GDG(SH:600098) 申万宏源证券上海北京西路营业部·2025-06-17 01:36Core Viewpoint - The article emphasizes the importance of investor engagement and education through the "I am a Shareholder" initiative, which aims to enhance communication between investors and listed companies, thereby promoting a better understanding of investment value and encouraging active shareholder participation [1][9]. Group 1: Event Overview - The "I am a Shareholder" event was organized by the Shanghai Stock Exchange and Shenwan Hongyuan Securities, focusing on Guangzhou Development Group Co., Ltd. to enhance investor awareness and understanding of quality listed companies [1]. - The event attracted over 20 institutional investors and high-net-worth clients from Guangzhou, Shenzhen, and Dongguan, providing a new educational experience for investors [1]. Group 2: Company Operations - Investors toured the gas group's dispatch center and new energy production operation center, learning about Guangzhou Development's gas business, which manages the high-pressure pipeline network and natural gas distribution in Guangzhou [2]. - The company has built an integrated industrial chain covering gas sources, receiving stations, pipeline distribution, and energy users, with over 8,000 kilometers of pipelines serving more than 2.4 million natural gas users [2]. Group 3: New Energy Initiatives - The centralized intelligent operation center for new energy has been operational since 2020, utilizing advanced information systems for standardized and intelligent management of energy production [4]. - The company is enhancing its marketing mechanisms and pushing towards lean operations while improving power generation efficiency and reducing losses [4]. Group 4: Investor Interaction - During the event, investors engaged in discussions with company executives about future strategies, operational conditions, and dividend plans, receiving detailed responses from the management [6]. - The company has a strong commitment to shareholder returns, having distributed cash dividends for 26 consecutive years, with an average payout ratio exceeding 40% [13]. Group 5: Future Outlook - The company plans to increase its R&D investment in strategic emerging industries such as new energy, energy storage, and hydrogen energy, aiming to enhance market applications in these areas [11]. - With the national "dual carbon" goals supporting green energy development, the company is adjusting its development strategies to prioritize high-quality projects and regions for new energy investments [12]. - Guangzhou Development aims to become a leading green low-carbon comprehensive smart energy enterprise, focusing on innovation and collaboration across its diverse energy-related businesses [15].