Taihe(605081) Zheng Quan Shi Bao Wang·2025-04-27 09:49Group 1 - The core viewpoint of the article highlights that Taihe Water (605081) reported a significant decline in revenue and net profit for the year 2024, leading to a risk warning for its stock due to financial losses [1] - In 2024, Taihe Water achieved an operating income of 103 million yuan, a year-on-year decrease of 43.53%, and a net profit attributable to shareholders of -334 million yuan [1] - The company faced multiple challenges, including reduced investment demand in the water environment governance industry, difficulties in client cash flow, and impairment provisions for receivables and goodwill [1] Group 2 - Despite the challenges, the water environment governance industry has good development opportunities supported by national policies, although it also faces macroeconomic and competitive pressures [2] - Taihe Water is committed to a development strategy focused on maintaining existing volume, increasing new volume, and seeking variable growth, while actively responding to market changes [2] - The company has developed a comprehensive technical system for water environment ecological governance, including patented methods and technologies for ecological restoration [2] Group 3 - In the drinking water business, Taihe Water has integrated resources and launched new high-end products to meet diverse consumer needs [3] - Recently, the controlling shareholder, He Wenhui, transferred 12% of the company's shares to Beijing Xinxin, making it the new controlling shareholder with 18% voting rights [3] - Looking ahead, Taihe Water plans to enhance its systematic governance approach and explore the integration of ecological governance outcomes with urban development and industrial upgrading [3]