Shanghai Ganglian(300226) 搜狐财经·2025-04-03 21:34Core Viewpoint - Shanghai Steel Union's stock price has declined, reflecting challenges in its financial performance and shareholder dynamics [1][3][8] Shareholder Changes - As of March 31, 2025, the number of shareholders decreased by 3,870, a reduction of 10.21% from the previous period [2][8] - The average number of shares held per shareholder increased from 8,410 to 9,366, with an average holding value of 211,800 yuan [2] Financial Performance - For the fiscal year 2024, Shanghai Steel Union reported a total revenue of 81.335 billion yuan, a year-on-year decrease of 5.77% [3] - The net profit attributable to shareholders was 161 million yuan, down 32.87% year-on-year, while the net profit excluding non-recurring items was 112 million yuan, a decline of 41.43% [3] - In Q4 2024, the company recorded a revenue of 17.189 billion yuan, a 13.04% decrease year-on-year, and a net profit of 34.21 million yuan, down 53.4% [3] Government Subsidies - Shanghai Steel Union's subsidiary received a government subsidy of 21.52 million yuan, which represents 13.34% of the company's audited net profit for the most recent fiscal year [4][8] Investment and Financing - The company plans to apply for a total credit facility of up to 300 million yuan from financial institutions, with the authorization valid for one year from the date of shareholder approval [7] - Shanghai Steel Union's subsidiary is set to invest in a new company focused on AI and industrial intelligence, with a registered capital of 30 million yuan [5] Profit Distribution - The company has announced that it will not distribute cash dividends or issue new shares for the fiscal year 2024, instead opting for a share buyback amounting to approximately 49.63 million yuan [6]