GHEC(SZ:002060)2025-04-11 13:05Financial Performance - The company's operating revenue for 2024 was approximately ¥68.31 billion, a decrease of 15.52% compared to ¥80.86 billion in 2023[19]. - The net profit attributable to shareholders for 2024 was approximately ¥1.17 billion, down 23.84% from ¥1.53 billion in 2023[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥1.20 billion, a decrease of 23.11% from ¥1.56 billion in 2023[19]. - Basic and diluted earnings per share decreased by 27.52% to 0.3111 CNY from 0.4292 CNY[20]. - The weighted average return on equity dropped to 8.79%, down from 13.30%[20]. - Total assets increased by 6.13% to 141,562,682,174.02 CNY compared to the end of the previous year[20]. - Net assets attributable to shareholders rose by 5.73% to 13,761,589,532.02 CNY[20]. - The total operating costs for 2024 amount to ¥61,051,155,200, a decrease of 16.72% compared to ¥73,308,760,800 in 2023[81]. - The sales expenses increased by 25.07% to ¥4,540,278.17 in 2024 from ¥3,630,181.33 in 2023[85]. - The company reported a net profit margin of 12% for Q2 2024, up from 10% in the previous year[143]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.4 per 10 shares, totaling approximately ¥524 million based on 3,754,393,242 shares[4]. - The total distributable profit for the company was 1,335,851,567.15 RMB, with cash dividends accounting for 100% of the profit distribution[173]. Market Position and Strategy - The company is positioned to benefit from increased government support for major infrastructure projects and clean energy investments[30]. - The company has a strong market position in the construction engineering sector, being a key player in major construction projects in Guangdong Province, contributing to the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area[49]. - The company is focusing on expanding its power generation segment, particularly in hydropower and wind power, which showed growth in revenue[70]. - The company aims to enhance its market presence through strategic acquisitions and partnerships in the renewable energy sector[105]. - The company plans to enhance its engineering construction and clean energy investment strategies, focusing on integrated project investment and management models to strengthen its competitive advantage[121]. Clean Energy Initiatives - The company has a total installed capacity of 4.31 million kilowatts from clean energy projects, including 380.5 thousand kilowatts from hydropower, 800.4 thousand kilowatts from wind power, and 3.03 million kilowatts from solar power, with a storage capacity of 100 thousand kilowatts[46]. - The company is actively involved in the development of clean energy projects across regions such as Xinjiang, Guangdong, Gansu, Hunan, and Shandong, indicating a broad market presence[46]. - The company has initiated a new wind power project with an expected output of 8.88% financing utilization rate[102]. - The company is focusing on technological advancements in energy generation to improve efficiency and reduce costs[103]. - The company reported a clean energy generation capacity of 398 MW, with a focus on distributed photovoltaic projects[110]. Research and Development - The company has 40 high-tech enterprises and 27 provincial-level R&D platforms, enhancing its technological innovation capabilities[62]. - The company has accumulated 625 valid invention patents and 2,368 valid utility model patents, showcasing its strong R&D output[62]. - R&D investment amounted to ¥2,411,035,843.49 in 2024, down 18.91% from ¥2,973,307,992.67 in 2023[89]. - The company is currently researching long-distance pipe jacking technology under complex geological conditions, aiming to enhance technical capabilities in this area[86]. Governance and Compliance - The company strictly adheres to legal regulations for information disclosure, ensuring timely and accurate communication with investors, with designated media for disclosures in 2024[135]. - The company has established an independent financial accounting department, ensuring no shared bank accounts with the controlling shareholder and independent tax obligations[138]. - The company has a governance structure that complies with legal requirements, with no significant discrepancies noted[135]. - The company has appointed independent directors in compliance with regulations, ensuring proper governance and oversight[138]. Environmental Responsibility - The company has implemented green construction practices, focusing on resource conservation and minimizing environmental impact, achieving significant energy savings and efficient resource utilization[185]. - The company has been recognized for its commitment to ecological protection and sustainable development, with no major environmental issues reported in 2024[183]. - The company has conducted 46 tree planting activities in 2024, planting over 50,000 trees to improve local ecological environments[187]. - The company is actively developing clean energy projects, including hydropower, wind power, and photovoltaic resources, to support the national "dual carbon" goals[186]. Future Outlook - The company expects to achieve operating revenue of 75.2 billion yuan and a net profit of 1.26 billion yuan attributable to shareholders in 2025[123]. - The target for clean energy installed capacity is set at 1 million kilowatts by 2025[123]. - The company aims to secure engineering task volume of 122 billion yuan in 2025[123]. - Future outlook includes a strong emphasis on renewable energy projects, with a target to increase overall capacity and revenue in the coming quarters[107].