ZMNY(SH:600163)2025-04-28 09:25Financial Performance - In 2024, the company's operating revenue was CNY 1,741,208,106.74, a slight increase of 0.54% compared to CNY 1,731,811,521.35 in 2023[20]. - The net profit attributable to shareholders was CNY 651,146,307.09, representing a decrease of 4.03% from CNY 678,473,538.83 in the previous year[20]. - The net cash flow from operating activities decreased by 22.46% to CNY 798,183,484.57 from CNY 1,029,380,826.69 in 2023[20]. - The company's total assets increased by 1.37% to CNY 11,682,373,175.48 at the end of 2024, compared to CNY 11,524,049,083.57 at the end of 2023[20]. - The weighted average return on equity decreased to 9.9658% in 2024 from 11.3022% in 2023, a decline of 1.3364 percentage points[21]. - In 2024, the company achieved operating revenue of 1.741 billion yuan, a year-on-year increase of 0.54%, while total profit decreased by 4.74% to 821 million yuan[54]. Dividend Distribution - The company plans to distribute a cash dividend of 0.83 CNY per 10 shares, totaling approximately 157.95 million CNY, which represents about 30.10% of the net profit attributable to shareholders for the year 2024[5]. - The total cash dividend for the year 2024, including the interim distribution, amounts to approximately 196.01 million CNY[5]. - Cumulative cash dividends over the last three accounting years amount to CNY 481,458,024.18, with an average cash dividend ratio of 70.17%[150][151]. Project Development and Capacity - The company achieved a total power generation of 300,800.41 million kWh in 2024, an increase of 2.47% year-on-year[27]. - The company has made significant progress in project development, including obtaining rights for a 100,000 kW offshore wind farm project and several solar power projects[28]. - The company has secured development rights for several new projects, including a 100,000 kW offshore wind farm and two photovoltaic power stations totaling 480,000 kW[46]. - The newly installed renewable energy capacity in 2024 was 37.3 million kW, a year-on-year increase of 23%, accounting for 86% of the total new installed capacity[33]. - The company operates 16 wind power projects, 1 photovoltaic power station, and 1 biomass power plant, showcasing its extensive operational experience in clean energy[49]. Risk Management and Compliance - The company has not identified any significant risks that could materially impact future development[10]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[10]. - The company adheres to legal and regulatory requirements for corporate governance, continuously improving its governance structure and internal control systems[110]. - The company has implemented a dual prevention mechanism for risk management, enhancing technical supervision and emergency response capabilities to mitigate the impact of natural disasters[108]. - The company has established a robust internal control system, with no significant deficiencies reported during the evaluation period[153]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant regulations and a balanced professional structure[114]. - The company has established a robust investor relations management system, facilitating communication and engagement with investors through various channels[117]. - The company has a complete business system and independent operational capabilities, with measures in place to avoid competition with its controlling shareholder[119]. - The company has revised its governance documents to align with the requirements of independent director system reforms, ensuring compliance with regulatory standards[110]. - The company has seen changes in its management team, with resignations due to work changes and retirements[130]. Environmental and Social Responsibility - The company achieved a total power generation of 300,800.41 million kWh in 2024, resulting in a reduction of 2.623 million tons of CO2 emissions compared to coal-fired power generation[162]. - The company invested 4.2359 million yuan in environmental protection during the reporting period[158]. - The company donated a total of 100,200 yuan to various public welfare projects, including 30,000 yuan to a local hero association and 50,000 yuan to a school[164]. - The company participated in poverty alleviation projects with a total investment of 233,500 yuan, including purchasing poverty alleviation products worth 133,500 yuan[165]. - The company has established mechanisms for environmental protection and conducts environmental impact assessments for new projects[161]. Financial Management - The company has a loan balance of ¥30 million from Industrial Bank, with an interest rate of 2.25%, which is lower than the initially planned maximum of ¥50 million at 2.60%[179]. - The company reported a total of 5.68 billion RMB in structured deposits with an expected return of 1.47%[185]. - The company has structured deposits with floating returns ranging from 2.55% to 3.1% across various banks[186]. - The company is focusing on maintaining a low overdue amount, ensuring financial stability[185]. - The company aims to increase its market share in structured financial products through competitive interest rates[186].