来源：市场资讯 （来源：快查一企业中标了） 快查APP显示，北控水务集团相关公司昆明滇池水务股份有限公司于2025年8月28日发布一则招标信 息，项目名称为昆明市昆阳、古城水质净化厂设施设备更新改造项目设计、采购及施工总承包(EPC)招 标公告，预算金额为6014.77万元。 快查股权穿透数据显示，该公司由北控水务集团持股，出资比例为4.64%。 ...

Core Insights - Wuhan Holdings reported a revenue of 2.076 billion yuan for the first half of 2025, representing a year-on-year increase of 14.76% [1] - The net profit attributable to shareholders reached 88.769 million yuan, up 9.22% year-on-year, while the net profit after deducting non-recurring gains and losses was 74.276 million yuan, reflecting a growth of 21.08% [1] Business Segments - The company's core business includes wastewater treatment, water engineering construction, tap water production, and tunnel operation [1] - In the wastewater segment, revenue was 1.006 billion yuan, an increase of 6.6435 million yuan compared to the same period last year [1] - The total design capacity for wastewater treatment increased by 0.61 thousand tons per day, reaching 341.61 thousand tons per day [1] Engineering Construction - Engineering construction revenue for the first half of the year was 911 million yuan, an increase of 260 million yuan year-on-year [1] - The company is transitioning from a traditional water service construction enterprise to a water ecological environment technology construction leader, signing new contracts worth 814 million yuan [1] Water Supply and Pricing - The water supply sales price was raised from 0.55 yuan per ton to 0.60 yuan per ton, resulting in tap water revenue of 83.2004 million yuan, an increase of 2.8989 million yuan year-on-year [2] Research and Development - R&D expenses amounted to 44.687 million yuan, a year-on-year increase of 45.64% [2] - Several subsidiaries received recognition as "High-tech Enterprises" and "Specialized and Innovative Little Giants" [2] Environmental Initiatives - The company is actively involved in green circular economy initiatives, including photovoltaic power generation and wastewater energy utilization [2] - Wuhan Holdings is participating in water environment governance in Wuhan, focusing on blue-green algae control and ecological dredging [2] Financing Activities - In June, the company successfully issued its first phase of technology innovation perpetual corporate bonds, with a scale of 1 billion yuan and a coupon rate of 2.35% [2]

Group 1 - The company Wuhan Holdings (600168.SH) reported a total operating revenue of 2.076 billion yuan for the first half of 2025, representing a year-on-year increase of 14.76% [1] - The net profit attributable to shareholders of the parent company reached 88.769 million yuan, showing a year-on-year growth of 9.22% [1] - The basic earnings per share were reported at 0.09 yuan [1]

Group 1 - The company reported a revenue of HKD 118 million for the six months ending June 30, 2025, representing a year-on-year decrease of 62.65% [1] - The loss attributable to shareholders was HKD 59.616 million, which narrowed by 24.37% compared to the previous year [1] - The loss per share was HKD 0.1131 [1]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company's main business continues to operate steadily, with capacity expansion contributing to revenue growth. In the first half of 2025, the company achieved operating revenue of 4.192 billion yuan, a year-on-year increase of 4.59%, and a net profit attributable to shareholders of 975 million yuan, up 5.03% year-on-year [2][4] - The water treatment business saw revenue of 1.871 billion yuan, a year-on-year increase of 9.82%, driven by both price and volume. The price for sewage treatment services in Chengdu increased from 2.44 yuan/ton in 2024 to 2.74 yuan/ton in 2025 [4] - The company has a strong market position in Chengdu, with a 100% market share in both water supply and sewage treatment, ensuring stable cash flow and profitability [4][5] Financial Performance - The company’s gross margin for the first half of 2025 was 45.6%, an increase of approximately 2.5 percentage points year-on-year. The gross margin for the water supply business reached 48.02%, up 4.25 percentage points, while the sewage treatment business gross margin was 43.13%, up 0.86 percentage points [4] - The net cash flow from operating activities was 934 million yuan, a slight decrease of 4.39% year-on-year, with accounts receivable increasing to 3.584 billion yuan, a year-on-year increase of 15.91% [4] Earnings Forecast - The company is expected to achieve operating revenues of 9.795 billion yuan, 11.180 billion yuan, and 11.760 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits attributable to shareholders projected at 2.169 billion yuan, 2.488 billion yuan, and 2.613 billion yuan for the same years [6][5] - The projected P/E ratios for 2025, 2026, and 2027 are 9.38x, 8.18x, and 7.79x respectively, indicating a favorable outlook for the company's growth and dividend potential [5]

2、宜都水务环境科技有限公司、仙桃水务环境科技有限公司、黄梅济泽水 务环境科技有限公司、红安既济水务环境科技有限公司均位于武汉市以外的湖北 省其他地区，各执行不同的污水处理服务费结算价格，平均结算价格 3.15 元/ 立方米。报告期内，部分地区污水治理 PPP 项目月实际污水处理水量低于月保底 水量时，结算水量按照月保底水量进行计算。 根据上海证券交易所《关于做好主板上市公司 2025 年半年度报告披露工作 的重要提醒》的要求，公司 2025 年 1-6 月主要经营数据（未经审计）如下： 一、污水处理业务 | 地区 | 污水处理 服务单价 | | | | 处理量（万 m | 3） | | | | 结算量（万 m 3） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 3） | 2025 | 年 | 2024 | 年 | 同比变化 | 2025 年 | 2024 | 年 | 同比变化 | | | （元/m | | 1-6 | 月 | 1-6 | 月 | （%） | 1-6 月 | | 1-6 月 ...

人民财讯8月28日电，舜禹股份（301519）8月28日晚间公告，公司拟使用自有资金4000万元，在上海设 立全资子公司"上海舜禹水务智算低碳有限公司"。投资目的为基于公司战略规划及未来经营发展的需 要，深化全国布局，以上海为核心枢纽，高效对接长三角地区的产业集群与创新生态，加速水务智算领 域的技术创新与成果转化，拓宽公司业务范围与市场领域，持续强化公司的核心竞争优势。 ...

武汉控股公告，2025年上半年营业收入20.76亿元，同比增长14.76%。净利润8876.9万元，同比增长 9.22%。 ...

Group 1 - The core viewpoint of the article is that United Water (603291.SH) reported its mid-year results, showing a revenue increase but a significant decline in net profit [1] - For the first half of 2025, the company achieved total operating revenue of 551 million yuan, representing a year-on-year growth of 9.77% [1] - The net profit attributable to shareholders of the parent company was 35.79 million yuan, which reflects a year-on-year decrease of 56.91% [1] - The basic earnings per share were reported at 0.0846 yuan [1]

Core Insights - The national asset securitization market has experienced rapid development this year, with Yangzi Guotou successfully issuing the first data asset-enabled water ABS in China, amounting to 1 billion yuan and achieving a record low interest rate of 2% for the same entity rating in the water ABS sector [1] - The transformation of enterprise data from "resource" to "product" and then to "asset" is a key focus, enabling companies to activate dormant data resources and convert them into tradable capital [2] Group 1 - Yangzi Guotou has positioned itself as a pioneer in the water sector by becoming the first company to list data assets, specifically analyzing water usage behavior data from enterprises in Nanjing, which has been traded on the Nanjing data trading platform [2] - The cash flow security for the ABS is supported by transitioning from traditional experience-driven revenue to data-driven insights, utilizing water usage data as a critical asset [2] - The underlying assets for the ABS are based on water supply revenue rights, with technical support from the Nanjing Digital Financial Industry Research Institute, marking a significant innovation in public utility financing [2] Group 2 - Future plans for Yangzi Guotou include focusing on three main business sectors: financial investment, new city development, and business travel operations, leveraging green low-carbon projects and innovative financial practices [3] - The company aims to deepen the exploration and application of data assets, creating a virtuous cycle of "assets - activation - capital - investment - assets" to contribute to the development of a science and technology innovation financial demonstration zone in Jiangbei New District [3]