Core Viewpoint - The company, Shui Fa Gas Co., Ltd., has revised its half-year performance forecast for 2025, indicating a significant expected loss compared to the previous forecast [2][5]. Group 1: Performance Forecast - The company anticipates a net loss attributable to shareholders of between -57.91 million yuan and -61.91 million yuan for the first half of 2025 [2][5]. - The forecasted net profit, excluding non-recurring gains and losses, is expected to be between -12 million yuan and -16 million yuan [2][5]. Group 2: Previous Forecast Comparison - The prior forecast, issued on July 15, 2025, estimated a net loss of between -8 million yuan and -12 million yuan [4]. - The previous forecast also projected a net profit, excluding non-recurring gains and losses, of between -12 million yuan and -16 million yuan [4]. Group 3: Reasons for Revision - The revision is primarily due to a court ruling related to a technology infringement case, where the company is liable for damages amounting to 49.91 million yuan [10][11]. - The company had not accounted for the impact of this ruling in its earlier forecasts, as the judgment was not yet issued at that time [10][11].

Core Viewpoint - The significant discrepancies in the earnings forecast and earnings report of HeDa Technology necessitate regulatory investigation to uncover potential issues related to internal controls and market manipulation [1][4]. Group 1: Earnings Forecast and Adjustments - On January 24, HeDa Technology announced an expected net profit of approximately 5 million to 7 million yuan for 2024, indicating a turnaround from losses [2]. - The company later revised its forecast on March 31, correcting the expected net profit to -563.6 million yuan, a decrease of 1,092.78 million yuan, representing a decline of 206.50% [2]. - The final annual report confirmed the net profit of -563.61 million yuan, consistent with the revised forecast [2]. Group 2: Stock Price Movements - HeDa Technology's stock price rose from 9.72 yuan on January 13 to a peak of 16.16 yuan on March 7, marking a significant increase of 66.26%, which outperformed the Shanghai Composite Index's 9.49% rise during the same period [3]. - Following the earnings correction, the stock price fell to a low of 9.86 yuan by April 9, reflecting a decline of 38.99%, which was substantially greater than the Shanghai Composite Index's 11.58% drop [3]. Group 3: Investor Impact and Regulatory Need - The fluctuations in HeDa Technology's stock price resulted in unintended gains for investors during the initial rise and subsequent losses during the decline, closely tied to the company's earnings announcements [4]. - The potential for market manipulation, insider trading, and information leakage raises concerns that cannot be resolved solely by the company's response, highlighting the necessity for regulatory investigation [4].

Core Viewpoint - The company has revised its 2024 annual performance forecast, indicating a net profit of 13.65 million yuan, which represents a turnaround from a loss in the previous year [6][8]. Financial Data Summary - The company reported a net profit attributable to shareholders of 13.65 million yuan for 2024, compared to a loss of 22.77 million yuan in the previous year [8]. - The expected operating revenue for 2024 is between 25 million yuan and 30 million yuan, with actual revenue reported at 29.45 million yuan [7][8]. - The net profit after deducting non-recurring gains and losses is 2.29 million yuan, which is lower than the previously forecasted range [8]. Shareholder Information - The company has not reported any changes in the number of shareholders or significant changes in the top ten shareholders during the reporting period [3]. Legal Matters - The company faced a lawsuit against its former chairman for failing to collect significant receivables, with a claim for damages amounting to approximately 141.66 million yuan [11]. - The court ruled against the company, dismissing all claims and ordering the company to bear legal costs totaling 755,106.76 yuan [12].

Core Viewpoint - The company has revised its 2024 annual performance forecast, indicating a significant decline in net profit compared to the previous year, primarily due to increased credit impairment provisions and adjustments in accounts receivable bad debt preparation rates [2][5][9]. Performance Forecast Situation - The performance forecast period is from January 1, 2024, to December 31, 2024 [3]. - The revised forecast estimates a net profit attributable to shareholders of the parent company between 20 million and 30 million yuan, representing a decrease of 34.73 million to 35.73 million yuan compared to the previous year, which is a year-on-year decline of 92.05% to 94.70% [2][5]. - The previous forecast estimated a net profit between 90 million and 135 million yuan, with a year-on-year decrease of 24.23 million to 28.73 million yuan, or a decline of 64.22% to 76.14% [4]. Reasons for Forecast Revision - The main reasons for the revision include: 1. The company has decided to make additional credit impairment provisions for receivables with recovery risks, which will reduce the net profit for 2024 [9]. 2. The accounts receivable bad debt preparation rate has been increased by two percentage points after a thorough assessment, leading to a higher amount of bad debt provisions and a corresponding reduction in net profit [9]. Previous Year’s Financial Performance - In the previous year, the net profit attributable to shareholders of the parent company was 377.28 million yuan, and the net profit after deducting non-recurring gains and losses was 102.06 million yuan [6]. - The earnings per share for the previous year were 1.059 yuan [7].

公司于2025年1月25日在《中国证券报》《上海证券报》《证券日报》及上海证券交易所网站披露了 《公司2024年度业绩预亏公告》，详见临2025-009号公告，具体情况如下： 特别提示 本公司及董事会全体成员保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性承担法律责任。 重要内容提示： ● 业绩预告的具体适用情形：净利润为负值。 ● 预计2024年年度实现归属于母公司所有者的净利润约为-1,800万元至-2,050万元；归属于母公司所有 者的扣除非经常性损益事项后的净利润约为-1,750万元至-2,000万元。 ● 预计2024年年度实现营业收入约为35,000万元至38,000万元；扣除与主营业务无关的业务收入和不具 备商业实质的收入后的营业收入约为31,000万元到33,500万元。 一、本期业绩预告情况 （一）业绩预告期间 2024年1月1日至2024年12月31日。 （二）前次业绩预告情况 1、经公司财务部门初步测算，预计2024年年度实现归属于母公司所有者的净利润约为-800万元至-1,600 万元；归属于母公司所有者的扣除非经常性损益事项后的净利润约为- ...