华经产业研究院为助力企业、科研、投资机构等单位了解水务工程行业发展态势及未来趋势，特重磅推出《2026-2032年中国水务工程行业发展潜力预测及 投资战略咨询报告》，本报告由华经产业研究院研究团队对水务工程行业进行多年跟踪研究，使用桌面研究与定量调查、定性分析相结合的方式，全面解读 水务工程行业市场，深度挖掘行业潜在商机；科学运用研究模型，多维度对行业投资风险进行评估后精心研究编制。 水务工程是指为解决水资源开发利用、优化配置、节约保护以及水灾害防治等问题，所开展的一系列工程建设与管理活动的总称。其核心涵盖两大领域，一 是水资源开发与利用工程，包括水库、引水渠、取水构筑物等蓄水、输水设施，以及自来水厂、供水管网等城镇和工业供水系统；二是水环境保护与水灾害 防治工程，包含污水处理厂、污水管网、再生水利用设施等水污染治理项目，还有防洪堤、排涝泵站、河道整治等防洪排涝工程。 由于管网维护、水质提升以及生态环保等方面的成本持续上涨，我国不少水务企业陷入了 "成本倒挂" 的困境。而供水量的变化也会影响水价的调整，2024 年以来，全国各地的水价调整工作明显加快，而且上调幅度较大。2024年中国供水总量约为5928亿立方 ...

Investment Rating - The report maintains a "Buy" rating for Hongcheng Environment (600461) [1] Core Views - The company demonstrates stable performance through cost reduction and expense control, with a continued decline in capital expenditure [1] - The water service business remains robust, with a 12.32% year-on-year increase in sewage revenue for the first half of 2025 [8] - The company is expected to benefit from the extension of the depreciation period for water supply pipelines, leading to a profit increase [8] - The report forecasts a steady growth in net profit for 2025-2027, with expected figures of 12.51 billion, 13.07 billion, and 13.63 billion yuan respectively [8] Financial Summary - Total revenue for 2025 is projected at 8.501 billion yuan, reflecting a 3.34% year-on-year growth [1] - The net profit attributable to the parent company is expected to reach 1.251 billion yuan in 2025, with a growth rate of 5.11% [1] - The earnings per share (EPS) for 2025 is estimated at 0.97 yuan, with a price-to-earnings (P/E) ratio of 9.37 [1] - The company's asset-liability ratio is projected to decrease to 56.13% by 2026, indicating improved financial stability [9] - The report highlights a significant reduction in capital expenditure by 62.88% to 4.35 billion yuan in the first half of 2025 [8]

Core Viewpoint - The stock price of Deep Water Planning Institute closed at 30.35 yuan on August 4, 2025, reflecting a decline of 1.20 yuan or 3.80% from the previous trading day [1] Company Overview - Deep Water Planning Institute operates in the engineering construction sector, focusing on water resource management and environmental protection solutions, including urban flood control and pipeline renovation [1] - The company is currently engaged in multiple coastal water system governance projects and is expanding into emerging business areas such as smart operations and AI water technology [1] Financial Performance - On August 4, 2025, the opening price was 31.25 yuan, with a high of 33.25 yuan and a low of 30.00 yuan, resulting in a trading volume of 262,874 hands and a transaction amount of 837 million yuan [1] - The net outflow of main funds on August 4 was 51.6395 million yuan, accounting for 0.76% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds reached 52.2194 million yuan, representing 0.77% of the circulating market value [1] Business Strategy - The company is committed to enhancing its traditional water conservancy business, focusing on urban flood control and pipeline renovation during the flood season [1] - Deep Water Planning Institute is also actively expanding its deep-sea technology-related business and accelerating the transformation towards smart operations, AI water technology, and soil-carbon sink projects [1]

Core Points - The Botswana Business Promotion and G to B High-end Roundtable held in Changsha aims to create a dialogue platform for Chinese enterprises and Botswana [1] - Botswana is experiencing rapid development in sectors such as manufacturing, digital technology, and healthcare, presenting significant opportunities for investment [1] - The stable political environment, rich resources, and favorable business conditions in Botswana have attracted investments from countries like China and India [1] - The Botswana government is actively promoting local manufacturing and digital transformation, seeking deeper cooperation with Chinese enterprises in areas like new energy, modern agriculture, and mining [1] - There is a broad demand in Botswana for water engineering and urban living construction, with expectations to introduce Chinese technology and management expertise [1] Industry and Company Developments - Several Chinese companies signed cooperation agreements with the Botswana National Chamber of Commerce to collaborate on new energy development, agricultural technology, and trade connections [2] - The Changde Municipal Government has been actively engaging with Botswana since establishing cooperation in 2023, aiming to enhance bilateral relations [1][2]