Financial Performance - In 2024, the company reported operating revenue of 452 million yuan, a decrease of 6.49% year-on-year [1][2] - The net profit attributable to shareholders was -282 million yuan, compared to -97 million yuan in the previous year, reflecting a decline of 189.47% [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -253 million yuan, down from -93 million yuan, a decrease of 170% [1][2] - The net cash flow from operating activities was 59 million yuan, a decrease of 47.44% year-on-year [1][2] Q1 2025 Performance - In Q1 2025, the company achieved operating revenue of 108 million yuan, a decrease of 7.19% compared to the same period last year [3] - The net profit attributable to shareholders was -11.68 million yuan, an improvement from -20.94 million yuan year-on-year, showing a 44.24% reduction in losses [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -11.12 million yuan, a 60.39% improvement from -28.07 million yuan in the previous year [3] - The net cash flow from operating activities was 26 million yuan, a significant increase from -2.78 million yuan in the same period last year, representing a turnaround of 1,046.82% [3] Fundraising and Projects - The company raised a total of 369 million yuan, with a net amount of 328 million yuan after deducting issuance costs, which was 325 million yuan less than originally planned [4] - The initial fundraising plan was to raise 652 million yuan, with allocations for various projects including 424 million yuan for landfill gas utilization projects and 20 million yuan for working capital [4] - The company issued convertible bonds totaling 420 million yuan, with the funds intended for biogas utilization projects and working capital [5]