以下文章来源于财经三分钟 ，作者杨瑞 财经三分钟 . 哪吒汽车的母公司合众新能源，在9月12日首次债权人大会上揭开了残酷家底：账面可动用资金仅 1500万元，却要面对51亿元已确认债权，另有 上千 家债权人申报了 约 260亿元欠款。 4 亿中产财经资讯平台，专注深度财经商业报道。由财经媒体人杨瑞团队执笔，出品《广州租售同 权》、《北京学区房多校划片》、《国家抢占人工智能制高点》等多篇千万级刷屏文章。 ---------------------------------- 作者：杨瑞 来源：财经三分钟 9月10日起，全国46万哪吒车主陆续发现车机断网： 导航成离线地图、倒车影像失灵，甚至有人因 蓝牙连不上只能爬天窗开门。 更荒诞的是，4S店早已人去楼空 。 这场"无妄之灾"的真相藏在一场罗生门里。哪吒汽车控诉联想懂的通信"单方面断供"，后者却甩出 欠费清单："数月催款无果，只能终止服务"。 最终买单的是车主——曾经承诺的"终身免费流量"成泡影，每月5.9元的流量包成了不得不交的"赎 身费"。 ▲ 图源：微博 其实， 断网只是资金链断裂的冰山一角。 欠薪更触目惊心。5000多名员工被拖欠工资、补偿金合计4.6亿元 ...

Core Viewpoint - Beijing Jiuzhou Yigui Environmental Technology Co., Ltd. has initiated a lawsuit against China Railway Third Bureau Group Co., Ltd. for a total claim of 27,536,595.21 yuan, which includes overdue payment losses and associated legal costs [2][3][4]. Group 1: Lawsuit Details - The lawsuit has been accepted by the People's Court of Fangshan District, Beijing, and is currently in the pre-trial stage [2][3]. - The company is the plaintiff in this case, seeking payment for outstanding debts related to a contract for the supply of materials for the Beijing Subway Line 16 project [3][4]. - The total amount claimed includes 22,795,784.48 yuan in unpaid principal and additional overdue payment losses calculated at a rate of 4.5% per annum from February 6, 2022, to September 15, 2025 [5]. Group 2: Financial Impact - The lawsuit is not expected to affect the company's normal production and operations [2][6]. - The company has already made provisions for bad debts according to accounting standards, and the recovery of these receivables could positively impact its financial results [5][6]. - The actual financial impact of the lawsuit remains uncertain and will depend on the court's ruling [6]. Group 3: Other Legal Matters - As of the announcement date, the company has no other significant undisclosed litigation or arbitration matters [7].

深圳商报·读创客户端记者 梁佳彤 9月11日，据北交所官网，弥富科技（浙江）股份有限公司（下称"弥富科技"）发布首轮问询回复，关联方销售金额增幅较大、与阿雷蒙发生专利权纠纷等 情况被监管层聚焦。 | 代码 | 874649 | | --- | --- | | 公司全称 | 弥富科技(浙江) 股份有限公司 | | 审核状态 | 已问询 | | 保荐机构 | 中信建投证券股份有限公司 | | 会计师事务所 | 天健会计师事务所(特殊普通合伙) | | 律师事务所 | 浙江京衡律师事务所 | | 评估机构 | | 招股书显示，弥富科技成立于2016年，公司主营业务为汽车流体管路系统关键零部件以及导轨等其他塑料零部件的研发、生产及销售，主要产品包括流体管 路系统快插接头、通类接头、阀类等连接件、管夹等紧固件、传感器以及导轨等塑料产品，产品可适用于新能源汽车及传统燃油汽车等领域。 关联方销售金额增幅较大 对亏损客户应收账款上涨 2022年至2024年（下称"报告期"），弥富科技分别实现营收1.38亿元、2.02亿元、2.73亿元；归母净利润为3634.18万元、5816.74万元、7622.42万元，同比上 涨46.0 ...

充电储能类产品，作为公司压舱石业务，上半年实现营收68.16亿元，同比增长37%，占总营收比重达 52.97%。其中，Anker SOLIX系列新增F3800 Plus 家庭备电、Solarbank 3 Pro阳台光伏储能等产品，在北 美、欧洲户外储能市场的份额进一步提升，成为增长主力。 安克创新。 IC供图 近日，安克创新发布2025年半年报。财报数据呈现"业绩亮眼与风险隐现"的双重特征——营收与净利润 双双实现超33%增长，展现出强劲的业务扩张能力；但经营现金流净额同比暴跌234.58%成负值、存货 与应收账款增加等财务指标，也暴露出公司在资金管理、库存周转等的潜在压力。 营利双增 三大业务板块协同发力 研发投入增49% 公司上半年核心财务数据表现亮眼，安克创新上半年实现营业总收入128.67亿元，较上年同期的96.48亿 元大幅增长33.36%；实现净利润11.67亿元，同比增长33.8%，较上年同期的8.72亿元有显著提升。 一方面，为应对海外关税政策调整与下半年销售旺季需求，公司提前备货导致采购支付现金大幅增加， 叠加员工薪酬上涨（核心研发与销售团队扩张），经营性现金支出同比增幅超过40%。外界此前 ...

Summary of Key Points Core Viewpoint The A-share environmental industry continues to face significant challenges with accounts receivable, which remains a major obstacle to its development, despite efforts to improve collection practices. Group 1: Accounts Receivable Overview - As of June 30, 2025, 115 listed environmental companies reported total accounts receivable of 156.26 billion, averaging approximately 1.3565 billion per company, which is consistent with the end of 2024 figures [1] - The total accounts receivable for 157 A-share environmental companies at the end of 2024 was 213.9 billion, with an average of 1.36 billion per company [1] - The company with the highest accounts receivable is BWS, amounting to 12.3789 billion, a slight decrease from 12.3995 billion in the previous reporting period [1] Group 2: Collection Efforts and Challenges - Since 2025, environmental companies have intensified their efforts to recover accounts receivable, with some taking legal action against large corporate or government clients [2] - Companies like Wande and Jindalai have implemented targeted collection policies and performance evaluation mechanisms to enhance cash recovery [2] - Despite these efforts, companies acknowledge that if the overall economic environment does not improve, there may be risks of bad debts or extended collection periods, adversely affecting operational funding and performance [2]

Core Viewpoint - The company, Suzhou Hanchuan Intelligent Technology Co., Ltd., is involved in a legal dispute with Jiangxi Hualiyuan Lithium Energy Technology Co., Ltd. regarding unpaid equipment payments, with a first-instance judgment recently issued by the court [1][2][5]. Group 1: Lawsuit Overview - The lawsuit is at the first-instance judgment stage, with the company as the plaintiff [1]. - The total amount involved in the lawsuit includes a principal amount of CNY 91,046,327.13 and a penalty of CNY 364,564.67, along with legal fees of CNY 150,000 and property preservation fees of CNY 36,636, totaling CNY 91,597,527.8 [1][2]. - The company initiated the lawsuit to protect its rights and interests after the defendant failed to pay for delivered equipment as per the contract [2][5]. Group 2: Judgment Details - The court ordered the defendant to pay CNY 48,326,447.71 for equipment and overdue interest, calculated at a daily rate of 0.01% from June 29, 2024, with a maximum additional payment of CNY 848,145.12 [1][4]. - The defendant is also required to pay CNY 100,768 for legal and property preservation fees, with a deadline of fifteen days post-judgment [4]. - The company is responsible for a portion of the case acceptance fee and property preservation fee, totaling CNY 504,797.64, with specific amounts allocated to each party [4]. Group 3: Impact on the Company - The first-instance judgment's execution remains uncertain, and its impact on the company's current and future profits is contingent on subsequent developments [2][5]. - As of June 30, 2025, the company has made provisions for bad debts amounting to CNY 32,179,592.93 in accordance with accounting standards [5]. - The company maintains stable operations and views the lawsuit as a legitimate action to safeguard its interests, preparing for a potential appeal [5].

【文/观察者网 肖宇 编辑/陶立烽】 近日，江西一上市公司子公司状告当地政府一事，引发外界关注。 8月4日，江西金达莱环保股份有限公司（简称"金达莱"，股票代码：688057.SH）发布公告称，其控股 子公司万安县金源水业有限公司（简称"金源水业"）因项目兜底补偿款被拖欠，已将万安县政府告上法 庭，吉安市中级人民法院已受理此案。 金达莱公告指出，本案涉案金额（含兜底补偿款及利息）暂定为4080万元。核心争议则源于万安县金泰 源产业园PCB污水处理厂特许经营事项。 PCB污水即多氯联苯废水，是印制电路板生产过程中产生的各类废水，属于持久性有机污染物。电子信 息产业是万安县工业发展的主导产业之一，产能占全省的1/4。金泰源产业园则是万安电子电路板产业 园两大运营商之一。 江西金达莱环保股份有限公司 关于子公司提起诉讼的公告 公告显示，目前案件已立案暂未开庭，作为原告的金源水业为金达莱控股子公司。对于此次诉讼对上市 公司的影响，金达莱表示，因案件尚未开庭，对公司当期及期后利润的影响具有不确定性，最终实际影 响以法院判决为准。 8月5日，金达莱董事会办公室相关人士告诉华夏时报记者，前期与政府协商无果，综合考虑双方情况 ...

Group 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]

Overview of Business Performance - The company demonstrated a robust growth trend in the first half of 2025, with total revenue reaching 3.224 billion yuan, a year-on-year increase of 19.8% [1] - The net profit attributable to shareholders was 486 million yuan, up 32.03% year-on-year, while the net profit excluding non-recurring items was 462 million yuan, reflecting a 32.87% increase [1] - In Q2 alone, total revenue was 1.763 billion yuan, representing a 23.12% year-on-year growth, with net profit attributable to shareholders at 253 million yuan, an increase of 27.74% [1] Key Financial Indicators - Gross margin stood at 36.68%, a decrease of 0.76% year-on-year, while net margin increased by 10.98% to 17.34% [4] - Earnings per share rose to 0.62 yuan, a 31.91% increase year-on-year, and net assets per share increased by 4.87% to 7.69 yuan [4] - Operating cash flow per share was 0.99 yuan, up 21.33% year-on-year [4] Cost and Expense Management - The ratio of selling, general, and administrative expenses to revenue was 7.96%, a decrease of 12.86% year-on-year, with total expenses amounting to 257 million yuan [4] - The company maintained good profitability and cost control in the first half of 2025, although accounts receivable and debt levels require further attention [3] Asset and Liability Overview - Cash and cash equivalents amounted to 689 million yuan, a significant increase of 45.86% year-on-year [4] - Accounts receivable reached 2.479 billion yuan, up 16.72% year-on-year, representing 297.94% of the latest annual net profit, indicating a need to monitor collection risks [4] - Interest-bearing debt was 3.86 billion yuan, a 2.41% increase year-on-year, with an interest-bearing asset-liability ratio of 28.9%, necessitating attention to debt repayment capacity [4] Main Business Composition - Revenue from chip electronic components was 3.196 billion yuan, accounting for 99.13% of total revenue, with a gross margin of 36.67% [4] - Domestic sales generated 2.714 billion yuan, representing 84.19% of total revenue, while export sales contributed 510 million yuan, or 15.81%, with a higher gross margin of 40.72% [4]

Core Viewpoint - Despite maintaining positive net profit growth over the past two years, the company Huanlan Environment (600323.SH) has faced continuous revenue decline since 2023, with revenue drops of 5.22% in 2024 and 4.24% in Q1 2024, failing to meet its revenue targets for the year [1][2] Revenue Performance - In 2024, Huanlan Environment achieved revenue of 11.886 billion yuan, a year-on-year decline of 5.22%, while net profit attributable to shareholders was 1.664 billion yuan, an increase of 16.39% [2] - In Q1 2024, the company reported revenue of 2.601 billion yuan, down 4.24% year-on-year, with a corresponding net profit of 420 million yuan, up 10.26% [2] - The revenue decline in Q1 was primarily due to a decrease in PPP project income and a drop in sanitation business revenue [2] Business Segment Analysis - The solid waste treatment segment, which constitutes over half of the company's revenue, has seen a continuous decline, with Q1 2024 revenue of 1.31 billion yuan, down 8.52% year-on-year [4] - The engineering and equipment business within the solid waste segment has significantly underperformed, with a revenue drop of 29.76% in Q1 2024 [4] - The energy business, as the second core segment, generated revenue of 840 million yuan in Q1 2024, a decrease of 1.62% [5] Accounts Receivable and Debt Situation - As of the end of Q1 2024, the company's accounts receivable stood at approximately 4.21 billion yuan, significantly exceeding its revenue for the same period, with a receivable turnover period of 146.4 days [6] - The company has a short-term debt of about 5.9 billion yuan, while cash on hand is only 1.982 billion yuan, indicating a short-term funding gap of nearly 4 billion yuan [7] - Huanlan Environment's total liabilities reached 24.11 billion yuan, with a debt-to-asset ratio of 59.43% [7] Strategic Moves - The company has recently completed the privatization of Guangdong Feng Environmental Power Co., Ltd., involving a merger loan of 6.1 billion yuan [1][7] - Huanlan Environment's growth strategy has heavily relied on acquisitions, which has contributed to its high debt levels [7]