Zheng Quan Zhi Xing·2025-03-28 14:42Core Viewpoint - The company plans to distribute a cash dividend of RMB 0.0262 per share, which represents 20% of the net profit attributable to ordinary shareholders for the year, lower than the previous 30% threshold due to the need to retain earnings for future growth and funding requirements [1][2][4]. Profit Distribution Plan - The proposed cash dividend distribution is RMB 0.262 per 10 shares, amounting to a total of RMB 1,092,308,487.26 based on a total share capital of 41,691,163,636 shares as of December 31, 2024 [2][4]. - The cash dividend for the current year is 20% of the net profit attributable to ordinary shareholders [2][4]. Financial Performance and Retained Earnings - The company has maintained a cash dividend ratio of 48.49% over the past three years, ensuring it does not trigger any risk warnings under the Shanghai Stock Exchange regulations [4][5]. - The company retains a portion of its profits to support strategic development, structural adjustments, and to enhance its core competitiveness [5][6]. Industry Context and Company Strategy - The company operates in a highly competitive energy and infrastructure sector, necessitating significant capital for ongoing projects and operational needs [4][5]. - The company is focused on transitioning to green and low-carbon technologies, emphasizing innovation and development in new energy, new infrastructure, and sustainable materials [5][6]. Decision-Making Process - The profit distribution plan was approved by the board of directors and the supervisory board, ensuring it aligns with the company's profit distribution policy and shareholder return strategy [6][7].