渭南市持续夯实农田灌排水利基础，"十四五"以来，通过实施17处大中型灌区续建配套与现代化改 造，累计衬砌渠道463.17公里，改善灌溉面积96.4万亩。 渭南市水务局相关负责人表示，下一步，渭南市将锚定保障水安全目标，系统推进水资源、水环 境、水生态、水安全、水价值的协同治理，加快构建"四纵四横"的渭南水网格局，为渭南经济社会高质 量发展提供坚实可靠的水利保障。（记者：陈宏江 通讯员：余永敏） 近日，记者从渭南市水务局获悉：截至目前，渭南市规模化供水工程覆盖农村人口比例达 71.48%，高于全国平均水平。 渭南市扎实推进农村供水"四个专项行动"，科学编制高质量发展规划，高起点推进城乡供水一体化 建设，全市农村自来水普及率达99.68%。"十四五"期间，华州大明水厂、潼关县人饮抗旱水源地等7处 集中供水工程相继建成，市级水利水质检测中心投用，供水水质安全得到进一步强化。 "十四五"以来，渭南市积极拓宽投融资渠道，累计落实水利建设资金143.03亿元，一批骨干水源工 程取得关键进展：东涧峪水库、龙首坝水库等重点工程开工建设；佛里水库等项目前期工作稳步推进。 ...

（来源：安庆新闻网） 转自：安庆新闻网 春节临近，返乡高峰与低温雨雪天气叠加，供水保障进入关键时期。全市水务系统将群众饮水安全放在 首位，紧紧围绕"隐患清零、应急全时、户户安全"目标，依托城乡供水一体化体系，统筹推进隐患排 查、物资储备、便民服务等各项工作，全力构筑春节供水安全屏障，确保全市人民度过平安祥和的新春 佳节。 全面开展隐患排查，针对低温雨雪及用水高峰，组织全市范围农村供水拉网式排查，目前已排查整改隐 患453处，覆盖88个乡镇;推进管网排污，从源头杜绝水质隐患，切实保障供水运行稳定、水质安全达 标;构建"线上+线下"宣传服务体系，通过张贴供水明白卡、设立公示牌、运营线上服务群、发放缴费卡 等方式，畅通供水信息渠道;设立县级服务电话与农村供水监督电话，保持24小时畅通。 市水务局同步建立供水应急专家支援机制，集聚专业力量，为各地应对突发供水事件提供技术指导与抢 修支援，保障问题高效稳妥处置。严格落实投诉快速响应机制，实现接诉即办、核查快处、回访跟进全 流程闭环管理，及时解决群众供水问题。 2月10日，记者从市水务局获悉，我市筑牢供水安全防线，全面抓实春节期间供水保障，目前已组建应 急抢修队伍74支， ...

N晚报记者 竺军伟 （来源：南湖晚报） 转自：南湖晚报 跟洪合镇相似，市本级其他部分乡镇也存在自来水管网压力不足的情况，对此，市自来水公司在2025年 累计改造了165个已建小区二次供水泵房，累计接收116个小区的二次供水泵房运维工作。另外，针对部 分乡镇自来水老旧管网因使用年限较长造成水压不稳的问题，去年，市自来水公司实施了乡镇老旧管网 改造项目63个，总长度57.76公里，让乡镇居民用上了水压更稳定的自来水。 水质安全关乎千家万户。市自来水公司相关负责人告诉记者，为保障供水安全，提升服务水平，市自来 水公司依托嘉兴市智慧供水平台，2025年共安装管网噪声监测设备2172套，主城区实现DN400口径以上 基本覆盖；智能消火栓累计改造2586套，主城区基本完成；企业流量监测设备累计安装5777个，居民智 能水表累计安装101311只，实现了渗漏预警、远传监测、二次供水"一屏统管"，精准捕捉隐患、实时掌 握状态，实现全流程智能化管控，数智赋能精准保障安全供水。 清水澄澄，润物无声。市自来水公司相关负责人表示，2026年，该公司将继续秉持"让群众满意，使政 府放心"宗旨，锚定"最优供水城市"目标，用一脉清流润泽千 ...

Fourth Quarter 2025 Financial Results February 4, 2026 2 . 3 | | Fourth Quarter | | | CY 2025 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | $ in millions | 4Q 2025 | 4Q 2024 | Change | $ in millions | CY 2025 | CY 2024 | Change | | Net Sales | $407 | $371 | 10% | Net Sales | $1,696 | $1,567 | 8% | | Growth from: | | | | Growth from: | | | | | Core (1) | | | 10% | Core (1) | | | 8% | | Adjusted EBITDA(1) | $104 | $91 | 14% | Adjusted EBITDA(1) | $442 | $390 | 13% | | % of Sales | 25.6% | 24.6% ...

Core Viewpoint - Badger Meter's stock has declined 10% following a disappointing Q4 earnings report, with sales falling short of Wall Street expectations, leading to a year-over-year decline of approximately 30% in stock value [1][2]. Financial Performance - For the full year, Badger Meter reported revenue growth of 11%, earnings per share (EPS) growth of 13%, and free cash flow (FCF) growth of 19% [1]. - In Q4, the company achieved $221 million in sales, which was $11 million below expectations, representing an 8% increase year-over-year and only a 2% increase on an organic basis [2][1]. Future Outlook - CEO Kenneth Bockhorst indicated that revenue growth may remain subdued until the second half of 2025, as several awarded projects are expected to begin multi-year turnkey deployments [3]. - The company anticipates that the current dynamics will persist through the first half of 2026 [3]. Valuation - Badger Meter's valuation has decreased from an average of 43 times FCF over the last five years to a more reasonable 26 times FCF, suggesting a potential buying opportunity for long-term investors [4]. Strategic Developments - The company is shifting towards tech-focused solutions, with Smart Cover, a 2025 acquisition, experiencing a 25% sales growth [6]. - Software-as-a-Service sales have increased by 27% and now account for nearly 10% of total sales [6].

Core Viewpoint - The company is actively addressing severe water supply challenges in Changshan County due to the impact of the "La Niña" phenomenon, which has resulted in warm and less rainy conditions since September 2025, leading to critical water shortages for residents [1] Group 1: Water Supply Challenges - Since September 2025, Changshan County has experienced warm and less rainy conditions, with 11 out of 47 water stations providing intermittent supply and 4 stations facing complete flow interruption [1] - The water supply situation is described as severe, prompting the company to implement emergency supply mechanisms to ensure water safety for urban and rural residents during the Spring Festival [1] Group 2: Emergency Measures - The company has completed the construction of 11 emergency deep wells and is optimizing water resource allocation across the county [1] - A systematic approach is being taken to upgrade old pipelines and implement intelligent leak detection, including the formation of a 7-member emergency repair team equipped with advanced pipeline inspection tools [1] - The company has conducted thorough inspections of 8 main pipelines, 20 residential areas, and 4 major parks, successfully eliminating over 20 potential hazards [1] Group 3: Support for Remote Areas - Temporary water supply points have been established in remote mountainous areas, with 5 emergency water delivery vehicles making over 100 free deliveries to residents' homes [1] Group 4: Cold Weather Preparedness - In addition to drought response, the company has initiated a cold weather emergency plan, providing insulation for 100 kilometers of exposed water pipes and over 10,000 water meters [1] - The implementation of these measures is progressing steadily, reinforcing the water supply safety barrier for urban and rural areas during the Spring Festival [1]

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]