Lettall Electronic(SH:603629) Zheng Quan Zhi Xing·2025-05-09 08:50Core Viewpoint - The 2024 Annual General Meeting of Jiangsu Litong Electronics Co., Ltd. will address various proposals including financial reports, profit distribution plans, and the election of board members, reflecting the company's operational performance and future strategies [1][2][3]. Summary by Sections Meeting Guidelines - Attendees must arrive on time for registration and present valid identification to confirm their participation [2][3]. - The meeting will allow both on-site and online voting, with specific time slots designated for each method [3][5]. Meeting Agenda - The meeting will cover the presentation of various reports including the Board of Directors' work report, Supervisory Board's work report, and the financial settlement report for 2024 [1][4]. - Key proposals include the profit distribution plan and the authorization for the board to manage small-scale financing matters [1][4]. Financial Performance - In 2024, the company reported a revenue of 2,247.56 million yuan, an increase of 18.72% year-on-year, while the net profit attributable to shareholders decreased by 38.77% to 24.62 million yuan [9][22]. - Total assets reached 5,932.48 million yuan, reflecting a 63.26% increase compared to the previous year [22][26]. Profit Distribution - The profit distribution plan proposes a cash dividend of 1,293.15 million yuan, which is 52.53% of the net profit attributable to shareholders [28]. - The company has a history of cash dividends, with the total cash dividend amounting to 12.93 million yuan for 2024, down from previous years [28]. Future Strategies - The company aims to enhance its AI computing business and expand into new markets, including high-end medical and defense sectors, while continuing to strengthen its existing product lines [16][24]. - The board emphasizes the importance of transparent information disclosure and investor relations management to foster trust and engagement with shareholders [16][20].