Core Viewpoint - The company, Nongshang Environment, is implementing a strategic contraction in its landscaping business, focusing on accounts receivable management, project completion, and litigation case handling to improve asset quality and ensure sustainable development [2][4]. Group 1: Accounts Receivable Collection Strategy - The company plans to enhance its accounts receivable collection efforts through a comprehensive collection scheme that includes self-collection, third-party collection, and transfer of receivables [2][3]. - The collection initiative will encompass all subsidiaries within the landscaping business, with a timeline from June 30, 2025, to June 30, 2026, targeting accounts receivable, contract assets, and other receivables [2][3]. Group 2: Financial Performance and Challenges - In 2024, the company reported total revenue of 232 million yuan, with landscaping engineering revenue accounting for 110 million yuan, representing 47.68% of total revenue [3]. - The company experienced a significant increase in net loss, reporting a net profit of -77.08 million yuan in 2024, compared to -29.77 million yuan in the previous year, primarily due to credit impairment provisions [3]. - The company has faced ongoing cash flow challenges, with a cumulative net outflow exceeding 300 million yuan from 2020 to 2024, and as of March 31, 2025, it had only 30 million yuan in cash against over 500 million yuan in accounts receivable [3]. Group 3: Management and Oversight - The collection efforts will be overseen by the chairman, who will establish a dedicated collection team to manage the process [3]. - For irrecoverable receivables, the company will follow the prescribed write-off procedures and disclose information in a timely manner [3]. Group 4: Future Outlook - The implementation of the accounts receivable collection plan is expected to reduce risks associated with receivables, accelerate cash recovery, and enhance asset operation efficiency, thereby supporting the company's sustainable development [4].

企业名称浙江旺嵊建设工程有限公司法定代表人严国桥注册资本2000万人民币国标行业建筑业>建筑安 装业>其他建筑安装业地址浙江省绍兴市嵊州市鹿山街道小砩村中央宅综合楼一楼从西向东第1间企业 类型有限责任公司（自然人投资或控股的法人独资）营业期限2025-7-18至无固定期限登记机关嵊州市 市场监督管理局 来源：金融界 经营范围含许可项目：建设工程施工；建设工程设计；建筑智能化系统设计；建筑劳务分包；输电、供 电、受电电力设施的安装、维修和试验；电气安装服务；施工专业作业；住宅室内装饰装修；舞台工程 施工(依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以审批结果为准)。工 程造价咨询业务；对外承包工程；园林绿化工程施工；建筑材料销售；电线、电缆经营；建筑装饰材料 销售；合成材料销售；建筑砌块销售；机械设备销售；保温材料销售；建筑工程机械与设备租赁；普通 机械设备安装服务；工程管理服务；会议及展览服务；数字创意产品展览展示服务；影视美术道具置景 服务；组织文化艺术交流活动；咨询策划服务；文艺创作；（上述经营范围不含砂石））(除依法须经 批准的项目外，凭营业执照依法自主开展经营活动)。 天眼查Ap ...

Group 1 - A new company, Shaanxi Manqi Shi Construction Engineering Co., Ltd., has been established with a registered capital of 2 million RMB [1] - The company is wholly owned by Shaanxi Jiyu Fule Construction Engineering Co., Ltd. [1] - The legal representative of the new company is Liu Yuping [1] Group 2 - The business scope includes engineering management services, landscaping engineering construction, sports venue facilities construction, earthwork construction, and various types of equipment leasing and sales [1] - The company is classified under the construction industry, specifically in residential building construction [1] - The registered address is located in Xi'an Economic and Technological Development Zone, Shaanxi Province [1]

Core Viewpoint - Wuhan Nongshang Environment Co., Ltd. reported significant revenue growth in 2024, but faced a substantial decline in net profit and cash flow, raising concerns about the authenticity and accuracy of revenue recognition practices [2][5][12]. Financial Performance - The company achieved operating revenue of 232 million yuan in 2024, a year-on-year increase of 224.30%, with Q4 revenue of 125 million yuan accounting for 54.17% of total revenue [2][5]. - The net profit attributable to shareholders was -77.08 million yuan, a decline of 158.96% year-on-year, and the net cash flow from operating activities was -43.12 million yuan, down 291.85% [2][5]. Revenue Recognition and Audit Procedures - The audit procedures included verifying sales contracts, assessing internal controls, and confirming customer operations through site visits to ensure revenue recognition complied with accounting standards [2][3][4]. - The audit firm confirmed that the revenue changes during the reporting period did not show significant anomalies and that sufficient audit evidence was obtained to support the authenticity and accuracy of the reported revenue [2][5]. Business Segments - The landscape construction business generated 110 million yuan in revenue, accounting for 47.68% of total revenue, with a year-on-year growth of 69.29% [5][9]. - The cost of landscape construction projects was 101 million yuan, reflecting a year-on-year increase of 75.66% [5][9]. Market Conditions and Challenges - The real estate sector's downturn has intensified competition in the landscape construction market, leading to pressure on project costs and profit margins [9][12]. - The company has been actively reducing the scale of its landscape construction business and focusing on cost reduction and efficiency improvement strategies [12][24]. New Business Development - In 2023, the company began its foray into the computing power service sector, with this segment contributing 46.66% to total revenue in 2024, indicating a strategic shift towards new business models [12][24]. - The computing power service business includes various segments such as customized equipment sales, leasing, and data center construction, which are expected to enhance customer acquisition capabilities [12][24]. Customer Base and Revenue Sustainability - The company has established a diverse customer base in the computing power service sector, which is crucial for sustainable revenue growth [22][24]. - The main cost components for the computing power service business include fixed asset depreciation, raw material inputs, and labor costs, with a stable procurement channel established to ensure material supply [22][23].