Core Viewpoint - Shaanxi Energy reported strong financial performance for 2024, with significant growth in revenue and net profit, indicating a stable operational trajectory and new record highs in performance metrics [2] Financial Performance - In 2024, the company achieved operating revenue of 23.156 billion yuan, a year-on-year increase of 19.04% - Net profit reached 3.009 billion yuan, up 17.73% year-on-year - The company generated 53.043 billion kWh of electricity, a 19.74% increase, and produced 23.5628 million tons of raw coal, a 1.17% increase - Cash flow from operating activities was 8.236 billion yuan, a 15.46% increase, attributed to increased electricity revenue from new power generation units [2][4] Business Segments - The electricity segment generated 17.667 billion yuan in revenue, up 19.62%, while the coal segment generated 4.843 billion yuan, up 18.55% [2] - The company continues to strengthen its coal-electricity integration advantage while exploring new business areas such as energy storage and comprehensive energy services [3] Major Projects - Key projects are progressing smoothly, including the commissioning of the third phase of the Qingshuichuan Energy Power Plant and the first phase of the Yan'an Thermal Power Project [4] - The company has initiated several projects, including the second phase of the Zhao Shipan Power Plant and the construction of the Zhangba Mine and Qianyang Mountain Coal Mine [5] Research and Development - R&D investment increased significantly to 23.0605 million yuan, a 123.11% year-on-year growth, with 61 projects and 73 patents obtained [6] - The company is advancing digitalization and energy technology, implementing 29 key technical upgrades in coal and electricity sectors [6] Dividend Policy - The company plans to distribute a cash dividend of 3.60 yuan per 10 shares, totaling 1.35 billion yuan, with a payout ratio of 51.10% of net profit [7] - Historically, the company has maintained a high dividend payout ratio above 50%, reflecting its strong internal growth [7] Shareholder Engagement - In March, the company announced a share buyback plan, with major shareholders intending to increase their holdings by 250 million to 500 million yuan [8]
陕西能源：煤电一体化优势助力经营业绩再创新高，持续高比例分红，重大项目稳步推进