Ningshui Group: Vice President Chen Wei resigns due to personal reasons

NightAirdropper · 2026-03-01T11:00:16+00:00

Ningshui Group announced that Vice President Chen Wei has resigned from the positions of non-independent director and member of the board of directors due to personal reasons. He will continue to hold other positions after his resignation. This personnel change will not affect the normal operation of the board. The company's operating revenue and net profit from 2022 to 2024 have experienced fluctuations, facing certain risks.

NightAirdropper

2026-03-01 11:00:16

Abstract generation in progress

Radar Finance | Written by Yang Yang | Edited by Li Yihui

On February 27, Ning Shui Group (Stock Code: 603700) announced that Mr. Chen Wei, non-independent director and deputy general manager of the company, has resigned from his positions as a non-independent director of the ninth board of directors, member of the Nomination Committee, and deputy general manager due to personal reasons. After resigning, Mr. Chen Wei will continue to hold other positions within the company.

This personnel change will not affect the normal operation of the company’s board of directors, nor will it have a negative impact on the company’s compliance operations and daily management. The company has expressed gratitude for Mr. Chen Wei’s contributions during his tenure and will complete the relevant replacement procedures as soon as possible according to legal requirements.

According to Tianyancha, Ning Shui Group was established on January 1, 1958, with a registered capital of approximately 199.96 million RMB. The legal representative is Zhang Lin, and the registered address is No. 355 Hongxing Road, Jiangbei District, Ningbo, Zhejiang Province. Its main business includes the research, development, and manufacturing of water measurement products and the application of water industry IoT technology.

Currently, the company’s chairman is Zhang Lin, the secretary of the board is Ma Sui-rong, with 1,137 employees. The actual controllers are Zhang Shihao and Zhang Lin.

The company has stakes in 17 subsidiaries, including Shanghai Ning Shui Intelligent Technology Co., Ltd., Zhejiang Ning Shui Water Affairs Technology Co., Ltd., Changzi County Ning Shui Intelligent Technology Co., Ltd., Cixi Ning Shui Instrument Technology Co., Ltd., and Ningbo Xingyuan Instrument Technology Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was approximately 1.555 billion, 1.789 billion, and 1.501 billion RMB, respectively, with year-over-year changes of -9.45%, +15.06%, and -16.13%. Net profit attributable to the parent was about 126 million, 131 million, and 52.45 million RMB, with year-over-year growth rates of -46.30%, +3.86%, and -60.07%. During the same period, the company’s asset-liability ratios were 34.80%, 29.29%, and 29.56%.

Regarding risks, Tianyancha data shows the company has 18 internal Tianyan risks, 12 surrounding risks, 49 historical risks, and 168 warning alert risks.

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