ZPUG(SZ:000685) Nan Fang Du Shi Bao·2025-04-27 12:55Core Viewpoint - Zhongshan Public Utility Group Co., Ltd. reported a significant increase in revenue and net profit for the fiscal year 2024, indicating strong financial performance and growth potential in its core business areas [1][3]. Financial Performance - The total operating revenue for 2024 reached 5.678 billion yuan, a year-on-year increase of 9.22% [2][4]. - The net profit attributable to shareholders was 1.199 billion yuan, reflecting a 24.02% increase compared to the previous year [2][3]. - The net profit after deducting non-recurring gains and losses was 1.188 billion yuan, up 30.06% year-on-year [3][4]. - Basic and diluted earnings per share both stood at 0.82 yuan, a 24.02% increase from 0.66 yuan in 2023 [2][4]. Business Segments - The water service segment generated 1.438 billion yuan, accounting for 25.32% of total revenue, with a growth of 7.43% [4]. - The solid waste segment saw a revenue increase of 32.00%, reaching 762.81 million yuan [4]. - The engineering segment contributed 3.008 billion yuan, representing 52.98% of total revenue, with a growth of 9.49% [4]. - The renewable energy segment experienced a substantial growth of 77.13%, generating 10.42 million yuan [4]. Profitability and Ratios - The company's net profit margin improved from 19.10% to 21.33%, while the gross profit margin decreased to 18.90% [5]. - The weighted average return on equity was reported at 7.08%, showing an improvement in profitability [6]. - The debt-to-asset ratio increased to 45.01%, indicating a rise in leverage [6]. Cash Flow and Shareholder Returns - Cash acquisition capability declined, with the cash collection rate dropping from 78.22% to 72.45% [8]. - The company announced its first special dividend plan, proposing a distribution of 514 million yuan to shareholders, reinforcing its commitment to investor returns [8].