GDEP(600310)2025-03-27 10:20Financial Performance - The company's operating revenue for 2024 was approximately ¥3.93 billion, a decrease of 76.48% compared to ¥16.72 billion in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥62.99 million, a significant increase of 3,704.04% from ¥1.66 million in 2023[22]. - The net cash flow from operating activities increased by 98.37% to approximately ¥1.21 billion in 2024, compared to ¥607.63 million in 2023[23]. - The total assets of the company reached approximately ¥23.29 billion in 2024, reflecting a growth of 26.49% from ¥18.41 billion in 2023[23]. - The basic earnings per share for 2024 was ¥0.0430, up 3,809.09% from ¥0.0011 in 2023[24]. - The weighted average return on equity increased to 2.11% in 2024, up by 2.06 percentage points from 0.05% in 2023[24]. - The company reported a net profit of ¥438.17 million in Q3 2024, following a loss of ¥57.30 million in Q1 2024[28]. - The company's net profit for the year was 205 million yuan, a significant increase of 635.38% year-on-year[46]. - The company’s total revenue for the reporting period reached approximately ¥3.91 billion, representing a year-on-year increase of 25.50%[59]. - The company reported a total revenue of 220 billion yuan for the fiscal year 2023, reflecting a significant increase compared to the previous year[150]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.3 per 10 shares, totaling RMB 43,971,321.66, which accounts for 69.81% of the net profit attributable to shareholders for the period[5]. - The parent company's undistributed profits as of December 31, 2024, amount to RMB 449,872,883.16[168]. - The cumulative cash dividend amount over the last three accounting years is RMB 87,942,643.32[174]. - The annual profit distribution plan for 2023 was approved, which includes a detailed allocation strategy for shareholder returns[150]. Operational Changes and Strategic Focus - The company strategically exited the oil business, which significantly impacted the revenue decline but improved cash flow from operations[25]. - The company plans to focus on developing offshore wind power, onshore wind power, solar energy, and pumped storage projects to enhance its renewable energy capacity[118]. - The company is prioritizing the development of its new energy division, which is expected to contribute significantly to future revenues[140]. - The company plans to expand its market presence in surrounding provinces and cities, enhancing its service coverage[61]. - The company is considering a debt-to-equity swap to increase capital for its wholly-owned subsidiary, Guixu Energy[147]. Risk Management and Compliance - The company has outlined potential risks in its management discussion and analysis section[8]. - The company acknowledges potential operational risks due to weather variability affecting hydropower generation and coal price fluctuations impacting thermal power profitability[123]. - The company has received a standard unqualified audit report from its auditing firm, Xinyong Zhonghe[3]. - The internal control audit report indicated that the company maintained effective financial reporting internal controls as of December 31, 2024[180]. - The company has implemented measures to prevent insider trading and maintain fair information disclosure practices[130]. Environmental and Social Responsibility - The company invested 33.12 million yuan in environmental protection during the reporting period[181]. - The company’s clean energy generation totaled approximately 4.676 billion kWh, resulting in a reduction of about 3.73 million tons of CO2 emissions[188]. - The company donated a total of 354,900 yuan for various social responsibility projects, benefiting 1,860 individuals[190]. - The company contributed 260,000 yuan to poverty alleviation and rural revitalization projects, benefiting 1,763 individuals[192]. - The company achieved a 100% housing security rate for 345 households in the village[193]. Corporate Governance - The company held 5 shareholder meetings in 2024, ensuring transparency and fairness in decision-making processes[128]. - The board of directors convened 14 meetings during the reporting period, adhering to legal and regulatory requirements[129]. - The supervisory board held 10 meetings, ensuring compliance and oversight of financial matters and related transactions[130]. - The company has established a performance evaluation and incentive mechanism to enhance effectiveness and motivation[130]. - The company has approved the purchase of liability insurance for its directors, supervisors, and senior management[134]. Financial Management and Investments - The company plans to apply for a credit limit of up to 22 billion yuan from financial institutions[133]. - The company has approved a proposal to provide guarantees for its wholly-owned subsidiaries, Guixu Energy and Wuzhou Guijiang[133]. - The company made significant equity investments totaling 96,601.30 million RMB during the reporting period, an increase of 80,069.49 million RMB compared to the previous year[99]. - The company has approved investments in multiple wind power projects, including the construction of the Babu Renshan Wind Farm and the Babu Shangcheng Wind Farm[161]. Human Resources - The total number of employees in the parent company and major subsidiaries is 2,039, with 663 in the parent company and 1,376 in subsidiaries[164]. - The employee composition includes 1,085 production staff, 175 management personnel, and 642 administrative staff[164]. - The company has established a comprehensive talent training system to enhance the quality of its workforce, focusing on leadership training and skill enhancement[166]. Regulatory Compliance - The company received an administrative penalty of 1.2 million yuan from the China Securities Regulatory Commission for violations[145]. - The company has been publicly reprimanded by the Shanghai Stock Exchange for regulatory violations[146]. - The company has faced multiple regulatory warnings regarding its compliance practices[146]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[136].