北交所第一股坐实巨亏前 董事长辞职

Core Viewpoint - Xiamen Guoqi Luqiao Information reported a significant loss in its 2025 mid-year financial results, marking the first loss since its public reporting began in 2013, following the resignation of its chairman just days prior [2][4][8]. Financial Performance - Revenue for the first half of 2025 was 30.44 million yuan, a decrease of 54% compared to the previous year [4]. - Net profit showed a loss of 24.89 million yuan, a decline of 368% [4]. - The company had a peak profit of 36.66 million yuan in 2022, indicating a drastic downturn in performance [4]. Business Operations - The decline in performance was attributed to delays in key project implementations and ineffective collection of accounts receivable [10]. - The company operates four main business segments, with significant revenue drops: rail transit revenue was just over 2 million yuan (down 84%), road and urban traffic revenue was 6.37 million yuan (down 67%), and smart parking revenue was 18.52 million yuan (down 37%) [10]. Shareholder Structure - The controlling shareholder is Xiamen State-owned Information Group, with the second-largest shareholder being another state-owned enterprise, Luqiao Group [6]. Cash Flow and Assets - Accounts receivable remained high at 254.24 million yuan, accounting for 51% of total assets, despite a 13% decrease [11]. - Cash flow from operating activities was negative at -37 million yuan, a decrease of over eight times compared to the previous period [12]. - Inventory increased significantly by 81% to over 45 million yuan, while accounts receivable bills surged nearly 35 times [11][12].