Financial Performance - The company's operating revenue for Q1 2025 was ¥68,538,910.50, a decrease of 38.62% compared to ¥111,668,808.48 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥750,786.92, an improvement of 95.91% from a loss of ¥18,355,578.04 in the previous year[4] - The net loss for the current period is CNY -5,463,730.72, compared to a net loss of CNY -17,969,974.57 in the previous period, showing an improvement of approximately 69.6%[19] - The weighted average return on net assets was -4.46%, an improvement from -86.20% in the previous year[4] Cash Flow - The cash flow from operating activities showed a significant increase, reaching ¥11,804,701.17, compared to a negative cash flow of ¥11,633,847.92 in the same period last year, marking a 201.47% improvement[4] - Net cash inflow from operating activities was $11,804,701.17, compared to a net outflow of $11,633,847.92 in the previous period[21] - Cash outflow from operating activities totaled $100,598,685.42, compared to $117,930,397.28 in the previous period[21] - Cash and cash equivalents at the end of the period amounted to $38,095,276.18, up from $6,840,278.23 at the end of the previous period[22] - The net increase in cash and cash equivalents was ¥33,487,324.23, a 390.36% increase compared to a decrease of ¥11,532,893.67 in the same period last year[9] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,049,380,780.12, reflecting a slight increase of 0.37% from ¥1,045,535,173.20 at the end of the previous year[4] - The total liabilities amount to CNY 965,618,471.88, slightly up from CNY 956,309,134.24, reflecting a marginal increase of about 0.1%[18] - The total current assets amount to 451,475,776.42 RMB, an increase from 443,848,101.16 RMB in the previous period[14] - The total non-current assets amount to 597,905,003.70 RMB, slightly decreased from 601,687,072.04 RMB in the previous period[14] - The total non-current liabilities decreased to CNY 12,023,121.47 from CNY 15,840,513.59, reflecting a decline of approximately 24.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,440[10] - The largest shareholder, Farshun Hongsheng Group Co., Ltd., holds 26.82% of shares, totaling 112,502,486 shares[11] - The second-largest shareholder, Jiangyin Yaobotaibang Enterprise Management Partnership, holds 13.57% of shares, totaling 56,946,224 shares[11] - The company has no preferred shareholders as of the reporting period[12] - There are no significant changes in the top 10 shareholders' participation in margin trading[11] - The company does not have any related party relationships among the top 10 shareholders[11] Expenses - Research and development expenses decreased by 47.07% to ¥1,198,554.19, primarily due to reduced investment in R&D in the environmental business segment[8] - The company reported a significant decrease in financial expenses by 49.97% to ¥7,951,840.42, mainly due to reduced interest on borrowed funds[8] - Total operating costs amount to CNY 89,039,803.57, down from CNY 127,973,352.59, indicating a reduction of about 30.5%[18] Investment Income - The company reported a significant increase in investment income of ¥11,283,513.58, attributed to the recovery of bad debt provisions related to a cable customer[8] - The company reported an investment income of CNY 11,283,513.58 for the current period, with no prior period data available for comparison[18] - Cash received from investment income was $11,283,513.58, while cash recovered from investments was $25,000,000.00 in the previous period[21] Audit Information - The company did not undergo an audit for the first quarter report[23]

Financial Performance - The company's operating revenue for 2024 was ¥312,269,052.36, a decrease of 29.97% compared to ¥445,930,483.14 in 2023[17]. - The net profit attributable to shareholders for 2024 was -¥105,932,594.97, representing a decline of 1,026.25% from a profit of ¥11,436,764.24 in 2023[17]. - The net cash flow from operating activities was ¥114,955,260.93, down 38.60% from ¥19,280,864.79 in 2023[17]. - The total assets at the end of 2024 were ¥1,045,535,173.20, a decrease of 32.33% from ¥1,545,068,555.38 at the end of 2023[17]. - The company's net assets attributable to shareholders decreased by 43.48% to ¥17,222,267.02 at the end of 2024 from ¥30,472,298.03 at the end of 2023[17]. - Basic earnings per share for 2024 were -¥0.25, a decline of 933.33% from ¥0.03 in 2023[17]. - The company reported a significant increase in the net profit attributable to shareholders after deducting non-recurring gains and losses, improving by 61.31% to -¥105,935,557.30 in 2024 from -¥273,799,972.97 in 2023[17]. - The weighted average return on equity was -2,303.38% in 2024, a decrease of 2,339.31% from 35.93% in 2023[17]. Business Challenges and Strategies - The company faced significant challenges in its environmental business due to a substantial drop in government investment, leading to delays in new projects and long payment cycles for existing projects[37]. - The company is expanding its environmental business into new areas, including construction waste classification and treatment of high-salinity water from coal mines, with several projects already initiated[30][37]. - The metal products business is focusing on increasing equipment utilization rates and overcoming high maintenance costs to stabilize operations[36]. - The company is adapting to external economic changes and is committed to improving operational quality through various measures[36]. - The metal products industry is experiencing structural overcapacity, with a shift towards high-end products, while the environmental industry is driven by policy and technological upgrades[27][28]. Revenue Breakdown - Revenue from metal products was ¥224,678,987.63, accounting for 71.95% of total revenue, down 10.74% year-over-year[39]. - Environmental business revenue dropped to ¥87,590,064.73, representing 28.05% of total revenue, a significant decline of 54.90% compared to the previous year[39]. - Domestic sales accounted for 99.25% of total revenue at ¥309,928,492.89, down 30.14% from ¥443,630,004.29 in 2023[39]. Research and Development - The company has invested in R&D for advanced technologies in waste treatment, holding several national patents, particularly in the V-MVR+VP technology for leachate treatment[33]. - Research and development expenses decreased by 28.65% to ¥8,452,730.50 compared to ¥11,846,902.31 in 2023[48]. - The number of R&D personnel decreased by 16.67% from 30 in 2023 to 25 in 2024[50]. Environmental Responsibility - The company updated its pollution discharge permit in January 2025, valid until January 15, 2030[117]. - The company has established a wastewater treatment station, ensuring that production wastewater meets standards before being sent to a centralized treatment facility[119]. - The company conducts manual monitoring of emissions at least three times per year for various pollutants, including nitrogen oxides and sulfur dioxide[121]. - The company has established an emergency rescue command team led by the general manager to handle environmental emergencies, with regular drills and training to improve response plans[125]. Corporate Governance - The company has established a robust internal control system and governance structure to ensure compliance with regulations and protect shareholder interests[81]. - The company has maintained independence from its controlling shareholders in terms of personnel, assets, finance, and operations, ensuring autonomous decision-making[82]. - The company held several shareholder meetings with participation rates around 40% to 41% during the reporting period, reflecting active shareholder engagement[85]. - The company’s independent directors include professionals from various industries, enhancing governance and oversight[87]. Related Party Transactions - The company engaged in related party transactions, including raw material purchases totaling 1,506.74 million yuan, accounting for 100% of similar transactions[153]. - The company has established fair pricing principles for related party transactions based on market prices[153]. - The company has a commitment to ensure that any unpaid amounts are settled by February 28, 2025, or face legal enforcement[150]. Legal Matters - The lawsuit involving Dalian Guotaiyuan Environmental Technology Co., Ltd. has an amount in dispute of 23,104,061.06 CNY, with an estimated liability of 2,674.62 CNY recorded in the 2023 annual report[145]. - The court ruled against Guotaiyuan's appeal, maintaining the original judgment, which is now final[145]. - The company has incurred legal costs amounting to 200 yuan, which will be borne by the defendant within seven days of the judgment taking effect[147]. Future Outlook - The company plans to enhance its profit distribution system to strengthen investor dividend return mechanisms[134]. - The company aims to explore opportunities for industrial cooperation and seeks mergers and acquisitions to improve operational performance, targeting a positive development in business performance by 2025[72]. - Future guidance indicates a commitment to maintaining growth in revenue and profitability[155].

江苏法尔胜股份有限公司（以下简称"公司"）于 2025 年 3 月 12 日召开第 十一届董事会第十七次会议，审议通过《关于公司债权转让暨关联交易的议案》， 同意公司与江苏法尔胜缆索有限公司（以下简称"缆索公司"）签署《债权转让 协议》，公司将享有的对广东省公路建设有限公司虎门二桥分公司等到期应收账 款债权本金 12,106,924.68 元转让给缆索公司，该债权本金缆索公司应于协议签 订之日起十个工作日内向公司全额支付。具体内容详见公司于巨潮资讯网披露的 《关于公司债权转让暨关联交易的公告》（公告编号：2025-010）。 二、进展情况 证券代码：000890 证券简称：法尔胜 公告编号：2025-011 江苏法尔胜股份有限公司 关于公司债权转让暨关联交易的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、基本情况 1、银行电子回单 特此公告。 江苏法尔胜股份有限公司董事会 2025 年 3 月 15 日 截至本公告日，公司已收到缆索公司支付的债权转让款 12,106,924.68 元， 缆索公司已按照与公司签订的《债权转让协议》所约定内容，完成 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-010 江苏法尔胜股份有限公司 关于债权转让暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 近日，江苏法尔胜股份有限公司（以下简称"公司"）拟将享有的对广东省 公路建设有限公司虎门二桥分公司等到期应收账款债权本金 12,106,924.68 元 转让给江苏法尔胜缆索有限公司（以下简称"缆索"）。现将相关事项具体公告如 下： 一、债权基本情况 本次应收账款为原公司控股子公司缆索对外经营所产生的债权，缆索于 2017 年转让给江苏法尔胜路桥科技有限公司，但该债权并未随之一同剥离，为 盘活债权资产，提高资金流动性，现公司与缆索协商将该笔债权转让给缆索。 为此，经协商一致，甲乙双方自愿共同签订如下协议： 一、自本协议签订之日起，甲方将"转让债权"一次性转让给乙方。本协议 一旦签订，即视为甲方已将该"转让债权"全部转让给了乙方，乙方即享有该"转 让债权"的全部权利。 该事项已经公司第十一届董事会第十七次会议审议通过，在会议审议过程中， 关联董事进行了回避表决，本事项无需提交公司股东大会审议。 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-009 江苏法尔胜股份有限公司 第十一届董事会第十七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、江苏法尔胜股份有限公司（以下简称"公司"）第十一届董事会第十七 次会议通知于 2025 年 3 月 3 日以传真、电子邮件和电话等方式发出。 2、本次董事会会议于 2025 年 3 月 12 日（星期三）下午 14:00 在本公司二 楼会议室召开，会议采用现场结合通讯表决的方式。 3、本次董事会会议应出席的董事人数为 11 人，实际出席会议的董事人数 11 人。 4、本次董事会由本公司董事长陈明军先生主持，全体监事和高级管理人员 列席了会议。 5、本次董事会会议的召开符合《公司法》、《公司章程》及有关法律、法 规的规定。 二、董事会会议审议情况 经与会董事认真讨论，本次会议审议通过如下事项： 三、备查文件 1、公司第十一届董事会第十七次会议决议； 2、公司 2025 年独立董事专门会议审核意见。 特此公告。 （一）审议通过《关于公司债权转让暨关联交易的议案》 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-008 江苏法尔胜股份有限公司 关于控股子公司《民事调解书》履行完毕的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 截至公告日，公司不存在应披露而未披露的重大诉讼仲裁事项。 四、对公司的影响 西安市固体废弃物处置中心已履行了调解书中的付款义务，由于前期公司已 对应收款计提部分坏账准备，此次调解预计将对公司 2024 年度利润产生部分积 极影响，具体影响金额及会计处理以审计机构年度审计确认结果为准。 五、备查文件 《民事调解书》相关支付凭证。 特此公告。 一、协议的签署情况 江苏法尔胜股份有限公司（以下简称"公司"）控股子公司大连广泰源环保 科技有限公司（以下简称"广泰源"）就西安市固体废弃物处置中心《江村沟垃 圾渗滤液处理应急工程项目》与西安航城建筑工程有限责任公司、开能智慧能源 有限公司、西安航空航天建工集团有限公司建设工程施工合同纠纷，经陕西省西 安市灞桥区人民法院主持调解，自愿达成《调解协议》。具体内容详见公司在巨 潮资讯网披露的《关于控股子公司收到《民事调解书》的公告》（公告编号：2 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-007 江苏法尔胜股份有限公司 关于审计机构变更签字注册会计师的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 江苏法尔胜股份有限公司（以下简称"公司"）于 2024 年 4 月 24 日召开第 十一届董事会第九次会议，审议通过了《关于续聘会计师事务所的议案》，公司 同意继续聘请中兴财光华会计师事务所（特殊普通合伙）（以下简称"中兴财光 华"）为公司 2024 年度财务报表和内部控制的审计机构，上述议案已经 2024 年 5 月 20 日召开的 2023 年年度股东大会审议通过。具体内容详见公司 2024 年 4 月 26 日披露于巨潮资讯网的《关于续聘会计师事务所的公告》（公告编号：2024- 023）。 近日，公司收到中兴财光华《关于变更江苏法尔胜股份有限公司签字会计师 的函》，具体情况如下： 一、签字注册会计师变更情况 中兴财光华作为公司 2024 年度财务报告及内部控制审计机构，原委派孙国 伟、杨王森为签字注册会计师为公司提供审计服务。鉴于原签字注册会计师孙国 伟工作调整，现委派杨王森 ...

江苏世纪同仁律师事务所 关于江苏法尔胜股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：江苏法尔胜股份有限公司： 2、贵公司董事、监事、董事会秘书、经理及其他高级管理人员出席或列席 了会议。 本所及本所律师根据贵公司的委托，就贵公司 2025 年第二次临时股东大会 （下称"本次股东大会"）的有关事宜，根据《中华人民共和国证券法》《中华 人民共和国公司法》和《上市公司股东大会规则》等相关法律、法规和规范性文 件(下统称"相关法律法规")以及《江苏法尔胜股份有限公司章程》（下称"《公 司章程》"）的有关规定，出具本法律意见。 为出具本法律意见之目的，本所律师出席了贵公司本次股东大会，并根据现 行法律、法规的有关规定及要求，按照律师行业公认的业务标准、道德规范和勤 勉尽职精神，对贵公司提供的与本次股东大会召开有关的文件和事实进行了核查 和验证，在此基础上，本所律师对法律意见出具之日及以前所发生的事实发表法 律意见如下： 一、关于本次股东大会的召集和召开 本次股东大会由贵公司董事会召集。 2025 年 1 月 23 日贵公司董事会在巨潮资讯网和《证券时报》《中国证券报》 发布召开本次股东大会的通知，定于 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-006 江苏法尔胜股份有限公司 2025 年第二次临时股东大会决议公告 （1）现场会议召开时间：2025 年 2 月 10 日下午 14:00。 （2）网络投票时间：2025 年 2 月 10 日。其中： ①通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 2 月 10 日上午 9:15～9:25，9:30～11:30，下午 13:00～15:00； ②通过深圳证券交易所互联网投票的具体时间为：2025 年 2 月 10 日 9:15～ 15:00 期间的任意时间。 4.召开地点：江苏省江阴市澄江中路 165 号江苏法尔胜股份有限公司二楼会 议室。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、会议召开和出席情况 （一）会议召开情况 1.江苏法尔胜股份有限公司（以下简称"公司"或"本公司"）于 2025 年 1 月 23 日以公告形式发布了《关于召开 2025 年第二次临时股东大会的通知》。 2.召开方式：现场投票及网络投票相结合的方式。 3.召开时间： 5.召集人：公司董事会 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-004 江苏法尔胜股份有限公司 关于召开 2025 年第二次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 江苏法尔胜股份有限公司（以下简称"公司"）于 2025 年 1 月 22 日召开的 第十一届董事会第十六次会议审议通过了《关于为控股子公司银行综合授信提供 担保的议案》。公司定于 2025 年 2 月 10 日召开 2025 年第二次临时股东大会，现 将有关事宜通知如下： 一、召开会议基本情况 1、股东大会届次：2025 年第二次临时股东大会 2、召集人：本公司董事会 第十一届董事会第十六次会议审议通过了《关于召开 2025 年第二次临时股 东大会的议案》。 3、董事会认为本次股东大会召开符合有关法律、行政法规、部门规章、规 范性文件和公司章程的规定，合法、合规。 4、现场会议召开时间：2025 年 2 月 10 日下午 14:00 网络投票时间：2025 年 2 月 10 日。其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 2 月 10 日 ...