每经AI快讯，舜禹股份（SZ 301519，收盘价：13.99元）12月10日晚间发布公告称，公司第四届第六次 董事会会议于2025年12月10日在安徽省合肥市长丰县双凤经济开发区淮南北路8号公司会议室以现场结 合通讯的方式召开。会议审议了《关于控股子公司开展应收账款无追索权保理业务的议案》等文件。 2025年1至6月份，舜禹股份的营业收入构成为：污水处理占比50.28%，二次供水占比48.99%，其他业 务占比0.72%。 截至发稿，舜禹股份市值为23亿元。 每经头条（nbdtoutiao）——最新1520元，飞天茅台批价两年跌了43%，经销商躺赢神话破灭，当潮水 退去谁在裸泳？ （记者 王瀚黎） ...

Group 1 - The core point of the article is that Shunyu Co., Ltd. has won a bid for a significant environmental project in Anhui Province, with a contract value of approximately 1.023 billion yuan [1] - The company announced that it received a bid notification from Anhui Provincial Tendering Group Co., Ltd. on November 25, 2025, confirming its status as a winning bidder in a consortium with other companies [1] - For the first half of 2025, Shunyu's revenue composition was as follows: wastewater treatment accounted for 50.28%, secondary water supply for 48.99%, and other businesses for 0.72% [1] Group 2 - As of the report, Shunyu Co., Ltd. has a market capitalization of 2.4 billion yuan [2]

Group 1 - The core viewpoint of the news is that Shunyu Co., Ltd. has seen a stock price increase of 5.04%, reaching 14.38 yuan per share, with a total market capitalization of 2.361 billion yuan as of the report date [1] - Shunyu Co., Ltd. is primarily engaged in secondary water supply and wastewater treatment, with revenue contributions of 50.28% from wastewater treatment and 48.99% from secondary water supply [1] - The company was established on September 8, 2011, and went public on July 27, 2023, indicating its recent entry into the stock market [1] Group 2 - CITIC Prudential Fund's multi-strategy mixed fund (LOF) A has entered the top ten circulating shareholders of Shunyu Co., Ltd., holding 644,200 shares, which is 0.83% of the circulating shares [2] - The fund has achieved a year-to-date return of 40.98%, ranking 937 out of 8209 in its category, and a one-year return of 38.38%, ranking 886 out of 8129 [2] - The fund manager, Wang Ying, has been in position for 8 years and 284 days, with the fund's total asset size at 4.904 billion yuan [3]

每经头条（nbdtoutiao）——段睿：我与蔡磊是 "找钥匙的人"，纵使生前寻不到，也要为其他渐冻症患 者铺就近路 （记者 曾健辉） 每经AI快讯，舜禹股份（SZ 301519，收盘价：15.3元）11月18日晚间发布公告称，基于公司战略规划 及未来经营发展的需要，公司拟使用自有资金2000万元人民币，在海南设立全资子公司"海南舜禹水务 智算低碳有限公司"；公司拟使用自有资金1100万港元，在香港设立全资子公司"舜禹水务（香港）智算 有限公司"。 2025年1至6月份，舜禹股份的营业收入构成为：污水处理占比50.28%，二次供水占比48.99%，其他业 务占比0.72%。 截至发稿，舜禹股份市值为25亿元。 ...

Core Viewpoint - Shunyu Co., Ltd. is a national high-tech enterprise in the water industry, focusing on secondary water supply and wastewater treatment, while also developing smart management platforms [1] Company Overview - The company specializes in urban smart water supply and drainage, as well as wastewater treatment [1] - Currently, Shunyu Co., Ltd. does not engage in liquid cooling-related businesses [1]

Core Viewpoint - Shunyu Co., Ltd. has experienced a decline in stock price recently, with a year-to-date increase of 7.88% and a significant drop in net profit for the first nine months of 2025 [1][2]. Company Overview - Shunyu Co., Ltd. is located in Hefei, Anhui Province, established on September 8, 2011, and listed on July 27, 2023. The company primarily engages in secondary water supply and wastewater treatment [1]. - The revenue composition of Shunyu Co. includes 50.28% from wastewater treatment, 48.99% from secondary water supply, and 0.72% from other sources [1]. Financial Performance - For the period from January to September 2025, Shunyu Co. reported an operating income of 431 million yuan, a year-on-year decrease of 2.52%. The net profit attributable to the parent company was -19.33 million yuan, reflecting a significant year-on-year decline of 242.09% [1]. - As of September 30, 2025, the company had a total market capitalization of 2.375 billion yuan, with a trading volume of 6.2223 million yuan and a turnover rate of 0.54% [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Shunyu Co. was 11,500, a decrease of 0.92% from the previous period. The average circulating shares per person increased by 0.91% to 6,799 shares [1]. - The company has distributed a total of 48.7446 million yuan in dividends since its A-share listing [2]. - Notable institutional shareholders include CITIC Prudential Multi-Strategy Mixed Fund and Jianxin Flexible Allocation Mixed Fund, both of which are new entrants among the top ten circulating shareholders [2].

Core Insights - Shunyu Co., Ltd. reported a decline in revenue and net profit for the first three quarters of 2025, with total revenue at 431 million yuan, down 2.52% year-on-year, and a net loss of 19.33 million yuan, a decrease of 242.09% compared to the previous year [1][2] Financial Performance - The basic earnings per share for the reporting period was -0.12 yuan, with a weighted average return on equity of -1.31% [2] - The company's gross margin for the first three quarters was 33.76%, an increase of 0.93 percentage points year-on-year, while the net margin was -3.90%, a decrease of 6.82 percentage points [2] - In Q3 2025, the gross margin improved to 39.04%, up 8.61 percentage points year-on-year and 5.90 percentage points quarter-on-quarter, while the net margin was -7.26%, down 1.99 percentage points year-on-year and 10.74 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for Q3 2025 were 139 million yuan, an increase of 9.75 million yuan year-on-year, with an expense ratio of 32.14%, up 3.01 percentage points from the previous year [2] - Sales expenses decreased by 1.27% year-on-year, while management expenses increased by 2.51%, R&D expenses decreased by 1.33%, and financial expenses rose by 52.10% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 11,500, a decrease of 106 from the end of the previous half-year, representing a decline of 0.92% [2] - The average market value per shareholder increased from 194,800 yuan at the end of the previous half-year to 201,900 yuan, an increase of 3.64% [2] Company Overview - Anhui Shunyu Water Co., Ltd. is located in Hefei, Anhui Province, and was established on September 8, 2011, with its IPO on July 27, 2023 [3] - The company's main business includes secondary water supply and wastewater treatment, with revenue composition of 50.28% from wastewater treatment, 48.99% from secondary water supply, and 0.72% from other sources [3] - Shunyu Co. is classified under the environmental protection industry, specifically in water management and treatment [3]

Group 1 - Shunyu Co., Ltd. announced the convening of its fourth board meeting on September 29, 2025, to discuss the proposal for accounts receivable factoring business [1] - For the first half of 2025, Shunyu's revenue composition was as follows: wastewater treatment accounted for 50.28%, secondary water supply for 48.99%, and other businesses for 0.72% [1] - As of the report date, Shunyu's market capitalization was 2.3 billion yuan [1] Group 2 - The competition between Farmer and Yibao has intensified, with Farmer's green bottle launch leading to a nearly 5 percentage point drop in Yibao's market share [1]

Core Viewpoint - Shunyu Co., Ltd. has experienced a decline in stock price and trading volume, with significant changes in financing and shareholder structure, indicating potential challenges in its financial performance and market position [1][2]. Financing Summary - On September 23, Shunyu Co., Ltd. saw a financing buy-in of 3.69 million yuan, while financing repayment amounted to 4.30 million yuan, resulting in a net financing outflow of 619,400 yuan [1]. - The total financing and securities balance for Shunyu Co., Ltd. reached 42.05 million yuan, accounting for 4.03% of its market capitalization, which is below the 30th percentile level over the past year, indicating a low financing balance [1]. - The company had no shares sold short on September 23, with a short balance of 1,333 yuan, which is above the 50th percentile level over the past year, suggesting a relatively high short position [1]. Business Performance Summary - As of June 30, Shunyu Co., Ltd. reported a total revenue of 326 million yuan for the first half of 2025, reflecting a year-on-year growth of 6.36% [2]. - The company recorded a net profit attributable to shareholders of -10.53 million yuan, representing a year-on-year decrease of 151.25% [2]. - The main business revenue composition includes wastewater treatment at 50.28%, secondary water supply at 48.99%, and other services at 0.72% [1]. Shareholder Structure Summary - As of June 30, 2025, the number of shareholders for Shunyu Co., Ltd. was 11,600, a decrease of 2.01% from the previous period [2]. - The average number of circulating shares per shareholder increased by 2.04% to 6,737 shares [2]. - After its A-share listing, Shunyu Co., Ltd. has distributed a total of 48.74 million yuan in dividends [3].

Group 1 - The company Shunyu Co., Ltd. announced a share buyback program, having repurchased approximately 5.03 million shares, which accounts for 3.07% of its total share capital, with a total transaction amount of approximately 64.97 million RMB [2] - The highest transaction price during the buyback was 13.9 RMB per share, while the lowest was 11.86 RMB per share [2] Group 2 - For the fiscal year 2024, the company's revenue composition is as follows: 54.65% from secondary water supply, 44.42% from wastewater treatment, and 0.93% from other businesses [2]