GED(SZ:000539)2025-03-28 14:00Dividend Distribution - The company plans to distribute a cash dividend of 0.2 yuan per 10 shares to all shareholders, based on a total of 5,250,283,986 shares[6]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, reflecting the company's commitment to returning value to shareholders[155]. - The total cash dividend amount for the reporting period is RMB 105,005,680, which represents 10.89% of the net profit attributable to the parent company[155]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed in cash each year, with a cumulative minimum of 30% over the last three years[154]. Business Focus and Strategy - The main business focuses on investment, construction, and management of power and renewable energy projects[5]. - The company is involved in various energy projects, including wind, gas, and biomass power generation[16]. - The company has a diverse portfolio of subsidiaries engaged in different energy sectors, enhancing its market presence[16]. - The company is considering strategic acquisitions to bolster its market position, targeting firms with complementary technologies[20]. - The company is focusing on the development of new energy projects, with a total of 7.18 million kW of new capacity added during the reporting period[39]. - The company is actively pursuing long-term investments in various energy projects, including thermal and renewable energy[84]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 10 billion RMB, representing a 15% year-over-year growth[20]. - The company's operating revenue for 2024 was CNY 57.16 billion, a decrease of 4.27% compared to CNY 59.71 billion in 2023[26]. - The net profit attributable to shareholders for 2024 was CNY 964.24 million, down 1.07% from CNY 974.66 million in 2023[26]. - The company reported a basic earnings per share of CNY 0.1837 for 2024, a slight decrease of 1.07% from CNY 0.1856 in 2023[26]. - The company reported a loss of CNY 502.83 million in Q4 2024, which impacted the annual net profit figures[30]. Research and Development - The company is investing heavily in R&D, with a budget increase of 25% to enhance technology development[20]. - Research and development expenses increased by 15.25% year-on-year to 1,286,783,600 CNY, attributed to increased investment in R&D personnel and materials[67]. - The R&D investment as a percentage of operating revenue increased to 2.25% from 1.87% year-over-year, reflecting a 0.38% rise[73]. - The company has established 1 provincial-level and 3 municipal-level R&D platforms in 2023, and has applied for 36 national industry R&D achievements in 2024, along with 82 utility model patents and 27 invention patents[109]. Environmental Sustainability - The company maintains a commitment to social responsibility and environmental sustainability in its operations[5]. - Sustainability initiatives are projected to reduce carbon emissions by 40% over the next five years[20]. - The company complies with multiple environmental protection laws and standards, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law[163]. - The company has obtained all necessary environmental protection administrative licenses, which are currently valid[164]. - The total emissions for the company across various plants indicate a proactive approach to environmental management, with no exceedances reported[169]. Market Expansion - Market expansion plans include entering two new provinces, aiming for a 10% market share in those regions within the next year[20]. - The company is expanding its market presence, targeting an additional 3 provinces in the next fiscal year, which could potentially increase market share by 5%[128]. - The company plans to continue expanding its renewable energy projects, with a focus on achieving carbon peak and carbon neutrality goals[42]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[5]. - The company has maintained an average profit distribution ratio of over 50% since its listing in 1993, with a total cash distribution to shareholders amounting to 13.166 billion yuan, which is 4.77 times the raised funds[109]. - The company has published 120 announcements in the year, maintaining an "A" grade in information disclosure for eleven consecutive years[110]. - The company is focused on improving its financial management practices to mitigate liquidity risks[145]. Operational Efficiency - The company aims to reduce operational costs by 5% through improved supply chain management[20]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 8% over the next year[131]. - The company has reduced operational costs by 8% through efficiency initiatives implemented in Q3 2023[134]. Leadership and Management - The company reported a change in board members, with Zhang Cunseng and Zhao Zengli being elected as directors on April 26, 2024[122]. - The company is undergoing a leadership transition, with several key executives leaving their positions due to work adjustments and term expirations[122]. - The management team is expected to drive future growth and expansion strategies in the energy market[123]. Community Engagement - The company donated 450 tree seedlings worth 75,360 RMB to Jishui Village as part of its rural revitalization efforts[178]. - The company has implemented a series of educational support initiatives, donating nearly 20,000 RMB in materials to local schools[179]. - The company has invested approximately 49,100 RMB in various projects in Jiji Town, including road construction and public lighting, to enhance local living conditions[183].