Workflow
先河环保(300137) - 2024 Q4 - 年度财报

Financial Performance - The company reported a net loss attributable to shareholders of RMB 152,413,565.89 for the fiscal year 2024, primarily due to credit impairment and asset impairment provisions [5]. - The company's operating revenue for 2024 was ¥952,512,775.52, a decrease of 1.44% compared to ¥966,447,597.78 in 2023 [22]. - The net profit attributable to shareholders for 2024 was -¥152,413,565.89, representing a decline of 23.23% from -¥123,683,505.22 in 2023 [22]. - The net cash flow from operating activities for 2024 was -¥61,344,402.94, a significant decrease of 720.01% compared to ¥9,894,118.79 in 2023 [22]. - The total assets at the end of 2024 were ¥2,056,863,377.12, down 8.90% from ¥2,257,695,914.22 at the end of 2023 [22]. - The net assets attributable to shareholders at the end of 2024 were ¥1,626,794,227.01, a decrease of 8.52% from ¥1,778,374,362.40 at the end of 2023 [22]. - The company reported a basic and diluted earnings per share of -¥0.28 for 2024, a decline of 21.74% from -¥0.23 in 2023 [22]. - The weighted average return on equity for 2024 was -8.95%, compared to -6.72% in 2023, indicating a worsening performance [22]. - The company recorded a total of ¥5,295,219.54 in non-recurring gains and losses for 2024, down from ¥14,864,743.16 in 2023 [28]. Strategic Focus and Business Operations - The company's core business and competitive strengths have not experienced significant adverse changes, aligning with industry trends [5]. - The company continues to focus on its main business areas without major shifts in strategy [5]. - The company is focusing on enhancing its ecological environment monitoring capabilities as part of its strategic initiatives [31]. - The company maintains a strong market share in the conventional air monitoring market and has a complete product line in the grid monitoring market, supported by a professional expert team [34]. - The company has developed a comprehensive service model for ecological environment monitoring, integrating IoT and big data analysis to enhance data effectiveness [35]. - The company has launched a carbon emission management system and provides full-process services for carbon asset management, including carbon emission accounting and verification [36]. - The ecological brain solution aims to manage air pollution and greenhouse gas emissions, facilitating sustainable development through intelligent and digital management [36]. - The company is actively expanding its market presence through innovative environmental governance models and comprehensive service offerings [34]. Research and Development - The company holds a total of 385 patents and 392 software copyrights, showcasing its strong focus on technological innovation and R&D capabilities [42]. - The company has ongoing projects aimed at enhancing monitoring capabilities and improving product efficiency, which are expected to provide competitive advantages in the market [58]. - The company is developing an AI-assisted identification system for phytoplankton, which will automate and enhance the accuracy of phytoplankton sample analysis [59]. - The company has invested 10 million in R&D for new technologies, focusing on sustainable energy solutions [105]. - R&D investment amounted to ¥63,562,779.85 in 2024, representing 6.67% of operating revenue, down from 9.11% in 2023 [62]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholders' rights [86]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements [87]. - The company maintains independence from its controlling shareholder in terms of operations, personnel, assets, and finances [90]. - The company is undergoing a transition with several board members resigning and new appointments scheduled for September 2024 [94]. - The company is committed to transparency in its governance structure, as indicated by the detailed reporting of shareholdings and management changes [94]. Compliance and Regulatory Issues - The company faced administrative penalties from the China Securities Regulatory Commission, including a 1 million yuan fine for the chairman Zhang Jujun due to violations [111]. - The company received an administrative penalty of 1.4 million yuan for false disclosures in the 2022 annual report and an additional 500,000 yuan for failing to disclose structured deposit products, totaling 1.9 million yuan in fines [161]. - The company has engaged Lianda Accounting Firm for internal control audit services at a fee of 250,000 RMB, included in the total remuneration of 950,000 RMB [158]. - The company is actively addressing issues raised by the Shenzhen Stock Exchange, demonstrating responsiveness to regulatory scrutiny [180]. Shareholder Relations - The annual shareholders' meeting had an investor participation rate of 18.09% [92]. - The first extraordinary shareholders' meeting of 2024 had a participation rate of 36.15% [92]. - The company reported a total shareholding of 8,730,806 shares held by the co-president, Chen Rongqiang, with no changes during the reporting period [94]. - The company is preparing for the 2024 first extraordinary general meeting, indicating ongoing engagement with shareholders [180]. Social Responsibility and Community Engagement - The company provided RMB 35,000 in New Year relief funds and RMB 55,000 in educational assistance to students in Xihui Village, supporting long-term educational goals [144]. - The company actively supports local economic development and job creation through its operations [142]. - The company prioritizes the protection of supplier and customer rights, fostering long-term cooperative relationships [143]. Future Outlook - Future plans and performance forecasts mentioned in the report do not constitute commitments to investors, highlighting the need for risk awareness [5]. - The company plans to deepen market layout and enhance performance growth by focusing on big data and artificial intelligence applications in environmental monitoring [79]. - The company aims to enhance its technical capabilities and market competitiveness through ongoing innovation and market expansion in the environmental monitoring sector [61].