Houpu Clean Energy (SZ:300471) Zheng Quan Shi Bao Wang·2025-05-28 00:59Core Viewpoint - The company faces significant legal challenges, including a recent court ruling that requires it to pay over 56.7 million yuan in damages, which may impact its future performance [1][2][3]. Legal Issues - The company’s subsidiary, Thickpu Engineering, was ordered by the court to pay 56.7 million yuan in damages and to dismantle certain project facilities due to a lawsuit from Ling Shi Tong Yi [1][2]. - The court ruling also allows for an appeal, and the company plans to pursue legal action to protect its rights [3]. - In addition to the Ling Shi Tong Yi case, Thickpu Engineering is involved in another legal dispute regarding a construction contract, with a claim of 20 million yuan against it [4]. Financial Performance - The company reported a net loss of 82.39 million yuan in 2024, a decline of 17.38% year-on-year, with total assets decreasing by 6.65% to 2.234 billion yuan [6]. - Over the past five years, the company has accumulated losses totaling 444.5 million yuan [4]. - The company’s revenue for 2024 was 630 million yuan, down 32.67% from the previous year [6]. Business Operations - Thickpu Engineering provides comprehensive solutions in the clean energy equipment sector, covering various applications including natural gas and hydrogen [5]. - The company has strategically optimized its customer base, leading to a decline in revenue as it chose to forgo less profitable orders [6]. - The aviation parts manufacturing segment experienced a significant revenue drop of 54.09% in 2024, attributed to increased fixed costs and production adjustments [7].