转自：每日经济新闻 文 | 每日经济新闻 陈晴 涉水行业基础设施数智化服务商中水三立数据技术股份有限公司（以下简称中水三立）近期向北交所递 交上市申请。 公司此次上市之旅可谓"箭在弦上"：若未能在2025年底前完成申报，实控人李兵或面临股东火花创投的 回购要求。 此次中水三立能否成功登陆北交所？从业绩来看，在2022年至2024年营收净利双增后，2025年前三季度 公司营收同比骤降19.09%，净利润亏损超2200万元。业绩剧烈波动背后，是其业务主要通过招投标方 式获取，这一模式下公司核心客户名单频繁更迭，业务根基难言稳固。 根据公司最新招股说明书（申报稿）（以下简称招股书），李静直接持有公司34.90%的股份并担任公 司董事长，李兵直接及间接合计控制公司40.13%的表决权并担任公司副董事长、总裁。二人通过直接 持股及控制投资平台，合计掌控公司75.03%的表决权，并签署了《一致行动人协议》。 兄弟二人持股比例旗鼓相当，若出现意见分歧谁来掌握决策权？根据双方协议约定，若无法就重大事项 达成一致，将以李兵的意见为准。这份协议有效期至公司上市后满60个月。 不过，这一安排并未打消外界的疑虑。1月底北交所下发的问 ...

Core Viewpoint - Zhongshui Sanli Data Technology Co., Ltd. (hereinafter referred to as "Zhongshui Sanli") has disclosed its IPO guidance progress report, indicating its ongoing efforts to prepare for an initial public offering with the assistance of Guoyuan Securities [1][3]. Group 1: Company Overview - Zhongshui Sanli started its IPO guidance on September 27, 2020, with the current guidance period set from January to March 2025 [3]. - The company is a digital service provider focused on water-related infrastructure, utilizing emerging technologies such as IoT, cloud computing, big data, artificial intelligence, GIS, and digital twins to create an integrated hardware and software platform [3]. - Its services include digital integration, software development, operation and maintenance services, and hardware sales, primarily targeting government departments, public institutions, and state-owned enterprises in sectors like water conservancy, water transport, water services, and water environment [3]. Group 2: Financial Performance - In 2024, Zhongshui Sanli achieved a revenue of 424.24 million yuan, representing a year-on-year growth of 0.38% [4][5]. - The net profit attributable to shareholders was 47.21 million yuan, reflecting a year-on-year increase of 22.65% [4][5]. - The gross profit margin improved to 34.69% from 30.26% in the previous year [5]. - Basic earnings per share rose to 0.87 yuan, up by 22.54% compared to the previous year [5]. Group 3: Shareholding Structure - The actual controllers of Zhongshui Sanli, Li Jing and Li Bing, collectively hold 75.03% of the voting rights, indicating a significant level of control [4][5]. - Li Jing, born on October 10, 1966, has held various positions in the company since its inception and currently serves as the Chairman [6][7]. - Li Bing, born on May 4, 1973, has extensive experience in management roles and currently serves as the Vice Chairman and CEO [8][9].