Group 1 - The company responded to the severe situation posed by Typhoon Haikui, the 18th typhoon of the year, by stating that it has "rapidly responded, made early deployments, and strictly prepared" for the typhoon's defense [2]

Core Viewpoint - The company Shun Control Development (003039) stated on September 24 that the number of shareholders will be disclosed in the regular reports as required [1] Group 1 - The company responded to investor inquiries on an interactive platform [1]

Core Viewpoint - Guangdong Shunkong Development Co., Ltd. held an online performance briefing where management addressed various investor concerns, emphasizing their commitment to timely information disclosure and operational efficiency [1][2]. Group 1: Business Development - The company will focus on water services, promoting integrated urban and rural water supply, enhancing wastewater treatment efficiency, and expanding water environment governance and industrial wastewater treatment [2]. - In the environmental protection sector, the company will concentrate on improving the quality of garbage power generation and transfer station projects, while also advancing investments in new energy projects [2]. - The packaging and printing business will continue to strengthen its core competitiveness, aiming to become a leading green packaging and printing enterprise in the region [2]. - The company is establishing a technology innovation platform to enhance research and development efforts [2]. Group 2: Shareholder and Market Management - The company has implemented several measures for market value management, including improving operational efficiency and reducing costs to support stable performance [2]. - The company has actively pursued acquisitions of controlling stakes in companies such as Shunhe Environmental Protection and Qingneng Environment to expand its upstream and downstream business [2]. - A proactive profit distribution policy has been implemented, with cumulative cash dividends from 2022 to 2024 expected to account for approximately 122% of the average annual net profit attributable to shareholders during the same period [2]. - The company is enhancing investor relations management to improve the timeliness and compliance of information disclosure, fostering better communication with the market [2].

Group 1: Investor Relations Activities - The company held an investor relations event on September 19, 2025, from 14:00 to 17:00, via an online platform [2] - The event included a performance briefing for investors and addressed various questions raised by them [2] Group 2: Company Performance and Strategy - The company is focused on sustainable high-quality development, enhancing business outreach, and expanding into water environment governance and industrial wastewater treatment [3] - The company aims to strengthen its core competitiveness in the packaging and printing sector while actively responding to national dual carbon policies [3] Group 3: Shareholder Engagement and Market Stability - The company has implemented a profit distribution policy, with cumulative cash dividends from 2022 to 2024 expected to account for approximately 122% of the average annual net profit attributable to shareholders during that period [3] - The company emphasizes the importance of investor relations management, enhancing information disclosure, and ensuring compliance to protect investors' rights [3] Group 4: Stock Price and Market Factors - The company acknowledges that stock price fluctuations are influenced by various factors and commits to improving its operational efficiency and information disclosure [3] - The company has not disclosed any negative news that could impact stock performance and does not have plans to withdraw from the market [3]

Core Viewpoint - The financial performance of Shun Control Development (003039) for the first half of 2025 shows a mixed result with revenue growth but declining profit margins and increasing receivables [1] Financial Performance Summary - Total revenue for the first half of 2025 reached 1.053 billion yuan, a year-on-year increase of 23.45% compared to 845 million yuan in 2024 [1] - Net profit attributable to shareholders was 122 million yuan, up 1.03% from 121 million yuan in the previous year [1] - Gross margin decreased to 40.42%, down 4.77% year-on-year, while net margin fell to 17.68%, a decline of 14.94% [1] - The total of selling, administrative, and financial expenses was 138 million yuan, accounting for 13.08% of revenue, a slight decrease of 0.03% [1] - Accounts receivable increased significantly by 54.94%, reaching 1.003 billion yuan [1] Cash Flow and Investment Summary - The net cash flow from financing activities saw a substantial change of 80.66%, attributed to a greater decrease in cash outflows compared to inflows [3] - Cash and cash equivalents increased by 37.15%, influenced by the issuance of medium-term notes and the allocation of 350 million yuan for working capital and 130 million yuan for dividends [4] - Research and development expenses rose by 66.65%, reflecting increased investment in R&D activities [4] Debt and Asset Management Summary - Interest-bearing liabilities increased by 46.54%, reaching 2.83 billion yuan [1] - The ratio of cash to current liabilities stands at 48.83%, indicating potential liquidity concerns [7] - The interest-bearing asset-liability ratio has reached 36.99%, highlighting the company's debt levels [7] - Accounts receivable to profit ratio is at 373.79%, suggesting a high level of receivables relative to profit [7]

Group 1 - The core business of the company includes water supply and sales, waste incineration power generation, and related engineering services, with revenue contributions of 37.55% from water supply, 28.57% from waste incineration, 15.62% from packaging printing, 7.22% from sewage treatment, 6.37% from engineering, and 4.67% from other services [2] - As of June 30, the company reported a revenue of 1.053 billion yuan, representing a year-on-year growth of 23.45%, and a net profit attributable to shareholders of 122 million yuan, with a growth of 1.03% year-on-year [2] - The company has distributed a total of 460 million yuan in dividends since its A-share listing, with 305 million yuan distributed over the past three years [3] Group 2 - On August 26, the company's stock price increased by 0.91%, with a trading volume of 139 million yuan, and a net financing purchase of 4.51 million yuan [1] - The financing balance as of August 26 was 85.18 million yuan, accounting for 0.96% of the market capitalization, which is above the 60th percentile of the past year [1] - The company had a short selling balance of 36.59 million yuan, which is above the 70th percentile of the past year, indicating a relatively high level of short selling activity [1]

Core Viewpoint - The financial performance of Shun Control Development (003039) for the first half of 2025 shows a mixed result with revenue growth but declining profit margins and increasing receivables [1] Financial Performance Summary - Total revenue for the first half of 2025 reached 1.053 billion yuan, a year-on-year increase of 23.45% compared to 0.853 billion yuan in 2024 [1] - Net profit attributable to shareholders was 122 million yuan, up 1.03% from 121 million yuan in the previous year [1] - Gross margin decreased to 40.42%, down 4.77% year-on-year, while net margin fell to 17.68%, a decline of 14.94% [1] - Accounts receivable increased significantly by 54.94%, reaching 1.003 billion yuan [1] - The company’s total liabilities with interest rose by 46.54% to 2.83 billion yuan [1] Cash Flow and Investment Summary - Cash and cash equivalents increased by 157.82%, attributed to a significant net inflow from financing activities [4] - Research and development expenses rose by 66.65%, indicating a focus on innovation and development [4] - The net cash flow from financing activities saw an increase of 80.66%, reflecting a reduction in cash outflows compared to inflows [4] Debt and Receivables Analysis - The company’s debt situation is concerning, with interest-bearing debt ratio reaching 36.99% [7] - The ratio of accounts receivable to profit stands at 373.79%, indicating potential liquidity issues [7] - The company’s cash flow from operations is under scrutiny, with cash and cash equivalents covering only 48.83% of current liabilities [7]

证券代码：003039 证券简称：顺控发展 公告编号：2025-041 广东顺控发展股份有限公司 关于注销参股子公司暨关联交易的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 广东顺控发展股份有限公司（以下简称"顺控发展"或"公司"）持有 广东天瑞德新材料有限公司（以下简称"天瑞德"）26%股权。为进一步优化资 源配置及优化国资国企改革，经天瑞德三方股东友好协商，一致同意对天瑞德进 行注销，并由天瑞德清算组负责办理后续的清算、注销等相关事宜。 鉴于公司副总经理梁伟峰先生在天瑞德担任董事，根据《深圳证券交易 所股票上市规则》的有关规定，天瑞德系公司关联法人，本事项构成关联交易。 （二）主要财务信息 单位：万元 | 项目 | 2024年12月31日 （经审计） | 2025年7月31日 （未经审计） | | --- | --- | --- | | 资产总额 | 2,064.69 | 2,044.80 | | 负债总额 | 165.06 | 140.46 | | 净资产 | 1,899.62 | 1,904.34 | | 项目 | 年度 202 ...

2025 年半年度财务报告 广东顺控发展股份有限公司 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：广东顺控发展股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 843,982,802.64 | 615,383,176.61 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 7,370,411.47 | 5,398,190.43 | | 应收账款 | 1,003,124,461.35 | 864,779,710.50 | | 应收款项融资 | 9,791,739.28 | 14,270,911.74 | | 预付款项 | 6,529,042.18 | 7,095,642.28 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 ...

一、本次计提资产减值准备情况概述 根据《企业会计准则》和公司会计政策的相关规定，公司对合并报表范围内 的应收账款、其他应收款、存货等进行了全面清查，本着谨慎性原则，公司对截 止 2025 年 6 月 30 日合并报表范围内存在减值迹象的资产进行了减值测试，计提 2025 年半年度信用减值损失 4,974.51 万元与资产减值损失 379.64 万元，合计占 公司最近一个会计年度经审计归属于母公司所有者净利润的 19.95%。 证券代码：003039 证券简称：顺控发展 公告编号：2025-040 广东顺控发展股份有限公司 关于 2025 年半年度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 二、本次计提资产减值准备具体说明 公司 2025 年半年度资产减值损失计提情况如下： 单位：万元 | 项目 | 2025 年 1-6 月计提减值准备金额 （负数表示转回或转销） | | --- | --- | | 信用减值损失 | 4,974.51 | | 其中：应收账款减值损失 | 4,747.91 | | 其他应收款减值损失 | 226.60 ...