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ST纳川(300198) - 2025年5月15日投资者关系活动记录表
NCGFNCGF(SZ:300198)2025-05-15 13:08

Group 1: Business Performance and Challenges - The company's revenue for 2024 has significantly declined, with a net loss attributed to several factors, including high investment in the new energy sector and PPP projects, leading to low liquidity and weak debt repayment capacity [2] - The decline in revenue is also due to delayed payments from PPP project clients, resulting in increased credit and asset impairment losses [2] - Some subsidiaries, such as Sichuan and Jiangsu, have ceased operations, with only the Shanghai nuclear energy segment remaining operational [2][3] Group 2: Future Business Strategy - The company plans to continue focusing on the research, manufacturing, sales, and service of domestic water supply and drainage pipes, while enhancing R&D efforts and optimizing product structure to improve competitiveness and sustainable growth [1][4] - In the new energy sector, the company aims to deepen its involvement in the supply of components for new energy vehicles and related machinery, while pushing for the industrialization of R&D achievements [4] - The company intends to innovate in pipe manufacturing, focusing on smart, optimized structures and large-diameter pipes to enhance core competitiveness and ensure sustainable development [4] Group 3: Financial Management and Restructuring - The company is currently undergoing a pre-restructuring process initiated by the court, with a temporary management team overseeing debt declaration and recruitment of restructuring investors [3] - Due to liquidity issues, the company has faced challenges in timely repayment of bank loans and operational debts, leading to increased penalties and interest [2] - The company is considering the liquidation of non-operational subsidiaries and will optimize personnel structure to reduce management costs [2][3]