Company Overview - Ning Shui Group was established on January 1, 1958, and listed on the Shanghai Stock Exchange on January 22, 2019. The company is a leading manufacturer of water meters in China, focusing on the research, production, and sales of mechanical and smart water meters, with a strong technical foundation and full industry chain advantages [1] Financial Performance - As of Q3 2025, Ning Shui Group reported revenue of 1.202 billion yuan, ranking 10th among 61 companies in the industry. The top competitor, Chuan Yi Co., achieved 4.89 billion yuan in revenue, while the industry average was 655 million yuan [2] - The net profit for the same period was 75.267 million yuan, placing the company 20th in the industry. The leading company, Chuan Yi Co., had a net profit of 469 million yuan, with the industry average at 58.967 million yuan [2] Financial Ratios - The company's debt-to-asset ratio as of Q3 2025 was 32.03%, an increase from 28.64% in the previous year and above the industry average of 27.43% [3] - The gross profit margin for the same period was 20.58%, down from 22.10% year-on-year and below the industry average of 43.50% [3] Executive Compensation - The chairman, Zhang Lin, received a salary of 751,400 yuan in 2024, a decrease of 139,100 yuan from 2023. The general manager, Chen Xiang, earned 1,285,700 yuan, an increase of 6,000 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 18.22% to 14,900, while the average number of circulating A-shares held per shareholder increased by 22.27% to 13,600 [5] Future Outlook - According to Yongxing Securities, Ning Shui Group's performance in Q1 2025 was stable, with revenue of 266 million yuan, a year-on-year increase of 5.85%, and a net profit of 28 million yuan, up 141.62% year-on-year, primarily due to the disposal of a subsidiary. The company is expected to achieve revenues of 1.709 billion, 1.979 billion, and 2.329 billion yuan from 2025 to 2027, with corresponding net profits of 62 million, 73 million, and 88 million yuan [6]

Group 1 - The core viewpoint of the news is that Ningbo Water Meter (Group) Co., Ltd. has shown a significant increase in stock price and financial performance, indicating potential growth in the smart water meter market [1][2]. - As of September 4, the stock price of Ningbo Water Meter is 12.38 CNY per share, with a year-to-date increase of 26.17% and a market capitalization of 2.497 billion CNY [1]. - The company has experienced a net outflow of main funds amounting to 1.7015 million CNY, with a total trading volume of 16.3587 million CNY on the same day [1]. Group 2 - For the first half of 2025, Ningbo Water Meter achieved an operating income of 706 million CNY, representing a year-on-year growth of 10.44%, and a net profit attributable to shareholders of 53.6338 million CNY, up 76.83% year-on-year [2]. - The company has distributed a total of 527 million CNY in dividends since its A-share listing, with 159 million CNY distributed over the past three years [3]. - The main business revenue composition includes 55.55% from smart water meters, 36.53% from mechanical water meters, and 7.20% from water meter accessories and software [1].

Group 1 - The core viewpoint of the news is that Ningbo Water Meter Group Co., Ltd. has experienced fluctuations in its stock price and has shown significant growth in revenue and net profit for the first half of 2025 [1][2]. - As of September 3, the stock price of Ningbo Water Meter Group was 12.40 CNY per share, with a market capitalization of 2.501 billion CNY and a year-to-date increase of 26.38% [1]. - The company has a diverse revenue structure, with smart water meters accounting for 55.55% of its main business income, mechanical water meters 36.53%, and other products making up the remainder [1]. Group 2 - As of June 30, the number of shareholders for Ningbo Water Meter Group was 18,200, a decrease of 18.63% from the previous period, while the average circulating shares per person increased by 21.96% to 11,087 shares [2]. - For the first half of 2025, the company achieved operating revenue of 706 million CNY, representing a year-on-year growth of 10.44%, and a net profit attributable to shareholders of 53.63 million CNY, up 76.83% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 527 million CNY in dividends, with 159 million CNY distributed over the past three years [3].

Group 1 - Ningbo Water Meter (Group) Co., Ltd. experienced a stock price increase of 5.36%, reaching 12.78 CNY per share, with a trading volume of 1.06 billion CNY and a turnover rate of 4.20%, resulting in a total market capitalization of 25.78 billion CNY [1] - The company's main business involves the research, development, production, and sales of mechanical and smart water meters, with revenue composition as follows: smart water meters 55.55%, mechanical water meters 36.53%, water meter accessories, software, and others 7.20%, and other supplementary items 0.73% [1] Group 2 - Hai Fu Tong Fund has a significant holding in Ningbo Water Meter, with its Hai Fu Tong Quantitative Stock Mixed A Fund (021655) holding 5,800 shares, accounting for 0.6% of the fund's net value, ranking as the tenth largest holding [2] - The Hai Fu Tong Quantitative Stock Mixed A Fund has achieved a year-to-date return of 25.78% and a one-year return of 31.35%, with a total fund size of 1.8757 million CNY [2] - The fund manager, Li Ziwu, has a tenure of 2 years and 200 days, with the best fund return during this period being 74.03% and the worst being -17.45% [2]