本报讯 （记者刘欢）8月25日晚间，大禹节水集团股份有限公司（以下简称"大禹节水"）发布2025年半 年度报告。公司上半年实现营业收入12.76亿元，同比增长4.9%；归属于上市公司股东的净利润1259.41 万元。 报告期内，大禹节水通过高标准农田项目摸查整改专项行动，实现闭环销号管理，累计完成22个逾期项 目完工验收。此外，控股子公司北京慧图科技（集团）股份有限公司智慧化运维业务订单首次突破2000 万元。 报告期内，公司持续加大科研投入，在国家科研项目推进方面，按计划推荐农业农村部、科技部、甘肃 省科技厅等部门"高性能灌水器产品适配快速制造成套装备""粮食作物微灌节水丰产提质高效技术模式 与示范"等，共计10项。在新产品研究方面，声波增雨器核心设备升级，实现转台、喇叭、旋笛整体系 统集成。在技术改造方面，完成滴灌生产设备的设计、调试以及试运行，打破设备技术自主研发、升级 瓶颈，完成高精度模具加工及注塑工艺微灌装备全程数字化快速设计，有效提高设备产能和效率。 今年上半年，大禹节水紧扣国家加大水利建设投资力度的大趋势，深入推进转型升级战略，通过系统性 优化资源配置、精准调整营销策略、全方位重点跟踪重大项目实 ...

Core Viewpoint - Dayu Water-saving is a leading company in the domestic agricultural digital water conservancy industry, providing integrated solutions for water conservancy engineering, irrigation modernization, and environmental management [1] Group 1: Business Operations - The company engages in water conservancy engineering construction, irrigation modernization, high-standard farmland construction, water environment governance, rural sewage treatment, non-point source pollution control, and various agricultural water conservancy infrastructure operations [1] - Dayu Water-saving offers project planning, investment financing, research and development, construction delivery, digital intelligence, and operational maintenance services [1] Group 2: Technological Innovations - The company has advanced equipment technology and rich project experience in water-saving irrigation, allowing for customized intelligent irrigation system solutions based on client needs [1] - The "sonic rain-enhancing device," developed in collaboration with Tsinghua University, has been tested in several provinces, achieving positive results in inducing rainfall through enhanced cloud droplet movement [1] Group 3: Project Experience - Dayu Water-saving has undertaken various projects, including the modernization of the Longxing Temple Reservoir irrigation area in Baofeng County, the quality improvement project in Jiachuan, and the construction of high-standard farmland demonstration areas in Puyang and Huojia County [1] - The company has accumulated extensive experience in terraced hilly terrain construction projects and has developed a mature set of solutions [1]

Group 1: Policy and Market Environment - The Chinese government is increasing investment in agricultural water management, with plans to build 1.35 billion mu of high-standard farmland by 2030 and improve 280 million mu by 2035 [4] - The total investment in water conservancy construction has exceeded 1 trillion yuan annually for three consecutive years, reaching a historical high of 1.35 trillion yuan in 2024 [5] - The "soft construction" initiative is expected to significantly benefit private sector leaders in the industry, enhancing project organization and financing [5] Group 2: Company Performance and Financials - The company achieved a revenue of 4 billion yuan in 2024, benefiting from national policies promoting water conservation and agricultural modernization [6] - The company has maintained an order acquisition scale of 5 billion yuan for three consecutive years, ensuring revenue growth and performance certainty [6] - Operating cash flow for the company reached 597 million yuan, indicating strong financial health compared to industry peers [7] Group 3: Profitability Challenges - The average project gross margin has declined due to increased competition and a focus on market share over profit margins [6] - High operational costs, including sales and management expenses, have impacted net profit, although these costs are expected to stabilize [7] - The company anticipates a gradual recovery in industry gross margins, which will positively affect profitability [7] Group 4: Business Strategy and Future Outlook - The company plans to balance its revenue streams across three business segments: agricultural engineering, water information technology, and operational services, each targeting a one-third share [7] - The company is expanding its international presence, particularly in emerging markets along the Belt and Road Initiative, to mitigate risks and capture higher-margin opportunities [11] - The company is committed to technological innovation, with ongoing projects in smart irrigation and water resource management, including the development of a sound wave rain enhancement device [12]