Farasis Energy(SH:688567) Zheng Quan Zhi Xing·2025-06-20 10:17Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) and has outlined the necessary procedures and agenda for the meeting, including the presentation of financial results and proposals for profit distribution [2][3][4]. Meeting Procedures - The AGM will ensure the verification of attendees' identities and maintain order during the meeting [2][3]. - Shareholders and their representatives have the right to speak, inquire, and vote during the meeting, with specific guidelines on how to request to speak [3][4]. - Voting will be conducted both on-site and online, with specific timeframes for each method [4][5]. Financial Performance - The company reported a significant decline in revenue for 2024, with total revenue of approximately 11.68 billion yuan, a decrease of 28.94% compared to 2023 [7][15]. - The net loss attributable to shareholders was approximately 332 million yuan, an improvement from a loss of about 1.87 billion yuan in the previous year [7][15]. - The company’s gross margin improved due to effective cost control measures and enhanced inventory management [15]. Financial Data Highlights - Key financial metrics for 2024 include: - Revenue: 11,680,468,636.74 yuan - Net profit attributable to shareholders: -332,059,388.86 yuan - Basic earnings per share: -0.27 yuan [7][15]. - The company’s total assets at the end of 2024 were approximately 26.63 billion yuan, down 11.67% from the previous year [9][15]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation of the board and shareholder meetings [12][13]. - The board of directors has been active, holding 10 meetings during the reporting period to discuss significant matters [13][14]. - The supervisory board conducted regular meetings to oversee the company's operations and ensure compliance with legal and regulatory requirements [17][18]. Future Outlook - The company plans to provide guarantees for its wholly-owned subsidiaries to facilitate their financing needs, with specific amounts allocated for each subsidiary [19].