GDG(SH:600098)2025-04-08 13:30Financial Performance - The company's operating revenue for 2024 reached ¥48,270,663,046.07, an increase of 3.24% compared to ¥46,754,699,285.32 in 2023[25] - The net profit attributable to shareholders for 2024 was ¥1,731,802,481.37, reflecting a growth of 5.73% from ¥1,637,917,641.83 in 2023[25] - The net cash flow from operating activities significantly increased by 57.52% to ¥4,509,971,931.61 in 2024, compared to ¥2,863,036,540.24 in 2023[25] - The total assets of the company as of the end of 2024 amounted to ¥76,503,034,624.80, a 3.36% increase from ¥74,014,050,570.08 at the end of 2023[25] - The net assets attributable to shareholders increased to ¥26,396,122,027.19 at the end of 2024, up 4.19% from ¥25,333,482,221.57 at the end of 2023[25] - Basic earnings per share for 2024 increased by 5.51% to CNY 0.4953 compared to CNY 0.4694 in 2023[26] - The total net profit for 2024 was CNY 102.92 million from non-recurring gains, compared to CNY 71.12 million in 2023[29] - The company reported a significant reduction in cash flow from investment activities, with a net outflow of approximately 2.56 billion RMB, down from 6.52 billion RMB last year[68] - The net cash flow from financing activities showed a substantial outflow of approximately 3.60 billion RMB, compared to an inflow of 2.84 billion RMB in the previous year[68] - The company reported a total of 123,650 shares of restricted stock held by Ms. Chen Rulan, which will be repurchased and canceled on October 29, 2024[151] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥2.7 per 10 shares, totaling ¥946,702,854.36, based on a total share capital of 3,506,306,868 shares[9] - The cash dividend for the fiscal year 2023 is set at CNY 946,702,854.36, which represents 54.67% of the net profit attributable to ordinary shareholders in the consolidated financial statements[178] - Over the last three accounting years, the cumulative cash dividend amount (including tax) is CNY 2,524,907,578.76, with an average annual net profit of CNY 1,574,525,943.86, resulting in a cash dividend ratio of 160.36%[180] - The company has established a cash dividend mechanism to protect shareholders' rights, with a profit distribution management system and a three-year shareholder dividend return plan for 2024-2026[136] Operational Highlights - The company achieved a controllable power generation capacity of 10.26 million kilowatts, marking a significant operational milestone[34] - Coal sales volume increased by 4.66% year-on-year to 43.02 million tons, expanding domestic business to 19 provinces[37] - The company completed a total power generation of 170.52 billion kWh, with a decrease of 10.05% year-on-year due to market conditions[36] - The company produced 239.00 billion kWh of electricity, with a sales volume of 228.73 billion kWh, representing a production increase of 1.09% and a sales increase of 1.95% year-on-year[77] - The total revenue from electricity sales increased by 1.09% year-on-year, amounting to 11.07 billion RMB[97] Environmental Commitment - The company invested 181.6452 million yuan in environmental protection during the reporting period[189] - The company reported a total of 453.5 tons of particulate matter emissions, with a concentration of 4.13 mg/Nm³, which is below the standard limit of 20 mg/Nm³[191] - Nitrogen oxides emissions totaled 2,148.6 tons, with a concentration of 43.89 mg/Nm³, well under the regulatory limit of 100 mg/Nm³[191] - Sulfur dioxide emissions reached 1,280 tons, with a concentration of 297.18 mg/Nm³, also compliant with the standard limit of 50 mg/Nm³[191] - The company maintained compliance with all pollutant concentration and total emission limits across various pollutants during the reporting period[191] Strategic Initiatives - The company emphasizes its commitment to building a leading green and low-carbon comprehensive intelligent energy enterprise group in China[4] - The company is focused on transforming its business model towards a green and low-carbon comprehensive smart energy industry, enhancing its competitiveness and efficiency through strategic reforms and innovations[123] - The company plans to implement five development strategies: green low-carbon, technological innovation, smart energy, going global, and talent empowerment[123] - The company aims to strengthen its role in energy security and become a key player in new energy infrastructure[123] Governance and Management - The company has established an independent financial department and accounting system, ensuring no interference from the controlling shareholder in financial decisions[139] - The company has a complete and independent business system, conducting operations independently of the controlling shareholder[140] - The company has not experienced any violations related to insider trading or regulatory penalties during the reporting period[138] - The company’s board of directors meeting on January 2, 2024, also appointed Mr. Qiao Wukang and Ms. Ma Suying as vice general managers[148] Research and Development - The company plans to invest 686 million yuan in R&D in 2024, focusing on strategic emerging industries[48] - Research and development expenses increased by 5.38% to approximately 685.56 million RMB, reflecting the company's focus on cultivating high-tech enterprises[68] - The company has identified 20 enterprises as high-tech enterprises, emphasizing its commitment to strategic emerging industries[66] Market Expansion - The company is leveraging its advantageous location in the Guangdong-Hong Kong-Macao Greater Bay Area to expand its market presence and develop a green low-carbon energy base[66] - The company operates in 25 provinces and cities domestically and has expanded its services to 11 countries and regions[59] - The company is actively pursuing mergers and acquisitions in the renewable energy sector, with a focus on wind and solar projects[107] Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[11] - The company recognizes potential risks from international trade tensions and domestic economic uncertainties but believes in its long-term growth potential due to its institutional advantages and market size[130]