Whirlpool (China) (SH:600983) Zheng Quan Zhi Xing·2025-06-06 09:09Core Points - The company is preparing for the 2024 Annual General Meeting (AGM) scheduled for June 13, 2025, to ensure orderly proceedings and protect shareholder rights [1][2] - The company reported a revenue of 3.65 billion yuan for 2024, a decrease of 8.85% compared to the previous year, while net profit attributable to shareholders was 202 million yuan, indicating improved profitability [10][23] - The company plans to distribute a cash dividend of 0.29 yuan per share, totaling approximately 222 million yuan, which represents 110.15% of the net profit attributable to shareholders [25][26] Meeting Procedures - Shareholders must register to speak at the AGM 10 minutes before the meeting starts, with a speaking limit of 5 minutes per shareholder [2] - The AGM will include discussions and voting on various proposals, with a combination of on-site and online voting methods [2][4] Financial Performance - The company experienced a decline in operating income due to intensified market competition and changes in product sales structure, but saw an increase in overseas orders in the fourth quarter [10][23] - The company’s total assets were reported at approximately 5.24 billion yuan, showing a slight decrease of 0.05% from the previous year [23] Governance and Compliance - The board of directors has established several committees to oversee various aspects of company operations, including audit and compliance [5][6] - The company has maintained a strong internal control system and has complied with relevant laws and regulations, ensuring transparency and accountability [20][21] Future Plans - The company aims to enhance its product offerings and market presence, focusing on high-end appliances and expanding into new markets [10][14] - For 2025, the company plans to apply for a credit limit of up to 3.5 billion yuan for foreign exchange hedging to mitigate currency risks [29][30]