Xingtong Shipping(603209) 证券之星·2025-04-03 11:15Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) to discuss various proposals, including financial reports, profit distribution, and future financing strategies. Meeting Basic Information - The AGM is scheduled for April 14, 2025, at 10:00 AM in Quanzhou, Fujian Province [5]. - The meeting will combine on-site and online voting methods [5][6]. - The record date for shareholders is April 7, 2025 [5]. Agenda Items - The agenda includes the review of the 2024 Board of Directors and Supervisory Board reports [6][9]. - A proposal for a cash dividend of 2.00 RMB per 10 shares is planned, amounting to a total of 73.26 million RMB, which is 20.91% of the net profit for 2024 [13][14]. - The company seeks authorization to determine the mid-term cash dividend plan for 2025, with a cap of 30% of the net profit for that period [15][16]. - A proposal for a comprehensive credit facility of up to 2.2 billion RMB for 2025 is also on the agenda [16][17]. - The company plans to change the use of previously raised funds from a digital shipping research project to a new chemical shipbuilding project, with an investment of 648 million RMB [19][20]. Financial Reports - The company reported a net profit of 350.42 million RMB for 2024, with retained earnings of 754.87 million RMB as of December 31, 2024 [13][14]. - The financial decision-making process will be guided by the company's operational needs and market conditions [16][19]. Share Issuance and Financing - The company proposes to authorize the board to issue up to 300 million RMB in new shares to specific investors, not exceeding 20% of the net assets [25][28]. - The issuance will be conducted under simplified procedures, targeting qualified institutional investors [25][28]. Corporate Governance - The company will appoint a new auditing firm for the 2025 fiscal year, continuing its relationship with Rongcheng Accounting Firm [23]. - The remuneration for directors and supervisors for 2025 has been proposed, with independent directors receiving a pre-tax allowance of 120,000 RMB [24][26]. Other Proposals - The company plans to extend the validity of the previous year's resolution regarding the issuance of A-shares to specific investors [36]. - A proposal to transfer shipbuilding contracts to a joint venture with Xiamen Jianfa Supply Chain Logistics Technology Co., Ltd. is also included [29][30].