NMHD(SH:600863)2025-04-24 12:40Financial Performance - The company's operating revenue for 2024 was CNY 22,293,633,145.08, a decrease of 1.03% compared to 2023[23]. - Net profit attributable to shareholders for 2024 reached CNY 2,325,223,359.01, reflecting a growth of 15.98% year-over-year[23]. - Basic earnings per share increased to CNY 0.34 in 2024, up 17.24% from CNY 0.29 in 2023[24]. - The weighted average return on equity rose to 13.96%, an increase of 1.40 percentage points compared to the previous year[24]. - The net cash flow from operating activities for 2024 was CNY 5,103,407,065.13, down 4.29% from 2023[23]. - The total assets at the end of 2024 were CNY 39,877,812,141.43, showing a slight increase of 1.01% from the previous year[23]. - Non-recurring gains and losses for 2024 totaled CNY 72,788,653.97, compared to CNY 63,882,159.02 in 2023[29]. - The company's net assets attributable to shareholders decreased by 2.32% to CNY 17,897,711,501.34 at the end of 2024[23]. - The company's operating costs rose by 1.14% to CNY 18.00 billion, mainly due to increased costs associated with higher external coal sales[63]. - The company's financial expenses decreased by 30.03% year-on-year, amounting to a reduction of 117 million yuan[60]. Dividend Distribution - The company plans to distribute a cash dividend of 2.20 CNY per 10 shares, totaling approximately 1.44 billion CNY based on the total share capital of 6,526,887,811 shares as of December 31, 2024[6]. - The company distributed cash dividends of 1.85 yuan per 10 shares, totaling 1.207 billion yuan, reflecting a commitment to stable shareholder returns[40]. - The total cash dividend amount for the year is approximately 1,435,915,318.42 RMB, which accounts for 64.45% of the net profit attributable to ordinary shareholders in the consolidated financial statements[180]. - The company has committed to distributing at least 70% of the distributable profits in cash annually from 2022 to 2024, with a minimum dividend of 0.1 RMB per share[175]. - Over the last three accounting years, the cumulative cash dividend amount (including tax) is approximately 3,713,799,164.45 RMB, resulting in a cash dividend ratio of 193.41%[182]. Risk Management - The company has reported no significant risks that could materially affect its operations during the reporting period, with a focus on managing risks related to electricity, coal, and environmental factors[8]. - The company emphasizes the importance of addressing potential risks in its management discussion and analysis section[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company is actively addressing the issue of "same industry competition" with its controlling shareholder by gradually reducing overlapping business operations and enhancing internal management controls[136]. Governance and Compliance - The company has received a standard unqualified audit report from Zhongzheng Tiantong Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance and oversight[4]. - The company held one annual and one extraordinary shareholders' meeting during the reporting period, ensuring compliance with legal and regulatory requirements[129]. - The board of directors convened seven meetings, discussing 34 significant topics, including financial budgets and ESG reports, ensuring independent decision-making[130]. - The company has established a framework agreement for related party transactions to ensure compliance with legal and regulatory requirements[140]. Environmental Performance - The company invested approximately 25,981.66 million CNY in environmental protection during the reporting period[190]. - All subsidiaries and controlled thermal power enterprises have achieved a 100% operational rate for dust removal facilities, with a dust removal efficiency of 99.93%[199]. - The desulfurization facilities also achieved a 100% operational rate, with a desulfurization efficiency of 99.01%[199]. - The denitrification facilities had a 99.72% operational rate, with a denitrification efficiency of 84.46%[199]. - The company received administrative penalties totaling 30 million CNY for environmental issues, all of which have been rectified[198]. Renewable Energy Transition - The company is accelerating its transition to renewable energy, with operational renewable energy projects totaling 1.8762 million kW and projects under construction at 2.04 million kW, aiming for over 30% of total installed capacity from renewables[39]. - The installed capacity of wind power in Inner Mongolia reached 85.88 million kW, with a year-on-year growth of 23.50%[46]. - The total installed capacity of new energy generation reached 14.5 billion kW, surpassing coal-fired capacity for the first time[44]. - The company aims to enhance its management level and accelerate the development of the renewable energy industry in line with national energy security strategies[49]. - The company plans to enhance R&D investments to achieve breakthroughs in energy conservation, renewable energy operations, and safety production[82]. Strategic Initiatives - The company plans to enhance its core functions and competitiveness, focusing on transformation and efficiency improvement to achieve its 2025 targets[113]. - The company anticipates significant policy support for renewable energy integration and consumption capacity enhancement in the region, with plans for 40 million kW of new installed capacity by 2025[113]. - The company will implement a "Safety Enhancement Project" to ensure energy supply security and improve operational resilience[117]. - The company plans to gradually implement measures to address "same industry competition" with its controlling shareholder, promoting healthy and steady development[142]. - The company is committed to talent reform, enhancing workforce quality and capabilities to support its development goals[120].