长高电新科技股份公司2024年年度报告摘要

Core Viewpoint - The company has approved a profit distribution plan for the fiscal year 2024, proposing a cash dividend of 0.8 yuan per 10 shares, totaling approximately 49.63 million yuan, without issuing bonus shares or capital reserve transfers [2][17][55]. Company Overview - The company focuses on the research, production, and sales of power transmission and transformation equipment, as well as services related to new energy power and energy storage [3]. - The main business includes high-voltage isolation switches, combination electrical appliances, transformers, circuit breakers, and power engineering design and EPC services, covering all provinces in China [3]. Business Model - The company operates an independent procurement, production, and sales system, with no significant changes in its business model during the reporting period [3]. - The procurement process involves a unified bidding system for most materials, ensuring stable supply through multiple qualified suppliers [5]. Production and Sales Model - The production model is primarily based on sales orders, with a combination of in-house production and outsourcing for less complex processes [6]. - The sales strategy relies heavily on bidding for major clients like the State Grid and Southern Power Grid, supplemented by direct negotiations for non-bid projects [8]. Financial Data - The company reported a net profit attributable to shareholders of approximately 252.10 million yuan for the fiscal year 2024, with retained earnings at the end of the year amounting to about 1.15 billion yuan [16][55]. - The proposed cash dividend distribution is based on a total share capital of 620,332,085 shares [17]. Important Matters - The company plans to repurchase shares using 80 million to 160 million yuan of its own funds, with a maximum repurchase price of 9.19 yuan per share [10]. - An employee stock ownership plan has been approved, involving up to 1.32 million shares, representing 2.13% of the total share capital [11][12]. Financing and Guarantees - The company has authorized a credit limit of up to 760 million yuan for loans and other credit facilities for 2025 [20]. - It plans to provide guarantees for subsidiaries totaling up to 345 million yuan, ensuring financial stability and operational efficiency [21][66].