兴业股份: 兴业股份2024年年度股东会会议资料

Core Viewpoint - The company, Suzhou Xingye Material Technology Co., Ltd., is preparing for its 2025 annual general meeting, where various proposals will be discussed, including financial performance, profit distribution, and governance changes [1][2][3]. Meeting Details - The annual general meeting is scheduled for May 29, 2025, at 10:00 AM, with both on-site and online voting options available [2][3]. - The meeting will be presided over by Chairman Wang Jinxing [3]. Financial Performance - For the fiscal year 2024, the company reported a revenue of 1.484 billion yuan, a decrease of 1.09% year-on-year, and a net profit attributable to shareholders of 40.52 million yuan, down 46.65% from the previous year [5][20]. - The company’s total assets decreased by 5.87% to 1.7308 billion yuan, while the equity attributable to shareholders fell by 0.89% to 1.5148 billion yuan [20]. Strategic Developments - The company aims to enhance its operational efficiency and profitability by integrating digital technologies and advanced management practices [4][7]. - New product developments include bio-based furan resin and environmentally friendly furan resin for 3D sand printing, which are expected to improve production efficiency and reduce environmental impact [6][7]. Governance Changes - Proposals include the revision of the company’s articles of association and the cancellation of the supervisory board, with its functions being transferred to the audit committee of the board [24][26]. - The company plans to authorize the board to determine the mid-term profit distribution plan for 2025, contingent on financial performance [17][18]. Credit Facilities - The company intends to apply for a comprehensive credit facility of up to 1.3 billion yuan from financial institutions to support its operational and business development needs for 2025 [22][23]. Compensation and Board Structure - The total remuneration for directors, supervisors, and senior management for 2024 is proposed to be 3.659 million yuan, with specific amounts allocated to individual members [23]. - The company is nominating Xu Ying as an independent director to replace He Qian, who resigned for personal career development reasons [26][27].