TLGD(300029)2025-04-20 07:40Financial Performance - The total audited profit for 2024 was -29,550,742.09 RMB, a decrease of 156.76% compared to the previous year[5]. - The net profit attributable to shareholders was -27,303,694.80 RMB, down 218.14% year-on-year[5]. - The operating revenue for 2024 was 161,127,858.56 RMB, a decline of 56.26% from 368,402,027.39 RMB in 2023[18]. - The net cash flow from operating activities was -11,765,019.21 RMB, a decrease of 165.92% compared to 17,848,416.44 RMB in 2023[18]. - The total assets at the end of 2024 were 241,853,854.77 RMB, down 36.81% from 382,747,805.48 RMB in 2023[18]. - The net assets attributable to shareholders were -2,956,210.40 RMB, a decrease of 113.79% from 21,432,290.25 RMB in 2023[18]. - The company reported a basic earnings per share of -0.1362 RMB, a decline of 218.22% from -0.0428 RMB in 2023[18]. - The company’s weighted average return on net assets was -295.56%, a decrease of 262.14% from -33.42% in 2023[18]. - The company reported a total revenue of ¥161,127,858.56 in 2024, a decrease of 56.26% compared to ¥368,402,027.39 in 2023[30]. - The net profit for 2024 was -¥27,457,983.38, indicating a significant loss compared to previous years[30]. Revenue Breakdown - The company's revenue from the New Energy EPC business was ¥61,574,813.48, down 72.78% from ¥226,207,884.74 in 2023[33]. - Revenue from New Energy power station equipment sales was ¥83,790,095.69, a decrease of 33.80% from ¥126,566,265.21 in 2023[33]. - The company's revenue from the construction industry was 161,127,858 yuan, with a gross margin of 14.57%, reflecting a year-on-year decrease of 56.26% in revenue and 59.38% in cost[34]. - The Northeast region reported a revenue of 4,301,252.68 yuan, down 65.77% year-on-year, while the gross margin was 13.13%[34]. - The North China region's revenue increased by 22.77% year-on-year to 142,791,432 yuan, with a gross margin of 13.89%[34]. - The East China region experienced a significant decline in revenue by 94.70% year-on-year, totaling 11,354,959.9 yuan, but the gross margin improved to 15.68%[34]. - The South China region's gross margin was notably high at 44.22%, with revenue of 678,326.94 yuan[34]. - The Southwest region's revenue dropped by 99.61% year-on-year, but the gross margin surged to 100%[34]. - The Northwest region achieved a gross margin of 49.66% with revenue of 1,997,641.51 yuan, despite a year-on-year revenue decline of 91.73%[34]. Operational Challenges - The company achieved a cash flow from operating activities of -¥19,537,994.91, indicating negative cash flow during the reporting period[21]. - The company reported a significant reduction in professional subcontracting costs, which were ¥57,804,801.9, representing 41.90% of operating costs, down 71.00% year-over-year[43]. - The company's cash and cash equivalents decreased by ¥12,092,419.21, a decline of 174.41% compared to the previous year[50]. - The company's accounts receivable amounted to ¥131,470,886, which represented 54.36% of total assets, down 5.69% from the beginning of the year[54]. - The company reported an asset impairment of ¥16,453,378.78, accounting for 55.68% of total profit, primarily related to provisions for receivables and inventory[52]. Strategic Initiatives - The company plans to focus on developing high-quality projects with good profitability and accelerate the progress of contract performance[29]. - The company is focusing on expanding its market presence in renewable energy, particularly in wind and solar power projects[38]. - The company plans to enhance its research and development efforts in new technologies related to clean energy[38]. - The company is actively pursuing mergers and acquisitions to strengthen its position in the renewable energy sector[38]. - The company has provided optimistic future guidance, projecting continued growth in revenue from its renewable energy projects[38]. Governance and Compliance - The governance structure complies with the requirements of the Company Law and relevant regulations, ensuring independent operations[67]. - The board of directors consists of 5 members, including 2 independent directors, adhering to legal and regulatory standards[70]. - The company maintains independence from its controlling shareholder in all aspects, ensuring no asset or fund occupation[74]. - The company is focused on maintaining a high level of governance and transparency in its operations[77]. - The company has established a value management system and disclosed a valuation enhancement plan[65]. Shareholder Engagement - The company held its first extraordinary general meeting of 2024 on January 4, with an investor participation rate of 25.34%[75]. - The annual general meeting for 2023 was held on May 17, 2024, with a participation rate of 25.09%[75]. - The second extraordinary general meeting of 2024 is scheduled for August 15, with a participation rate of 40.75%[75]. - The company proposed to reappoint the accounting firm during the meetings[75][76]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 130, with 19 in the parent company and 111 in major subsidiaries[100]. - The professional composition includes 78 production personnel, 5 sales personnel, 11 technical personnel, 9 financial personnel, and 27 administrative personnel[101]. - The training plan for 2024 focuses on technical skills, interpersonal communication, and innovative decision-making, with an emphasis on internal training[103]. Environmental Commitment - The company is committed to supporting national carbon peak and carbon neutrality goals through its business development in the renewable energy sector[117]. - The company and its subsidiaries are not classified as key pollutant discharge units and have not faced any administrative penalties related to environmental issues during the reporting period[115]. Financial Reporting and Audit - The audit report issued by Zhongxinghua Accounting Firm indicated a "going concern" uncertainty due to the company's substantial accumulated losses[168]. - The company is responsible for ensuring the financial statements are prepared in accordance with accounting standards and maintaining necessary internal controls[177]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[113].