JDL(SH:688057) Mei Ri Jing Ji Xin Wen·2025-08-05 08:14Group 1 - The company Jin Dalai's subsidiary, Wan'an Jin Yuan Water Industry Co., Ltd., has filed an administrative lawsuit against the Wan'an County People's Government for overdue project compensation amounting to approximately 40.8 million yuan [1][3] - The cooperation between Wan'an Jin Yuan and the Wan'an County People's Government began in December 2016, with an agreement for the operation of a sewage treatment project, which included a guarantee for cost compensation in case of annual losses due to insufficient sewage treatment [2][3] - Jin Dalai has only received compensation for the years 2017, 2018, and part of 2019, with the remaining compensation from 2019 to 2024 still unpaid, leading to the current lawsuit [3] Group 2 - As of the end of 2024, Jin Dalai's total accounts receivable reached 1.192 billion yuan, with over 800 million yuan aged over one year, and 341 million yuan of these receivables have been provisioned for bad debts [4][7] - The company has emphasized the importance of strengthening accounts receivable management to mitigate cash flow risks, implementing strict controls throughout the project lifecycle and taking legal action when necessary [7] - In the first quarter of 2025, Jin Dalai reported a revenue of 84.7 million yuan, a slight increase of 1.55% year-on-year, and a net profit of 49.1 million yuan, reflecting a 25.56% increase, attributed to improved cash collection [7]