Shares of leading water management and advanced metering infrastructure (AMI) provider Badger Meter (NYSE: BMI) are down 10% as of 11 a.m. ET on Wednesday following the company's fourth-quarter earnings release. For the full year, revenue, earnings per share (EPS), and free cash flow (FCF) grew by 11%, 13%, and 19%, respectively. However, Badger Meter's sales only rose by 8% in Q4 -- and just 2% on an organic basis -- and it fell short of Wall Street's guidance, prompting today's decline. The stock is now ...

（来源：衢州日报） 转自：衢州日报 受"拉尼娜"现象影响，2025年9月以来常山县温暖少雨，全县47座单村水站中11座分时段供水、4座基本 断流，供水形势严峻。常山水务公司严密监控旱情，积极启动应急保供机制，全力保障城乡居民春节用 水安全。 公司一方面全力拓展水源，完成11座应急深井打造，优化县域水资源配置。另一方面系统推进老旧管网 改造与智能化漏损管控，组建7人抢修突击队，配备新型管道探伤仪，对8条主干管网、20个小区、4大 园区拉网排查，消除隐患20余处。针对偏远高山地区，设置临时供水点，出动5辆应急送水车免费为居 民送水入户100余次。 在抗旱的同时，公司启动低温抗寒应急预案，为100公里裸露水管和1万余只水表"穿衣戴帽"保温。目前 各项措施扎实推进，春节期间城乡供水安全屏障进一步筑牢。 通讯员 傅志辉 ...

Core Insights - The development of inclusive finance and the provision of convenient and high-quality financial services are key to supporting the real economy and demonstrating political and social responsibility [1] Group 1: Supply Chain Financial Services - Inner Mongolia Bank focuses on serving the real economy by targeting industries such as energy, steel, and agricultural processing, using supply chain finance to address financing challenges for small and micro enterprises [1] - By the end of 2025, the bank aims for rapid growth in its supply chain finance business, with targeted products like "Steel Financing" and "Cloud Chain Loan" expected to reach a loan balance of 1.13 billion yuan, an increase of 82.85% from the beginning of the year [1] - The bank has served 30 core enterprises and 241 upstream suppliers, effectively promoting collaborative development among small and micro enterprises in the industry chain [1] Group 2: Efficiency in Financing Processes - The financing process that previously took a week can now be completed in less than two days through the Inner Mongolia Bank's supply chain finance platform, saving companies significant financial costs [2] - The bank has provided 100 million yuan in financing to small and micro enterprises linked to Baosteel Wante Steel Co., which has over a hundred upstream suppliers [2] - Other branches have also supported 30 core enterprises, providing over 1.5 billion yuan in financing through similar methods, enhancing efficiency and reducing costs for businesses [2] Group 3: Support for Agricultural Industries - The corn industry is crucial for national food security, and Inner Mongolia Bank is extending its supply chain finance services to support corn processing enterprises [3] - The bank has conducted market research and developed financial service plans based on the needs of core enterprises and their upstream clients, providing 250 million yuan in credit to core enterprises and 380 million yuan to corn storage enterprises [3] - Loans totaling over 71 million yuan have been issued to support corn planting, injecting financial resources into weaker links of the industry chain [3] Group 4: Financial Solutions for Public Utilities - Water service companies face financial pressures due to increased operational costs and infrastructure needs, prompting Inner Mongolia Bank to offer tailored financial solutions [4] - The bank provided a credit limit of 50 million yuan to Baotou Water Supply Co., supporting 18 upstream clients with over 73 million yuan in loans [4] - This initiative alleviates liquidity pressures for the company while addressing financing challenges for upstream suppliers [4] Group 5: Commitment to Local Economic Development - Inner Mongolia Bank has issued over 10 billion yuan in cumulative credit through supply chain finance, demonstrating its commitment to supporting local economic development [5] - The bank plans to continue enhancing its supply chain financial services and improve the quality of services for small and micro enterprises and the real economy [5]

本报讯（西海新闻记者 李增平）1月12日，记者从"'十四五'发展成就"系列主题新闻发布会青海省水利 厅专场获悉，"十四五"期间，青海在加强水网顶层设计，加快构建水网主骨架，完善水网工程布局等方 面取得明显成效，并通过多元化融资方式保障水网建设需求，高原水网体系加快构建。 其间，水利部门立足流域整体和水资源空间均衡配置，储备水利项目投资规模约1698亿元。进入国 家"两重"实施方案的5项重大项目中，塔塔棱河水库、蓄集峡水库、德令哈供水工程主体工程加快建 设，大河坝水库、香日德水库及配套灌溉工程可研论证加快推进，共和盆地引布调水工程启动前期论证 工作。 同时，青海省水利厅通过协调国家有关部委和省直有关部门，争取中央和省级财政资金，落实各类财政 配套资金等方式，落实水利投入292.83亿元。深化"央地合作"，成立南水北调青海公司、海西水网公 司，开工建设总投资115亿元的柴达木盆地水资源配置一期工程，引导金融机构和社会资本参与水利工 程建设运营，实现融资授信规模34.49亿元。 "十四五"期间，青海先后印发《青海省水网规划》，谋划构建省市县三级水网，打造高质量的水利公共 服务体系。引大济湟工程全面竣工验收转向投产达 ...

Core Insights - The Yiliang County Urban-Rural Water Supply Integration Project has achieved a significant milestone by completing the connection of the Yangjiashan Water Plant, marking a major advancement in the county's water supply history [1] Group 1: Project Overview - The project encompasses the entire supply chain from "source—pipeline—terminal," with the Yangjiashan Water Plant designed to supply 55,000 cubic meters of water daily in the short term, and up to 75,000 cubic meters in the long term [1] - A total of 414.11 kilometers of water supply and distribution pipelines have been constructed, linking key nodes such as the Yangjiashan Water Plant and storage tanks [1] Group 2: Service Improvement - The project establishes a new urban-rural water supply model characterized by "same water source, same pipeline, same water quality, and same service," allowing urban and rural residents to enjoy equal quality water services [1] Group 3: Technological Integration - Future plans for the Yangjiashan Water Plant include the integration of IoT, big data, and artificial intelligence technologies to create a smart water management system, transitioning towards "less human intervention and smart operation" [1] - The project will continue to enhance the intelligence and automation of the water plant's equipment and improve the supporting infrastructure for water distribution [1]

Core Insights - American States Water (AWR) is experiencing growth due to an expanding customer base in water and electric utility services, leading to increased demand for its offerings [1] - The company has a diversified business model that includes water, electricity, and long-term military contracts, contributing to stable financial performance [1] Growth Outlook & Surprise History - The Zacks Consensus Estimate for AWR's 2025 earnings per share (EPS) has risen by 1.22% to $3.32 over the past 60 days [2] - Projected revenues for 2025 are estimated at $629 million, reflecting a growth of 5.63% compared to the reported figure for 2024 [2] - AWR's long-term earnings growth rate is forecasted at 5.65% [2] - The company has exceeded earnings estimates in three of the last four quarters, with an average surprise of 3.63% [2] Return to Shareholders - AWR has been consistently increasing shareholder value through dividends, currently paying a quarterly dividend of 50.5 cents per share, which annualizes to $2.02 [3] - The current dividend yield stands at 2.73%, outperforming the Zacks S&P 500 composite average of 1.41% [3] Investment Plans and Interest Rate Impact - AWR plans to invest $573.1 million from 2025 to 2027 to enhance infrastructure and operations, with capital expenditures for 2025 estimated between $180 million and $210 million [4] - The decline in interest rates, with the U.S. Federal Reserve reducing the benchmark rate by 175 basis points to a range of 3.50-3.75%, is expected to lower AWR's cost of capital and improve margins [5] Debt Structure - AWR's total debt to capital ratio is 47.54%, which is better than the industry average of 50.46% [6] - The times interest earned (TIE) ratio for AWR at the end of Q3 2025 was 4.5, indicating the company can comfortably meet its interest payment obligations [6] Stock Price Performance - Over the past six months, AWR's stock has decreased by 5%, while the industry has seen a growth of 3% [7] Additional Industry Insights - Other top-ranked stocks in the same industry include Ameren (AEE), NextEra Energy, Inc. (NEE), and Dominion Energy, Inc. (D), all currently holding a Zacks Rank 2 [10] - AEE has a long-term earnings growth rate of 8.52% with a 2025 EPS estimate of $5.01, indicating an 8.21% year-over-year growth [10] - NEE's long-term earnings growth rate is 8.08%, with a 2025 EPS estimate of $3.69, suggesting a 7.58% year-over-year increase [11] - D has a long-term earnings growth rate of 10.26%, with a 2025 EPS estimate of $3.40, reflecting a year-over-year growth of 22.74% [11]

钱江水利（600283）(600283.SH)发布公告，近日，公司收到招标人祁门县住房和城乡建设局发来的祁 门县供排水一体化项目中标通知书，中标金额1.38亿元。 ...

本报讯（西海新闻记者 李增平）近日，记者从青海省住房和城乡建设厅获悉，我省持续推进公共供水 管网漏损治理工作，以西宁市国家试点建设为抓手，通过管网改造、智能监测等系列举措，实现漏损控 制与供水稳定性双提升，成效显著。 据悉，青海省住建厅严格落实国家相关通知要求，组织各地编制漏损治理实施方案，积极申报重点城 市。西宁市成功入选2022年国家公共供水管网漏损治理试点城市后，青海省住建厅督导其编制专项实施 方案，建立月报制度，通过现场指导等方式推进管网改造、分区计量、压力调控及智能化建设。 在具体工作中，西宁市聚焦管网老化腐蚀等问题，加快实施老旧管网隐患治理及漏控一、二、三期工 程，推进DMA分区计量管理试点。截至目前，累计完成供水管网更新改造24.4公里，安装流量计47 台，梳理小区校核表410个，DMA分区检漏预警系统接入155个压力监测点及22个市政加压站数据，实 现管网精细化管理。西宁市管网修正后漏损率从2022年的7.13%稳步下降至2024年的6.53%，2025年上 半年更是降至4.78%。同时，供水管网稳定性显著提升，2025年1月至6月，西宁市市政供水管网停水抢 修事件同比下降44.84%，其中D ...

Core Insights - Core & Main Inc (NYSE: CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States, serving municipalities, private water companies, and professional contractors [1] - Citigroup maintains a Neutral rating for CNM, with a price target increase from $54 to $56, reflecting confidence in the company's growth potential [3][6] Financial Performance - Core & Main reported earnings of 89 cents per share, exceeding the analyst consensus of 76 cents per share, while quarterly sales were $2.062 billion, slightly missing the expected $2.066 billion [2][6] - The company has kept its full-year 2025 sales guidance between $7.6 billion and $7.7 billion [2] Growth Areas - The company has experienced double-digit growth in fusible high-density polyethylene, treatment plant solutions, and geosynthetics products, with metering products seeing high single-digit growth due to strong demand for integrated solutions addressing aging water infrastructure [4][6] Stock Performance - CNM's stock is currently priced at $54.92, reflecting a 6.52% increase or $3.36, with a market capitalization of approximately $10.43 billion [5]

Core Insights - Core & Main, Inc. (CNM) is a leading distributor in the water, wastewater, storm drainage, and fire protection products sector in the United States, serving municipalities, private water companies, and professional contractors [1] - CNM reported earnings per share of $0.89, exceeding the estimated $0.73, and revenue of approximately $2.06 billion, slightly above the estimated $2.05 billion [6] Financial Performance - The company's price-to-earnings (P/E) ratio is around 22.57, indicating that investors are willing to pay $22.57 for every $1 of earnings [2] - CNM's price-to-sales ratio stands at about 1.26, showing that investors are paying $1.26 for every dollar of sales [3] - The enterprise value to sales ratio is around 1.57, reflecting the company's total valuation compared to its sales [3] - The enterprise value to operating cash flow ratio is approximately 19.71, indicating the relationship between the company's valuation and its cash flow from operations [4] - The earnings yield is about 4.43%, providing insight into the return on investment for shareholders [4] Financial Health - The company's debt-to-equity ratio is approximately 1.23, highlighting its financial leverage [5] - The current ratio of about 2.26 suggests that CNM has more than twice the current assets compared to its current liabilities, indicating good short-term financial health [5]