Daqin Railway(SH:601006) Zheng Quan Ri Bao·2025-05-22 09:05Core Viewpoint - Daqin Railway has demonstrated strong operational performance in 2024, achieving significant growth in both passenger and freight transport, while also committing to a robust cash dividend policy that reflects its financial health and shareholder value creation [2][3][6]. Financial Performance - In 2024, Daqin Railway reported total operating revenue of 74.63 billion yuan and a net profit attributable to shareholders of 9.04 billion yuan, with basic earnings per share at 0.51 yuan and a weighted average return on equity of 6.10% [2]. - The company achieved a passenger volume of 46.41 million, representing an 8.3% year-on-year increase, and a freight volume of 706 million tons, accounting for 13.73% of the national railway freight total [3]. Strategic Goals - For 2025, Daqin Railway has set a target of 45 million passenger trips and a freight volume of 71 million tons, with an expected operating revenue of 78 billion yuan [4]. Dividend Policy - Daqin Railway has committed to a cash dividend of no less than 55% of net profit attributable to shareholders, with a total cash dividend of 5.18 billion yuan in 2024, representing 57.31% of the net profit [5][6]. - The company initiated its first interim dividend in 2024, marking a significant milestone in its shareholder return strategy [6]. Capital Structure - As of the end of 2024, Daqin Railway's total equity reached 169.97 billion yuan, an increase of 17.56 billion yuan year-on-year, primarily due to the conversion of Daqin convertible bonds into company stock [7].