GREAT RIVER SMARTER(SZ:002930)2025-04-27 10:20Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 457,489,586 shares[4]. - The company has a cash dividend policy in place, with a cash dividend amount of ¥137,246,875.80, representing 100% of the total profit distribution[169]. - The total cash dividend, including other methods, amounts to ¥172,241,329.28, with a distributable profit of ¥157,040,017.26[169]. - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares for the first three quarters of 2024, totaling 45,748,948.00 CNY, which accounts for 26.71% of the net profit attributable to shareholders[170]. - For the fiscal year 2024, the company anticipates a cash dividend of 2.00 CNY per 10 shares, amounting to an estimated total of 91,497,917.20 CNY, representing 58.26% of the distributable profits as of December 31, 2024[170]. Financial Performance - The company's operating revenue for 2024 was ¥1,450,144,968.08, a decrease of 6.27% compared to ¥1,547,069,978.22 in 2023[24]. - The net profit attributable to shareholders for 2024 was ¥158,327,865.24, reflecting a significant decline of 46.57% from ¥296,335,571.13 in 2023[24]. - The net profit after deducting non-recurring gains and losses was ¥124,988,140.42, down 54.73% from ¥276,111,880.87 in the previous year[24]. - The net cash flow from operating activities decreased by 13.63% to ¥912,083,734.15 in 2024, compared to ¥1,056,037,366.26 in 2023[24]. - The total assets at the end of 2024 were ¥9,365,568,546.30, a decrease of 1.11% from ¥9,468,144,890.96 at the end of 2023[24]. - The net assets attributable to shareholders decreased by 1.00% to ¥2,619,052,592.44 at the end of 2024, compared to ¥2,643,345,129.76 at the end of 2023[24]. - The company reported a basic earnings per share of ¥0.34 for 2024, down 47.69% from ¥0.65 in 2023[24]. - The weighted average return on equity for 2024 was 5.99%, a decline of 5.81% from 11.81% in 2023[24]. Business Operations and Strategy - The company has established a dual-track development strategy, focusing on both terminal storage and chemical warehouse services, enhancing customer stickiness and operational efficiency[44]. - The company aims to become a global leader in energy and chemical warehousing logistics services, focusing on integrated services for petrochemical producers and traders[39]. - The company is focusing on three growth curves: domestic terminal tank business, overseas terminal tank business, and new energy and green chemical product storage services[104]. - The company plans to increase its overall tank capacity and warehouse capacity through self-built projects and acquisitions, thereby improving its comprehensive storage service capabilities[105]. - The company is committed to developing a sustainable petrochemical logistics service system, emphasizing differentiated competitive strategies and high-quality personalized services[104]. Market and Industry Trends - The company faced multiple challenges in 2024, including geopolitical conflicts and inflation pressures, impacting market volatility[32]. - The domestic economy showed resilience, supported by policy measures, which provided a solid foundation for the stable development of the petrochemical industry[32]. - The petrochemical industry is expected to achieve revenue of 16.28 trillion yuan in 2024, representing a year-on-year growth of 2.1%, while total profit is forecasted to decline by 8.8% to 789.71 billion yuan[34]. - The overall industry is characterized by "increased production and revenue without increased profit," indicating a challenging profit environment despite revenue growth[34]. Research and Development - The company invested CNY 51,606,161.54 in R&D in 2024, a decrease of 3.47% compared to CNY 53,462,271.73 in 2023[74]. - R&D expenditure accounted for 3.56% of the company's operating revenue in 2024, up from 3.46% in 2023[74]. - The number of R&D personnel increased by 11.16% to 259 in 2024, with R&D personnel now making up 20.47% of the total workforce[74]. - The company achieved a 100% completion rate for the development of a safety interlock control system for loading and unloading vehicles, enhancing operational safety[74]. - The R&D team has focused on catalyst design to improve performance, targeting a 50% reduction in energy consumption and catalyst replacement frequency[73]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation of the board of directors and shareholder meetings[116]. - The board consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and enhancing governance[117]. - The company has implemented a transparent performance evaluation and incentive mechanism for directors and senior management, with compensation linked to performance assessments[119]. - The company has maintained effective communication with investors through various channels, ensuring timely disclosure of significant information[120]. - The company completed the election of a new board of directors and supervisory board during the reporting period[132]. Environmental Compliance - The environmental protection licenses for various subsidiaries are valid until at least 2028, ensuring compliance with environmental regulations[197]. - The company achieved compliance with wastewater discharge standards, including a suspended solids limit of 500 mg/L and oil content limit of 400 mg/L[199]. - The company recorded a total hazardous waste disposal of 4.025 tons, with a total of 49.711 tons/year of hazardous waste generated[200]. - The total annual emissions of volatile organic compounds from Hongchuan Storage were recorded at 9.0515 tons[200]. Investor Relations - The company conducted multiple investor meetings throughout January to July 2024, focusing on operational performance[111]. - The meetings included discussions with various institutional investors, indicating strong engagement with the investment community[112]. - The frequency of meetings suggests a proactive approach to investor relations, with at least 30 sessions recorded in the first half of 2024[111][112]. - Overall, the investor engagement strategy reflects a commitment to transparency and ongoing dialogue with stakeholders[111][112].