LFBC(SZ:002513) Shang Hai Zheng Quan Bao·2025-04-29 14:24Core Viewpoint - The company, Jiangsu Lanfeng Bio-chemical Co., Ltd., reported a net loss of approximately 25.25 million yuan for the year 2024, while its revenue increased by 2.96% to approximately 179.31 million yuan, indicating a challenging operational environment due to industry pressures and competitive pricing in the photovoltaic sector [4][10][30]. Financial Performance - The company achieved a total revenue of 179,314.10 thousand yuan in 2024, marking a 2.96% increase compared to the previous year [4]. - The net profit attributable to shareholders was -25,250.08 thousand yuan, which represents a reduction in losses by 7,975.97 thousand yuan compared to the previous year [4]. - Total assets at the end of the reporting period were 341,883.42 thousand yuan, a 0.57% increase year-on-year, while total liabilities decreased by 1.36% to 310,625.48 thousand yuan [4]. - The equity attributable to shareholders increased by 29.01% to 3,253.69 thousand yuan [4]. Business Segments - The company operates primarily in two segments: agrochemical and photovoltaic new energy [4]. - In the agrochemical sector, the company focuses on the research, production, and sales of efficient, low-toxicity pesticides, fungicides, and herbicides, maintaining its market position despite industry challenges [5]. - In the photovoltaic sector, the company is advancing its N-type TOPCon technology to enhance battery efficiency and expand its market presence, although it faces significant pressure from declining product prices and increased competition [7]. Profit Distribution Plan - The company plans not to distribute cash dividends, issue bonus shares, or increase capital reserves due to negative retained earnings and a net loss for the year [10][12]. - The board believes that this decision aligns with the company's operational performance and future development strategy, ensuring sufficient funds for ongoing operations and projects [10][12]. Audit and Compliance - The company has proposed to reappoint Gongzheng Tianye Accounting Firm as its auditor for the year 2025, following a satisfactory performance in the previous audit [14][26]. - The audit firm has a strong track record and is deemed capable of meeting the company's auditing needs [15][25]. Financing and Guarantees - The company intends to apply for a comprehensive credit limit of up to 3 billion yuan from financial institutions for operational needs, with certain directors providing guarantees without charging fees [31][35]. - This financing strategy is aimed at supporting the company's strategic goals and ensuring operational continuity [36][40].