菲林格尔收入下降亏损扩大

Core Viewpoint - The company, Filinger (603226), reported a significant decline in revenue and an increase in losses for the fiscal year 2024, raising concerns about its financial health and governance practices [1][2]. Financial Performance - The company achieved a revenue of 336 million yuan, a year-on-year decrease of 14.86% [1] - The net profit attributable to shareholders was a loss of 37.31 million yuan, indicating an expanded loss compared to previous periods [1] Governance and Compliance Issues - The chairman, Jürgen V hringer, highlighted that the company had engaged in related party transactions amounting to 33.70 million yuan without proper approval from the shareholders' meeting [2] - The company has faced regulatory scrutiny from the Shanghai Securities Regulatory Bureau due to non-compliance with related party transaction procedures dating back to 2020 [2] Operational Challenges - The company reported increased fixed asset depreciation costs due to the operational status of its Danyang factory, contributing to the overall losses [3] - The company is experiencing a decline in production and sales of solid wood composite flooring and cabinetry, attributed to macroeconomic factors and intensified price competition [3] Cost Management and Future Plans - Sales and R&D expenses decreased, while management expenses rose by 32.25%, primarily due to increased depreciation from the Danyang factory [4] - The company plans to achieve a revenue target of 350 million yuan in 2025, representing a 4.10% year-on-year increase, with a focus on diversifying its product offerings and enhancing market presence [4]