Dayu Water-Saving 2026 Interim Report: Design Qualifications Deliver Dividends, Cash Flow Is the Core Test

Earnings
โดย 于智慧农水项目建设·CN·Read original
Summary · why it matters

Dayu Water-Saving Group released its 2026 interim report on August 25. Relying on a design-led, full-industry-chain collaborative model, the company achieved breakthroughs in smart water conservancy and ecological governance, with steady revenue expansion and significantly improved asset quality. However, affected by one-off factors such as goodwill losses from the sale of equity in a subsidiary, net profit attributable to the parent turned negative, while non-recurring profit and loss excluded net profit maintained slight growth, and operating cash flow remained in net outflow. During the reporting period, the company achieved operating revenue of 1.586 billion yuan, up 24.27 percent year on year. Net profit attributable to the parent was negative 1.1079 million yuan, down 108.80 percent year on year. Non-recurring profit and loss excluded net profit was 4.4138 million yuan, up 1.55 percent year on year. Net cash flow from operating activities was negative 569 million yuan, with the net outflow widening 3.59 percent year on year. Among these, revenue from agricultural water design services was 360 million yuan, a sharp year-on-year increase of 306.84 percent, with a gross margin of 36.81 percent, mainly benefiting from the completed integration of Huai'an Water Conservancy Survey and Design Research Institute and the highlighted advantages of its double Class A design institute qualifications. Revenue from smart agricultural water project construction was 937 million yuan, up 13.28 percent year on year, with a gross margin of 17.53 percent. Revenue from agricultural water technology product sales was 139 million yuan, down 36.67 percent year on year. New contracts signed in the first half totaled 2.166 billion yuan. On the profit side, the company transferred part of its equity in the holding subsidiary Huitong Technology, recognizing investment income of negative 19.2347 million yuan. Combined with factors such as gains and losses on disposal of non-current assets, this caused net profit attributable to the parent to swing from profit to loss. Looking ahead, with the start of the 15th Five-Year Plan, national water network construction, modernization of irrigation districts, and the building of digital twin water conservancy systems will bring a certain incremental market. However, attention should be paid to risks from intensifying industry homogenization, accounts receivable management caused by longer project payment collection cycles, and the impact of raw material price fluctuations on gross margins.

Impact on stocks 1

Others▲ · 1 stocks

Theme Impact 1

Off-coverage companies 2

淮安水利勘测设计研究院Private▲ Positive
Demandrelevance

Revenue from agricultural water design services surged 306.84% due to integration and double Class A qualifications.

北京慧图科技（集团）股份有限公司Private± Mixed
relevance

Related news

impact 4

El Niño drags India's rainfall 15% below average, raising risk of driest monsoon in 17 years

India's meteorological department has reported that an intensifying El Niño is putting India at risk of its driest monsoon season in 17 years, after cumulative rainfall from June to September came in 15% below the long-term average. That could weigh on agricultural output and further stoke food inflation, which climbed to 5.95% in August. The report said that if dry conditions persist, this year's monsoon will be the weakest since 2009, when rainfall was 18% below normal, potentially affecting both the current harvest and the next planting cycle. Food costs rose for a seventh straight month in August. The meteorological office had forecast in May that rainfall this season would be 10% below normal. Christian Werner, managing director of the consultancy Global Weather Climate Analytics in Australia, said weather conditions could favor cyclone formation in the Bay of Bengal in the final week of September, which may help bring critically needed rain to eastern and northeastern India and ease drought conditions there. Adequate monsoon rainfall is crucial for the hundreds of millions of Indian farmers who rely on seasonal rains to grow their crops, with India among the world's largest producers of rice, sugar and cotton.
Climate Adaptation & Water ▼
InfoQuest·1dRead more →
▲

Terradot and Google Launch Largest Enhanced Rock Weathering Project in Southern Brazil

Terradot and Google announced a megaton-scale climate project in Southern Brazil that pairs methane avoidance in rice farming with permanent carbon dioxide removal, marking Google's largest carbon removal purchase to date. Google will purchase 1M tonnes of near-term methane impact by 2030 and 1M tonnes of carbon removal impact by 2040, delivering 1M tonnes of impact by 2030. The project is the largest enhanced rock weathering project ever undertaken and the first of any kind to combine near-term methane elimination with durable carbon removal at this scale. Terradot will help rice farmers across more than 200,000 hectares starting in Rio Grande do Sul adopt Alternate Wetting and Drying, an irrigation practice that periodically drains flooded paddies to cut water use and sharply reduce methane, while spreading naturally sourced crushed volcanic rock on farmland to generate durable carbon removal. Terradot CEO James Kanoff said the project eliminates the trade-off between moving fast on near-term warming and removing carbon permanently, and Google Head of Carbon Removal Randy Spock said the agreement is built to be a template rather than a one-off. As part of the project, Google is providing an R&D grant to Terradot and to Stanford Doerr School's Soil & Environmental Biogeochemistry Lab to strengthen the scientific foundation of AWD as a methane mitigation strategy.
GOOG ▲
Carbon Removal (DAC) ▲Climate Adaptation & Water ▲
Business Wire·2dRead more →
▲2

Cabinet approves 15-billion-baht national disaster insurance scheme covering 30 million households

Today's cabinet meeting (Sept 15) was chaired by Deputy Prime Minister and Transport Minister Phiphat Ratchakitprakarn on behalf of Prime Minister and Interior Minister Anutin Charnvirakul, who is on a trip to the Socialist Republic of Vietnam. The Interior Ministry is seeking approval for a total budget framework of 15 billion baht to buy natural disaster insurance under the national disaster insurance programme, and is proposing three types of policy covering floods, windstorms and earthquakes, for 30 million households, with a one-year coverage period from 1 October 2026 to 1 October 2027, to ease the burden of risk on the state, which spends tens of billions of baht a year on relief for disaster victims. Meanwhile, the Ministry of Agriculture and Cooperatives is seeking approval for a project to improve the irrigation system in the lower Chao Phraya basin and the lower eastern side, with a budget of about 95 billion baht, using loans from the Asian Development Bank, or ADB, together with the national budget. The Transport Ministry, for its part, is proposing to cancel the item for construction of the ministry's new headquarters building, which was tied to the budgets for 2026 to 2028, effectively delaying the construction plan. Attention is also on proposals to appoint and transfer senior officials at several ministries to fill positions left vacant by retirements on 30 September this year.
Climate Adaptation & Water ▲
Money & Banking·4dRead more →
© 2026 MarketDXNews