IMDTECL(SZ:002128)2025-04-24 14:06Dividend and Financial Performance - The company plans to distribute a cash dividend of 8 RMB per 10 shares to all shareholders, based on a total of 2,241,573,493 shares[6]. - The company's operating revenue for 2024 reached ¥29,859,051,547.04, representing an increase of 11.23% compared to ¥26,845,529,756.25 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥5,341,613,309.30, up 17.15% from ¥4,559,652,079.29 in 2023[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,097,731,973.72, reflecting a 17.52% increase from ¥4,337,874,048.59 in 2023[6]. - The net cash flow from operating activities for 2024 was ¥7,950,473,863.61, a 15.71% increase compared to ¥6,871,291,630.51 in 2023[6]. - Basic and diluted earnings per share for 2024 were both ¥2.38, representing a 12.80% increase from ¥2.11 in 2023[6]. - Total assets at the end of 2024 amounted to ¥51,634,287,255.08, a 6.46% increase from ¥48,501,175,130.73 at the end of 2023[6]. - The net assets attributable to shareholders at the end of 2024 were ¥34,603,339,933.91, up 12.03% from ¥30,887,497,802.07 at the end of 2023[6]. - The company reported a total of ¥243,881,335.58 in non-recurring gains for 2024, compared to ¥221,778,030.70 in 2023[25]. Energy Production and Market Trends - In 2024, the total installed power generation capacity in the country reached 3.35 billion kilowatts, with wind and solar power accounting for 1.41 billion kilowatts, a year-on-year increase of 34.16%, representing 42% of the total capacity[5]. - The utilization hours for wind power decreased by 107 hours year-on-year, while solar power utilization hours decreased by 81 hours, with expectations of continued challenges in 2025[5]. - The company’s future outlook indicates a contraction in overall coal demand due to the impact of carbon peak and green low-carbon transition strategies[4]. - The coal market is expected to maintain a loose supply-demand situation in 2024, with total coal consumption around 5.12 billion tons, and a projected increase in coal production by 60 million tons in 2025[40]. - The company anticipates stable growth in production supply and a recovery in domestic demand for 2025, with a focus on new energy development and digital transformation in the coal industry[29][30]. - The company is adapting to the transition of thermal power from a basic energy source to a system regulation role, focusing on enhancing peak-shaving capabilities[40]. Environmental and Regulatory Challenges - The company acknowledges that the profit of coal-fired power generation is sensitive to coal prices, and any rebound in coal prices could increase generation costs[4]. - The company is facing risks from stricter environmental standards, requiring increased investment in energy-saving and emission-reduction technology to maintain efficiency and reliability[5]. - The company is committed to enhancing clean and efficient utilization of coal, aligning with national policies for energy transition and digital transformation[30]. - The government aims for non-fossil energy's share of total energy consumption to reach approximately 18.9% by 2025, with renewable energy consumption exceeding 1.1 billion tons of standard coal[36]. - The implementation of market-oriented pricing for renewable energy is expected to significantly promote the healthy development of the industry and support the achievement of carbon neutrality goals[39]. Technological Innovations and Investments - The company is committed to enhancing its investment in new energy projects despite rising land acquisition costs and investment challenges[5]. - The company is focusing on integrating emerging technologies with traditional mining practices to enhance operational stability and risk resilience[44]. - The company has implemented a centralized procurement model for major raw materials, ensuring efficiency and cost-effectiveness in its operations[87]. - The company is developing a 100-ton level unmanned electric dump truck, aiming to reduce energy consumption costs by 25% compared to similar vehicles[120]. - The company has implemented a smart mining comprehensive management platform that utilizes AI systems for real-time monitoring and disaster warning, improving operational accuracy and efficiency[121]. - The company is focusing on enhancing the automation level in the production process to meet the increasing quality demands of its products[130]. - The company is actively investing in renewable energy projects in resource-rich areas, gradually forming a national renewable energy industry layout[71]. Production and Sales Performance - The actual production of raw coal reached 47.996 million tons, an increase of 3.11% year-on-year, while actual sales of raw coal were 47.759 million tons, up 2.77% year-on-year[91]. - The actual power generation from thermal power in 2024 was 55,278.42 million kWh, a decrease of 1.38% year-on-year, and actual electricity sales were 50,340.42 million kWh, down 1.47% year-on-year[91]. - The actual production of electrolytic aluminum in 2024 was 900,000 tons, an increase of 2.85% year-on-year, with actual sales also at 900,100 tons, up 2.66% year-on-year[91]. - The total profit for 2024 was 6,926.05 million yuan, an increase of 18.35% year-on-year, primarily due to increased sales prices and volumes of coal and aluminum products[91]. - The sales volume of coal reached 4,776 million tons, up 2.77% from the previous year, while production volume was 4,800 million tons, an increase of 3.11%[105][106]. Research and Development - R&D investment increased significantly to ¥130,001,404.99 in 2024, up 301.42% from ¥32,385,042.95 in 2023[137]. - The company completed the development of a high-precision industrial visual inspection system for boiler water-cooled walls, achieving international leading standards[134]. - The company has established a digital twin operation and data collaboration system for power supply and technology innovation, enhancing operational efficiency[134]. - The company is focusing on developing technologies that can achieve ultra-low emissions and address air pollution effectively[132]. - The number of R&D personnel decreased to 237 in 2024 from 451 in 2023, representing a decline of 47.45%[136]. Future Outlook and Strategic Plans - The company plans to invest 1.191419 billion yuan in 2025, focusing on large and medium-sized infrastructure projects[183]. - The projected profit for 2025 is 7.658 billion yuan, with a net profit attributable to shareholders of 5.923 billion yuan[189]. - The company is focusing on the transition to green electricity in its aluminum production, moving from "coal-electricity-aluminum" to "green-electricity-aluminum"[176]. - The company aims to strengthen communication with railway departments to optimize transportation capacity and alleviate supply-demand pressure[197]. - The company is diversifying transportation methods, primarily using rail while supplementing with road transport to manage logistics effectively[200].