04,17,2026 42 views
【instrumentInternet industry financial report】On the evening of April 16th, Ningshui Group (603700. SH) released its 2025 annual report, which showed a comprehensive recovery in the company's operating performance during the reporting period, with a significant increase in core profit indicators, demonstrating strong operational resilience and development vitality.
Image source: Announcement from Ningshui Group
The core financial data of the annual report showed impressive performance. In 2025, the company achieved a revenue of 1.743 billion yuan, a year-on-year increase of 16.18% compared to 1.501 billion yuan in 2024, successfully reversing the downward trend of revenue in the previous year and achieving a steady recovery; The profitability has significantly improved, achieving a net profit attributable to shareholders of the listed company of RMB 93.3489 million, a year-on-year increase of 78.09%, far exceeding the revenue growth level. The net profit attributable to shareholders of the listed company after deducting non recurring gains and losses was RMB 48.4336 million, a year-on-year increase of 22.88%. The profitability of the main business has continued to recover, and the basic earnings per share have also increased to RMB 0.47.
The significant growth in the company's performance is mainly driven by the improvement of its main business and the return on asset disposal. In terms of main business, the company has accurately grasped the opportunity of periodic meter replacement in the water meter industry, and has increased its development efforts in key areas such as Shanghai, Ningbo, and Shenzhen in the domestic market. It has won multiple contracts worth tens of millions of yuan, among which the winning amount of water meter procurement projects in Shanghai has exceeded 100 million yuan, becoming the core pillar of domestic business growth; The internationalization strategy has achieved significant results in overseas markets, with steady expansion of export business and the formation of a "domestic+overseas" dual wheel drive pattern. At the same time, the product structure continues to be optimized,Smart Water MeterAs a core product, it contributed 53.62% of the main business revenue,mechanical water meterAccounting for 36.85%, emerging businesses such as smart water solutions are also steadily developing. In terms of non recurring gains and losses, during the reporting period, the company transferred 100% equity of its subsidiary Cixi Ningshui Instrument Technology Co., Ltd., generating approximately 40.6743 million yuan in investment income, directly driving the high growth rate of net profit attributable to the parent company.
Against the backdrop of improved performance, Ningshui Group actively gives back to its investors. The board of directors has proposed a profit distribution plan for 2025, which plans to distribute a cash dividend of 3 yuan (including tax) per 10 shares to all shareholders based on 198 million shares after deducting repurchased shares from the total share capital. The total planned cash dividend is approximately 59.4469 million yuan, significantly increasing the dividend intensity compared to the "10 dividends of 2 yuan" in 2024, demonstrating the company's stable cash flow situation and substantial returns to shareholders. The plan still needs to be submitted to the company's 2025 annual shareholders' meeting for approval.
Looking ahead to the future, Ningshui Group will continue to adhere to the policy of "focusing on one industry, refining and strengthening", focusing on the core business of smart water management, continuously promoting technological innovation and market expansion, consolidating its industry position, and creating greater value for shareholders.
Risk Warning: This article is based on the announcements and public information of listed companies and does not constitute investment advice. The market is risky, and investment needs to be cautious.
