Core Insights - The company, Shanghai Weipai Ge Smart Water Co., Ltd., reported a revenue of 1.24 billion yuan for the year 2024, representing a year-on-year decline of 12.51% [1] - The net profit attributable to shareholders was a loss of 212 million yuan, with net assets decreasing by 17.14% to 1.681 billion yuan compared to the previous year [1] - The company attributed the decline in revenue and gross margin to market conditions, with an increased focus on smart water and smart water plant businesses leading to longer project conversion cycles [1] Financial Performance - The net cash flow from operating activities was negative 162 million yuan, compared to a positive 24.96 million yuan in the previous year [2] - Since its listing in 2019, the company raised 959 million yuan in 2022, primarily for the smart water supply and drainage production R&D base project [2] - The construction progress of the smart water supply and drainage production R&D base project has been slowed down due to public health events, policy changes, market conditions, and overall project progress [2] Business Overview - Weipai Ge specializes in providing comprehensive smart water solutions from water sources to end-users, covering areas such as smart water supply, urban pipeline scheduling, and renovation of old community water supply systems [1]
威派格2024年归母净利润亏损2.12亿元