Core Viewpoint - The company has received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, highlighting significant declines in revenue and the need for detailed explanations on various operational aspects [1]. Group 1: Business Performance - The company's revenue from high-end solid-liquid separation equipment was 117 million yuan, accounting for 62.70% of total revenue, which represents a year-on-year decline of 67.08% [1]. - Revenue from operational services and waste gas purification technology equipment was 12.72 million yuan, showing a year-on-year growth of 44.49% [1]. - The revenue contribution in the fourth quarter of 2024 was 28.18%, down from 39.14% in the same period last year [1]. Group 2: Client and Revenue Details - The company provided detailed information on its top five clients, including project names, sales amounts, and historical cooperation status, indicating significant changes in client relationships [2]. - The total revenue from the top five clients amounted to 115.17 million yuan, with varying contributions from each client [3]. - The company highlighted that its spare parts and maintenance services are primarily driven by past high-end solid-liquid separation equipment projects, leading to a mismatch in revenue trends compared to other business segments [5][6]. Group 3: Revenue Recognition and Accounting Policies - The company confirmed that its revenue recognition policies comply with relevant accounting standards, with income recognized upon completion of service obligations or delivery of goods [9][19]. - The average revenue recognition cycle for spare parts and maintenance services is predominantly within one year, accounting for 99.65% of projects [18]. - The company has not identified any significant discrepancies in the timing of revenue recognition over the past two years, indicating accurate income reporting [19]. Group 4: Market and Competitive Analysis - The company’s business model includes selling technical equipment, providing operational services, and offering customized energy-saving solutions, which are affected by market demand and competition [19]. - The significant decline in 2024 performance is attributed to macroeconomic fluctuations, industry downturns, and financial pressures on clients [19].
复洁环保: 关于上海证券交易所对公司2024年年度报告的信息披露监管问询函的回复公告