GenTech(SH:688596) Zheng Quan Zhi Xing·2025-06-06 11:13Core Viewpoint - The Shanghai Zhengfan Technology Co., Ltd. is preparing for its 2024 annual shareholders' meeting, where various proposals will be discussed, including financial reports, profit distribution, and the appointment of auditors for the upcoming year [1][4][8]. Meeting Details - The annual shareholders' meeting is scheduled for June 13, 2025, at 13:30, held at the company's conference room in Minhang District, Shanghai [2][3]. - The meeting will be presided over by Chairman Yu Dong Lei and will include both in-person and online voting [2][3]. Proposals for Discussion - Proposal 1: The board's 2024 work report will be presented, highlighting the company's operational performance and governance improvements [4]. - Proposal 2: The supervisory board's 2024 work report will be reviewed, focusing on governance and oversight functions [5]. - Proposal 3: The 2024 financial settlement report will be discussed, which has been audited by Rongcheng Accounting Firm, providing a standard unqualified opinion [5][24]. - Proposal 4: The 2024 annual report and its summary will be presented for approval [5]. - Proposal 5: A profit distribution plan proposing a cash dividend of 2.80 RMB per 10 shares (including tax) will be discussed [7]. - Proposal 6: The reappointment of Rongcheng Accounting Firm as the auditor for the 2025 fiscal year will be proposed [8]. - Proposal 7: A proposal for external guarantee limits for 2025, not exceeding 2.27 billion RMB, will be presented [9]. - Proposal 8: The remuneration plan for non-independent directors and adjustments to independent directors' allowances will be discussed, with independent directors' allowances proposed to increase from 120,000 RMB to 160,000 RMB per year [10][11]. - Proposal 9: The remuneration plan for supervisors for 2025 will be reviewed [12]. - Proposal 10: A proposal to register and issue debt financing instruments with a scale of up to 2.2 billion RMB will be discussed [12][13]. - Proposal 11: Amendments to the company's articles of association and governance systems will be proposed to enhance governance structure [11][14]. Financial Performance - In 2024, the company achieved a revenue of 5.47 billion RMB, representing a year-on-year increase of 42.63% [18][24]. - The net profit attributable to shareholders was 527.75 million RMB, up 31.50% from the previous year [18][24]. - The net profit after deducting non-recurring gains and losses was 488.20 million RMB, reflecting a growth of 43.80% [18][24]. - The operating cash flow net amount reached 398.81 million RMB, showing a significant increase of 245.17% [18][24]. Governance and Compliance - The board has emphasized strict compliance with laws and regulations, enhancing internal control management, and improving governance structures [18]. - The supervisory board has conducted regular meetings to oversee the company's operations and financial status, ensuring adherence to legal and regulatory requirements [21][23].