Nisco(SH:600282) Zheng Quan Zhi Xing·2025-04-01 10:12Core Viewpoint - The company is focused on maintaining shareholder rights and ensuring efficient operations during the upcoming shareholder meeting, while also addressing financial performance and future plans for growth and dividends [4][8][20]. Meeting Details - The shareholder meeting will take place on April 9, 2025, at the company's office in Nanjing, with voting options available through both on-site and online platforms [3][6]. - The agenda includes a welcome speech, announcement of attendance, discussion of proposals, and voting on various resolutions [6][8]. Financial Performance - For the fiscal year 2024, the company reported a revenue of 61.81 billion yuan, a decrease of 14.79% year-on-year, while the net profit attributable to shareholders was 2.26 billion yuan, an increase of 6.37% [9][20]. - Total assets decreased to 69.11 billion yuan, down 5.56% from the previous year, and total equity attributable to shareholders was 26.03 billion yuan, a decline of 1.94% [20]. Dividend Distribution - The proposed cash dividend for the second half of 2024 is 0.085 yuan per share, with a total distribution of approximately 1.14 billion yuan, representing 50.45% of the net profit for the year [11][18]. - The company plans to shorten the dividend cycle from annual to semi-annual, with a proposed cash dividend for the first half of 2025 set at 50% of the net profit [12][18]. Governance and Compliance - The board of directors has established a robust governance structure, ensuring compliance with relevant laws and regulations, and has received recognition for best practices in board governance [14][17]. - The company has implemented a comprehensive internal control system, with no significant deficiencies reported in financial reporting or compliance [15][26]. Future Goals - The company aims to produce 9.9 million tons of steel and achieve a revenue target of 63 billion yuan in 2025, alongside planned investments in fixed assets [20][21]. - The strategic focus includes innovation, green transformation, and enhancing core competitiveness to build a globally competitive advanced materials manufacturer [20].