board of directors did not recommend the distribution of an interim dividend for the six months ending June 30, 2025 [1]

Group 1 - The core viewpoint of the article is that Xinglu Water (02281) reported a net profit of 70.856 million yuan for the six months ending June 30, 2025, representing a year-on-year increase of 11.96% [1] - The total operating revenue for the company was 615 million yuan, which reflects a slight decrease of 0.27% compared to the previous year [1] - The basic earnings per share for the company stood at 0.08 yuan [1] Group 2 - The decrease in revenue is primarily attributed to the impact of the real estate market, which led to a reduction in engineering installation income [2]