TGWC(SH:600116) Zheng Quan Zhi Xing·2025-06-20 10:46Core Viewpoint - The company aims to enhance operational quality and governance while navigating challenges in energy supply and market competition, with a focus on strategic transformation and sustainable development [1][2][3]. Group 1: 2024 Key Operational Indicators - The company achieved a sales volume of 14.246 billion kWh, a year-on-year increase of 1.94%, marking a historical high [1]. - The operating revenue for 2024 was 10.322 billion yuan, a decrease of 7.65% compared to 11.177 billion yuan in the previous year [1]. - The net profit attributable to shareholders was 310 million yuan, down 39.94% year-on-year [1]. - The asset-liability ratio increased to 55.37%, up 3.90 percentage points from the previous year [1]. Group 2: Strategic Focus and Development - The company is committed to becoming a leading comprehensive energy listed company, focusing on transitioning from traditional energy reliance to a green and low-carbon model [2]. - The company has invested approximately 3 billion yuan in integrated energy projects, with a total storage operation scale of about 1.2 GWh [2][3]. - The company aims to enhance its core business quality and expand new business opportunities, particularly in large user development and energy management projects [2]. Group 3: Governance and Compliance - The board of directors held eight meetings during the reporting period, reviewing 59 proposals, including the annual profit distribution plan and the 2024 operational plan [3][4]. - The company received the "Best Practice Award" from the China Association of Listed Companies for its governance practices [4]. - The board has implemented a comprehensive information disclosure management system, achieving an A-class rating for three consecutive years from the Shanghai Stock Exchange [4][5]. Group 4: Shareholder Returns - The company has increased its cash dividend payout ratio from 10% to 30%, with a proposed cash dividend of 0.40 yuan per share for 2024 [5]. - The total cash dividends distributed over the past three years have exceeded 1.838 billion yuan, reflecting a commitment to shareholder returns [5]. Group 5: Social Responsibility and ESG Initiatives - The company successfully met the electricity supply demands during extreme weather conditions, ensuring the supply of 1.86 million kW of load [6]. - The company published its first ESG report, highlighting its commitment to low-carbon development and social responsibility [7]. Group 6: Future Plans for 2025 - The company plans to continue optimizing resource allocation and enhancing risk management while focusing on strategic transformation and operational efficiency [8]. - The board will prioritize the development of core business and new business potentials to drive revenue growth and shareholder value [8].